GOOD MORNING!!!
INDICES OPENED IN HIGHS THE MARKET SURGED IN EARLY TRADE ON HIGHER ASIAN STOCKS. INTRADAY VOLATILITY WAS HIGH. . IT SURGED TO A FRESH INTRADAY HIGH IN MORNING TRADE BEFORE PARING GAINS. A BRIEF RECOVERY FROM LOWER LEVEL WAS WITNESSED IN EARLY AFTERNOON TRADE. AFTER HITTING AN INTRADAY LOW,THE MARKET REGAINED STRENGTH LATER. REALTY AND AUTO STOCKS DECLINED WHILE BANKING AND METALS ROSE UP HIGHER.
TODAY MARKET WOULD OPEN POSITIVE AND WOULD BE RANGE BOUND SO TRADE CAUTIOUSLY WITH LEVELS INDICATED. TODAY IF NIFTY TRADES ABOVE 4811 THEN IT WILL HIT 4842 AND TRADING ABOVE THIS LEVEL WOULD TAKE NIFTY TO 4862 AND BREACH ABOVE 4876 WOULD TAKE NIFTY TO NEW HIGHS AND CLOSE OF NIFTY ABOVE 4876 WOULD TAKE NIFTY TO NEW HIGH I.E., 5000 LEVELS. AND ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 4800 THEN WILL LEAD THE MARKET TO 4759 LEVELS.
SELL HDIL BELOW 305 SL 315 TGT 301/295
SELL TATASTEEL BELOW 468 SL 475 TGT 465/461
BUY INFOSYS SL 2214 TGT 2280/2300/2320
BUY STER SL 759 TGT 780/789
