GOOD MORNING!!!
MARKETS REGAINED STRENGTH FROM THE WORLD MARKETS AND EDGED HIGHER TRACKING THE STRONG CUES FROM THE WORLD WIDE EQUITES. THERE WAS HUGE AND FRESH BUYING CROPPED IN AND WE HAVE WITNESSED A FRESH BUYING IN COUNTERS LIKE TELECOM AND OIL & GAS, THE OUTSTANDING GROWTH IN THE SERVICES SECTOR FOR THE MONTH OF MAY HAS LIFTED THE SENTIMENT OF THE INVESTORS IN THE TRADE. MARKETS IN THE INTIAL TRADE MADE A GAP UP OPENING AND SUSTAINED IT FOR THE ENTIRE DAY WITHOUT ANY KIND OF REVERSAL, MARKET HAS INCHED UP SLOW AND STEADILY NEGATING ALL THE NEGATIVES IN THE MARKET AND TAKING IT TO A BETTER AND COMFORTABLE ZONE.
TODAY MARKETS WOULD BE NARROWLY RANGE BOUND. IF NIFTY TRADES ABOVE 5110 ONE CAN SEE NIFTY TO MOVE UPTO 5165 LEVLES AND ONE IS ADVISED TO STAY OUT OF NIFTY IF IT CLOSES IN AND AROUND 5165, BUT IF NIFTY CLOSES ABOVE 5165 WITH CONVINCING BUYS IN THE MARKETS THEN ONE IS ADVISED TO STAY INVESTED AS WE MAY HEAD TOWARDS MUCH HIGHER ZONES SURPASSING ALL THE PREVIOUS HIGHS OF THE YEAR. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5060 LEVELS THEN MARKETS LIKELY TO NOSE DIVE TO 5017 LEVELS AND BREAK BELOW THIS LEVEL WOULD TAKE IT 4980 AND ANY CLOSE BELOW 5000 AGAIN IS NEGATIVE FOR THE MARKETS IN A SHORT RUN.
BUY TECHM SL 710 TGT 728/737/750
BUY RPOWER SL 160 TGT 165/168/173
BUY YESBANK SL 294 TGT 300/304/307
BUY UNIONBANK SL 313 TGT 319/235/332
BUY HAVELLS SL 630 TGT 650/662/676
BUY BANKBARODA SL 735 TGT 746/755/763
MARKETS REGAINED STRENGTH FROM THE WORLD MARKETS AND EDGED HIGHER TRACKING THE STRONG CUES FROM THE WORLD WIDE EQUITES. THERE WAS HUGE AND FRESH BUYING CROPPED IN AND WE HAVE WITNESSED A FRESH BUYING IN COUNTERS LIKE TELECOM AND OIL & GAS, THE OUTSTANDING GROWTH IN THE SERVICES SECTOR FOR THE MONTH OF MAY HAS LIFTED THE SENTIMENT OF THE INVESTORS IN THE TRADE. MARKETS IN THE INTIAL TRADE MADE A GAP UP OPENING AND SUSTAINED IT FOR THE ENTIRE DAY WITHOUT ANY KIND OF REVERSAL, MARKET HAS INCHED UP SLOW AND STEADILY NEGATING ALL THE NEGATIVES IN THE MARKET AND TAKING IT TO A BETTER AND COMFORTABLE ZONE.
TODAY MARKETS WOULD BE NARROWLY RANGE BOUND. IF NIFTY TRADES ABOVE 5110 ONE CAN SEE NIFTY TO MOVE UPTO 5165 LEVLES AND ONE IS ADVISED TO STAY OUT OF NIFTY IF IT CLOSES IN AND AROUND 5165, BUT IF NIFTY CLOSES ABOVE 5165 WITH CONVINCING BUYS IN THE MARKETS THEN ONE IS ADVISED TO STAY INVESTED AS WE MAY HEAD TOWARDS MUCH HIGHER ZONES SURPASSING ALL THE PREVIOUS HIGHS OF THE YEAR. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5060 LEVELS THEN MARKETS LIKELY TO NOSE DIVE TO 5017 LEVELS AND BREAK BELOW THIS LEVEL WOULD TAKE IT 4980 AND ANY CLOSE BELOW 5000 AGAIN IS NEGATIVE FOR THE MARKETS IN A SHORT RUN.
BUY TECHM SL 710 TGT 728/737/750
BUY RPOWER SL 160 TGT 165/168/173
BUY YESBANK SL 294 TGT 300/304/307
BUY UNIONBANK SL 313 TGT 319/235/332
BUY HAVELLS SL 630 TGT 650/662/676
BUY BANKBARODA SL 735 TGT 746/755/763
