GOOD MORNING!!!
INDICES CLOSED MARGINALLY HIGHER AFTER A SEE-SAW MARKET, ALL THROUGH THE DAY MARKET MOVED BETWEEN POSITIVE AND NEGATIVE TERRAIN MARKET RECOVERED FROM AN INITIAL STEEP SLIDE TRIGGERED BY WEAK ASIAN STOCKS AND TOOK OFF FROM THE LOWS IN THE LATE AFTERNOON TO CLOSE MARGINALLY POSITIVE. STOCKS FROM COUNTERS LIKE REALTY, AUTO, HEALTHCARE, CONSUMER DURABLES AND STEEL STOCKS ROSE. VOLATILITY WAS VERY HIGH AS TRADERS ROLLED OVER POSITIONS IN THE DERIVATIVES SEGMENT FROM THE NEAR-MONTH JUNE CONTRACTS TO JULY CONTRACTS AHEAD OF THE EXPIRY. THE MARKET WEAKENED ONCE AGAIN IN MORNING TRADE. FED RATES REMAINED UNCHANGED.
TODAY MARKETS WOULD REMAIN HIGHLY VOLATILE ON THE VERGE OF EXPIRY, WE MAY SEE VERY STOCK SPECIFIC MOVES IN THE MARKET. TODAY IF NIFTY TRADES ABOVE 5350 THEN LIKELY TO MAKE AN UPMOVE UPTO 5373 AND ANY BREAK ABOVE THIS POINT WITH VOLUMES MAY TAKE NIFTY TO 5400 LEVELS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5298 ONLY THEN ONE CAN THINK OF SHORTING FOR A TARGET OF 5257 LEVELS AND ANY BREACH BELOW THIS LEVEL WOULD DRAG NIFTY TO 5204 LEVELS.
BUY VALECHAENG SL 187 TGT 196/203/211
BUY CAIRN SL 310 TGT 313/316/318 (MEDIUM TERM 340)
BUY AMTEKAUTO SL 168 TGT 173/178/181
BUY OPTOCIRCUI SL 241 TGT 244.8/248/250
BUY JAYSREETEA SL 286 TGT 293/299.9/304
INDICES CLOSED MARGINALLY HIGHER AFTER A SEE-SAW MARKET, ALL THROUGH THE DAY MARKET MOVED BETWEEN POSITIVE AND NEGATIVE TERRAIN MARKET RECOVERED FROM AN INITIAL STEEP SLIDE TRIGGERED BY WEAK ASIAN STOCKS AND TOOK OFF FROM THE LOWS IN THE LATE AFTERNOON TO CLOSE MARGINALLY POSITIVE. STOCKS FROM COUNTERS LIKE REALTY, AUTO, HEALTHCARE, CONSUMER DURABLES AND STEEL STOCKS ROSE. VOLATILITY WAS VERY HIGH AS TRADERS ROLLED OVER POSITIONS IN THE DERIVATIVES SEGMENT FROM THE NEAR-MONTH JUNE CONTRACTS TO JULY CONTRACTS AHEAD OF THE EXPIRY. THE MARKET WEAKENED ONCE AGAIN IN MORNING TRADE. FED RATES REMAINED UNCHANGED.
TODAY MARKETS WOULD REMAIN HIGHLY VOLATILE ON THE VERGE OF EXPIRY, WE MAY SEE VERY STOCK SPECIFIC MOVES IN THE MARKET. TODAY IF NIFTY TRADES ABOVE 5350 THEN LIKELY TO MAKE AN UPMOVE UPTO 5373 AND ANY BREAK ABOVE THIS POINT WITH VOLUMES MAY TAKE NIFTY TO 5400 LEVELS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5298 ONLY THEN ONE CAN THINK OF SHORTING FOR A TARGET OF 5257 LEVELS AND ANY BREACH BELOW THIS LEVEL WOULD DRAG NIFTY TO 5204 LEVELS.
BUY VALECHAENG SL 187 TGT 196/203/211
BUY CAIRN SL 310 TGT 313/316/318 (MEDIUM TERM 340)
BUY AMTEKAUTO SL 168 TGT 173/178/181
BUY OPTOCIRCUI SL 241 TGT 244.8/248/250
BUY JAYSREETEA SL 286 TGT 293/299.9/304
NOTE: BUY ABOVE CLOSING PRICE
