GOOD MORNING!!!
INDICES CLOSED WITH SMALL GAINS AND EXTENDING GAINS FOR THE STRAIGHT SIXTH DAY THE MARKET BREADTH, INDICATING THE OVERALL HEALTH OF THE MARKET, WAS POSITIVE. CAPITAL GOODS STOCKS ROSE. IT STOCKS GAINED AFTER THE TOP THREE ITFIRMS WON A LARGE ORDER FROM BRITISH PETROLEUM. REALTY STOCKS FELL. THE MARKET RECOVERED AFTER AN EARLY SLIDE TRIGGERED BY WEAK GLOBAL STOCKS. THE INDICES MOVED INTO POSITIVE ZONE IN MORNING TRADE. IT SLIPPED INTO THE RED AGAIN LATER. THE MARKET ONCE AGAIN MOVED INTO THE GREEN FROM RED IN EARLY AFTERNOON TRADE. THE MARKET EXTENDED GAINS IN AFTERNOON TRADE. THE MARKET PARED GAINS IN MID-AFTERNOON TRADE. VOLATILITY WAS HIGH IN LATE TRADE WITH THE SENSEX ALTERNATIVELY MOVING BETWEEN POSITIVE AND NEGATIVE ZONE AS TRADERS ROLLED OVER POSITIONS IN THE DERIVATIVES SEGMENT FROM AUGUST 2009 SERIES TO SEPTEMBER 2009 SERIES. THE GOVERNMENT'S IMMEDIATE OBJECTIVE IS TO REVERSE DECLINING EXPORTS AND THE TRADE POLICY WILL GIVE THRUST TO EMPLOYMENT ORIENTED SECTORS, COMMERCE MINISTER ANAND SHARMA SAID TODAY AT THE TIME OF UNVEILING A TRADE POLICY FOR THE FIVE YEARS ENDING MARCH 2014. THE MINISTER SAID HE EXPECTS EXPORTS TO GROW 15% IN FISCAL YEAR ENDING MARCH 2011. THE GOVERNMENT WILL CONTINUE A TAX REFUND SCHEME FOR EXPORTERS UNTIL DECEMBER 2010 WHILE A DUTY-FREE EXPORT PROMOTION SCHEME WILL BE VALID UNTIL MARCH 2011, SHARMA SAID ON THURSDAY.
TODAY IF NIFTY TRADES BELOW 4663 THEN WE MAY SEE A DECLINE TO 4630 AND IF IT BREAKS AND TRADES THEN IT WILL MOVE TO 4600 AND ON THE UPSIDE IF NIFTY TRADES ABOVE 4693 THEN WE CAN SEE NIFTY TO MOVE UP TO 4730 AND THEN TO 4741 AND IF NIFTY BREAKS 4741 AND CLOSES THEN WE CAN SEE NIFTY TO MOVE UP TO NEW HIGHS AND MAY SEE A TARGET OF 4800-5000-5200 IN NEAR TERM.
BUY ANANTRAJ INDS SL 145 TGT 160/165
BUY VIDECON SL 237 TGT 250/255
BUY SRF SL 152 TGT 160/164
BUY BRFL SL 202 TGT 211/214
POSITIONAL TRADES
TODAY IF NIFTY TRADES BELOW 4663 THEN WE MAY SEE A DECLINE TO 4630 AND IF IT BREAKS AND TRADES THEN IT WILL MOVE TO 4600 AND ON THE UPSIDE IF NIFTY TRADES ABOVE 4693 THEN WE CAN SEE NIFTY TO MOVE UP TO 4730 AND THEN TO 4741 AND IF NIFTY BREAKS 4741 AND CLOSES THEN WE CAN SEE NIFTY TO MOVE UP TO NEW HIGHS AND MAY SEE A TARGET OF 4800-5000-5200 IN NEAR TERM.
BUY ANANTRAJ INDS SL 145 TGT 160/165
BUY VIDECON SL 237 TGT 250/255
BUY SRF SL 152 TGT 160/164
BUY BRFL SL 202 TGT 211/214
POSITIONAL TRADES
BUY KALINDEE RAIL NIRMAN (ENGINEERS) LTD AT 141.5 TGT 215**
BUY KOHINOOR FOODS AT 57 TGT 72
BUY VARUN SHIPPING AT 58 TGT 73
BUY BINANI CEMENT AT 61 TGT 77
BUY NITCO LTD AT 63 TGT 79
BUY ESSAR SHIPPING PORTS AND LOGISTICS AT 66 TGT 83
BUY KOHINOOR FOODS AT 57 TGT 72
BUY VARUN SHIPPING AT 58 TGT 73
BUY BINANI CEMENT AT 61 TGT 77
BUY NITCO LTD AT 63 TGT 79
BUY ESSAR SHIPPING PORTS AND LOGISTICS AT 66 TGT 83
