GOOD MORNING!!!
INDICES HAVE SHOWN A GREAT COMMITMENT TRAVELING TOWARDS NORTH. WE HAVE SEEN MOST OF THE STOCKS GIVING GOOD MOVEMENT ON THE UPFRONT. YESTERDAY AUTO, FMCG, METALS, PHARMA, POWER, BANKING AND REALITY STOCKS ALONG WITH SUGARS WERE VERY GOOD, ALMOST ALL THE SECTORAL INDICES WERE IN GREEN. OVERALL HEALTH OF THE MARKET IS QUITE BULLISH BUT IT HARDLY TAKES ANYTIME TO CONVERT ITSELF INTO BEARISH PHASE AS THE INDICATORS GOT TIRED AND ALMOST AT THEIR PEAKS SO EVERY HIGH ONE CAN KEEP BOOKING PROFITS.
TODAY MARKETS WOULD BE RANGE BOUND. IF NIFTY TRADES ABOVE 4960 THEN IT WOULD LEAD MARKET TO 4995 AND IF NIFTY TRADE ABOVE 5000 FOR FEW MINUTES IT IS QUITE EVIDENT THAT NIFTY WOULD GO TO 5070. ON THE NEGATIVE SIDE OF THE MARKET IF NIFTY TRADES BELOW 4945 THEN WOULD LEAD NIFTY TO 4924 IF NIFTY TRADES BELOW 4924 THEN WE CAN SEE NIFTY TO COME DOWN TO 4900 IF TRADES BELOW THIS LEVEL WITH VOLUMES THEN WILL COME DOWN TO 4865. CLOSING AROUND 4900 IS ADVICED TO PARTIALLY BUY SOME STOCKS FOR THE NEXT DAY BUT IN LESS QTY AND ONLY THOSE WHICH ARE IN POSITIVE SIDE.
INDICES HAVE SHOWN A GREAT COMMITMENT TRAVELING TOWARDS NORTH. WE HAVE SEEN MOST OF THE STOCKS GIVING GOOD MOVEMENT ON THE UPFRONT. YESTERDAY AUTO, FMCG, METALS, PHARMA, POWER, BANKING AND REALITY STOCKS ALONG WITH SUGARS WERE VERY GOOD, ALMOST ALL THE SECTORAL INDICES WERE IN GREEN. OVERALL HEALTH OF THE MARKET IS QUITE BULLISH BUT IT HARDLY TAKES ANYTIME TO CONVERT ITSELF INTO BEARISH PHASE AS THE INDICATORS GOT TIRED AND ALMOST AT THEIR PEAKS SO EVERY HIGH ONE CAN KEEP BOOKING PROFITS.
TODAY MARKETS WOULD BE RANGE BOUND. IF NIFTY TRADES ABOVE 4960 THEN IT WOULD LEAD MARKET TO 4995 AND IF NIFTY TRADE ABOVE 5000 FOR FEW MINUTES IT IS QUITE EVIDENT THAT NIFTY WOULD GO TO 5070. ON THE NEGATIVE SIDE OF THE MARKET IF NIFTY TRADES BELOW 4945 THEN WOULD LEAD NIFTY TO 4924 IF NIFTY TRADES BELOW 4924 THEN WE CAN SEE NIFTY TO COME DOWN TO 4900 IF TRADES BELOW THIS LEVEL WITH VOLUMES THEN WILL COME DOWN TO 4865. CLOSING AROUND 4900 IS ADVICED TO PARTIALLY BUY SOME STOCKS FOR THE NEXT DAY BUT IN LESS QTY AND ONLY THOSE WHICH ARE IN POSITIVE SIDE.
BUY HOTEL LEELA SL 38 TGT 39.5/41
BUY LIC HSG SL 740 TGT 783/812
BUY RANBAXY SL 350 TGT 359/367
BUY LANCO INFRA SL 454 TGT 477/485
BUY TATASTEEL SL 524 TGT 544/554
SELL ADLABS SL 355 TGT 348/343
