NIFTY PERFORMANCE:
Today Nifty started positive and traveled with in our radar range of 8200-8280. It has not cared any much the Bangalore Bomb explode. As we mentioned, due to month end market moved volatile within the range. We saw some stock specific action particularly Metal Sector, based on 'Make In India' news driven by media and morning session support from our Asian Peers. In Second half, market could not get any support from Europe market, still it could hold almost 50% of day gains. As per media reports so far Central Govt. could use less than 30% of plan budget in key sectors, and now we/market may hope for productive spending in coming days.
STOCKS TO WATCH (POS/DAY BASED ON LEVELS GIVEN)
RECL: BUY > 332 TRG 340 SL 327
Actual: Low: 334.75; High: 341
EXIDE: BUY: 172 TRG 176/180 SL 170
Actual: Low: 176.20; High: 180.55
JSWHL: BUY > 926 TRG 937/944 SL 918
Actual: Low: 931.20; High: 951
NCC: SELL < 80 TRG 78/76 SL 81.50
Actual: Low: 79.35; High: 81.75
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