21-01-2014 MARKET:

MARKET TREND:

YESTERDAY MARKET  PLAYED AS PER THE MUSIC OF NEWS FLOWS.    WE HAVE WITNESSED CASH SHIFTING FROM PROFIT EARNED TO PROFIT EXPECTED STRIPS.   AS THE YESTERDAY VOLUMES ARE NOT ENOUGH TO FILL MATURITY LEVELS, WE CAN SEE SOME MORE ACCUMULATION AT PRESENT LEVEL.  TILL NIFTY CLOSES ABOVE 6340 LEVEL WE MAY WITNESS RANGE BOUND TRADES.  TODAY IF NIFTY NOT CLOSES ABOVE 6340/6350 LEVEL, NIFTY MAY EN-COUNTER  RESISTANCE AND PUT PATH FOR DOWNWARDS.

TODAY MARKET MAY OPEN WITH POSITIVE NOTE AND GET PLAY RANGE BOUND.   TODAY MARKET IS NOT A MARKET TO GO FOR SHORTS.   DAY TRADERS CAN WAIT FOR S1 LEVELS AND GO LONG FOR SMALLER MARGINS.

NIFTY SPOT LEVELS;

Pivot: 6285

Resistance: 6326/6350/6390

Support: 6262/6220/6198

NIFTY FnO BAN: NIL

STOCKS FOR DAY:

ITC EQ: BUY > 327 TRG 333 SL 323

NMDC EQ: SELL < 143.75 TRG 139 SL 146

WIPRO EQ: BUY > 568 TRG 583 SL 558

HEROMOTORS EQ: BUY > 2082 TRG 2102 SL 2065