Thursday, December 5, 2013

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

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