29-11-13 MARKET:

MARKET TREND:

YESTERDAY MARKET WAS CLOSED MORE POSITIVE THAN WE EXPECTED ALONG WITH DERIVATIVES PREMIUM OF (NEARLY) 1%. OVERALL ROLLOVER WAS TAKEN WITH MORE ZEAL. AS ANALYSTS ARE EXPECTING OUR GDP Nos. ARE GOING TO BE BETTER THAN PREVIOUS, TWO DAYS SELLING WAS STOPPED BY FIIs AND BOUGHT GOOD VOLUME OF EQUITIES & FUTURES. EVEN THOUGH YESTERDAY FIGURES ARE POSITIVE, MARKET OVERALL DIRECTION WAS NOT YET ESTABLISHED TO BULLISH.

IN LINE WITH SGX NIFTY, OUR NIFTY ALSO MAY START FLAT AND GO MAY WITNESS PROFIT BOOKING AT HIGHER LEVELS IN VIEW OF WEEK END.   MARKET RANGE IS EXPECTING BETWEEN 6045-6160 LEVELS. DAY TRADERS CAN GO SHORT AT 6140/6160 LEVEL WITH 6180 SL. FOR TARGET OF 6100.

NIFTY SPOT LEVELS:
Pivot: 6091
Resistance: 6114/6136/6158
Support: 6069/6046/6024

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
JINDAL STEEL EQ: BUY > 254.60 TRG 258 SL 251.75
SUNTV EQ: BUY > 370 TRG 375/380 SL 364
GODREJIND EQ:  BUY > 272 TRG 278 SL 267

28-11-13 MARKET:

NIFTY TREND:

YESTERDAY MARKET IS RANGE BOUND AND WITH NORMAL VOLATILITY. TODAY IS BEING DERIVATIVES EXPIRY, WE CAN EXPECT PROFIT BOOKING AT HIGHER SIDE BUT MARKET LIKELY TO CLOSE MARGINALLY HIGHER THAN PREVIOUS CLOSE.

TODAY NIFTY LIKELY TO OPEN WITH POSITIVE NOTE AND DAY TRADERS (WHO MISSED OPEN BUY) CAN GO SHORT @ 6120 (SPOT) LEVEL WITH 6150 SL FOR TARGET OF 6080/6040.

NIFTY SPOT LEVELS:
Pivot: 6053
Resistance: 6077/6098/6121
Support: 6033/6010/5990

NIFTY FnO BAN: IBREAL

STOCKS FOR DAY:
JAINIRRIGATION EQ: BUY > 69 TRG 70.65 SL 68.35
UCOBANK EQ: BUY > 73.30 TRG 75 SL 72.
RCOM EQ: BUY > 136 TRG 138 SL 134.75

27-11-13 MARKET:

MARKET TREND:

YESTERDAY MARKET WITNESSED PROFIT BOOKING OF LONGS AGAINST THE PREVIOUS DAYS SHORT COVERING. THIS KIND OF ACTION INDICATE RANGE BOUND MARKET AND TRADE FOR MARGINS FROM DERIVATIVE PREMIUMS (OPTIONS HEDGING). EVEN THOUGH ROLLOVERS ARE SEEMS TO BE GOOD, No. OF STRIPS VERY LOW WHICH IS DUE TO MID CAP SEGMENT.    SINCE TOMORROW IS BEING SETTLEMENT DAY, TODAY ALSO WE MAY WITNESS VOLATILE MARKET.  RSI INDICATOR POSITIVE CLOSING INDICATE, NIFTY MAY GET SUPPORT FROM LOWS.

TODAY NIFTY MAY OPEN NEGATIVE IN CONTINUE TO YESTERDAY  MOVEMENT, AND LIKELY TO GET SUPPORT AT 6000 LEVEL.  DAY TRADERS CAN GO LONG @ 6010/6000 WITH SL 5965.

NIFTY SPOT LEVELS:
Pivot: 6073
Support: 6033/6008/5968
Resistance: 6100/6140/6165

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
ADANI ENT EQ: SELL < 247 TRG 234 SL 255
JINDAL DRILLING EQ: BUY > 192 TRG 203/209 SL 185
PTC EQ: BUY > 59 TRG 61 SL 57.75

26-11-13 MARKET:

SHOULD HAVE GUTS TO WIN.....

MARKET TREND:

YESTERDAY, EVEN THOUGH NIFTY STARTED FLAT (9 PTS UP), WENT ON UPBEAT WITH THE SUPPORT OF TECHNICALS AND IRAN NEWS.  NIFTY HAS BEEN SHOOED TO 6124 AGAINST OUR EXPECTATION OF 6040.  THIS ALL HAPPEN WITH GOOD ROLLOVERS BY FIIs WHO HAVE BOUGHT MORE THAN 1300 CR. AND SHORT COVERING.  EUROPE POSITIVE OPENING ALSO SUPPORTED TRADERS TO BE ACTIVE. BANK NIFTY AND OIL INDICES HAVE BECOME BOOSTERS TO NIFTY.  THESE REMAINING 3 DAYS (DERIVATIVES EXPIRY) MARKET WILL BE VOLATILE AND DERIVATIVE PREMIUMS WILL BE AT STAKE UNLESS WE ARE SHREWD. 

TODAY MARKET MAY OPEN NEGATIVE WITH INFLUENCE OF PEER MARKET AND OUR SGX NIFTY. SINCE DERIVATIVES RANGE IS STILL IN BETWEEN 6000-6200, DAY TRADERS CAN GO LONG @ 6000 LEVEL WITH SL 5970.  PROFIT BOOKING SHOULD BE SAFE GUARDED WITH TRAILING SL TILL NIFTY CROSSES 6150 LEVELS.

NIFTY SPOT LEVELS:
Pivot: 6092
Resistance: 6147/6179/6235
Support: 6060/6004/5970

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
IDBI EQ: SELL < 64.50 TRG 62.50 SL 65.5
TATA ELEXI EQ: BUY > 247 TRG 252/258 SL 241
UCO BANK EQ: BUY > 73 TRG 74.25/76 SL 71.50
BHARATFORGE EQ: BUY > 289 TRG 293/299 SL 283

25-11-13 MARKET:

MARKET TREND:

THIS WEEK MOST OF DERIVATIVE PREMIUMS WILL BE NULLIFIED DUE TO EXPIRY OF SERIES.  NIFTY OI RANGE IS  IN BETWEEN 6000-6200 WHICH IS LOW THAN PREVIOUS CLOSE OF 6251. ALSO NIFTY HAS CLOSED BELOW 50DMA.   ARRIVING NIFTY CLOSING LEVEL IS IMPORTANT TO BOOK THE PROFITS.  SINCE FRIDAY CLOSING IS DOUBLE BOTTOM TO EARLIER WEEK LOWS, MONDAY OPENING AND CLOSING WILL DECIDE THE WEEK CLOSING, WHICH TRADERS GENERALLY WAIT.

TODAY PEER MARKETS HAVE OPENED POSITIVE NOTE AND TRADING WITH RANGE BOUND ALONG WITH OUR S&P CNX NIFTY OUR MARKETS ALSO LIKELY TO OPEN FLAT.  5960 LIKELY TO BE SUPPORT.  DAY TRADERS CAN GO LONG @ 6000 LEVEL WITH SL 5960 FOR TARGET OF 6040.

MARKET SPOT LEVELS:

Pivot: 6006
Resistance: 6039/6093/6118
Support: 5962/5929/5885

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
APOLLOTYRES EQ: BUY > 76.50 TRG 78 SL 75
RECDL EQ: BUY > 212.75 TRG 215/217 SL 210.75
ADANI ENT EQ: BUY > 244 TRG 247/251 SL 240
NMDC EQ: SELL < 129 TRG 125 SL 130.50

22-11-13 MARKET:

MARKET TREND:

YESTERDAY MARKET FALLEN TECHNICALLY WITH POOR SENTIMENT AND POOR FIGURES FROM CHINA.  NIFTY DERIVATIVES OPEN INTEREST RANGE HAS BEEN SHRINK BY INCREASING VOLATILITY.  SINCE 5950 LEVEL IS BECOME CRITICAL SUPPORT TO NIFTY, TRADERS MAY WAIT FOR THIS LEVEL OR TO BREAK THE RESISTANCE OF 6100.  

DUE TO POOR SENTIMENT TODAY MARKET MAY OPEN FLAT EVEN THOUGH PEER MARKETS TRADING IN GREEN AND WAIT FOR GUIDANCE FROM EUROPE MARKET. DAY TRADERS CAN GO SHORT @ 6030 LEVEL WITH SL 6070 FOR TARGET OF 6000/5990.

NIFTY SPOT LEVELS:
Pivot: 6027
Resistance: 6069/6139/6181
Support: 5957/5915/5845

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
INDIACEMTNT EQ: BUY > 58.50 TRG 61 SL 53.80
KIRLOSKAR OIL ENG EQ: BUY > 158 TRG 167 SL 151
PFC EQ: SELL < 147 TRG 140.50 SL 151

21-11-13 MARKET:

MARKET TREND:

YESTERDAY MARKET WAS REALLY PLAYED IN CROSS ROADS AND MOVED WITH MORE PRICE RANGE.  YESTERDAY NIFTY FORMED EVENING STAR BY ADDING NIFTY 5800 PE. THESE MOVEMENTS INDICATE SOME MORE DOWN TO NIFTY.  AS FIIs ARE USUALLY GOING LONG WHEN EVER MARKET SENTIMENT (TECHNICAL) IS WEAK, WE MAY WITNESS BUYING FROM NIFTY LOWER LEVELS.  

TODAY ALMOST ALL PEER MARKETS (EXCEPT NIKKEI) HAVE OPENED IN NEGATIVE, OUR NIFTY ALSO MAY OPEN WITH NEGATIVE NOTE.  DAY TRADERS CAN GO LONG 6050/6045 FOR TARGET OF 6080/6120 LEVEL WITH 5990 SL. SINCE SL IS MORE WIDER AND MARKET SENTIMENT IS WEAK,  TRADERS MAY TRADE WITH CE/PE TO MINIMISE COST.

NIFTY SPOT LEVELS:
Pivot: 6145
Resistance: 6182/6242/6280
Support: 6085/6047/5988

NIFTY FnO BAN: NIL

STOCKS FOR DAY: 
TECHMAH EQ: SELL < 1710 TRG 1658 SL 1740
ADANIPORTS EQ: BUY > 154 TRG 157/160 SL 151
COALINDIA EQ:  BUY > 271 TRG 276 SL 267
HINDALCO EQ: SELL < 122 TRG 119/117 SL 124

20-11-13 MARKET:

MARKET TREND:

YESTERDAY MARKET WAS DAY OF CONSOLIDATION WITH LOW VOLUMES.   JUNIOR NIFTY HAS NOT SUPPORTED MUCH TO GET THE VOLUMES. AS MANY EXPECTED NIFTY SPOT HAS NOT ABLE TO TOUCH 6220 AND PLAYED RANGE BOUND.   AS THE MOVEMENT RANGE WAS SHIRKED, VOLUME SUPPORT IS MUST TO BREAK THE RESISTANCE OF 6220.  IN A ONE WORD NIFTY IN CROSS ROADS.

TODAY PEER MARKETS & SGX NIFTY HAVE STARTED WITH NEGATIVE, OUR MARKET ALSO LIKELY TO START NEGATIVE AND MAY GET SUPPORT AT 6165/6160  DAY TRADERS CAN GO LONG AT 6165/6170 LEVEL WITH 6150 SL FOR TARGET OF 6215/6230.

NIFTY SPOT LEVELS:
Pivot: 6199
Resistance: 6217/6231/6250
Support: 6185/6165/6150

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
JINDALSTEEL EQ: BUY > 253 TRG 260 SL 248
HINDALCO EQ: BUY > 122.50 TRG 126/128 SL 120
HEXAWARE EQ: SELL < 118 TRG 112 S; 122.50

19-11-13 MARKET:

MARKET TREND:

YESTERDAY NIFTY HAS TAKEN UP MOVE WITH REASONABLE BREADTH.  AS WE SEE SHORTS BUILD UP IN VALUE STOCKS/DEFENSIVE STOCKS, MARKET MAY WITNESS SHORT COVERAGE AT LOWER LEVEL.  SINCE GAP FILLING AREA AT AROUND 6220, NIFTY MAY GET RESISTANCE AT THIS LEVEL.

TODAY MARKET MAY OPEN FLAT TO NEGATIVE WITH INFLUENCE OF PEER MARKETS.  DAY TRADERS CAN GO LONG WITH 6130 SL FOR TARGET OF 6200/6220.

NIFTY SPOT LEVELS:
Pivot: 6165
Resistance: 6220/6251/6307
Support: 6134/6079/6047

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
HINDALCO EQ : BUY > 117.50 TRG 121 SL 115
KOLTEPATIL EQ : BUY > 83 TRG 85 SL 81
LICHSGFIN EQ : BUY > 226 TRG 229 SL 224
INDIACEMENT EQ : BUY > 57.70 TRG 59.30 SL 56.40

18-11-13 MARKET:

MARKET TREND:

THURSDAY MARKET IS PULL BACK RALLY, BY HONORING TECHNICAL SUPPORT OF 50 DMA.  STILL WE CAN'T TAKE IT AS POSITIVE MOVE, TILL THE MARKET CLOSES ABOVE 6120 SUBSEQUENTLY FOR 2 DAYS.  AS INDIA MARKET USUALLY REACTING ON CASH FLOWS, AND OUR INDIAN GOVT. TRYING TO MOBILISE FUNDS THROUGH BOND MARKET, INVESTORS SENTIMENT WILL BE IN POSITIVE.  US $ WEAKNESS IS GOING TO BE ADDED ADVANTAGE FOR MICRO BALANCE OF INDIA.  SINCE, FOREIGNERS ARE RECEIVING BJP LED GOVT. AS POSITIVE, THESE ASSEMBLY ELECTIONS ALSO WILL INFLUENCE THE INVESTORS SENTIMENT. 

SINCE, SGX NIFTY ON PLUS ALONG WITH OTHER CHINA MARKETS, OUR NIFTY ALSO MAY OPEN POSITIVE.  SINCE MOVEMENT/DIRECTIONAL INDICATORS ARE IN NEGATIVE, MARKET MAY WITNESS LITTLE VOLATILE AND TRADERS CAN GO LONG @ 6100 LEVEL WITH 6045 SL FOR TARGET OF 6130/6160.

NIFTY SPOT LEVELS:
Pivot: 6045
Resistance: 6093/6130/6158
Support: 6027/5999/5962

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
PATEL ENG EQ: BUY > 43 TRG 45/46.50 SL 41.50
HINDALCO EQ: BUY > 115 TRG 116.50/118 SL 113.75
BHARATFORGE EQ: BUY > 298.75 TRG 303.50 SL 294.50
COALINDIA EQ: SELL < 276 TRG 269 SL 281

14-11-13 MARKET:

MARKET TREND:

YESTERDAY MARKET WAS INFLUENCED BY PEER MARKETS AND RUPEE VALUATION FEARS WENT ON OVERSOLD SITUATION.  BUT DERIVATIVE RANGE IS TACT AND MOVEMENT HAS BEEN IMPROVED, WHICH INDICATE THE NIFTY FALL IS LIMITED AND CAN GET INFLUENCED WITH ANY KIND OF SUPPORTING FACTORS. AS PEER MARKETS HAVE BEEN OPENED WITH POSITIVE BIAS OUR MARKET ALSO MAY OPEN WITH POSITIVE NOTE.   SINCE, MARKET SENTIMENT IS POOR, WE MAY WITNESS SELL AT HIGHS AND IN RESULT WE MAY SEE FLAT CLOSING.

TODAY NIFTY MAY OPEN ABOVE 6000 AND GET RESISTANCE @ 6070. TRADERS CAN WATCH SUPPORT LEVELS AND TRADE.

NIFTY SPOT LEVELS:
Pivot: 6001
Support: 5960/5930/5890
Resistance: 6030/6070/6100

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
VALECHAENG EQ: BUY > 32 TRG 34 S; 30.50
DELTACORP EQ: BUY > 84 TRG 87/89 SL 82
ANDHRA BANK EQ: SELL < 60 TRG 57.50 SL 62.50

13-11-13 MARKET:

MARKET TREND:

YESTERDAY MARKET WAS VOLATILE WITH PARTLY SHORTS COVERING. FIIs ARE LONG IN EQUITY AND OPTIONS SEGMENT AS THEIR TRADING STRATEGY. EXCEPT PHARMA ALL INDICES HAVE CLOSED IN RED.  YESTERDAY OUR CPI & IPP DATA IS BETTER THAN EARLIER DATA, BUT IT IS LOWER THAN EXPECTATIONS. THIS DATA WILL NOT BE HELPFUL AS TRIGGER TO NIFTY. SINCE PEER MARKETS HAVE CLOSED IN RED AND CONTINUING THEIR NEGATIVENESS IN TODAYS OPENING SESSION, OUR MARKET ALSO MAY OPEN WITH NEGATIVE BIAS. AS VOLATILITY INDEX IN POSITIVE OUR MARKET MAY BE VOLATILE TILL EUROPE MARKET OPENS.

AS NIFTY DERIVATIVES RANGE IS STILL IN TACT BETWEEN 6000-6300, NIFTY MAY WITNESS BUYING FROM ITS LOWS.   DAY TRADERS CAN GO LONG @ 6000 LEVEL WITH SL @ 5980. 

NIFTY SPOT LEVELS:
Pivot: 6046
Support: 5980/5950/5886
Resistance: 6080/6143/6180

NIFTY FnO BAN: NIL

STOCKS FOR DAY: 
BATAINDIA EQ: BUY > 932 TRG 976 SL 907
CANARABANK EQ: BUY > 255 TRG 266 SL 240
IBREA; EQ: BUY > 67 TRG 70 SL 66/64
RELINFRA EQ : SELL < 426 TRG 410 SL 435

12-11-13 MARKET:

MARKET TREND:

YESTERDAY POOR TECHNICALS HAVE PROMPT FOR NEGATIVE CLOSING.  BUT INVESTORS ARE RESPECTING THE VALUE STOCKS (SUCH AS TURN AROUND AND GOOD PERFORMANCE ON QTR AFTER QTR) AND PICKING SELECTIVE STOCKS.  TODAY WE MAY FEEL FLAT MARKET/CONSOLIDATION MARKET AS NIFTY FALLEN 5 DAYS CONTINUE. NIFTY MAY TRY TO TAKE SUPPORT AT 6050 LEVEL.   WE FEEL TRADERS CAN GO LONG WITH 6020/5970 SL.

NIFTY SPOT LEVELS:
Pivot: 6096
Resistance: 6124/6170/6198
Support: 6050/6022/5977

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
INDIACEMENT EQ: BUY > 55 TRG 61 SL 51
ZEE ENT EQ: BUY > 277 TRG 289 SL 269
IGL EQ: BUY > 280 TRG 287 SL 272

11-11-13 MARKET TREND:

OUT OF REACH TO SYSTEM. MAY NOT BE ABLE TO REPORT ON 11-11-13.

08-11-13 MARKET:

MARKET TREND:

OUR NIFTY PLAYED WELL VOLATILE AND CLOSED WITH MINUS, EVEN THOUGH, ALL EUROPE MARKETS GIVEN AWAY THEIR GAINS OF EARLIER DAY. OUR MARKET WITNESSED BOTTOM FISHING BY TRADERS.  AS DAY TRADERS SENTIMENT WILL BE INFLUENCED BY PEER MARKETS, OUR MARKET ALSO MAY OPEN WITH NEGATIVE BIAS. BUT DAY TRADERS CAN BUY FROM LOWS AROUND 6140/6120 LEVEL WITH STOP LOSS OF 6105/6080.  SINCE TODAY IS WEEK END AND UNCERTAINTY PREVAILED IN PEER MARKETS, MOST OF OUR TRADERS MAY NOT HOLD MUCH POSITIONS AND LIKELY TO BOOK PROFIT WITH LESSER MARGINS.  POSITIONAL TRADERS CAN TAKE 6300 CE WHEN EVER NIFTY PLAYING AROUND 6150/6100 LEVEL.

NIFTY SPOT LEVELS:
Pivot: 6219
Support: 6140/6118/6040
Resistance: 6257/6337/6365

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
HEXAWARE EQ: SELL < 133.50 TRG 132.50/131.50 SL 134.50
KTKBANK EQ: BUY >100 TRG 104 SL 97
TATA STEEL EQ: BUY > 342.50 TRG 353 SL 335

07-11-13 MARKET:

MARKET TREND:

YESTERDAY MARKET WAS MOVED AND CLOSED AS WE MENTIONED IN OUR REPORT.  SINCE EUROPE POSITIVE DATA IN POSITIVE ALL EUROPE WAS CLOSED IN GREEN. AS YESTERDAY TRADING VOLUMES ARE NOT MUCH TO SUPPORT ABSOLUTE BEARISH TREND. TODAY/COUPLE OF DAYS MARKET MAY BE RANGE  BOUND TILL THE SIZABLE SHORTS  BUILD UP IN THIS ATTEMPT NIFTY MAY TRY AGAIN THE RECENT HIGH.  

SINCE PEER MARKETS STARTED IN NEGATIVE BIAS OUR NIFTY ALSO MAY OPEN WITH FLAT/NEGATIVE BIAS AND LIKELY TO GET SUPPORT @ 6230 LEVEL. DAY TRADERS CAN GO LONG WITH 6190 SL AND YESTERDAYS HIGH MAY RESISTANCE FOR NIFTY.

NIFTY SPOT LEVELS:
Pivot: 6231
Resistance: 6254/6292/6315
Support: 6193/6170/6132

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
IDEA EQ: BUY > 168 TRG 171.50 SL 166
NTPC EQ: BUY > 150 TRG 155 SL 148
HINDALCO EQ: SELL < 116 TRG 114/112 SL 118

06-11-13 MARKET;

MARKET TREND:

YESTERDAY MARKET HAS MOVED AS PER OUR EXPECTATIONS.  NIFTY HAS CLOSED BELOW THE CHANNEL LINES WITH BEARISH CANDLE.  BUT WITH INFLUENCE OF POSITIVE NEWS LIKE CLEARANCE OF PENDING PROJECTS BY CENTRAL GOVT AND POSITIVE RATING BY CREDIT AGENCIES, MID CAP INDEX STOCKS HAVE SUSTAINED POSITIVE MOVEMENT. SINCE YESTERDAY IS 1ST NEGATIVE CANDLE AFTER MARKET TOUCHING RECENT HIGHS, TRADING POSITIONS WILL BE GET ADJUSTED AND IN RESULT TODAY NIFTY MAY MOVE NARROWLY. 

TILL EUROPE MARKET OPENS, MARKET MAY MOVE FLAT TO NEGATIVE BIAS AND WILL TAKE LEAD FROM EUROPE MARKET. MOSTLY MARKET WILL BE CLOSED FLAT TO NEGATIVE. SINCE FIIs ARE MOSTLY AT ARBITRAGE TRADE, (FIIS ARE BUYING WHEN EVER MARKET SENTIMENT IS WEAK AND SELLING WHEN EVER TECHNICALLY BETTER) DAILY TRADES MAY PREFER CE/PE TO LIMIT THEIR TRADING RISKS. NIFTY LIKELY TO GET RESISTANCE @ 6290 LEVEL.  TRADERS CAN GO SHORT WITH 6340 SL.  TILL THE NIFTY REACHES 6080/6120 LEVEL NIFTY WILL BE AT SELL AT HIGHS ONLY, UNLESS VOLUME BREAK COMES IN TO WAY.

NIFTY SPOT LEVELS:
Pivot: 6267
Resistance: 6291/6338/6351
Support: 6230/6205/6170

NIFTY FnO BAN: NIL

STOCKS FOR DAY: 
KOLTEPATIL EQ: BUY > 84.50 TRG 87.50/90 SL 82
ADANI ENT EQ: SELL < 200 TRG 194/188 SL 209 ( IF OPENS > 208 SELL < 222)
POWERGRID EQ: SELL < 96 TRG 94 SL 99
ACL EQ: SELL < 187 TRG 185 SL 189

05-11-13 MARKET:

MARKET TREND:

AT MURAT NIFTY SHINED AS GOOD AS DIWALI LIGHTS.  BUT IT COULD NOT CRACK ALL TIME HIGH.  SINCE MURAT TRADING DURATION IS LIMITED, WE CAN'T CONSIDER ANY TECHNICALS ON THESE GROUND.   IF WE CONSIDER FRIDAY TRADES, MARKET LOOKS LIKE SELL AT HIGHS.  NIFTY DERIVATIVES RANGE HAS BEEN WIDENED TO 6300 TO 6400. WHICH INDICATE MORE VOLATILITY. SINCE LAST WEEK NIFTY STOCKS (ONLY FEW CONTRIBUTED) PERFORMANCE IS NOT MUCH REMARKABLE, PROFIT BOOKING ALSO MAY BE LIMITED.

TODAY NIFTY LIKELY TO START WITH NEGATIVE BIAS IN LINE WITH PEER MARKET WHO ARE WAITING FOR THEIR CENTRAL BANK ANNOUNCEMENTS.  SINCE OUR TRADERS ARE IN  UPBEAT, ANY POSITIVE OPENING BY EUROPE WILL LEAD THE MARKET TO NEW HIGH.   DAY TRADERS CAN GO SHORT AT 6355/6360 LEVEL WITH 6380 SL 

NIFTY SPOT LEVELS:  
Pivot: 6309
Resistance: 6331/6355/6377
Support: 6285/6263/6240

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
RELINFRA EQ: BUY > 448 TRG 463 SL 438
PTC EQ: BUY > 57 TRG 58/59 SL 55.75
SAIL EQ: BUY > 61.15 TRG 62.50 SL 60.50
UBL EQ: SELL < 904.50 TRG 876 SL 922

DIWALI GREETINGS

WE WISH ALL OUR VISITORS AND CUSTOMERS TO HAVE GREAT TRADES IN THIS "SAMVAT 2070"

PUSHPA & RAMESH
MASTER OM HARIK

ROARINGSTOCKS

DHANAVARSHINI INVESTMENT SERVICES

# 9290679273 & 9885854321