Sunday, January 5, 2014

06-01-2014 MARKET:

MARKET TREND:
FRIDAY MARKET HAS BEEN BOOKED PROFIT ON SHORT TERM INVESTMENTS.  WEAK NOVEMBER PRODUCTION DATA ALSO CONTRIBUTED FOR PROFIT BOOKING.  THIS WEEK 10TH JAN.'S ECONOMIC DATA AND INFOSYS RESULTS ARE GOING TO BE LEAD TO MARKET BY EITHER WAY DIRECTION. 
TODAY MARKET LIKELY TO OPEN MINUS IN  LINE WITH PEER MARKET.   NIFTY LIKELY TO GET SUPPORT @ 6145 AND RESISTANCE COULD BE FRIDAY'S HIGH.

NIFTY SPOT LEVELS:
Pivot: 6201
Resistance: 6181/6150/6130
Support: 6231/6251/6281

NIFTY FnO BAN: APPOLOTYRES

STOCKS FOR DAY: 
PRAJ IND EQ: BUY > 47 TRG 47.75/48.50 SL 46
PATEL ENG EQ: BUY > 56 TRG 57.25/58.50 SL 54.75
UFLEX EQ: BUY > 82 TRG 83/84 SL 80.75

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