GOOD MORNING!
MARKETS YESTERDAY MOVED UP WITH STRONG NOTE, MARKETS NOT ONLY MOVED UP BUT ALSO POSTED STRONG VOLUMES WHICH INDICATES FURTHER UPMOVE. BUT WOULD STILL ADVICE TO STAY CAUTIOUS HEDGE YOUR POSITIONS WITH ATLEAST 20% OF YOUR CAPITAL. ALL THE GLOBAL MARKETS ARE ALSO FAVOURING THE MARKET, NOT TO FORGET THE SCENARIO OF INDIAN MARKET THEY WOULD CHANGE IN A MATTER OF HOURS AS WE ARE VERY NEAR TO THE ELECTION RESULTS SO IT IS GOING TO BE HIGHLY VOLATILE SO BE VERY VERY CAUTIOUS IN HOLDING POSITIONS.
FOR TODAY MARKET WOULD OPEN POSITIVE AND WOULD REMAIN IN POSITIVE ZONE. IF TRADED ABOVE 3717 THEN MAY TAKE THE INDEX TO 3740-3770 AND IF NIFTY BREACHES 3660 MAY SEE A DECLINE TILL 3620 DONT SHORT ANYTHING ABOVE 3550 MARKETS ARE LOOKING STRONG FOR NOW SO FOLLOW THE TREND.
BUY AXISBANK AROUND 662.80 SL 633 TGT 675/684
BUY BAJAJHIND AROUND 109.75 SL 108 TGT 114/119
BUY CESC ABOVE 254 SL 249.5 TGT 258.90/267.8
BUY FEDERAL BANK AT 178.50 SL 174.50 TGT 183/187
BUY HDFC ABOVE 1851 SL 1829 TGT1885/1896
BUY MARUTI ABOVE 867 SL 855 TGT 878/886
