GOOD MORNING!!!
KEY INDICES HAVE SURGED HIGHER ON THE FOLLOWING FEW MAIN REASONS
-> SUSTAINED BUYING FROM FII'S
-> REVIVAL OF THE MANSOON RAINS
-> STRONG AUTO SALES IN JULY 2010
-> FIRM GLOBAL CUES.
-> FACTORY OUTPUT INDEX JUMPED TO A FOUR MONTH HIGH
ABOVE REASONS ARE THE REASONS FOR THE MARKETS TO COMPLETELY TAKE CONTROL ON BEARS, BULLS HAVE DOMINATED THE ENTIRE DAY LEAVING NO ROOM FOR THE BEARS.
TODAY MARKETS WOULD OPEN POSITIVE BUT MAY NOT HOLD BEYOND 5454 LEVELS, IT IS LIKELY EITHER CONSOLIDATE HERE OR COME DOWN BEFORE ANY FURTHER UPMOVE BUT IF MARKETS MOVE UP THEN LIKELY TO COME DOWN ON A FAST NOTE WHICH WOULD BE BEYOND IMAGINATION. ONE OF THE MOST IMPORTANT ASPECT OF CURRENT MARKET AT THE PRESENT SITUATION IS FII'S ARE TAKING TOTAL CONTROL ON THE MARKET WHEN COMPARED TO DIIS OR ANY OTHER, SINCE THEY HAVE BEEN BUYING ON A CONSTANT NOTE FOR THE PAST SIX MONTHS AND IF ANY NEGATIVE IMPACT WOULD MAKE THEM TO RETRIVE THEIR FUNDS FROM THE MARKETS AND MARKETS WOULD COLLAPSE. TODAY IF NIFTY TRADES ABOVE 5454 IT IS A POSITIVE SIGN AND MAY TAKE OFF TO 5476 AND BELOW 5430 LIKELY TO COME DOWN TO 5413 AND THEN TO 5397 LEVELS AND ANY BREAK BELOW 5376 WOULD DRAG FURTHER DOWNSIDE. STAY CAUTIOUS IN THE PRESENT MARKETS AND THERE WOULD BE ONLY STOCK SPECIFIC MOVES ON THE CARD. WATCH OUT VERY CAREFULLY AND STAY ON CASH, YOU WILL FIND VERY GOOD OPPORTUNITIES TO INVEST.
BUY RECLTD SL 313 TGT 318/320/324
BUY DISHTV SL 45.9 TGT 46.8/47.4/47.9
BUY LAKSHMI VILAS BANK SL 109.8 TGT 113/115/117 (MEDIUM TERM 140)
BUY ADANI ENTERPRISES SL 606 TGT 622/633/649
BUY BANK OF INDIA SL 434 TGT 442/447/452
