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