NIFTY PERFORMANCE:
Today Nifty totally moved as we mentioned in our morning note and with in our radar range. Even though there is no any event or support, due to short coverage (we mentioned in our day note) Nifty got total pull back to the level of day high and closed with 20pts gain. We have to appreciate the strength of the market for which; it is getting support at 8350 repeatedly and closing above this level. Unless there is any sudden developments, market likely to sustain around 8400 level for some more days. Once Nifty forced to close below 8300 level (8290/8280) on EOD basis, Market will go in to the control of Bears.
STOCKS TO WATCH (POS/DAY BASED ON LEVELS GIVEN)
RPOWER: SELL < 74 TRG 71.80 SL 75.25
ACTUAL: LOW: 71.30 HIGH: 7340
YESBANK: SELL < 685 TRG 674 SL 692
ACTUAL: LOW: 670.40 HIGH: 683.50
JAICORP: SELL < 89.75 TRG 87.25 SL 91
ACTUAL: LOW: 86.35 HIGH: 89.15
BHARTIAIRTEL: BUY > 402 TRG 408 SL 399
ACTUAL: LOW: 393.95 HIGH: 405.00 (SL HIT)
We wish you all happy successful trades for Tomorrow,
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