MARKETS HAVE RALLIED UP QUITE SIGNIFICANTLY AND NOW INDICIES HAVE EXHAUSTED AND ARE TRYING TO CONSOLIDATE. THIS PHASE OF THE MARKETS, INVESTORS NORMALLY TRY TO BOOK PROFITS. SO, WITH SOME PROFIT BOOKING MARKETS MAY COME DOWN A LITTLE, AS THE SENTIMENT IN THE MARKET REMAINS BULLISH EVERY DIP WILL BE USED AS BUYING OPPORTUNITY BY LONG TERM INVESTORS SO MARKET WOULD REMAIN HIGHLY VOLATILE UNLESS IT BREAKS CRUCIAL SUPPORTS. ONE HAS TO LOOK FOR STOCK SPECIFIC COUNTERS RATHER THAN BETTING IN THE INDICIES AT THIS JUNCTURE, THERE ARE FEW GOOD MEDIUM AND SMALL CAP STOCKS WHERE ONE NEEDS TO TARGET.
TODAY MARKETS WOULD REMAIN HIGHLY VOLATILE CRUCIAL SUPPORTS FOR NIFTY IS 4166 AND RESISTANCE AT 4380.
BUY PUNJLLOYD AT 184 SL 177.70 TGT 199
BUY SUZLON AROUND 92.75 SL 89 TGT 99
BUY RNRL 74.50 SL 72.30 TGT 79/81
BUY ADLABS ABOVE 328 SL 319 TGT 342/355**
SELL DLF FUTURES AT 352 SL 363 TGT 310
SELL SUNPHARMA AT 1313 SL 1305 TGT 1240
SELL SBI 1764 SL 1791 TGT 1710
