30-01-2014 MARKET:

MARKET TREND:

MARKET IS IN CROSS ROADS.  OUR DOMESTIC RESULTS ARE GOOD, EUROPE & US ECONOMY TURNED BETTER THAN EARLIER. MOST OF COUNTRIES FEEL THE PRESENT STATUS IS ECONOMIC BOTTOM  ARE CONFIDENT ABOUT THEIR ECONOMY GROWTH FROM HERE, THEY STARTED CALIBRATION OF THEIR ECONOMIES.  US STARTED TAPERING BY INITIATING GRADUAL PULL BACK OF BUFFERS, WHICH THEY HAVE EXTENDED AT NEED OF THE ECONOMY.  THIS BECOME ISSUE FOR INVESTORS AND FINANCIAL / CORPORATE INSTITUTES.

IN OUR STOCKS MARKET WE ARE ARE OBSERVING : OVER SOLD OF HIGH BETA STOCKS ALONG WITH MONEY VOLUMES.  THIS INDICATE, DAY/POSITIONAL TRADERS AND HNIs ARE AT SELLING SIDE AND POSITIONAL / INSTITUTIONAL INVESTORS & PROMOTERS ARE HOLDING THEIR STAKES WITH POSITIVE HOPE.  THIS IS REASON TECHNICALLY WE SEE OVERSOLD IN VALUE INDICATORS AND DOWN SIDE IN MOVEMENT INDICATORS EVEN THOUGH VOLUME INDICATORS LIKE RSI IS NOT IN OVERSOLD RANGE.   AS MOST OF THE PEOPLE ARE NOT CONFIDENT ABOUT POSITIVE BUDGET (ECONOMY) AND THEY ARE EXPECTING POPULAR SCHEMES (DUE TO IN COMING ELECTIONS) AND STABILISED GOVT. IN DELHI,  MOST OF LONG TERM INVESTORS ARE IN FAVOR OF DEBIT MARKET AND TO ENJOYING GOVT. SIMULATIONS IN THIS SEGMENT.

TODAY MARKET MAY OPEN WITH NEGATIVE BIAS IN LINE WITH PEER MARKETS AND OUR SGX NIFTY.  THERE AFTER OUR DERIVATIVES SETTLEMENT WILL INVITE VOLATILITY.   SINCE FIIs ARE IN BUYING SIDE (AS THEY DO  NOT HAVE OPTION TO TAKE AWAY THEIR INVESTMENTS) NIFTY LIKELY TO CLOSE IN BULLISH TREND.   WE EXPECT NIFTY AFTER TESTING IT NEAR TIME LOW (6085) OR SUPPORT LINE (6070) LEVEL, NIFTY MAY CLOSE AROUND 6170. UNLESS NIFTY CLOSES > 6240/6250 FOR 2 DAYS AT LEAST, NIFTY CAN'T ESTABLISH ITS UPTREND:

NIFTY SPOT LEVELS:
Pivot: 6133
Support: 6096/6072/6035
Resistance: 6157/6194/6218

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
Movement play of NIFTY better option, or should go for average of holdings.