GOOD MORNING!!!
INDICES HAVE LOGGED DECENT GAINS ON A CONSISTENT BASIS FOR THE STRAIGHT THRID DAY ON CONTINUAL BUYING INTEREST FROM FOREIGN INSTITUTIONAL INVESTORS ADDING TO IT THE ROBUST Q2 ADVANCE TAX PAYMENTS FROM THE FRONT END COUNTERS HAS IGNITED FURTHER ON THE INVESTMENT FRONT. NIFTY HAS BREACHED THE PSYCHOLOGICAL LEVELS OF 6000 AND IN SENSEX 20000 FOR THE FIRST TIME AFTER 32 MONTHS. ONE THING TO CONSIDER ON THE INVESTMENT AND TRADING POINT OF VIEW WAS DESPITE THE INCLINE IN THE MARKETS THE BREADTH OF THE MARKET REMAINED WEAK AS WE HAVE WITNESSED SOME KIND OF RETRACEMENT IN MIDCAPS AND SMALL CAPS. FRONTEND COUNTERS IN IT LIKE TCS & INFOSYS, AUTO MAJORS LIKE TATA MOTORS, M&M HAVE IGNITED MARKETS.
TODAY MARKETS LOOK FLAT AND RANGE BOUND IF NIFTY TRADES ABOVE 6046 ONLY THEN ONE IS ADVISED TO GO LONG AS NIFTY LIKELY TO MOVE UPTO 6086 AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 6150 LEVELS. ON THE DOWNSIDE IF NIFTY BREAKS BELOW 5986 ONE CAN SEE NIFTY TO COME DOWN TO 5960 AND THEN TO 5940 LEVELS. FOR THE TRADERS POINT OF VIEW IF NIFTY TRADES RANGE BOUND ONE CAN SHORT NIFTY IN THE OPENING WHEN MARKETS OPEN POSITIVE KEEPING 6046 AS STOPLOSS, ONE CAN WAIT FOR TARGETS OF 5986 THEN TO 5960 AND 5940 LEVELS. ON THE POSITIONAL FRONT NIFTY IS CONSIDERED TO BE ON THE BEARISH FRONT IF AND ONLY IF NIFTY TRADES BELOW 5900 LEVELS UNTIL THAN ONE IS ADVISED NOT TO GO SHORT ON POSITIONAL IN NIFTY.
BUY CREW BOS PRODUCTS SL 180 TGT 185.9/189/194.8
BUY WIPRO SL 436 TGT 442/445/451
BUY EDUCOMP SL 615 TGT 627/632/643
BUY AFTEK SL 16.20 TGT 17.25/17.9/18.3
BUY SANWARIA AGRO SL 59.8 TGT 62/63.40/64.3
