GOOD MORNING!!!
INDIAN MARKETS CONTINUED THEIR WINNING STREAK FOR THE FOURTH DAY ON STRONG GLOBAL MARKETS. THERE WAS SUSTAINED BUYING IN THE BLUE CHIP COUNTERS FROM INVESTORS THERE WAS CONTINUOUS BUYING SEEN AT EVERY PHASE IN THE MARKETS. RELIANCE STOCKS OUT PERFORMED. BEARS WERE COMPLETELY THROWN AWAY IN THE MARKETS, BULLS HAVE COMPLETELY CAPTIVATED THE MARKETS. TODAY SECTORS LIKE TECHNOLOGY, OIL AND GAS HOGGED THE LIMELIGHT. INITIALLY MARKETS MADE GAP-UP OPENING ON POSITIVE GLOBAL CUES AND TRADED IN A NARROW RANGE AND THEN TOOK OFF AFTER A SMALL RETRACEMENT AND HAS HIT HIGHER HIGHS IN THE MARKET. BEARS HAVE MANAGED TO DAMAGE IN THE LATE AFTERNOON ON THE SHOCK OF INFLATION BUT MARKETS HAVE ABSORBED THE NEGATIVITY OF INFLATION AS BULLS MADE A ROARING COME BANK MANAGING TO CLOSE AT ONE MONTH PEAKS.
TODAY MARKETS LOOKS FLAT AND RANGE BOUND. WE CAN SEE MARKETS TO COMPLETELY PLAY IN A NARROW RANGE BAND WITH VERY STOCK SPECIFIC MOVES AND ONE HAS TO REMEMBER THAT STAYING SHORTS WILL NOT DO GOOD AT THIS STAGE AS MARKETS LOOKING VERY GOOD ON THE POSITIONAL FRONT SO EVERY DECLINE IS A BUYING OPPORTUNITY ONE CAN MAKE USE OF THIS THAN GOING SHORT AT THIS STAGE, WE EXPECT MARKET TO SURPASS PREVIOUS HIGHS. IF NFITY NIFTY TRADES ABOVE 5218 THEN LIKELY TO MOVE UP TO 5268 AND ANY BREAK ABOVE THIS POINT WOULD TAKE IT TO 5300 AND WE MAY LIKELY SEE NIFTY TO TOUCH 5500 IN A VERY SHORT TIME AS WE FORESEE RELIANCE PEACE PACT WOULD FAVOUR MARKETS AND MANSOONS WOULD DO LOT BETTER THAN EXPECTED. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5167 TAKE SHORT POSITIONS ON INTRADAY FOR A TARGET OF 5132.
BUY RPOWER SL 164.9 TGT 171/175/178
BUY RELCAPITAL SL 711 TGT 735/749/759
BUY ENIL SL 244 TGT 259/273/282
BUY RELINFRA SL 1146 TGT 1176/1193/1205
BUY RIIL SL 889 TGT 945/980/1032
BUY EVERONN SL 425 TGT 450/465/474
POSITIONAL TRADES
BUY INSECTICID TGT 221/280
INDIAN MARKETS CONTINUED THEIR WINNING STREAK FOR THE FOURTH DAY ON STRONG GLOBAL MARKETS. THERE WAS SUSTAINED BUYING IN THE BLUE CHIP COUNTERS FROM INVESTORS THERE WAS CONTINUOUS BUYING SEEN AT EVERY PHASE IN THE MARKETS. RELIANCE STOCKS OUT PERFORMED. BEARS WERE COMPLETELY THROWN AWAY IN THE MARKETS, BULLS HAVE COMPLETELY CAPTIVATED THE MARKETS. TODAY SECTORS LIKE TECHNOLOGY, OIL AND GAS HOGGED THE LIMELIGHT. INITIALLY MARKETS MADE GAP-UP OPENING ON POSITIVE GLOBAL CUES AND TRADED IN A NARROW RANGE AND THEN TOOK OFF AFTER A SMALL RETRACEMENT AND HAS HIT HIGHER HIGHS IN THE MARKET. BEARS HAVE MANAGED TO DAMAGE IN THE LATE AFTERNOON ON THE SHOCK OF INFLATION BUT MARKETS HAVE ABSORBED THE NEGATIVITY OF INFLATION AS BULLS MADE A ROARING COME BANK MANAGING TO CLOSE AT ONE MONTH PEAKS.
TODAY MARKETS LOOKS FLAT AND RANGE BOUND. WE CAN SEE MARKETS TO COMPLETELY PLAY IN A NARROW RANGE BAND WITH VERY STOCK SPECIFIC MOVES AND ONE HAS TO REMEMBER THAT STAYING SHORTS WILL NOT DO GOOD AT THIS STAGE AS MARKETS LOOKING VERY GOOD ON THE POSITIONAL FRONT SO EVERY DECLINE IS A BUYING OPPORTUNITY ONE CAN MAKE USE OF THIS THAN GOING SHORT AT THIS STAGE, WE EXPECT MARKET TO SURPASS PREVIOUS HIGHS. IF NFITY NIFTY TRADES ABOVE 5218 THEN LIKELY TO MOVE UP TO 5268 AND ANY BREAK ABOVE THIS POINT WOULD TAKE IT TO 5300 AND WE MAY LIKELY SEE NIFTY TO TOUCH 5500 IN A VERY SHORT TIME AS WE FORESEE RELIANCE PEACE PACT WOULD FAVOUR MARKETS AND MANSOONS WOULD DO LOT BETTER THAN EXPECTED. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5167 TAKE SHORT POSITIONS ON INTRADAY FOR A TARGET OF 5132.
BUY RPOWER SL 164.9 TGT 171/175/178
BUY RELCAPITAL SL 711 TGT 735/749/759
BUY ENIL SL 244 TGT 259/273/282
BUY RELINFRA SL 1146 TGT 1176/1193/1205
BUY RIIL SL 889 TGT 945/980/1032
BUY EVERONN SL 425 TGT 450/465/474
POSITIONAL TRADES
BUY INSECTICID TGT 221/280
