GOOD MORNING!!!!
MARKETS ARE NOT GIVING UP AT ANY STAGE THOUGH THEY ARE IN OVER BOUGHT REGION. YESTERDAY EVEN AFTER BEING IN NEGATIVE SIDE FOR THE WHOLE DAY MARKETS WERE UP IN JUST MATTER OF MINUTES, SO ONE SHOULD STAY CAUTIOUS AND BE WITH THE TREND IF YOU ARE WITH THE TREND YOU ARE LIKELY TO BE THE WINNER DONT PRIDICT THE MARKET JUST GO WITH IT. MARKETS ARE LOOKING VERY BULLISH BUT ONE SHOULD STAY CAUTIOUS ABOUT THEIR HOLDINGS. DONT CARRY ANY SHORTS AS MARKETS ARE NOT GIVING ANY CHANCE FOR BEARS ONLY SHORT ANYTHING WHEN YOU GET CONFIRMATION OF CORRECTION. THERE ARE STILL FEW GOOD STOCKS WHICH ARE STILL VIRGINS SO BANK ON THEM TO REAP GOOD BENIFITS.
MARKETS TODAY WOULD OPEN ON A POSITIVE NOTE BUT WILL BE HIGHLY VOLATILE STAY VERY CAUTIOUS. NIFTY IF BREAKS 4550 THEN WILL TAKE IT TO 4600 AND ON THE DOWN SIDE IF IT BREACHES 4500 WILL SEE NIFTY TO SLIDE 4450 - 4430 IF NIFTY FALLS FURTHER AND CLOSES BELOW 4421 THEN ONE CAN RETAIN SHORT POSITIONALLY AND ON THE UPPER SIDE IF NIFTY CROSSESS 4600 AND CLOSES THEN CHANCES ARE BRIGHT NIFTY CAN MOVE UPTO 4800 WHICH IS UNSTOPPABLE. NIFTY RESISTANCE AT 4648 AND 4589 AND SUPPORTS AT 4459 AND 4388.
BUY MOSER BAER ABOVE 111 SL 107 TGT 116/120 **
BUY IFCI ABOVE 52.75 SL 51.40 TGT 60/65/72/80 (ONE CAN HOLD POSITIONALLY)
BUY FSL ABOVE 28.75 SL 27.70 TGT 30/34/40/45 (ONE CAN HOLD POSITIONALLY)
SELL RELINFRA BELOW 1245 SL 1258 TGT 1228/1221
SELL RANBAXY FUTURES BELOW 262 SL 266 TGT 257/253
SELL DLF BELOW 404 SL 411 TGT 394/387
** DO NOT HOLD PLOSTIONAL CALLS BELOW 4420 IN NIFTY
