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