GOOD MORNING!!!
INDICES SOARED TRACKING FIRM GLOBAL STOCKS AFTER CHINA REPORTED CONTINUED STRENGTH IN INDUSTRIAL PRODUCTION GROWTH, KEEPING ALIVE HOPES OF A RECOVERY IN THE GLOBAL ECONOMY. THE MARKET SHRUGGED OFF CYCLONE PHYAN WHICH IS EXPECTED TO BRING HEAVY RAINS TO MUMBAI, THE COMMERCIAL CAPITAL. LATEST REPORTED SUGGEST THAT THE CYCLONE HAS BYPASSED MUMBAI AT 14:00 IST. METAL, AUTO, REALTY, CAPITAL GOODS AND IT STOCKS ROSE. INDEX HEAVYWEIGHT RELIANCE INDUSTRIES SURGED IN LATE TRADE. THE MARKET BREADTH WAS VERY STRONG. THE MARKET MOVED BETWEEN POSITIVE AND NEGATIVE ZONE IN EARLY TRADE. IT SURGED IN MID-MORNING TRADE. THE MARKET EXTENDED GAINS LATER. THE MARKET SENTIMENT HAS BEEN BOOSTED BY PRIME MINISTER MANMOHAN SINGH'S ANNOUNCEMENT ON SUNDAY, 8 NOVEMBER 2009, THAT FINANCIAL REFORMS, SUCH AS BUILDING UP A DOMESTIC BOND MARKET AND EXPANDING FOREIGN INVESTMENT IN SECTORS LIKE INSURANCE, WOULD BE PUSHED FORWARD.
TODAY MARKET WOULD OPEN IN POSITIVE ZONE AND MAY REMAIN RANGE BOUND, IF NIFTY TRADES ABOVE 5030 THEN IT IS LIKELY TO GO TO 5053 AND TRADE ABOVE THIS POINT WOULD TAKE NIFTY TO 5080 AND ON THE DOWN SIDE IF NIFTY 4980 THEN IT IS LIKELY TO TAKE NIFTY TO 4937. A SHARP RALLY OF ALMOST 500 POINTS UPSIDE FROM 4531 TO 5024 WHICH IS CONSIDERED TO BE MATTER OF CONCERN AS IT IS EVIDENT THAT MARKET MAY TAKE RETRACEMENT AT ANY STAGE, SO ONE IS CAUTIONED TO AVOID BUYING WITH ALL THE CAPITAL, AND DILUTE AND LIQUIDATE SOME OF YOUR ASSETS AND BE ON CASH AND DON’T INVEST ALL THE MONEY WHAT YOU HAVE INVEST ONLY 50% OF THE CAPITAL IN INVESTMENTS AND YOU CAN PLAY INTRADAY IF YOU ARE A TRADER.
BUY IDFC SL 167.8 TGT 170/172
BUY JPASSOCIATES SL 238.4 TGT 245/247/249
BUY STER SL 852 TGT 868/874/880
BUY RELINFRA SL 1152 TGT 1172/1184/1200
BUY SRF SL 194 TGT 205/209
BUY JSPL SL 692 TGT 705/709
TODAY MARKET WOULD OPEN IN POSITIVE ZONE AND MAY REMAIN RANGE BOUND, IF NIFTY TRADES ABOVE 5030 THEN IT IS LIKELY TO GO TO 5053 AND TRADE ABOVE THIS POINT WOULD TAKE NIFTY TO 5080 AND ON THE DOWN SIDE IF NIFTY 4980 THEN IT IS LIKELY TO TAKE NIFTY TO 4937. A SHARP RALLY OF ALMOST 500 POINTS UPSIDE FROM 4531 TO 5024 WHICH IS CONSIDERED TO BE MATTER OF CONCERN AS IT IS EVIDENT THAT MARKET MAY TAKE RETRACEMENT AT ANY STAGE, SO ONE IS CAUTIONED TO AVOID BUYING WITH ALL THE CAPITAL, AND DILUTE AND LIQUIDATE SOME OF YOUR ASSETS AND BE ON CASH AND DON’T INVEST ALL THE MONEY WHAT YOU HAVE INVEST ONLY 50% OF THE CAPITAL IN INVESTMENTS AND YOU CAN PLAY INTRADAY IF YOU ARE A TRADER.
BUY IDFC SL 167.8 TGT 170/172
BUY JPASSOCIATES SL 238.4 TGT 245/247/249
BUY STER SL 852 TGT 868/874/880
BUY RELINFRA SL 1152 TGT 1172/1184/1200
BUY SRF SL 194 TGT 205/209
BUY JSPL SL 692 TGT 705/709
POSITIONAL TRADES
BUY PURAVANKARA FOR 50% RETURNS IN MEDIUM TERM
