GOOD MORNING!!!
BULLS TOOK COMPLETE CHARGE OF STOCK MARKET RIGHT FROM THE OPENING BELL OF THE MARKETS, DOMINANT BULLS DIDN’T GIVE UP AT ANY STAGE TILL THE END AND CONTINUED EFFORTS TO KEEP THE CHARTS ON THE POSITIVE SIDE WAS VERY MUCH SUCCESSFUL AND MANAGED TO HIT MAJOR INDICES ON TO A FRESH HIGH. ON THE TECHNICAL FRONT THE TREND IS TILL INTACT AND THERE IS HARDLY ANY CHOICE EXCEPT FOR BULLS, HOWEVER, THE INDICES ARE INTO A TIGHT AND STIFF ZONE OF RESISTANCE THIS IS THE LIKELY POINT OF SELLING PRESSURE OR PROFIT BOOKING TO COMMENCE SO ONE IS ADVISED TO STAY EXTRA CAUTION.
TODAY NIFTY MAY OPEN SLIGHTLY POSITIVE BUT NIFTY MAY SEE A STIFF RESISTANCE AROUND 5072 LEVELS, MARKET MAY BE VOLATILE ONE HAS TO BE VERY CAUTIOUS AT THIS STAGE AS NIFTY MAY SLIDE DOWN AT ANY POINT WITH PROFIT BOOKING AT THIS HIGHER STAGES, I WOULD ADVICE TO STAY CAUTIOUS ON THE HIGHER LEVELS AND KEEP BOOKING PROFITS. TODAY IF NIFTY TRADES 5072 WITH GOOD VOLUMES THEN WE CAN SEE NIFTY TO MOVE UP TO 5125 AND THEN TO 5159 AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 5033 THEN IT IS LIKELY TO SLIDE DOWN TO 4990 AND BREAK BELOW THIS LEVEL MAY TAKE NIFTY TO 4956 AND ANY CLOSE BELOW 4967 IS DANGEROUS AND ONE IS ADVISED TO EXIT FROM LONGS AND CAN TAKE FRESH SHORTS OR CARRY OVER THE SHORTS TO THE NEXT TRADING SESSION. ONE CAN EYE SUGAR SECTOR FOR SHORTING.
BUY HDIL SL 362 TGT 369/376/381
BUY DLF SL 382 TGT 388/392
BUY SIEMENS SL 567 TGT 578/582
SELL BAJAJ HIND SL 225.7 TGT 218/214
SELL BANK BARODA SL 846 TGT 835/831
SELL LITL BELOW 550 SL 556 TGT 543/534/521
BULLS TOOK COMPLETE CHARGE OF STOCK MARKET RIGHT FROM THE OPENING BELL OF THE MARKETS, DOMINANT BULLS DIDN’T GIVE UP AT ANY STAGE TILL THE END AND CONTINUED EFFORTS TO KEEP THE CHARTS ON THE POSITIVE SIDE WAS VERY MUCH SUCCESSFUL AND MANAGED TO HIT MAJOR INDICES ON TO A FRESH HIGH. ON THE TECHNICAL FRONT THE TREND IS TILL INTACT AND THERE IS HARDLY ANY CHOICE EXCEPT FOR BULLS, HOWEVER, THE INDICES ARE INTO A TIGHT AND STIFF ZONE OF RESISTANCE THIS IS THE LIKELY POINT OF SELLING PRESSURE OR PROFIT BOOKING TO COMMENCE SO ONE IS ADVISED TO STAY EXTRA CAUTION.
TODAY NIFTY MAY OPEN SLIGHTLY POSITIVE BUT NIFTY MAY SEE A STIFF RESISTANCE AROUND 5072 LEVELS, MARKET MAY BE VOLATILE ONE HAS TO BE VERY CAUTIOUS AT THIS STAGE AS NIFTY MAY SLIDE DOWN AT ANY POINT WITH PROFIT BOOKING AT THIS HIGHER STAGES, I WOULD ADVICE TO STAY CAUTIOUS ON THE HIGHER LEVELS AND KEEP BOOKING PROFITS. TODAY IF NIFTY TRADES 5072 WITH GOOD VOLUMES THEN WE CAN SEE NIFTY TO MOVE UP TO 5125 AND THEN TO 5159 AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 5033 THEN IT IS LIKELY TO SLIDE DOWN TO 4990 AND BREAK BELOW THIS LEVEL MAY TAKE NIFTY TO 4956 AND ANY CLOSE BELOW 4967 IS DANGEROUS AND ONE IS ADVISED TO EXIT FROM LONGS AND CAN TAKE FRESH SHORTS OR CARRY OVER THE SHORTS TO THE NEXT TRADING SESSION. ONE CAN EYE SUGAR SECTOR FOR SHORTING.
BUY HDIL SL 362 TGT 369/376/381
BUY DLF SL 382 TGT 388/392
BUY SIEMENS SL 567 TGT 578/582
SELL BAJAJ HIND SL 225.7 TGT 218/214
SELL BANK BARODA SL 846 TGT 835/831
SELL LITL BELOW 550 SL 556 TGT 543/534/521
