GOOD MORNING!!!
MARKETS GYRATED IN A TIGHT BAND DURING THE LAST TRADING SESSION AS INVESTORS WERE AVOIDING TAKING BIG POSITIONS IN SHARES FOLLOWING RALLY IN PAST TWO SESSIONS AND HAVING SEEN THE MARKETS BEHAVING VERY ERRATIC . THOUGH THE OVERALL SENTIMENT REMAINED ON A POSITIVE SIDE; THE MARKETS WERE MISSING THE ZING OF LAST TWO TRADING SESSIONS. STOCKS FROM METAL, REALTY AND CONSUMER DURABLES SPACE REMAINED FAVOURITE AMONG INVESTORS. AS PER THE DATA RELEASED BY GOVERNMENT ON THE LAST TRADING DAY FOOD INFLATION STOOD AT 16.23% DURING THE WEEK UNDER REVIEW, MARGINALLY LOWER AS COMPARED WITH 16.43% IN THE PREVIOUS WEEK. THE INDEX FOR FOOD ARTICLES DECLINED MARGINALLY BY 0.1% TO 293.6 FROM 293.9 FOR THE PREVIOUS WEEK, DESPITE GOVERNMENT TAKING A NUMBER OF MEASURES TO BRING DOWN THE FOOD PRICES BUT STILL REMAINS AT HIGHEST LEVELS.
TODAY MARKETS LIKELY TO TRADE IN THE RANGE SPECIFIED BELOW IF NIFTY TRADES ABOVE 5050 THEN LIKELY TO MOVE UP TO 5080 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5100 LEVELS AND IT IS VERY DIFFICULT FOR NIFTY TO CROSS 5165 LEVELS AND TRADE AND WE EXPECT NIFTY TO COME DOWN AND BREAK THE PREVIOUS LOWS OF THE MONTH THIS IS THE RETRACEMENT PHASE AND EXPECTED TO REACH TO THE MAXIMUM OF 5165 LEVELS, ONE CAN GO SHORT AROUND 5100+ LEVELS WITH A STRICT STOPLOSS OF 5165 LEVELS ON CLOSING BASIS FOR A VERY GOOD REWARD. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5025 THEN LIKELY TO COME DOWN TO 5000 LEVELS AND BREAK BELOW THIS LEVEL WOULD DRAG NIFTY TO 4950 LEVEL AND ANY CLOSING BELOW 4950 IS CONSIDERED TO BE VERY WEAK AND WEAKNESS TO PERSIST IN THE DAYS AHEAD. NIFTY TRADING IN HUGE DISCOUNT WHICH IS ALSO A MATTER OF CONCERN WHICH IS NOW TRADING AT A DISCOUNT OF 30 POINTS, ONE IS CAUTIONED TO TRADE VERY CAREFULLY.
BUY IFCI SL 51.5 TGT 52.5/53.25/54.45
BUY RCOM SL 144.5 TGT 148/152/155
BUY VISA STEEL SL 33.45 TGT 35.5/36.5/37.5
MARKETS GYRATED IN A TIGHT BAND DURING THE LAST TRADING SESSION AS INVESTORS WERE AVOIDING TAKING BIG POSITIONS IN SHARES FOLLOWING RALLY IN PAST TWO SESSIONS AND HAVING SEEN THE MARKETS BEHAVING VERY ERRATIC . THOUGH THE OVERALL SENTIMENT REMAINED ON A POSITIVE SIDE; THE MARKETS WERE MISSING THE ZING OF LAST TWO TRADING SESSIONS. STOCKS FROM METAL, REALTY AND CONSUMER DURABLES SPACE REMAINED FAVOURITE AMONG INVESTORS. AS PER THE DATA RELEASED BY GOVERNMENT ON THE LAST TRADING DAY FOOD INFLATION STOOD AT 16.23% DURING THE WEEK UNDER REVIEW, MARGINALLY LOWER AS COMPARED WITH 16.43% IN THE PREVIOUS WEEK. THE INDEX FOR FOOD ARTICLES DECLINED MARGINALLY BY 0.1% TO 293.6 FROM 293.9 FOR THE PREVIOUS WEEK, DESPITE GOVERNMENT TAKING A NUMBER OF MEASURES TO BRING DOWN THE FOOD PRICES BUT STILL REMAINS AT HIGHEST LEVELS.
TODAY MARKETS LIKELY TO TRADE IN THE RANGE SPECIFIED BELOW IF NIFTY TRADES ABOVE 5050 THEN LIKELY TO MOVE UP TO 5080 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5100 LEVELS AND IT IS VERY DIFFICULT FOR NIFTY TO CROSS 5165 LEVELS AND TRADE AND WE EXPECT NIFTY TO COME DOWN AND BREAK THE PREVIOUS LOWS OF THE MONTH THIS IS THE RETRACEMENT PHASE AND EXPECTED TO REACH TO THE MAXIMUM OF 5165 LEVELS, ONE CAN GO SHORT AROUND 5100+ LEVELS WITH A STRICT STOPLOSS OF 5165 LEVELS ON CLOSING BASIS FOR A VERY GOOD REWARD. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5025 THEN LIKELY TO COME DOWN TO 5000 LEVELS AND BREAK BELOW THIS LEVEL WOULD DRAG NIFTY TO 4950 LEVEL AND ANY CLOSING BELOW 4950 IS CONSIDERED TO BE VERY WEAK AND WEAKNESS TO PERSIST IN THE DAYS AHEAD. NIFTY TRADING IN HUGE DISCOUNT WHICH IS ALSO A MATTER OF CONCERN WHICH IS NOW TRADING AT A DISCOUNT OF 30 POINTS, ONE IS CAUTIONED TO TRADE VERY CAREFULLY.
BUY IFCI SL 51.5 TGT 52.5/53.25/54.45
BUY RCOM SL 144.5 TGT 148/152/155
BUY VISA STEEL SL 33.45 TGT 35.5/36.5/37.5
BUY BAJAJ HIND SL 104 TGT 110/112/114
BUY NATIONAL FERT SL 99.60 TGT 102/104/106
BUY NATIONAL FERT SL 99.60 TGT 102/104/106
