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