Thursday, May 15, 2014

16-5-14 STOCKS Vs BUCKS

Do Not Think Terminal as CASINO, it is Holy Place to INVEST
MARKET TREND:
Yesterday Market got more consolidated and warmed up for Today.  FIIs have cleared their Index Positions both Longs & Shorts.   They sold 7330 longs and squared off 13758 shorts and generated 232 cash by adding 6428 contracts and improved OI 21088 contracts.  By are large they Sold 2745 cr and Bought Equities worth of 935 cr. 

Nifty has closed with Negative Divergence (RSI), which indicate sell at highs and likely to go for Profit Booking by end of the Day, unless there is Volume Break.

DUE TO HIPE IN MARKET LEVELS (Pivots) MAY NOT BE RESPECTED.

STOCKS TO WATCH:
HDFC, JINDAL POWER & STEEL (532286) & PRAJIND.

(KEEP WATCH ON RAJASTAN & PUNJAB, AAP POLARISATION MAY TURN TABLE)

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