GOOD MORNING!!!
MARKETS STARTED ITS DAY ON A POSITIVE NOTE AND WAS VOLATILE INITIALLY DURING THE START OF THE DAY AND SCALED HIGHER AS THE DAY PASSED BY THOUGH THERE WAS GOOD MOVEMENT ON THE UPSIDE SEEN IT WAS NOT HIGH VOLUME BASED BUYING. DLF WAS THE STAR PERFORMER IN THE NIFTY CATEGORY, ALONG WITH DLLF THERE WERE STOCKS LIKE IDFC, HINDUSTAN UNILEVER, BHARTI AND HEROHONDA HAVE OUTPERFORMED THE NIFTY THOUGH THERE WERE NOT MANY OUT PERFORMERS ON THE NIFTY IDEALLY THERE WERE NO LAGGARDS SO MARKETS MOVED UPSIDE ON ONLY FEW SCRIPS WHICH PERFORMED. INFRA AND REALITY WERE THE TOP PERFORMERS IN THE TRADE. ALL THE SECTORAL INDICES WERE IN GREEN. BREADTH OF THE MARKET REMAINED STRONG IN THE ENTIRE TRADING SESSION.
TODAY MARKETS LOOKS POSITIVE TRACKING A VERY POSITIVE CLOSING OF AMERICAN MARKETS AND STRONG OPENING OF ASIAN MARKETS. TODAY IF NIFTY TRADES ABOVE 6050 THEN LIKELY TO MAKE ITS MOVE UP AND RESIST AT 6080 LEVELS AND ANY BREAK ABOVE THIS POINT WOULD TAKE IT FURTHER UPSIDE TO A PSYCHOLOGICAL FIGURE OF 6100 LEVELS AND FACE SOME TOUGH RESISTANCE TO SURPASS THIS LEVEL AND ANY CLOSE ABOVE 6062 IS CONSIDERED TO BE A POSITIVE CLOSING AND ONE CAN INITIATE STOCK SPECIFIC LONGS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 6009 THEN WE CAN SEE A DIP TO 5987 LEVELS AND ANY BREAK BELOW THIS POINT WOULD TAKE NIFTY TO 5960 LEVELS AND ANY CLOSING BELOW 5960 WE CAN INITIATE SHORTS UNTIL THEN ONE IS ADVISED TO STAY AWAY FROM SHORTS.
BUY IDBI BANK SL 152 TGT 155/157/159
BUY HUL SL 313.4 TGT 319/322/327
BUY NTPC SL 208 TGT 210/212/213.7
BUY MEGHMANI ORGANICS SL 20.40 TGT 21.70/22.50/22.95
BUY EKC SL 125 TGT 128/129.75/132.60 (MEDIUM TERM 140/170)*
BUY JINDAL SOUTHWEST SL 2055 TGT 2123/2169/2190 (SHORT TERM 2270)*
BUY IDBI BANK SL 152 TGT 155/157/159
BUY HUL SL 313.4 TGT 319/322/327
BUY NTPC SL 208 TGT 210/212/213.7
BUY MEGHMANI ORGANICS SL 20.40 TGT 21.70/22.50/22.95
BUY EKC SL 125 TGT 128/129.75/132.60 (MEDIUM TERM 140/170)*
BUY JINDAL SOUTHWEST SL 2055 TGT 2123/2169/2190 (SHORT TERM 2270)*
