GOOD MORNING!!!
TODAY NIFTY LOOKS VERY RANGE BOUND AND WITH HIGHLY VOLATILE MOVES. IF NIFTY TRADES ABOVE 4855 THEN IS IT QUITE EVIDENT THAT NIFTY WOULD MOVE FURTHER UP AND HIT 4870 AND IF TRADED ABOVE THIS LEVEL ONE CAN SEE NEW HIGHS OF THE YEAR ONE SHOULD BE VERY CAUTIOUS AROUND 4876 LEVELS AS THIS BEING THE ONLY RESISTANCE POINT TILL 5000 MARK SO TRADE CAUTIOUSLY AT THIS LEVEL. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 4840 THEN IT WILL TOUCH 4801 AND BREAK AND TRADING BELOW 4800 THEN WOULD COME DOWN TO 4776 AND THE NEXT LEVEL ON THE DOWN SIDE WOULD BE 4747 STAY CAUTIOUS BELOW 4740 LEVELS BREAK BELOW 4740 WOULD BE CONSIDERED WEAK ON THE INDEX, THIS IS THE CRUCIAL LEVEL TO WATCH.
TODAY NIFTY LOOKS VERY RANGE BOUND AND WITH HIGHLY VOLATILE MOVES. IF NIFTY TRADES ABOVE 4855 THEN IS IT QUITE EVIDENT THAT NIFTY WOULD MOVE FURTHER UP AND HIT 4870 AND IF TRADED ABOVE THIS LEVEL ONE CAN SEE NEW HIGHS OF THE YEAR ONE SHOULD BE VERY CAUTIOUS AROUND 4876 LEVELS AS THIS BEING THE ONLY RESISTANCE POINT TILL 5000 MARK SO TRADE CAUTIOUSLY AT THIS LEVEL. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 4840 THEN IT WILL TOUCH 4801 AND BREAK AND TRADING BELOW 4800 THEN WOULD COME DOWN TO 4776 AND THE NEXT LEVEL ON THE DOWN SIDE WOULD BE 4747 STAY CAUTIOUS BELOW 4740 LEVELS BREAK BELOW 4740 WOULD BE CONSIDERED WEAK ON THE INDEX, THIS IS THE CRUCIAL LEVEL TO WATCH.
BUY HPCL AROU ND 385 SL 379
BUY SYNDICATE BANK AROUND 83.5 SL 81.65
BUY TATA STEEL AROUND 465 SL 459
SELL DLF SL 404 TGT 390/385
BUY AGEE GOLD (SHRIPUR GOLD REFINERIES)**** JUST HOLD THEM