GOOD EVENING!!!
THE MARKET JUMPED IN EARLY TRADE ON FIRM ASIAN STOCKS. THE MARKET EXTENDED GAINS TO HIT FRESH INTRADAY HIGH IN MORNING TRADE. STOCKS REMAINED FIRM IN MID-MORNING TRADE AS EUROPEAN STOCKS JUMPED IN EARLY TRADE. THE MARKET EXTENDED GAINS IN LATE TRADE, INDICES SURGED TO THEIR HIGHEST LEVEL IN NEARLY 34 MONTHS AS STOCKS ROSE ACROSS THE GLOBE AFTER THE US FEDERAL RESERVE'S DECISION TO BUY $600 BILLION IN GOVERNMENT BONDS TO STIMULATE THE US ECONOMY. A RALLY IN COAL INDIA SHARES ON ITS DEBUT ON THE BOURSES, GOOD Q2 SEPTEMBER 2010 RESULTS, SUSTAINED BUYING BY FOREIGN FUNDS, AND DATA SHOWING EASING FOOD INFLATION IN LATE OCTOBER 2010, UNDERPINNED SENTIMENT.
TODAY MARKETS WOULD OPEN POSITIVE, TRACKING POSITIVE CLOSING OF US MARKETS AND GOOD CLOSING OF ASIAN INDICES. TRACKING ALL THE POSITIVE ISSUES IN AND AROUND GLOBE MARKETS WOULD EXTEND ITS GAINS AND HIT HISTORIC HIGHS FOR THE DAY. MARKETS TODAY WOULD SURPASS THE HIGHEST EVER FIGURES IN THE INDICES. TODAY IF NIFTY TRADES ABOVE 6310 THEN LIKELY TO MOVE UP TO 6330 AND BREAK ABOVE THIS LEVEL WOULD SEE NIFTY TO TOUCH 6350 LEVELS AND ANYTHING ABOVE THIS POINT WOULD TAKE TO 6362 LEVELS. ON THE NEGATIVE SIDE THERE IS HARDLY ANY SCOPE ONE IS SUGGESTED NOT TO GO SHORT UNTIL 6294 LEVELS.
TODAY MARKETS WOULD OPEN POSITIVE, TRACKING POSITIVE CLOSING OF US MARKETS AND GOOD CLOSING OF ASIAN INDICES. TRACKING ALL THE POSITIVE ISSUES IN AND AROUND GLOBE MARKETS WOULD EXTEND ITS GAINS AND HIT HISTORIC HIGHS FOR THE DAY. MARKETS TODAY WOULD SURPASS THE HIGHEST EVER FIGURES IN THE INDICES. TODAY IF NIFTY TRADES ABOVE 6310 THEN LIKELY TO MOVE UP TO 6330 AND BREAK ABOVE THIS LEVEL WOULD SEE NIFTY TO TOUCH 6350 LEVELS AND ANYTHING ABOVE THIS POINT WOULD TAKE TO 6362 LEVELS. ON THE NEGATIVE SIDE THERE IS HARDLY ANY SCOPE ONE IS SUGGESTED NOT TO GO SHORT UNTIL 6294 LEVELS.
BUY IFCI SL 73.80 TGT 75/76/77
BUY BPCL SL 763 TGT 766/768/772
BUY CHAMBAL FERT SL 93 TGT 95.45/96.50/97.25
BUY TITAN SL 3811 TGT 3837/3848/3867
