GOOD MORNING!
MARKETS IN THE LAST DAY WE HAVE WITNESSED SELLING WITH HEAVY VOLUMES . THE OPEN INTREST IN FEW STOCKS FUTURES HAVE SHED AND IF THIS CONTINUES FOR ANOTHER COUPLE OF DAYS THEN WE CAN WITNESS SOME GOOD AMOUNT OF SHORTS BUILT UP IN THE MARKET. GLOBAL MARKETS HAVE STARTED DECLINING AFTER A GOOD RALLY SO IF OUR MARKETS CONTINUOUS TO BLEED FOR ANOTHER COUPLE OF DAYS THEN THE GLOBAL SCINARIO WILL ADD FIRE TO THE FUEL.
FOR TODAY MARKET WOULD REMAIN HIGHLY VOLATILE WITH NEGATIVE BIAS. REMAIN SHORT IN NIFTY WITH STOPLOSS 3690. SUPPORT FOR NIFTY SEEN AT 3500-3460-3400 IF NIFTY BREACHES 3515 ONE CAN INITIATE FRESH SHORT IN THE MARKET AVERAGE SHORT POSITIONS.
BUY AXIS BANK ABOVE 618 SL 606 TGT 634
BUY SESAGOA ABOVE 135.50 SL 134 TGT 141/144
BUY JSWSTEEL ABOVE 416 SL 410 TGT 430/439
BUY BALRAMPUR CHINI ABOVE 78 SL 76.70 TGT 79.40/81
SELL SBI BELOW 1260 SL 1274 TGT 1242/1222
SELL SAIL BELOW 119 SL 122 TGT 116/112
SELL TATAMOTORS BELOW 257 SL 263 TGT 243/239
SELL DLF BELOW 250 SL 255 TGT 241/235
