GOOD MORNING!!!
INDICES HOVERED BETWEEN POSITIVE AND NEGATIVE AT THE ONSET OF THE TRADING SESSION, INDICES EDGED HIGHER TO HIT INTRADAY HIGH IN THE MORNING SESSION AND AFTER IT MARKETS STARTED SHOWING NO STRENGTH IN THE ENTIRE DAY THOUGH MARKETS MOVED UP AND DOWN COULD NOT BREAK THE HIGHS OF THE DAY RECOREDED AT THE EARLY HOUR TRADE. MARKET IN THE AFTERNOON SLIPPED INTO RED AND LATER REGAINED ITS STRENGTH TO RECOVER TO CERTAIN EXTENT TO CLOSE THE INDICES FLAT. STOCKS WERE VOLATILE ALL THE DAY WITH SOME SMALL-CAP AND MID-CAP STOCKS SUFFERING STEEP LOSSES, BROAD-BASED SELLING WAS WITNESSED IN SMALL-CAP AND MID-CAP SHARES AS THE MARKET SENTIMENT TURNED WEAK. BANKING, REALTY AND METAL STOCKS FELL. BUT, IT STOCKS ROSE. THE MARKET BREADTH WAS WEAK THOUGH MARKETS RECOVERED AT THE FAG END OF THE TRADING SESSION.
INDICIES MAY OPEN POSITIVE TRACKING THE POSITIVE OPENING OF ASIAN STOCKS AND FLAT CLOSING OF US AND EUROPE INDICES. IF NIFTY TRADES ABOVE 6046 THEN LIKELY TO MOVE TO 6066 ANDANY BREAK ABOVE 6066 WILL TAKE NIFTY TO 6090 LEVELS AND CLOSE ABOVE 6090 WOULD TAKE NIFTY TO FURTHER NEW HIGHS IN THE NIFTY AND WE WOULD TURN SHORT TERM BEARISH INTO BULLISH TREND AND WE ARE LIKLEY TO MOVE AHEAD OF 6200 LEVELS ONE IS ADVISED TO KEEP A CAUTIOUS LOOK ON BUILDING LONG POSITIONS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 6000 THEN LIKELY TO MAKE A DOWN MOVE TO 5972 AND BREAK BELOW THIS POINT WOULD DRAG NIFTY TO 5945 LEVELS AND ANY BREAK AND CLOSE BELOW 5945 WOULD TAKE NIFTY TO MUCH LOWER LEVELS. ONE HAS TO KEEP IN MIND IF NIFTY CLOSES ABOVE 6046 THEN ONE CAN BUILD SOME LONG POSITIONS AND CLOSE BELOW 5945 ONE CAN BUILD SHORT POSITIONS GOING FORWARD AT THE END OF THE DAY.
BUY RELIANCE CAPITAL SL 704 TGT 719/724/736*
BUY TALWALKAR SL 290 TGT 302/310/315
BUY DR REDDY SL 1833 TGT 1847/1858/1874
BUY SRTRANSFIN FUTURES SL 862 TGT 872/877/886
POSITIONAL TRADES
BUY PLETHICO PHARMACEUTICALS TGT 450*
BUY UNITED BREWERIES HOLDING TGT 350/500
