GOOD MORNING!!!
SELLING PRESSURE CROPPED IN THE MID DAY AFTER A STRONG GAINS TRACKING FIRM ASIAN STOCKS, IT WAS HIGHLY VOLATILE SESSION IN THE ENTIRE DAY. THOUGH THE MARKET BREADTH WAS STRONG, MARKETS ARE WAITING FOR THE TREND. SHARES FROM BANKING, AUTO AND HEALTHCARE SECTORS LED GAINS. SHARES OF STATE BANK OF INDIA (SBI) ROSE AFTER THE FINANCE MINISTER INTRODUCED A BILL IN THE LOK SABHA TO ALLOW THE BANK TO RAISE MORE CAPITAL FROM THE MARKET. IT STOCKS ROSE ON STRONG US ECONOMIC DATA. TELECOM SHARES DIPPED ON SELLING PRESSURE AFTER THE RECENT RISE.
TODAY MARKETS LOOKS VOLATILE AND NEGATIVELY BIASED. TODAY IF NIFTY TRADES BELOW 5 097 THEN LIKELY TO SEE IT TO TAKE SUPPORT AT 5060 AND BREAK BELOW THIS THEN WOULD TAKE NIFTY DOWN TO 5044 AND ANY CLOSE BELOW THIS POINT WOULD DECIDE THE TREND. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5120 THEN LIKELY TO TAKE NIFTY TO 5140 AND BREAK ABOVE THIS POINT WOULD TAKE IT TO 5170 ANY CLOSE ABOVE 5170 IS CONSIDERED TO BE BULLISH. STOCK SPECIFIC MOVEMENT WOULD TAKE PLACE. STOCKS WITH POSITIVE BIAS ARE INFINITE, JUBLFOOD, HANUNG, AQUA, HDFCBANK, HDFC, TATAELXSI, ZYLOG, PIRHEALTH, HITACHIHOM, JISLJALEQS, SRTRANSFIN, JUBILANT, GLODYNE, ARSS INFRA, JAGRAN PRAKASHAN.
BUY ZYDUSWELL SL 354 TGT 373/383/391
BUY ESCORTS SL 154 TGT 162/167/172
BUY MARUTI SL 1497 TGT 1521/1534/1545
BUY SBI SL 2039 TGT 2057/2067/2083
TODAY MARKETS LOOKS VOLATILE AND NEGATIVELY BIASED. TODAY IF NIFTY TRADES BELOW 5 097 THEN LIKELY TO SEE IT TO TAKE SUPPORT AT 5060 AND BREAK BELOW THIS THEN WOULD TAKE NIFTY DOWN TO 5044 AND ANY CLOSE BELOW THIS POINT WOULD DECIDE THE TREND. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5120 THEN LIKELY TO TAKE NIFTY TO 5140 AND BREAK ABOVE THIS POINT WOULD TAKE IT TO 5170 ANY CLOSE ABOVE 5170 IS CONSIDERED TO BE BULLISH. STOCK SPECIFIC MOVEMENT WOULD TAKE PLACE. STOCKS WITH POSITIVE BIAS ARE INFINITE, JUBLFOOD, HANUNG, AQUA, HDFCBANK, HDFC, TATAELXSI, ZYLOG, PIRHEALTH, HITACHIHOM, JISLJALEQS, SRTRANSFIN, JUBILANT, GLODYNE, ARSS INFRA, JAGRAN PRAKASHAN.
BUY ZYDUSWELL SL 354 TGT 373/383/391
BUY ESCORTS SL 154 TGT 162/167/172
BUY MARUTI SL 1497 TGT 1521/1534/1545
BUY SBI SL 2039 TGT 2057/2067/2083
