GOOD MORNING!!!
KEY INDICES LAST DAY HAVE ENDED GAINING HANDSOMELY WITH ROBUST GROWTH IN INDUSTRIAL OUTPUT DATA AND ANIL AMBANI'S RENEWED EFFORT TO END THE BITTER FEUD RELATED THE SPLIT OF THE FAMILY BUSINESS EMPIRE WHICH RANGE IN ENERGY, TELECOMM AND FINANCIAL SECTORS. MARKET OPENED HIGH ON ANIL AMBANI'S DECISION TO CALL A TRUCE ON DISPUTE WITH ELDER BROTHER MUKESH AMBANI AND LATER INDUSTRIAL OUTPUT DATA GAVE MORE IMPACT FOR SURGING AND THE IMPORTANT STATMENT WHICH DIDNT LET THE MARKET DOWN WAS OUR PRIME MINISTER DR. MANMOHAN SINGH STATEMENT SAYING, THE ECONOMIC STIMULUS WILL CONTINUE. Q2 RESULTS FAVOURING MARKETS IN SECOTORS LIKE BANKING, CEMENT AND AUTO'S AND METALS FIRMS ARE REPORITNG FALL IN NET PROFITS DUE TO A SHARP FALL IN METAL PRICES ON YEAR ON YEAR BASIS. OUTLOOK SEEN POSITIVE WITH OVERALL HEALTH OF OF THE MARKET CLOSING ON STRONG NOTE.
TODAY MARKET LOOKS POSITIVE. MARKET WOULD OPEN GAP UP OF AROUND 40 POINTS AND LIKELY TO REMAIN RANGE BOUND LATER. IF NIFTY TRADES ABOVE 5070 THEN IT WOULD SOON RESIST TO SURPASS 5090 BUT IF NIFTY SUSTAINS ABOVE 5090 WE CAN SEE NIFTY TO MOVE TO 5130 LEVELS AND ANY CLOSE ABOVE 5090 IS CONSIDERED TO BE VERY STRONG CLOSING FOR THE YEAR AND WOULD SEE SOME MORE UPSIDE FROM THAT POINT. ONE CAN CONCENTRATE ON CEMENT SECTOR AND AUTO FOR HOLDING. AND ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5024 THEN WE CAN EXPECT SOME DOWNSIDE IN THE INTRADAY TO 4986 AND TRADING BELOW THIS LEVEL WITH VOLUMES WILL WEAKEN THE STRUCTURE OF THE MARKET AND MAY SEE SUPPORT AT 4865 AND ANY CLOSE BELOW 4986 IS CONSIDERED WEAK AND ONE IS ADVICED TO EXIT LONGS TO THE MAXIMUM AND ANY CLOSE BELOW 4926 IS ADVICED TO EXIT LONGS AND GO SHORT IN METALS AND STOCKS WHICH ARE WEAK.
BUY ADLABS SL 351 TGT 357/360/365BUY DABUR SL 144 TGT 146/148/149.8
BUY SESAGOA SL 294.45 TGT 305/309
BUY SBIN SL 2165 TGT 2200/2218/2235
BUY TITAN SL 1447 TGT 1481/1490/1500
BUY GAMMON INFRA PROJ SL 90* (ONE CAN BOOK DECENT PROFITS INTRADAY AND CAN EVEN HOLD)
SELL PIRHEALTH FUTURES BELOW 490 SL 496 TGT 463/456SELL BAJAJHIND BELOW 182.5 SL 184.25 TGT 180/177
POSITIONAL PICKS
BUY VISHAL RETAIL TGT 100/120
