GOOD MORNING!!!
BULLS HAVE GONE ABSOLUTELY MAD ON BEARS STRENGTH IN THE MARKET WITH GLOBAL TURMOIL ALMOST ALL THE EQUITIES HAVE BLEEDED TO THE CORE. MAXIMUM SECURITIES WERE DEEPLY WOUNDED ON THE STREET. WE HAVE WITNESSED HUGE SELL-OFF IN METALS, CONSUMER DURABLES, CAPITAL GOODS, OIL & GAS. NO SEGMENT OF THE MARKET MANAGED TO SHOW SIGNIFICANT STRENGTH DURING ENTIRE DAY. THOUGH THE MARKET STARTED OF NEGATIVE IT EVEN BECOME WORSE AS THE DAY PROGRESSED AND ENDED THE STOCKS MUCH LOWER AND DRAGGED THE NIFTY BELOW CRUCIAL 4800 MARK FOR THE FIRST TIME SINCE FEBRUARY, SHORT COVERING AT THE END HELPED THE BENCHMARK INDICES TO CLOSE ABOVE 4800 MARK. BREADTH OF THE MARKET REMAINED VERY WEAK THOUGHOUT THE SESSION. MARKETS HAVE WITNESSED SECOND HIGHEST TURNOVER IN THE HISTORY OF TRADE YESTERDAY.
TODAY MARKETS WOULD OPEN FLAT AND VERY VOLATILE. IF NIFTY TRADES BELOW 4800 THEN WOULD TAKE NIFTY DOWN TO 4775 AND THEN TO 4750 AND BREAK BELOW 4750 WOULD TAKE IT TO 4700 AND ONE CAN INITIATE LONGS PARTIALLY AROUND 4700 LEVELS. IF NIFTY TRADES ABOVE 4830 IT WOULD TAKE NIFTY TO 4856 AND THEN TO 4875 ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 4910 LEVELS. AS WE ARE AHEAD OF EXIPRY WE MAY WITNESS HUGE VOLATALITY SO MARKET WOULD BE VERY RANGE BOUND.
GSPL, AXIS IT&T, SESAGOA, DLF THESE ARE THE SCRIPS ONE CAN INITIATE BUY ON DECLINES
BUY IGL SL 225 TGT 232/236/242
BUY GODREJCP SL 326.9 TGT 337/344/355
BUY OIL INDIA SL 1225 TGT 1239/1250/1264
BULLS HAVE GONE ABSOLUTELY MAD ON BEARS STRENGTH IN THE MARKET WITH GLOBAL TURMOIL ALMOST ALL THE EQUITIES HAVE BLEEDED TO THE CORE. MAXIMUM SECURITIES WERE DEEPLY WOUNDED ON THE STREET. WE HAVE WITNESSED HUGE SELL-OFF IN METALS, CONSUMER DURABLES, CAPITAL GOODS, OIL & GAS. NO SEGMENT OF THE MARKET MANAGED TO SHOW SIGNIFICANT STRENGTH DURING ENTIRE DAY. THOUGH THE MARKET STARTED OF NEGATIVE IT EVEN BECOME WORSE AS THE DAY PROGRESSED AND ENDED THE STOCKS MUCH LOWER AND DRAGGED THE NIFTY BELOW CRUCIAL 4800 MARK FOR THE FIRST TIME SINCE FEBRUARY, SHORT COVERING AT THE END HELPED THE BENCHMARK INDICES TO CLOSE ABOVE 4800 MARK. BREADTH OF THE MARKET REMAINED VERY WEAK THOUGHOUT THE SESSION. MARKETS HAVE WITNESSED SECOND HIGHEST TURNOVER IN THE HISTORY OF TRADE YESTERDAY.
TODAY MARKETS WOULD OPEN FLAT AND VERY VOLATILE. IF NIFTY TRADES BELOW 4800 THEN WOULD TAKE NIFTY DOWN TO 4775 AND THEN TO 4750 AND BREAK BELOW 4750 WOULD TAKE IT TO 4700 AND ONE CAN INITIATE LONGS PARTIALLY AROUND 4700 LEVELS. IF NIFTY TRADES ABOVE 4830 IT WOULD TAKE NIFTY TO 4856 AND THEN TO 4875 ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 4910 LEVELS. AS WE ARE AHEAD OF EXIPRY WE MAY WITNESS HUGE VOLATALITY SO MARKET WOULD BE VERY RANGE BOUND.
GSPL, AXIS IT&T, SESAGOA, DLF THESE ARE THE SCRIPS ONE CAN INITIATE BUY ON DECLINES
BUY IGL SL 225 TGT 232/236/242
BUY GODREJCP SL 326.9 TGT 337/344/355
BUY OIL INDIA SL 1225 TGT 1239/1250/1264
