GOOD MORNING!!!
IMPROVEMENT IN THE GLOBAL SENTIMENT HAS WEIGHED THE MARKETS TO CLOSE SLIGHTLY POSITIVE, HALTING A TWO DAY LOOSING STREAK. INITIALLY AFTER MAKING A FLAT OPENING IN THE MORNING MARKETS TOOK THE STRIDE OF BEARS BUT IN THE MID TRADE THERE WAS GOOD BUYING CROPPED IN AND MANAGED TO CROSS 5100 MARK IN NIFTY BUT COULDN’T SUSTAIN THE LEVEL. AND MANAGED TO CLOSE AT 5066 LEVELS. CAPITAL GOODS, FMCG AND CONSUMER DURABLE STOCKS WERE IN HIGH DEMAND AND THERE WAS PROFIT BOOKING SEEN IN REALITY, METALS AND AUTO SECTORS.
TODAY MARKETS TO REMAIN RANGE BOUND. IF NIFTY TRADES ABOVE 5075 THEN LIKELY TO MAKE AN UP MOVE TILL 5100 AND ANY TRADE ABOVE 5100 CONVINCINGLY WOULD TAKE NIFTY TO 5140 LEVELS AND CLOSE ABOVE 5125 IS CONSIDERED TO BE BULLISH AND ONE CAN GO LONG POSITIONALLY IN NIFTY IF MANAGES TO CLOSE ABOVE 5125. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5048 THEN LIKELY TO DIP DOWN TO 5017 AND ANY TRADE BELOW 5017 WOULD DRAG DOWN NIFTY TO 4975 AND THEN TO 4950. IF NIFTY CLOSES BELOW 4950 THEN IT IS WISE TO EXIT LONGS TO THE MAXIMUM AS BEAR WILL COMPLETELY TAKE CHARGE OF MARKETS IN THE COMING DAYS.
BUY FEDERAL BANK SL 306 TGT 314/319/323
BUY KTKBANK SL 151 TGT 156/160/163
BUY IGL SL 241 TGT 254/257/260
BUY JMC PROJECTS SL 219 TGT 229/237/243
BUY OPTOCIRCUITS SL 230 TGT 237/239/242
BUY ZYLOG SL 490 TGT 500/507/512
BUY TATA COFFEE SL 416 TGT 424/429/433
POSITIONAL TRADES
BUY SUPREME INFRA LTD SL 204 TGT 250/275/290
BUY AVAYA GLOBAL CONN SL 250 TGT 350/400
