Monday, November 18, 2013

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

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