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