GOOD MORNING!!!
MARKETS SNAPPED ITS WINNING STREAK ON MONDAY AFTER A THREE DAY SURGE ON THE CONCERNS OVER SLOWDOWN IN THE RECOVERY OF GLOBAL ECONOMY, THIS FALL GLOBALLY IS BECAUSE OF LOWER THAN EXPECTED JOBS DATA FOR THE MONTH OF MAY OVER THE WEEKEND AND ADDING FUEL TO THE FIRE WAS EURO ZONE DEBT CRISIS WHICH HAS STARTED SHOWING ITS IMPACT ON NEIGHBOURING COUNTRIES, THIS TIME HUNGARY HAS PUT THEIR LEG FORWARD WHICH HAS INVITED FEARS IN INVESTORS NOW ARE LITTLE APPREHENSIVE MARKETS AS THEY FEEL MORE TROUBLE MAY BE INVITED BY EUROPEAN ECONOMIES. OVERALL COMPLETELY CAPTIVATED BY BEARS AND DIDN’T GIVE MUCH SCOPE TO BREATH IN TERMS OF RETRACEMENT ALMOST MANY HAVE SHATTERED TO THE NEW LOWS, SELLING PRESSURE EXISTED RIGHT FROM THE BEGINNING OF THE TRADE, WE HAVE ALSO SEEN PROFIT BOOKING IN PSU. BUT ALL IN ALL IT WAS A GOOD MARKET AS WE DIDN’T SEE NIFTY TO NOSE DIVE AS EXPECTED IT IS MUCH BELOW THAN WHAT WAS ANTICIPATED LAST DAY.
TODAY WE EXPECT MARKET TO REMAIN IN A NARROW RANGE BAND AND THERE WOULD BE SOME BUYING COMING IN AT LOWER LEVELS AND WE WILL SEE VERY STOCK SPECIFIC MOVES IN THE MARKETS. IF NIFTY TRADES ABOVE 5030 THEN LIKELY TO MAKE AN UPMOVE TO 5062 LEVELS AND BREAK ABOVE IT WOULD TOUCH 5098 LEVELS AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 5000 THEN LILKEY TO COME DOWN TO 4980 AND FURTHER BELOW THIS LEVEL WOULD TAKE NIFTY TO 4950 AND ANY CLOSE BELOW 4950 WOULD BE CONSIDERED VERY WEAK AND MAY HEAD DOWN TO 4675 LEVLES. THERE IS ONE IMPORTANT INFORMATION WHERE ONE HAS TO BE CAREFUL IS MANSOONS WHICH HAVE POSITIVE DEVELOPMENTS ON THE SOUTHWEST MANSOONS WHICH IS A KEY TRIGGER IN THE MARKET IN THE COMING DAYS AS THE MANSOONS STARTED PROGRESSING AFTER BEING STALLED FOR SOME TIME DUE TO A CYCLONE FORMATION OVER ARBIAN SEA NOW THAT THEIR PROGRESS IS MORE RAPID NOW, SO IF MANSOONS ARE AT EVEN NORMAL THEN EXPECT MARKET TO GO MUCH HIGHER THAN EXPECTED.
BUY LAKSHMI VILAS BANK SL 86 TGT 92/94/96
BUY DHANALAXMI BANK SL 159 TGT 164/166/170
BUY RELMEDIA SL 174 TGT 185/188/192
BUY GSPL SL 93 TGT 99/102/104
POSITIONAL TRADES
BUY FAIRFIELD ATLAS TGT 75/100
BUY DCB TGT 56/66
MARKETS SNAPPED ITS WINNING STREAK ON MONDAY AFTER A THREE DAY SURGE ON THE CONCERNS OVER SLOWDOWN IN THE RECOVERY OF GLOBAL ECONOMY, THIS FALL GLOBALLY IS BECAUSE OF LOWER THAN EXPECTED JOBS DATA FOR THE MONTH OF MAY OVER THE WEEKEND AND ADDING FUEL TO THE FIRE WAS EURO ZONE DEBT CRISIS WHICH HAS STARTED SHOWING ITS IMPACT ON NEIGHBOURING COUNTRIES, THIS TIME HUNGARY HAS PUT THEIR LEG FORWARD WHICH HAS INVITED FEARS IN INVESTORS NOW ARE LITTLE APPREHENSIVE MARKETS AS THEY FEEL MORE TROUBLE MAY BE INVITED BY EUROPEAN ECONOMIES. OVERALL COMPLETELY CAPTIVATED BY BEARS AND DIDN’T GIVE MUCH SCOPE TO BREATH IN TERMS OF RETRACEMENT ALMOST MANY HAVE SHATTERED TO THE NEW LOWS, SELLING PRESSURE EXISTED RIGHT FROM THE BEGINNING OF THE TRADE, WE HAVE ALSO SEEN PROFIT BOOKING IN PSU. BUT ALL IN ALL IT WAS A GOOD MARKET AS WE DIDN’T SEE NIFTY TO NOSE DIVE AS EXPECTED IT IS MUCH BELOW THAN WHAT WAS ANTICIPATED LAST DAY.
TODAY WE EXPECT MARKET TO REMAIN IN A NARROW RANGE BAND AND THERE WOULD BE SOME BUYING COMING IN AT LOWER LEVELS AND WE WILL SEE VERY STOCK SPECIFIC MOVES IN THE MARKETS. IF NIFTY TRADES ABOVE 5030 THEN LIKELY TO MAKE AN UPMOVE TO 5062 LEVELS AND BREAK ABOVE IT WOULD TOUCH 5098 LEVELS AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 5000 THEN LILKEY TO COME DOWN TO 4980 AND FURTHER BELOW THIS LEVEL WOULD TAKE NIFTY TO 4950 AND ANY CLOSE BELOW 4950 WOULD BE CONSIDERED VERY WEAK AND MAY HEAD DOWN TO 4675 LEVLES. THERE IS ONE IMPORTANT INFORMATION WHERE ONE HAS TO BE CAREFUL IS MANSOONS WHICH HAVE POSITIVE DEVELOPMENTS ON THE SOUTHWEST MANSOONS WHICH IS A KEY TRIGGER IN THE MARKET IN THE COMING DAYS AS THE MANSOONS STARTED PROGRESSING AFTER BEING STALLED FOR SOME TIME DUE TO A CYCLONE FORMATION OVER ARBIAN SEA NOW THAT THEIR PROGRESS IS MORE RAPID NOW, SO IF MANSOONS ARE AT EVEN NORMAL THEN EXPECT MARKET TO GO MUCH HIGHER THAN EXPECTED.
BUY LAKSHMI VILAS BANK SL 86 TGT 92/94/96
BUY DHANALAXMI BANK SL 159 TGT 164/166/170
BUY RELMEDIA SL 174 TGT 185/188/192
BUY GSPL SL 93 TGT 99/102/104
POSITIONAL TRADES
BUY FAIRFIELD ATLAS TGT 75/100
BUY DCB TGT 56/66
