GOOD MORNING!!!
ON THE LAST TRADING DAY VOLATILITY RULED THE ROOST AS THE KEY INDICES SLIPPED WITH INVESTORS TAKING HOME SOME CASH AHEAD OF A LONG WEEKEND AND WITH THE MARKET OPEN ONLY FOR THREE DAYS NEXT WEEK. ON FRIDAY MOST OF THE GLOBAL INDICIES ALSO WEIGHED THE SENTIMENT. BUT UNLESS AND UNTILL NIFTY BREACHES 4897 ONE CAN REMAIN LONG AND BELOW 4740 ONE CAN SEE SOME KIND OF SELL OFF TILL THEN MARKET LOOKS GOOD.
TODAY MARKETS MAY OPEN POSITIVE AND MAY CONTINUE TO REMAIN IN THE ZONE IF NIFTY TRADES ABOVE 4982 THEN IT WILL GO TO 5018 AND TRADING ABOVE 5021 WILL LEAD TO 5051 ONE HAS TO SEE IF NIFTY CLOSES ABOVE 5021 THEN CAN SEE FRESH HIGHS OF THE YEAR. ON THE LOWER SIDE IF NIFTY TRADES BELOW 4950 THEN WOULD 4931 AND BELOW THAT IT WILL TAKE NIFTY TO 4906 AND TRADING BELOW 4900 IS CONSIDERED TO BE WEAK FOR TODAY. PHARMA STOCKS ARE GOOD, BANKING IS ALSO A GOOD BET.
BUY KFA SL 54 TGT 60/62/65BUY BIOCON SL 252 TGT 262/265/267
BUY ONGC SL 1150 TGT 1178/1191
BUY WALCHANDNAGAR SL 209 TGT 221/225/230
