YESTERDAY MARKET TRADED IN A VERY NARROW RANGE WITH LOW VOLUME. TRADING IN RANGE BOUND MARKET IS ALWAYS DIFFICULT.
NIFTY-FUT VIEW
NIFTY-FUT NOT ABLE TO CROSS 5082.5O UPSIDE BREAKING OF 5082.50 WILL TAKE NIFTY-FUT TO 5150. TRADER CAN GO LONG ABOVE 5082.5 WITH THE STOP LOSS OF 5040. HOWEVER NIFTY-FUT SHOULD NOT BREAK DOWNSIDE 5006. IF BREAKS THEN POSITIVE MOMENTUM WILL LOSE THE BREADTH.
YESTERDAY NIFTY-FUT MADE LOWER LOW, WHICH MAKES WORRY FOR BULLS. HOWEVER AS IT HAPPENED WITH LOW VOLUME BEARS, MAY NOT TAKE CONTROL.
SO BE CAUTIOUS AT THIS LEVEL.
STOCKS
1. BUY IFCI ABOVE 52. SL 49.50. TGT 56.
2. BUY HOTELEELA ABOVE 41. SL 38.75. TGT 45.
3. BUY TRIVENI ABOVE 110.5 SL 102. TGT 122.
THE ABOVE TWO ARE POSITIONAL CALLS FOR 1-3 DAYS.
RELINFRA GETTING WEAKER.....IF ANYBODY LONG IN THIS COUNTER PLEASE EXIT BELOW 1140.
ALL THE BEST IN YOUR TRADING DAY.
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