GOOD MORNING!!!
KEY INDICES CONTINUED TO GYRATE IN A VERY NARROW RANGE WITH POSITIVE BIAS TILL EUROPEAN MARKETS OPENED AND WITH HIGHER US INDEX IN THE LATE AFTERNOON MARKET STARTED SURGING AND BARGIN HUNT STARTED IN ALMOST ALL THE SECTORS, IN THE EARLY TRADE THOUGH EUROPE WAS TRADING IN NEGATIVE ZONES MARKETS DID NOT REACT TO IT OR FOLLOWED ITS PATH IT SUSTAINED THE POSITIVE ZONE ALL THROUGH THE DAY AND IN THE AFTERNOON SESSION SLOWLY EUROPE ALSO STARTED TO JOIN THE POSITIVE MARKETS AND OUR MARKETS TOOK MOMENTUM AND STARTED HITTING HIGHER HIGHS OF THE DAY AND CLOSED IN A VERY POSITIVE TERRITORY THERE BY GIVING SCOPE FOR FRESH ENTRANTS TO CHARGE THE MARKETS. OVERALL CLOSING OF THE MARKET INDICATED STRONG BREADTH.
TODAY MARKETS MAY OPEN POSITIVE AND MARKETS MAY RALLY IF NIFTY TRADES ABOVE 5135 THEN LIKLEY TO MOVE UP TO 5162 LEVELS AND MAY FACE SOME RESISTANCE OVER THAT PLACE AND CONTINUE TO RALLY UPWARDS WITH GOOD VOLUMES MAY TAKE FURTHER UPSIDE TO 5218 LEVELS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5075 LIKELY TO DIP DOWN TO 5053 LEVELS AND ANY BREAK BELOW WOULD NOSE DIVE TO 5024 LEVELS AND THEN TO 5000 LEVELS. ONE IS ADVISED TO STAY AWAY FROM SHORTS FOR TIME BEING.
BUY TATA METALIK SL 150 TGT 158/163/172
BUY BATA(I) SL 276 TGT 289/297/304
BUY ORCHID CHEM SL 150 TGT 153.5/155/157
BUY RELINFRA SL 1113 TGT 1140/1152/1162
BUY CIPLA SL 332 TGT 339/342/346
BUY CUMMINS SL 590 TGT 597/601/604
KEY INDICES CONTINUED TO GYRATE IN A VERY NARROW RANGE WITH POSITIVE BIAS TILL EUROPEAN MARKETS OPENED AND WITH HIGHER US INDEX IN THE LATE AFTERNOON MARKET STARTED SURGING AND BARGIN HUNT STARTED IN ALMOST ALL THE SECTORS, IN THE EARLY TRADE THOUGH EUROPE WAS TRADING IN NEGATIVE ZONES MARKETS DID NOT REACT TO IT OR FOLLOWED ITS PATH IT SUSTAINED THE POSITIVE ZONE ALL THROUGH THE DAY AND IN THE AFTERNOON SESSION SLOWLY EUROPE ALSO STARTED TO JOIN THE POSITIVE MARKETS AND OUR MARKETS TOOK MOMENTUM AND STARTED HITTING HIGHER HIGHS OF THE DAY AND CLOSED IN A VERY POSITIVE TERRITORY THERE BY GIVING SCOPE FOR FRESH ENTRANTS TO CHARGE THE MARKETS. OVERALL CLOSING OF THE MARKET INDICATED STRONG BREADTH.
TODAY MARKETS MAY OPEN POSITIVE AND MARKETS MAY RALLY IF NIFTY TRADES ABOVE 5135 THEN LIKLEY TO MOVE UP TO 5162 LEVELS AND MAY FACE SOME RESISTANCE OVER THAT PLACE AND CONTINUE TO RALLY UPWARDS WITH GOOD VOLUMES MAY TAKE FURTHER UPSIDE TO 5218 LEVELS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5075 LIKELY TO DIP DOWN TO 5053 LEVELS AND ANY BREAK BELOW WOULD NOSE DIVE TO 5024 LEVELS AND THEN TO 5000 LEVELS. ONE IS ADVISED TO STAY AWAY FROM SHORTS FOR TIME BEING.
BUY TATA METALIK SL 150 TGT 158/163/172
BUY BATA(I) SL 276 TGT 289/297/304
BUY ORCHID CHEM SL 150 TGT 153.5/155/157
BUY RELINFRA SL 1113 TGT 1140/1152/1162
BUY CIPLA SL 332 TGT 339/342/346
BUY CUMMINS SL 590 TGT 597/601/604
