GOOD MORNING!!!
INDICES INITIALLY FOLLOWED THE PATH OF ASIAN STOCKS AND SLIPPED IN THE NEGATIVE ZONE AND TURNED BACK INTO POSITIVE ZONE SOON AFTER THE INITIAL SLIDE MARKET SLOWLY AND PROGRESSIVELY RECOVERED WITH GOOD VOLUMES AND NEW INTRADAY HIGHS. THE MARKET BREADTH, INDICATING THE OVERALL HEALTH OF THE MARKET, WEAKENED SUBSTANTIALLY IN LATE TRADE WHEN COMPARED TO A STRONG BREADTH IN MID-AFTERNOON TRADE. IT, CAPITAL GOODS, REALTY AND METALSTOCKS FELL BUT OVERALL HEALTH OF THE MARKET STILL STRONG. THE MARKETS VOLTALITY WAS UNIDIRECTIONAL IN THE MORNING AND AFTERNOON, IT WENT UP BY 80 POINTS AND THEN CAME DOWN BY 60 POINTS AND CLOSED AT 24 POINTS ON THE UPSIDE. ALL MOST ALL THE SECTORAL INDICIES ENDED IN GREED.
ON RESULT FRONT WE HAVE 3I INFOTECH, AREVA T&D, BINANI CEMENT, BINANI INDS, CORPORATION BANK, GLAXOSMITHKL CONS, GMR INDS, MAHINDRA LIFESPACE, MERCK, MMTC, PANTALOON, PROCTER & GAMBLE, RIL ARE SOME OF THE FEW COMPANIES TO ANNOUNCE TODAY.
NIFTY TO OPEN IN GREEN AND IF CROSSES 5280 THEN LIKELY TO GO UP TO 5316 LEVELS AND BREAK ABOVE THIS POINT WOULD TAKE IT TO 5340 LEVELS AND ANY UPSIDE BREAK FROM THIS ZONE WOULD TAKE NIFTY TO 5390 LEVELS. ON THE DOWN SIDE IF NIFTY TRADES BELOW 5226 THEN LIKELY TO COME DOWN TO 5205 AND THEN TO 5160 LEVELS. BREACH OF 5160 WOULD DRAG NIFTY TO NEW LOWS. MARKET TO REMAIN STILL STOCK SPECIFIC MOVES A HEAD OF Q4 RESULTS.
IMPORTANT NOTE MARKET AT CRUCIAL JUNCTURE STAY VERY CAUTIOUS AT THIS MOMENT AND REMAIN WITH CASH TO SOME EXTENT. IN THE OPENING TRY TO EXIT STOCKS IN PROFIT AND STAY WITH MINIMUM INVESTMENT IN THE MARKET ONLY ON THE UPPER BREAKOUT ONE CAN PLAN AND THINK OF INVESTMENT. ANY RECOMMENDATION GIVEN IN THIS BLOG HAS TO BE FOLLOWED IN THE FOLLOWING MANNER BUY ANY STOCK WITH STOPLOSS AND WHEN IT REACHES THE FIRST TARGET MOVE YOUR STOPLOSS TO YOUR BUY PRICE AND BOOK 50% AND WHEN IT MOVES TO THE SECOND TARGET BOOK 50% IN THE REMAINING AND MOVE YOUR STOPLOSS TO FIRST TARGET AND THEN BOOK EVERYTHING IN THE THIRD TARGET. TODAY WHEN MARKET OPENS POSITIVE JUST ADD SOME PUTS TO YOUR PORTFOLIO AS MARKET LOOKS LITTLE HAZY AT THIS JUNCTURE WITH THE CONCERNS ALL OVER THE WORLD
BUY RIL SL 1060 TGT 1092/1100/1100
BUY MAYTAS INFRA SL 201 TGT 210/212/214
BUY SBIN SL 2204 TGT 2227/2240/2250
BUY RCOM SL 168.9 TGT 171/173/175
BUY HINDOILEXP SL 247 TGT 253/255/260
BUY BANKINDIA SL 370 TGT 375/378/380
INDICES INITIALLY FOLLOWED THE PATH OF ASIAN STOCKS AND SLIPPED IN THE NEGATIVE ZONE AND TURNED BACK INTO POSITIVE ZONE SOON AFTER THE INITIAL SLIDE MARKET SLOWLY AND PROGRESSIVELY RECOVERED WITH GOOD VOLUMES AND NEW INTRADAY HIGHS. THE MARKET BREADTH, INDICATING THE OVERALL HEALTH OF THE MARKET, WEAKENED SUBSTANTIALLY IN LATE TRADE WHEN COMPARED TO A STRONG BREADTH IN MID-AFTERNOON TRADE. IT, CAPITAL GOODS, REALTY AND METALSTOCKS FELL BUT OVERALL HEALTH OF THE MARKET STILL STRONG. THE MARKETS VOLTALITY WAS UNIDIRECTIONAL IN THE MORNING AND AFTERNOON, IT WENT UP BY 80 POINTS AND THEN CAME DOWN BY 60 POINTS AND CLOSED AT 24 POINTS ON THE UPSIDE. ALL MOST ALL THE SECTORAL INDICIES ENDED IN GREED.
ON RESULT FRONT WE HAVE 3I INFOTECH, AREVA T&D, BINANI CEMENT, BINANI INDS, CORPORATION BANK, GLAXOSMITHKL CONS, GMR INDS, MAHINDRA LIFESPACE, MERCK, MMTC, PANTALOON, PROCTER & GAMBLE, RIL ARE SOME OF THE FEW COMPANIES TO ANNOUNCE TODAY.
NIFTY TO OPEN IN GREEN AND IF CROSSES 5280 THEN LIKELY TO GO UP TO 5316 LEVELS AND BREAK ABOVE THIS POINT WOULD TAKE IT TO 5340 LEVELS AND ANY UPSIDE BREAK FROM THIS ZONE WOULD TAKE NIFTY TO 5390 LEVELS. ON THE DOWN SIDE IF NIFTY TRADES BELOW 5226 THEN LIKELY TO COME DOWN TO 5205 AND THEN TO 5160 LEVELS. BREACH OF 5160 WOULD DRAG NIFTY TO NEW LOWS. MARKET TO REMAIN STILL STOCK SPECIFIC MOVES A HEAD OF Q4 RESULTS.
IMPORTANT NOTE MARKET AT CRUCIAL JUNCTURE STAY VERY CAUTIOUS AT THIS MOMENT AND REMAIN WITH CASH TO SOME EXTENT. IN THE OPENING TRY TO EXIT STOCKS IN PROFIT AND STAY WITH MINIMUM INVESTMENT IN THE MARKET ONLY ON THE UPPER BREAKOUT ONE CAN PLAN AND THINK OF INVESTMENT. ANY RECOMMENDATION GIVEN IN THIS BLOG HAS TO BE FOLLOWED IN THE FOLLOWING MANNER BUY ANY STOCK WITH STOPLOSS AND WHEN IT REACHES THE FIRST TARGET MOVE YOUR STOPLOSS TO YOUR BUY PRICE AND BOOK 50% AND WHEN IT MOVES TO THE SECOND TARGET BOOK 50% IN THE REMAINING AND MOVE YOUR STOPLOSS TO FIRST TARGET AND THEN BOOK EVERYTHING IN THE THIRD TARGET. TODAY WHEN MARKET OPENS POSITIVE JUST ADD SOME PUTS TO YOUR PORTFOLIO AS MARKET LOOKS LITTLE HAZY AT THIS JUNCTURE WITH THE CONCERNS ALL OVER THE WORLD
BUY RIL SL 1060 TGT 1092/1100/1100
BUY MAYTAS INFRA SL 201 TGT 210/212/214
BUY SBIN SL 2204 TGT 2227/2240/2250
BUY RCOM SL 168.9 TGT 171/173/175
BUY HINDOILEXP SL 247 TGT 253/255/260
BUY BANKINDIA SL 370 TGT 375/378/380
