GOOD MORNING!!!
THE MARKETS GOT OFF TO A POSITIVE START TRACKING STRONG GLOBAL CUES AND REMAINED FIRM ACROSS THE BOARD AS BUYING FROM INVESTORS WAS CONSISTENT. THE MARKETS OSCILLATED IN A TIGHT BAND WITH A POSITIVE BIAS IN EARLY-NOON AND LATE-AFTERNOON TRADES. POSITIVE START FOR EUROPEAN BOURSES AND GOOD CUES COMING FROM OTHER PARTS OF THE WORLD KEPT THE BULLS ACTIVE THROUGHOUT THE TRADE WHICH HELPED INDICES TO SCALE TO NEW HIGHS OF THE DAY AND CLOSE TO THE NEW HIGHS. METAL, BANKING AND REALTY COUNTERS WERE THE MAJOR GAINERS DURING THE SESSION WHILE HEALTHCARE, TECHNOLOGY AND SOFTWARE STOCKS WITNESSED SELECTIVE SELLING FROM TRADERS. ON GLOBAL FRONT, ALL ASIAN COUNTERPARTS SETTLED HIGHER WITH PROMINENT MARKETS LIKE CHINA’S SHANGHAI COMPOSITE, HONG KONG’S HANGSENG AND JAPAN’S NIKKEI 225 REGISTERING GAINS OF OVER ONE AND A HALF PERCENT EACH.
TODAY MARKETS WOULD OPEN POSITIVE TRACKING POSITIVE US AND EUROPE FUTURES AND ASIAN COUNTERPARTS, IF NIFTY TRADES ABOVE 6027 THEN LIKELY TO MAKE ITS UPMOVE TO 6047 AND THEN BREAK ABOVE WOULD TAKE NIFTY TO 6064 LEVELS AND ANY THINGABOVE 6050 IS ONSIDERED TO BE BULLISH AND ON THE FLIP SIDE IF NIFTY TRADES BELOW 6000 THEN LIKELY TO MAKE ITS DOWN MOVE TO 5977 AND ANYTHING BELOW THIS WOULD DRAGE NIFTY TO 5960 LEVELS AND CLOSE B ELOW WOULD TAKE NIFTY TO FURTHER NEW LOWS OF INTRADAY . STAY CAUTIOUS IN THE MARKETS AS THE VOLUMES ARE ALMOST BLEAK WHICH IS THE LOWEST OF THE LAST ONE MONTH IN NIFTY.
BUY FSL SL 23.25 TGT 23.85/24.30/24.60
BUY ASIAN PAINTS SL 2903 TGT 2980/3030/3060 (SHORT TERM 3500)*
BUY HINDALCO SL 233 TGT 237/240/244
