GOOD MORNING!!!
WITH THE SPIKE IN INDICIES AND BUILDUP OF FRESH POSITIONS ON THE FIRST FINANCIAL DAY OF THE YEAR INDICIES REGAINED THE PREVIOUS TWO DAYS SLIDE. MARKET GAINED STRENGTH IN THE EARLY TRADE AND SLIPPED A LITTLE DURING THE DATA OF SLOW DOWN OF MANUFACTURING GROWTH FROM THE PREVIOUS MONTH AND HAS REGAINED STRENGTH WITH THE FIRM GLOBAL INDICIES. MARKET BREADTH WAS STRONG AND IT STOCKS WERE ON BARGAIN HUNTING AFTER A RECENT FALL WITH THE RUPEE GETTING STRONGER OVER DOLLAR AND AHEAD OF Q4 IT STOCKS REGAINED STRENGTH. BANKING, METALS, INFRASTRUCTURE AND CAPITAL GOODS STOCKS ROSE ALONG WITH RELIANCE ON EXPECTATION OF ROBUST Q4 EARNINGS.
TODAY MARKETS LOOKS POSITIVE ON GLOBAL CUES WITH ALL MOST ALL THE ASIAN MARKETS TRADING IN POSITIVE ZONE. IF NIFTY TRADES ABOVE 5315 THEN WE MAY HEAD UPWARDS TO 5339 AND TRADE ABOVE THIS WOULD TAKE NIFTY TO 5368 AND ANY TRADE ABOVE THIS POINT WOULD TOUCH NIFTY TO 5400 LEVELS AND ON THE DOWN SIDE IF NIFTY TRADES BELOW 5302 THEN LIKELY TO DECLINE TO 5276 AND ANY TRADE BELOW THIS POINT WOULD DRAG NIFTY DOWN TO 5244 LEVELS AND ANY BREAK BELOW THIS LEVEL WOULD DRIFT DOWN TO 5205 AND CLOSE BELOW THIS POINT IS CONSIDERED TO BE WEAK AND ON IS ADVISED TO STAY SHORT BELOW THIS POINT.
POSITIVE STOCKS: EDUCOMP, JAICORPLTD, SUBHASH PROJECTS, BHARTISHIP, JP ASSOCIATES AND AGEE GOLD.
BUY UNION BANK SL 299 TGT 304/309/314
BUY MAYTASINFR SL 179.9 TGT 215/225/253
BUY HINDOILEXP SL 228 TGT 258/268/294
BUY RECLTD SL 254 TGT 263/269/274
BUY ESCORTS SL 159 TGT 174/179/184
BUY JINDALSAW SL 214 TGT 224/227/229
BUY CROMPGREAV SL 269 TGT 279/284/287
BUY RELINFRA SL 838 TGT 880/913/942
BUY PUNJLLOYD SL 175 TGT 182/188/196
POSITIONAL TRADES
BUY TOURISM FINANCE CORP @ 28 TGT 30/32
BUY UNI ABEX ALLOYS LTD *** (MUST BUY AND JUST HOLD) CMP 170
BUY INDRAPRASTHA MEDICAL CORP @ 46.35 TGT 58
BUY MSK PROJECTS TGT 220
WITH THE SPIKE IN INDICIES AND BUILDUP OF FRESH POSITIONS ON THE FIRST FINANCIAL DAY OF THE YEAR INDICIES REGAINED THE PREVIOUS TWO DAYS SLIDE. MARKET GAINED STRENGTH IN THE EARLY TRADE AND SLIPPED A LITTLE DURING THE DATA OF SLOW DOWN OF MANUFACTURING GROWTH FROM THE PREVIOUS MONTH AND HAS REGAINED STRENGTH WITH THE FIRM GLOBAL INDICIES. MARKET BREADTH WAS STRONG AND IT STOCKS WERE ON BARGAIN HUNTING AFTER A RECENT FALL WITH THE RUPEE GETTING STRONGER OVER DOLLAR AND AHEAD OF Q4 IT STOCKS REGAINED STRENGTH. BANKING, METALS, INFRASTRUCTURE AND CAPITAL GOODS STOCKS ROSE ALONG WITH RELIANCE ON EXPECTATION OF ROBUST Q4 EARNINGS.
TODAY MARKETS LOOKS POSITIVE ON GLOBAL CUES WITH ALL MOST ALL THE ASIAN MARKETS TRADING IN POSITIVE ZONE. IF NIFTY TRADES ABOVE 5315 THEN WE MAY HEAD UPWARDS TO 5339 AND TRADE ABOVE THIS WOULD TAKE NIFTY TO 5368 AND ANY TRADE ABOVE THIS POINT WOULD TOUCH NIFTY TO 5400 LEVELS AND ON THE DOWN SIDE IF NIFTY TRADES BELOW 5302 THEN LIKELY TO DECLINE TO 5276 AND ANY TRADE BELOW THIS POINT WOULD DRAG NIFTY DOWN TO 5244 LEVELS AND ANY BREAK BELOW THIS LEVEL WOULD DRIFT DOWN TO 5205 AND CLOSE BELOW THIS POINT IS CONSIDERED TO BE WEAK AND ON IS ADVISED TO STAY SHORT BELOW THIS POINT.
POSITIVE STOCKS: EDUCOMP, JAICORPLTD, SUBHASH PROJECTS, BHARTISHIP, JP ASSOCIATES AND AGEE GOLD.
BUY UNION BANK SL 299 TGT 304/309/314
BUY MAYTASINFR SL 179.9 TGT 215/225/253
BUY HINDOILEXP SL 228 TGT 258/268/294
BUY RECLTD SL 254 TGT 263/269/274
BUY ESCORTS SL 159 TGT 174/179/184
BUY JINDALSAW SL 214 TGT 224/227/229
BUY CROMPGREAV SL 269 TGT 279/284/287
BUY RELINFRA SL 838 TGT 880/913/942
BUY PUNJLLOYD SL 175 TGT 182/188/196
POSITIONAL TRADES
BUY TOURISM FINANCE CORP @ 28 TGT 30/32
BUY UNI ABEX ALLOYS LTD *** (MUST BUY AND JUST HOLD) CMP 170
BUY INDRAPRASTHA MEDICAL CORP @ 46.35 TGT 58
BUY MSK PROJECTS TGT 220
