GOOD MORNING!!!
THE KEY BENCHMARK INDICES ON TUESDAY RECOVERED MARGINALLY WITH THE HIGHER EUROPEAN STOCKS AND US INDEX FUTURES. HOWEVER, THE MARKET BREADTH INDICATING THE OVERALL HEALTH OF THE MARKET IS WEAK. WE HAVE SEEN A HIGHLY VOLATILE SESSION ON THE LAST TRADING DAY, WHICH WAS PARTLY A RELAXED SESSION AFTER A LONG NEGATIVE DAY. ONE SHOULD NOT BE SURPRISED IF MARKETS COME DOWN BY ANOTHER 400 POINTS FROM HERE ON. WE WOULD ADVISE ALL THE INVESTORS TO STAY CAUTIOUS AND GO LONG ONLY WHEN IT CROSSES THE LEVELS MENTIONED IN THIS BLOG.
TODAY MARKET LOOKS WEAK, WE CAN SEE A NEGATIVE OPENING AND THERE ARE HARDLY ANY CHANCES OF REBOUND IN THE MARKET. IF NIFTY CROSSES ABOVE 4229 THEN WE CAN EXPECT NIFTY TO GO UP TO 4282 AND IF NIFTY BREACHES 4160 THEN WE CAN SEE NIFTY AT 4128 AND IF NIFTY TRADES BELOW THIS LEVEL ONE CAN SEE NIFTY TO TAKE SUPPORT AT 4023 AND FURTHER CLOSING BELOW THIS LEVEL WOULD BRING NIFTY TO 3800 LEVELS IN A VERY SHORT TIME. TODAY CEMENT STOCKS AND TEXTILES LOOK GOOD FOR BUYING.
