MARKET YESTERDAY ON EXPIRY OPEN IN A WEAK NOTE WITH ASIAN MARKETS BUT REGAINED ITS STRENGTH, MARKET ENDED UP STRONGLY ON A POSITIVE NOTE WITH BANKING AND METALS DOING GREAT. AS FAR AS OTHER SECTORS ARE CONCERNED THEY ALL REMAINED IN HIGHLY CONSOLIDATION PHASE. MARKETS ON THE BROADER SENSE LOOKING VERY STRONG BUT MAY TAKE LITTLE CORRECTION AROUND 15000- 15500 LEVELS IN SENSEX AND 4500-4600 IN NIFTY.
TODAY MARKETS WILL FACE RESISTANCE AROUND 4400 LEVELS BUT IF IT MANAGES TO CROSS IT AND TRADE THEN CANNOT RULE OUT THE NIFTY MAY EVEN TOUCH 4450 IN TODAYS TRADE ITLSELF BUT ONE SHOULD REMAIN CAUTIOUS FROM THIS LEVEL ONWARDS AS 4500 BEING THE STRONG RESISTANCE. ON THE LOWER SIDE MARKET IS BEARISH ONLY BELOW 4180. TRY TO EXIT YOUR HOLDINGS WHEN NIFTY IS AROUND 4500 AND PLAY ONLY ON INTRADAY BASIS.
TODAY MARKETS WILL FACE RESISTANCE AROUND 4400 LEVELS BUT IF IT MANAGES TO CROSS IT AND TRADE THEN CANNOT RULE OUT THE NIFTY MAY EVEN TOUCH 4450 IN TODAYS TRADE ITLSELF BUT ONE SHOULD REMAIN CAUTIOUS FROM THIS LEVEL ONWARDS AS 4500 BEING THE STRONG RESISTANCE. ON THE LOWER SIDE MARKET IS BEARISH ONLY BELOW 4180. TRY TO EXIT YOUR HOLDINGS WHEN NIFTY IS AROUND 4500 AND PLAY ONLY ON INTRADAY BASIS.
BUY BHARTI AIRTEL ABOVE 793 SL 779 TGT 810/818
BUY RANBAXY FUTURES ABOVE 268 SL 264 TGT 274/279
BUY STER ABOVE 610 SL 599 TGT 624/632
BUY ARVIND MILLS ABOVE 32 SL 31.25 TGT 34.3/36.25
