GOOD MORNING!!!
KEY INDICES CUT GAINS IN THE LATER HALF OF THE DAY AFTER HITTING THEIR HIGHEST LEVEL IN THE LAST TWO MONTHS. MARKET BREADTH TURNED WEAK IN CONTRAST TO A STRONG BREADTH EARLIER IN THE DAY. WORLD STOCKS ALSO ROSE AFTER THE US FED HELD BENCHMARK RATES NEAR ZERO AND MAINTAINED ITS PLEDGE TO KEEP THEM LOW FOR AN EXTENDED PERIOD. CAPITAL GOODS, METALS AND PHARAM STOCKS ROSE WHILE REALITY WAS WEAK. MARKETS SURGED IN EARLY TRADE TRACKING FIRM GLOBAL STOCKS THERE AFTER MOVED IN NARROW RANGE TILL AFTERNOON BEFORE IT WITNESSED A SELL OFF .
TODAY MARKET LOOKS POSITIVE AND MAY BE IN A STIFF RANGE BOUND. IF NIFTY TRADES ABOVE 5250 THEN LIKELY TO TOUCH 5300 AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 5220 THEN LIKELY TO DIP DOWN TO 5200 AND THEN TO 5170 AND ANY BREAK BELOW THIS LEVEL WOULD COME DOWN TO 5140. BE CAUTIOUS IN THE MARKET AS MANY OF THE COUNTERS ARE IN OVER BUYING ZONE EVEN TO MOVE UP IT HAS TO CONSOLIDATE AT THE CURRENT LEVELS. VERY STOCK SPECIFIC MOVES WOULD BE WITNESSED IN THE MARKET ONE SHOULD EYE ON PSU COUNTERS FOR THE DAY.
BUY HINDCOPPER SL 519 TGT 545/558/570
BUY STCINDIA SL 485 TGT 505/511/515
BUY INDIAINFO SL 119 TGT 126/128/130
BUY GMDC SL 142 TGT 151/154/156
BUY JINDALSAW SL 217 TGT 221/223/225
TODAY MARKET LOOKS POSITIVE AND MAY BE IN A STIFF RANGE BOUND. IF NIFTY TRADES ABOVE 5250 THEN LIKELY TO TOUCH 5300 AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 5220 THEN LIKELY TO DIP DOWN TO 5200 AND THEN TO 5170 AND ANY BREAK BELOW THIS LEVEL WOULD COME DOWN TO 5140. BE CAUTIOUS IN THE MARKET AS MANY OF THE COUNTERS ARE IN OVER BUYING ZONE EVEN TO MOVE UP IT HAS TO CONSOLIDATE AT THE CURRENT LEVELS. VERY STOCK SPECIFIC MOVES WOULD BE WITNESSED IN THE MARKET ONE SHOULD EYE ON PSU COUNTERS FOR THE DAY.
BUY HINDCOPPER SL 519 TGT 545/558/570
BUY STCINDIA SL 485 TGT 505/511/515
BUY INDIAINFO SL 119 TGT 126/128/130
BUY GMDC SL 142 TGT 151/154/156
BUY JINDALSAW SL 217 TGT 221/223/225
