GOOD MORNING!!!
OUR MARKETS MANAGED TO DIGEST THE GLOBAL HEAT ON SELLING WHICH LED THE RECOVERY BY CHINEESE MARKETS, THOUGH US MARKETS WITNESSED IMMENSE SELLING PRESSURE AFTER ECONOMIC DATA SHOWED UNEXPECTED RISE IN PEOPLE APPLYING FOR UNEMPLOYMENT BENEFITS LAST WEAK. EUROPEAN DEBT ISSUE ALSO CONTINUED TO HAUNT INVESTORS ALL OVER THE WORLD WHICH RESULTED IN HUGE COLLAPSE IN ALL THE WORLD INDICES, GERMANYS DECISION TO CURB NAKED SHORT SELLING IN FEW SECURITIES ADDED FUEL TO THE FIRE, THIS HAS DAMPENED THE SENTIMENTS FURTHER LEADING TO PRESSUE. DURING THE LAST SESSION MARKETS OPENED GAP DOWN AND HAVE TOUCHED THE THREE MONTH LOWS AND THEN BARGAIN HUNTING IN MAJOR STOCKS HELPED THE MARKETS TO REGAIN THE STRENGTH, MARKET MOVED IN NARROW RANGE IN THE MORNING SESSIONS AND SLOWLY STARTED RECOVERING.
TODAY MARKETS WOULD OPEN GAP UP. IF NIFTY TRADES ABOVE 4942 THEN LIKELY TO GO TO 4967 AND THEN TO 4994 AND ANY BREAK AND TRADE ABOVE 5016 WOULD TAKE NIFTY TO 5062. AND ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 4916 THEN WE MAY SEE NIFTY TO DRIFT DOWN TO 4874 AND THEN TO 4851 LEVELS AND ANY BREAK BELOW 4851 IS CONSIDERED TO BE VERY WEAK IN NIFTY AND ONE CAN SEE NIFTY TO TOUCH 4675 BEFORE EXPIRY.
BUY JSPL SL 628 TGT 642/648/654
BUY RECLTD SL 274 TGT 280/283/285
BUY JINDALSAW SL 186 TGT 189.4/192/194
BUY MARUTI SL 1224 TGT 1245/1257/1265
BUY JAINIRRIGATION SL 958 TGT 995/1004/1013
BUY MUNDRA PORT SL 664 TGT 679/683/688
BUY RECLTD SL 274 TGT 280/283/285
BUY JINDALSAW SL 186 TGT 189.4/192/194
BUY MARUTI SL 1224 TGT 1245/1257/1265
BUY JAINIRRIGATION SL 958 TGT 995/1004/1013
BUY MUNDRA PORT SL 664 TGT 679/683/688
