08-1013 MARKET:

MARKET TREND:

YESTERDAY IS ANOTHER DAY OF CONSOLIDATION.  EUROPE AND US MARKETS HAVE GONE FOR PROFIT BOOKING ON VARIOUS REASONS LIKE CONTINUE OF US SHUTDOWN ETC.   BUT OUR NIFTY HAS RECOVERED FROM ITS LOWS (THAN EXPECTED) AND CLOSED VERY FLAT.   OUR RBI LIQUIDITY MEASURES HAS GIVEN BOOST TO EQUITY MARKET, EVEN THOUGH Rs. HAS FALLEN AGAINST USD.

TODAY MARKET LIKELY TO OPEN WITH POSITIVE NOTE WITH BANK NIFTY SUPPORT AND MAY LIKELY TO TEST 6000 LEVEL.  

NIFTY SPOT LEVELS:
Pivot: 5881
Resistance: 5939/5967/6023
Support: 5850/5795/5765

NIFTY FnO BAN: NIL

STOCKS TO WATCH FOR DAY:
HINDALCO, JSWSTEEL, APOLLOTYRES, IDFC, IRB,BANK NIFTY