GOOD MORNING!!!
THE KEY BENCHMARK INDICES ROSE FOR THE SECOND STRAIGHT DAY TRACKING FIRM GLOBAL STOCKS. METAL, BANKING, CONSUMER DURABLES AND AUTO STOCKS ROSE. THE MARKET BREADTH WAS STRONG. THE MARKET OPENED ON A FIRM NOTE TRACKING GAINS IN ASIAN STOCKS. THE MARKET EXTENDED GAINS IN MID-MORNING TRADE. AFTER A SMALL CORRECTION, THE MARKET REGAINED STRENGTH IN EARLY AFTERNOON TRADE. THE MARKET CAME OFF THE HIGHER LEVEL IN AFTERNOON TRADE. VOLATILITY RULED THE ROOST AS THE MARKET FURTHER PARED GAINS IN MID-AFTERNOON TRADE. THE MARKET REGAINED STRENGTH LATER. EUROPEAN EQUITIES ADVANCED FOR A THIRD STRAIGHT SESSION ON WEDNESDAY AS FORECAST-BEATING RESULTS FROM BNP PARIBAS HELPED BANKING STOCKS AND STRONGER COMMODITY PRICES SUPPORTED MINING AND ENERGY SHARES. THE KEY BENCHMARK INDICES IN FRANCE, GERMANY AND UK ROSE BY BETWEEN 0.79% TO 1.48%.
TODAY MARKET LOOKS VOLATILE ON MIXED GLOBAL CUES. IF NIFTY TRADES ABOVE 4944 THEN WE MAY SEE AN UPSIDE TREND TO CREEP IN THE MARKETS BUT THIS TREND WOULD LAST ONLY IF NIFTY CLOSES ABOVE 4944 AND TRADES FIRM. THEN WE MAY HEAD TOWARDS UPSIDE AND ONE CAN STAY LONG ABOVE THIS POINT BUT KEEPING IN MIND THAT 4944 IS THE STOPLOSS EVEN IF ONE TAKES POSITION ABOVE 4944. AND ON THE DOWNSIDE BELOW 4944 IS CONSIDERED TO BE A GOOD BET FOR SHORTING SO ONE CAN TAKE CALCULATED RISK ON THE DOWNSIDE. WE MAY SEE SOME GOOD MOVMENT IN FERTILIZERS, RAILWAY RELATED STOCKS, BANKING, EDUCATION STOCKS ALONG WITH SUGARS LOOK POSITIVE.
BUY BAJAJHIND SL 179.9 TGT 184.5/188/192
BUY GESHIP SL 276 TGT 283/286/291
BUY EDUCOMP SL 689 TGT 714/726/740
BUY SBIN SL 1943 TGT 1969/1974/1987
BUY WELGUJ SL 249.9 TGT 258/263/265
TODAY MARKET LOOKS VOLATILE ON MIXED GLOBAL CUES. IF NIFTY TRADES ABOVE 4944 THEN WE MAY SEE AN UPSIDE TREND TO CREEP IN THE MARKETS BUT THIS TREND WOULD LAST ONLY IF NIFTY CLOSES ABOVE 4944 AND TRADES FIRM. THEN WE MAY HEAD TOWARDS UPSIDE AND ONE CAN STAY LONG ABOVE THIS POINT BUT KEEPING IN MIND THAT 4944 IS THE STOPLOSS EVEN IF ONE TAKES POSITION ABOVE 4944. AND ON THE DOWNSIDE BELOW 4944 IS CONSIDERED TO BE A GOOD BET FOR SHORTING SO ONE CAN TAKE CALCULATED RISK ON THE DOWNSIDE. WE MAY SEE SOME GOOD MOVMENT IN FERTILIZERS, RAILWAY RELATED STOCKS, BANKING, EDUCATION STOCKS ALONG WITH SUGARS LOOK POSITIVE.
BUY BAJAJHIND SL 179.9 TGT 184.5/188/192
BUY GESHIP SL 276 TGT 283/286/291
BUY EDUCOMP SL 689 TGT 714/726/740
BUY SBIN SL 1943 TGT 1969/1974/1987
BUY WELGUJ SL 249.9 TGT 258/263/265
