ONE MORE DULL DAY

Dear Investors,

One more range bound flat day. Market is moving in a range 5800-6000

It looks like it is in a process of consolidation, but the question is , on which side it will break ? Apparently it looks like to be upward direction, Nifty is forming higher bottoms (Intra day) indicating consolidation in positive bias. Nifty has to sustain 5940 and cross 6090 to march towards new top. Break below 5940/5903 can take Nifty back to 5815/5880 levels.

No body can predict what way the ‘Pendulum’ will swing and when? It is difficult to ‘Time’ the markets; one has to watch with cautious optimism

For 21^st

PIVOT is at: 5944 (Pivot should be used to decide the direction of market and to use Targets and Stop loss)

R1 (First Resistance): 5988

R2 (Second Resistance) 6029

R3 (Third Resistance) 6073

S1 (First Support) 5903

S2 (Second support) 5859

S3 (Third Support) 5818

For Day Trade here are some stocks to go long

1)Hexaware @109

    Pivot is at: 108.10

    R1 is @112

    R2 is @ 114.70

    R3 is @ 118.60(Book profits)

    S1 is @ 105.40

    S2 is @ 101.30

    S3 is @ 98.70 (Stop loss)

2)Renuka Sugar @92.75

Pivote is @91.90

R1 is @94.50

R2 is @ 96.30

R3 is @98.10(Book profit)

S1 is @90.18

S2 is @87.60

S3 is @85.80(Stop loss)

3)Twilight Liteka Pharma@93.95

Pivot is @91.65

R1 is @97.30

R2 is @100.65

R3 is @106.10

S1 is @88.30

S2 is @82.85

S3 is @79.30

These are day trades. Can be converted in positional or swing trades depending on market direction

WATCH CAREFULLY

Thanks

Dr. Vasant Bele

Disclaimer: Views expressed are mine. Take your own investment decisions