GOOD MORNING!!!
INDICES WERE FIRM BUT VERY NARROWLY RANGE BOUND. IN THE MID AFTERNOON INDICES SURGED QUITE SHARPLY ON AS EUROOPEAN STOCKS SURGED ON THE ONSET OF TRADING SESSION. GOOD RESULTS FROM THE INDICAN INC, FIRM GLOBAL STOCKS AND FORECAST OF A NORMAL MONSOON THIS YEAR ARE A SIGN OF ADVANCMENT IN THE MARKETS. THE MARKET BREADTH, INDICATING THE OVERALL HEALTH OF THE MARKET WAS STRONG. MAJORITY OF SECTORAL INDICES REMAINED IN GREEN, THERE WAS LOT OF ACTIVITY IN SMALL AND MIDCAPS.
TODAY MARKET LOOKS LIKE OPENING IN A NEGATIVE NOTE AND THEN MARKETS MAY REMAIN IN RANGE BOUND. WE MAY LIKELY TO WITNESS LOT OF VOLATALITY IN THE COMING DAYS AHEAD OF EXPIRY. IF NIFTY BREAKS THE FOLLOWING LEVELS IT WOULD GIVE A CLEAR DIRECTION OF TREND UNTIL THEN IT WOULD BE VERY RANGE BOUND. IF NIFTY TRADES ABOVE 5336 THEN LIKELY TO HEAD TOWARDS 5367 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5392 ANY CLOSE ABOVE 5367 WOULD TAKE NIFTY TO NEW HIGHS AND ON THE DOWN SIDE IF NIFTY TRADES BELOW 5290 THEN LIKLEY TO TEST 5255 LEVELS AND BREAK BELOW THIS LEVEL WOULD TAKE NIFTY 5232 LEVELS AND ANY CLOSE BELOW 5250 IS CONSIDERED TO BE WEAK AND LIKELY TO COME DOWN MUCH MORE.
NOTE: FOLLOW STRICT STOPLOSS FOR BELOW RECO'S. AFTER OPENING IF THE UNDERMENTIONED RECOMMENDATIONS HITS STOPLOSS AND COME UP THEN, INITIATE BUY WITH THE SAME STOPLOSS.
BUY INDIANB SL 215 TGT 220/222/225
BUY STER SL 835 TGT 847/856/864
BUY JINDALSTEL SL 732 TGT 740/745/750
BUY IVRCLINFRA SL 179.4 TGT 182/183/185
BUY YESBANK SL 279 TGT 284/286/288
INDICES WERE FIRM BUT VERY NARROWLY RANGE BOUND. IN THE MID AFTERNOON INDICES SURGED QUITE SHARPLY ON AS EUROOPEAN STOCKS SURGED ON THE ONSET OF TRADING SESSION. GOOD RESULTS FROM THE INDICAN INC, FIRM GLOBAL STOCKS AND FORECAST OF A NORMAL MONSOON THIS YEAR ARE A SIGN OF ADVANCMENT IN THE MARKETS. THE MARKET BREADTH, INDICATING THE OVERALL HEALTH OF THE MARKET WAS STRONG. MAJORITY OF SECTORAL INDICES REMAINED IN GREEN, THERE WAS LOT OF ACTIVITY IN SMALL AND MIDCAPS.
TODAY MARKET LOOKS LIKE OPENING IN A NEGATIVE NOTE AND THEN MARKETS MAY REMAIN IN RANGE BOUND. WE MAY LIKELY TO WITNESS LOT OF VOLATALITY IN THE COMING DAYS AHEAD OF EXPIRY. IF NIFTY BREAKS THE FOLLOWING LEVELS IT WOULD GIVE A CLEAR DIRECTION OF TREND UNTIL THEN IT WOULD BE VERY RANGE BOUND. IF NIFTY TRADES ABOVE 5336 THEN LIKELY TO HEAD TOWARDS 5367 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5392 ANY CLOSE ABOVE 5367 WOULD TAKE NIFTY TO NEW HIGHS AND ON THE DOWN SIDE IF NIFTY TRADES BELOW 5290 THEN LIKLEY TO TEST 5255 LEVELS AND BREAK BELOW THIS LEVEL WOULD TAKE NIFTY 5232 LEVELS AND ANY CLOSE BELOW 5250 IS CONSIDERED TO BE WEAK AND LIKELY TO COME DOWN MUCH MORE.
NOTE: FOLLOW STRICT STOPLOSS FOR BELOW RECO'S. AFTER OPENING IF THE UNDERMENTIONED RECOMMENDATIONS HITS STOPLOSS AND COME UP THEN, INITIATE BUY WITH THE SAME STOPLOSS.
BUY INDIANB SL 215 TGT 220/222/225
BUY STER SL 835 TGT 847/856/864
BUY JINDALSTEL SL 732 TGT 740/745/750
BUY IVRCLINFRA SL 179.4 TGT 182/183/185
BUY YESBANK SL 279 TGT 284/286/288
