GOOD MORNING!!!
INDICES ADVANCED TO DAY'S HIGH IN MID-AFTERNOON TRADE LED BY AN OVER 3.5% RALLY IN INDEX HEAVYWEIGHT RELIANCE INDUSTRIES (RIL), HOLDING A 13.18% WEIGHTAGE, THE HIGHEST OF THE INDICES. THE MARKET BREADTH, INDICATING THE OVERALL HEALTH OF THE MARKET, REMAINED STRONG. THE MARKET WAS VOLATILE. AFTER AN INITIAL SLIDE, THE MARKET BOUNCED BACK SHORTLY. HOWEVER, THE MARKET FAILED TO SUSTAIN HIGHER LEVEL AND MOVED BETWEEN POSITIVE AND NEGATIVE ZONE LATER. A RALLY IN INDEX HEAVYWEIGHT RELIANCE INDUSTRIES PUSHED THE KEY INDICES TO DAY'S HIGH IN MID-MORNING TRADE. THE MARKET PARED GAINS IN EARLY AFTERNOON TRADE ON PROFIT BOOKING. THE MARKET ONCE AGAIN SLIPPED INTO THE RED IN AFTERNOON TRADE AS EUROPEAN MARKETS OPENED LOWER. AN OVER 3.5% RALLY IN INDEX HEAVYWEIGHT PUSHED KEY INDICES TO DAY'S HIGH IN MID-AFTERNOON TRADE
TODAY MARKET WOULD OPEN IN A POSITIVE NOTE. IF NIFTY TRADES ABOVE 4836 IT WOULD TOUCH IMMEDIATELY 4870 AND IF NIFTY CROSSES 4876 WE CAN SEE NIFTY TO MOVE FURTHER UP AND ANY CLOSE ABOVE 4876 IS CONSIDERED TO BE A VERY POSITIVE CLOSE AND NIFTY WOULD GO UP AND HEAD TOWARDS 5000 LEVELS. ON NEGATIVE FRONT IF NIFTY TRADES BELOW 4811 THEN CAN SLIDE TO 4777 AND IF NIFTY TRADES BELOW 4777 THEN WE CAN SEE NEXT SUPPORT FOR NIFTY AT 4750 AND ANY CLOSE BETWEEN 4777 AND 4750 ONE IS ADVISED TO EXIT MAXIMUM POSITION AND HOLD ONLY FEW LONG POSITIONS.
SELL AXIS SL 917 TGT 895
SELL SIEMENS BELOW 506 SL 510 TGT 498/495
INDICES ADVANCED TO DAY'S HIGH IN MID-AFTERNOON TRADE LED BY AN OVER 3.5% RALLY IN INDEX HEAVYWEIGHT RELIANCE INDUSTRIES (RIL), HOLDING A 13.18% WEIGHTAGE, THE HIGHEST OF THE INDICES. THE MARKET BREADTH, INDICATING THE OVERALL HEALTH OF THE MARKET, REMAINED STRONG. THE MARKET WAS VOLATILE. AFTER AN INITIAL SLIDE, THE MARKET BOUNCED BACK SHORTLY. HOWEVER, THE MARKET FAILED TO SUSTAIN HIGHER LEVEL AND MOVED BETWEEN POSITIVE AND NEGATIVE ZONE LATER. A RALLY IN INDEX HEAVYWEIGHT RELIANCE INDUSTRIES PUSHED THE KEY INDICES TO DAY'S HIGH IN MID-MORNING TRADE. THE MARKET PARED GAINS IN EARLY AFTERNOON TRADE ON PROFIT BOOKING. THE MARKET ONCE AGAIN SLIPPED INTO THE RED IN AFTERNOON TRADE AS EUROPEAN MARKETS OPENED LOWER. AN OVER 3.5% RALLY IN INDEX HEAVYWEIGHT PUSHED KEY INDICES TO DAY'S HIGH IN MID-AFTERNOON TRADE
TODAY MARKET WOULD OPEN IN A POSITIVE NOTE. IF NIFTY TRADES ABOVE 4836 IT WOULD TOUCH IMMEDIATELY 4870 AND IF NIFTY CROSSES 4876 WE CAN SEE NIFTY TO MOVE FURTHER UP AND ANY CLOSE ABOVE 4876 IS CONSIDERED TO BE A VERY POSITIVE CLOSE AND NIFTY WOULD GO UP AND HEAD TOWARDS 5000 LEVELS. ON NEGATIVE FRONT IF NIFTY TRADES BELOW 4811 THEN CAN SLIDE TO 4777 AND IF NIFTY TRADES BELOW 4777 THEN WE CAN SEE NEXT SUPPORT FOR NIFTY AT 4750 AND ANY CLOSE BETWEEN 4777 AND 4750 ONE IS ADVISED TO EXIT MAXIMUM POSITION AND HOLD ONLY FEW LONG POSITIONS.
SELL AXIS SL 917 TGT 895
SELL SIEMENS BELOW 506 SL 510 TGT 498/495
BUY STER SL 739 TGT 761/789
BUY HCC SL 108 TGT 115/117/119*
BUY IFCI SL 57 TGT 61.5/63.5/65
BUY RELCAP SL 909 TGT 931/950
BUY ASSAM COMPANY*** AND FORGET TO MAKE YOUR MONEY ATLEAST 4 TO 5 TIMES
BUY HCC SL 108 TGT 115/117/119*
BUY IFCI SL 57 TGT 61.5/63.5/65
BUY RELCAP SL 909 TGT 931/950
BUY ASSAM COMPANY*** AND FORGET TO MAKE YOUR MONEY ATLEAST 4 TO 5 TIMES
