Thursday, December 23, 2010

MARKET AS ON 23 DECEMBER 2010

WORLD MARKETS ARE PERFORMING BETTER IN COMPARISON TO OUR MARKETS SO THE MOST LIKELY SCENARIO THAT WE MAY SEE CONSOLIDATION AROUND THE CURRENT LEVELS WHICH INDEED IMPORTANT FOR THE UPHOLDING THE SHORT TERM REVERSAL.


HENCE THERE WILL BE NOT MUCH BENEFICIAL TO TRADE TODAY


 NIFTY(SPOT) HAS RESISTANCE AT 6015 & 6040. THE BROAD RANGE OF THE MARKET SHALL BE 5950-6040. HOWEVER TODAY THE STOCKS WILL SHOW MORE MOVEMENTS THAN NIFTY. NIFTY MAY MOVE IN A NARROW RANGE BUT THE STOCKS ( LARGECAP, MIDCAP) SHALL BE KEEP PERFORMING ON SELECTIVE BASIS.

A WEEK BACK WE HAVE RECOMMENDED TO INVEST IN FERTILIZER & SUGAR STOCKS. SUGAR STOCKS LOOK VERY GOOD FOR 50% TO 70% UPSIDE FROM THE CURRENT MARKET PRICE. HENCE BUY SUGAR STOCKS TO HOLD TILL BUDGET


BUY THE NIFTY CALL OPTIONS FOR JANUARY SERIES & STOCK CALL OPTIONS IN  SESAGOA, CHAMBAL FERTILISER, BAJAJ HIND ETC


Safe Harbor Statement:
Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints.Nothing in this article is, or should be construed as, investment advice.

Disclaimer: 

This is neither an offer nor a solicitation to purchase or sell securities. The information and views contained on this blog are believed to be reliable, but no responsibility (or liability) is accepted for errors of fact or opinion. Writers and contributors may be trading in, or have positions in the securities mentioned in their articles. Neither I (Vikas Srivastava) nor any of the contributors accepts any liability arising out of use of the above information/article. Reproduction in whole or in part without written permission is prohibited.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.