GOOD MORNING!!!
MARKETS LOOSE ITS GROUND AFTER A STRONG START ON MONDAY AHEAD OF FEDERAL RESERVE POLICY. ALL THE GLOBAL STOCKS HAVE NOSE-DIVED WHICH HAS TRIGGERED THE MARKETS TO LOOSE ITS STRENGTH. . THE MARKET EDGED LOWER IN EARLY TRADE, TRACKING WEAK ASIAN STOCKS. THE MARKET CAME OFF THE LOWER LEVEL IN MORNING TRADE. THE MARKET MOVED IN A NARROW RANGE IN MID-MORNING TRADE. THE MARKET HIT A FRESH INTRADAY LOW IN EARLY AFTERNOON TRADE. THE MARKET EXTENDED LOSSES IN AFTERNOON TRADE AS CHINESE STOCKS SLUMPED STOCKS WERE VOLATILE. TATA MOTORS WAS THE STOCK WHICH HAS OUT PERFORMED IN THE MARKET, HOLDING THE MARKETS TO CERTAIN EXTENT ALONG WITH ICICI AND L&T. THE MARKET BREADTH WAS NEGATIVE IN CONTRAST TO A STRONG BREADTH EARLIER IN THE DAY.
TODAY MARKETS WOULD OPEN WEAK ON GLOBAL CUES AND CONTINUE TO REMAIN UNDER PRESSURE AS MARKETS ARE PURELY ON THE OVER BOUGHT REGION ONLY CONSOLIDATING AT FOREIGN FUNDS INFLOW IN THE INDIAN MARKETS. MARKETS HAVE TO COME DOWN TO FURTHER MOVE UPSIDE WHICH IS A HEALTHY SIGN FOR THE MARKETS IF NIFTY TAKES OFF FROM THE CURRENT POSITION TO NEW HIGHS IT MAY NOT WITH STAND AND WE MAY SEE MARKETS TO BREAK. IT NIFTY TRADES BELOW 5454 THEN LIKELY TO COME DOWN TO 5430 LEVELS AND BREAK BELOW 5430 WOULD TAKE NIFTY TO 5397 LEVELS AND ANAY BREAK BELOW THIS POINT WOULD TAKE IT TO 5357 LEVELS. ON THE POSITIVE SIDE ABOVE 5475 WOUD TAKE NIFTY TO 5499 LEVELS.
BUY GMRINFRA SL 59.4 TGT 60.9/61.7/62.6
BUY ADANI POWER SL 139.4 TGT 142.2/144/145.35
BUY FIRST LEASING SL 74 TGT 78/80/84
BUY IBREAL SL 185 TGT 189/194/197
BUY TITAN BIO-TECH SL 24 TGT 25/25.4/25.85 (MEDIUM TERM 28/31)
BUY ARIES SL 167 TGT 176/181/190
MARKETS LOOSE ITS GROUND AFTER A STRONG START ON MONDAY AHEAD OF FEDERAL RESERVE POLICY. ALL THE GLOBAL STOCKS HAVE NOSE-DIVED WHICH HAS TRIGGERED THE MARKETS TO LOOSE ITS STRENGTH. . THE MARKET EDGED LOWER IN EARLY TRADE, TRACKING WEAK ASIAN STOCKS. THE MARKET CAME OFF THE LOWER LEVEL IN MORNING TRADE. THE MARKET MOVED IN A NARROW RANGE IN MID-MORNING TRADE. THE MARKET HIT A FRESH INTRADAY LOW IN EARLY AFTERNOON TRADE. THE MARKET EXTENDED LOSSES IN AFTERNOON TRADE AS CHINESE STOCKS SLUMPED STOCKS WERE VOLATILE. TATA MOTORS WAS THE STOCK WHICH HAS OUT PERFORMED IN THE MARKET, HOLDING THE MARKETS TO CERTAIN EXTENT ALONG WITH ICICI AND L&T. THE MARKET BREADTH WAS NEGATIVE IN CONTRAST TO A STRONG BREADTH EARLIER IN THE DAY.
TODAY MARKETS WOULD OPEN WEAK ON GLOBAL CUES AND CONTINUE TO REMAIN UNDER PRESSURE AS MARKETS ARE PURELY ON THE OVER BOUGHT REGION ONLY CONSOLIDATING AT FOREIGN FUNDS INFLOW IN THE INDIAN MARKETS. MARKETS HAVE TO COME DOWN TO FURTHER MOVE UPSIDE WHICH IS A HEALTHY SIGN FOR THE MARKETS IF NIFTY TAKES OFF FROM THE CURRENT POSITION TO NEW HIGHS IT MAY NOT WITH STAND AND WE MAY SEE MARKETS TO BREAK. IT NIFTY TRADES BELOW 5454 THEN LIKELY TO COME DOWN TO 5430 LEVELS AND BREAK BELOW 5430 WOULD TAKE NIFTY TO 5397 LEVELS AND ANAY BREAK BELOW THIS POINT WOULD TAKE IT TO 5357 LEVELS. ON THE POSITIVE SIDE ABOVE 5475 WOUD TAKE NIFTY TO 5499 LEVELS.
BUY GMRINFRA SL 59.4 TGT 60.9/61.7/62.6
BUY ADANI POWER SL 139.4 TGT 142.2/144/145.35
BUY FIRST LEASING SL 74 TGT 78/80/84
BUY IBREAL SL 185 TGT 189/194/197
BUY TITAN BIO-TECH SL 24 TGT 25/25.4/25.85 (MEDIUM TERM 28/31)
BUY ARIES SL 167 TGT 176/181/190
