Sunday, July 14, 2013

15-07-13 MARKET:

MARKET TREND:
Friday market is Muscles Show of  Nifty Gaints by leaving FMGC and reality Beta stocks.   But total volumes are not convincing the break of 5600-6000 range.   As we expected 6020 has given resistance, but closed at respective levels.   In view of Qrt. results FIIs are more with Specific Stocks than Nifty Indices. Market may wait for WPI data and may play range bound with positive bias.  Nifty may get resistance @ 6035.

NIFTY SPOT LEVELS:
Pivot:5993
Resistance: 6035/6060/6102
Support: 5967/5925/5900

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
IGL EQ: BUY > 287.50 TRG 294 SL 282
THINK SOFT EQ: BUY > 83 TRG  85.50 SL 80
RELIANCE EQ: BUY > 885 TRG  900 SL 874
TREE HOUSE EQ: BUY > 280 TRG 285 SL 276 

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