GOOD MORNING!!!
MARKETS GOT OFF TO A GOOD START ON THE OPENING TRADE, WITH FINANCE AND OTHER SECTOR STOCKS RISING ON THE BACK OF SUPPORTIVE CUES FROM OVERNIGHT US MARKETS WHICH SURGED AROUND ONE AND HALF A PERCENT ON THE BACK OF THE SLEW OF GOOD ECONOMIC REPORTS THAT HELPED TO PUT ASIDE THE FEAR OF JAPANESE CRISIS. HOWEVER, WITH THE UNPLEASANT REPORTS ON THE RELIANCE INDUSTRIES ON PRODUCTION FROM KG BASIN HAS PUT HUGE PRESSURE ON FRONTLINE INDICES AND ERASED ALL THE GAINS ALONG WITH THIS OTHER THINGS WHICH HAS PLAYED THE SPOIL SPORT WERE OPPOSITION RAISING QUESTIONS ON CONGRESS, WHICH IS ALREADY BURDENED BY CORRUPTION CHARGES, CULPABILITY AFTER WIKILEAKS CABLES REVELATION. THE BOURSES TOUCHED INTRADAY LOWS IN THE DYING HOURS OF SESSION AS THEY BREACHED THE CRUCIAL SUPPORT LEVELS. MARKET BREADTH REMAINED NEGATIVE.
TODAY MARKETS WOULD BE RANGE BOUND AND VOLATILE. IF NIFTY TRADES ABOVE 5425 THEN LIKELY TO MAKE AN UPMOVE TO 5455 LEVELS AND THEN TO 5475 LEVELS AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5500. ON THE FLIP SIDE IF NIFTY TRADES BELOW 5379 THEN LIKELY TO COME DOWN TO 5350 LEVELS AND BELOW THIS POINT WOULD TAKE NIFTY FURTHER TO 5321 LEVELS AND ANY BREAK BELOW THIS POINT WOULD THEN TAKE NIFTY TO 5275 AND ANY CLOSE BELOW THE PREVIOUS CLOSE WE CAN SEE NIFTY TO SLIDE DOWN VERY FAST IN VERY SHORT SPAN OF TIME.
TODAY MARKETS WOULD BE RANGE BOUND AND VOLATILE. IF NIFTY TRADES ABOVE 5425 THEN LIKELY TO MAKE AN UPMOVE TO 5455 LEVELS AND THEN TO 5475 LEVELS AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5500. ON THE FLIP SIDE IF NIFTY TRADES BELOW 5379 THEN LIKELY TO COME DOWN TO 5350 LEVELS AND BELOW THIS POINT WOULD TAKE NIFTY FURTHER TO 5321 LEVELS AND ANY BREAK BELOW THIS POINT WOULD THEN TAKE NIFTY TO 5275 AND ANY CLOSE BELOW THE PREVIOUS CLOSE WE CAN SEE NIFTY TO SLIDE DOWN VERY FAST IN VERY SHORT SPAN OF TIME.
POSITIONAL TRADES
BUY AMTEK INDIA TGT 90/95
