GOOD MORNING!!!
THE KEY BENCHMARK INDICES SURGED ON FIRM GLOBAL STOCKS BOOSTED INVESTOR SENTIMENT. METAL, CONSUMER DURABLES, REALTY, BANKING AND CAPITAL GOODS STOCKS ROSE. THE MARKET BREADTH WAS STRONG. ALL THE SECTORAL INDICES WERE IN THE GREEN. MARKET WAS UNIDIRECTIONAL THROUGH OUT THE DAY WITH INDICES HEADING TOWARDS HIGHER HIGHS ALL IN ALL IT WAS A VERY GOOD DAY FOR THE MARKETS WITH FRONT END STOCKS SHOWING GREAT BOUNCE FROM A VERY WEAK POSITION ON THE PREVIOUS DAY CLOSE.
TODAY MARKETS LOOKS OPEN NEGATIVE AS ASIAN AND GLOBAL CUES HAVE SHOWN WEAKNESS. IF NIFTY TRADES BELOW 4920 THEN LIKELY TO SEE 4889 AND BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 4844 AND ANY BREAK BELOW THIS POINT WOULD TAKE NIFTY TO 4805 LEVELS. IF NIFTY TRADES ABOVE 4944 WE MAY NOT LIKELY TO INCH LOWER. TODAY IF NIFTY TRADES ABOVE 4944 THEN WE ARE LIKELY TO HEAD TOWARDS 4996 AND ANY BREAK ABOVE THIS POINT IS CONSIDERED TO BE VERY BULLISH AND WE MAY HEAD TOWARDS 5052 AND THEN MUCH HIGHER. ONE IS ADVISED NOT TO GO LONG IN MANY COUNTERS BELOW 4944 AND DON’T UTILISE ALL YOUR CAPITAL AS MARKET, WHEN DECLINES CAN GO TO MUCH LOWER LEVELS THAN ANTICIPATED SO BETTER TO STAY INVESTED NOT MORE THAN 40 TO 50% OF THE CAPITAL, THIS IS THE STAGE WHERE ONE CAN THINK OF EXITING AND DILUTING YOUR POSITIONS IF MARKET REMAINS BELOW 4944 AND KEEP CASH IN HAND TO BUY AT LOWER LEVELS ONLY ABOVE 4944 HOLD POSITIONS ELSE DON’T HOLD MORE THAN 40 TO 50% OF YOUR CAPITAL. CEMENTS MAY SHOW STRENGTH ON GOOD SALES. BUY THE BELOW RECOMMENDATIONS ONLY WHEN THE STOCKS ARE TRADING ABOVE CLOSING PRICE.
BUY MCDOWELL SL 1277 TGT 1318/1328/1349
BUY JSW ENERGY SL 103 TGT 114/119
BUY IBREAL SL 170 TGT 184/190
BUY SAIL SL 214 TGT 224/227
POSITIONAL TRADES
BUY PRAKASH INDS TGT 235/270
BUY JK TYRE TGT 205/244
BUY ABG SHIPYARD TGT 360/395/452
BUY KABRA EXTRUSION TGT 231/310/355
BUY TITAN TGT 1967/2500
BUY HIND COPPER TGT 761/901
TODAY MARKETS LOOKS OPEN NEGATIVE AS ASIAN AND GLOBAL CUES HAVE SHOWN WEAKNESS. IF NIFTY TRADES BELOW 4920 THEN LIKELY TO SEE 4889 AND BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 4844 AND ANY BREAK BELOW THIS POINT WOULD TAKE NIFTY TO 4805 LEVELS. IF NIFTY TRADES ABOVE 4944 WE MAY NOT LIKELY TO INCH LOWER. TODAY IF NIFTY TRADES ABOVE 4944 THEN WE ARE LIKELY TO HEAD TOWARDS 4996 AND ANY BREAK ABOVE THIS POINT IS CONSIDERED TO BE VERY BULLISH AND WE MAY HEAD TOWARDS 5052 AND THEN MUCH HIGHER. ONE IS ADVISED NOT TO GO LONG IN MANY COUNTERS BELOW 4944 AND DON’T UTILISE ALL YOUR CAPITAL AS MARKET, WHEN DECLINES CAN GO TO MUCH LOWER LEVELS THAN ANTICIPATED SO BETTER TO STAY INVESTED NOT MORE THAN 40 TO 50% OF THE CAPITAL, THIS IS THE STAGE WHERE ONE CAN THINK OF EXITING AND DILUTING YOUR POSITIONS IF MARKET REMAINS BELOW 4944 AND KEEP CASH IN HAND TO BUY AT LOWER LEVELS ONLY ABOVE 4944 HOLD POSITIONS ELSE DON’T HOLD MORE THAN 40 TO 50% OF YOUR CAPITAL. CEMENTS MAY SHOW STRENGTH ON GOOD SALES. BUY THE BELOW RECOMMENDATIONS ONLY WHEN THE STOCKS ARE TRADING ABOVE CLOSING PRICE.
BUY MCDOWELL SL 1277 TGT 1318/1328/1349
BUY JSW ENERGY SL 103 TGT 114/119
BUY IBREAL SL 170 TGT 184/190
BUY SAIL SL 214 TGT 224/227
POSITIONAL TRADES
BUY PRAKASH INDS TGT 235/270
BUY JK TYRE TGT 205/244
BUY ABG SHIPYARD TGT 360/395/452
BUY KABRA EXTRUSION TGT 231/310/355
BUY TITAN TGT 1967/2500
BUY HIND COPPER TGT 761/901
