GOOD MORNING!!!
INDICES REGISTERED SMALL LOSSES ON WEDNESDAY, RECOVERING SHARPLY FROM A STEEP INTRADAY SLIDE TRIGGERED BY A SHARP SETBACK IN CHINESE STOCKS. STRONGER-THAN-EXPECTED DOMESTIC INDUSTRIAL PRODUCTION DATA AND RECOVERY IN EUROPEAN STOCKS AIDED THE REBOUND IN THE SECOND HALF OF THE TRADING SESSION. CONCERNS ABOUT THE SPREAD OF SWINE FLU REMAIN. INDIA CRACKED DOWNON PRICE GOUGING AND HOARDING OF FACE MASKS AND FLU DRUGS ON WEDNESDAY AS THE TOLL FROM SWINE FLU CLIMBED TO 17.IN MUMBAI, INDIA'S FINANCIAL HUB, SCHOOLS AND COLLEGES WERE CLOSED FOR A WEEK AND CINEMA HALLS SHUT FOR THREE DAYS. THE BOLLYWOOD FILM INDUSTRY ALSO PUT OFF BIG RELEASES AND CANCELLED SHOOTS. THE HEALTH MINISTRY ASKED STATES TO SET UP MORE SCREENING CENTRES AND PROD PRIVATE HOSPITALS TO HELP COPE WITH LARGE NUMBERS OF PEOPLE DEMANDING TESTS.
THE KEY BENCHMARK INDICES SET TO GAIN TRACKING FIRM GLOBAL CUES AND JUMP IN DOMESTIC INDUSTRIAL OUTPUT DATA. HOWEVER, WORRIES OVER SCANTY RAINS AND SWINE FLU SCARE MAY CAP UPSIDE. INVESTORS WILL KEENLY WATCH INDIA'S WHOLESALE PRICE INDEX (WPI) DATA IN THE 12 MONTHS TO 1 AUGUST DUE TO BE ANNOUNCED BY THE GOVERNMENT TODAY. MARKETS TODAY WOULD BE POSITIVELY BIASED IF NIFTY SUSTAINS ABOVE 4500 THEN ONE CAN SEE NIFTY TO MOVE TO 4544 AND SUSTAIN ABOVE THIS LEVEL WOULD TAKE NIFTY TO 4576 AND BREAK BELOW 4388 IS THE KEY LEVEL FOR THE DOWNSIDE
BUY PUNJ LLOYD SL 227 TGT 237/243/246
BUY TECH MAHINDRA SL 825 TGT 868/890
BUY ABAN SL 1129 TGT 1218/1249
BUY ADLABS SL 311 TGT 329/334/340/349
BUY BHARTI SL 398 TGT 412/419/428
BUY DLF SL 369 TGT 383/391/407
INDICES REGISTERED SMALL LOSSES ON WEDNESDAY, RECOVERING SHARPLY FROM A STEEP INTRADAY SLIDE TRIGGERED BY A SHARP SETBACK IN CHINESE STOCKS. STRONGER-THAN-EXPECTED DOMESTIC INDUSTRIAL PRODUCTION DATA AND RECOVERY IN EUROPEAN STOCKS AIDED THE REBOUND IN THE SECOND HALF OF THE TRADING SESSION. CONCERNS ABOUT THE SPREAD OF SWINE FLU REMAIN. INDIA CRACKED DOWNON PRICE GOUGING AND HOARDING OF FACE MASKS AND FLU DRUGS ON WEDNESDAY AS THE TOLL FROM SWINE FLU CLIMBED TO 17.IN MUMBAI, INDIA'S FINANCIAL HUB, SCHOOLS AND COLLEGES WERE CLOSED FOR A WEEK AND CINEMA HALLS SHUT FOR THREE DAYS. THE BOLLYWOOD FILM INDUSTRY ALSO PUT OFF BIG RELEASES AND CANCELLED SHOOTS. THE HEALTH MINISTRY ASKED STATES TO SET UP MORE SCREENING CENTRES AND PROD PRIVATE HOSPITALS TO HELP COPE WITH LARGE NUMBERS OF PEOPLE DEMANDING TESTS.
THE KEY BENCHMARK INDICES SET TO GAIN TRACKING FIRM GLOBAL CUES AND JUMP IN DOMESTIC INDUSTRIAL OUTPUT DATA. HOWEVER, WORRIES OVER SCANTY RAINS AND SWINE FLU SCARE MAY CAP UPSIDE. INVESTORS WILL KEENLY WATCH INDIA'S WHOLESALE PRICE INDEX (WPI) DATA IN THE 12 MONTHS TO 1 AUGUST DUE TO BE ANNOUNCED BY THE GOVERNMENT TODAY. MARKETS TODAY WOULD BE POSITIVELY BIASED IF NIFTY SUSTAINS ABOVE 4500 THEN ONE CAN SEE NIFTY TO MOVE TO 4544 AND SUSTAIN ABOVE THIS LEVEL WOULD TAKE NIFTY TO 4576 AND BREAK BELOW 4388 IS THE KEY LEVEL FOR THE DOWNSIDE
BUY PUNJ LLOYD SL 227 TGT 237/243/246
BUY TECH MAHINDRA SL 825 TGT 868/890
BUY ABAN SL 1129 TGT 1218/1249
BUY ADLABS SL 311 TGT 329/334/340/349
BUY BHARTI SL 398 TGT 412/419/428
BUY DLF SL 369 TGT 383/391/407
