2-12-14 DAY PERFORMANCE:

NIFTY PERFORMANCE:

RBI policy became non event even after its maintained statuesque.    This indicate the prevailing bullishness in our markets.  Traders also (bulls & bears) could not take decisive action, as coverages became priority for them.  Global markets also given support to maintain or to hold the market at present level.   As some body (as per last 6 months history) says, unless Nifty get correct at least 100pts above in a day, only we can believe as market started giving up.  Any how technical levels also more vital to observe the support and resistance levels.

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

RELIANCE : SELL < 970 TRG 950/938 SL 884 (PE may be better option)

                Actual: Low: 958.35; High: 970.90 (yesterday levels to be break, to confirm  the selling pressure)

                            960PE: Low: 12.70; High: 18.55 (may hold till eq. price breaks 972)

CROMPTION: SELL < 189 TRG 184 SL 191

                         Actual: Low: 182.35; High: 190.70

 

NCC: SELL < 65 TRG 62.50 SL 67

            Actual: Low: 62.55; High: 65.15 (play tricky)

 

TITAN: BUY > 385 TRG 390/400 SL370

             Actual: Low: 384.10 High: 393

 

UFLEX: BUY > 168 TRG 170/172 SL 167 

              Actual: Low: 164; High: 169.40

 

We wish you all the best for tomorrows trades.