GOOD MORNING!!!
THE KEY BENCHMARK INDICES REGISTERED MARGINAL GAINS AFTER MOVING IN A TIGHT RANGE THROUGHOUT THE DAY. THE MARKET DROPPED IN EARLY TRADE TRACKING WEAK ASIAN STOCKS. THE MARKET RECOVERED IN MORNING TRADE AS SOME ASIAN STOCKS REBOUNDED. IT MOVED IN A NARROW RANGE IN MID-MORNING TRADE. THE MARKET PARED GAINS AFTER HITTING FRESH INTRADAY HIGH IN EARLY AFTERNOON TRADE. THE MARKET ERASED ALMOST ITS ENTIRE GAINS IN EARLY AFTERNOON TRADE. THE MARKET RECOVERED LATER. INDIA'S LARGEST CAR MAKER BY SALES MARUTI SUZUKI INDIA FELL MORE THAN 3% AFTER THE COMPANY SAID IT HAS RECALLED 1 LAKH A-STAR CARS TO FIX FUEL LEAKAGE PROBLEMS. EUROPEAN STOCKS REVERSED EARLY GAINS. IN CONTRAST, ASIAN STOCKS RECOVERED FROM INITIAL LOSSES. IT AND BANKING STOCKS ROSE. REALTY SHARES GAINED ON EXPECTATIONS OF FAVORABLE MEASURES FOR THE SECTOR IN THE UPCOMING UNION BUDGET 2010-11 ON 26 FEBRUARY 2010. BUT AUTO STOCKS FELL ON FEARS OF HIKE IN EXCISE DUTIES IN THE BUDGET.
THE MARKET BREADTH, INDICATING THE OVERALL HEALTH OF THE MARKET WAS WEAK.
TODAY MARKETS MAY OPEN GAP DOWN. IF NIFTY TRADES BELOW 4840 LIKELY TO COME DOWN TO 4800 AND BREAK BELOW THIS LEVEL WOULD LEAD NIFTY TO 4760 AND ANY CLOSE BELOW 4800 IS CONSIDERED TO BE VERY WEAK ON NIFTY. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 4897 ONE IS ADVISED TO GO FOR BUYING AND IF NIFTY CLOSES ABOVE THIS POINT ONE CAN TAKE LONG POSITION WITH LIMITED RISK AND IF NIFTY CLOSES ABOVE 4944 THEN ONE CAN INVEST 50 TO 75% OF THEIR CAPITAL ON THE LONG SIDE. YOU MAY SEE HUGE VOLATALITY ON RAILWAY RELATED STOCKS DURING RAILWAY BUDGET TODAY.
BUY ICRA SL 890 TGT 959/975/1000
SELL TATASTEEL SL 580 TGT 563/556
SELL STERLITE SL 771 TGT 752/735/724
SELL TATA MOTOR SL 705 TGT 693/684
SELL HDIL SL 301 TGT 289/284/280
THE MARKET BREADTH, INDICATING THE OVERALL HEALTH OF THE MARKET WAS WEAK.
TODAY MARKETS MAY OPEN GAP DOWN. IF NIFTY TRADES BELOW 4840 LIKELY TO COME DOWN TO 4800 AND BREAK BELOW THIS LEVEL WOULD LEAD NIFTY TO 4760 AND ANY CLOSE BELOW 4800 IS CONSIDERED TO BE VERY WEAK ON NIFTY. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 4897 ONE IS ADVISED TO GO FOR BUYING AND IF NIFTY CLOSES ABOVE THIS POINT ONE CAN TAKE LONG POSITION WITH LIMITED RISK AND IF NIFTY CLOSES ABOVE 4944 THEN ONE CAN INVEST 50 TO 75% OF THEIR CAPITAL ON THE LONG SIDE. YOU MAY SEE HUGE VOLATALITY ON RAILWAY RELATED STOCKS DURING RAILWAY BUDGET TODAY.
BUY ICRA SL 890 TGT 959/975/1000
SELL TATASTEEL SL 580 TGT 563/556
SELL STERLITE SL 771 TGT 752/735/724
SELL TATA MOTOR SL 705 TGT 693/684
SELL HDIL SL 301 TGT 289/284/280
