GOOD MORNING!!!!
LAST TRADING SESSION WAS HIGHLY VOLATILE WITH KEY BENCHMARK INDICES CLOSING IN THE A LOOSING NOTE. STOCKS FROM SECTORS LIKE BANKING, REALITY AND AUTO WERE ON DECLINING FRONT THOUGH THE IMPROVED IIP NUMBERS COULDNT HELP THE MARKET TO SUSTAIN THE STRONG POSITIVE OPENING BREADTH OF THE DAY. MARKET ARE ON THE DECLINING FRONT BUT THE CORE TREND OF THE MARKET STILL REMAINS BULLISH. GLOBALLY THERE IS CONCERN ON THE BASE METAL PRICES WHICH HAVE GAINED ALMOST 10 TO 15% IN THE LAST ONE WEEK WHICH IS A CONCERN FOR MANUFACTURING INDUSTRY. MARKETS ARE SLOWLY ENTERING INTO A PHASE WHERE THERE WILL BE MORE BEARISHNESS TO COME. RELIANCE AND RNRL WILL BE VERY VOLATILE IN TODAYS TRADING SESSION AHEAD OF VERDICT ON GAS SHARING SO TRADE WITH STRICT STOPLOSS.
ONE HAS TO BE VERY CAUTIOUS IN TODAYS TRADING AS THE MARKETS ARE VERY NEAR TO THE SUPPORT LEVELS, IF NIFTY IN TODAYS TRADE BREAKS BELOW 4580 ONE CAN REMAIN IN SHORT WITH STOPLOSS AS 4650 ON A POSITIONAL BASIS. MARKETS WILL BE HIGHLY VOLATILE WITH NEGATIVE BIAS NIFTY ONCE BREACHES 4580 IT WILL REACH IMMEDIATELY TO 4530 THEN THE NEXT TARGET ON THE DOWN SIDE WOULD BE 4500 AND 4440. THERE ARE VERY LITTLE CHANCES OF UPMOVE BUT BULLS CAN CHARGE THE MARKET ONLY IF NIFTY CROSSES 4635 THEN THE TARGET WOULD BE 4677.
BUY TATA ELXSI LTD 149.15 SL 144 TGT 160/180/225 (CAN HOLD POSITIONALLY)
BUY STER ABOVE 720 SL 709 TGT 738/746
SELL SBI BELOW 1635 SL 1651 TGT 1610/1590
SELL DLF FUTRES BELOW 370 SL 376 TGT 356/344
POSITIONAL CALLS (IF YOU GET 15%-20% IN WEEK THEN PLEASE EXIT)
BUY NU TEK INDIA LTD 52.85 TGT 67
BUY BINANI CEMENT 56.20 TGT 71
BUY ANSAL PROPERTIES 63 TGT 79
BUY SYNDICATE 72.55 TGT 91
BUY IDEA CELLULAR 83.35 TGT 105
