Thursday, August 15, 2013

16-08-13 MARKET:

MARKET TREND:
Market is trying to give some plus to traders.If we calculate Indices yield will not much against Rs. depreciation. FIIs could not take out their money, due to USD appreciation against Rs. and parking their funds in India only.   This is reason market neither going too much down nor going much up.   We can see 5750 /5800 as resistance with support of 5600.
Today market may open flat with negative bias and can be range bound, any negative news may book profits at higher level as there is week end.

NIFTY SPOT LEVELS:
Pivot: 5729
Resistance 5768/5793/5832
Support: 5703/5665/5639

NIFTY FnO BAN: FINANTECH, HDIL

STOCKS FOR DAY:
HINDALCO EQ: BUY > 96 TRG 100 SL 93.5
VQUARD EQ: SELL < 548 TRG 531 SL 65
CPIL EQ: SELL < 263 TRG 250 SL 273
ZEE LEARN EQ: BUY > 21 TRG 21.6/22.00 SL 20.40

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