INDICES AFTER THE STRAIGHT SEVENTH DAY OF SUCCESSIVE FALL, MARKETS RECOVERED ON GLOBAL INDICIES SURPASSING THE NEAR TIME HURDLE OF 4684 AND CLOSING JUST BELOW THE VERY CRUCIAL LEVEL OF NIFTY (4740). WE HAVE WITNESSED GOOD GAINS IN ALL THE SECTORAL INDICES, MARKET HEAVY WEIGHT RELIANCE INDUSTRIES HAS GAINED ALMOST 5.77% WITH REALITY JUST MOVING ABOVE 10% METALS SURGING HIGH, BANKING HAS MOVED UP VERY GOOD. SO OVERALL MARKET BREADTH FROM WEAK TURNED POSITIVE. THOUGH MARKET MOVED UP QUITE HIGH THE ONLY CONSTRAINT WAS LOW VOLUMES WHICH MADE MANY INVESTORS TO STAY AWAY SO ITS AGAIN A WORD OF CAUTION THAT DON’T INVEST ANYTHING UNTIL NIFTY CLOSES 4740.
TODAY IF NIFTY TRADES ABOVE 4700 THEN IT IS LIKELY TO GO TO 4735 AND BREAK ABOVE THIS LEVEL IT WOULD LEAD NIFTY TO 4804 ONE IS ADVISED TO STAY LONG IF NIFTY TRADES ABOVE 4740 ON THE CLOSING BASIS AND ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 4700 IT IS LIKELY TO TEST 4675 LEVELS AND BELOW THAT 4645 AND ANYTHING BELOW 4645 IS AGAIN CONSIDERED TO BE WEAK.
BUY STERLITE SL 756 TGT 775/800/826
BUY EDUCOMP SL 814 TGT 846/857/888
BUY ICICI SL 818 TGT 835/843/851
BUY ABAN SL 1183 TGT 1225/1245/1271
BUY JP SL 209.90 TGT 217/220/223
TODAY IF NIFTY TRADES ABOVE 4700 THEN IT IS LIKELY TO GO TO 4735 AND BREAK ABOVE THIS LEVEL IT WOULD LEAD NIFTY TO 4804 ONE IS ADVISED TO STAY LONG IF NIFTY TRADES ABOVE 4740 ON THE CLOSING BASIS AND ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 4700 IT IS LIKELY TO TEST 4675 LEVELS AND BELOW THAT 4645 AND ANYTHING BELOW 4645 IS AGAIN CONSIDERED TO BE WEAK.
BUY STERLITE SL 756 TGT 775/800/826
BUY EDUCOMP SL 814 TGT 846/857/888
BUY ICICI SL 818 TGT 835/843/851
BUY ABAN SL 1183 TGT 1225/1245/1271
BUY JP SL 209.90 TGT 217/220/223
