Thursday, 15 May 2014

Broader outlook and stocks for May 15th, 2014


Nifty had a flat day, but FII's were still pumping money into market. Bought INR 1520.08 crs and DII Sold INR 410.01 crs

Shorterm Trend
I dont want to give any short term trend as we are geting near to major event and the move could be 200 to 400 points either way in a day. So better sit quite and take a call after the event. My higher target is 7300 and lower is 6700 and swing could be either side, but I feel before going to 6700 we could see 7300 after elections results.

Intraday Levels
We are going to see flat to positive opening. I stick to my yesterdays levels and  would like to buy above 7145 for 7160 and 7175 and below 7100 for 7085 and 7070. My plan B is to sell below 7135 if it comes below from higher levels of 7145 and also buy at 7045 for 7060 and 7075.

Top pics for the day are Asian Paint, JindalSteel, TataChem, Tatasteel, LICHSG, AdaniEnt, Abirlanova, ABAN and TechM for Buy/Sell and correct levels contact
vijaykumarrao.invest@gmail.com.

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