Thursday, October 10, 2013

11-10-13 MARKET:

MARKET TREND:
YESTERDAY MARKET HAS WITNESSED ANOTHER CLASSIC MOVEMENT.  YESTERDAY MARKET THROUGHN TECHNICALLY CHALLENGE TO TRADERS.  YESTERDAY VOLUMES ARE LOW, RSI NEGATIVE DIVERGENCE AND VOLATILITY, TODAY MARKET EVENTS LIKE INFY RESULTS, MAJOR INDICES PERFORMANCE AND TODAY'S IPP DATA IS THE KEY CHALLENGES FOR THE MARKET. TODAY MARKET WINNERS SHOULD BE A ABSOLUTE KNOWLEDGE D OR LUCKY MAN.   TODAY MARKET MAY WITNESS DOUBLE COVERAGE OF SHORTS (WHICH MAY HELP FOR NEW HIGHS) OR CRACK DOWN TO GIVE HANDSOME PROFITS TO  SHORTS.

NIFTY SPOT LEVELS:
Pivot: 6012
Resistance: 6043/6066/6097
Support: 5869/5957/5935

NIFTY FnO BAN:NIL

STOCKS FOR DAY:
NMDC EQ: BUY > 130 TRG 133 SL 127.50
NATCOPHARMA EQ: BUY > 658 TRG 724 SL 631
NIITTECH EQ: BUY > 299 TRG 308 SL 292.50

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