GOOD MORNING!!!
THE THIRD STRAIGHT DAY GAINS ON WEDNESDAY FOR THE INDICES, WHICH HAS PAVED WAY CROSSING THE PSYCHOLOGICAL BARRIER OF 17000 MARK FOR SENSEX AND SLIGHLY LOWER THAN 5100 IN NIFTY AT THE FAG END OF THE TRADE BUT PROVISIONALLY CLOSED BELOW THAT LEVEL. METALS GAINED AFTER RISE IN METAL PRICES IN LME. REALITY, FMCG, HEALTHCARE, BANKING AND POWER STOCKS ROSE. THE MARKET BREADTH WAS STRONG. ALL THE SECTORAL INDICES WERE IN THE GREEN.
TODAY, MARKETS WOULD BE RANGE BOUND AND NIFTY IF TRADES ABOVE 5085 THEN LIKELY TO GO UPTO 5110 AND ABOVE THIS POINT IF NIFTY TRADES THEN LIKELY TO SEE NIFTY TO 5150 WHICH WOULD ACT AS A KEY RESISTANCE ZONE. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5052 THEN LIKELY TO TEST DOWNSIDE LEVEL OF 4997 AND BREAK BELOW THIS WOULD COME DOWN TO 4944 AND ANY CLOSE BELOW 4944 IS CONSIDERED TO BE VERY WEAK. STOCK SPECIFIC COUNTERS IN BANKING, PHARMA, CEMENT, AUTO AND FINANCIAL STOCKS STILL LOOKS POSITIVE ON CHARTS.
BUY HDFC SL 2594 TGT 2621/2646/2661
BUY HDFC BANK SL 1769 TGT 1786/1799/1808
BUY ICICI BANK SL 899 TGT 912/918/925
BUY MCDOWEL SL 1439 TGT 1465/1479/1498
TODAY, MARKETS WOULD BE RANGE BOUND AND NIFTY IF TRADES ABOVE 5085 THEN LIKELY TO GO UPTO 5110 AND ABOVE THIS POINT IF NIFTY TRADES THEN LIKELY TO SEE NIFTY TO 5150 WHICH WOULD ACT AS A KEY RESISTANCE ZONE. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5052 THEN LIKELY TO TEST DOWNSIDE LEVEL OF 4997 AND BREAK BELOW THIS WOULD COME DOWN TO 4944 AND ANY CLOSE BELOW 4944 IS CONSIDERED TO BE VERY WEAK. STOCK SPECIFIC COUNTERS IN BANKING, PHARMA, CEMENT, AUTO AND FINANCIAL STOCKS STILL LOOKS POSITIVE ON CHARTS.
BUY HDFC SL 2594 TGT 2621/2646/2661
BUY HDFC BANK SL 1769 TGT 1786/1799/1808
BUY ICICI BANK SL 899 TGT 912/918/925
BUY MCDOWEL SL 1439 TGT 1465/1479/1498
