14-3-14 MARKET:

MARKET TREND:

Yesterday Market closed in line of our (most of analysts) expectation.    Daily Charts formed Doji (inverted cross). This Doji convey a sense of indecision or tug-of-war between buyers and sellers.  As most of us experience: only Stock Market Traders never feel as they are at wrong or done wrong things for their loss, buy they will blame luck or Market and go for Next Trade.   Till the last Paisa, they take as new experience and try to continue. This nature only, makes Stock Market more Dynamic, whether it is Over Bought or Over Sold Status  Who can match with this Dynamism only can survive.  As today WPI data going to be released and most of the analysts are expecting positive numbers, market sentiment is weaken (breadth is in negative & yesterday last hour sales) and long week end is ahead, volatility is inevitable and we advise to hold positions with Strict SL.

Today market may open with gap down (marginally) and likely to get support at 6460.   Day traders can go long with 6425 SL and may book profit at pivot levels (6500/6510).

NIFTY SPOT LEVELS:

Pivot: 6510

Resistance: 6544/6595/6630

Support: 6460/6425/6375

NFITY FnO BAN: NIL

STOCKS FOR DAY:

GMR INFRA EQ: SELL < 21.50 TRG 20.30/19.75 SL 22.40

KOLTEPATIL EQ: SELL < 91 TRG 88 SL 93

NBCC LTD EQ: BUY > 145 TRG 152/156 SL 141

RIIL EQ: SELL < 372.50 TRG 358 SL 382