GOOD MORNING!!!
MARKETS LAST DAY OPENED FIRM AND INCHED HIGHER AND HIGHER HITTING FRESH 32 MONTH HIGH ON CONTINUAL AND HYSTERICAL BUYING, INDIAN BOURSES OUTPERFORMED EVERY MARKET IN THE WORLD. HIGHER Q2 ADVANCE TAX PAYMENTS FROM FRONTLINE COMPANIES ALSO ADDED THE FUEL IN LIFTING TO NEW HIGHS. THE BREADTH WAS IMMENSELY STRONG ALL THE SECTORAL INDICES WERE IN GREEN. MARKETS FIRED AND RALLIED TO THE NEXT LEVEL OF TRADE. FIIS INFLOWS IN SEPTEMBER TOTALED TO RS. 12442.80 CRORES AND THEIR CALENDER INFLOWS TOTALED TO RS 71824.50 CRORES TILL LAST THURSDAY. WE HAVE SEEN FRESH BUYING IN ALL THE SECTORS.
TODAY MARKETS WILL OPEN POSITIVE ON THE POSITIVE FEDERAL RESERVE’S MONETARY POLICY WHICH HAS IGNITED ALL THE ASIAN INDICIES. WE MAY SEE NIFTY TO INCH UP TO NEW HIGHS AND WILL CROSS 6000 MARK IN THE OPENING OF THE TRADE. IF NIFTY TRADES ABOVE 6000 THEN LIKELY TO GO UP TO 6027 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 6054 AND ABOVE THAT WILL TOUCH 6096 LEVELS, IF NIFTY CLOSES ABOVE 6050 THEN LIKELY TO TOUCH 6156 IN A VERY SHORT NOTE. ON THE DOWNSIDE IF NIFTY TRADES BELOW 5984 THEN LIKELY TO COME DOWN TO 5957 AND THEN TO 5925 AND ANY BREAK BELOW THIS LEVEL WOULD TAKE SUPPORT AT 5900 LEVELS AND IF NIFTY CLOSES BELOW 5900 THEN WE CAN SEE FURTHER DECLINE IN THE MARKETS. STAY CAUTIOUS AT EVERY HIGHER LEVEL AS IT IS COMPLETELY DRIVEN BY FOREIGN FUNDS ANY PROFIT BOOKING WOULD HIT THE MARKETS AND ANY ADVERSE EXTERNAL NEWS WILL EFFECT THE VERY BADLY AS THE MARKETS ARE AT OVERBOUGHT REGION. TECHNICALLY SPEAKING MARKETS ARE VERY MUCH STRETCHED AND ALMOST IN AN AREA WHERE IT IS LIKELY TO COME DOWN AT ANY STAGE ONE HAS TO LOOK MARKETS IN A LITTLE DIFFERENT MANNER AT THIS STAGE AND DON’T INVEST MUCH IN THIS MARKETS, INFACT I WOULD SUGGEST EACH AND EVERYONE TO CLOSE THEIR PORTFOLIO’S AND COME BACK AFTER ONE MONTH TO REINVEST AS MARKETS WOULD COME DOWN. IF ANY INVESTOR IS STILL HOLDING LOT OF POSITIONS THEN IT IS SUGGESTED TO BUY NIFTY PUTS ATLEAST ONE EIGHT OR ONE TENTH OF THEIR HOLDINGS.
TODAY MARKETS WILL OPEN POSITIVE ON THE POSITIVE FEDERAL RESERVE’S MONETARY POLICY WHICH HAS IGNITED ALL THE ASIAN INDICIES. WE MAY SEE NIFTY TO INCH UP TO NEW HIGHS AND WILL CROSS 6000 MARK IN THE OPENING OF THE TRADE. IF NIFTY TRADES ABOVE 6000 THEN LIKELY TO GO UP TO 6027 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 6054 AND ABOVE THAT WILL TOUCH 6096 LEVELS, IF NIFTY CLOSES ABOVE 6050 THEN LIKELY TO TOUCH 6156 IN A VERY SHORT NOTE. ON THE DOWNSIDE IF NIFTY TRADES BELOW 5984 THEN LIKELY TO COME DOWN TO 5957 AND THEN TO 5925 AND ANY BREAK BELOW THIS LEVEL WOULD TAKE SUPPORT AT 5900 LEVELS AND IF NIFTY CLOSES BELOW 5900 THEN WE CAN SEE FURTHER DECLINE IN THE MARKETS. STAY CAUTIOUS AT EVERY HIGHER LEVEL AS IT IS COMPLETELY DRIVEN BY FOREIGN FUNDS ANY PROFIT BOOKING WOULD HIT THE MARKETS AND ANY ADVERSE EXTERNAL NEWS WILL EFFECT THE VERY BADLY AS THE MARKETS ARE AT OVERBOUGHT REGION. TECHNICALLY SPEAKING MARKETS ARE VERY MUCH STRETCHED AND ALMOST IN AN AREA WHERE IT IS LIKELY TO COME DOWN AT ANY STAGE ONE HAS TO LOOK MARKETS IN A LITTLE DIFFERENT MANNER AT THIS STAGE AND DON’T INVEST MUCH IN THIS MARKETS, INFACT I WOULD SUGGEST EACH AND EVERYONE TO CLOSE THEIR PORTFOLIO’S AND COME BACK AFTER ONE MONTH TO REINVEST AS MARKETS WOULD COME DOWN. IF ANY INVESTOR IS STILL HOLDING LOT OF POSITIONS THEN IT IS SUGGESTED TO BUY NIFTY PUTS ATLEAST ONE EIGHT OR ONE TENTH OF THEIR HOLDINGS.
BUY INDIA INFOLINE SL 108 TGT 111/114/118
BUY VOLTAS SL 237 TGT 241/245/249
BUY RELIANCE CAPITAL SL 824 TGT 833/839/849 (MEDIUM TERM 1000)
BUY VIVIMED LABS SL 325.9 TGT 347/360/369
BUY GLAXO SL 2007 TGT 2049/2064/2092
POSITIONAL TRADES
BUY KSK ENERGY TGT 200/215
BUY CAIRN TGT 388/425
BUY INDIA CEMENTS TGT 142/157
NOTE: ANYTHING RECOMMENDED EVEN AS POSITIONAL ONE IS ADVISED TO TAKE IN VERY SMALL QUANTITIES AS MARKET EXPECTED TO CORRECT ATLEAST 10 TO 15% ANYTIME.
