GOOD MORNING!!!
FRIDAY MARKETS HAVE ADDED TO THEIR GAINS. INITIALLY MARKETS HAVE TRADED POSITIVE AND STARTED TO COME UP WITH SOME PROFIT BOOKING LATER WITH THE GOOD IIP NUMBERS MARKETS HAVE INCHED HIGHER WITH BETTER-THAN-EXPECTED IIP NUMBERS FOR APRIL. MARKETS GAVE A STEADY RISE IN THE AFTERNOON SOON AFTER THE DECLARATION OF IIP NUMBERS FOR THE MONTH AS IT STOOD BEYOND THE EXPECTATION OF MARKETS, MARKETS EXPECTED TO INCREASE IT TO 14% FOR THE MONTH BUT THE MARKETS OUT-PERFORMED MORE THAN EXPECTATION AS IT STOOD AT 17.6% COMPARED TO 13.5% FOR MARCH (MOM).
TODAY MARKETS WOULD REMAIN RANGE BOUND WITH POSITIVE BIAS. IF NIFTY TRADES ABOVE 5135 THEN LIKELY TO MAKE A MOVE UPTO 5162 LEVELS AND ANY BREAK ABOVE THIS POINT WOULD TAKE IT TO 5218 LEVELS THOUGH 5200 IS A PSYCHOLOGICAL RESISTANCE ZONE. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5098 THEN LIKELY TO DECLINE TO 5075 AND THEN TO 5053 AND ANY BREAK BELOW 5053 CONVINCINGLY WOULD TAKE IT DOWN FURTHER TO 5024 TO 5000 LEVELS. THERE MAY BE BARGAIN HAUNT ON THE STOCKS WHICH ARE BATTERED IN THE LAST FEW TRADING SESSIONS. MARKETS OVER A LONG TERM PERSPECTIVE LOOKING VERY GOOD ONE CAN START INVESTING IN SMALL QUANTITIES IF NIFTY TRADES AND CLOSES ABOVE 5150 LEVELS.
BUY HDIL SL 233 TGT 240/246/250
BUY NATIONAL STEEL & AGRO INDS SL 27.4 TGT 28.40/29.30/29.75
BUY FORTIS SL 149 TGT 155/159/162
BUY ARSSINFRA SL 1244 TGT 1270/1293/1307
BUY IRB SL 277 TGT 283/288/292
BUY SIEMENS SL 717 TGT 727/735/742
POSITIONAL TRADES
BUY VINYL CHEMICALS TGT 35/45**
BUY ARIES AGRO TGT 155/188*
BUY JYOTHY LAB TGT 300/350*
BUY ESCORTS TGT 230
FRIDAY MARKETS HAVE ADDED TO THEIR GAINS. INITIALLY MARKETS HAVE TRADED POSITIVE AND STARTED TO COME UP WITH SOME PROFIT BOOKING LATER WITH THE GOOD IIP NUMBERS MARKETS HAVE INCHED HIGHER WITH BETTER-THAN-EXPECTED IIP NUMBERS FOR APRIL. MARKETS GAVE A STEADY RISE IN THE AFTERNOON SOON AFTER THE DECLARATION OF IIP NUMBERS FOR THE MONTH AS IT STOOD BEYOND THE EXPECTATION OF MARKETS, MARKETS EXPECTED TO INCREASE IT TO 14% FOR THE MONTH BUT THE MARKETS OUT-PERFORMED MORE THAN EXPECTATION AS IT STOOD AT 17.6% COMPARED TO 13.5% FOR MARCH (MOM).
TODAY MARKETS WOULD REMAIN RANGE BOUND WITH POSITIVE BIAS. IF NIFTY TRADES ABOVE 5135 THEN LIKELY TO MAKE A MOVE UPTO 5162 LEVELS AND ANY BREAK ABOVE THIS POINT WOULD TAKE IT TO 5218 LEVELS THOUGH 5200 IS A PSYCHOLOGICAL RESISTANCE ZONE. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5098 THEN LIKELY TO DECLINE TO 5075 AND THEN TO 5053 AND ANY BREAK BELOW 5053 CONVINCINGLY WOULD TAKE IT DOWN FURTHER TO 5024 TO 5000 LEVELS. THERE MAY BE BARGAIN HAUNT ON THE STOCKS WHICH ARE BATTERED IN THE LAST FEW TRADING SESSIONS. MARKETS OVER A LONG TERM PERSPECTIVE LOOKING VERY GOOD ONE CAN START INVESTING IN SMALL QUANTITIES IF NIFTY TRADES AND CLOSES ABOVE 5150 LEVELS.
BUY HDIL SL 233 TGT 240/246/250
BUY NATIONAL STEEL & AGRO INDS SL 27.4 TGT 28.40/29.30/29.75
BUY FORTIS SL 149 TGT 155/159/162
BUY ARSSINFRA SL 1244 TGT 1270/1293/1307
BUY IRB SL 277 TGT 283/288/292
BUY SIEMENS SL 717 TGT 727/735/742
POSITIONAL TRADES
BUY VINYL CHEMICALS TGT 35/45**
BUY ARIES AGRO TGT 155/188*
BUY JYOTHY LAB TGT 300/350*
BUY ESCORTS TGT 230
