AS SAID MARKETS ARE IN THE PHASE OF CONSOLIDATION AND REMAIN TO BE IN THIS PHASE FOR ANOTHER COUPLE OF DAYS TILL THE EXPIRY AND WE MAY SEE SOME SHARP MOVE EITHER ON UPSIDE OR DOWNSIDE. STRUCTURALLY MARKET LOOKS VERY BULLISH, SHORT ONLY THE COUNTERS WHICH ARE WEAK AND THAT TOO ONLY WHEN THE MARKETS BREACH CRUCIAL SUPPORT LEVELS.
TODAY MARKET WOULD REMAIN RANGE BOUND WITH NEGATIVE BIAS BUT SMALL AND MID CAP STOCKS ARE LOOKING GOOD. DO NOT CARRY LOT OF POSITIONS. BUYING ON DIPS IS ADVISABLE AS MARKETS ARE NOT LOOKING WEAK AT ALL. FOR TODAY IF MARKET BRECHES 4200 MAY HEAD TOWARDS 4160 THEN TO 4100 ELSE MARKET WOULD REMAIN RANGE BOUND AND HEAD TOWARDS 4300.
SELL PNB BELOW 659 SL 666 TGT 645
SELL ICICI BELOW 695 SL 706 TGT 682
SELL HDFC BELOW 2125 SL 2144 TGT 2092
BUY EVERYDAY ABOVE 33 SL 30 TGT 36-39
BUY IFCI ABOVE 46.50 SL 43 TGT 50
BUY RNRL ABOVE 76.50 SL 74.70 TGT 78.50/81.5
