07-10-14 DAY PERFORMANCE: MARKET IS DYNAMIC NOT STATIC>>>>>>>>>>

07-10-14 DAY PERFORMANCE:

As we mentioned in our Morning Note, market play volatile and dynamic.   It has hold at its support level (eod) of above 7850, even though HSBC Economic Data has given positive report.   Bears must be happy as Nifty closed below its 50 DMA (7900). This kind of action shows, that market is on Sell at High mood.  Till Infosys results comes on screen, market will sell at high.  As per Fibonacci levels Nifty may get support at 7805 and 7720 level.

DAY PERFORMANCE:

BUY: INFOSYS: BUY > 3810 TRG 3897 SL 3760

                            ACTUAL: LOW: 3769.90 HIGH:3892.05

          

           LICHSG: BUY > 326 TRG 332 SL 322

                             ACTUAL: LOW: 312 HIGH: 319.05 (NOT INITIATE TRADE)

SELL: POWERGRID:SELL < 136 TRG 134/133/ SL 138

                             ACTUAL: LOW: 135 HIGH: 137.90

            ACL: SELL < 211 TRG 209 SL 213

                      ACTUAL: LOW: 207.15 HIGH:  210.60