11-12-14 DAY PERFORMANCE:

NIFTY PERFORMANCE: 

Total day Nifty played below the Pivot level of 8350.  As Asian Peers are volatile, our Nifty also followed the same.  But time being its taken support at 8270 level, with in the range of Highest PE open positions.  As media reporting, global markets are in worry about oil price drop and there by its economic growth.  Higher oil prices are very much needed for some countries like Russia and Middle East Countries to survive.  As there is substantial pressure even from US (US based co.'s crude production cost is more than present market price) for reasonable oil prices, it likely to get adjusted in coming weeks time.  Europe and US financial year ending pressure also one of the reason for profit booking (which our Fund managers forgotten from 2010).

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

LICHSG: BUY > 445 TRG 450/464 SL 437

                Actual: Low: 466.70; High: 460.10

 

HAVELLS: SELL < 321 TRG 296 SL 335

                   Actual: Low: 280.25; High: 304.80

 

INFY: SELL < 1969 TRG 1954 SL 1980
           Actual: Low: 1915.95; High: 1960

Let us hope for another Fantastic Friday.  Wish you all the best.