GOOD MORNING!!!
THE MARKET PARED GAINS AFTER A FIRM START. IT REVERSED GAINS TO HIT FRESH INTRADAY LOWS IN MORNING TRADE. IT CUT LOSSES IN MID-MORNING TRADE. IT SLUMPED TO HIT FRESH INTRADAY LOWS IN EARLY AFTERNOON TRADE. IT REMAINED WEAK IN AFTERNOON TRADE. IT EXTENDED LOSSES TO HIT FRESH INTRADAY LOWS IN MID-AFTERNOON TRADE. IT FURTHER CONTINUED ITS DOWNWARD TREND TO HIT FRESH INTRADAY LOWS IN LATE TRADE. IT WAS MAINLY A CAUTIOUS MOVE BY INVESTORS AND INSTITUTIONS AHEAD OF THE OUTCOME OF MEETINGS OF G-20 WORLD LEADERS IN SOUTH KOREA. TELECOM, BANKING, IT, FMCG, REALTY AND CAPITAL GOODS STOCKS FELL. THE MARKET BREADTH TURNED WEAK FROM STRONG BREADTH SEEN EARLIER IN THE DAY. ALL THE SECTORAL INDICES ON EXCHANGE FELL.
TODAY MARKETS WOULD OPEN NEGATIVE TRACKING WEAK CLOSING OF NIFTY ON THE LAST DAY ALONG WITH NEGATIVE CLOSING OF US AND EUROPE MARKETS. TODAY IF NIFTY TRADES BELOW 6210 THEN IT WILL SLIDE DOWN TO 6176 AND BREAK BELOW THIS LEVELS CAN SEE NIFTY AT 6138 AND THEN TO 6100. ON THE UPSIDE IF NIFTY TRADES ABOVE 6240 THEN LIKELY TO MOVE UP 6260 AND BREAK ABOVE WOULD TAKE IT TO 6300. ONE IS ADVISED TO STAY CAUTIOUS ON UPSIDE, ONE IS ADVISED TO GO LONG ONLY IF NIFTY CLOSES ABOVE 6300 UNTIL THAN ONE CAN STAY SHORT. WE MAY SEE STOCK SPECIFIC MOVES.
BUY SYNDICATE BANK SL 151.7 TGT 154/155/157
BUY HIMATSINGKA SL 61.65 TGT 64.50/66.35/67.50
BUY LUPIN ABOVE 483 SL 479 TGT 488/492/500
BUY HIMACHAL FUTURIS SL 13.80 TGT 14.75/15.40/15.75**
BUY INDUSIND BANK ABOVE 296 SL 293.90 TGT 302/307/311
BUY TATA POWER SL 1404 TGT 1422/1433/1453
SELL CESC SL 393 TGT 388/386/384
NOTE: BUY THE ABOVE STOCKS ONLY IF THEY OPEN POSITIVE ELSE DON’T BUY
TODAY MARKETS WOULD OPEN NEGATIVE TRACKING WEAK CLOSING OF NIFTY ON THE LAST DAY ALONG WITH NEGATIVE CLOSING OF US AND EUROPE MARKETS. TODAY IF NIFTY TRADES BELOW 6210 THEN IT WILL SLIDE DOWN TO 6176 AND BREAK BELOW THIS LEVELS CAN SEE NIFTY AT 6138 AND THEN TO 6100. ON THE UPSIDE IF NIFTY TRADES ABOVE 6240 THEN LIKELY TO MOVE UP 6260 AND BREAK ABOVE WOULD TAKE IT TO 6300. ONE IS ADVISED TO STAY CAUTIOUS ON UPSIDE, ONE IS ADVISED TO GO LONG ONLY IF NIFTY CLOSES ABOVE 6300 UNTIL THAN ONE CAN STAY SHORT. WE MAY SEE STOCK SPECIFIC MOVES.
BUY SYNDICATE BANK SL 151.7 TGT 154/155/157
BUY HIMATSINGKA SL 61.65 TGT 64.50/66.35/67.50
BUY LUPIN ABOVE 483 SL 479 TGT 488/492/500
BUY HIMACHAL FUTURIS SL 13.80 TGT 14.75/15.40/15.75**
BUY INDUSIND BANK ABOVE 296 SL 293.90 TGT 302/307/311
BUY TATA POWER SL 1404 TGT 1422/1433/1453
SELL CESC SL 393 TGT 388/386/384
NOTE: BUY THE ABOVE STOCKS ONLY IF THEY OPEN POSITIVE ELSE DON’T BUY
