GOOD MORNING!!!
MARKET EDGED SLIGHTLY HIGHER AFTER TURNING NEGATIVE TO HIT FRESH INTRADAY LOWS IN THE LATE TRADE. VOLATALITY WAS IMMENSE AS THE TRADERS ROLLED OVER THEIR POSITIONS FROM THE AUGUST SERIES TO THE SEPTEMBER SERIES. BANKING, FMCG AND AUTO STOCKS ROSE ON EXPIRY NOTE. MARKETS MOVED IN A NARROW RANGE IN MID-MORNING TRADE. MARKETS OPENED HIGHER TRACKING THE POSITIVE GLOBAL CUES BUT COULDNT HOLD LONGER AND SLIPPED INTO NEGATIVE ZONE IN THE AFTERNOON AND CLOSED HIGHER.
TODAY NIFTY MAY OPEN SLIGHTLY POSITIVE BUT ONE IS ADVISED TO TAKE POSITIONS ONLY WHEN THE SPECIFIED LEVEL BREACH. IF NIFTY TRADES ABOVE 5488 THEN LIKELY TO MAKE AN UP MOVE TO 5518 LEVELS AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5540 WHICH WOULD ACT AS A KEY LEVEL. ANY BREAK ABOVE 5540 ONE CAN SEE NIFTY TO MOVE HIGH. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5460 THEN NIFTY LIKELY TO MAKE ITS MOVE TO 5434 LEVELS AND ANY BREAK BELOW THIS POINT WOULD TAKE NIFTY TO 5402 LEVELS ONE HAS TO STAY CAUTIOUS AT THIS STAGE. STOCK SPECIFIC MOVES EXPECTED IN THE MARKETS.
TODAY NIFTY MAY OPEN SLIGHTLY POSITIVE BUT ONE IS ADVISED TO TAKE POSITIONS ONLY WHEN THE SPECIFIED LEVEL BREACH. IF NIFTY TRADES ABOVE 5488 THEN LIKELY TO MAKE AN UP MOVE TO 5518 LEVELS AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5540 WHICH WOULD ACT AS A KEY LEVEL. ANY BREAK ABOVE 5540 ONE CAN SEE NIFTY TO MOVE HIGH. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5460 THEN NIFTY LIKELY TO MAKE ITS MOVE TO 5434 LEVELS AND ANY BREAK BELOW THIS POINT WOULD TAKE NIFTY TO 5402 LEVELS ONE HAS TO STAY CAUTIOUS AT THIS STAGE. STOCK SPECIFIC MOVES EXPECTED IN THE MARKETS.
BUY ENIL SL 256 TGT 265/270/277
BUY JINDAL DRILLING SL 610 TGT 625/637/652 (SHORT TERM 700/780)
BUY ORCHID CHEMICALS SL 190 TGT 194.9/197/200
BUY CROMPTON GREAVES SL 304 TGT 312.4/316/324
BUY JAIN IRRIGATION SL 1265 TGT 1282/1296/1305
