08-01-2014 MARKET:

MARKET TREND:

YESTERDAY MARKET RESPECTED ITS TECHNICALS AND TAKEN THE NIFTY TO ITS BELOW 50 SMA.   BUT IT RESPECTED ITS FIBONACCI LEVELS OF 6145.  SINCE NON OF THE TECHNICALS ARE SUPPORTIVE TO THE MARKET (EXCEPT ITS HOLDING AT 6145) TRADERS MAY TAKE ADVANTAGE OF MOVEMENT AND GO FOR SHORTS AT HIGHER LEVELS.   MARKET MAY GET RESISTANCE AT 6250 AND SEE 6000 LEVEL IN SHORT TERM.  

TODAY MARKET OPEN WITH POSITIVE NOTE AND GET RESISTANCE AT 6200 LEVEL AND MAY GO FOR NEGATIVE AND SUPPORT AT YESTERDAY LEVEL.

NIFTY SPOT LEVELS:
Pivot: 6176
Resistance: 6208/6253/6284
Support: 6130/60986054

NIFTY FnO BAN: APOLLOTYRES

STOCKS FOR DAY:
SINTEX EQ: BUY > 39 TRG 41 SL 38
DABUR EQ: BUY > 172 TRG 174 SL 170
BHEL EQ: BUY > 166 TRG 169/172 SL 162.50

APOLLOTYRES EQ: SELL < 110 TRG 108/104 SL 114