GOOD MORNING!!!
INDICES PARED GAINS IN THE MID-AFTERNOON AFTER AN INITIAL SURGE FOLLOWED BY FAVOURABLE ANNOUNCEMENT FROM RBI ON MONETARY POLICY REVIEW, AFTER A SMALL HIKE IN REPO RATE, REVERSE REPO RATE AND CRR BY 25 BASIS POINTS EACH INVESTORS HEAVED A SIGN OF RELIEF AND MARKET HAS BOUNCED 25 POINTS IN JUST A MATTER OF MINUTES AFTER THE ANNOUNCEMENT WAS MADE. THOUGH THERE WAS SLIDE OF 30 POINTS FROM DAY HIGH ON PROFIT BOOKING NOTE AT THE LATE HOUR OF TRADE MARKET STILL REMAINED FIRM AND POSITIVE, OVERALL HEALTH OF THE MARKET WAS VERY STRONG.
Q4 RESULTS OF MAJOR STOCKS TO BE ANNOUNCED TODAY: HCL TECH, HINDUSTAN ZINC, INFOTECH ENTERPRISES, PIRAMAL HEALTH, POLARIS SOFT, TVS MOTORS AND UNITED SPIRITS.
TODAY MARKET WOULD OPEN POSITIVE AND WOULD REMAIN IN A TIGHT RANGE BOUND UNLESS AND UNTIL MARKET CROSS BELOW MENTIONED RANGES IN NIFTY ON THE UPSIDE 5255 AND ON THE DOWNSIDE 5198 IF THIS TWO LEVELS ARE BREACHED THEN YOU CAN SEE NIFTY TO GIVE CLEAR TREND UNTIL THEN IT IS NO TRADING ZONE. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5255 LIKELY TO MAKE A NEXT MOVE TO 5275 LEVEL AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5300 LEVEL AND ANY CLOSE ABOVE 5258 IS A POSITIVE CLOSING AND LIKELY TO TAKE TO NEW HIGHS. ON THE DOWNSIDE IF NIFTY TRADES BELOW 5198 LIKELY TO DRAG DOWN TO 5170 LEVELS AND BREAK BELOW THIS LEVEL WOULD TAKE IT TO 5150 WHICH IS LIKELY TO ACT AS A VERY CRUCIAL ZONE OF SUPPORT. WE MAY SEE STOCK SPECIFIC MOVE IN THE NEAR TERM AND MARKET WOULD HAVE A HIGH RANGE OF VOLATALITY AHEAD OF RESULT.
BUY SBIN SL 2092 TGT 2128/2147/2156
BUY AXISBANK SL 1182 TGT 1197/1207/1218.5
BUY BOMDYEING SL 602 TGT 624/639/648
BUY MCDOWELL-N SL 1240 TGT 1263/1274/1290
BUY GESHIP SL 329.90 TGT 340/344/353
BUY STAR SL 359.4 TGT 373/380/391
BUY GSPL SL 91 TGT 96/98/100
POSITIONAL TRADES
BUY PIRHEALTH TGT 585 (MEDIUM TERM)
BUY SARDAEN TGT 362/400 (MEDIUM TERM)
