14-11-14 DAY PERFORMANCE: Economy Strength Vs. Profit booking inevitability .....

NIFTY PERFORMANCE:

Economy related news has dominated the Market.  WPI and SBI Results have counter the prevailing bearishness and forced market to close with 32 pts plus, after playing volatility with in range of 8347- 8401.   Our Bank Nifty and overseas Economy related news, put the bears under confusion and forced to go for short coverage at end of this weekly session.  As we mentioned in our earlier notes, unless Nifty closes below 8280 Bears will not get grip over bulls.  In the same way unless Nifty closes above 8420 level on EOD basis, we have to be cautious at Market High.  At the present scenario  no one can rule out the Strength of our  Indian Market and same time profit booking also inevitable in view of over run of Nifty and Other indices.  

STOCKS PERFORMANCE:

FEDERAL BANK: SELL < 143 TRG 139 SL 147

                                ACTUAL: LOW: 139.30   HIGH: 144.90

MANIND: BUY > 76 TRG 81 SL 72

                  ACTUAL: LOW: 78.60   HIGH: 82.80

 

INDHUMEPIPE: BUY > 323 TRG 336/352 SL 307

                            ACTUAL: LOW:  333.45   HIGH: 346

No stocks to C/F