08-12-14 DAY PERFORMANCE:

NIFTY PERFORMANCE:

As we mentioned in our morning note, Nifty acted as per its technical indication. But it have gone down more than we expected, which might be due to combined effect of positions square off and new shorts.   Even global indices of Europe and US are not supportive for the entire day. 

STOCKS TO WATCH (POS/DAY BASED ON LEVELS GIVEN)
RELCAP: SELL < 525 TRG 510 SL 533
                 Actual: Low:  512.20; High: 530.90

TCS: SELL < 2600 TRG 2550 SL 2628
          Actual: Low: 2505.50; High: 2587.75
 
LIBERTYSHOES: BUY > 263 TRG 265/268 SL 260
                             Actual: Low: 256; High: 267.15

SINTEX: BUY > 96 TRG 99/103 SL 94.50
               Actual: Low: 100.05; High: 104.80