GOOD MORNING!!!
MARKETS ARE AT A STAGE OF NOT GIVING UP, ONE HAS TO LOOK AT MARKET VERY CAREFULLY AS THERE IS ONLY 100 TO 150 POINTS ON THE UPPER SIDE AND MUCH ON THE BOTTOM SIDE. TODAY ALL EYES WOULD BE ON THE IIP NUMBERS, IN TODAYS TRADE IIP NUMBERS WILL MATTER A LOT. IF IIP NUMBERS ARE SLIGHTLY NEGATIVE THEN IT IS A POSITIVE SIGN FOR THE MARKETS BUT IF THEY ARE NEGATIVE MORE THAN 1% THEN MARKET MAY REACT NEGATIVELY.
MARKETS TODAY MAY OPEN POSITIVE AND WOULD REMAIN TO BE POSITIVELY BIASED TILL THE IIP NUMBERS ARE DECLARED WITH HIGH VOLATALITY AND WOULD CONTINUE EVEN IF IIP NUMBERS ARE SLIGHTLY NEGATIVE BUT IF IIP NUMBERS ARE NEGATIVE THAN THE PREVIOUS OR NEGATIVE THAN EXPECTED IIP NUMBERS THEN MARKET IN NO CASE CAN BE POSITIVE AND FROM HERE WE CAN SEE SHARP DOWNSIDE AND CORRECTION THERE ON. IF NIFTY CROSSES 4670 AND TRADES THEN WE CAN SEE NIFTY AT 4713-4763 AND IF NIFTY BREACHES 4596 AND TRADES THEN WE CAN SEE NIFTY 4530-4504-4478.
BUY HDFC BANK ABOVE 1560 SL 1544 TGT 1610
BUY CHAMBAL ABOVE 71.75 SL 70.90 TGT 72.90/74
BUY ABAN FUT ABOVE 1035 SL 1009 TGT 1090/1120/1150**
BUY BAJAJ HINDUSTAN ABOVE 217 SL 215.35 TGT 224/230
SELL BPCL BELOW 429 SL 434 TGT 420/413
SELL ONGC BELOW 1118 SL 1131 TGT 1098/1076
FERTILIZERS AND SUGARS LOOKS BULLISH
