GOOD MORNING!!!
INDICES SURGED TO 2-1/2-YEAR HIGHS AT THE FAG END OF THE TRADING SESSION ON THE FOLLOWING GROUNDS.
1. SOON AFTER REPORTS FILTERED IN THAT THE GOVERNMENT HAS EXEMPTED LISTED STATE-RUN FIRMS FROM A RULE THAT MANDATES A MINIMUM 25% PUBLIC SHAREHOLDING.
2. A FURTHER IMPROVEMENT IN SOUTHWEST MONSOON RAINS,
3. SUSTAINED BUYING BY FOREIGN FUNDS AND FIRM GLOBAL STOCKS. FOREIGN FUNDS BOUGHT EQUITIES WORTH A NET RS 2762.21 CRORE IN THE FIRST FIVE TRADING DAYS THIS MONTH, TILL 6 AUGUST 2010, ABSORBING SELLING OF RS 1129.62 CRORE FROM DOMESTIC FUNDS, AS PER DATA FROM THE STOCK EXCHANGES.
THE ABOVE POINTS HAVE UNDERPINNED SENTIMENTS IN THE MARKETS THEIR BY TRIGGERING THE MARKETS HIGHER. BANKING, REALTY, METAL AND CONSUMER DURABLES STOCKS WERE IN DEMAND. BUT, INDEX HEAVYWEIGHT RELIANCE
TODAY MARKETS WOULD OPEN FLAT AND REMAIN IN CONSOLIDATION AS INDICES ARE AT HIGHER LEVELS AND LIKELY TO HAVE GOOD RESISITANCE AT HIGHER LEVELS. ONE HAS TO BE VERY CAUTIOUS IN THE MARKETS AT THE CURRENT SITUATION AS INDICES ARE AT OVERBOUGHT REGION AND LIKELY TO RETRACE AT ANY GIVEN POINT IN TIME SO IT IS ADVISED TO STAY INVESTED ONLY 25% OF THE CAPITAL AND THAT TOO IN STOCK SPECIFIC COUNTERS. WE MAY SEE NIFTY TO FACE TOUGH RESISTANCE AT HIGHER LEVELS. ON INTRADAY BASIS IF FNITY TRADES BELOW 5500 THEN LIKELY TO COME DOWN TO 5470 AND BREAK BELOW THIS LEVEL WOULD COME TO 5450 LELVELS AND ANY BREAK BELOW THIS LEVEL IS CONSIDERED TO BE WEAK AND NIFTY CAN DRAG DOWN TO 5400 LEVELS AND IT IS EXPECTED THAT MARKET IS LIKELY TO COME DOWN FROM THIS PHASE. ON THE UPSIDE IF NIFTY TRADES ABOVE 5500 THEN LIKELY TO MAKE AN UPMOVE TO 5560 LEVELS. AND ONE HAS TO BEAR IN MIND NOT TO CAPTIVATE ON BUYING OPPORTUNITIES TRY TO GRAB THE OPPORTUNITY ON SELLING SIDE.
BUY UNITECH SL 89.4 TGT 92.5/94/96
BUY JUBLI. FOOD SL 460 TGT 483/495/508
BUY HIMACHAL FUTURIS SL 11 TGT 11.4/11.8/12
BUY ESSAR SHIPPING SL 125.8 TGT 136/143/146 (SHORT TERM 175)
BUY DCM LTD SL 104.7 TGT 111/114.7/118
BUY ARVIND MILLS SL 38.5 TGT 39.5/40.4/41 (SHORT TERM 45)
1. SOON AFTER REPORTS FILTERED IN THAT THE GOVERNMENT HAS EXEMPTED LISTED STATE-RUN FIRMS FROM A RULE THAT MANDATES A MINIMUM 25% PUBLIC SHAREHOLDING.
2. A FURTHER IMPROVEMENT IN SOUTHWEST MONSOON RAINS,
3. SUSTAINED BUYING BY FOREIGN FUNDS AND FIRM GLOBAL STOCKS. FOREIGN FUNDS BOUGHT EQUITIES WORTH A NET RS 2762.21 CRORE IN THE FIRST FIVE TRADING DAYS THIS MONTH, TILL 6 AUGUST 2010, ABSORBING SELLING OF RS 1129.62 CRORE FROM DOMESTIC FUNDS, AS PER DATA FROM THE STOCK EXCHANGES.
THE ABOVE POINTS HAVE UNDERPINNED SENTIMENTS IN THE MARKETS THEIR BY TRIGGERING THE MARKETS HIGHER. BANKING, REALTY, METAL AND CONSUMER DURABLES STOCKS WERE IN DEMAND. BUT, INDEX HEAVYWEIGHT RELIANCE
TODAY MARKETS WOULD OPEN FLAT AND REMAIN IN CONSOLIDATION AS INDICES ARE AT HIGHER LEVELS AND LIKELY TO HAVE GOOD RESISITANCE AT HIGHER LEVELS. ONE HAS TO BE VERY CAUTIOUS IN THE MARKETS AT THE CURRENT SITUATION AS INDICES ARE AT OVERBOUGHT REGION AND LIKELY TO RETRACE AT ANY GIVEN POINT IN TIME SO IT IS ADVISED TO STAY INVESTED ONLY 25% OF THE CAPITAL AND THAT TOO IN STOCK SPECIFIC COUNTERS. WE MAY SEE NIFTY TO FACE TOUGH RESISTANCE AT HIGHER LEVELS. ON INTRADAY BASIS IF FNITY TRADES BELOW 5500 THEN LIKELY TO COME DOWN TO 5470 AND BREAK BELOW THIS LEVEL WOULD COME TO 5450 LELVELS AND ANY BREAK BELOW THIS LEVEL IS CONSIDERED TO BE WEAK AND NIFTY CAN DRAG DOWN TO 5400 LEVELS AND IT IS EXPECTED THAT MARKET IS LIKELY TO COME DOWN FROM THIS PHASE. ON THE UPSIDE IF NIFTY TRADES ABOVE 5500 THEN LIKELY TO MAKE AN UPMOVE TO 5560 LEVELS. AND ONE HAS TO BEAR IN MIND NOT TO CAPTIVATE ON BUYING OPPORTUNITIES TRY TO GRAB THE OPPORTUNITY ON SELLING SIDE.
BUY UNITECH SL 89.4 TGT 92.5/94/96
BUY JUBLI. FOOD SL 460 TGT 483/495/508
BUY HIMACHAL FUTURIS SL 11 TGT 11.4/11.8/12
BUY ESSAR SHIPPING SL 125.8 TGT 136/143/146 (SHORT TERM 175)
BUY DCM LTD SL 104.7 TGT 111/114.7/118
BUY ARVIND MILLS SL 38.5 TGT 39.5/40.4/41 (SHORT TERM 45)
BUY BANK NIFTY PUTS OF STRIKE 10300/10400/10500 AND TAKE MIN 100% RETURN
