GOOD MORNING!!!
MARKETS ON FRIDAY WERE REALLY VERY VIOLENT AND VOLATALITY WAS IMMESE, THE MARKET BREADTH WAS NEGTIVE ALMOST FOR THE ENTIRE DAY THOUGH MARKETS OPENED POSITIVE INITIALLY COULD NOT SUSTAIN AND WAS IN RED FOR ALMOST ENTIRE DAY AND MARKET RECOVERED AND TURNED POSITVE IN JUST A MATTER OF 5 MIN OF TRADE AND TURNED VERY BULLISH WITH A SERIES OF MEASURES BY THE MARKET REGULATORS TO ATTRACT INVESTORS AND BOOST CONFIDENCE IN THE STOCK MARKET THIS NEWS IN THE MARKET HAS LED THE INDEX TO A VERY POSITIVE ZONE FOR THE CLOSING. AFTER A VERY POSITIVE MOVE OF 14 WEEKS IN THE INDIAN MAREKTS, MARKETS HAVE LOST 716 POINTS IN SENSEX AND 269.80 POINTS IN NIFTY FOR THE FIRST TIME AT THE WEEK END. ON THE LAST TRADING DAY WE HAVE SEEN INDEX HEAVY WEIGHTS LIKE RELIANCE INDUSTRIES, LT, BHEL AND DLF HAVE MOVED QUITE A LOT ON THE POSTIVE NEWS IN THE MARKET BY MARKET REGULATORS. RELIANCE INDUSTRIES AFTER A CONTINUAL DOWNSIDE RALLY FOR ABOUT 4 DAYS HAS RECOVERED WITH HUGE VOLUMES. SECTORS LIKE METALS, CAPITAL GOODS AND REALITY STOCKS HAVE SURGED LEAVING A POSITIVE IMPACT IN THE MARKET IN THE LAST 45 MINUTES OF TRADE AND HAS CHANGED THE COMPLETE VIEW OF MARKET TO A POSITIVE MOOD FROM A VERY NEGATIVE VIEW.
MARKETS REMAIN HIGHLY VOLATILE WITH SOME SHORT COVERINGS TO TAKE PLACE IN EARLY TRADE WE CAN SEE NIFTY HIGHLY VOLATILE FOR THIS ENTIRE WEEK AS THERE IS SETLEMENT AND WE EXPECT NIFTY TO RANGE ALMOST 100 POINTS SWING EVERYDAY FOR THIS WEEK AHEAD OF EXPIRY AND EXCLUSION OF 50 STOCKS FROM FUTURES AND OPTIONS. TODAY WE SEE ON THE POSITIVE SIDE NIFTY IF TRADES ABOVE 4364 THEN WE CAN SEE NIFTY TO FACE RESISTANCE AT 4448 AND ON THE LOWER SIDE IF NIFTY BREACHES 4300 THEN WE SEE NIFTY TO IMMEDIATELY TOUCH 4215 LEVELS AND THEN TO 4146. WE WOULD ADVICE YOU TO STAY CATIOUS IN THE MARKET AS ONE CANNOT RULE OUT SOME MORE CORRECTION IN THE MARKET, TRADE WITH STRICT STOPLOSS AND AVOID HOLDING ANY STOCKS BELOW 4350 LEVELS.
BUY BHARTI ABOVE 804 SL 794 TGT 819/827
BUY BIOCON ABOVE 207 SL 201.40 TGT 222/228
BUY DLF ABOVE 330 SL 323.90 TGT 340/356/370
BUY SUZLON ABOVE 112 SL 108.80 TGT 117/121/127
BUY LT ABOVE 1495 SL 1479 TGT 1550/1596
BUY BHEL ABOVE 2095 SL 2069 TGT 2133/2170/2210
