GOOD MORNING!!!
BANKING ALONG WITH REALITY STOCKS LED TEH RALLY ON THE BOURSES WITH SUSTAINED BUYING BY FOREIGN FUNDS. MARKET OVERALL ON THE POSITIVE ZONE, STRUCTURALLY MARKET LOOKS POSITIVE ONE HAS TO REMAIN VERY CAUTIOUS AS ALL THE TECHNICAL INDICATORS ARE ON A OVER BOUGHT REGEION.
TODAY MARKET MAY BE VERY RANGE BOUND WITH INITITALLY MARKET MAKING AN UPMOVE MARKET SEEMS TO BE STRONG AT THIS STAGE AND CONTINUE TO REMAIN IN THIS POSITIVE SPHERE AS LONG AS NIFTY IS HOLDING ABOVE 5060 LEVELS. FOR TODAY IF NIFTY TRADES ABOVE 5150 THEN IT IS LIKELY TO HIT 5185 IN TODAYS TRADING AND ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5120 THEN IT IS MOST EVIDENT THAT NIFTY MAY COME DOWN TO 5108 AND SUSTAINING BELOW 5108 MAY PUSH NIFTY TO 5072 LEVELS. FERTILIZERS, REALITY AND BANKING ARE POSITIVE
BUY SBI SL 2448 TGT 2500
BUY DLF SL 459 TGT 469/474
BUY ISPAT IND SL 23.45 TGT 24.25/24.75
BUY IVRCL SL 417 TGT 426/431
BUY ROLTA SL 191 TGT 194.75/199
