MARKET'S INITIATIVE ON TUESDAY WILL DEPEND ON CO-OUTCOME OF US & ASIAN MARKET.HOPE,ATLEAST ASIAN MARKET CORRECT A BIT,SO WE CAN TAKE INTRADAY LONG POSITION.IF IT OPENS GAP DOWN AROUND 5150 LEVEL,THEN IT CAN BOUNCE FROM THERE TO 5180 LEVEL & IF TRADES CONTINUOUSLY ABV THAT THEN IT MAY GO UPTO 5207 LEVEL.REVERSE THE TREND IF IT OPENS AROUND 5202-07LEVEL.SOME PICS ARE:
(1)CROMPTON GREAVES:ABV 425 TGT 430-32 WEAK BLW 421
(2)TATA MOTORS:ABV 783.5 TGT 790-92 OR MORE----BLW 776 TGT 769-67 OR LESS
(3)RANBAXY:ABV 522 TGT 527-528----BLW 517 TGT 512-511
(4)KOTAK BANK:SELL BLW 802.5 TGT 794-92 STRONG ABV 812.
(5)NIFTY FUTURE:ABV 5192 TGT 5210-5225----BLW 5175 TGT 5155-5140.IF IT OPENS GAP UP OR DOWN THEN FIGURE OUT THE TRND IDEA ABT SHORT OR LONG.5155-40 LEVEL GOOD FOR LONG & 5207-5215(IF NOT SUSTAINED)GOOD FOR DAY REVERSAL.
ALSO KEEP AN EYE ON CENTURY TEXTILE ABV 510 FOR MOVE UPTO 515-517 MARK.
IN ALL ABV STOCKS DONT JUMP IN OPENING 2-3 MINUTES.LET IT SETTLE & DO WORK AS PER LEVEL.
HAPPY TRADING.
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