EQUITY MARKET DAILY REPORT 10 JUN-2013

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INDEX ANALYSIS

NIFTY (5881) SENSEX (19429) Markets ended in red after choppy session. As R group was in news, market showed intense volatility. How ever Reliance also closed in negative territory. Pressure comes from almost all the sector except IT sector manages positive zone. Among 30 shares BSE pack 19 fell rest of them rose.

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TOP PICKS OF THE DAY

BPCL ( 378): stock is in uptrend may show 390, 400 level in coming days. As remain above 368. below 368 major support will be 352, 348. MARUTI (1549): Remain below 1595 stock may show strong correction, coming targets will be 1480, 1440. above 1595 no selling please stock will make a move up to 1650. NMDC (114): Stock is near to 52 week low, more weakness will be observed, next support level will be 101. RANBAXY (378): Selling opportunity on every rise near targets will be 320 300.

INDEX (FUTURE)

NIFTY (5898) yesterday we told you sell on rise, I hope you enjoyed our call. Now more selling side will be advisable, index may show 5850, 5800level remain below 5970. BANKNIFTY (12,229): Remain below 12,600 selling opportunity, banking sector is also in selling mode. We may see 11,500, 11,200 level in coming days.

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OPTIONS STRETEGY

6000 & 5900 calls are more active we may consider these are the major resistance level, while 5800 & 5700 put are showing fresh positions so it will act as a strong support level. As per the PUT CALL RATIO nifty may show higher level selling on coming days. SBIN 1900 puts & LT 1350 puts are showing fresh OI so we may consider some strong action in these stock.

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