GOOD MORNING!!!
CHARGES OF FRAUD AGAINST US INVESTMENT BANK GOLDMAN SACHS HAS PAVED WAY FOR THE FIFTH STRAIGHT DAY DECLINE, THIS FRAUD HAS FUMBLED THE GLOBAL STOCKS. MARKETS OPENED NEGATIVE AND TRADED IN NARROW RANGE BOUND AND MOVED IN THE MID AFTERNOON ON A VERY FAST NOTE AND RECOVERED AROUND 60 POINTS BUT THE RECOVERY PROVED SHORT LIVED AND AGAIN IT SLIPPED BACK AND GAVE UP 20 POINTS AND CLOSED AT AROUND 60 POINTS ON NEGATIVE SIDE. BUT ALL IN ALL MARKET HAS DIGESTED THE GOLDMAN SACHS ISSUE WITH NO MUCH OF MASSACRE, THIS ALSO INDICATES THE MARKET STRENGTH. THE KEY ISSUE AND TRIGGER FOR MARKET IS MONETORY POLICY WHICH IS EXPECTED TO BE AT 12 NOON TODAY, WHICH WILL BE KEY FOR THE NEAR TERM TREND IN THE MARKETS.
TODAY MARKETS MAY OPEN FLAT TO POSITIVE AND WOULD REMAIN RANGE BOUND IN THE INITIAL TRADE AND THERE WOULD BE HUGE VOLATALITY BEFORE AND AFTER THE MONETARY POLICY. TODAY IF NIFTY TRADES ABOVE 5226 THEN ONE CAN NIFTY TO MOVE UP TO 5263 LEVELS AND TRADE ABOVE THIS POINT WOULD TAKE NIFTY TO 5300 AND TRADE ABOVE THIS POINT WOULD TAKE NIFTY TO NEW HIGHS AND ANY CLOSE ABOVE 5300 ADVISED TO GO LONGS AND ONE WOULD SEE NEW HIGHS IN THE MARKETS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5185 THEN LIKELY TO COME DOWN TO 5157 AND BREAK BELOW THIS LEVEL WOULD TAKE IT TO 5126 AND ANY BREAK AND CLOSE BELOW 5126 LEVEL IS CONSIDERED TO BE WEAK AND WOULD DRIFT DOWN NIFTY TO 5060 LEVELS. TODAY WE MAY WITNESS BANKING STOCKS TO HAVE A SIGNIFICANT VOLATALITY IN THE MARKETS AHEAD OF MONETORY POLICY.
BUY ALBK SL 158 TGT 163/166/169
BUY ABB SL 845 TGT 862/866/871
BUY KNRCON SL 194 TGT 203/208/216
BUY JISLJALEQS SL 1079 TGT 1125/1157/1176
TODAY MARKETS MAY OPEN FLAT TO POSITIVE AND WOULD REMAIN RANGE BOUND IN THE INITIAL TRADE AND THERE WOULD BE HUGE VOLATALITY BEFORE AND AFTER THE MONETARY POLICY. TODAY IF NIFTY TRADES ABOVE 5226 THEN ONE CAN NIFTY TO MOVE UP TO 5263 LEVELS AND TRADE ABOVE THIS POINT WOULD TAKE NIFTY TO 5300 AND TRADE ABOVE THIS POINT WOULD TAKE NIFTY TO NEW HIGHS AND ANY CLOSE ABOVE 5300 ADVISED TO GO LONGS AND ONE WOULD SEE NEW HIGHS IN THE MARKETS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5185 THEN LIKELY TO COME DOWN TO 5157 AND BREAK BELOW THIS LEVEL WOULD TAKE IT TO 5126 AND ANY BREAK AND CLOSE BELOW 5126 LEVEL IS CONSIDERED TO BE WEAK AND WOULD DRIFT DOWN NIFTY TO 5060 LEVELS. TODAY WE MAY WITNESS BANKING STOCKS TO HAVE A SIGNIFICANT VOLATALITY IN THE MARKETS AHEAD OF MONETORY POLICY.
BUY ALBK SL 158 TGT 163/166/169
BUY ABB SL 845 TGT 862/866/871
BUY KNRCON SL 194 TGT 203/208/216
BUY JISLJALEQS SL 1079 TGT 1125/1157/1176
