GOOD MORNING!!!
THE KEY BENCHMARK INDICES JUMPED AS FIRM GLOBAL STOCKS BOOSTED INVESTOR SENTIMENT. THE MARKET PARED GAINS SOON AFTER A FIRM START TRIGGERED BY HIGHER ASIAN STOCKS. IT MOVED BETWEEN POSITIVE AND NEGATIVE TERRAIN IN MORNING TRADE. THE MARKET REGAINED STRENGTH IN MID-MORNING TRADE. IT PARED GAINS ONCE AGAIN IN EARLY AFTERNOON TRADE. THE NIFTY SPURTED TO HIT FRESH DAY'S HIGH IN AFTERNOON TRADE. IT EXTENDED GAINS LATER. THE MARKET WITNESSED A SHARP SURGE AT THE FAG END OF THE TRADING SESSION. CAPITAL GOODS, IT, BANKING, AUTO, HEALTHCARE AND METAL STOCKS LED THE RALLY.. THE MARKET BREADTH WAS POSITIVE. ALL THE SECTORAL INDICES WERE IN GREEN.
TODAY MARKETS LOOK POSITIVE ON THE LAST DAYS VOLUMES AND GLOBAL RALLY ALONG WITH ASIAN STOCKS TRADING HIGHER. NIFTY IF TRADES ABOVE 4855 THEN LIKELY TO HEAD TOWARDS 4905 AND BREAK ABOVE THIS POINT WOULD GO TO 4950 AND ANY CLOSE ABOVE 4944 IS CONSIDERED TO BE VERY CRUCIAL IN THE NIFTY POINT OF VIEW AND MAY SEE FURTHER UPSIDE IN THIS PRE BUDGET RALLY, ELSE ONE CAN CONSIDER THIS RALLY AS A RETRACEMENT TO RECENT FALL AND IS LIKELY TO TOUCH 4944 LEVELS AND GO DOWN FURTHER IN THE NEAR FUTURE. NIFTY ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 4850 THEN LIKELY TO SEE A DIP TILL 4802 AND BREAK BELOW THIS WOULD TAKE NIFTY 4766 BUT THE CHANCES ON INTRADAY IS LESS. TEXTILE STOCKS GIVEN A POSITIVE BREAKOUT ALONG WITH CEMENT STOCKS.
BUY PUNJLLOYD SL 180 TGT 186/190/192
BUY CAIRN SL 263.4 TGT 268/272/275
BUY IBREAL SL 180 TGT 186/191/200
BUY RANBAXY SL 438 TGT 446/455/460
BUY BHARATFORG SL 254 TGT 260/264/268
POSITIONAL TRADES
BUY VARUN INDS TGT 240/310 (SHORT TERM)*
BUY VIPIND TGT 325 (SHORT TERM)*
BUY RANE (MADRAS) TGT 140**
BUY JAIN IRRIGATION TGT 1200
