JAI SHRI KRISHNA
US MKT CLOSED IN DEEP RED
As EUROPE WAS in RED (Due to intrest rates remaining unchanged by Bank of England)
Yesterday rally by the Asian Mkt was wiped out today,
All Asian mkt are trading low. We closed on Support levels of WEDNESDAY.
Mkt sentiment remains negative.
VOLATILE SESSION....
AVOID TRADING FOR THE TIME BEING. Oil prices hit a record $105.10 a barrel Thursday, a day after a surprise drop in U.S. crude supplies and a decision by OPEC not to boost production. The European Central Bank and the Bank of England each left their key interest rates steady on Thursday. The ECB left its benchmark interest at 4 percent, while the Bank of England held at 5.25 percent. Traders will be looking for clues from ECB president Jean-Claude Trichet later Thursday about how he views the effects of the rising euro, record inflation in the 15-nation euro zone and whether fears of a U.S. recession may cause the bank to lower its rates later this year. This news made a negative sentiment on the EUROPEAN MKT and they r trading in red.... Key support of Nifty 4800 - hold target 5000-5100 or above
Break and close below 4800 - More severe fall in the market.
SEL MFG.........BSE Code : 532886 (321.80)
Buy around 320 to 321 with Sl of 310 for a Target of 3 to 5% JUMP in Today's Trade.
ULTIMATE TARGET : 385+
SIKA INTERPLANT.......BSE Code : 523606 (71.10)
Buy around 72.50 to 73.50 with Sl of 65 for a Target of 12 to 15% Jump in Today's Trade.
STERLING ENTERPRISE (TRANSWORLD).....BSE Code : 508998 (147.35)
Buy around 145 to 146 with Sl of 135 for 5% UPPER-FILTER.
Financial Tech Fut : Buy with stop loss of 1895 . . . . . target of 1965, 1990 . . . .
Hindalco Fut :Buy with stop loss of 204 with target of 215, 218. . .
SRF Fut : Buy with target of 120, 124. . . . . . .Keep stop loss of 112 . . . .Weak global cues and inflationary concerns on the back of high oil prices could lead to a further correction in Indian equities. We expect weakness to persist with weak volumes and the Nifty could test 4800 on the downside. cong govt is talkin abt nuke deal too, and this may end up pre-elections... another major downside trigger in the making.HOPE U REMMME I TILD U IF NIFTY BREAK 5050 THN EXIT FROM ALL POSITION FROM LONG TERM SHORT TERM .........................IF NIFTY BREAK 4690 THN BLOOD BATH........MAY BE 4100.
US MKT CLOSED IN DEEP RED
As EUROPE WAS in RED (Due to intrest rates remaining unchanged by Bank of England)
Yesterday rally by the Asian Mkt was wiped out today,
All Asian mkt are trading low. We closed on Support levels of WEDNESDAY.
Mkt sentiment remains negative.
VOLATILE SESSION....
AVOID TRADING FOR THE TIME BEING. Oil prices hit a record $105.10 a barrel Thursday, a day after a surprise drop in U.S. crude supplies and a decision by OPEC not to boost production. The European Central Bank and the Bank of England each left their key interest rates steady on Thursday. The ECB left its benchmark interest at 4 percent, while the Bank of England held at 5.25 percent. Traders will be looking for clues from ECB president Jean-Claude Trichet later Thursday about how he views the effects of the rising euro, record inflation in the 15-nation euro zone and whether fears of a U.S. recession may cause the bank to lower its rates later this year. This news made a negative sentiment on the EUROPEAN MKT and they r trading in red.... Key support of Nifty 4800 - hold target 5000-5100 or above
Break and close below 4800 - More severe fall in the market.
SEL MFG.........BSE Code : 532886 (321.80)
Buy around 320 to 321 with Sl of 310 for a Target of 3 to 5% JUMP in Today's Trade.
ULTIMATE TARGET : 385+
SIKA INTERPLANT.......BSE Code : 523606 (71.10)
Buy around 72.50 to 73.50 with Sl of 65 for a Target of 12 to 15% Jump in Today's Trade.
STERLING ENTERPRISE (TRANSWORLD).....BSE Code : 508998 (147.35)
Buy around 145 to 146 with Sl of 135 for 5% UPPER-FILTER.
Financial Tech Fut : Buy with stop loss of 1895 . . . . . target of 1965, 1990 . . . .
Hindalco Fut :Buy with stop loss of 204 with target of 215, 218. . .
SRF Fut : Buy with target of 120, 124. . . . . . .Keep stop loss of 112 . . . .Weak global cues and inflationary concerns on the back of high oil prices could lead to a further correction in Indian equities. We expect weakness to persist with weak volumes and the Nifty could test 4800 on the downside. cong govt is talkin abt nuke deal too, and this may end up pre-elections... another major downside trigger in the making.HOPE U REMMME I TILD U IF NIFTY BREAK 5050 THN EXIT FROM ALL POSITION FROM LONG TERM SHORT TERM .........................IF NIFTY BREAK 4690 THN BLOOD BATH........MAY BE 4100.