WE HAVE SEEN SOME GOOD MOVE IN THE GLOBAL MARKETS LAST DAY AND ALL THE ASIAN MARKETS MOVED UP IN THE MORNING THIS MAY PUT A PAUSE TO OUR JUST TURNED NEGATIVE MARKETS, TODAY MARKETS SEEM TO GO UP WITH THE NEWS OF GLOBAL MARKETS. ONE SHOULD REMAIN VERY CAUTIOUS IN THIS MARKET AS THE SETTLEMENT IS TOMORROW WE MAY SEE SOME STOCK SPECIFIC MOVES AND MARKET MAY BE VERY VIOLENT.
YESTERDAY WE HAVE SEEN NIFTY BREAKING DOWN THE CRUCIAL SUPPORT ONE CAN REMAIN SHORT ON THE LONG TERM BASIS KEEPING A STOPLOSS OF 4265 ON NIFTY AND ON INTRADAY BASIS IF NIFTY BRAKES 4140 THEN WE CAN SEE NIFTY TO TOUCH 4190 IN INTRADAY DONT UNWIND SHORT POSITIONS TILL 4265 IS BREACHED. ON THE DOWNSIDE ONE CAN SEE NIFTY TO TOUCH 4000 LEVELS IF IT BREAKS 4090. FOR TODAY NIFTY LEVELS ARE R2-4314 R1-4214.13 PIVOT 4152.07 S1-4052.18, S2 -3990.12.
BUY HEROHONDA ABOVE 1348 SL 1335 TGT 1369/1380
BUY INFOSYS ABOVE 1545SL 1539 TGT 1565/1585
BUY RELINFRA 1132 SL 1120 TGT 1148/1159
BUY HDIL ABOVE 265 SL 259 TGT 271/277/281
SELL ADLABS ONLY BELOW 315 SL 321 TGT 306/301
SELL EVERONN BELOW 327 SL 331 TGT 321/316
