GOOD MORNING!!!
MARKETS RALLIED IN THE LATTER PART OF THE TRADING SESSION TRACKING RALLY IN EUROPEAN AND US INDEX FUTURES, THE RALLY IN DOMESTIC BOURSES WAS EXTREEMLY STRONG AND GAVE A GOOD BREAKOUT IN THE INDICES AND CLOSED AT THEIR HIGHEST LEVELS IN THE LAST TWO AND HALF YEARS. MARKETS HAVE SEEN PULL BACK TRACKING, RECOVERY IN MANSOON RAINS FROM A DEFICIT OF 24% TO 17% FROM LAST WEEK, DECENT CORPORATE EARNINGS, HEADLINE INFLATION ROSE LOWER-THAN-EXPECTED T0 10.55% AND THE BIGGEST FACTOR ALL IN ALL IS SUSTAINED, CONTINUAL AND HEAVY BUYING FROM FOREIGN FUNDS, THIS HAS NOT ONLY TRIGGERED THE MARKETS BUT ALSO KINDLED THE LIGHTS OF INVESTORS TO POUR IN FUNDS IN THE EQUITY MARKETS, MARKETS HAVE BROKEN OUT PSYCHOLOGICAL LEVELS THERE BY INVITING PEOPLE TO GO AHEAD TO INVEST. EXCEPT FOR THE IT INDEX ALL THE OTHER SECTORAL COUNTER PARTS CLOSED IN POSITIVE TERITORRY.
TODAY MARKETS TO OPEN POSITIVE AND FIRM, MARKET TO RALLY FURTHER UPSIDE FROM HERE ON BUT ONE HAS TO BE VERY CAUTIOUS AT HIGHER LEVELS. NSE’S VOLATALITY INDEX INDIA VIX, WHICH IS GAUGE OF TRADERS PERCEPTION OF NEAR TERM RISKS IN THE MARKET BASED ON OPTIONS PRICES, DECLINED FOR THE THIRD DAY IN A ROW, WHICH IS A CAUSE OF CONCERN. VOLATILITY IS EXPECTED TO RISE OVER THE NEXT FEW DAYS AS TRADERS WOULD ROLLOVER THEIR POSITIONS IN DERIVATES SEGMENT FROM THE NEAR MONTH CONTRACT TO THE NEXT MONTH SERIES. TODAY IF NIFTY TRADES ABOVE 5450 THEN LIKELY TO MAKE AN UPMOVE TO 5487 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5518 LEVELS AND ONE HAS TO BE VERY CAUTIOUS ON THE UPSIDE THOUGH NIFTY LIKELY TO MAKE AN UPMOVE TO 5560 LEVELS ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5438 THEN LIKELY TO SLIP DOWN TO 5411 LEVELS AND BELOW THIS WE CAN EXPECT NIFTY TO COME DOWN TO 5380 LEVELS AND ANY BREAK BELOW 5400 IS CONSIDERED TO BE LITTLE RISKY AND ONE HAS TO BE LITTLE CAUTIOUS ON THOSE LEVELS. ALL IN ALL MARKETS MAY SHOW A GOOD SUPPORT AROUND 5400 LEVELS AND RESISTANCE AROUND 5500 LEVELS.
BUY V GUARD INDS SL 116 TGT 119/121/123
BUY TATAMOTORS SL 835 TGT 845/850/859
BUY PTC SL 114 TGT 117/118.6/119.85 (SHORT TERM 128)
BUY BIOCON SL 330 TGT 334/337/340
BUY UBHOLDINGS SL 271 TGT 286/297/302 (MEDIUM TERM 380)
BUY CAIRN SL 322 TGT 327/333/336
BUY ADANIENT FUTURES SL 530 TGT 620
POSITIONAL TRADES
BUY CORE PROJECTS TGT 350
BUY DEEPAKFERT TGT 210
MARKETS RALLIED IN THE LATTER PART OF THE TRADING SESSION TRACKING RALLY IN EUROPEAN AND US INDEX FUTURES, THE RALLY IN DOMESTIC BOURSES WAS EXTREEMLY STRONG AND GAVE A GOOD BREAKOUT IN THE INDICES AND CLOSED AT THEIR HIGHEST LEVELS IN THE LAST TWO AND HALF YEARS. MARKETS HAVE SEEN PULL BACK TRACKING, RECOVERY IN MANSOON RAINS FROM A DEFICIT OF 24% TO 17% FROM LAST WEEK, DECENT CORPORATE EARNINGS, HEADLINE INFLATION ROSE LOWER-THAN-EXPECTED T0 10.55% AND THE BIGGEST FACTOR ALL IN ALL IS SUSTAINED, CONTINUAL AND HEAVY BUYING FROM FOREIGN FUNDS, THIS HAS NOT ONLY TRIGGERED THE MARKETS BUT ALSO KINDLED THE LIGHTS OF INVESTORS TO POUR IN FUNDS IN THE EQUITY MARKETS, MARKETS HAVE BROKEN OUT PSYCHOLOGICAL LEVELS THERE BY INVITING PEOPLE TO GO AHEAD TO INVEST. EXCEPT FOR THE IT INDEX ALL THE OTHER SECTORAL COUNTER PARTS CLOSED IN POSITIVE TERITORRY.
TODAY MARKETS TO OPEN POSITIVE AND FIRM, MARKET TO RALLY FURTHER UPSIDE FROM HERE ON BUT ONE HAS TO BE VERY CAUTIOUS AT HIGHER LEVELS. NSE’S VOLATALITY INDEX INDIA VIX, WHICH IS GAUGE OF TRADERS PERCEPTION OF NEAR TERM RISKS IN THE MARKET BASED ON OPTIONS PRICES, DECLINED FOR THE THIRD DAY IN A ROW, WHICH IS A CAUSE OF CONCERN. VOLATILITY IS EXPECTED TO RISE OVER THE NEXT FEW DAYS AS TRADERS WOULD ROLLOVER THEIR POSITIONS IN DERIVATES SEGMENT FROM THE NEAR MONTH CONTRACT TO THE NEXT MONTH SERIES. TODAY IF NIFTY TRADES ABOVE 5450 THEN LIKELY TO MAKE AN UPMOVE TO 5487 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5518 LEVELS AND ONE HAS TO BE VERY CAUTIOUS ON THE UPSIDE THOUGH NIFTY LIKELY TO MAKE AN UPMOVE TO 5560 LEVELS ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5438 THEN LIKELY TO SLIP DOWN TO 5411 LEVELS AND BELOW THIS WE CAN EXPECT NIFTY TO COME DOWN TO 5380 LEVELS AND ANY BREAK BELOW 5400 IS CONSIDERED TO BE LITTLE RISKY AND ONE HAS TO BE LITTLE CAUTIOUS ON THOSE LEVELS. ALL IN ALL MARKETS MAY SHOW A GOOD SUPPORT AROUND 5400 LEVELS AND RESISTANCE AROUND 5500 LEVELS.
BUY V GUARD INDS SL 116 TGT 119/121/123
BUY TATAMOTORS SL 835 TGT 845/850/859
BUY PTC SL 114 TGT 117/118.6/119.85 (SHORT TERM 128)
BUY BIOCON SL 330 TGT 334/337/340
BUY UBHOLDINGS SL 271 TGT 286/297/302 (MEDIUM TERM 380)
BUY CAIRN SL 322 TGT 327/333/336
BUY ADANIENT FUTURES SL 530 TGT 620
POSITIONAL TRADES
BUY CORE PROJECTS TGT 350
BUY DEEPAKFERT TGT 210
