01-10-13 MARKET:

MARKET TREND:

YESTERDAY MARKET WAS IN SELL MODE DUE TO TECHNICAL WEAKNESS AND  INFLUENCE OF PEER MARKETS. TODAY ASIA'S MAJOR MARKETS ON HOLIDAY AND TOMORROW OUR MARKET WILL BE CLOSED AND AFTER YESTERDAYS FALL, MARKET MAY BE SUBDUED WITH LOW VOLUMES. TRADERS MAY BE PREFER TO COVER THEIR POSITIONS (LONG OR SHORTS) AND WAIT FOR NEXT MARKET DAY.  AS NIFTY IS LIKELY TO PLAY BETWEEN 50 AND 200 DMA LEVELS, TILL WE GET 3RD QTR FIGURES, MARKET MAY LITTLE BOREDOM IN COMING WEEK.

TODAY WE MAY WITNESS SELL AT HIGHS AND SUPPORT AT 5700 LEVEL.

NIFTY SPOT LEVELS:
Pivot: 5755
Resistance: 5791/5846/5883
Support: 5699/5662/5607

NIFTY FnO BAN: NIL

STOCKS FOR THE DAY:
PTC EQ: BUY > 46 TRG 47.50 SL 45
GSPL EQ: BUY > 53.75 TRG 57.40 SL 51.25
DABUR EQ: SELL < 172 TRG 170/168 SL 175

30-09-13 MARKET:

MARKET TREND:

FRIDAY NIFTY HAS BEEN HANDOVER TO BEARS AFTER FIGHTING OVER 2 WEEKS.   20TH SEP. HAS RECORDED FIST LOSS FOR THE BULLS.   SINCE THEN NIFTY IS UNDER PRESSURE/CONSOLIDATION AND FINALLY GIVEN UP 200 DMA SUPPORT.   IF NIFTY GETS SUPPORT AT 5720/5740, MARKET MAY GET SOME CONSOLIDATION AND KEEP THE SHORT TERM UPTREND.  IF 5720 BREAKS, 5600 LEVEL (GAP FILLING AREA) MAY BE THE SUPPORT FOR NIFTY IN SHORT TERM.

TODAY ALL OUR PEER MARKET HAVE BEEN STARTED IN RED ALONG WITH OUR SGX NIFTY.   OUR MARKET ALSO MAY GET OP;EN WITH NEGATIVE BIAS AND MAY FOLLOW DAY PIVOT LEVELS.

NIFTY SPOT LEVELS:
Pivot: 5854
Resistance: 5889/5944/5978
Support: 5798/5764/5708

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
IRB EQ: SELL < 80 TRG 75 SL 82
RELINFRA EQ:  SELL < 396 TRG 380 SL 403
TATAMOTORS DVR EQ: BUY > 168 TRG 170 SL 165.75

27-09-13 MARKET:

MARKET TREND:

AS WE INDICATED IN OUR PREVIOUS REPORT, YESTERDAY WE HAVE WITNESSED SELECTIVE STOCKS PICS (LIKE ABG ETC) WITH GOOD VOLUMES. SEPTEMBER SERIES CLOSED POSITIVELY WITH RESPECTABLE PERCENTAGE OF 9% (AFTER TOUGHING ALMOST 20% HIGH). EVEN THOUGH CURRENCY AND RBI ACTIONS NOT SUPPORTIVE TO EQUITY MARKETS OUR NIFTY HAS PERFORMED VERY WELL.  THIS MONTH SERIES LIKELY TO BE VOLATILE AND NEWS DRIVEN, DUE TO ADVANCE TAX AND QUARTERLY RESULTS EXPECTATIONS.

AS TODAY PEER MARKET HAVE OPENED FLAT WITH NEGATIVE BIAS, OUR MARKET ALSO MAY OPEN FLAT  AND AS MARKET IS TECHNICALLY WEAK AND TODAY IS WEEK END, OUR TRADERS MAY GO FOR SOME MORE PROFIT BOOKING AND MARKET MAY CLOSE IN NEGATIVE.  TODAY NIFTY MAY GET SUPPORT

NIFTY SPOT LEVELS:
Pivot: 5888
Resistance: 5912/5941/5965
Support: 5858/5834/5805

NIFTY FnO BAN: NIL

STOCKS FOR THE DAY:
INOXLEISURE EQ: SELL < 72 TRG 69.50 SL 74
POLARIS EQ: BUY > 125 TRG 130 SL 121
STERTECH EQ: BUY > 19.20 TRG 20/20.50 SL 18.50
ABGSHIP EQ: BUY > 284 TRG 315 SL 267
TATA ELXSI EQ: BUY > 185 TRG 195/200 SL 174
JINDALDRILL EQ: BUY > 159 TRG 170 SL 149

26-09-13 MARKET:

MARKET TREND:

YESTERDAY WAS CLOSED LOWER THAN EXPECTED, BASED ON US BASED NEWS FLOWS. TODAY SEP. DERIVATIVES CLOSES, NATURAL VOLATILITY WILL BE THERE.   AS WE MENTIONED, THIS MONTH NIFTY HAS RAISED ALMOST 20% FROM ITS LOWS (5118 - 6142). AND EVEN YESTERDAY VOLUMES ARE LOW, TRADERS MAY GO  FOR PROFIT BOOKING.  

TODAY MARKET LIKELY TO OPEN NEGATIVE AND NIFTY MAY GET SUPPORT @ 5820/5765 LEVEL.

NIFTY SPOT LEVELS: 
Pivot: 5865
Resistance: 5919/5965/6019
Support: 5820/5765/5720

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
SUNPHARMA ADV EQ: BUY > 127.75 TRG 137 SL 122
HINDALCO EQ: BUY > 115 TRG 119 SL 112.75
RELIANCE EQ: SELL < 855 TRG 836 SL 868
DEWAN HOUSING EQ: SELL < 105 TRG 100 SL 108.50

25-09-13 MARKET:

MARKET TREND:

YESTERDAY MARKET IS IN CONSOLIDATION AND MOVED AS WE EXPECTED.  AS MARKET HAS MOVED FROM 5118 IN THIS MONTH AND IT HAS GIVEN SIZABLE MARGIN FOR SHORT TERM TRADERS, TODAY ALSO WE MAY SEE PROFIT BOOKING IN SELECTIVE STOCKS AND ROLL OVER TO PROSPECTIVE SECTORS. AS PEER MARKETS HAVE OPENED FLAT AND OUR NIFTY ALSO MAY OPEN FLAT TO NEGATIVE BIAS.  SINCE, TODAY'S US DATA IS EXPECTING POSITIVELY, AND OIL PRICES ARE WELL IN CONTROL, EUROPE AND US MARKETS MAY OPEN POSITIVE AND ACCORDINGLY, OUR NIFTY ALSO MAY GO FOR POSITIVE IN THE SECOND SESSION.

TODAY TRADERS CAN GO LONG WITH 5810 STOP LOSS FOR THE TARGET OF 5900/5940.

NIFTY SPOT LEVELS:
Pivot: 5895
Resistance: 5936/5979/6020
Support: 5850/5810/5768

NIFTY FnO BAN: NIL

STOCKS FOR THE DAY:
DELTACORP EQ: BUY > 69.50 TRG 72/75 SL 66.50
JSWSL EQ: BUY > 726 TRG 737/753 SL 709
HINDALCO EQ: BUY > 113 TRG 118 SL 110
RCOM EQ: BUY > 155 TRG 157 SL 152.50

24-09-13 MARKET:

MARKET TREND:

YESTERDAY MARKET IS SEQUEL OF BEFORE THE DAY SHOW.  SINCE SEP. DERIVATIVE SERIES IS GOING TO END BY 26TH, AND ROLLOVERS HAS TO CONTINUE, MARKET IS LIKELY TO CONTINUE ITS VOLATILITY   AT PRESENT NIFTY RANGE HAS BEEN SET BETWEEN 5700-6000 AND 5840 & 5730 ARE SUPPORTIVE AREAS, MARKET LIKELY TO MOVE ACCORDINGLY.

TODAY MARKET MAY OPEN WITH NEGATIVE BIAS IN LINE WITH PEER MARKETS.  DURING THE DAY WE MAY WITNESS VALUE BUYING AT SELECTIVE STOCKS AND BY THE END OF THE DAY MARKET MAY CLOSE FLAT TO NEGATIVE MARGINALLY.

NIFTY SPOT LEVELS:
Pivot: 5917
Resistance: 5962/6035/6080
Support: 5844/5799/5726

NIFTY FnO BAN: FINNANTECH

STOCKS FOR THE DAY:
POLARIS EQ: BUY > 115 TRG 118 SL 113.50
KALYANI STEEL EQ: BUY > 44 TRG 46 SL 43
GREAVES COTTON EQ: BUY > 57 TRG 59.50 

23-09-13 MARKET:

MARKET TREND:

MARKET WENT FOR CORRECTION IN RESPONSE TO THE RBI INTEREST RATE ANNOUNCEMENTS.   THE SAME ACTION WAS REPORTED BY US ON 19TH AND OUR CUSTOMERS ARE NOT AT LARGE FROM THE MARKET, AND HAS BEEN UTILIZED THE OPPORTUNITY.   TODAY MARKET ALSO WILL START NEGATIVE AND MAY CLOSE WITH NEGATIVE BIAS.   SINCE THIS WEEK IS THE NEAR MONTH DERIVATIVES SETTLEMENT WEEK, MARKET MAY WITNESS VOLATILITY AND SELL AT HIGHS.  TODAY MARKET RANGE COULD BE 5920-6050

NIFTY SPOT LEVELS:
Pivot: 6025
Resistance: 6118/6223/6316
Support: 5920/5827/5721

NIFTY FnO BAN: FINANTECH

STOCKS FOR THE DAY:
GMR INFRA EQ: BUY > 21.10 TRG 22.25 SL 20.30
HDFC EQ: SELL < 811 TRG 780 SL 839

20-09-13 MARKET:

MARKET TREND:

MARKET MAKES MANY SURPRISES.  YESTERDAYS BREAK IS ONE OF THE EVENT.   EVEN THOUGH MANY EXPECTED GAP UP OPENING, MANY MIGHT HAVE NOT EXPECTED SUSTAINING AT HIGH LEVEL.   IN RECENT DAYS MARKET IS REACTING AS, ONE  (1) NEWS IS NOTHING AND TWO (2) ARE TOO MUCH.   YESTERDAY ALSO FED + Rs SUPPORT  + POSITIVE EXPECTATIONS FROM Mr. RAJAN, NIFTY HAS BROKEN ALL HURDLES AND GIVEN POSITIVES.

AS TODAY MAJOR PEER MARKETS ON  HOLIDAY AND FIIs ARE USED TO SELL, WHEN EVER MARKET IS VERY STRONG TECHNICALLY, TODAY MARKET MAY WITNESS PROFIT BOOKING AT 6160 LEVEL AND IF THE RBI ANNOUNCEMENTS ARE BELOW THE EXPECTATIONS, MARKET MAY GO FOR PROFIT BOOKING, TO THE LEVEL OF WEEK OPENING OF 5930

NIFTY SPOT LEVELS:
Pivot: 6099
Resistance: 6159/6202/6261
Support:6056/5997/5954

NIFTY FnO BAN: FINANTEC

STOCKS FOR THE DAY:
HINDZINC EQ: BUY > 128 TRG 131 SL 126.50
GODREJIND EQ: BUY > 295 TRG 299 SL 289.50
BHARATFORGE EQ: SELL < 262 TRG 258 SL 268

19-09-13 MARKET:

MARKET TREND:

FROM LAST 7 DAYS NIFTY IS CLOSING ABOVE 200 DMA AND FORMED FLAG FORMATION.   TODAY'S FED NEWS LIKE HIGH WIND TO FLAG MOVEMENT.  MARKET LIKELY TO OPEN WITH HIGH NOTE AND MAY TEST THE 6000 LEVEL AND CLOSE IN GREEN BY END OF THE DAY.   SINCE, TOMORROW OUR RBI POLICY IS DUE, AND MAIN TASK WILL BE TO HOLD THE CASH FLOWS IN COUNTER TO FED POSITIVES, RBI MAY NOT REDUCE INTEREST RATES (OBVIOUSLY MAY INCREASE INT. RATE MARGINALLY).  BUT TO IMPROVE LOCAL CASH FLOWS AND GIVE LEVERAGE TO DOMESTIC LOANS, MAY REDUCE CRR.  

SINCE, TOMORROW EVENT IS IMPORTANT TO FIIs TO PROJECT THEIR INVESTMENT YIELDS, THEY MAY BE AT SELL SIDE WHICH MAY PUT PRESSURE ON OUR NIFTY AT HIGH LEVEL AND INCREASE VOLATILITY.

TODAY TRADERS CAN GO SHORT WITH 6020 STOP LOSS FOR THE TARGET OF 5880/5890

NIFTY SPOT LEVELS:
Pivot:  5885
Resistance: 5931/5962/6010
Support: 5854/5809/5777

NIFTY FnO BAN: FINANTECH

STOCKS FOR THE DAY:
DISHTV EQ: BUY > BUY 47 TRG 48.50 SL 46.40
IRB INFRA EQ: BUY > 76.25 TRG 78 SL 75
RELIANCE EQ: BUY > 867 TRG 876 SL 860

18-09-13 MARKET:

MARKET TREND:
YESTERDAY MARKET IS DAY OF CONSOLIDATION. TODAY ALSO MARKET MAY BE RANGE BOUND WITH POSITIVE BIAS.   MARKET MAY GET RESISTANCE AT 5890/5920.

NIFTY SPOT LEVELS:
Pivot: 5838
Resistance: 5870/5891/5923
Support: 5817/5785/5765

NIFTY FnO BAN: NIL

STOCKS FOR THE DAY:
HINDALCO EQ: BUY > 113 TRG 115 SL 112
RCOM EQ: BUY > 142 TRG 145 SL 140
SESAGAO EQ: BUY > 180 TRG 185 SL 176

17-09-13 MARKET:

MARKET TREND:

Yesterday our market was not supported by any factors like data, peer market, dollar etc.  Obviously market went for profit booking, without spoiling derivative OI levels.   But for the day Nifty closed with bearish candle.  Since, today also our peer markets have opened with flat note, and traders are likely wait for FED meeting,  our market also may open with flat note and start value buying at low levels. Yesterday Nifty high level and 5770 at lower side, may be kept as stop less and go for trade. 

NIFTY SPOT LEVELS:
Pivot: 5865
Resistance: 5932/6024/6091
Support: 5773/5706/5614

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
APOLLO TYRES EQ: BUY > 65.75 TRG 66.50/67 SL 64.50
INDIAINFO EQ: BUY > 39 TRG 40/41.75 SL 38
JSWSTEEL EQ: BUY > 654 TRG 675 SL 633

16-09-13 MARKET:

MARKET TREND:

TODAY ALL PEER MARKET INDICES ARE IN NORTH SIDE DIRECTION.  OUR MARKET ALSO LIKELY TO OPEN WITH POSITIVE AND MAY GET RESISTANCE 5970/5990.  SINCE, FRIDAY NIFTY CANDLE SHOWS BULLISH REVERSE CANDLE, ONE CAN GO FOR SHORT AT HIGH LEVEL WITH 6020 SL.   TODAY OUR WPI DATA SHOWS ALMOST FLAT, AND PETROL PRICE INCREASE MAY NOT SUPPORT SOME SECTORS, AND FIIs ARE AT LONG SIDE FROM LAST FEW SESSIONS, THEY MAY GO FOR PROFIT BOOKING.

NIFTY SPOT LEVELS:
Pivot: 5853
Resistance: 5882/5914/5944
Support: 5820/5791/5760

NIFTY FnO BAN:NIL

STOCKS FOR DAY:
GSPL EQ: BUY > 51 TRG 53 SL 50
SGJHL EQ: BUY > 61.50 TRG 64.50 SL 60
RELINFRA EQ: BUY > 383 TRG 395 SL 375

13-09-13 MARKET:

MARKET TREND:
YESTERDAY DURING TRADING HOURS, EUROPE'S DATA IS GIVEN MIXED AGAINST THE POSITIVE DATA.  SINCE PEER MARKETS ALSO IN RED, OUR MARKET HAS NOT PULLED BACK AS PER EXPECTATIONS.   SINCE OUR IIP DATA IS IN POSITIVE AND ALSO, LAST 2 DAYS PROFIT BOOKING HAS TAKEN PLACE, TODAY WE MAY WITNESS VALUE BUY IN SELECTIVE STRIPS.  AS TODAY IS LAST WORKING DAY FOR THE WEEK, MARKET MAY BE CLOSED FLAT.
YESTERDAY ALSO, SMALLER MARKET CAP STOCKS HAVE PERFORMED BETTER THAN LARGE CAP STOCKS AND LIKELY TO CONTINUE EVEN TODAY.
TODAY TRADERS CAN GO LONG IN NIFTY WITH 5800 SL FOR THE TARGET OF 5870.

NIFTY SPOT LEVELS:
Pivot: 5866
Resistance: 5917/5982/6032
Support: 5800/5750/5684

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
HONDA SEIL EQ : BUY > 345 TRG 377 SL 318
JINDAL PHOTO EQ: BUY > 93 TRG 100 SL 88
GSS INFO EQ: BUY > 33 TRG 38 SL 31
ADANIPOWER EQ: SELL < 36 TRG 34 SL 37.25

12-09-13 MARKET:

MARKET TREND:

YESTERDAY MARKET IS DAY OF CONSOLIDATION AND PARTIAL PROFIT BOOKING. STILL MR RAJAN'S - RBI NEWS ARE INFLUENCING THE MARKET AND BOOSTING BANK NIFTY AND TRADERS ARE SHIFTING MONEY TO WELL BEATEN SECTORS LIKE INFRA. TODAY AS MOST OF EUROPE DATA EXPECTING POSITIVE AND OUR IIP DATA ALSO WILL BE BETTER THAN PREVIOUS, SHORT TERM TRADERS MAY USE THIS POSITIVE NEWS AND MAY BOOK SOME MORE PROFITS AT EVERY HIGH AND OPEN FOR MARKET VOLATILITY.

TODAY MARKET MAY OPEN WITH POSITIVE NOTE AND MAY GET RESISTANCE @ 5950/5980 LEVEL AND CLOSE WITH POSITIVE AT THE END OF DAY.

NIFTY SPOT LEVELS:
Pivot: 5890
Resistance: 5947/5982/6040
Support: 5865/5798/5764

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
OPTOCIRCUITS EQ: BUY > 25.75 TRG 27.50 SL 24.75
RECL EQ: BUY > 194 TRG 198 SL 191
HDFC EQ: BUY > 818 TRG 824/834 SL 805
RELINFRA EQ: BUY > 375 TRG 384/388 SL 369

11-09-13 MARKET

MARKET TREND:

YESTERDAY MARKET'S TRUMPET VICTORY IS VICTORY OF NEWS DRIVEN MARKET.  IN ONE DAY CORPORATE WORLD NOT CHANGED MUCH. BUT SHARE MARKET GIVEN ITS CONCERN TO NEWS AND HOPES.  IN OUR MARKET RUPEE, TRADE BALANCE POSITIVES HAVE CONTRIBUTED MUCH TO THE WORLD SENTIMENT AND TAKEN THE BEARS TO TASK.  THIS KIND OF GAME CHANGERS CAN'T BE FILTERED BY TECHNICAL ADVISERS AND WILL BE FORCED TO GIVE  POOR PREDICTIONS. EVEN WE ARE NOT EXEMPTED FROM THE TREND REPORT, EVEN THOUGH OUR INDIVIDUAL STRIPS HAVE PERFORMED AS PER OUR EXPECTATIONS. THAT IS REASON ALL WAYS WE ADVISE TO TRADE WITH STRICT STOP LOSS.

TODAY OUR PEER MARKETS OPENED WITH NEGATIVE BIAS AND OUR SGX NIFTY ALSO JOINED THE GANG.  EVEN OUR MARKET ALSO MAY START WITH NEGATIVE BIAS AND GO FOR PROFIT BOOKING IN THE MORNING SESSION AND MAY CLOSE FLAT BY END OF DAY.  5850-5950 MAY BE RANGE FOR THE DAY.

NIFTY SPOT LEVELS:
Pivot: 5846
Resistance:  5955/6013/6122
Support: 5788/5680/5620

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
JIN DALSTEEL EQ: BUY > 237.50 TRG 242 SL 233
AJMERA EQ: BUY > 58.50 TRG 61.50 SL 57
SHRIRAMTRAN EQ: BUY > 553 TRG 585 SL 534
NMDC EQ: SELL < 120 TRG 117 SL 122.50

06-09-13 MARKET:

MARKET TREND:

Yesterday Market welcomed Mr Rajan - RBI New Governor with trumping open.  Even though Nifty has given 280 points within 2 days, Nifty positions are not convincing in Long side.  Still Nifty holding Shorts at higher side.  Yesterdays our PM speech @ G 20 summit indicates that, he knows, why Indian Economy is struggling and (US Tapering etc) what to do.   But he is just like "KARNA" in Mahabharata, even though he is capable, he is ill-fated and accompanied with bad people . Like that, even our PM was knowledgeable,  he could not do anything, because he was forced to leave all his weapons right from 2009.

As our Peer markets have opened flat and expecting poor data from Europe, and due to week end, our market also may close flat, after testing its yesterdays' highs.   Today market may get resistance 5630/5680 levels.

NIFTY SPOT LEVELS:
Pivot: 5590
Resistance: 5628/5664/5702
Support: 5555/5517/5480

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
RELIANCE EQ: BUY > 860 TRG 870/878 SL 852
HINDALCO EQ: BUY > 108 TRG 110/112 SL 106
OPTOCIRCUITS EQ: BUY > 24.75 TRG 25.75 SL 24
OBC EQ: SELL < 160 TRG 142 SL 164

05-09-13 MARKET:

MARKET TREND:

Yesterday, market has responded as per our present Thumb Rule of Buy @ Bad News (Indices) and Sell @ Good News.  Traders have taken advantage of Poor Technical Views and went for selective stocks buy.  Todays market will move against the opening and play volatile in line with peer markets.  As Nifty 5600-5700 shorts are in place, today's range may be between 5450-5650.

NIFTY SPOT LEVELS:
Pivot: 5409
Resistance: 5499/5550/5640
Support: 5357/5267/5216

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
TCI EQ: BUY > 46.50 TRG 47.50/48 SL 46
TATAGLOBAL EQ: BUY > 143 TRG 145.50 SL 141
TTK HEALTH EQ: BUY > 498 TRG 502 SL 494
GANESH HSG EQ: SELL < 48 TRG 45 SL 52.50

04-09-13 MARKET:

MARKET TREND:

Yesterday selling has come more heavily than expected.   We are able to see rush to sell and that is reason market has started selling below than its technical resistance of 5620.  Yesterday's market panic has left the NIfty at its one of the worst technical values. Now days we are witnessing the market movement against technical values (utmost), today also Nifty may get support @ 5280/5250 level.  Since, market sentiment is very weak, unless the market closes above 5500 levels, one should not go for positional trades.

NIFTY SPOT LEVELS:
Pivot: 5415
Support: 5248/5158/4990
Resistance: 5507/5672/5764

NIFTY FnO BAN: NIL

STOCKS FOR DAYS:
HEXAWARE EQ: BUY > 128.5/131 TRG 133.50 SL 128.5/126
HDFC BANK EQ: SELL < 574 TRG 550 SL 591
VOLTAS EQ: SELL < 66 TRG 62 SL 72.5

03-09-13 MARKET:

MARKET TREND:

Yesterday Market has given some more plus to Nifty.  All indices have been closed in Green.  But as we referred specific stocks have bought and sold very nice.   MnM is in red and Mnm Fin in green.  IT sector in Green Infy is red.  Energy sector in Green Tata power in red.  Bank indices is green SBI, HDFC Bank, Kotak are in red. Since Market is in upbeat in line with peer markets, even neglected HSBC's PMI data and Petrol price increase also.  As market is already is in Green for 4 days in row and technical are in advantage, Positional Traders may go for profit booking at higher levels. Nifty may get resistance @ 5620, even though it opens with positive bias.   We advise the traders to book profits at higher levels, but not to go for short.   Now Nifty range is between 5300-5700

NIFTY SPOT LEVELS:
Pivot: 5532
Resistance: 5584/5618/5670
Support: 5498/5445/5412

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
THINKSOFT EQ: BUY > 92 TRG 99 SL 86
HINDALCO EQ: BUY > 107.50 TRG 110.50 SL 105.80
IDEA EQ: SELL < 157 TRG 153/151 SL 162

02-09-13 MARKET REPORT:

MARKET TREND:

TODAY MARKET MAY SURPRISE WITH SELECTIVE STRIPS.   PEER MARKETS ARE IN UPBEAT AND OUR MARKET IS ALSO ON UPSIDE FROM LAST 3DAYS.   OUR GOVT. ACTIONS ARE BEEN WATCHING BY FIIs,PETROL HIKE MAY BE MINUS FOR US AND FIIs READ AS PLUS, AND PICK UP SELECTIVE STRIPS. AS MANY STOCKS ARE SELL AT HIGHS OR WITH NEGATIVE TECHNICALLY, ONLY VOLUME DRIVE CAN BE COMES IN THE WAY FOR POSITIVE CLOSING OF EACH STRIP.   WE ADVISE THE DAY TRADERS TO MAINTAIN STRICT STOP LOSS FOR EVERY TRADE.

TODAY MARKET MAY OPEN POSITIVE AND GO FOR VOLATILITY DEPEND ON HSBC MPI DATA AND CLOSE AROUND 5520

NIFTY SPOT LEVELS:
Pivot: 5442

Support:: 5390/5308/5257
Resistance: 5523/5575/5656

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
POLARIS FIN EQ: BUY > 117 TRG 120 SL 115
HINDZINC EQQ: BUY > 123 TRG 129 SL 117
RELOANCE EQ: BUY > 846/855 TRG 865 SL 834