28-11-14 DAY PERFORMANCE:

NIFTY PERFORMANCE:

We had another Fantastic Friday in a row.  Last Friday Nifty gained 77 pts and today gained 94 pts by throughout all Europe Peer indices' negative influence and Technical Resistances.   Crude made more positive impact and added strength to the Investors.  Most of the traders are hoping interest cut from RBI as inflation threats are thrown to distant in the view of Crude Rate, Cash Flows, US Unrest and our FM's encouragement/proposal to reduce interest rate.   RBI may try to take more time to reduce interest rates on same grounds, as all these are plus points for Indian Industry.

STOCKS TO WATCH (POS/DAY BASED ON LEVELS GIVEN) 

ABAN: SELL < 583 TRG 568 SL 594 (wait for Nifty trend reversal)

             ACTUAL: LOW: 545.10; HIGH: 578

UTTAMSTEEL: BUY > 70 TRG 72 SL 69

                          ACTUAL: LOW:  69.80; HIGH: 72

TATAGLOBAL: BUY > 158 trg  160/163.50 sl 156
                          ACTUAL: LOW: 159.75; HIGH: 163. 75

We wish you all Happy Week End.