GOOD MORNING!!!
INDICES DROPPED IN CHOPPY TRADE, EXTENDING LOSSES FOR THE SECOND STRAIGHT DAY AS THE US FEDERAL RESERVE'S DECISION TO RAISE ITS DISCOUNT RATE HURT INVESTOR SENTIMENT. GLOBAL STOCKS AND US INDEX FUTURES FELL AFTER THE US FEDERAL RESERVE RAISED ITS DISCOUNT RATE FOR THE FIRST TIME SINCE THE FINANCIAL CRISIS. THE LATEST FED MOVE STOKED EXPECTATIONS THAT A HIKE IN THE FED'S MAIN POLICY RATE COULD FOLLOW SOONER THAN MANY HAD ANTICIPATED. REALTY, METAL, AUTO, IT AND BANKING STOCKS FELL. THE MARKET BREADTH WAS WEAK.
TODAY MARKETS MAY BE POSITIVELY BIASED WITH GLOBAL CUES LOOKING POSITIVE AND THE VOLATILITY WOULD BE THE KEY FACTOR WITH FNO EXPIRY AHEAD. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 4875 THEN MAY HEAD TOWARDS 4926 AND BREAK AND TRADE ABOVE THIS POINT WOULD TAKE NIFTY TO 4944 ANY CLOSE ABOVE 4944 WOULD REVERSE THE TREND IN THE MARKET TO POSITIVE ZONE. TODAY IF NIFTY TRADES BELOW 4840 THEN TAKE NIFTY TO 4800 BREAK BELOW 4800 WOULD TAKE NIFTY TO 4740 AND ANY CLOSE BELOW 4740 WOULD DRAG MARKETS TO 4512 IN A VERY SHORT TERM. TODAY WITH RAILWAY BUDGET WE MAY SEE STOCKS LIKE MIC ELELCTRONICS, BEL, BARTRONICS, KALINDEE RAIL, EKC, TITAGARH WAGAON, TEXMACO AND FEW OTHER RELATED SECTOR MAY HAVE LOT OF VOLATILITY.
BUY MIC ELECTRONICS SL 41 TGT 47/49
BUY ABGSHIPYARD SL 257 TGT 267/278/284
BUY TITAGARH WAGON SL 449 TGT 465/475/488
BUY DALMIA CEMENTS SL 209 TGT 220/225 POSITIONAL TGT OF 245
BUY BEL SL 2039 TGT 2115/2141/2176
BUY EDUCOMP SL 690 TGT 724/743/764
POSITIONAL TRADES
BUY ISPAT IND AT 18.85 TGT 24/30
TODAY MARKETS MAY BE POSITIVELY BIASED WITH GLOBAL CUES LOOKING POSITIVE AND THE VOLATILITY WOULD BE THE KEY FACTOR WITH FNO EXPIRY AHEAD. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 4875 THEN MAY HEAD TOWARDS 4926 AND BREAK AND TRADE ABOVE THIS POINT WOULD TAKE NIFTY TO 4944 ANY CLOSE ABOVE 4944 WOULD REVERSE THE TREND IN THE MARKET TO POSITIVE ZONE. TODAY IF NIFTY TRADES BELOW 4840 THEN TAKE NIFTY TO 4800 BREAK BELOW 4800 WOULD TAKE NIFTY TO 4740 AND ANY CLOSE BELOW 4740 WOULD DRAG MARKETS TO 4512 IN A VERY SHORT TERM. TODAY WITH RAILWAY BUDGET WE MAY SEE STOCKS LIKE MIC ELELCTRONICS, BEL, BARTRONICS, KALINDEE RAIL, EKC, TITAGARH WAGAON, TEXMACO AND FEW OTHER RELATED SECTOR MAY HAVE LOT OF VOLATILITY.
BUY MIC ELECTRONICS SL 41 TGT 47/49
BUY ABGSHIPYARD SL 257 TGT 267/278/284
BUY TITAGARH WAGON SL 449 TGT 465/475/488
BUY DALMIA CEMENTS SL 209 TGT 220/225 POSITIONAL TGT OF 245
BUY BEL SL 2039 TGT 2115/2141/2176
BUY EDUCOMP SL 690 TGT 724/743/764
POSITIONAL TRADES
BUY ISPAT IND AT 18.85 TGT 24/30
