GOOD MORNING!!!
MARKETS EDGED HIGHER IN THE MORNING SESSION TRACKING FIRM ASIAN STOCKS. AFTER WITNESSING NEGATIVELY BIASED SIDE WAY MOVEMENT FOR THE PAST SEVEN DAYS MARKETS HAVE YET AGAIN PROVED ITS STRENGTH BY HITTING NEW HIGHS OF THE RECENT PAST. AFTER THE INITIAL SURGE IN THE MARKETS FURTHER UPSIDE WAS SUPPORTED BY EUROPEAN STOCKS WHICH OPENED HIGHER IN THE OPENING TRADE. WORLD STOCKS ROSE ON GROWING EXPECTATIONS THAT THE US FEDERAL RESERVE WILL TAKE FURTHER MEMASURES TO BOOST THE SLOWING ECONOMIC RECOVERY. THE MAREKT BREADTH WAS STRONG ALL THE SECTORAL INDICES WERE IN GREEN. IT, BANKING, REALTY AND FMCG STECTORS LED THE RALLY. FEW FRONT END COUNTERS HAVE RECORDED THEIR NEW HIGHS OF THE YEAR. MARKETS ENDED ON A VERY STRONG NOTE.
TODAY MARKETS MAY OPEN POSITIVE IF NIFTY TRADES ABOVE 6282 THEN LIKLEY TO RESIST AT 6300 LEVELS AND ANY BREAK AND TRADE ABOVE THIS POINT WOULD TAKE NIFTY TO HISTORIC HIGH I.E., BEYOND 6336 ONE SHOULD BE VERY WATCHFUL FROM HERE ON WE MAY ONLY SEE VERY VERY STOCK SPECIFIC MOVE FROM HERE. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 6248 THEN MAY LIKELY TO MOVE DOWN TO 6216 LEVELS AND BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 6197 LEVELS AND ANY CLOSE BELOW 6197 WOULD DRAG NIFTY TO 6160. AS LONG AS NIFTY TRADES ABOVE 6200 FOR NOW WE CAN STAY INVESTED IN NIFTY ONE IS ADVISED NOT TO REMAIN IN SHORT ANTICIPATING A FALL, WE HAVE BEEN REITERATING THIS QUITE FOR A LONG TIME BEAR IN MIND WHENVER THERE IS SELLING OPPORTUNITY WE SHALL INFORM YOU IN THE SITE.
TODAY MARKETS MAY OPEN POSITIVE IF NIFTY TRADES ABOVE 6282 THEN LIKLEY TO RESIST AT 6300 LEVELS AND ANY BREAK AND TRADE ABOVE THIS POINT WOULD TAKE NIFTY TO HISTORIC HIGH I.E., BEYOND 6336 ONE SHOULD BE VERY WATCHFUL FROM HERE ON WE MAY ONLY SEE VERY VERY STOCK SPECIFIC MOVE FROM HERE. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 6248 THEN MAY LIKELY TO MOVE DOWN TO 6216 LEVELS AND BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 6197 LEVELS AND ANY CLOSE BELOW 6197 WOULD DRAG NIFTY TO 6160. AS LONG AS NIFTY TRADES ABOVE 6200 FOR NOW WE CAN STAY INVESTED IN NIFTY ONE IS ADVISED NOT TO REMAIN IN SHORT ANTICIPATING A FALL, WE HAVE BEEN REITERATING THIS QUITE FOR A LONG TIME BEAR IN MIND WHENVER THERE IS SELLING OPPORTUNITY WE SHALL INFORM YOU IN THE SITE.
BUY UFLEX SL 286 TGT 298/308/315
BUY KARTURI SL 31.70 TGT 33.65/34.90/35.75
BUY GULF OIL CORP SL 120.20 TGT 127/130/133 (SHORT TERM 155)
