06-08-13 MARKET:

06-08-13MARKET TREND:

After July, 23^rd only yesterday market has been closed in green.  This is purely pull back rally, which generally short live.   Today market may open negative in line with peer market and can see some short covering by end of the day.   Since Derivatives range has been shirked to 5600-6000, we suggest selling at highs and waiting for 5550 level, which is 1^st leg of bear market.

NIFTY SPOT LEVELS:

Pivot: 5738

Resistance: 5799/5869/5930

Support: 5667/5606/5535

NIFTY FnO BAN: HDIL

STOCKS FOR DAY:

SHANTI GEARS EQ: BUY > 50 TRG 51 SL 49.75

IDEA EQ: SELL < 156 TRG 151 SL 160

DB REALTY EQ: SELL < 52 TRG 51-50 SL 53