GOOD MORNING!!!
ALL THE INDICES IN THE MARKET HAVE OUTPERFORMED AFTER THE FINANCE MINISTER, PRANAB MUKHERJEE, SAID THE ECONOMY COULD GROW BY 7.5% TO 8% DURING THE CURRENT FINANCIAL YEAR, THIS HAS TRIGGERED THE MARKETS TO THE NEW HIGH WITH FII’S PARTICIPATING IN A HIGH NOTE ALONG WITH RETAILERS. ALL THE FRONT END STOCKS HAVE MOVED EXCEPTIONALLY WELL. ON THE TECHNICAL TERMS AS TOLD TO EVERYONE ONE SHOULD GO LONG WITH A STRICT STOPLOSS OF 4940 MARKET HAS TAKEN STRONG SUPPORT AT THIS JUNCTURE AND HAS BOUNCED BACK AS TOLD, THIS BULL RUN WILL CONTINUE IF NIFTY BREAKS 5240 AND SUSTAINS WITH VOLUMES.
TODAY IF NIFTY TRADES ABOVE 5164 THEN WE ARE LIKELY TO RESIST 5190 LEVELS AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5350 LEVELS ANY CLOSING ABOVE 5200 IS EXPECTED TO BE VERY BULLISH AND ONE CAN GO LONG. IF NIFTY BREAKS BELOW 5140 THEN LIKELY TO COME DOWN TO 5106 AND BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 5070 WHICH WE MAY NOT SEE TODAY.
BUY JINDALSTEEL SL 720 TGT 735/745/752
BUY SAIL SL 234 TGT 239/243/249
BUY SUZLON SL 87.4 TGT 90.5/94.3/98
BUY PRAJ SL 100.85 TGT 104.5/107.8/110
TODAY IF NIFTY TRADES ABOVE 5164 THEN WE ARE LIKELY TO RESIST 5190 LEVELS AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5350 LEVELS ANY CLOSING ABOVE 5200 IS EXPECTED TO BE VERY BULLISH AND ONE CAN GO LONG. IF NIFTY BREAKS BELOW 5140 THEN LIKELY TO COME DOWN TO 5106 AND BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 5070 WHICH WE MAY NOT SEE TODAY.
BUY JINDALSTEEL SL 720 TGT 735/745/752
BUY SAIL SL 234 TGT 239/243/249
BUY SUZLON SL 87.4 TGT 90.5/94.3/98
BUY PRAJ SL 100.85 TGT 104.5/107.8/110
