GOOD MORNING!!!
MARKETS YESTERDAY BANGED BACK WITH VENGENCE THIS IS THE THIRD TIME MARKET TRIED TO BREAK INTO BEARISH PHASE AND COULD NOT WITH STAND THE POWER OF BULLS. MARKETS AS TOLD IS STRONG ON THE BOTTOM LINE SO ONE NEEDS TO BE VERY CAUTIOUS ON THE NEGATIVE SIDE TILL IT BREACHES THE CRUCIAL SUPPORT LEVELS ALL THE THREE TIMES IT BROKE THE CRUCIAL SUPPORT LEVELS BUT COULD NOT WITHSTAND IT FOR FURTHER WEAKNESS. BULLS WERE DOMINANT FOR THE PAST TWO MONTHS AND REMAIN TO BE DOMINANT AS PER THE MARKET MOVE.
TODAY MARKET WOULD REAMIN HIGHLY VOLATILE WITH POSITIVE BIAS. NIFTY IF CROSSES 4580 THEN IT WOULD HAVE RESISTANCE AT 4600 THEN AT 4640 NIFTY IF MANAGES TO CLOSE ABOVE 4600 THEN WE CAN EXPECT NIFTY TO MOVE TO 4800 IN A VERY SHORT SPAN OF TIME. ON THE DOWN SIDE IF NIFTY BREAKS 4516 AND TRADES THEN WE CAN SEE NIFTY SUPPORT AT 4440.
BUY BAJAJHIND ABOVE 199 SL 194.4 TGT 206/209
BUY LT ABOVE 1568 SL 1554 TGT 1589/1597
BUY TATAPOWER ABOVE 1140 SL 1129 TGT 1154/1168
