Wednesday, October 30, 2013

31-10-13 MARKET:

MARKET TREND:
YESTERDAY MARKET HAS MOVED AS PER OUR EXPECTATIONS, BUT IT HAS FORMED SHOOTING STAR BEARISH CANDLE.  THIS INDICATES SELL AT HIGHER LEVELS. ALSO AS TODAY IS THE NEAR MONTH SETTLEMENT DAY, WE MAY WITNESS VOLATILITY. 
TODAY MARKET MAY OPEN FLAT WITH NEGATIVE BIAS AND YESTERDAYS HIGH MAY ACT AS RESISTANCE TO NIFTY.

NIFTY SPOT LEVELS:
Pivot: 6248
Resistance: 6273/6294/6320
Support: 6226/6201/6180

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
DIVIS EQ: SELL < 981 TRG 963 SL 991
BATA EQ: SELL < 891 TRG 851 SL 923
DELTACORP EQ : BUY > 82 TRG 86.50/94 SL 75

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