Wednesday, August 28, 2013

29-08-13 MARKET:

MARKET TREND:
Yesterday market is replica of Rupee Fall.   FIIs also are in selling side, and due to expectation of Down Side Rating from Rating Agencies.  But surprisingly it has been recovered from its lows and given pause to the fall. Today market may open flat and will be range bound. Presently market range set between 5200-5400. Since, today is Derivatives Settlement date, some volatility also can be expected.

NIFTY SPOT LEVELS:
Pivot: 5240
Resistance: 5362/5440/5561
Support: 5163/5042/4964

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
BHARATFORGE EQ: BUY > 230 TRG 237/240 SL 224
KTKBANK EQ: BUY > 74 TRG 76/78 SL 72
DLF EQ: BUY > 129 TRG 136 SL 125
UCO BANK EQ: BUY > 49.50 TRG 53 SL 47


No comments:

Post a Comment