Tuesday, August 13, 2013

14-08-13 MARKET:

MARKET TREND:
Yesterday also Market pull back rally has continued, without volumes break.  Today also uptrend may continue, after the little profit booking, based on peer market open and credit rating agency's report and WPI data.   Pharmacy stocks may be under pressure based on FDI news.  As market is still at Sell at Highs, at 5780 level traders may initiate shorts and open doors for volatility.


NIFTY SPOT LEVELS:
Pivot: 5661
Resistiance: 5743/5786/5869
Support: 5617/5535/5491

NIFTY FnO BAN: FINANTECH, HDIL

STOCKS FOR DAY:
MERCATOR EQ: BUY > 10.25 TRG 11 SL 10
CENTURYTEXT EQ: BUY > 223 TRG 231.75 SL 218
RELIANCEINFRA EQ: BUY > 359 TRG 369 SL 351
IDFC EQ: BUY > 110.50 TRG 114 SL 108

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