INDIAN MARKETS ON FRIDAY WHERE FIRM ON OPTIMISM ABOUT FOURTH QUARTER RESULTS OF RELIANCE WHICH HAS SHURGGED OFF ALL THE WEAKNESS OF ASIAN MARKETS AND HOPES OF NORMAL MANSOON AHEAD TO THE ANNOUNCEMENT OF MANSOON REPORT BY INDIAN METERIOLOGICAL DEPARTMENT ALSO AIDED THE RALLY IN THE INDIAN MARKETS. ALL IN ALL MARKET LOOKED STRONG AND HEALTHY IN ALL RESPECTS. ALL THE INDICIES EXCEPT FOR IT INDEX HAVE TRADED AND ENED IN POSITIVE NOTE.
TODAY NIFTY MAY OPEN POSITIVE AND INITIALLY. IF NIFTY TRADES ABOVE 5315 THEN LIKELY TO SURGE UPTO 5340 LEVELS AND ANY BREACH ABOVE THIS POINT WOULD LIKEY TO TAKE NIFTY TO 5378. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5292 THEN LIKELY TO TEST 5255 LEVELS AND BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 5232 LEVELS. WE MAY SEE FERTILIZERS MOVING IN THIS WEEK ON POSITIVE METRIOLOGICAL REPORT ON MANSOONS.
BUY RELIGARE ENTER LTD SL 434 TGT 458/473/483
BUY ICICIBANK SL 975 TGT 989/997/1009
BUY NAGARJUNA CONST SL 184 TGT 187/189/191
BUY SARDAEN SL 319.95 TGT 333/341/354
BUY GPIL SL 306 TGT 317/324/336
BUY TATA CHEMICALSL 340 TGT 344/347/351
BUY MADHUCON SL 165.4 TGT 171/175/180
BUY SKFINDIA SL 434.9 TGT 448/458/471
POSITIONAL TRADES
DATAMATICS TECHNOLOGIES TGT 50%/100%
