01-01-2014 MARKET:

HOPE WE WILL BE IN RACE

MARKET TREND:

YESTERDAY MARKET HAS GIVEN SOME MORE CONSOLIDATION WITH POSITIVE HOPE.  6280 BECOME SUPPORTIVE TO THE MARKET AND CAN HOPE FOR BETTER CLOSING IN COMING DAYS.   SINCE VOLUMES ARE LESSER THAN NORMAL, IN OB-SENSE OF FII TRADERS OF PEER MARKET HOLIDAYS.

 

TODAY MARKET LIKELY TO OPEN FLAT WITH POSITIVE NOTE AND LIKELY TO BE RANGE BOUND.   IN VIEW OF NEW YEAR MID CAP & SMALL CAP SCRIPS CAN BE ON BUYING SIDE ON HOLDING BASIS.

 

NIFTY SPOT LEVELS:

Pivot:  6303

Resistance: 6318/6333/6348

Support: 6288/6272/6258

NIFTY FnO BAN: APOLLOTYRES

STOCKS FOR DAY:

FRL EQ: BUY > 76.50 TRG 79.50 SL 74

RECL EQ: BUY > 218 TRG 224 SL 214

PFC EQ: BUY > 165 TRG 170 SL 161.50

31-12-13 MARKET:

MARKET TREND:

EVEN YESTERDAY MARKET MOVEMENT IS LETHARGIC, IT IS VERY STOCK SPECIFIC, SOME OF THE SHORTS HAS BEEN COVERED AND NEW SHORTS HAVE TAKEN PLACE IN SOME OTHER STOCKS. BUT TRADERS HAVE MOVED TO DEFENSIVE/VALUE STOCKS FROM THEIR HIGH BETA STOCKS AND PREPARED FOR ANY EVENT.  TODAY MARKET MAY TAKE BACK FROM ITS YESTERDAYS BEARISH CANDLE.  

TODAY MARKET MAY OPEN WITH POSITIVE NOTE AND LIKELY TO GET RESISTANCE AT 6370/6380 LEVEL AND CLOSE AROUND 6300 LEVEL.

NIFTY SPOT LEVELS:
Pivot: 6303
Resistance: 6332/6374/6403
Support: 6261/6231/6190

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
UFLEX EQ: BUY > 82 TRG 84.50 SL 79
BHARAT FORGE EQ:SELL < 325 TRG 320 SL 328
UPL EQ: SELL < 199 TRG 195/193 SL 202

30-12-13 MARKET:

MARKET TREND:

NIFTY PLAYING RANGE BOUND AFTER RECENT DERIVATIVES SERIES CLOSING. VOLUMES BECOME VERY THIN TO TAKE THE MARKET. SINCE MAJOR TRADERS/ INVESTORS  ARE AT THEIR HOLIDAYS CASH FLOWS ARE NOT SUPPORTIVE.  UNLESS NIFTY CLOSES ABOVE 6340, WE CAN NOT WITNESS ANY UPTREND AND EVEN NIFTY MAY TEST 6220/6200 LEVELS IN COMING DAYS.

IN LINE WITH PEER MARKETS, TODAY OUR MARKET ALSO MAY OPEN FLAT AND TRADE WITH MINIMUM VOLUMES.   MARKET MAY GET SUPPORT AT 6290 AND CLOSE WITH POSITIVE BIAS AT THE LEVELS OF 6320.

NIFTY SPOT LEVELS:
Pivot: 6309
Support: 6293/6273/6258
Resistance: 6329/6345/6365

NIFTY FnO BAN: NIL

STOCKS FOR DAY: 
BHARATFORGE EQ: SELL < 329 TRG 324 SL 333
HINDALCO EQ: BUY > 122 TRG 123/124 SL 121
UTTAM GALVA EQ: BUY > 71.50 TRG 74.50 SL 69

27-12-13 MARKET:

MARKET TREND:

YESTERDAY DERIVATIVES' SERIES HAS CLOSED IN POSITIVE.   MIDCAP PARTICIPATION IS BECOME SUPPORTIVE TO MARKET TO CLOSE IN GREEN, EVEN THOUGH THERE IS PROFIT BOOKING IN OVER BOUGHT STOCKS.   SOME THE SECTOR NEWS, POWER AND OIL DISTRIBUTION SECTOR  ALSO BECOME  ADVANTAGE TO CLOSE THE SERIES IN GREEN.   DERIVATIVES OI RANGE IS PUSHING VOLATILITY INDEX ALSO TO MORE BROADER RANGE.  SINCE TODAY IS WEEK END ALONG WITH QUARTER ENDING (AS PER SETTLEMENT), POSITIONAL TRADERS MAY SQUARE OFF THEIR POSITIONS AND KEEP OPEN FOR NEXT QUARTER WITCH IS GOING TO BE NEWS & RESULTS DRIVEN.

TODAY MARKET MAY OPEN WITH NEGATIVE BIAS TO NEUTRALISE EXCESS PREMIUM AND IN LINE WITH PEER MARKETS (SGX NIFTY TRADING @ MINUS). NIFTY LIKELY TO GET SUPPORT AT 6250/6260 LEVEL AND MAY CLOSE FLAT.

  

NIFTY SPOT LEVELS:
Pivot: 6280
Resistance: 6301/6323/6345
Support: 6257/6237/6214

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
RCOM EQ: SELL < 131 TRG 129/128 SL 132.50
JSW SL EQ: BUY > 997 TRG 1008 SL 986
CAIRN EQ: SELL < 321.50 TRG 318 SL 324

26-12-13 MARKET:

MARKET TREND:

ON 24TH MARKET WENT ON CONSOLIDATION AND KEPT OPEN THE MOVEMENT FOR THIS (DERIVATIVES SESSION ENDING) DAY.  ON 24TH NIFTY HAS LEFT POOR TECHNICALS WITH POOR VOLUMES AND MOVEMENT.   THIS SESSION IS BEING RANGE BOUND AFTER IT RECORDED NEW HIGH OF 6415, WE HAVE TO WATCH THE SESSION CLOSING EVENT.  WE FEEL NIFTY MAY CLOSE IN BETWEEN THE RANGE OF 6280-6320.

TODAY MARKET MAY OPEN FLAT AND CAN GET SUPPORT @ 6250 LEVEL.  DAY TRADERS CAN BET THEIR TRADES WITH 6230 SL FOR POSITIVE CLOSING OF SERIES.

NIFTY SPOT LEVELS:
Pivot: 6277
Resistance: 6293/6317/6332
Support: 6253/6237/6213

NIFTY FnO BAN: HDIL

STOCKS FOR DAY: 
SUPRAJIT ENG EQ: BUY > 51 TRG 53.75 SL 49.50
BHEL EQ: BUY > 171 TRG 174 SL 169.50
AUROPHARMA EQ: BUY > 396 TRG 408 SL 387
SHASUNPHARMA EQ: BUY > 85.00 TRG 88.75 SL 82.50

24-12-13 MARKET

 

HOPE SANTA WILL PULL OUR 'NIFTY' ALSO TO NEW HIGHS

MARKET TREND:

IN THE EVENT OF CHRISTMAS HOLIDAYS MOST OF THE TRADERS HAVE PAUSED THEIR ACTIVITIES AND SOME OF THE MAJOR MARKETS ARE BUSY IN THEIR FESTIVAL CELEBRATIONS.  AS ONLY ONE DAY AWAY FROM OUR NEAR DERIVATIVES SESSION, WE MAY WITNESS VOLATILITY.   THE CLOSING OF NIFTY IN OB-SENSE OF ACTIVE TRADERS, AND CONSIDERING NIFTY DERIVATIVES RANGE, NIFTY MAY CLOSE BETWEEN 6320- 6350 RANGE.

TODAY MARKET MAY OPEN FLAT AND WITNESS ANOTHER DAY OF CONSOLIDATION. DAY TRADERS CAN TRADE BETWEEN 6290-6360 LEVELS WITH THEIR MOMENTUM STRATEGY.

NIFTY SPOT LEVELS:
Pivot: 6290
Resistance: 6312/6340/6363
Support: 6260/6240/6210

NIFTY FnO BAN: HDIL, AUROPHARMA

STOCKS FOR DAY:
DEEWAN HOUSING EQ: BUY > 211 TRG 235 SL 199
APOLOTYRES EQ: BUY > 93.25 TRG 95/96.75 SL 91.50
KALYANI STEELS EQ: BUY > 56.50 TRG 58.50 SL 55

23-12-13 MARKET:

MARKET TREND:

FIIs ARE IN LONG IN DERIVATIVES AND EQUITY MARKET ON FRIDAY ALSO.   IT SEEMS THEY HAVE PARKED THEIR FUNDS IN INDIAN MARKET BEFORE THEY MOVE FOR CHRISTMAS AND NEW YEAR HOLIDAYS.   DERIVATIVES RANGE HAS BEEN SHRIEKED TO 6200-6300, WHICH IS RARE PHENOMENA BEFORE DERIVATIVE SERIES CLOSING DAYS.  

TODAY MARKET MAY OPEN WITH POSITIVE NOTE AND LIKELY TO GET PLAY BETWEEN 6350-6200 RANGE.  SINCE GOOD ROLL OVERS ARE IN CARD TRADERS CAN BE IN MOVEMENT STRATEGY WHICH DEMANDS MORE VOLUMES WITH LESS MARGINS.

 

NIFTY SPOT LEVELS:
Pivot: 6243
Resistance: 6315/6357/6429
Support: 6200/6128/6085

NIFTY FnO BAN: APOLLOTYRES, AURBINDO

STOCKS FOR DAY:
DELTACORP EQ: BUY > 101 TRG 103 SL 99

TATA COM EQ: BUY > 289 TRG 296/300 SL 281
BHARATFORGE EQ: SELL < 325 TRG 322/316 SL 330

20-12-13 MARKET:

MARKET TREND:

OVER JOYOUSLY/CAUTIOUSLY NIFTY REACTING TO THE POLICY MAKERS' NEWS.  TRADERS/INVESTORS SHOULD ANALYSE THE BENEFITS/THREATS THEY ARE GOING TO FACE OUT OF POLICY AND PROCEED IN THEIR ACTIONS.  ONCE, REALLY US ECONOMY GOING TO IMPROVE, THEIR $ GOING TO BE MORE STRONGER AND OUR EXPORT ORIENT PRODUCTS/SERVICES ARE LIKELY TO HAVE LESS ADVANTAGE.  ALSO AS ELECTIONS ARE NEARING, OBVIOUSLY OUR GOVT. LIKELY TO BOOST DEVELOPMENT ACTIVITIES ALONG WITH CHOPS TO MASS PUBLIC, OUR LOCAL CONSUMPTION WILL BE INCREASED. 

AS MOST OF OUR ANALYSTS ARE EXPECTING LESS EFFECT TO ECONOMY WITH FED TAPERING, MOST OF THE INDICES MAY GET REVALUED BY INVESTORS.   WITH THIS EFFECT, SOME OF THE INDICES LIKE IT, PHARMA SECTORS (WHICH ALMOST RECORDED 50% GROWTH IN THIS 2013) MAY WITNESS PROFIT BOOKING IN COMING DAYS AND CONSUMPTION BASED SECTORS & INFRA SECTORS CAN GET BOOST.   RECENT SEBI ACTION ALSO WILL IMPROVE MID CAP AND SMALL CAP STOCKS TURNOVER AND LIKELY TO ATTRACT MORE RETAILERS.  AS CORPORATE DEBITS ARE GOING TO MAJOR ISSUE, ONE SHOULD CONCENTRATE ON LESS DEBIT RATIO COMPANIES RATHER THAN FAMILIAR NAMES.

TODAY MARKET LIKELY TO OPEN WITH NEGATIVE BIAS WITH YESTERDAYS INFLUENCE AND IN  LINE WITH PEER MARKETS.  AS TODAY IS WEEK END, WE MAY WITNESS COVERAGE OF POSITIONS SHORTS/LONGS AND MARKET LIKELY CLOSE FLAT.   DAY TRADERS CAN GO LONG @  6140/6150 LEVEL WITH SL OF 6120.

NIFTY SPOT LEVELS:
Pivot: 6194
Resistance: 6237/6307/6350
Support: 6123/6080/6010

NIFTY FnO BAN: 
AURBINDO & APOLLOTYRES

STOCKS FOR DAY:
CAIRN EQ: SELL < 320 TRG 314 SL 325
HEXAWARE EQ: BUY > 121 TRG 124 SL 119
BHARATFORGE EQ: BUY > 320 TRG 332 SL 313

19-12-13 MARKET

MARKET TREND:

Yesterday Equity Market has got moral boosting by RBI action.  Even Bond premium has been increased abnormally, which resulted cash outflows (temporarily) and Rupee Depreciation.  Yesterday FIIs are net buyers in Equity and Index Futures by edging Options in double quantity.   This kind of action indicates that Nifty will be more volatile in coming trading days.  Even though derivatives range still is intact between 6000-6300,  expected volatility may break this levels and create new range.  In this view we advise day traders to participate in trade with Strict Stop Loss to minimise their trading cost.  Yesterday all Peer Indices have closed in Green by taking FED news as positive.

Today market may open Positively in continuation to yesterday boost and Peer Markets' support.    Yesterday closing may act as support for Nifty and close positive.   Day traders can follow Movement Strategy/Elbow Trades  and book profits at minimum levels.

NIFTY SPOT LEVELS:
Pivot: 6194
Resistance: 6259/6300/6365
Support: 6160/6088/6045

NIFTY FnO BAN: AURBINDO

STOCKS FOR DAY:
Adanipower EQ: Buy > 37.30 Trg 38.30/39 SL 36.50
Shasunpharma EQ: Buy > 86.50 Trg 89 SL 84
Ganesh Housing EQ: Buy > 77 Trg 85.50 SL 70

18-12-13 MARKET:

MARKET TREND

AHEAD OF RBI MID REVIEW TRADERS HAVE BECOME CAUTIOUS.  AS A RESULT OF CONTINUES FALL, MARKET WAS FORCED TO COVER UP THEIR POSITIONS TO TAKE NEUTRAL STAND, IN RESULT MARKET BREADTH HAS BEEN INCREASED IRRESPECTIVE OF NEGATIVE CLOSING.  FIIs ARE SELL SIDE IN DERIVATIVE SEGMENT AND PLUS IN EQUITY SEGMENT.  SINCE VALUE BUYING IS STILL IN CARDS, DERIVATIVES RANGE (6000-6300) WAS NOT DISTURBED. 

EVEN THOUGH MOST OF OUR BANKERS AND BROKERS ARE EXPECTING INTEREST INCREASE, RBI MAY BE CAUTIOUS IN THEIR ACTION (INT INCREASE) TO SAFE GUARD INDUSTRIAL GROWTH AND BOND YIELD, WHICH IS IMPORTANT TO MAINTAIN CONSISTENCY. ALSO NOW DAYS, RBI STARTED ARGUE WITH FIN. DEPT. AS INT. RATE TOOL MAY NOT BE MUCH USEFUL TO CURTAIN WPI/RATAIL INFLATION. THEY BELIEVE, INFLATION CAN BE CONTROL ONLY WITH PUBLIC DISTRIBUTION SYSTEM AND MANAGING SUPPLY/DEMAND OF GOODS.

TODAY MARKET MAY OPEN FLAT AND WAIT FOR TRIGGERS FROM RBI NEWS AND MOVEMENT OF EUROPE MARKETS, OUR MARKET MAY TRADE IN RANGE BOUND. 5980/5960 LIKELY TO BE SUPPORT AREA.

NIFTY SPOT LEVELS:
Pivot: 6154
Resistance: 6175/6212/6233
Support: 6115/6096/6060

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
OBC EQ: BUY > 208 TRG 212 SL 203
TVSMOTORS EQ: BUY > 56 TG 57.50 SL 54.50

17-12-13 MARKET

MARKET TREND:

YESTERDAY MARKET WAS RESPECTED NIFTY 50 DMA EVEN THOUGH WPI DATE IS IN NEGATIVE.  SURPRISINGLY MARKET BREADTH ALSO IMPROVED THAN PREVIOUS DAYS, IRRESPECTIVE OF MARKET RUMORS OF REPO RATE INCREASE IN THEIR MID REVIEW SCHEDULED ON 18TH DECEMBER.  BUT FIIs ARE AT SELL SIDE IN THEIR DERIVATIVES SEGMENT.   DERIVATIVES RANGE IS STILL INTACT, BETWEEN 6000-6300.  THESE ALL INDICATE TRADERS ARE PREPARED FOR SHORTS AT HIGHER SIDE. 

TODAY MARKET MAY OPEN WITH GAP UP IN LINE WITH OUR SGX NIFTY.  NO PEER MARKETS AND MEDIA NEWS ARE SEEMS TO BE SUPPORTIVE, MARKET MAY GO PROFIT BOOKING.  NIFTY MAY PLAY BETWEEN 6240 -6140.

NIFTY SPOT LEVELS:
Pivot: 6161
Resistance: 6176/6198/6214
Support: 6139/6124/6102

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
DELTA CORP EQ: BUY > 102 TRG 106 SL 98.50
INFY EQ: BUY > 3421 TRG 3488 SL 3382
APOLLO TYRES EQ; BUY > 8380 TRG 86.80 SL 81.75
BHARATFORGE EQ: BUY > 312 TRG 318 SL 307

13-12-13 MARKET

MARKET TREND:

YESTERDAY MARKET WAS MOVED IN LINE WITH MARKET TRIGGERS.   NIFTY HAS BROKEN ITS INTERIM SUPPORT OF 6220 AND WE CAN WATCH ITS NEXT SUPPORT LEVEL OF 6170. SINCE MARKET IS AT ITS LOWEST TECHNICAL VALUES (ONLY DAY TECHNICALS) AND MARKET IS SLIDING FROM LAST ONE WEEK, BOTTOM FISHING CAN BE WITNESSED AT 6160/6170 LEVELS.

TODAY MARKET MAY OPEN WITH GAP DOWN AND LIKELY TO GET SUPPORT @ 6160/6170 LEVELS. 

NIFTY SPOT LEVELS:
Pivot: 6251
Support: 6216/6195/6160
Resistance: 6272/6307/6329

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
ACL EQ: SELL < 183 TRG 180 SL 186
TATAPOWER EQ: BUY > 86 TRG 88/92 SL 82
ADITYABIRLA EQ: SELL < 1204 TRG 1170 SL 1227

12-12-13 MARKET:

MARKET TREND:

YESTERDAY NIFTY HAS RESPECTED IMPORTANT SUPPORT OF 6280 AND GIVEN GREEN CANDLE AFTER 6 DAYS.  STILL NO TECHNICALS ARE SUPPORTIVE TO TRADE WITH POSITIVE SENSE/SUPPORTIVE SIGNALS (CPI Nos. AND POLITICAL). EVEN THOUGH MARKET TREND LIKELY IN POSITIVE MODE TILL NIFTY BREAKS 6220 LEVELS, TRADERS SHOULD BE CAUTIOUS IN THEIR TRADES.

TODAY ALSO MARKET MAY OPEN WITH NEGATIVE BIAS WITH INFLUENCE OF PEER MARKETS, TRADERS CAN WATCH OF 6280 SUPPORT AND TRADE.

NIFTY SPOT LEVELS:
Pivot: 6305
Resistance: 6330/6351/6375
Support: 6283/6258/6236

NIFTY FnO BAN:NIL

STOCKS FOR DAY:
SUPRAJITENG EQ : BUY > 41 TRG 43/46 SL 39.75
CESC EQ: BUY > 411 TRG 415 SL 406
CANFINHOMES EQ: BUY > 152.50 TRG 154.75 SL 150
DISHTV EQ: BUY > 61 TRG 63 SL 59.75

11-12-13 MARKET:

MARKET TREND: 

DUE TO NEWS FLOWS, AFTER 4TH OF THIS MONTH, NIFTY OPENING EITHER GAP UP OR GAP DOWN.   FIIs ARE VERY ACTIVE IN TRADE AND TAKING ADVANTAGE OF MARKET. WITHOUT BREADTH MARKET, NIFTY VOLATILITY IS BEING INCREASED TO RANGE OF 6000-6500.   SINCE TRADES ARE TAKING BY BIG STAKES/STAKE HOLDERS RETAILERS SHOULD TRADE WITH STRICT STOP LOSS TO MINIMISE THEIR COST.

TODAY OUR MARKET ALSO MAY OPEN FLAT WITH NEGATIVE BIAS IN CONTINUATION TO YESTERDAY'S SLIDE AND IN LINE WITH TODAYS' PEER MARKETS OPENING.   BUT AT YESTERDAY LOWS (AROUND 6300) MARKET MAY GET SUPPORT AND LIKELY TO CLOSE IN POSITIVE. DAY TRADERS CAN GO LONG WITH 6280 SL.

NIFTY SPOT LEVELS:
Pivot: 6334
Support: 6306/6279/6251
Resistance: 6360/6390/6415

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
VOLTAS EQ: BUY > 121 TRG 127 SL 117
TCS EQ: BUY > 2059 TRG 2112 SL 2028
KAVERISEEDS EQ: BUY > 1575 TRG 1622/1670 SL 1570

10-12-13 MARKET:

MARKET TREND:

YESTERDAY MARKET GIVEN DOUBLE BONANJA TO BULLS.  FIIs ARE IN BUYING SIDE, BUT MARKET BREADTH IS IN NEGATIVE.   THIS INDICATE SELECTIVE PEOPLE AND SELECTIVE STRIPS ONLY TAKING THE MARKET TO NEW HIGHS, WHICH IS NOT GOOD FOR INVESTORS.

TODAY MARKET MAY OPEN WITH POSITIVE NOTE AND MOVE RANGE BOUND.  6445 MAY ACT AS RESISTANCE AND WITNESS THE PROFIT BOOKING AT HIGHER LEVELS.

NIFTY SPOT LEVELS:
Pivot: 6374
Resistance: 6404/6445/6475
Support: 6334/6304/6263

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
DLF EQ: BUY > 162.75 TRG 168 SL 159.50
SASKEN EQ; BUY > 156 TRG 159 SL 152
KPIT TECH EQ: BUY > 148 TRG 151.50 SL 146.50
ULTRATECH CEMENT EQ: BUY > 1920 TRG 1951 SL 1899

09-12-13 MARKET:

MARKET TREND:

BJP MINI FINALS VICTORY TAKES THE MARKET TO NEW HIGHS BY OVER WHELMING TRADERS. SINCE WE ARE GOING TO WITNESS EMOTIONAL TRADES ALONG WITH SHORT COVERAGE, TEMPORARILY NIFTY CAN SEE NEW HIGHS, EVEN TO 6500 LEVELS. SINCE IT IS EMOTIONAL/NEWS BASED MOVE, IT WILL BE SHORT LIVED.  

CONGRESS MAY GO FOR POPULAR SCHEMES, IN THESE 3 MONTHS IN ORDER TO WOO MASS PUBLIC, WHICH GENERALLY MAY NOT BE GOOD FOR ECONOMY.   ANY STEPS FROM THESE FUNDAMENTAL VIOLATIONS WILL BE TAKEN NEGATIVELY BY FIIS, WHO HAVE INVESTED MORE THAN 1 LAC CRORES IN THESE 2013.  AS WE WILL BE GOING TO WITNESS MORE SWING IN INDIAN MARKET, LONG TERMS INVESTORS SHOULD BE CAUTIOUS AND TRADERS SHOULD TRADE WITH STRICT STOP LOSS TO MINIMISE THEIR COST. 

TODAY MARKET MAY RESPECT TECHNICALS, AND DAY TRADERS SHOULD TRADE WITH MOVEMENT OF NIFTY WITH SL. ON POSITIONAL BASIS TRADERS CAN GO LONG IN 6300 PE AT 6500 LEVEL WITH 6550 SL 

NIFTY SPOT LEVELS:
Pivot: 6255
Resistance: 6280/6300/6325
Support: 6235/6210/6190

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
UCOBANK EQ: BUY > 77.75 TRG 81 SL 76
POWERGRID EQ: BUY > 98 TRG 100.50 SL 96.75
HINDALCO EQ : SELL < 122 TRG 119 SL 124

06-12-12 MARKET:

MARKET TREND:

YESTERDAY MARKET WAS REPLICA OF PUBLIC/INVESTORS SENTIMENT IN FAVOR OF OPINION POLLS.  FIIs WENT TO BUYING TAKEN THE NIFTY DERIVATIVES RANGE TO 6000-6500. OI RANGE INDICATE HIGHER VOLATILITY IN NEAR FUTURE.  POLITICAL NEWS/UNCERTAINTY ALSO WILL CONTRIBUTE THE  THE VOLATILITY.   TRADERS SHOULD BE MORE CAUTIOUS WITH THEIR SL AND BOOK PROFITS EVEN WITH LESSOR MARGINS.

IN LINE WITH PEER MARKET OUR MARKET ALSO MAY OPEN FLAT AND WITNESS PROFIT BOOKING OF YESTERDAYS LONGS.  NIFTY SPOT MAY GET RESISTANCE AT 6330 LEVEL.

 
NIFTY SPOT LEVELS:
Pivot: 6258
Resistance: 6284/6326/6352
Support: 6215/6189/6147

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
SOBHA DEV EQ: BUY > 347 TRG 355 SL 341
IRBINRA EQ: BUY > 97.75 TRG 100.50 SL 95.75
RELINFRA EQ: BUY > 437 TRG 443 SL 431.50