GOOD MORNING!!!
LAST TRADING SESSION WAS THE FIRST DAY OF THE SAMVAT 2066 IT WAS A SPARKLING START BUT LATER FAILED TO HOLD ON THE POSITIVE NOTE WITH PROFIT BOOKING CROPPING AT THE CLOSING OF THE DAY. IN THE LAST FEW DAYS WE HAVE WITNESSED STOCK SPECIFIC MOVEMENTS ON THE BASIS OF Q2 RESULTS AND MAY STILL CONTINUE IN THE DAYS TO COME FOR A SHORT SPAN. ONE HAS TO WATCH OUT FOR THE CRUCIAL LEVELS ON NIFTY FOR HOLDING OR EXITING.
TODAY NIFTY MAY SEE A POSITIVE OPENING AROUND 40 POINTS AND MAY HIT NEW HIGHS OF THE YEAR FOR THE FIRST TIME HITTING 5200 MARK BUT ONE HAS TO STAY VERY CAUTIOUS IN THIS PHASE AS THE UPSIDE IS VERY LIMITED. ONE HAS TO MAKE A NOTE THAT NEVER CARRY ANY INTRADAY LOSS POSITIONS, DO NOT FORGET TO PLACE STRICT STOPLOSSES. TODAY IF NIFTY TRADES ABOVE 5147 LIKELY TO MAKE AN UPMOVE TILL 5164 AND TRADE ABOVE THIS WOULD LEAD NIFTY TO 5185 AND ANY CLOSING ABOVE 5185 WOULD TAKE NIFTY TO 5300 AND ANY CLOSING ABOVE 5090 IS BULLISH. AND ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5115 THEN WE MAY LIKELY TO TEST 5085 LEVELS BUT IF NIFTY ON CLOSING CLOSES BELOW 5090 ONE CAN EXIT ALL THEIR LONG POSITIONS AND CAN ENTER SHORTS. DONT NEGLECT THE LEVELS SPECIFIED.
BUY ESCORTS SL 129.40 TGT 133/136/139BUY FEDERAL BANK FUTURS SL 255 TGT 262.40/265
BUY STER SL 837.7 TGT 845/850/856
BUY CENTURY TEXTILES SL 534.50 TGT 544/547/550
BUY RCOM SL 236 TGT 241/243.8/247.4
POSITIONAL PICKS
BUY POWERSOFT (532736) HOLD IT FOR MEDIUM TERM TGT 50/100/250
