Wednesday, September 25, 2013

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

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