THIS IS NOT NORMAL SELLING OR SHORTING BUT HUGE WITHDRAWAL OF FUNDS BY FIIs AND DIIs ALSO NOT PARTICIPATING TO BUY. THIS IS NOT GOOD INDICATOR FOR OUR MARKETS.
VARIOUS MACROECONOMIC HEADWINDS AND DOMESTIC INDICATORS CREATING A GLOOMY PICTURE AHEAD FOR NEXT 2-3 MONTHS. HENCE ONE SHOULD BE CAUTIOUS IN THE MARKETS IN THE NEAR TERM SAY TILL MARCH END. ONE SHOULD LOOK TO EXIT FROM THE MARKET AS & WHEN ONE GETS THE OPPORTUNITY ANY POINT BETWEEN 5800-6000, IF IT IS GOT.
FOR THIS WEEK: NIFTY WILL FORM BASE AROUND 5600-5500 AS THE OPTION DATA SUGGEST THAT HUGE SHORTING HAS TAKEN PLACE AT 5800. HENCE MARKET MAY NOT MOVE BELOW 5500 BUT ALSO NOT ABOVE 5800 IN NEAR TERM TILL FIIs STOP SELLING.
ASTROLOGICALLY MARKET WILL GIVE A CORRECTIVE RALLY TO EXIT FROM THE LONG POSITION.
NO RECOMMENDATION TO BUY ANY STOCK TILL SELLING STOPS AND FRESH BUYING EMERGES.
THIS WEEK VERY CRUCIAL TO WATCH FOR 5600( 200 DMA) & 5540 ON THE DOWNSIDE AND 5700-5750 & 5870 ON THE UPSIDE.
SHORTING OPPORTUNITY EXIST IN : ( FOR TODAY 17TH JANUARY 2011)
STERLITE (177.40) SL 181.90 T-171.80
BHEL (2195) SL 2250 T-2125
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.
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.
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