GOOD MORNING!!!
MARKETS HAVE BOUNCED BACK ON A STRONG NOTE UNDERPINNED BY GLOBAL CUES REVERSING MOST OF THE LOSSES FROM THEIR PREVIOUS SESSION AND MANAGED TO CROSS ABOVE 4900, IT WAS A FLAT START INITIALLY BUT TOOK MOMENTUM AFTER THAT AND EDGED HIGHER SOON AFTER EUROPEAN STOCKS OPENING HIGH AND TRACKING US INDEX FUTURES STRENGTH. PARTICIPATION FROM ACROSS THE BOARD IGNITED NIFTY TO SURPASS THE CRUCIAL 4900 MARK. IT, REALITY, AUTO AND METALS LEAD THE RALLY, THERE WAS LOT OF VOLATALITY DURING THE TRADE AS TRADERS ROLLED OVER THEIR POSITIONS FROM CURRENT MONTH F&O TO THE NEXT SERIES. THERE WAS CONSTANT UPMOVE IN THE MARKET ON ADVANCE/DECLINE RATIO SHOWING THE POSITIVE STRENGTH IN THE MARKETS. THOUGH THE VALUATIONS LOOKS ATTRACTIVE INVESTORS LITTLE APPREHENSIVE IN TAKING DELIVERY AS THERE IS STILL SCOPE OF WORRY.
TODAY NIFTY MAY OPEN FLAT AND WOULD SEE LOT OF VOLATALITY DURING THE ENTIRE DAY. IF NIFTY TRADES ABOVE 4930 THEN ONE IS ADVISED TO GO LONG AND IF NIFTY TRADES ABOVE 4930 THEN LIKELY TO MOVE UPTO 4950 AND THEN TO 4975 AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 4905 THEN LIKELY TO DIP DOWN TO 4875 AND BREAK BELOW THIS LEVEL WOULD DRAG NIFTY TO 4855 LEVELS AND ANY TRADE BELOW 4850 CAN LEAD NIFTY TO 4816 LEVELS. TODAY WE MAY SEE LOT OF VOLATALITY IN THE MARKETS AS THERE IS EXPIRY OF CURRENT MONTH CONTRACTS. ONE IS ADVISED TO STAY AWAY FROM LONG POSITIONS FOR FRIDAY AS MARKET HAS LITTLE PARTICIPATION FROM FII’S AND DII’S WHEN MARKET IS MOVING UP AND HEAVY PARTICIPATION WHEN MARKET IS COMING DOWN WHICH CLEARLY INDICATES THE TREND STILL REMAINS DOWNSIDE WAIT FOR GOOD REVERSAL THEN ONE CAN GO LONG, TILL THEN IT IS WISE TO STAY ON CASH.
BUY CAIRN SL 280 TGT 286/289/292
BUY MCDOWEL SL 1143 TGT 1180/1196/1219
BUY IBREAL SL 150 TGT 153/156/158
BUY HDFC SL 2670 TGT 2710/2724/2748
BUY SESAGOA SL 320 TGT 330/334/338
MARKETS HAVE BOUNCED BACK ON A STRONG NOTE UNDERPINNED BY GLOBAL CUES REVERSING MOST OF THE LOSSES FROM THEIR PREVIOUS SESSION AND MANAGED TO CROSS ABOVE 4900, IT WAS A FLAT START INITIALLY BUT TOOK MOMENTUM AFTER THAT AND EDGED HIGHER SOON AFTER EUROPEAN STOCKS OPENING HIGH AND TRACKING US INDEX FUTURES STRENGTH. PARTICIPATION FROM ACROSS THE BOARD IGNITED NIFTY TO SURPASS THE CRUCIAL 4900 MARK. IT, REALITY, AUTO AND METALS LEAD THE RALLY, THERE WAS LOT OF VOLATALITY DURING THE TRADE AS TRADERS ROLLED OVER THEIR POSITIONS FROM CURRENT MONTH F&O TO THE NEXT SERIES. THERE WAS CONSTANT UPMOVE IN THE MARKET ON ADVANCE/DECLINE RATIO SHOWING THE POSITIVE STRENGTH IN THE MARKETS. THOUGH THE VALUATIONS LOOKS ATTRACTIVE INVESTORS LITTLE APPREHENSIVE IN TAKING DELIVERY AS THERE IS STILL SCOPE OF WORRY.
TODAY NIFTY MAY OPEN FLAT AND WOULD SEE LOT OF VOLATALITY DURING THE ENTIRE DAY. IF NIFTY TRADES ABOVE 4930 THEN ONE IS ADVISED TO GO LONG AND IF NIFTY TRADES ABOVE 4930 THEN LIKELY TO MOVE UPTO 4950 AND THEN TO 4975 AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 4905 THEN LIKELY TO DIP DOWN TO 4875 AND BREAK BELOW THIS LEVEL WOULD DRAG NIFTY TO 4855 LEVELS AND ANY TRADE BELOW 4850 CAN LEAD NIFTY TO 4816 LEVELS. TODAY WE MAY SEE LOT OF VOLATALITY IN THE MARKETS AS THERE IS EXPIRY OF CURRENT MONTH CONTRACTS. ONE IS ADVISED TO STAY AWAY FROM LONG POSITIONS FOR FRIDAY AS MARKET HAS LITTLE PARTICIPATION FROM FII’S AND DII’S WHEN MARKET IS MOVING UP AND HEAVY PARTICIPATION WHEN MARKET IS COMING DOWN WHICH CLEARLY INDICATES THE TREND STILL REMAINS DOWNSIDE WAIT FOR GOOD REVERSAL THEN ONE CAN GO LONG, TILL THEN IT IS WISE TO STAY ON CASH.
BUY CAIRN SL 280 TGT 286/289/292
BUY MCDOWEL SL 1143 TGT 1180/1196/1219
BUY IBREAL SL 150 TGT 153/156/158
BUY HDFC SL 2670 TGT 2710/2724/2748
BUY SESAGOA SL 320 TGT 330/334/338
NOTE: STAY CAUTIOUS AS MARKET WOULD BE VERY VOLTILE AND TRADE WITH LESS QTY
