23-08-13 MARKET:

MARKET TREND:

Market not moving on Fundamental or Technical Values, it is moving only  on Sentiment.   Positional Traders are en-cashing the situation.  If we observe, FIIs are buying, when ever market is weak and selling when ever market is in upbeat.   Last 2 days also same thing repeated and market went through volatility.   As anybody can't play the same game for long, today market may witness flat closing with positive bias and and may witness Sell at Highs. 

Today market should open higher than yesterday closing and should not break yesterday lows, to sustain this upbeat.  At 5470/5480, Nifty may get resistance. Short are not advisable. 

 

NIFTY SPOT LEVELS:
Pivot: 5360
Resistance: 5466/5525/5632
Support: 5302/5195/5137

NIFTY FnO BAN: FINANTECH, HDIL

STOCKS FOR DAY:
TATAMOTORS EQ: SELL < 298 TRG 284 SL 303
PRAKASH IND EQ: BUY > 29.40 TRG 31.25/32.25 SL 28.25
INDIAINFOLINE EQ: BUY > 51.50 TRG 53/55 D; 50
RIIL EQ: BUY > 288 TRG 296 SL 283

JUST FOR CHANGE TRY TO INTER-ACT: 
your views to e.mail:  roaringstocks@rediffmail.com
-IS UPROAR IS NEED IN PARLIAMENT  FOR ONION PRICES?
-IS THE GOVT. TRYING TO BENEFIT TRADERS BY MISMATCHING SUPPLY & DEMAND WITH THEIR EXPORT ORDERS?
-ARE THE GOVT/CORPORATES FORCING PUBLIC TO PAY MORE PRICE FOR THEIR NEEDS? ARE COMMON MAN HAS MORE MONEY TO BUY?
-IS THE INFLATION REFLECTING REAL PURCHASE POWER?