GOOD MORNING!!!
LAST DAY WE HAVE WITNESSED A GOOD DAY IN THE MARKETS WITH MARKETS SURGING TO THE NEW HIGHS OF THE LAST ONE MONTH, AMBANI BROTHERS WERE THE KEY TRIGGERS FOR THE MARKETS AS ALMOST ALL THE COUNTER PARTS OF AMBANI FRATERNITY HAVE SURGED TO THE BEST POSSIBLE LEVELS. INITIALLY MARKETS HAVE TRADED IN A NARROW RANGE BUT LATER IN THE SECOND HALF OF THE TRADE MARKETS MANAGED TO CHARGE WITH BULLS COMPLETELY TAKING OVER, THERE WAS A GOOD BUYING SEEN IN THE MARKETS. ALL IN ALL MARKETS HAVE ENTERED A PHASE WHERE ONE CAN TAKE INVESTMENT CALLS AT THIS STAGE.
TODAY MARKETS WOULD OPEN ON A POSITIVE NOTE AND WOULD CONTINUE TO REMAIN POSITIVE UNLESS IT BREACHES 5219. IF NIFTY TRADES ABOVE 5240 THEN LIKELY TO MOVE UP TO 5286 AND THEN LIKELY TO MOVE UP TO 5300 THIS WOULD ACT AS A PSYCHOLOGICAL RESISTANCE ZONE BUT IF NIFTY MANAGES TO TRADE ABOVE THIS LEVEL THEN MAY TAKE NIFTY TO NEW HIGHS OF THE YEAR. AND ON THE NEGATIVE SIDE IF NIFTY TRADE BELOW 5219 THEN LIKELY TO TRADE LOWER AND COME DOWN TO 5173 AND BREAK BELOW THIS LEVEL WOULD COME DOWN TO 5150 AND THEN TO 5124 LEVELS.
NO RECO FOR THE DAY
