GOOD MORNING!!!
RALLY IN THE SECOND HALF OF THE SESSION HELPED THE MARKETS TO RALLY AND CLOSE MARKETS IN A COMFORTABLE AND POSSITIVE ZONE. POSITIVE EUROPEAN MARKETS ALONG WITH US INDEX FUTURES BOOSTED THE SENTIMENTS OF INVESTORS. INDICES REVERSED MOST OF THEIR LOSSES OF THE LAST TRADE, BUYING HAS BEEN INTIATED IN ALL THE SECTORS WHICH HELPED THE MARKETS TO BOUNCE BACK. INITIALLY MARKETS RESENTED AN UPMOVE IN THE OPENING BUT WAS POSITIVE ENTIRE DAY AFTER A GAP DOWN OPEN AND CLOSED BULLISH TRACKING EUROPE AND US FUTURES.
TODAY MARKETS WOULD OPEN GAP DOWN TRACKING WEAK GLOBAL CUES. WE MAY SEE A VERY STOCK SPECIFIC MOVES IN THE MARKETS, TODAY IF NIFTY TRADES BELOW 5300 THEN LIKELY TO DIP DOWN TO 5255 AND ANY TRADE BELOW 5240 WOULD AGAIN DRAG NIFTY TO 5200 LEVELS, ANY CLOSE BELOW 5240 IS CONSIDERED TO BE WEAK. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5320 THEN LIKELY TO MAKE AN UP MOVE TO 5350 AND THEN TO 5400 ANY CLOSE ABOVE 5300 IS GOOD FOR THE MARKETS. WE MAY SEE POWER STOCKS TO GAIN MOMENTUM ALONG WITH PHARMA AND FERTILIZERS.
TODAY MARKETS WOULD OPEN GAP DOWN TRACKING WEAK GLOBAL CUES. WE MAY SEE A VERY STOCK SPECIFIC MOVES IN THE MARKETS, TODAY IF NIFTY TRADES BELOW 5300 THEN LIKELY TO DIP DOWN TO 5255 AND ANY TRADE BELOW 5240 WOULD AGAIN DRAG NIFTY TO 5200 LEVELS, ANY CLOSE BELOW 5240 IS CONSIDERED TO BE WEAK. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5320 THEN LIKELY TO MAKE AN UP MOVE TO 5350 AND THEN TO 5400 ANY CLOSE ABOVE 5300 IS GOOD FOR THE MARKETS. WE MAY SEE POWER STOCKS TO GAIN MOMENTUM ALONG WITH PHARMA AND FERTILIZERS.
BUY HINDPETRO SL 464 TGT 480/496/513
BUY IDFC SL 178.5 TGT 183/187/189.8I
BUY DISH TV SL 46 TGT 49/50/51
BUY IOC SL 400 TGT 408/415/419
BUY ENIL SL 249 TGT 266/278/296
BUY ADVANTA SL 515 TGT 545/564/575
NOTE: BUY ONLY ABOVE THE CLOSING PRICE AND MAINTAIN STRICT STOPLOSS
