GOOD MORNING!!!
ALL THE INDICIES HAVE BATTERED AND THERE WAS MAJOR RECOVERY PULL BACK IN AFTERNOON SESSION, RECOVERY STARTED SOON AFTER EUROPEAN EXCHANGES TRADING FLAT TO POSITIVE THIS HAS UNDERPINNED THE SENTIMENT AND TURNED MARKETS FROM DEEP RED TO MARGINAL LOSSES, DURING THE TRADING SESSION IN THE MORNING MARKETS HAVE BREACHED 200 DAY MOVING AVERAGES AND TRADED FOR A VERY SHORT SPAN OF TIME AND BOUNCED BACK ABOVE THAT LEVEL AND MANAGED TO CLOSE MUCH ABOVE THAT 200 DMA LEVELS AND PSYCHOLOGICALLY MANAGED TO CLOSE ABOVE 5000 MARK THOUGH MARKETS HAVE PULLED BACK FROM DEEP RED NONE OF THE SECTORAL INDICIES MANAGED TO CLOSE POSITIVE EXCEPT FOR HEALTHCARE AND FMCG WHO MANAGED TO CLOSE MARGINALLY POSITIVE. IN A MAJOR PUSH TO INFRASTRUCTURE DEVELOPMENT IN THE COUNTRY, THE INDIAN GOVERNMENT WILL SET UP A RS 50,000 CRORE INDIA INFRASTRUCTURE FUND (IIF). THE MOVE IS AIMED AT MOBILISING $1 TRILLION (RS 45,00,000 CRORE) FOR INFRASTRUCTURE PROJECTS OVER THE NEXT FIVE YEARS. INDIAN PENSION AND INSURANCE FUND WILL CONTRIBUTE RS 20,000 CRORE TOWARDS THE INFRA FUND WHILE FOREIGN PENSION AND INSURANCE COMPANIES WILL PUT IN RS 10,000 CRORE. THE GOVERNMENT HOPES TO MOBILISE ANOTHER RS 10,000 CRORE FROM INTERNATIONAL FUNDS WHILE BOTH THE WORLD BANK AND INDIA INFRASTRUCTURE FINANCE COMPANY (IIFC) WILL CHIP IN WITH RS 5,000 CRORE EACH.
ALL THE INDICIES HAVE BATTERED AND THERE WAS MAJOR RECOVERY PULL BACK IN AFTERNOON SESSION, RECOVERY STARTED SOON AFTER EUROPEAN EXCHANGES TRADING FLAT TO POSITIVE THIS HAS UNDERPINNED THE SENTIMENT AND TURNED MARKETS FROM DEEP RED TO MARGINAL LOSSES, DURING THE TRADING SESSION IN THE MORNING MARKETS HAVE BREACHED 200 DAY MOVING AVERAGES AND TRADED FOR A VERY SHORT SPAN OF TIME AND BOUNCED BACK ABOVE THAT LEVEL AND MANAGED TO CLOSE MUCH ABOVE THAT 200 DMA LEVELS AND PSYCHOLOGICALLY MANAGED TO CLOSE ABOVE 5000 MARK THOUGH MARKETS HAVE PULLED BACK FROM DEEP RED NONE OF THE SECTORAL INDICIES MANAGED TO CLOSE POSITIVE EXCEPT FOR HEALTHCARE AND FMCG WHO MANAGED TO CLOSE MARGINALLY POSITIVE. IN A MAJOR PUSH TO INFRASTRUCTURE DEVELOPMENT IN THE COUNTRY, THE INDIAN GOVERNMENT WILL SET UP A RS 50,000 CRORE INDIA INFRASTRUCTURE FUND (IIF). THE MOVE IS AIMED AT MOBILISING $1 TRILLION (RS 45,00,000 CRORE) FOR INFRASTRUCTURE PROJECTS OVER THE NEXT FIVE YEARS. INDIAN PENSION AND INSURANCE FUND WILL CONTRIBUTE RS 20,000 CRORE TOWARDS THE INFRA FUND WHILE FOREIGN PENSION AND INSURANCE COMPANIES WILL PUT IN RS 10,000 CRORE. THE GOVERNMENT HOPES TO MOBILISE ANOTHER RS 10,000 CRORE FROM INTERNATIONAL FUNDS WHILE BOTH THE WORLD BANK AND INDIA INFRASTRUCTURE FINANCE COMPANY (IIFC) WILL CHIP IN WITH RS 5,000 CRORE EACH.
TODAY MARKETS MAY OPEN FLAT TO POSITIVE, THE TREND AS PER YESTERDAYS LOOKS VERY POSITIVE AND WE ARE LIKELY TO MOVE FORWARD ONE CAN TAKE A LONG POSITIONS ON POSITIONAL FRONT WITH 4950 AS STOPLOSS. TODAY IF NIFTY TRADES ABOVE 5062 THEN LIKELY TO MOVE UP TO 5098 AND ANY BREAK AND TRADES ABOVE 5100 THEN LIKELY TO HEAD TOWARDS 5131 AND ANY CLOSING ABOVE 5165 IS CONSIDERED TO BE TREND REVERSAL. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5030 THEN ONE CAN ENTER SHORT WITH STOPLOSS OF 5062 FOR NIFTY TO COME DOWN TO 5000 AND THEN TO 4950 LEVELS AND ANY BREAK AND CLOSE BELOW 4950 IS CONSIDERED TO BE VERY WEAK AND EXPECT MARKETS TO SLIDE DOWN FURTHER.
BUY SESAGOA SL 384 TGT 394/397/400
BUY LT SL 1586 TGT 1630/1645/1660
BUY MCLEODRUSS SL 215 TGT 221/223/225
BUY HDFC SL 2743 TGT 2780/2800/2840
BUY EKC SL 142 TGT 147/149/152
