GOOD MORNING!!!!
YESTERDAY WE HAVE WITNESSED A VERY HUGE GAP UP OPENING WHICH HAS REVERSED THE NEGATIVE EFFECT OF THE MARKET WHICH WAS CROPPING IN. AFTER YESTERDAYS MOVE NIFTY TURNED BACK TO ITS NORMAL BULLISH ZONE AND CONTINUE TO REMAIN STRONG TILL IT BREACHES THE CRUCIAL LEVELS, ONE IS ADVISED NOT TO SHORT ANYTHING IN THIS MARKET UNLESS IT BREAKES CRUTIAL SUPPORTS AND TRADES, WE HAVE SEEN IN THE LAST 2 WEEKS NIFTY HAS BROKEN CRUCIAL SUPPORTS AND THE VERY NEXT DAY IT HAS TURNED AGAIN BULLISH SO REMAIN CAUTIOUS ON THE SHORTER SIDE AS MARKET IS STRONG STRUCTURALLY.
MARKETS WOULD BE HIGHLY RANGE BOUND AS TODAY IS THE FINAL DAY OF EXPIRY OF THE CONTRACTS ONE HAS TO TRADE WITH VERY LOW VOLUMES AND WITH STRICT STOPLOSSES. TODAY NIFTY MAY FACE SUPPORT AT 4240-4220-4200-4180 AND RESISTANCE AT 4290-4330-4370-4400.
BUY RELINFRA ABOVE 1285 SL 1274 TGT 1300/1310
BUY MRPL ABOVE 76.50 SL 74.45 TGT 79/81
BUY BRFL ABOVE 229 SL 226 TGT 235/244
BUY STER FUTURES ABOVE 590 SL 583.90 TGT 600/605
BUY ARVIND MILLS ABOVE 32.50 SL 31.20 TG T 35/37
