ON TUESDAY,TRADING WAS HALTED & NIFTY WAS STANDSTILL,LOOKED A TOUGH CLIMBING TO CROSS 4990 THROUGHOUT THE DAY.SO NOT A FEASIBLE TRADING FRIENDLY ENVIRONMENT FOR TRADER YESTERDAY.LOOK LIKE THE SCENARION WILL BE SAME AGAIN TODAY & MARKET MAY MOVE WITH ITS OWN BOUND RANGE.SO TRADE LESS & GET OUT EARLY AS IN NARROW BAND U MAY SEE A LOT OF VOLATILITY.SOME OF THE PICS ARE:
(1)MARUTI:ABV 1532 TGT 1540-43----BLW 1526 TGT 1518-16
(2)SIEMENS:ABV 551 TGT 555-56----BLW 545 TGT 540-38
(3)SUN PHARMA:ABV 1510 TGT 1521-23 SL 1500
(4)TECH MAHINDRA:ABV 996 TGT 1003-04----BLW 992 TGT 986-84
(5)NIFTY FUTURE:BUY ABV 5018 FOR TGT OF 5035-45 WITH STOP AT 5005.SHORT AROUND 5005 WITH STOP AT 5015 FOR TGT OF 4085-75. 0R SHORT AROUND 4990 LEVEL WITH STOP AT 5010 FOR TGT OF 4968-58.
ALSO KEEP AN EYE ON DECCAN CHRONICLE ABV 161 FOR TGT OF 165-67(WEAK BLW 157) & TATA MOTORS BLW 720 FOR 716-14(STRONG ABV 726).ALSO WATCH SOME OIL COUNTERS LIKE HPCL/BPCL/IOC.
HAPPY TRADING
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