03-03-2014 MARKET:

MARKET TREND:

Friday Market has given good closing.   90% of Technical Indicators have given Positive sense along with Gap Filling which created on 27th Jan.  If today market opens above 6280, new trading range will be open and takes the Nifty to higher range.   As the Nifty likely to get resistance at 6280 level, NIfty may pull down to 6200/6220 level and gets consolidation.   As FIIs are habituated to en-cash (profit booking) when ever absolute Positive Technical views prevail and Europe/Ukraine unrest likely to give negative sentiment, we can expect the market consolidation/profit booking at this range. And also most of the companies have to clear their Debits like GDRs, Credit Limits etc stocks specific action can also witness in this March Month.

Today Market likely to open with Negative bias in line with Peer Markets and likely to close Flat.  Positional Traders can book profits partially or hold with SL

MARKET SPOT LEVELS:
Pivot: 6363
Resistance: 6297/6317/6352
Support: 6242/6208/6185

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
PTC INDIA EQ: BUY > 61 TRG 63.25 SL 60
APOLLO TYRES EQ: BUY > 131 TRG 134 SL 128.75
POLARIS EQ: SELL < 157 TRG 151 SL 161
MARUTI EQ: SELL < 1608 TRG 1561/1551 SL 1643