GOOD MORNING!!!
AFTER GETTING OFF TO A FLYING START THIS MORNING MARKETS FAILED TO HOLD THE POSITIVE STREAK AND GAVE AWAY ALL THE GAINS BY THE END OF THE TRADING SESSION. MARKETS OPENED UP AROUND 70 POINTS AND THEN MANAGED TO GO UP BY AROUND 100 POINTS AND BY THE END OF THE TRADING SESSION IT HAS TRADED IN NEGATIVE, THE RALLY WAS INITIALLY TRIGGERED BY THE BIGGEST CORPORATE ANNOUNCEMENTS OF THE COUNTRY IN WHICH TWO LEADING BUSINESS TYCOONS OF THE COUNTRY AMBANI BROTHERS AGREED TO CANCEL ALL EXISTING NON-COMPETE ARRANGEMENTS EXECUTED IN JANUARY 2006. OIL & GAS, POWER AND CAPITAL GOODS SHARES HOGGED THE LIMELIGHT DURING THE SESSION WHILE REALTY, METAL AND AUTO STOCKS COULD NOT SUSTAIN THEIR EARLY GAINS AND THEY FINISHED LOWER. THE SMALL-CAP STOCKS OUTPERFORMED THEIR LARGE-CAP STOCKS IN TRADE.
TODAY MARKETS WOULD OPEN NEGATIVE AND IF NIFTY TRADES BELOW 4900 THEN LIKELY TO COME DOWN TO 4874 AND THEN TO 4850 AND ANY TRADES BELOW 4850 WILL DRAG NIFTY DOWN TO 4800 AND THEN TO 4675 LEVELS IN A SHORT SPAN OF TIME. ON THE POSITIVE SIDE ONLY IF NIFTY TRADES ABOVE 4950 ONE CAN THINK OF INITIATING LONGS UNTIL THAN IT IS ADVISED TO STAY CAUTIOUS IN THIS MARKET.
SELL SESAGOA SL 344 TGT 332/329/326
SELL ICICI BANK SL 834 TGT 818/812/807
SELL SBI SL 2234 TGT 2206/2195/2186
AFTER GETTING OFF TO A FLYING START THIS MORNING MARKETS FAILED TO HOLD THE POSITIVE STREAK AND GAVE AWAY ALL THE GAINS BY THE END OF THE TRADING SESSION. MARKETS OPENED UP AROUND 70 POINTS AND THEN MANAGED TO GO UP BY AROUND 100 POINTS AND BY THE END OF THE TRADING SESSION IT HAS TRADED IN NEGATIVE, THE RALLY WAS INITIALLY TRIGGERED BY THE BIGGEST CORPORATE ANNOUNCEMENTS OF THE COUNTRY IN WHICH TWO LEADING BUSINESS TYCOONS OF THE COUNTRY AMBANI BROTHERS AGREED TO CANCEL ALL EXISTING NON-COMPETE ARRANGEMENTS EXECUTED IN JANUARY 2006. OIL & GAS, POWER AND CAPITAL GOODS SHARES HOGGED THE LIMELIGHT DURING THE SESSION WHILE REALTY, METAL AND AUTO STOCKS COULD NOT SUSTAIN THEIR EARLY GAINS AND THEY FINISHED LOWER. THE SMALL-CAP STOCKS OUTPERFORMED THEIR LARGE-CAP STOCKS IN TRADE.
TODAY MARKETS WOULD OPEN NEGATIVE AND IF NIFTY TRADES BELOW 4900 THEN LIKELY TO COME DOWN TO 4874 AND THEN TO 4850 AND ANY TRADES BELOW 4850 WILL DRAG NIFTY DOWN TO 4800 AND THEN TO 4675 LEVELS IN A SHORT SPAN OF TIME. ON THE POSITIVE SIDE ONLY IF NIFTY TRADES ABOVE 4950 ONE CAN THINK OF INITIATING LONGS UNTIL THAN IT IS ADVISED TO STAY CAUTIOUS IN THIS MARKET.
SELL SESAGOA SL 344 TGT 332/329/326
SELL ICICI BANK SL 834 TGT 818/812/807
SELL SBI SL 2234 TGT 2206/2195/2186
