GOOD MORNING!!!
MARKET SURGED IN THE MORNING TRADES NIFTY HITTING ITS HIGHEST LEVEL IN THE LAST TWO MONTHS AND 10 POINTS AWAY FROM THE 52 WEEK HIGH. MARKET ONCE AGAIN TRIMMED GAINS AND SURGED BACK AFTER HITTING FRESH INTRADAY LOWS. RELIANCE INDUSTRIES WAS THE KEY IN HOLDING THE MARKET ON THE POSITIVE TERRAIN. IT AND REALITY STOCKS FELL. PSU, AUTO AND CONSUMBER DURABLES STOCKS ROSE. MARKET MAY REMAIN VOLATILE IN THE NEAR TERM AS TRADERS ROLLOVER POSITIONS IN DERIVATIVES SEGMENT FROM MARCH 2010 SERIES TO APRIL 2010 SERIES AHEAD OF EXPIRY. OVERALL BREADH OF THE MARKET WAS NEGATIVE.
TODAY MARKET WOULD OPEN NEGATIVE ON REPO AND REVERSE REPO RATE HIKE BY RBI. WE MAY WITNESS A HIGH RANGE OF VOLATALITY. MARKET MAY OPEN GAP DOWN OF AROUND 100 POINTS IN NIFTY. TODAY IF NIFTY TRADES BELOW 5180 LIKELY TO DRIFT DOWN TO 5145 WHICH IS A STIFF SUPPORT AND BREAK AND CLOSE BELOW THIS LEVEL WOULD TAKE NIFTY TO 5057. ON THE POSITIVE SIDE OF NIFTY IF NIFTY TRADES ABOVE 5300 THEN LIKELY TO MOVE UP TO NEW HIGHS OF THE YEAR.
MARKET SURGED IN THE MORNING TRADES NIFTY HITTING ITS HIGHEST LEVEL IN THE LAST TWO MONTHS AND 10 POINTS AWAY FROM THE 52 WEEK HIGH. MARKET ONCE AGAIN TRIMMED GAINS AND SURGED BACK AFTER HITTING FRESH INTRADAY LOWS. RELIANCE INDUSTRIES WAS THE KEY IN HOLDING THE MARKET ON THE POSITIVE TERRAIN. IT AND REALITY STOCKS FELL. PSU, AUTO AND CONSUMBER DURABLES STOCKS ROSE. MARKET MAY REMAIN VOLATILE IN THE NEAR TERM AS TRADERS ROLLOVER POSITIONS IN DERIVATIVES SEGMENT FROM MARCH 2010 SERIES TO APRIL 2010 SERIES AHEAD OF EXPIRY. OVERALL BREADH OF THE MARKET WAS NEGATIVE.
TODAY MARKET WOULD OPEN NEGATIVE ON REPO AND REVERSE REPO RATE HIKE BY RBI. WE MAY WITNESS A HIGH RANGE OF VOLATALITY. MARKET MAY OPEN GAP DOWN OF AROUND 100 POINTS IN NIFTY. TODAY IF NIFTY TRADES BELOW 5180 LIKELY TO DRIFT DOWN TO 5145 WHICH IS A STIFF SUPPORT AND BREAK AND CLOSE BELOW THIS LEVEL WOULD TAKE NIFTY TO 5057. ON THE POSITIVE SIDE OF NIFTY IF NIFTY TRADES ABOVE 5300 THEN LIKELY TO MOVE UP TO NEW HIGHS OF THE YEAR.
BUY WELGUJ SL 268 TGT 286/289/293 (ADVISED TO BUY WHEN MARKET OPENS NEGATIVE)
SELL HDFC SL 2721 TGT 2688/2675/2655/(POSITIONAL TGT 2592)
SELL M&M SL 1069 TGT 1060/1049/1026
POSITIONAL TRADES
BUY KOPRAN AT 28 TGT 35/42
