GOOD MORNING!!!
INDICES OPENED ON HIGH NOTE TOUCHING 5300 MARKET IN THE OPENING OF THE MARKET AND KEPT ON NAGGING UP AND DOWN WITH PROFIT BOOKING AT EVERY HIGHER LEVELS IN THE MARKET, WITH EXPECTATIONS ON Q3 RESULTS MARKET MAY SEE SOME STRENGTH AND SUSTAIN THE SELLING ACTIVITY UNLESS AND UNTIL THE MARKET SEE SOME STRONG REVERSAL IN THE TREND. THOUGH MARKET BREADTH REMAINED POSITIVE IT WAS WEAKENED COMPARED TO A STRONG BREADTH WITNESSED IN EARLY TRADE.
TODAY MARKET WOULD BE RANGE BOUND AND MARKET SEEMS TO BE IN THE PHASE OF CONSOLIDATION ANY BREAKOUT FROM THE CURRENT LEVELS WOULD SHOW THE TREND. ONE HAS TO WATCH OUT FOR NIFTY BREAKING 5200 UNTIL THEN ONE CAN STAY LONG AND WE MAY SEE MARKET TO BE STOCK SPECIFIC DON’T SHORT ANYTHING THING BEFORE 5200 LEVELS THAT’S THE FIRST CONFIRMATION WHERE ONE CAN GO SHORT. ON THE UPSIDE IT NIFTY SUSTAINS ABOVE 5300 THEN LIKELY TO MOVE UP TO 5350 AND THEN TO 5385 AND THINKING OF SHORTING ONLY BELOW 5200. WE MAY EXPECT SOME POSITIVE BUYING IN REALITY AND PHARMA.
BUY RANBAXY SL 517 TGT 534/540
BUY APTECH SL 199.9 TGT 209/214
BUY DLF SL 376 TGT 381/384
BUY ABRILANUVO SL 943 TGT 965/974
BUY DIVISLAB SL 684 TGT 699/706/714
BUY SINTEX SL 287 TGT 295/299/304
TODAY MARKET WOULD BE RANGE BOUND AND MARKET SEEMS TO BE IN THE PHASE OF CONSOLIDATION ANY BREAKOUT FROM THE CURRENT LEVELS WOULD SHOW THE TREND. ONE HAS TO WATCH OUT FOR NIFTY BREAKING 5200 UNTIL THEN ONE CAN STAY LONG AND WE MAY SEE MARKET TO BE STOCK SPECIFIC DON’T SHORT ANYTHING THING BEFORE 5200 LEVELS THAT’S THE FIRST CONFIRMATION WHERE ONE CAN GO SHORT. ON THE UPSIDE IT NIFTY SUSTAINS ABOVE 5300 THEN LIKELY TO MOVE UP TO 5350 AND THEN TO 5385 AND THINKING OF SHORTING ONLY BELOW 5200. WE MAY EXPECT SOME POSITIVE BUYING IN REALITY AND PHARMA.
BUY RANBAXY SL 517 TGT 534/540
BUY APTECH SL 199.9 TGT 209/214
BUY DLF SL 376 TGT 381/384
BUY ABRILANUVO SL 943 TGT 965/974
BUY DIVISLAB SL 684 TGT 699/706/714
BUY SINTEX SL 287 TGT 295/299/304
