GOOD MORNING!!!
MARKETS TOOK OFF TO FRESH INTRADAY HIGHS AT THE FAG END OF THE TRADING SESSION TRACKING EUROPEAN AND US INDEX FUTURES. MARKETS HAVE RALLIED ON SUSTAINED BUYING BY FOREIGN FUNDS AND FURTHER MORE SEBI’S DECISION TO ALLOW PHYSICAL SETTLEMENT OF STOCK DERIVATES. WITH Q1 RESULTS THE TRADING WAS VERY STOCK SPECIFIC. MARKETS WERE VOLATILE ALL THROUGH THE DAY IT RANGED IN A NARROW RANGE UNTIL IT GAVE A BREAKOUT IN THE MID AFTERNOON TRADE. FOREIGN FUNDS HAVE BOUGHT WORTH 4388.62 CRORES WHILE DOMESTIC FUNDS HAVE SOLD SHARES WORTH 2076.98 CRORES THIS MONTH SO FAR TILL 15 JULY 2010. ALL IN ALL MARKETS WERE POSITIVE AND BREADTH OF THE MARKET INDICATED POSITIVENESS IN THE MARKETS. ONE NEEDS TO BE VERY CAUTIOUS AT THE CURRENT LEVELS.
MARKETS TOOK OFF TO FRESH INTRADAY HIGHS AT THE FAG END OF THE TRADING SESSION TRACKING EUROPEAN AND US INDEX FUTURES. MARKETS HAVE RALLIED ON SUSTAINED BUYING BY FOREIGN FUNDS AND FURTHER MORE SEBI’S DECISION TO ALLOW PHYSICAL SETTLEMENT OF STOCK DERIVATES. WITH Q1 RESULTS THE TRADING WAS VERY STOCK SPECIFIC. MARKETS WERE VOLATILE ALL THROUGH THE DAY IT RANGED IN A NARROW RANGE UNTIL IT GAVE A BREAKOUT IN THE MID AFTERNOON TRADE. FOREIGN FUNDS HAVE BOUGHT WORTH 4388.62 CRORES WHILE DOMESTIC FUNDS HAVE SOLD SHARES WORTH 2076.98 CRORES THIS MONTH SO FAR TILL 15 JULY 2010. ALL IN ALL MARKETS WERE POSITIVE AND BREADTH OF THE MARKET INDICATED POSITIVENESS IN THE MARKETS. ONE NEEDS TO BE VERY CAUTIOUS AT THE CURRENT LEVELS.
TODAY MARKETS WOULD OPEN NEGATIVE TRACKING FRIDAYS FALL IN US INDICES AND WEAK OPENING IN ASIAN STOCKS. IF NIFTY TRADES BELOW 5375 THEN LIKELY TO DIP DOWN TO 5357 AND TRADE BELOW THIS POINT WOULD DRAG NIFTY TO 5340 LEVELS AND ANY CLOSE BELOW 5347 WOULD BE CONSIDERED TO BE WEAK CLOSING. ON THE POSITIVE SIDE IF NFITY TRADES ABOVE 5400 THEN LIKELY TO MAKE IT TO 5420 LEVELS AND ANY TRADE ABOVE 5420 WOULD PULL NIFTY TO 5450 LEVELS WHICH IS REMOTE FOR TODAY. ONE CAN WATCH OUT FOR FERTILIZER STOCKS AND CEMENT STOCKS ON DECLINE.
BUY EVERONN SL 588 TGT 622/647/670
BUY IDFC AROUND 193 LEVELS WITH SL 191 TGT 196/198/199 (BUY ON DECLINES)
BUY TATAMOTORS SL 822 TGT 839/851/857 (BUY ON DECLINES)
BUY YESBANK SL 295 TGT 303/309/312 (BUY ON DECLINES)
BUY CROMPTON GREAVES SL 268 TGT 275/279/282 (BUY ON DECLINES)
BUY PFC SL 319.9 TGT 330/337/341 (BUY ON DECLINES)
NOTE: BUY IF ANY OF THE RECOMMENDATIONS ARE NEAR TO STOPLOSS IN THE OPENING LIKELY TO GO UP
POSITIONAL TRADES
BUY GRAUER & WEIL (INDIA) LTD TGT 110/150
BUY TATAMOTORS SL 822 TGT 839/851/857 (BUY ON DECLINES)
BUY YESBANK SL 295 TGT 303/309/312 (BUY ON DECLINES)
BUY CROMPTON GREAVES SL 268 TGT 275/279/282 (BUY ON DECLINES)
BUY PFC SL 319.9 TGT 330/337/341 (BUY ON DECLINES)
NOTE: BUY IF ANY OF THE RECOMMENDATIONS ARE NEAR TO STOPLOSS IN THE OPENING LIKELY TO GO UP
POSITIONAL TRADES
BUY GRAUER & WEIL (INDIA) LTD TGT 110/150
