GOOD MORNING!!!
INTENSE VOLATILITY WAS WITNESSED IN LAST TRADING SESSION, LOWER GLOBAL STOCKS AND A LIKELY INCREASE IN KEY SHORT-TERM INTEREST RATES BY THE RESERVE BANK OF INDIA (RBI) AT A POLICY REVIEW THIS WEEK, WEIGHED ON INVESTOR SENTIMENT. INTRADAY VOLATILITY WAS IMMENSE. STOCKS CUT LOSSES SOON AFTER AN INITIAL SLIDE CAUSED BY WEAK ASIAN STOCKS BUT COULD NOT WITHSTAND THE GAINS AFTER WEAK OPENING OF EUROPEAN MARKETS, WHICH KEPT DOMESTIC BOURSES DEPRESSED IN AFTERNOON TRADE. STOCKS EXTENDED LOSSES LATER. A SUDDEN REBOUND SAW THE INDICES BRIEFLY REGAINING POSITIVE ZONE IN MID-AFTERNOON FOR A BRIEF PERIOD OF TIME BUT THE MARKET AGAIN SLIPPED INTO THE RED MAKING THE OVERALL HEALTH OF THE MARKET VERY WEAK.
TODAY MARKETS WOULD OPEN RED WITH GOLDMAN SACHS FRAUD WHICH MADE ALL THE WORLD EQUITIES TO SLIDE, THIS WOULD MAKE OUR MARKETS TO OPEN HUGE GAP DOWN OF AROUND 80 TO 100 POINTS AND WOULD TAKE CRUCIAL SUPPORT AT 5150 LEVELS. THOUGH GOLDMAN SACHS EFFECT IS NOT DIRECT TO US AS IT WOULD MAKE NO DIFFERENCE TO OUR MARKETS ONLY ON THE GLOBAL WORRIES MARKET MAY HAVE LITTLE IMPACT OF IT AND CAN SLIDE IN TODAY TRADE AND THE ONLY EFFECT THIS WOULD HAVE ON OUR MARKETS IS STOCK SPECIFIC COUNTERS WHERE GOLDMAN SACHS HAS INVESTED MAY START DECLINING. COMPANIES LIKE LIC, EDUCOMP, CESE, LANCO AND FEW OTHER. TODAY IF NIFTY TRADES BELOW 5200 WOULD LIKELY TO COME DOWN TO 5170 AND THEN TO 5150. RISKY TRADERS CAN TAKE LONG POSITION BY GOING LONG AT 5150 TO 5170 LEVELS WITH A STOPLOSS OF 5126. UPSIDE CHANCES OF NIFTY ARE REMOTE WE CAN SEE SOME BUYING ONLY ABOVE 5205 LEVELS.
SOME POSITIVE COUNTERS: UNITECH, SESAGOA, IBREAL, GE SHIPPING, TITAN, BAJAJ AUTOFIN AND JINDAL SOUTH WEST HOLDING.
SELL LIC HSG SL 852 TGT 838/827/800*
SELL LANCO INFRA SL 58 TGT 54/50/45*
SELL EDUCOMP 736 TGT 707/676/650*
SELL ICICI BANK SL 926 TGT 910/900/890
BUY MSK PROJECTS WHEN MARKET DECLINES AROUND 155 TO 158 WITH SL 150 TGT 168/175/180.
INTENSE VOLATILITY WAS WITNESSED IN LAST TRADING SESSION, LOWER GLOBAL STOCKS AND A LIKELY INCREASE IN KEY SHORT-TERM INTEREST RATES BY THE RESERVE BANK OF INDIA (RBI) AT A POLICY REVIEW THIS WEEK, WEIGHED ON INVESTOR SENTIMENT. INTRADAY VOLATILITY WAS IMMENSE. STOCKS CUT LOSSES SOON AFTER AN INITIAL SLIDE CAUSED BY WEAK ASIAN STOCKS BUT COULD NOT WITHSTAND THE GAINS AFTER WEAK OPENING OF EUROPEAN MARKETS, WHICH KEPT DOMESTIC BOURSES DEPRESSED IN AFTERNOON TRADE. STOCKS EXTENDED LOSSES LATER. A SUDDEN REBOUND SAW THE INDICES BRIEFLY REGAINING POSITIVE ZONE IN MID-AFTERNOON FOR A BRIEF PERIOD OF TIME BUT THE MARKET AGAIN SLIPPED INTO THE RED MAKING THE OVERALL HEALTH OF THE MARKET VERY WEAK.
TODAY MARKETS WOULD OPEN RED WITH GOLDMAN SACHS FRAUD WHICH MADE ALL THE WORLD EQUITIES TO SLIDE, THIS WOULD MAKE OUR MARKETS TO OPEN HUGE GAP DOWN OF AROUND 80 TO 100 POINTS AND WOULD TAKE CRUCIAL SUPPORT AT 5150 LEVELS. THOUGH GOLDMAN SACHS EFFECT IS NOT DIRECT TO US AS IT WOULD MAKE NO DIFFERENCE TO OUR MARKETS ONLY ON THE GLOBAL WORRIES MARKET MAY HAVE LITTLE IMPACT OF IT AND CAN SLIDE IN TODAY TRADE AND THE ONLY EFFECT THIS WOULD HAVE ON OUR MARKETS IS STOCK SPECIFIC COUNTERS WHERE GOLDMAN SACHS HAS INVESTED MAY START DECLINING. COMPANIES LIKE LIC, EDUCOMP, CESE, LANCO AND FEW OTHER. TODAY IF NIFTY TRADES BELOW 5200 WOULD LIKELY TO COME DOWN TO 5170 AND THEN TO 5150. RISKY TRADERS CAN TAKE LONG POSITION BY GOING LONG AT 5150 TO 5170 LEVELS WITH A STOPLOSS OF 5126. UPSIDE CHANCES OF NIFTY ARE REMOTE WE CAN SEE SOME BUYING ONLY ABOVE 5205 LEVELS.
SOME POSITIVE COUNTERS: UNITECH, SESAGOA, IBREAL, GE SHIPPING, TITAN, BAJAJ AUTOFIN AND JINDAL SOUTH WEST HOLDING.
SELL LIC HSG SL 852 TGT 838/827/800*
SELL LANCO INFRA SL 58 TGT 54/50/45*
SELL EDUCOMP 736 TGT 707/676/650*
SELL ICICI BANK SL 926 TGT 910/900/890
BUY MSK PROJECTS WHEN MARKET DECLINES AROUND 155 TO 158 WITH SL 150 TGT 168/175/180.
KEEP A CLOSE WATCH ON THE ABOVE POSITIVE STOCKS MENTIONED DURING MARKET DECLINE FOR BUYING WITH STRICT STOPLOSS.
