Sunday, September 22, 2013

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

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