MORNING!!!
MARKET WERE MAGICALLY, MAGNIFICENT AND OUTSTANDING AFTER BEING IN A BEARISH MODE WITH ALL THE NEWS FROM EUROPEAN UNION FOR THE LAST ONE WEEK SUDDENLY MARKET TURNED VERY FERTILE WITH STOCKS BOUNCING BACK ON A STRONG NOTE AND BULLS COMPLETELY TAKEN OVER THE CHARGE OF STOCK MARKETS AND BEARS DIDN’T DARE TO EVEN ENTER TO CONTAIN ALL IN ALL COMPLETE DAY OF BULLS. MARKET OPENED IN GREEN WITH AROUND 70 ODD POINTS AND FROM THERE ON MARKET KEPT ON HITTING NEW HIGHS AND MOVED UP MORE THAN 180 POINTS IN NIFTY, IT IS THE BIGGEST SINGLE DAY GAIN IN ALMOST LAST ONE YEAR. THE TRIGGERS CAME FROM ANNOUNCEMNT OF 750 BILLION EURO RESCUE PACKAGE BY EUROPEAN UNION FINANCE MINISTERS. THE PACKAGE WILL BE IN THE FORM OF A LOAN WORTH 440 BILLION EURO FROM EURO ZONE GOVERNMENTS, THE INTERNATIONAL MONETARY FUND OR IMF WILL CONTRIBUTE AROUND 250 BILLION EURO WHILE THE REST WILL COME FROM SURPLUS FUNDS OF EU COMMISSION. THIS HAS PAVED WAY TO THE SHORT COVERING AS WELL AS FRESH BUYING IN EQUITIES ACROSS THE GLOBE. BACK HOME, THE RALLY WAS IN THE HIGH BETA REALTY, METAL AND BANKING COUNTERS LEADING FROM THE FRONT.
TODAY MARKETS WOULD OPEN POSITIVE ON BUYING INTREST FROM ACROSS THE GLOBE WITH ASIAN ALONG WITH US MARKETS BEING IN A VERY POSITIVE TERRAIN. IF NIFTY TRADES ABOVE 5200 THEN LIKELY TO MOVE UP TO 5250 AND THEN TO 5290 AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO NEW HIGH AND THERE MAY BE LOT OF SHORT COVERING TO TAKE PLACE AT 5300 AND FRESH BUYING INTREST MAY ALSO CROP IN AT THIS POINT IN NIFTY SO CLOSE ABOVE 5300 IN NIFTY IS CONSIDERED TO BE VERY BULLISH IN NIFTY AND ONE IS ADVISED TO STAY INVESTED AS WELL ABOVE THIS POINT ON CLOSING BASIS AND BEING WITH THE TREND IS MOST ESSENTIAL IN MARKETS SO STAY CAUTIOUS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5160 THEN ONLY THINK OF SHORTING ELSE NO POINT AT THIS STAGE TO THINK OF ANY NEGATIVE IN NIFTY BUT IF NIFTY TRADES BELOW 5160 THEN LIKELY TO DIP DOWN TO 5080 AND THEN TO 5037. FOLLOW THE LEVELS INDICATED.
BUY IFCI SL 51.4 TGT 53/54/55
BUY ORBITCORP SL 306.45 TGT 318/327/340
BUY HDFC BANK SL 1924 TGT 1950/1978/1994
BUY BAJAJFINSV ABOVE 443.5 SL 436.4 TGT 453/465/483 (FOR POSITIONAL ULTIMATE TARGET 530)
BUY INDIA BULLS SL 149.7 TGT 156/169/162
BUY JSW ENERGY SL 123 TGT 126/127/128
POSITIONAL TRADES
BUY ATLANTA CMP TGT 350/385
MARKET WERE MAGICALLY, MAGNIFICENT AND OUTSTANDING AFTER BEING IN A BEARISH MODE WITH ALL THE NEWS FROM EUROPEAN UNION FOR THE LAST ONE WEEK SUDDENLY MARKET TURNED VERY FERTILE WITH STOCKS BOUNCING BACK ON A STRONG NOTE AND BULLS COMPLETELY TAKEN OVER THE CHARGE OF STOCK MARKETS AND BEARS DIDN’T DARE TO EVEN ENTER TO CONTAIN ALL IN ALL COMPLETE DAY OF BULLS. MARKET OPENED IN GREEN WITH AROUND 70 ODD POINTS AND FROM THERE ON MARKET KEPT ON HITTING NEW HIGHS AND MOVED UP MORE THAN 180 POINTS IN NIFTY, IT IS THE BIGGEST SINGLE DAY GAIN IN ALMOST LAST ONE YEAR. THE TRIGGERS CAME FROM ANNOUNCEMNT OF 750 BILLION EURO RESCUE PACKAGE BY EUROPEAN UNION FINANCE MINISTERS. THE PACKAGE WILL BE IN THE FORM OF A LOAN WORTH 440 BILLION EURO FROM EURO ZONE GOVERNMENTS, THE INTERNATIONAL MONETARY FUND OR IMF WILL CONTRIBUTE AROUND 250 BILLION EURO WHILE THE REST WILL COME FROM SURPLUS FUNDS OF EU COMMISSION. THIS HAS PAVED WAY TO THE SHORT COVERING AS WELL AS FRESH BUYING IN EQUITIES ACROSS THE GLOBE. BACK HOME, THE RALLY WAS IN THE HIGH BETA REALTY, METAL AND BANKING COUNTERS LEADING FROM THE FRONT.
TODAY MARKETS WOULD OPEN POSITIVE ON BUYING INTREST FROM ACROSS THE GLOBE WITH ASIAN ALONG WITH US MARKETS BEING IN A VERY POSITIVE TERRAIN. IF NIFTY TRADES ABOVE 5200 THEN LIKELY TO MOVE UP TO 5250 AND THEN TO 5290 AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO NEW HIGH AND THERE MAY BE LOT OF SHORT COVERING TO TAKE PLACE AT 5300 AND FRESH BUYING INTREST MAY ALSO CROP IN AT THIS POINT IN NIFTY SO CLOSE ABOVE 5300 IN NIFTY IS CONSIDERED TO BE VERY BULLISH IN NIFTY AND ONE IS ADVISED TO STAY INVESTED AS WELL ABOVE THIS POINT ON CLOSING BASIS AND BEING WITH THE TREND IS MOST ESSENTIAL IN MARKETS SO STAY CAUTIOUS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5160 THEN ONLY THINK OF SHORTING ELSE NO POINT AT THIS STAGE TO THINK OF ANY NEGATIVE IN NIFTY BUT IF NIFTY TRADES BELOW 5160 THEN LIKELY TO DIP DOWN TO 5080 AND THEN TO 5037. FOLLOW THE LEVELS INDICATED.
BUY IFCI SL 51.4 TGT 53/54/55
BUY ORBITCORP SL 306.45 TGT 318/327/340
BUY HDFC BANK SL 1924 TGT 1950/1978/1994
BUY BAJAJFINSV ABOVE 443.5 SL 436.4 TGT 453/465/483 (FOR POSITIONAL ULTIMATE TARGET 530)
BUY INDIA BULLS SL 149.7 TGT 156/169/162
BUY JSW ENERGY SL 123 TGT 126/127/128
POSITIONAL TRADES
BUY ATLANTA CMP TGT 350/385
