GOOD MORNING!!!
RALLY IN HEAVYWEIGHTS IN THE SECOND HALF OF THE TRADE ALONG WITH STRONG EUROPEAN INDICES AND POSITIVE AMERICAN INDICES, MARKETS HAVE RALLIED EXCEPTIONALLY WELL WITH HANDSOME GAINS. AMONGST THE SECTORAL INDICES OIL AND GAS SPACE HOGGED THE LIMELIGHT YET FOR THE SECOND DAY ON THE EMPOWERED GROUP OF MINISTERS (EGoM) DECISIONS ON FRIDAY. CONSUMER DURABLES, REALTY AND POWER STOCKS WERE THE OTHER MAJOR GAINERS IN TRADE. TELECOM SHARES DESERVED SPECIAL MENTION AS THE SEGMENT BIGGIES RELIANCE COMMUNICATIONS (RCOM) AND IDEA SHOWED GOOD STRENGTH. RATE SENSITIVE BANKING STOCKS THAT LED THE MARKETS LOWER ON FRIDAY, OBSERVED SOME VALUE PICKING FROM INVESTORS AS CONCERNS ABOUT RATE HIKE BY THE RESERVE BANK OF INDIA (RBI) FOLLOWING THE PETROL PRICE DEREGULATION FADED OVER THE WEEKEND. MIDCAPS AND SMALL CAPS TOO HAVE IDENTICAL REPLICATION TO THE LARGE CAPS.
TODAY MARKETS LOOK RANGE BOUND. IF NIFTY TRADES ABOVE 5345 THEN LIKELY TO MOVE UP TO 5367 AND BREAK ABOVE THIS LEVEL WOULD TAKE NIFTY TO 5400 LEVELS AND ANY CLOSE ABOVE 5400 LEVELS WOULD TAKE NIFTY TO 5700 LEVELS SOON. ON THE DOWN SIDE IF NIFTY TRADES BELOW 5320 THEN LIKELY TO COME DOWN TO 5291 AND BREAK BELOW THIS LEVEL WOULD TAKE IT TO 5277 ANY CLOSE BELOW 5291 IS A WEAK CLOSING. WE EXPECT MANSOONS TO BE ABOVE THE EXPECTATIONS AND ANTICIPATE MARKETS TO GO TO NEW HIGHS OF THE YEAR.
BUY CROMPGREAV SL 263 TGT 269/273/276 (MEDIUM TERM TGT 300)
BUY CHENNPETRO SL 257 TGT 262/265/268
BUY DHANBANK SL 186 TGT 191/194/198
BUY MAXWELL INDS SL 21 TGT 22/23/24
POSITIONAL TRADES
BUY RELMEDIA TGT 275/315*
BUY EVERONN TGT 538*
BUY GTN INDS TGT 26/34/50**
BUY SINTEX TGT 350/400 **
RALLY IN HEAVYWEIGHTS IN THE SECOND HALF OF THE TRADE ALONG WITH STRONG EUROPEAN INDICES AND POSITIVE AMERICAN INDICES, MARKETS HAVE RALLIED EXCEPTIONALLY WELL WITH HANDSOME GAINS. AMONGST THE SECTORAL INDICES OIL AND GAS SPACE HOGGED THE LIMELIGHT YET FOR THE SECOND DAY ON THE EMPOWERED GROUP OF MINISTERS (EGoM) DECISIONS ON FRIDAY. CONSUMER DURABLES, REALTY AND POWER STOCKS WERE THE OTHER MAJOR GAINERS IN TRADE. TELECOM SHARES DESERVED SPECIAL MENTION AS THE SEGMENT BIGGIES RELIANCE COMMUNICATIONS (RCOM) AND IDEA SHOWED GOOD STRENGTH. RATE SENSITIVE BANKING STOCKS THAT LED THE MARKETS LOWER ON FRIDAY, OBSERVED SOME VALUE PICKING FROM INVESTORS AS CONCERNS ABOUT RATE HIKE BY THE RESERVE BANK OF INDIA (RBI) FOLLOWING THE PETROL PRICE DEREGULATION FADED OVER THE WEEKEND. MIDCAPS AND SMALL CAPS TOO HAVE IDENTICAL REPLICATION TO THE LARGE CAPS.
TODAY MARKETS LOOK RANGE BOUND. IF NIFTY TRADES ABOVE 5345 THEN LIKELY TO MOVE UP TO 5367 AND BREAK ABOVE THIS LEVEL WOULD TAKE NIFTY TO 5400 LEVELS AND ANY CLOSE ABOVE 5400 LEVELS WOULD TAKE NIFTY TO 5700 LEVELS SOON. ON THE DOWN SIDE IF NIFTY TRADES BELOW 5320 THEN LIKELY TO COME DOWN TO 5291 AND BREAK BELOW THIS LEVEL WOULD TAKE IT TO 5277 ANY CLOSE BELOW 5291 IS A WEAK CLOSING. WE EXPECT MANSOONS TO BE ABOVE THE EXPECTATIONS AND ANTICIPATE MARKETS TO GO TO NEW HIGHS OF THE YEAR.
BUY CROMPGREAV SL 263 TGT 269/273/276 (MEDIUM TERM TGT 300)
BUY CHENNPETRO SL 257 TGT 262/265/268
BUY DHANBANK SL 186 TGT 191/194/198
BUY MAXWELL INDS SL 21 TGT 22/23/24
POSITIONAL TRADES
BUY RELMEDIA TGT 275/315*
BUY EVERONN TGT 538*
BUY GTN INDS TGT 26/34/50**
BUY SINTEX TGT 350/400 **
