GOOD MORNING!!!
LAST DAY WE HAVE WITNESSED A HIGHLY VOLATILE SESSION. INTRADAY VOLATALITY WAS IMMENSE. AFTER AN INTIAL SURGE IN THE MARKETS DUE TO FIRM GLOBAL QUES LAID OFF GAINS IN THE SECOND HALF OF THE SESSION. IT STOCKS DROPPED ON A RALLY IN RUPEE. THE MAJOR INDICES PLAYER SBI AND ICICI BANK IN BANKING SECTORY LED A SUDDEN FALL WITH SELL OFF IN THEM. DESPITE CORRECTION IN THE MARKET, MARKET DIDNT BECOME THAT WEAK TO GO FOR SHORTS. MARKETS MANAGED TO CLOSE SLIGHTLY ABOVE THE POINT OF SUPPORT. AFTER MARKET HOURS INDEX HEAVYWEIGHT RIL SURPRISED THE STREET WITH A LIBER 1:1 BONUS ANNOUNCEMENT.
TODAY MARKET WOULD BE RANGE BOUND WITH INITIAL UPMOVE AS LONG AS NIFTY REMAINS ABOVE 5020 IT IS LIKELY TO MAKE A JOURNEY TOWORDS NORTH AND DURING INTRADAY ONE CAN LOOK FOR A TARGET OF 5084 BREAK ABOVE 5090 WOULD TAKE NIFTY TO 5136 AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 4955 THEN ONE CAN LOOK FOR A TARGET OF 4872.
BUY BAJAJHIND SL 186.4 TGT 191/193.5/195BUY TITAN SL 1339 TGT 1385/1405
BUY IBREAL SL 275.4 TGT 283/287/290
BUY JSL SL 108 TGT 113.8/117.5/122
BUY MARUTI ONLY ABOVE 1555 SL 1539 TGT 1573/1600
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