Tuesday, July 30, 2013

31-07-13 MARKET:

MARKET TREND:
As we informed yesterday market has taken support at 5750.  But for nifty 5750 is crucial to sustain or consolidate the market at this level.   If it broken and closes below 5750 market may witness correction upto 55500 level.  Market range is shrinking to 5700-6000 levels.  Fom last 2 days IT index only is in plus even though it is overbought status.  

NIFTY SPOT LEVELS:
Pivot: 5788
Resistance: 5828/5902/5943
Support: 5715/5674/5600

NIIFTY FnO BAN: NIL

STOCKS FOR DAY:
BLISSGVS PHARMA EQ: BUY > 31.65 TRG 32.25 SL 31.15
APOLLOTYRES EQ: BUY > 67.15 TRG 68-68.80 SL 66
VLS FINANCE EQ: BUY > 9.40 TRG 9.8-10.35 SL 8.80
CIPLA EQ: SELL < 410 TRG 405 SL 413


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