GOOD MORNING!!!
FACTORS EFFECTING THE MARKETS ON LAST DAY WERE MAJORLY BECAUSE OF INDUSTRIAL PRODUCTION GROWTH, FIRM GLOBAL CUES, SUSTAINED BUYING INTEREST FROM FOREIGN FUNDS HAS ENDED THE DAY ON THE DOMESTIC BOURSES TO THE HIGHEST INTRADAY GAINS IN THE RECENT PAST. MARKETS STRUCK TO HIGHEST LEVELS NEARLY 32 MONTHS ALL THE SECTORAL INDICES ON THE EXCHANGE WERE TRADING IN GREEN AND WERER TRADING HIGHER. BANKING, REALITY, METAL, OIL AND GAS LEADING THE GAINS. INDEX HEAVYWEIGHT RELIANCE INDUSTRIES SURGED. BANKING INCHING HIGHER EVERY DAY AND NOW SCALED TO THE NEW RECORD HIGH. INITIALLY MARKETS OPENED HIGHER ON THE ONSET AND CONTINUED ITS JOURNEY VERY STRONGLY TAKING THE INDICES INCH BY INCH ON A VERY STRONG NOTE WITHOUT GIVING ANY SCOPE FOR RETRACEMENT, THE MARKET HAS HIT FRESH INTRADAY HIGH IN AFTERNOON TRADE ON POSITIVE START FROM EUROPEAN MARKETS.
TODAY MARKETS WOULD OPEN FLAT AND CONTINUE TO REMAIN IN RANGE BOUND IF NIFTY TRADES ABOVE 5780 THEN LIKELY TO FACE RESISITANCE AROUND 5800 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5834. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5759 THEN LIKELY TO COME DOWN TO 5732 AND THEN TO 5706 ANY BREAK BELOW 5700 WOULD TAKE NIFTY TO 5636 LEVELS. STAY CAUTIOUS AT HIGHER LEVELS.
BUY AMBUJA CEMENTS SL 138.4 TGT 141.20/143.45/144.80 (SHORT TERM 175)
BUY JUPITER BIOSCIENCE SL 122.70 TGT 130/136/139
BUY HCL INFOSYS SL 130.50 TGT 136/139/141
BUY ORIENT PAPER SL 64.35 TGT 65.30/65.70/66.60 (SHORT TERM 75)*
POSITIONAL TRADES
BUY HINDALCO TGT 260
