GOOD MORNING!!!
STRONG OPENING TRACKING US, EUROPEAN STOCKS CLOSING AND ASIAN STOCKS OPENING MADE STOCK INDICES SURGE BEYOND IMAGINATION GUIDING WEAK MARKETS INTO A STRONG ZONE. HEAVY, CONTINUAL AND SUSTAINED BUYING INTEREST FROM FOREIGN FUNDS KEPT STOCK MARKETS TO SURGE HIGH AND HIGH. MARKETS INCHED UP HIGHER ON STRONG RESULTS OF Q2 AND THERE AFTER IN THE MID AFTERNOON ON DATA SHOWING EASING OF INFLATION INDEX ALSO SUPPORTED STOCKS TO MOVE FURTHER HIGH THERE BY HITTING NEW INTRADAY HIGHS. ALL THE SECTORAL INDICES WERE IN GREEN, MARKET BREADTH WAS STRONG IN THE OPENING OF THE TRADE AND CONTITUED TO GET STRONGER AND STRONGER AS THE DAY PASSED BY. FMCG, BANKING, METALS AND REALTY STOCKS ROSE.
TODAY MARKETS LOOKS POSITIVE AND IF NIFTY TRADES ABOVE 6138 THEN LIKELY TO MAKE ITS UPWARD JOURNEY TO 6166 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 6186 LEVELS AND FURTHER MAY HAVE RESISTANCE AROUND 6206 LEVELS. ON THE DOWNSIDE IF NIFTY TRADES BELOW 6120 THEN LIKELY TO MAKE ITS MOVE DOWN TO 6100 AND ANY BREAK BELOW THIS LEVEL WILL DRAG FURTHER DOWN TO 6078 LEVELS AND THEN TO 6042 LEVELS. ONE IS ADVISED TO STAY CAUTIOUS AT EVERY HIGHER LEVEL. IF NIFTY CLOSES ABOVE THE TODAYS OPEN THEN ONE CAN STAY LONG.
B
UY TULSI EXTRUSION SL 92 TGT 98/102/105BUY ALEMBIC SL 70 TGT 72.50/74/75*
BUY PTC SL 134 TGT 136.35/138/139.35
BUY UNITED PHOS SL 204 TGT 211/214/216.7
