GOOD MORNING!!!
TODAY VOLATALITY WOULD REMAIN IMMENSE. WE HAVE WITNESSED SELLING IN ALSMOST ALL THE COUNTERS IN THE LAST HALF AN HOUR OF TRADE WHICH CLEARLY IMPLIES THAT THERE WOULD BE SELLING SPREE CONTINUING EVEN TODAY ON THE PROFIT BOOKING SIDE AND THERE WOULD BE SOME BUYING AHEAD OF BUYUING TOO ONLY ON THE LEVELS MENTIONED BELOW. TODAY VOERALL MARKET LOOKS WEAK AND HIGHLY VOLATILE SO BE VERY CAUTIOUS. IF NIFTY TODAY TRADES BELOW 4345 THEN WE CAN SEE IT TO MOVE UPTO 4389 AND IF IT SUSTAINS THIS POINT AND TRADES ABOVE THEN CAN TAKE IT TO 4440 WHICH IS REMOTE AND IF NIFTY CLOSES ABOVE 4389 ONE CAN STAY LONG. AND IF NIFTY TRADES BELOW 4325 THEN IT IS EVIDENT THAT WE CAN SEE NIFTY AROUND 4315 AND IF IT SUSTAINS BELOW THIS LEVEL WE CAN SEE SOME MORE PANIC SELLING AND CLOSING BELOW 4260 LEVEL ONE CAN TAKE SHORT POSTIONS CLOSING ALL LONGS. BUT ON THE LONGS INFRASTURE, POWER, FERTILIZERS AND PSU ARE EXPECTED TO BE GOOD BETS.
BUY TATAPOWER ABOV E 193 SL 187 TGT 200/204/210
BUY ONGC ABOVE 1124 SL 1112 TGT 1140/1149/1162
SELL TATA MOTORS BELOW 296 SL 301 TGT 288/284/280
SELL BHEL BELOW 2160 SL 2176 TGT 2140/2132/2120
