GOOD MORNING!!!
MARKETS ON FRIDAY HIT ITS EVER HIGHS RECORDING HISTORY IN INDIAN MARKETS. WE HAVE SEEN POSITIVE TRADING IN ONE HOUR OF TRADE WITH SOME STOCKS SURGING AND MARKETS CLOSED POSITIVE. THE BREADTH OF THE MARKET REMAINED POSITIVE IN THE ENTIRE ONE HOUR OF TRADE.
TODAY MARKETS WOULD OPEN POSITIVE AND CONTINUE TO REMAIN POSITIVE AND WE MAY SEE NIFTY TO SURPASS NEW HIGHS AND RECORD FRESH HIGHS. THERE WOULD BE A VERY POSITIVE BUYING IN THE STOCKS. THERE ARE TOO MANY REASONS AS OF NOW TO SAY THE MARKETS MAY STILL STRECH FURTHER ON THE POSITIVE SIDE
(A) SUSTAINED BUYING FROM FOREIGN FUNDS
(B) GOOD Q2 RESULTS
(C) EASING FOOD INFLATION
(D) GLOBAL SENTIMENTS
(E) POSIITVE DRIVE OF OBAMA VISIT
CONSIDERING THE ABOVE FACTS WE MAY SEE INDICES TO INCLINE FURTHER AND ONE SHOULD REMEMBER THAT UNLESS AND UNTIL YOU SEE THE INDICIES TURNING NEGATIVE ONE SHOULD REMAIN LONG AS LONG AS THE TREND IS POSITIVE. TODAY IF NIFTY TRADES ABOVE 6326 LIKELY TO MOVE UP TO 6348 AND THEN LIKELY TO MOVE UP TO 6380 LEVELS AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 6400 LEVELS AND ANY CLOSE ABOVE 6350 IS CONSIDERED TO BE BULLISH AND ONE CAN REMAIN LONG, WE MAY SEE NIFTY TO REACH HIGHER HIGHS. ON THE NEGATIVE SIDE THERE IS HARDLY ANY SCOPE AS OF TODAY BUT ANY DECLINE IS A BUYING OPPORTUNITY IN NIFTY SO USE DOWNSIDE IN NIFTY AS OPPORTUNITY TO BUY.
BUY JPASSOCIATES SL 132.90 TGT 135/136/138
BUY FIRST LEASING SL 93 TGT 95.50/96.80/99
BUY DISH TV SL 69.90 TGT 71.75/73/74.80*
BUY GANDHIMATI APPLIANCES SL 123.40 TGT 129.60/134/140 (SHORT TERM155/180)**
POSITIONAL TRADES
BUY RUCHI SOYA TGT 155/170
BUY BINANI CEMENTS TGT 118/135*
BUY HINDUJA VENTURES LIMITED TGT 600
BUY UNITED SPIRITS TGT 1850/2075
BUY LICHSG TGT 1680/1900
BUY TATA MOTORS 1400/1600
TODAY MARKETS WOULD OPEN POSITIVE AND CONTINUE TO REMAIN POSITIVE AND WE MAY SEE NIFTY TO SURPASS NEW HIGHS AND RECORD FRESH HIGHS. THERE WOULD BE A VERY POSITIVE BUYING IN THE STOCKS. THERE ARE TOO MANY REASONS AS OF NOW TO SAY THE MARKETS MAY STILL STRECH FURTHER ON THE POSITIVE SIDE
(A) SUSTAINED BUYING FROM FOREIGN FUNDS
(B) GOOD Q2 RESULTS
(C) EASING FOOD INFLATION
(D) GLOBAL SENTIMENTS
(E) POSIITVE DRIVE OF OBAMA VISIT
CONSIDERING THE ABOVE FACTS WE MAY SEE INDICES TO INCLINE FURTHER AND ONE SHOULD REMEMBER THAT UNLESS AND UNTIL YOU SEE THE INDICIES TURNING NEGATIVE ONE SHOULD REMAIN LONG AS LONG AS THE TREND IS POSITIVE. TODAY IF NIFTY TRADES ABOVE 6326 LIKELY TO MOVE UP TO 6348 AND THEN LIKELY TO MOVE UP TO 6380 LEVELS AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 6400 LEVELS AND ANY CLOSE ABOVE 6350 IS CONSIDERED TO BE BULLISH AND ONE CAN REMAIN LONG, WE MAY SEE NIFTY TO REACH HIGHER HIGHS. ON THE NEGATIVE SIDE THERE IS HARDLY ANY SCOPE AS OF TODAY BUT ANY DECLINE IS A BUYING OPPORTUNITY IN NIFTY SO USE DOWNSIDE IN NIFTY AS OPPORTUNITY TO BUY.
BUY JPASSOCIATES SL 132.90 TGT 135/136/138
BUY FIRST LEASING SL 93 TGT 95.50/96.80/99
BUY DISH TV SL 69.90 TGT 71.75/73/74.80*
BUY GANDHIMATI APPLIANCES SL 123.40 TGT 129.60/134/140 (SHORT TERM155/180)**
POSITIONAL TRADES
BUY RUCHI SOYA TGT 155/170
BUY BINANI CEMENTS TGT 118/135*
BUY HINDUJA VENTURES LIMITED TGT 600
BUY UNITED SPIRITS TGT 1850/2075
BUY LICHSG TGT 1680/1900
BUY TATA MOTORS 1400/1600
