GOOD MORNING!!!
MARKETS EXTENDED PREVIOUS DAYS GAINS, IN THE OPENING MARKET TOOK-OFF AND GAVE A FIRM START AFTER THE INITIAL SURGE IN THE MARKETS IT LIVED IN THE NARROW RANGE BAND QUITE FOR SOMETIME AND THE STARTED TO REACT ON PROFIT BOOKING AND SLIPPED INTO RED TO HIT A FRESH INTRADAY LOW IN THE AFTERNOON TRADE AND THERE AFTER IT MOVED ON BOTH POSITIVE AND NEGATIVE TERRAIN AND ENDING IN A FLAT NOTE. MARKET BREADTH WAS STRONG AND POSITIVE ON ACCOUNT OF GOOD BUYING IN SMALL AND MID CAP SEGMENT.
ON RESULT CORNER WE HAVE ACC, AMBUJA CEMENTS, BIRLA CORP, ESCORTS, M&M FIN, SASKEN COMMUNICATIONS, COROMANDAL INTL, STERLITE TECH, STAR, TATA SPONGE AND WIPRO TO ANNOUNCE THEIR NUMBERS WE MAY SEE THESE TO HAVE HIGH VOLATILITY IN TODAYS TRADE.
TODAY MARKET WOULD REMAIN IN A NARROW RANGE, NIFTY MAY OPEN NEGATIVE TO FLAT AND WOULD REMAIN IN THIS ZONE UNLESS AND UNTIL IT BREACHES THE BELOW LEVELS SPECIFIED. IF NIFTY TRADES BELOW 5226 LIKELY TO DIP DOWN TO 5209 AND BREAK BELOW THIS LEVEL WOULD COME DOWN TO 5090 AND ANY DOWNSIDE WILL TAKE IT TO 5060 AND ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5255 THEN WOULD TAKE NIFTY TO FURTHER HIGHS OF 5286 AND ABOVE THIS POINT WOULD TAKE TO 5315 ANY TRADE ABOVE THIS POINTS IS AGAIN A GOOD SIGN FOR THE MARKETS FOR THE NEAR TERM.
BUY IBREALEST ABOVE 175 SL 173.9 TGT 177.5/179.6/182
BUY AXISBANK ABOVE 1241 SL 1234 TGT 1254/1269/1278
BUY HCLTECH ABOVE 374 SL 370 TGT 380/388/393
BUY POLARIS ABOVE 186 SL 185 TGT 188.4/190/191.5
BUY RPOWER SL 158.8 TGT 161/163/166
BUY JETAIRWAYS SL 541 TGT 552/558/568
POSITIONAL TRADES
BUY INBIABULLS REALESTATE TGT 191/215
MARKETS EXTENDED PREVIOUS DAYS GAINS, IN THE OPENING MARKET TOOK-OFF AND GAVE A FIRM START AFTER THE INITIAL SURGE IN THE MARKETS IT LIVED IN THE NARROW RANGE BAND QUITE FOR SOMETIME AND THE STARTED TO REACT ON PROFIT BOOKING AND SLIPPED INTO RED TO HIT A FRESH INTRADAY LOW IN THE AFTERNOON TRADE AND THERE AFTER IT MOVED ON BOTH POSITIVE AND NEGATIVE TERRAIN AND ENDING IN A FLAT NOTE. MARKET BREADTH WAS STRONG AND POSITIVE ON ACCOUNT OF GOOD BUYING IN SMALL AND MID CAP SEGMENT.
ON RESULT CORNER WE HAVE ACC, AMBUJA CEMENTS, BIRLA CORP, ESCORTS, M&M FIN, SASKEN COMMUNICATIONS, COROMANDAL INTL, STERLITE TECH, STAR, TATA SPONGE AND WIPRO TO ANNOUNCE THEIR NUMBERS WE MAY SEE THESE TO HAVE HIGH VOLATILITY IN TODAYS TRADE.
TODAY MARKET WOULD REMAIN IN A NARROW RANGE, NIFTY MAY OPEN NEGATIVE TO FLAT AND WOULD REMAIN IN THIS ZONE UNLESS AND UNTIL IT BREACHES THE BELOW LEVELS SPECIFIED. IF NIFTY TRADES BELOW 5226 LIKELY TO DIP DOWN TO 5209 AND BREAK BELOW THIS LEVEL WOULD COME DOWN TO 5090 AND ANY DOWNSIDE WILL TAKE IT TO 5060 AND ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5255 THEN WOULD TAKE NIFTY TO FURTHER HIGHS OF 5286 AND ABOVE THIS POINT WOULD TAKE TO 5315 ANY TRADE ABOVE THIS POINTS IS AGAIN A GOOD SIGN FOR THE MARKETS FOR THE NEAR TERM.
BUY IBREALEST ABOVE 175 SL 173.9 TGT 177.5/179.6/182
BUY AXISBANK ABOVE 1241 SL 1234 TGT 1254/1269/1278
BUY HCLTECH ABOVE 374 SL 370 TGT 380/388/393
BUY POLARIS ABOVE 186 SL 185 TGT 188.4/190/191.5
BUY RPOWER SL 158.8 TGT 161/163/166
BUY JETAIRWAYS SL 541 TGT 552/558/568
POSITIONAL TRADES
BUY INBIABULLS REALESTATE TGT 191/215
