05-09-2014 DAY PERFORMANCE:

05-09-2014 DAY PERFORMANCE:

NIFTY MADE CONSOLIDATION STEP WITH SUPPORT OF SLOW VIX.  AS WE MENTIONING STILL THERE IS WEAKNESS PERSISTING WITH NIFTY.    AS WE OBSERVED EARLIER, STILL BULK DEALS ARE CONTINUING IN SELECTIVE STOCKS, AND WHICH SUBSTITUTING THE CASH OUT FLOW OF TRADE.   NIFTY BREAKING YESTERDAY'S LEVEL AND CLOSING IN MINUS ON 2ND DAY ALSO IS NOT A GOOD SIGN FOR BULLS. 

BY EXPECTING RANGE BOUND TRADE, TODAY WE COULD NOT GIVE ANY LEVELS.

DAY CALLS:

LONGS: IRB BUY > 254 TRG 258/262 SL 249

               ACTUAL: LOW: 257.10 HIGH: 267.40

               PENNARIND: BUY > 44.50 TRG 48.00 SL 43

               ACTUAL: LOW: 47.10 HIGH : 51.45 (COULD NOT INITIATE TRADE, DUE TO HIGH OPENING)

SHORTS: LITL: SELL < 8.20 TRG 7.75 SL 8.50

                ACTUAL: LOW: 7.55 HIGH 8.11

               RANBAXY: SELL < 657TRG 649 SL 665

               ACTUAL: LOW: 648 HIGH 660.40