HAPPY PONGAL TO YOU & YOUR FAMILY
INDICES HAVE TURNED POSITIVE FROM A NEGATIVE TERRITORY TO A MUCH BETTER POSITIVE ZONE WHERE NIFTY CAN STAND FIRM AT THIS LEVEL TAKING A FIRM SUPPORT AROUND 5160 LEVELS, NIFTY REBOUNDED FROM THE 5175 LEVELS AND MOVED TO A MUCH BETTER PLACE TURNING THE CONSOLIDATED PHASE TO A MUCH BETTER POSITIVE TERRITORY. INDICES HAVE REGAINED ON THE HOPE OF BETTER Q3 RESULTS. RELIANCE ALONG WITH IT STOCKS AND METALS HAVE PULLED UP WITH STRONG BREADTH.
NIFTY LOOKS POSITIVE AND IT IS OBSERVED THAT ACCUMULATION IN MANY STOCK SPECIFIC COUNTERS IS HAPPENING AHEAD OF BUDGET. ONE SHOULD NOT NEGATE THAT MARKET IS STILL BULLISH AND ANY SHORTS BEFORE TREND REVERSAL MAY PUT TRADER IN A VERY DIRE SITUATION SO ONE NEEDS TO OBSERVE THAT FOLLOWING TREND WOULD PUT AN INVESTOR/TRADER ON A MUCH BETTER ZONE. TODAY IF NIFTY TRADES ABOVE 5246 THEN IT IS LIKELY TO MOVE UP TO 5276 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5316 ANY CLOSE ABOVE 5276 IS CONSIDERED TO BE BULLISH ONE CAN TAKE FRESH LONG POSITIONS IF NIFTY CLOSES ABOVE 5276 LEVELS AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 5230 THEN LIKELY TO SLIDE DOWN TO 5177 AND BREAK BELOW THIS WOULD TAKE NIFTY TO 5144 AND ANY CLOSE BELOW 5197 IS CONSIDERED TO BE WEAK AND ONE CAN INITIATE FRESH SHORTS AND CAN CARRY THE SHORT POSITIONS FOR THE NEXT TRADING SESSIONS.
BUY SAIL SL 238.4 TGT 244/248/253
BUY HDIL SL 367 TGT 379/384
BUY GTLINFRA SL 41.35 TGT 45.8/46.7/47.8
BUY EVERONN SL 419 TGT 434/439
BUY TINPLACE SL 88 TGT 93/95
POSITIONAL CALLS
BUY IGARASHI MOTORS INDIA AT 49 TGT 100/150/200
BUY FRESHTROP FRUITS TGT 75/125
NIFTY LOOKS POSITIVE AND IT IS OBSERVED THAT ACCUMULATION IN MANY STOCK SPECIFIC COUNTERS IS HAPPENING AHEAD OF BUDGET. ONE SHOULD NOT NEGATE THAT MARKET IS STILL BULLISH AND ANY SHORTS BEFORE TREND REVERSAL MAY PUT TRADER IN A VERY DIRE SITUATION SO ONE NEEDS TO OBSERVE THAT FOLLOWING TREND WOULD PUT AN INVESTOR/TRADER ON A MUCH BETTER ZONE. TODAY IF NIFTY TRADES ABOVE 5246 THEN IT IS LIKELY TO MOVE UP TO 5276 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5316 ANY CLOSE ABOVE 5276 IS CONSIDERED TO BE BULLISH ONE CAN TAKE FRESH LONG POSITIONS IF NIFTY CLOSES ABOVE 5276 LEVELS AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 5230 THEN LIKELY TO SLIDE DOWN TO 5177 AND BREAK BELOW THIS WOULD TAKE NIFTY TO 5144 AND ANY CLOSE BELOW 5197 IS CONSIDERED TO BE WEAK AND ONE CAN INITIATE FRESH SHORTS AND CAN CARRY THE SHORT POSITIONS FOR THE NEXT TRADING SESSIONS.
BUY SAIL SL 238.4 TGT 244/248/253
BUY HDIL SL 367 TGT 379/384
BUY GTLINFRA SL 41.35 TGT 45.8/46.7/47.8
BUY EVERONN SL 419 TGT 434/439
BUY TINPLACE SL 88 TGT 93/95
POSITIONAL CALLS
BUY IGARASHI MOTORS INDIA AT 49 TGT 100/150/200
BUY FRESHTROP FRUITS TGT 75/125
