Thursday, December 12, 2013

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

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