GOOD MORNING!!!
INDICES MANAGED TO CLOSE MARGINALLY LOWER AFTER STRAIGHT SEVEN DAY WINNING STREAK IN A ROW, MARKETS WERE FLAT WITHOUT MUCH VOLUMES AND ENDED SLIGHTLY NEGATIVE. AMONG THE SECTORAL FRONT IT SECTOR OUT PERFORMED REST ALL THE SECTORS CLOSED IN RED. OVERALL MARKET BREADTH WAS WEAK WHEN COMPARED TO THE EARLIER DAY BUT MARKET STILL REMAINS BULLISH ON THE LONG TERM PERSPECTIVE. MANSOONS AND ADVANCE TAX WOULD BE THE MAJOR TRIGGERS IN THE MARKET IN THE DAYS AHEAD.
TODAY MARKETS LOOKING GOOD AND MAY REMAIN IN A RANGE, IF NIFTY TRADES ABOVE 5300 THEN LIKELY TO MOVE UP TO 5345 AND THEN TO 5372 AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5400 LEVELS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5268 THEN LIKELY TO COME DOWN TO 5242 AND THEN TO 5224 LEVELS AND ANY BREAK BELOW THIS LEVEL WOULD TAKE TO A PSYCHOLOGICAL SUPPORT ZONE OF 5200 LEVELS AND BREACH BELOW THIS LEVEL WOULD BE CONSIDERED TO BE REVERSAL IN THE TREND. LONG TERM PERSPECTIVE STILL REMAINS BULLISH AND ONE CAN STAY LONG AS LONG AS THE SPECIFIED LEVELS ARE BREACHED. IT LOOKS GOOD IN THE DAYS AHEAD.
BUY IDFC SL 167 TGT 171/174/176
BUY TCS SL 779 TGT 788/792/798 (MEDIUM TERM TGT 850)
BUY BHEL SL 2406 TGT 2436/2450/2472 (MEDIUM TERM 2600/2678)
BUY INFOSYSTCH SL2779 TGT 2815/2845/2885*
BUY UBL SL 233 TGT 244/252/263
BUY HDFC SL 2920 2936/2945/2954
BUY STAR SL 390 TGT 398/402/405
POSITIONAL TRADES
BUY INTERNATIONAL TRAVEL HOUSE CMP 199 TGT 225/258
BUY ICSA @ 137.60 TGT 165/200/250
BUY MUKAND ENGG @ 51.75 TGT 58/67
INDICES MANAGED TO CLOSE MARGINALLY LOWER AFTER STRAIGHT SEVEN DAY WINNING STREAK IN A ROW, MARKETS WERE FLAT WITHOUT MUCH VOLUMES AND ENDED SLIGHTLY NEGATIVE. AMONG THE SECTORAL FRONT IT SECTOR OUT PERFORMED REST ALL THE SECTORS CLOSED IN RED. OVERALL MARKET BREADTH WAS WEAK WHEN COMPARED TO THE EARLIER DAY BUT MARKET STILL REMAINS BULLISH ON THE LONG TERM PERSPECTIVE. MANSOONS AND ADVANCE TAX WOULD BE THE MAJOR TRIGGERS IN THE MARKET IN THE DAYS AHEAD.
TODAY MARKETS LOOKING GOOD AND MAY REMAIN IN A RANGE, IF NIFTY TRADES ABOVE 5300 THEN LIKELY TO MOVE UP TO 5345 AND THEN TO 5372 AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5400 LEVELS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5268 THEN LIKELY TO COME DOWN TO 5242 AND THEN TO 5224 LEVELS AND ANY BREAK BELOW THIS LEVEL WOULD TAKE TO A PSYCHOLOGICAL SUPPORT ZONE OF 5200 LEVELS AND BREACH BELOW THIS LEVEL WOULD BE CONSIDERED TO BE REVERSAL IN THE TREND. LONG TERM PERSPECTIVE STILL REMAINS BULLISH AND ONE CAN STAY LONG AS LONG AS THE SPECIFIED LEVELS ARE BREACHED. IT LOOKS GOOD IN THE DAYS AHEAD.
BUY IDFC SL 167 TGT 171/174/176
BUY TCS SL 779 TGT 788/792/798 (MEDIUM TERM TGT 850)
BUY BHEL SL 2406 TGT 2436/2450/2472 (MEDIUM TERM 2600/2678)
BUY INFOSYSTCH SL2779 TGT 2815/2845/2885*
BUY UBL SL 233 TGT 244/252/263
BUY HDFC SL 2920 2936/2945/2954
BUY STAR SL 390 TGT 398/402/405
POSITIONAL TRADES
BUY INTERNATIONAL TRAVEL HOUSE CMP 199 TGT 225/258
BUY ICSA @ 137.60 TGT 165/200/250
BUY MUKAND ENGG @ 51.75 TGT 58/67
