Thursday, February 13, 2014

14-02-2014 MARKET:

MARKET TREND:
Yesterday Market  has been corrected more than expected and went on Minus. No short coverage has been witnessed even though FIIs are Long Side.  Since Derivatives range is intact between 6000-6200 and 6000 CE & PE have been added maximum, it indicate Nifty bottom may seen at 5980 level. 

Today Nifty may open with positive note in line with peer markets.   At volatility day traders can short at 6070/6090 level with yesterdays high of 6110.  Nifty can be covered or can go long at 5980 level with 5960 SL.
 
NIFTY SPOT LEVELS:
Pivot: 6029
Resistance: 6067/6132/6170
Support: 5963/5935/5860

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
UCOBANK EQ: SELL < 63.50 TRG 62/61.10 SL 64.35
SUNPHARMA EQ: BUY > 616 TRG 622 SL 609
SUPRAJIT ENG EQ: BUY > 53.90 TRG 55.70/57.75 SL 51.75
APOLLO TYRES EQ: BUY > 114.75 TRG 118/120 SL 112.50

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