GOOD MORNING!!!
STOCK-SPECIFIC BUYING CONTINUED EVEN AS THE KEY BENCHMARK INDICES EDGED LOWER IN WHAT WAS A CHOPPY TRADING SESSION S&P CNX NIFTY HIT THEIR HIGHEST LEVEL IN NEARLY 17 MONTHS AT THE ONSET OF THE TRADING SESSION LAST DAY. IT STOCKS FALTERED ON A FIRM RUPEE. THE MARKET BREADTH WAS MARGINALLY POSITIVE.
MARKETS TODAY MAY BE RANGE BOUND WITH LITTLE VOLATILE SESSION. IF NIFTY TRADES ABOVE 5110 THEN IT IS LIKELY TO MOVE UP TO 5136 AND BREAK ABOVE THIS POINT WOULD LEAD NIFTY TO 5154 ANY CLOSE ABOVE 5145 IS VERY STRONG AND CLOSE ABOVE 5100 IS CONSIDERED TO BE BULLISH. AND ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5105 LIKELY TO COME DOWN TO 5068 AND IF NIFTY TRADES BELOW THIS LEVEL THEN MAY TAKE SUPPORT AT 5050 CLOSING BELOW 5030 IS CONSIDERED TO BE WEAK AND ONE CAN GO SHORT IF NIFTY CLOSES BELOW 5030. TELECOM SECTOR WEAK AVOID.
BUY LT SL 1683 TGT 1702/1717
BUY HDFCBANK SL 1719 TGT 1746/1755/1764
BUY SUZLON SL 87 TGT 92/94
BUY JSWHOLDINGS SL 1700 TGT 1750/1760/1770
BUY TATAPOWER SL 1359 TGT 1380/1385/1390
SELL RELINFRA SL 1291 TGT 1260/1250
MARKETS TODAY MAY BE RANGE BOUND WITH LITTLE VOLATILE SESSION. IF NIFTY TRADES ABOVE 5110 THEN IT IS LIKELY TO MOVE UP TO 5136 AND BREAK ABOVE THIS POINT WOULD LEAD NIFTY TO 5154 ANY CLOSE ABOVE 5145 IS VERY STRONG AND CLOSE ABOVE 5100 IS CONSIDERED TO BE BULLISH. AND ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5105 LIKELY TO COME DOWN TO 5068 AND IF NIFTY TRADES BELOW THIS LEVEL THEN MAY TAKE SUPPORT AT 5050 CLOSING BELOW 5030 IS CONSIDERED TO BE WEAK AND ONE CAN GO SHORT IF NIFTY CLOSES BELOW 5030. TELECOM SECTOR WEAK AVOID.
BUY LT SL 1683 TGT 1702/1717
BUY HDFCBANK SL 1719 TGT 1746/1755/1764
BUY SUZLON SL 87 TGT 92/94
BUY JSWHOLDINGS SL 1700 TGT 1750/1760/1770
BUY TATAPOWER SL 1359 TGT 1380/1385/1390
SELL RELINFRA SL 1291 TGT 1260/1250
