GOOD MORNING!!!
INDICES EDGED HIGHER AS ON REPORTS BANKS ARE UNLIKELY TO RAISE LENDING RATES IN THE NEAR TERM EVEN IF THE CENTRAL BANK SIGNALS A TIGHTENING OF THE MONETARY POLICY BY HIKING THE CASH RESERVE RATIO (CRR). REALTY STOCKS FELL. BUT BANKING, AUTO AND IT STOCKS GAINED. THE MARKET WAS VOLATILE. OVERALL THE STRENGTH OF THE MARKET REMAINED POSITIVE FOR THE ENTIRE DAY.
TODAY NIFTY EVEN IF IT OPENS NEGATIVE TO FLAT MARKET MAY REMAIN POSITIVE UNLESS AND UNTIL IT BREACHES THE SUPPORT GIVEN BELOW. IF NIFTY TRADES ABOVE 5276 LIKELY TO GO TO 5311 AND TRADE ABOVE THIS POINT WOULD TAKE NIFTY TO 5350 AND THEN TO 5400 ANYTHING ABOVE 5311 IS CONSIDERED TO BE VERY GOOD AND WILL MOVE STRONGLY FROM THAT POINT TO ANOTHER 100 POINTS. AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 5257 THEN LIKELY TO COME DOWN TO 5238 AND BELOW THIS LEVEL WOULD TAKE NIFTY TO 5202 ANY CLOSE BELOW 5200 IS CONSIDERED TO BE WEAK. ONE IS ADVISED TO STAY SHORT BELOW 5202. APART FROM THE RECOMMENDATION GIVEN BELOW REALITY, AUTO, BANKING LOOKS STRONG AND THE STOCKS IN POSITIVE ZONE ARE GSPL, GTL, HCC, GVKPIL, HEROHONDA, INDHOT, IFCI, INDIAINFO, INDIANBANK, CANPAND, JINDALSTEL, JPHYDRO, KOTAKBANK, MTNL, PANTALOON.
BUY BANK OF BARODA SL 544 TGT 560/567/572
BUY BHARAT FORGE SL 300 TGT 305/308
BUY CUMMINSIND SL 444 TGT 459/464/470
BUY DLF SL 382 TGT 389/394/399
BUY HDIL SL 382 TGT 392/396/399
BUY AXIS BANK SL 1099 TGT 1115/1119/1125
BUY GAIL SL 434 TGT 445/450
BUY SRF SL 215 TGT 221/223/225
POSITIONAL CALLS
NAVIN FLUORINE AT 386 TGT 500/600/700/800
BUY PURAVANKARA AT 119 TGT 150/200
TODAY NIFTY EVEN IF IT OPENS NEGATIVE TO FLAT MARKET MAY REMAIN POSITIVE UNLESS AND UNTIL IT BREACHES THE SUPPORT GIVEN BELOW. IF NIFTY TRADES ABOVE 5276 LIKELY TO GO TO 5311 AND TRADE ABOVE THIS POINT WOULD TAKE NIFTY TO 5350 AND THEN TO 5400 ANYTHING ABOVE 5311 IS CONSIDERED TO BE VERY GOOD AND WILL MOVE STRONGLY FROM THAT POINT TO ANOTHER 100 POINTS. AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 5257 THEN LIKELY TO COME DOWN TO 5238 AND BELOW THIS LEVEL WOULD TAKE NIFTY TO 5202 ANY CLOSE BELOW 5200 IS CONSIDERED TO BE WEAK. ONE IS ADVISED TO STAY SHORT BELOW 5202. APART FROM THE RECOMMENDATION GIVEN BELOW REALITY, AUTO, BANKING LOOKS STRONG AND THE STOCKS IN POSITIVE ZONE ARE GSPL, GTL, HCC, GVKPIL, HEROHONDA, INDHOT, IFCI, INDIAINFO, INDIANBANK, CANPAND, JINDALSTEL, JPHYDRO, KOTAKBANK, MTNL, PANTALOON.
BUY BANK OF BARODA SL 544 TGT 560/567/572
BUY BHARAT FORGE SL 300 TGT 305/308
BUY CUMMINSIND SL 444 TGT 459/464/470
BUY DLF SL 382 TGT 389/394/399
BUY HDIL SL 382 TGT 392/396/399
BUY AXIS BANK SL 1099 TGT 1115/1119/1125
BUY GAIL SL 434 TGT 445/450
BUY SRF SL 215 TGT 221/223/225
POSITIONAL CALLS
NAVIN FLUORINE AT 386 TGT 500/600/700/800
BUY PURAVANKARA AT 119 TGT 150/200
