05-11-2014 DAY PERFORMANCE: Diplomatic performance with Sweet & Sour News....

MARKET MOMENT:

Nifty performance is very Diplomatic and Cool, with out having much Bang.    As Market News mixed with Sweet (Infra FDI regulations, Crude Price, Global Market Support, Interest rate cut by some Banks & Oil Prices) and Sour (HSBC PMI Oct Data, UK industrial growth & Banks NPA provisions) Nifty could not take any direction and moved with in range of Pivot to 1st Resistance Level, which we also mentioned in our morning note.  Regarding Stock Specifics we have mixed performance. Bank Nifty supported more than deserved.  As Market is on holiday for tomorrow, week end traders should be more vigilant on volumes and cash flows.

 

STOCKS FOR DAY:

PRAJIND: BUY > 65 TRG 67.50 SL 64

                  ACTUAL: LOW: 65.50 HIGH: 71.60

 

SUPRAJIT: BUY >120 TRG 124.50 SL 117.50

                   ACTUAL: LOW: 119 HIGH: 124.40

 

INDUSINDBANK: SELL < 712 TRG 701/693 SL 720 (PE ADVISABLE)

                                ACTUAL: LOW: 706 HIGH: 726

                                700pe : LOW: 7.45 HIGH: 11

 

HOEL: SELL < 58 TRG 55 SL 61

            ACTUAL: LOW: 50.60 HIGH: 58.50

 

TITAN: SELL < 386 TRG 377 SL 392 (PE ADVISABLE)

             ACTUAL: LOW:  374.30 HIGH: 387.75

             380 pe: LOW: 8.50 HIGH: 14.05

 

Wish You all Happy Holiday (Karthik Poornima & Gurunanak Jayanti).