GOOD MORNING!!!
MARKETS OPENED WITH A BIG BANG OF 71 POINTS AND STARTED SLOWLY GIVING AWAY ALL THE GAINS AND AT ONE POINT IT WAS ALMOST TO 10 POINTS AND FROM THERE MARKETS STARTED RECOVERING TRACKING STRONG EUROPEAN BREEZE AND MOVED UP TO HOG DECENT GAINS AND CLOSED AT 40 POINTS IN NIFTY. WE HAVE SEEN LARGE CHUCK 0OF MIDCAPS OUTPERFORMING THOUGH INDEX STOCKS REALLY DIDN’T MOVE. VERY STOCK SPECIFIC MOVEMENT WAS WITNESSED IN THE MARKETS.
TODAY WE MAY OPEN FLAT TRACKING MIXED CLOSED IN US INDICES AND FLAT OPENING IN ASIAN STOCKS. STOCK SPECIFIC MOVE MAY BE WITNESSED AND MID CAPS JUST STARTED THEIR RALLY WE MAY SEE NIFTY TO MOVE SIDELINES BUT FEW MIDCAP STOCKS MAY OUTPERFORM TRADES. IF YOU BROADLY LOOK AT MARKETS THOUGH THEY HAVE GONE UP SUBSTANTIALLY HIGHER LOT OF MIDCAPS ARE TRADING LOWER THAN WHERE THEY ARE TO BE TRADED, SO THERE IS EVERY SCOPE IN STOCK SPECIFIC. TODAY IF NIFTY TRADES ABOVE 6230 THEN LIKELY TO MAKE ITS MOVE UPTO 6250 LEVELS AND ANY BREACH ABOVE 6250 WE MAY SEE ANOTHER RALLY UPSIDE. ON THE DOWNSIDE IF NIFTY TRADES BELOW 6198 THEN LIKELY TO TAKE SUPPORT AROUND 6175 LEVELS AND ANY BREACH BELOW THIS LEVEL WOULD DRAG NIFTY TO 6150 AND ANY CLOSE BELOW 6150 WOULD TAKE NIFTY TO 6070 LEVELS.
BUY GSPL SL 117 TGT 119.20/120/121.70
BUY IBREAL SL 197 TGT 203/208/213
BUY JP ASSOCIATES SL 136.40 TGT 140.40/142.65/145.75
BUY UNITECH SL 96.90 TGT 98.90/99.80/101.40
BUY NOCIL LTD SL 25 TGT 26.40/27.20/28.45 (SHORT TERM 35)
BUY APTECH SL 173.40 TGT 178.50/182/186.50
POSITIONAL TRADES
BUY SCI TGT 240
BUY GMDC TGT 165
