GOOD MORNING!!!
WORRIES ON GLOBAL MARKETS, INFLATION NUMBERS AND DISAPPOINTING FRONTLINE Q3 NUMBERS HAS TRIGGERED A SELLING WAVE ON THE BOURSES. MARKET BREADTH WAS VERY WEAK AS ALMOST ALL THE SECTORAL INDICES FELL AMONG THEM HIGH BETA INFRASTRUCTURE SHARES WERE THE WORST HIT IN THE SELL-OFF. L&T NUMBERS HAS PULLED THE MARKET WITH THEIR RESULTS DOWNGRADED TO 50% FROM THE PREVIOUS QUARTER. ICICI BANK NUMBERS WERE ALSO DISAPPOINTING ALONG WITH BHEL AS THEY NOT INLINE WITH THE MARKET EXPECTATIONS. BANKING SHARES STARTED BOOKING PROFITS AHEAD OF MONETARY POLICY REVIEW.
TODAY MARKETS LOOK WEAK ON THE FACTORS LIKE GLOBAL QUES, WEAK FRONTLINE INDICES, PROFIT TAKING, FNO EXPIRY AHEAD ALONG WITH RBI MONETARY POLICY AHEAD. TODAY WE MAY SEE A GAP DOWN OPENING IN NIFTY AND IN THE GAP DOWN IF NIFTY TRADES BELOW 5052 THEN IT IS EXPECTED TO COME DOWN TO 4996 AND BREAK BELOW THIS LEVEL WOULD DRAG NIFTY TO 4944 LEVELS. BE CAUTIOUS AND DON’T HOLD POSITIONS ON LONG SIDE AT THIS LEVEL UNTIL NIFTY TRADES ABOVE 5168 LEVELS.
SELL TATAPOWER TGT 1345/1328/1312
SELL STERLITE TGT 808/797/781
SELL CAIRN TGT 276/272/268
SELL HCL TECH 366/362/358
SELL HDFC SL 2451 TGT 2410/2384
SELL BHEL SL 2301 TGT 2261/2242/2223
SELL ICICI BANK SL 856 TGT 830/817
SELL ABB SL 841 TGT 823/816/806
SELL SIEMENS SL 631 TGT 620/607/598
TODAY MARKETS LOOK WEAK ON THE FACTORS LIKE GLOBAL QUES, WEAK FRONTLINE INDICES, PROFIT TAKING, FNO EXPIRY AHEAD ALONG WITH RBI MONETARY POLICY AHEAD. TODAY WE MAY SEE A GAP DOWN OPENING IN NIFTY AND IN THE GAP DOWN IF NIFTY TRADES BELOW 5052 THEN IT IS EXPECTED TO COME DOWN TO 4996 AND BREAK BELOW THIS LEVEL WOULD DRAG NIFTY TO 4944 LEVELS. BE CAUTIOUS AND DON’T HOLD POSITIONS ON LONG SIDE AT THIS LEVEL UNTIL NIFTY TRADES ABOVE 5168 LEVELS.
SELL TATAPOWER TGT 1345/1328/1312
SELL STERLITE TGT 808/797/781
SELL CAIRN TGT 276/272/268
SELL HCL TECH 366/362/358
SELL HDFC SL 2451 TGT 2410/2384
SELL BHEL SL 2301 TGT 2261/2242/2223
SELL ICICI BANK SL 856 TGT 830/817
SELL ABB SL 841 TGT 823/816/806
SELL SIEMENS SL 631 TGT 620/607/598
