INDIA INFO (BUY) 129-130 (Target1)133 (Target2) 136 & 141 (Sl) 125
AREVA T & D (BUY) 368-370 (Target1)376 (Target2) 386 & 405 (Sl) 360
EDUCOMP (BUY) BELOW 3250 (Target1)3275 (Target2) 3325 & 3450 (Sl) 3220
The Nifty barely managed and recovered from day’s low and near term resistance levels to watch out for 4350. One can be positive when it crosses these levels.
Technical analysts expect the market to remain firm as long as the Nifty retains its support of 4,150. The 4,200 put has the highest open interest among all puts, which indicates that the Nifty has strong support at this level.
Realty space – Suzlon, Unitech, DLF and HDIL continued to attract market interest, as both price and open interest surged.
Foreign institutional investors were net buyers by Rs 51.95 crore, thanks to their higher buying in option segment.
US Markets rose 1% and Asian peers are trading at flat to positive zone.
We expect market to open at negative to flat zone and may end with flat to 1-2% gains.
Economic data will be announced today and likely to hold the markets .
Petrol and Diesel price hike will lead the Oil companies UP today. Education sector likely to continue momentum and watch out Core projects today.
Auto counters like M & M and Hero Honda to gain 4-5 % gains today.
Ahead of Railway budget accumulate BEML and Titagarh wagons.
Overall we advice members to be cautious and take longs with near stop loss.
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