GOOD MORNING!!!
THE INDICES GOT A WEAK START TRACKING THE ASIAN MARKETS. THE BENCHMARKS CONTINUED TO TRADE IN THE RED FOR MOST PART OF THE TRADE AS WEAKER THAN EXPECTED EARNINGS REPORT BY HEAVYWEIGHTS WEIGHED ON SENTIMENTS. AFTER STAYING IN THE RED FOR ALMOST THE WHOLE FIRST HALF, THE FRONTLINE INDICES BOUNCED BACK INTO POSITIVE TERRITORY IN EARLY AFTERNOON TRADES BUT FAILED TO HOLD ON TO THE GAINS. THE SECOND HALF SAW THE BENCHMARKS TOUCH LOWEST POINT OF THE DAY HOWEVER, MANAGED TO PARE SOME OF THE LOSSES IN THE DYING HOURS ON THE BACK OF SOME FRESH BUYING IN OIL AND GAS AND BANKING STOCKS. IT REMAINED A CHOPPY DAY OF TRADE WITH THE NARROW RANGE. THE IT INDEX DOWN 1.29%, SUFFERED THE MOST THIS FRIDAY AS SENTIMENTS TURNED PESSIMISTIC AFTER IT MAJOR WIPRO PLUMMETED 4.59% ON REPORTING WEAKER THAN EXPECTED NUMBERS. WHILE ANOTHER SET OF BELOW EXPECTED NUMBERS CAME FROM REALTY MAJOR HCC AND IT LOST 1.35%. HOWEVER, THE DOWN TREND WAS CAPPED DUE TO BUYING IN THE OIL AND GAS COUNTER AS IT GAINED 0.78%, BEING THE LEADER IN THE SPACE. WHILE THE INTEREST RATE SENSITIVE, BANKING COUNTER TOO GAINED 0.77% AS BANK OF INDIA SURGED 6.50% ON REGISTERING 61% GROWTH IN ITS Q3 NET PROFITS.
TODAY MARKETS LOOK POSITIVE TRACKING ASIAN INDICES WHICH HAVE OPENED POSITIVE. TODAY WE MAY SEE NIFTY TO MOVE UP ON BUYING INTEREST NOT ONLY ON POSITIVE OUTLOOK BUT ALSO ON POSITIVE QUARTER RESULTS ON MANY FRONTLINE STOCKS. IF NIFTY TRADES ABOVE 5715 THEN LIKELY TO MAKE AN UPMOVE TO 5740 LEVELS AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5765 LEVELS AND ANY BREAK AND CLOSE ABOVE THIS POINT WOULD TAKE NIFTY TO 5800 LEVELS AND ON THE FLIP SIDE IF NIFTY TRADES BELOW 5685 THEN LIKELY TO COME DOWN TO 5650 LEVELS AND ANY BREAK BELOW THIS LEVEL WE CAN SEE NIFTY TO SLIDE DOWN TO 5600 LEVELS AND ANY CLOSE BELOW 5600 WE CAN SEE NIFTY TO COME DOWN TO 5200 LEVELS UNTILL 5600 LEVEL IS HOLDING WE CAN SEE NIFTY TO TAKE SUPPORT AT THIS LEVEL. STAY CAUTIOUS AS FNO EXPIRY IS NEARING, WE MAY SEE LOT OF VOLATILITY.
BUY LIC SL 192 TGT 200/205/209
BUY SESAGOA SL 335 TGT 340/343.60/348.50
SELL ASHOK LEYLAND SL 59.50 TGT 58/57/55
SELL IDEA SL 69 TGT 68/67/66
TODAY MARKETS LOOK POSITIVE TRACKING ASIAN INDICES WHICH HAVE OPENED POSITIVE. TODAY WE MAY SEE NIFTY TO MOVE UP ON BUYING INTEREST NOT ONLY ON POSITIVE OUTLOOK BUT ALSO ON POSITIVE QUARTER RESULTS ON MANY FRONTLINE STOCKS. IF NIFTY TRADES ABOVE 5715 THEN LIKELY TO MAKE AN UPMOVE TO 5740 LEVELS AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5765 LEVELS AND ANY BREAK AND CLOSE ABOVE THIS POINT WOULD TAKE NIFTY TO 5800 LEVELS AND ON THE FLIP SIDE IF NIFTY TRADES BELOW 5685 THEN LIKELY TO COME DOWN TO 5650 LEVELS AND ANY BREAK BELOW THIS LEVEL WE CAN SEE NIFTY TO SLIDE DOWN TO 5600 LEVELS AND ANY CLOSE BELOW 5600 WE CAN SEE NIFTY TO COME DOWN TO 5200 LEVELS UNTILL 5600 LEVEL IS HOLDING WE CAN SEE NIFTY TO TAKE SUPPORT AT THIS LEVEL. STAY CAUTIOUS AS FNO EXPIRY IS NEARING, WE MAY SEE LOT OF VOLATILITY.
BUY LIC SL 192 TGT 200/205/209
BUY SESAGOA SL 335 TGT 340/343.60/348.50
SELL ASHOK LEYLAND SL 59.50 TGT 58/57/55
SELL IDEA SL 69 TGT 68/67/66
