GOOD MORNING!
MARKETS YESTERDAY WERE VERY VERY IRRATIC AND BEHAVED LIKE NEVER BEFORE, ONE NEEDS TO BE VERY CAUTIOUS AT THIS JUNCTURE THOUGH THE MARKET OUTLOOK REMAINS STRONG BUT AFTER SUCH A HUGE RALLY ONE MUST OBSERVE THAT MARKETS MAY TAKE A MARGINAL CONSOLIDATION, AND IN THIS CONSOLIDATION PHASE MARKETS REMAIN EXTREEMLY VOLATILE. TRADE VERY CAUTIOUSLY WITH MINIMUM STOPLOSS AND TARGETS.
FOR TODAY NIFTY RESISTANCE AT 4350-4425-4490 AND SUPPORTS AT 4290-4211-4160. IT STOCKS REMAINS WEAK IN TODAYS MARKETS SO AVOID BUYING ANY IT STOCK.
BUY RELCAP ABOVE 909 SL 897 TGT 925/934
BUY ADLABS AROUND 260 SL 244 TGT 280/300/320 (BUY THIS WHEN MARKET SLIDES IN THE MORNING)
SELL AXIS BANK ABOVE 775 SL 784 TGT 760/750/740
SELL INFOSYS BELOW 1560 SL 1576 TGT 1540/1524
SELL CIPLA BELOW 230 SL 235 TGT 224/221/217
POSITIONAL BUY YUKEN(I) AT 62 AND JUST FORGET FOR 20 DAYS TGT 120/140/160
