NIFTY PERFORMANCE:
Nifty had relief rally by playing volatile, as we expressed in our morning note. Even though Asian Peers stood for support to Nifty, Europe Market could not encourage further. Bank Nifty recovered from it lows with the support of PSU institutions. Even Oil sector Indice also closed in green. Most of the stocks rebounded from its lows to the respective levels. Indian Vix gained so sharply to level (19.06) of July 10th and later cool downed and closed at 16.92 with 0.62pts gain.
STOCKS TO WATCH (POS/DAY BASED ON LEVELS GIVEN)
JINDAL STEEL: SELL < 134 TRG 130 SL 136
Actual: Low: 125.05; High: 133
CANARA BANK: SELL < 412 TRG 400 SL 419
Actual: low: 390; High: 412.80
IOB: SELL < 57 TRG 53 SL 59
Actual: Low: 53.20; High: 56.05
COALINDIA: BUY > 355 TRG 360,370 SL 344
Actual: Low: 359; High: 371.85
Stock Market repeatedly proved that; Lost Money can recover, if you have not Lost Your Heart. But Timely Action is much needed to Reserve Your Profits.
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