GOOD MORNING!!!
LAST TRADING DAY ENDED UP WITH HUGE GAINS IN THE INDICES, INDICES HAVE GIVEN UP SOME OF ITS GAINS OF MORNING TRADE. THE SENTIMENT REMAINED FIRM TRACKING FROM EUROPEAN AND ASIAN MARKETS. FMCG, CAPITAL GOODS, METAL STOCKS EDGED HIGHER. ALL THE SECTORAL INDICES WERE ON POSITIVE ZONE. ALL IN ALL OVERALL HEALTH OF THE MARKET REMAINED STRONG AND FIRM. THE MARKET IS ENTERING AN IMPORTANT PERIOD OF QUARTERLY EARNINGS, WE EXPECT SOME GOOD NEWS ON THE RESULTS FRONT
TODAY MARKET LOOKS POSITIVE WITH US AND EUROPEAN INDICES CLOSING POSITIVE ALONG WITH STRONG MONDAY OPENING IN ASIAN INDICES. TODAY IF NIFTY TRADES ABOVE 5390 LIKELY TO GO UP TO 5421 AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5442 AND ANY TRADE ABOVE THIS POINT WOULD TAKE NIFTY TO 5470 LEVELS AND CLOSE ABOVE 5421 WOULD TAKE NIFTY TO NEW HIGHS OF THE YEAR. IF TRADES BELOW 5340 THEN LIKELY TO COME DOWN TO 5285 AND BREAK BELOW THIS LEVEL WOULD BRING DOWN NIFTY TO 5254 LEVELS AND ANY FURTHER WEAKNESS WOULD DRIFT DOWN NIFTY TO 5202.
BUY VBC INDUSTRIES SL 24.5 TGT 25.4/26.50/27.25
BUY BHARAT FORGE 273/275/278
BUY VBC FERRO ABOVE 411.75 SL 409.8 415/419/425
BUY VOLTAS SL 186.40 TGT 188/189/194
BUY IDFC SL 173.60 TGT 175.75/177.85/179
BUY INDIAN BANK CMP 185.15 SL 184.6 TGT 187/189/190.80
POSITIONAL TRADES
BUY ABRILANUVO CMP 957 SL 953 TGT 973/994/1009
BUY HDFC CMP 2838.35 SL 2830 TGT 2875/2896/2917/2942
BUY RIIL CMP 906.70 TGT 1100/1200/1330
BUY RELINFRA CMP 1101.55 1222/1258
BUY INDIABULLS FINANCIAL CMP 126.90 TGT 140/165/175
BUY MAHA SEAMLESS TGT 425/475
BUY TATA CHEMICALS TGT 356 (SHORT TERM)
LAST TRADING DAY ENDED UP WITH HUGE GAINS IN THE INDICES, INDICES HAVE GIVEN UP SOME OF ITS GAINS OF MORNING TRADE. THE SENTIMENT REMAINED FIRM TRACKING FROM EUROPEAN AND ASIAN MARKETS. FMCG, CAPITAL GOODS, METAL STOCKS EDGED HIGHER. ALL THE SECTORAL INDICES WERE ON POSITIVE ZONE. ALL IN ALL OVERALL HEALTH OF THE MARKET REMAINED STRONG AND FIRM. THE MARKET IS ENTERING AN IMPORTANT PERIOD OF QUARTERLY EARNINGS, WE EXPECT SOME GOOD NEWS ON THE RESULTS FRONT
TODAY MARKET LOOKS POSITIVE WITH US AND EUROPEAN INDICES CLOSING POSITIVE ALONG WITH STRONG MONDAY OPENING IN ASIAN INDICES. TODAY IF NIFTY TRADES ABOVE 5390 LIKELY TO GO UP TO 5421 AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5442 AND ANY TRADE ABOVE THIS POINT WOULD TAKE NIFTY TO 5470 LEVELS AND CLOSE ABOVE 5421 WOULD TAKE NIFTY TO NEW HIGHS OF THE YEAR. IF TRADES BELOW 5340 THEN LIKELY TO COME DOWN TO 5285 AND BREAK BELOW THIS LEVEL WOULD BRING DOWN NIFTY TO 5254 LEVELS AND ANY FURTHER WEAKNESS WOULD DRIFT DOWN NIFTY TO 5202.
BUY VBC INDUSTRIES SL 24.5 TGT 25.4/26.50/27.25
BUY BHARAT FORGE 273/275/278
BUY VBC FERRO ABOVE 411.75 SL 409.8 415/419/425
BUY VOLTAS SL 186.40 TGT 188/189/194
BUY IDFC SL 173.60 TGT 175.75/177.85/179
BUY INDIAN BANK CMP 185.15 SL 184.6 TGT 187/189/190.80
POSITIONAL TRADES
BUY ABRILANUVO CMP 957 SL 953 TGT 973/994/1009
BUY HDFC CMP 2838.35 SL 2830 TGT 2875/2896/2917/2942
BUY RIIL CMP 906.70 TGT 1100/1200/1330
BUY RELINFRA CMP 1101.55 1222/1258
BUY INDIABULLS FINANCIAL CMP 126.90 TGT 140/165/175
BUY MAHA SEAMLESS TGT 425/475
BUY TATA CHEMICALS TGT 356 (SHORT TERM)
