GOOD MORNING!!!
POSTING SMALL GAINS AFTER A STRAIGHT THREE DAY LOSSES IN A HIGHLY VOLATILE SESSION THE SENSEX ALTERNATIVELY HOVERED UP AND DOWN TO THE PSYCHOLOGICAL 15,000 MARK, ULTIMATELY CLOSING ABOVE THAT MARK. THE SENSEX SURGED IN EARLY AFTERNOON TRADE AFTER FINANCE MINISTER PRANAB MUKHERJEE SAID THE GOVERNMENT IS PREPARED TO MANAGE A DROUGHT AND A CONTINGENCY PLAN WAS ALSO IN PLACE. THE MARKET JUMPED TO HIT FRESH INTRADAY HIGH IN MID-AFTERNOON TRADE. A SUDDEN SLIDE PULLED THE MARKET INTO THE RED SHORTLY THEREAFTER BUT MANAGED TO CLOSE IN POSITIVE TERRAIN. THE MOST WORRYING FACTOR FOR THE INVESTORS IS ABOUT THE SCANTY RAINS WHICH MAY HAMPER A NASCENT REVIVAL IN THE DOMESTIC ECONOMY. SUGARS WERE VERY SWEET ALONG WITH PHARMA AND REALITY SPACE
TODAY MARKETS WOULD BE RANGE BOUND EVEN THOUGH MARKETS OPEN IN RED BUT ONE HAS TO KEEP AN EYE ON THE KEY LEVEL OF 4388 IF NIFTY BREAKS THIS LEVEL THEN WE CAN SEE NIFTY TO SEE 4337 AND THEN 4282 LEVELS, STRONGEST SUPPORT FOR NIFTY IS AT 4388 SO ONE NEEDS TO BE VERY CAUTIOUS AT THIS LEVELS. ON THE UPSIDE IF NIFTY BREAKS ABOVE 4510 THEN WE CAN SEE NIFTY TO MOVE TO 4544 AND BREAK ABOVE THIS LEVEL ONE CAN GO FOR BUYING POSITIONALLY CLOSING ABOVE 4544 IS A GOOD SIGN FOR THE MARKETS.
TODAY MARKETS WOULD BE RANGE BOUND EVEN THOUGH MARKETS OPEN IN RED BUT ONE HAS TO KEEP AN EYE ON THE KEY LEVEL OF 4388 IF NIFTY BREAKS THIS LEVEL THEN WE CAN SEE NIFTY TO SEE 4337 AND THEN 4282 LEVELS, STRONGEST SUPPORT FOR NIFTY IS AT 4388 SO ONE NEEDS TO BE VERY CAUTIOUS AT THIS LEVELS. ON THE UPSIDE IF NIFTY BREAKS ABOVE 4510 THEN WE CAN SEE NIFTY TO MOVE TO 4544 AND BREAK ABOVE THIS LEVEL ONE CAN GO FOR BUYING POSITIONALLY CLOSING ABOVE 4544 IS A GOOD SIGN FOR THE MARKETS.
BUY JINDAL STEEL AT 2840 LEVELS SL 2800 TGT 2870/2900/2963
BUY GVKPIL AT 45.5 SL 44.60 TGT 48/49/50
BUY HDIL AT 260 SL 252 TGT 269/276
BUY GAIL AT 327 SL 323.80 TGT 337/342
BUY RANBAXY AT 275 SL 273.3 TGT 281/284/287
