GOOD MORNING!!!
INDICES LAST DAY WERE VERY FIRM IN THE EARLY TRADE AND GAVE UP IN THE LAST 25 MIN OF TRADE AS PROFIT BOOKING CROPPED IN. AUTO AND BANKING LED THE REALLY WHILE RELIANCE AND FEW OTHER METAL SECTOR DECLINING. OVERALL MARKET WAS STILL ON THE POSITIVE ZONE, INDICATING THE OVERALL HEALTH TO BE POSITIVE.
TODAY MARKET WOULD BE VOLATILE INITIALLY WITH NEGATIVE BIAS THE TREND TO CONTINUE ONLY IF THE LEVELS INDICATED BELOW ARE BROKEN. IF NIFTY BREACHES 4952 THEN WOULD SEE NIFTY TO COME DOWN TO 4920 LEVLES AND IF THIS LEVEL IS BROKEN WITH VOLUMES AND TRADED BELOW THIS THEN WE CAN SEE IT TO GO TO 4896 ONE HAS TO BE CAUTIOUS ONLY BELOW 4865 IF NIFTY CLOSES BELOW 4865 THEN IT IS ADVISED TO ALL THE INVESTORS AND TRADERS TO EXIT THEIR POSITION AND REMAIN WITH NO POSITION EXPECT FOR FEW PUTS. ON THE POSITIVE FRONT IF NIFTY TRADES ABOVE 4880 THEN ONE CAN TAKE POSITION FOR LONGS FOR A TARGET OF 5009 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5070. ONE CAN WATCH CEMENT SECTOR.
BUY FSL BELOW 35.30 SL 34.65 TGT 36.50/37.80
BUY ACC ABOVE 827 SL 821 TGT 836/844/859
BUY MARUTI ABOVE 1560 SL 1549 TGT 1574/1590
SELL RELIANCE SL 2091 TGT 2050/2032
SELL TISCO BELOW 520 SL 526 TGT 508/490/483
