Alert Messages

“24-05-2010 08:59:00Global Indices: DOW:10193.39(+125.38); Nasdaq:2229.04(+25.03); HangSeng:19684.59(+38.33),

Nikkei:9756.72(-27.82),SGXNifty:4991(+64)..Karvy F&O Desk Hyd.”

“24-05-2010 08:59:00BSE EQUITIES MARKET OPENED ”

“24-05-2010 08:59:01Options Exercise is now open for contracts in Normal market for 24 MAY 2010.”

“24-05-2010 08:59:01Options Exercise is now open for contracts in Normal market for 24 MAY 2010.”

“24-05-2010 08:59:01The Normal market has opened.”

“24-05-2010 08:59:01The Normal market has opened.”

“24-05-2010 08:59:01MV1: Trade short if Nifty fails to breach 5000, with SL at 5020 for tgts of 4980 and 4950.

Trade long from lower levels of 4950 targeting higher resistances.

MV2:Key supports: 4950/4920

Key resistances: 5000/5020

Positive Sector: Pharma

Negative Sector: Metals

Stocks in Ban: ABAN, Balrampur Chini and Fortis..Karvy F&O Desk Hyd.”

“24-05-2010 08:59:10MV1: Trade short if Nifty fails to breach 5000, with SL at 5020 for tgts of 4980 and 4950.

Trade long from lower levels of 4950 targeting higher resistances.

MV2:Key supports: 4950/4920

Key resistances: 5000/5020

Positive Sector: Pharma

Negative Sector: Metals

Stocks in Ban: ABAN, Balrampur Chini and Fortis..Karvy F&O Desk Hyd.”

“24-05-2010 09:08:50USDINR May: Dip below 46.76 could pull it down further to 46.65/46.55 or even to 46.35 as an extreme case. Resistance at 47.10 could cap premature upside attempts.”

“24-05-2010 09:08:50USDINR May: Dip below 46.76 could pull it down further to 46.65/46.55 or even to 46.35 as an extreme case. Resistance at 47.10 could cap premature upside attempts.”

“24-05-2010 09:08:55EURINR May: Supports at 58.45 followed by 58.20 expected to hold for a test of 59.00 or even higher to 59.65. ”

“24-05-2010 09:09:00EURINR May: Supports at 58.45 followed by 58.20 expected to hold for a test of 59.00 or even higher to 59.65. ”

“24-05-2010 09:09:05GBPINR May: Resistanceat 67.85 followed by 68.30 to cap for a decline towards 66.95-67.00 levels”

“24-05-2010 09:09:05GBPINR May: Resistanceat 67.85 followed by 68.30 to cap for a decline towards 66.95-67.00 levels”

“24-05-2010 09:14:21KALECONSUL: Call intd @ 118.30 on 21/05. Cmp: 123 !!! Tgts: 127-130”

“24-05-2010 09:16:49Buy HITACHIHOM: 292; SL: 287; Tgts: 303-305; TF: 3-5 days”

“24-05-2010 09:19:57KALECONSUL: Call intd @ 118.30 on 21/05. Cmp: 124 !!! ”

“24-05-2010 09:21:11Buy GESHIP: 281.90; SL: 276; Tgts: 290-294; TF: 4-6 days”

“24-05-2010 09:24:03Buy ONMOBILE: Cmp: 291; SL: 285.50; Tgts: 300-303; TF: 3-5 days”

“24-05-2010 09:45:27RIIL: 797; SL: 791; Tgts: 810-813; Intraday”

“24-05-2010 09:46:03Intraday Stock Futures: Buy Tata Motors May Fut @ 730-732 SL: 725(Spot) TF: Intraday….Karvy F&O Desk Hyd.”

“24-05-2010 09:46:03Intraday Stock Futures: Buy Tata Motors May Fut @ 730-732 SL: 725(Spot) TF: Intraday….Karvy F&O Desk Hyd.”

“24-05-2010 09:46:08Intraday Stock Futures: Sell Tata Steel May Fut @ 522-523 SL: 528(Spot) TF: Intraday….Karvy F&O Desk Hyd.”

“24-05-2010 09:49:50Buy MADHUCON: 151; SL: 145.50; Tgts: 160-164; TF: 4-5 days”

“24-05-2010 09:51:06Buy JAICORP: Cmp: 233.50; SL: 228; Tgts: 242-245; TF: 3-4 days”

“24-05-2010 09:52:13USDINR MaY; Some overdone indications seen..Can try buying intra-day at cmp s/l 46.60 tgt 46.76”

“24-05-2010 09:53:58Buy JUBLFOOD: Cmp: 285.40; SL: 279.50; Tgts: 293-296; Intraday”

“24-05-2010 09:54:55ONMOBILE: Call intd @ 291. CMP: 295.90 !! Tgts: 302-303”

“24-05-2010 10:06:25JUBLFOOD: Intraday call intd @ 285.40. Cmp: 292 !!”

“24-05-2010 10:08:12Buy SKFINDIA: Cmp: 461.50; SL: 455; Tgts: 480-485; TF: 5-7 days”

“24-05-2010 10:12:05Intraday Fut: Buy Infosys May fut @2578-2580 SL:2565 TF- Intraday…. Karvy F&O Desk ”

“24-05-2010 10:13:20Buy NBVENTURES: Cmp: 425; SL: 419; Tgts: 435-440; TF: 5-8 days”

“24-05-2010 10:16:48Buy SPARC: 92; SL; 89; Tgts: 97-100; TF: 7-10 days”

“24-05-2010 10:19:45SPARC: Call given @ 92. Cmp: 94.25 !! Tgts: 100-102”

“24-05-2010 10:21:20SPARC: Call given @ 92. Cmp: 95 !!! ”

“24-05-2010 10:28:45Buy TATAELXSI: Cmp: 260.45; SL: 255; Tgts: 270-275; TF: 3-5 days”

“24-05-2010 10:43:27BSE EQUITIES MARKET OPENED ”

“24-05-2010 11:10:06Europe expected topopen neutral”

“24-05-2010 11:10:06Europe expected topopen neutral”

“24-05-2010 11:12:12EURINR May: Support will be at 58.10-15 levels. while this holds we expect a gradual move up towards 58.75 at least.”

“24-05-2010 11:12:52CHOLADBS: Call given @ 130 on 21 CMP: 135 !!!!”

“24-05-2010 11:13:22EURINR May: Support will be at 58.10-15 levels. while this holds we expect a gradual move up towards 58.75 at least.”

“24-05-2010 11:16:53HITACHIHOM: 295 !! Accumulate for Tgts: 303-305”

“24-05-2010 11:18:38Buy MPHASIS: Cmp: 645.65; SL: 639.50; Tgts: 655-658; TF: 4-5 days”

“24-05-2010 11:19:23USDINR May: Book part t/p for buy call given in the morning at 46.63 at cmp-46.71.”

“24-05-2010 11:19:28USDINR May: Book part t/p for buy call given in the morning at 46.63 at cmp-46.71.”

“24-05-2010 11:20:08GESHIP: Call intd @ 281.90. Cmp: 286.30 !!”

“24-05-2010 11:27:36CHOLADBS: Call given @ 130 on 21/05 CMP: 139 !!!”

“24-05-2010 11:30:46Buy HAVELLS: 570; SL: 564; Tgts: 580-585; TF: 2-3 days”

“24-05-2010 11:43:50USDINR May: Stanchart IPO, Increasing FII Limit and 3G flows will continue to pressure Rupee…Good levels to sell will be 46.85 and 47.05…we expect a fall subsequently to 46.55 or even lower to 46.35”

“24-05-2010 11:43:50USDINR May: Stanchart IPO, Increasing FII Limit and 3G flows will continue to pressure Rupee…Good levels to sell will be 46.85 and 47.05…we expect a fall subsequently to 46.55 or even lower to 46.35”

“24-05-2010 11:55:02Nifty Index Futures: Sell Nifty May Fut @ 5006-5010 SL: 5025(Spot) Tgt: 4976-4980 TF: Intraday….Karvy F&O Desk Hyd.

MINI-Nifty Index Futures: Sell MINI-Nifty May Fut @ 5006-5010 SL: 5025(Spot) Tgt: 4976-4980 TF: Intraday….Karvy F&O Desk Hyd.”

“24-05-2010 11:57:22Buy TIPSIND: Cmp: 43.80; SL: 41; Tgts: 48-50; TF; 5-7 days”

“24-05-2010 12:00:02Buy CROMPGREAV: 237; SL; 232; Tgts: 245-248; TF: 4-5 days”

“24-05-2010 12:03:20Intraday Fut: Book Profits in Infosys May fut long recomm @2600-2602…..Karvy F&O Desk”

“24-05-2010 12:10:10MPHASIS: Call intd @ 645.65. Cmp: 651.50 !!!”

“24-05-2010 12:11:15HITACHIHOM: Call intd @ 292. CMP: 299 !!!”

“24-05-2010 12:17:36ONMOBILE: Call intd @ 291. CMP: 300 !!!”

“24-05-2010 12:20:07

Intraday Fut: Book Profits in Tata Motors May fut long recomm @739-741…..Karvy F&O Desk”

“24-05-2010 12:20:32Buy MHRIL: Cmp: 481; SL: 475; Tgts: 495-500; TF; 3-5 days”

“24-05-2010 12:32:40Nifty Index Futures: Exit Nifty May Fut @ 5018-5022….Karvy F&O Desk Hyd.

MINI-Nifty Index Futures: Exit MINI-Nifty May Fut @ 5018-5022….Karvy F&O Desk Hyd.”

“24-05-2010 12:33:00Intraday Fut: Buy HDFC May fut @2684-2686 SL:2670 Tf- Intraday…. Karvy F&O Desk”

“24-05-2010 12:37:00GESHIP: Call intd @ 281.90. Cmp: 290 !!!”

“24-05-2010 13:01:51Intraday Stock Futures: Buy Reliance May Fut @ 1032-1034 SL: 1022(Spot) TF: Intraday….Karvy F&O Desk Hyd.”

“24-05-2010 13:26:14

Intraday Fut: Sell JSW Steel May fut @ 1195-1197 SL: 1102 TF- Intraday… karvy F&O Desk”

“24-05-2010 13:27:04Intraday Stock Futures: Book Profits in Tata Steel May Fut Short @ 514-515….Karvy F&O Desk Hyd.”

“24-05-2010 13:33:36Intraday Fut: Book Profits in JSW Steel May fut short recomm @1182-1185..Karvy F&O Desk”

“24-05-2010 14:11:21USDINR May: Holding steady at 46.75 levels…Should find strong res here..else it could edge up to 46.85-87 ”

“24-05-2010 14:11:21USDINR May: Holding steady at 46.75 levels…Should find strong res here..else it could edge up to 46.85-87 ”

“24-05-2010 14:23:59Sell Nifty Jun 5100 CE @ 85-87; Tgt: 28-30; SL: 5220(spot) TF: 18-20 days…Karvy F&O Desk”

“24-05-2010 14:59:14Intraday Stock Futures: Exit Reliance May Fut Logn @ 1022-1023….Karvy F&O Desk Hyd.”

“24-05-2010 15:07:59

Intraday Fut: Exit HDFC May fut long recomm @2673-2676….Karvy F&O Desk”

“24-05-2010 15:16:04USDINR May: Can try selling at 46.85 with small stop at 46.90 tgt 46.74”

“24-05-2010 15:16:09USDINR May: Can try selling at 46.85 with small stop at 46.90 tgt 46.74”

“24-05-2010 15:28:35The Normal market has closed for 24 MAY 2010.”

“24-05-2010 15:28:35The Normal market has closed for 24 MAY 2010.”

“24-05-2010 15:28:35The Normal market has closed.”

“24-05-2010 15:28:35The Normal market has closed.”

“24-05-2010 15:28:40BSE EQUITIES MARKET CLOSED ”

“24-05-2010 15:29:05BSE EQUITIES MARKET CLOSED ”

“24-05-2010 15:38:39BSE EQUITIES MARKET OPENED ”

“24-05-2010 15:38:54BSE EQUITIES MARKET OPENED ”

“24-05-2010 15:48:34The Closing Session has opened.”

“24-05-2010 15:48:34The Closing Session has opened.”

“24-05-2010 15:58:35The Closing Session has closed.”

“24-05-2010 15:58:35The Closing Session has closed.”

“24-05-2010 15:59:35BSE EQUITIES MARKET CLOSED ”

“24-05-2010 16:23:12The Exercise – Normal market has reopened.”

“24-05-2010 16:23:12The Exercise – Normal market has reopened.”

“24-05-2010 16:28:32Options Exercise is now closed for contracts in Normal market for 24 MAY 2010.”

“24-05-2010 16:28:32Options Exercise is now closed for contracts in Normal market for 24 MAY 2010.”

Market Indices for 25-05-2010

NSE 24-May-10 25-May-10
Index Open High Low Last range S3 S2 S1 pp R1 R2 R3
S&P CNX NIFTY 4944.30 5029.55 4923.45 4943.95 106.1 4753.45 4859.55 4901.75 4965.65 5007.85 5071.75 5177.85
CNX NIFTY JUNIOR 10555.80 10687.45 10474.85 10497.7 212.6 10128.13 10340.73 10419.22 10553.33 10631.82 10765.93 10978.53
CNX IT 5622.70 5702.45 5622.65 5638.5 79.8 5494.93 5574.73 5606.62 5654.53 5686.42 5734.33 5814.13
BANK NIFTY 9524.50 9524.50 9044.55 9087.25 479.95 8258.87 8738.82 8913.03 9218.77 9392.98 9698.72 10178.67
CNX 100 4978.20 4998.10 4897.15 4913.45 100.95 4734.33 4835.28 4874.37 4936.23 4975.32 5037.18 5138.13
S&P CNX DEFTY 3649.35 3736.95 3641.75 3659.6 95.2 3489.03 3584.23 3621.92 3679.43 3717.12 3774.63 3869.83
S&P CNX 500 4159.95 4177.10 4098.75 4110.8 78.35 3972.18 4050.53 4080.67 4128.88 4159.02 4207.23 4285.58
CNX MIDCAP 7688.55 7714.85 7572.85 7588.65 142 7341.45 7483.45 7536.05 7625.45 7678.05 7767.45 7909.45
NIFTY MIDCAP 50 2611.95 2661.40 2597.8 2607.8 63.6 2495.13 2558.73 2583.27 2622.33 2646.87 2685.93 2749.53
                         
SENSEX  16494.61 16757.73 16413.03 16469.55 344.7 15857.37 16202.07 16335.81 16546.77 16680.51 16891.47 17236.17
MIDCAP  6731.13 6829.00 6671.75 6689.81 157.25 6415.69 6572.94 6631.37 6730.19 6788.62 6887.44 7044.69
SMLCAP  8450.54 8614.44 8445.33 8466.94 169.11 8170.68 8339.79 8403.37 8508.90 8572.48 8678.01 8847.12
BSE-100  8904.87 8939.06 8758.12 8785.05 180.94 8465.53 8646.47 8715.76 8827.41 8896.70 9008.35 9189.29
BSE-200  2118.78 2128.31 2086.08 2092.07 42.23 2017.69 2059.92 2076.00 2102.15 2118.23 2144.38 2186.61
BSE-500  6678.02 6714.89 6583.73 6602.48 131.16 6371.38 6502.54 6552.51 6633.70 6683.67 6764.86 6896.02
BSE IPO  1982.95 2015.62 1970.75 1975.02 44.87 1897.39 1942.26 1958.64 1987.13 2003.51 2032.00 2076.87
BSE Sectoral Indices                        
OIL&GAS  9990.61 10052.75 9800.04 9839.21 252.71 9391.91 9644.62 9741.92 9897.33 9994.63 10150.04 10402.75
POWER  2966.65 2999.48 2948.99 2955.63 50.49 2867.05 2917.54 2936.59 2968.03 2987.08 3018.52 3069.01
CG  13517.02 13678.05 13482.68 13532.58 195.37 13173.70 13369.07 13450.82 13564.44 13646.19 13759.81 13955.18
TECk  3093.71 3130.13 3084.47 3092.19 45.66 3010.94 3056.60 3074.40 3102.26 3120.06 3147.92 3193.58
IT  5071.04 5120.97 5050.57 5063.98 70.4 4937.71 5008.11 5036.04 5078.51 5106.44 5148.91 5219.31
CD  4593.89 4676.16 4567.42 4589.47 108.74 4393.54 4502.28 4545.87 4611.02 4654.61 4719.76 4828.50
HC  5314.62 5334.59 5258.20 5270.82 76.39 5135.09 5211.48 5241.15 5287.87 5317.54 5364.26 5440.65
PSU  8934.72 8953.84 8792.08 8813.58 161.76 8529.65 8691.41 8752.49 8853.17 8914.25 9014.93 9176.69
FMCG  2901.32 2912.98 2852.33 2866.44 60.65 2755.95 2816.60 2841.52 2877.25 2902.17 2937.90 2998.55
BANKEX  10520.38 10558.22 10301.22 10336.77 257 9884.74 10141.74 10239.25 10398.74 10496.25 10655.74 10912.74
AUTO  7488.27 7551.01 7306.65 7337.07 244.36 6909.52 7153.88 7245.48 7398.24 7489.84 7642.60 7886.96
METAL  15173.71 15248.91 14650.60 14722.15 598.31 13677.27 14275.58 14498.86 14873.89 15097.17 15472.20 16070.51
REALTY  3058.06 3077.97 2925.89 2941.79 152.08 2677.72 2829.80 2885.80 2981.88 3037.88 3133.96 3286.04
BSE Dollex Indices                        
DOLLEX-30  2922.46 2949.90 2876.77 2886.12 3100.82 -3297.38 -196.56 2858.63 2904.26 2931.76 6005.08 9105.90
DOLLEX-100  1962.10 1982.94 1934.09 1939.83 2075.25 -2198.21 -122.96 1921.63 1952.29 1970.48 4027.54 6102.79
DOLLEX-200  751.34 759.82 741.4 743.45 789.75 -831.28 -41.53 736.63 748.22 755.05 1537.97 2327.72

Pivot Point for 25-05-2010

25-May-10 Pivot Point NSE
Symbol   LTP S3 S2 S1 Pivot Point R1 R2 R3
ABB 829.05 814.17 820.82 824.93 827.47 831.58 834.12 840.77
ACC 855.15 807.67 833.72 844.43 859.77 870.48 885.82 911.87
AMBUJACEM 111.20 87.18 99.33 105.27 111.48 117.42 123.63 135.78
AXISBANK 1198.35 1110.15 1159.85 1179.10 1209.55 1228.80 1259.25 1308.95
BHARTIARTL 266.05 250.80 258.85 262.45 266.90 270.50 274.95 283.00
BHEL 2301.90 2215.53 2263.43 2282.67 2311.33 2330.57 2359.23 2407.13
BPCL 559.75 531.32 545.92 552.83 560.52 567.43 575.12 589.72
CAIRN 278.65 263.28 271.58 275.12 279.88 283.42 288.18 296.48
CIPLA 313.35 294.62 305.32 309.33 316.02 320.03 326.72 337.42
DLF 263.40 228.62 248.27 255.83 267.92 275.48 287.57 307.22
GAIL 451.75 432.40 442.45 447.10 452.50 457.15 462.55 472.60
GRASIM 2394.90 2186.63 2305.63 2350.27 2424.63 2469.27 2543.63 2662.63
HCLTECH 371.00 333.42 350.67 360.83 367.92 378.08 385.17 402.42
HDFCBANK 1824.55 1721.47 1777.92 1801.23 1834.37 1857.68 1890.82 1947.27
HINDALCO 145.60 125.58 137.03 141.32 148.48 152.77 159.93 171.38
HDFC 2664.10 2493.12 2590.87 2627.48 2688.62 2725.23 2786.37 2884.12
HEROHONDA 1893.15 1793.12 1837.92 1865.53 1882.72 1910.33 1927.52 1972.32
HINDUNILVR 231.70 216.15 224.30 228.00 232.45 236.15 240.60 248.75
ICICIBANK 832.10 619.70 744.30 788.20 868.90 912.80 993.50 1118.10
IDEA 52.20 48.55 50.60 51.40 52.65 53.45 54.70 56.75
IDFC 150.25 140.13 145.78 148.02 151.43 153.67 157.08 162.73
INFOSYSTCH 2600.40 2501.72 2552.47 2576.43 2603.22 2627.18 2653.97 2704.72
ITC 268.05 249.80 259.75 263.90 269.70 273.85 279.65 289.60
JINDALSTEL 648.25 616.33 631.98 640.12 647.63 655.77 663.28 678.93
JPASSOCIAT 118.80 108.95 114.30 116.55 119.65 121.90 125.00 130.35
LT 1631.40 1566.83 1599.53 1615.47 1632.23 1648.17 1664.93 1697.63
M&M 529.20 440.85 491.80 510.50 542.75 561.45 593.70 644.65
MARUTI 1215.65 1118.55 1172.55 1194.10 1226.55 1248.10 1280.55 1334.55
NTPC 198.20 191.48 194.73 196.47 197.98 199.72 201.23 204.48
ONGC 1082.00 986.25 1041.00 1061.50 1095.75 1116.25 1150.50 1205.25
PNB 982.70 928.40 959.90 971.30 991.40 1002.80 1022.90 1054.40
POWERGRID 102.75 99.07 101.02 101.88 102.97 103.83 104.92 106.87
RANBAXY 412.85 373.12 395.02 403.93 416.92 425.83 438.82 460.72
RCOM 147.90 117.55 131.40 139.65 145.25 153.50 159.10 172.95
RELCAPITAL 672.75 591.08 632.98 652.87 674.88 694.77 716.78 758.68
RELIANCE 1022.65 964.35 996.85 1009.75 1029.35 1042.25 1061.85 1094.35
RELINFRA 1048.40 850.38 951.83 1000.12 1053.28 1101.57 1154.73 1256.18
RPOWER 149.65 113.72 131.92 140.78 150.12 158.98 168.32 186.52
SAIL 200.20 180.52 191.47 195.83 202.42 206.78 213.37 224.32
SBIN 2231.20 2078.95 2167.00 2199.10 2255.05 2287.15 2343.10 2431.15
SIEMENS 673.95 620.15 644.85 659.40 669.55 684.10 694.25 718.95
STER 636.45 583.72 613.62 625.03 643.52 654.93 673.42 703.32
SUNPHARMA 1548.20 1454.40 1499.40 1523.80 1544.40 1568.80 1589.40 1634.40
SUZLON 58.80 54.02 56.67 57.73 59.32 60.38 61.97 64.62
TATAMOTORS 706.95 641.32 678.72 692.83 716.12 730.23 753.52 790.92
TATAPOWER 1244.40 1174.15 1211.60 1228.00 1249.05 1265.45 1286.50 1323.95
TATASTEEL 501.05 448.92 477.82 489.43 506.72 518.33 535.62 564.52
TCS 717.60 685.50 702.80 710.20 720.10 727.50 737.40 754.70
UNITECH 67.55 59.48 64.18 65.87 68.88 70.57 73.58 78.28
WIPRO 647.95 609.15 627.85 637.90 646.55 656.60 665.25 683.95

Support & Resistances for 25-05-2010

Support & Resistances for 25-05-2010
 
    SENSEX NIFTY FUTURE (May-2010)
    BANKNIFTY NIFTY
24-May-10 Open  16494.61 4944.30 9224.00 4990.00
High 16757.73 5029.55 9290.00 5023.00
Low 16413.03 4923.45 9031.20 4910.55
Close 16469.55 4943.95 9079.95 4931.05
LTP 16469.55 4943.95 9031.20 4911.90
Range 344.70 106.10 258.80 112.45
25-May-10 R3 17236.17 5177.85 9651.32 5179.77
R2 16891.47 5071.75 9392.52 5067.32
R1 16680.51 5007.85 9236.23 4999.18
PP 16546.77 4965.65 9133.72 4954.87
S1 16335.81 4901.75 8977.43 4886.73
S2 16202.07 4859.55 8874.92 4842.42
S3 15857.37 4753.45 8616.12 4729.97
 
R1/R2/R3: Resistance
PP: Pivot Point
S1/S2/S3: Supports

FOR THE DAY (24-05-2010)

FOR THE DAY: Domestic markets are likely to open on a positive note following the flattish Asian
indices. Traders are advised to trade short if Nifty fails to breach past 5000 levels targeting 4980 and
4950 levels with stop loss placed above 5020 levels. Alternatively trade long if Nifty finds support at
4950 levels with stop loss placed at 4920 levels targeting higher resistances.

FOR THE COMING WEEK (24-28, May 2010)

FOR THE COMING WEEK: Indices are likely to face resistance at the 16650-16900-17050/5000-5050-5100 levels. Any surge in the indices may see profit taking around the indicated resistances. Downside supports are placed at the 16350-16200-16000/4950-4900-4850 levels. Depending on the global cues we expect to see an upward recovery from the mentioned supports and the trades could be influenced by strong moves sectorally. Any move until the above mentioned resistances shall be utilized to exit from long positions and look out for a sustainable move. However, looking at the broader scenario we advise investors to play the broad range movement with caution and strict stop losses.