GOOD MORNING!!!
INDICES EDGED HIGHER AFTER A THREE DAY FALL TRIGGERED BY WORLD INDICES ALONG WITH HIGHER ADVANCE TAX PAYMENT. BANKING AND REALTY STOCKS GAINED. METAL STOCKS ALSO ROSE TRACKING HIGHER METAL PRICES ON THE LONDON METAL EXCHANGE. THE MARKET BREADTH WAS STRONG. THE GOVERNMENT HAS SIGNED TWO LOAN AGREEMENTS TOTALLING $850 MILLION WITH THE ASIAN DEVELOPMENT BANK (ADB), THE FINANCE MINISTRY SAID IN A STATEMENT ON TUESDAY. THE ADB WILL PROVIDE A $700-MILLION LOAN, IN THREE TRANCHES IN AS MANY YEARS, TO STATE-RUN INDIA INFRASTRUCTURE FINANCE COMPANY TO FUND THE COUNTRY'S INFRASTRUCTURE PROGRAMME. THE MANILA-BASED BANK WILL LEND $150 MILLION IN FOUR TRANCHES OVER A PERIOD OF THREE YEARS, THE STATEMENT ADDED, FOR THE RESTRUCTURING AND DEVELOPMENT OF KHADI INDUSTRY, WHICH MAKES INDIA'S TRADITIONAL HANDSPUN FABRIC. KEEP AN EYE ON MEDIA STOCKS, AND OIL
TODAY MARKETS WOULD BE VOLATILE AND RANGE BOUND NIFTY AS TOLD TOOK GOOD SUPPORT AT 4940 LEVELS AND BOUNCED BACK, IF NIFTY BREAKS 5003 THEN WILL HEAD TOWARDS 5070 LEVELS AND BREAK BELOW 4940 WOULD TAKE NIFTY TO MUCH LOWER LEVELS AS TOLD IN THE PREVIOUS TRANSCRIPT.
TODAY MARKETS WOULD BE VOLATILE AND RANGE BOUND NIFTY AS TOLD TOOK GOOD SUPPORT AT 4940 LEVELS AND BOUNCED BACK, IF NIFTY BREAKS 5003 THEN WILL HEAD TOWARDS 5070 LEVELS AND BREAK BELOW 4940 WOULD TAKE NIFTY TO MUCH LOWER LEVELS AS TOLD IN THE PREVIOUS TRANSCRIPT.
BUY JINDAL STEEL SL 709 TGT 719/725
BUY BPCL SL 604 TGT 616/624/640
BUY SAIL SL 222 TGT 230/234
BUY TATASTEEL SL 574 TGT 584/590
BUY IBREAL SL 207 TGT 216/218
