15-01-2014 MARKET:

 

WISH YOU HAPPY PONGAL

MARKET TREND:

YESTERDAY MARKET PLAYED AS PER OUR EXPECTATIONS.   SINCE VOLUMES ARE VERY LOW COULD NOT TAKE THE DIRECTION.   UNLESS VOLUMES BREAK OR CLOSES ABOVE 6320 MARKET WILL BE IN THESE RANGE ONLY. TODAYS' WEEKLY DATA MAY BE A TRIGGER TO BREAK THE LEVELS OF 6200-6300.

TODAY MARKET LIKELY TO OPEN FLAT AND TAKE DIRECTION.  DAY TRADERS CAN GO SHORT AT HIGHER LEVEL WITH 6320 SL.

NIFTY SPOT LEVELS:
Pivot:  6252
Resistance: 6270/6298/6316
Support: 6220/6205/6180

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
SUBROS EQ: BUY > 29 TRG 30.50/31.25 SL 28
PATEL ENG EQ: BUY > 60.30 TRG 63 SL 58.75
COALINDIA EQ: SELL < 290 TRG 285 SL 294
HEXAWARE EQ: BUY > 143 TRG 146 SL 140