THERE HAS BEEN CONTINUOUS FALL IN THE MARKET FOR LAST TWO MONTHS. NIFTY & SENSEX HAVE BROKEN ALL MAJOR SUPPORTS. DUE TO FIIs SELLING AND DIIs LACKING IN BUY THERE HAS BEEN CONTINUOUS OUTFLOW OF FUNDS FROM THE MARKET & COUNTRY. FLOW IN OF FUNDS WHICH HAS STARTED DUE TO LIQUIDITY OF FUNDS HAVE NOW DRIED UP AND NOW THERE IS OUTFLOW TO THE FUNDS, WHICH IS CLEARLY WITNESSED BY THE FAILURE TO GETTING SUPPORT, ALL MAJOR SUPPORTS HAVE NOW BEEN BROKEN.
NOW FOR THE COMING WEEK IF NIFTY SUSTAINS ABOVE THE 200 DMA ( 5590-5620) THEN THERE WILL BE SHORT COVERING WHICH MAY TAKE IT TO 5620-50-5700++ ELSE 5400-5360-5240 WILL BE SEEN. IT IS IMPORTANT TO NOTE THAT AS THERE IS NO SIGN OF THE INFLOW OF FUNDS THE MARKET WILL WITNESS MORE INTENSIVE SELLING IN DAYS TO COME AND NIFTY WILL TEST 5200 VERY SOON. HENCE ANY RALLY SHOULD BE USED TO AT LEAST GET OUT OF THE STOCKS AND LONG POSITIONS IF NO SHORT POSITION IS MADE.
ASTROLOGICALLY MARKETS ARE WEEK AND THE EFFECT OF ECLIPSE WILL BE FELT TILL 15TH MARCH 2011 BY THEN MARKET MAY TEST 16700-16400-16100 OR 5040-4900-4750. GIVING BEST BUYING OPPORTUNITY FOR NEXT RALLY TO START FROM AUGUST & SEPTEMBER 2011. HENCE ONE SHOULD EITHER SIT ON CASH ONLY.
WEEKLY RANGE (31ST JANUARY TO 4TH FEBRUARY) SHALL BE 5400-5700 AND BREAK ON EITHER SIDE SHALL BRING 150 POINTS MOVEMENT. HENCE ONE SHOULD TRADE ACCORDINGLY. FOR THE WEEK FOLLOWING STOCKS HAVE BEEN RECOMMENDED FOR SHORTING WITH STRICT STOP LOSS. TRADE IN FUTURE SEGMENT RATHER THAN INTRA-DAY POSITION IN CASH.
SHORT SESAGOA(330)ON RISE AROUND 336-338 SL 244 T-320-316-310-300-288 (CLOSING BASIS)
SHORT HIND UNILEVER (273) ON RISE AROUND 280-290 SL 298 T-265-258-250 (CLOSING BASIS)
SHORT TATASTEEL(635) ON RISE AROUND 650-660-670 SL 680 T-620-600-580 (CLOSING BASIS)
SHORT PNB(1093) ON RISE AROUND 1100-1110 SL 1120 T-1060-1040-1000 (CLOSING BASIS)
SHORT HINDALCO (223) ON RISE AROUND 225-228 SL 233 T-215-210-204-190 (CLOSING BASIS)
NOW FOR THE COMING WEEK IF NIFTY SUSTAINS ABOVE THE 200 DMA ( 5590-5620) THEN THERE WILL BE SHORT COVERING WHICH MAY TAKE IT TO 5620-50-5700++ ELSE 5400-5360-5240 WILL BE SEEN. IT IS IMPORTANT TO NOTE THAT AS THERE IS NO SIGN OF THE INFLOW OF FUNDS THE MARKET WILL WITNESS MORE INTENSIVE SELLING IN DAYS TO COME AND NIFTY WILL TEST 5200 VERY SOON. HENCE ANY RALLY SHOULD BE USED TO AT LEAST GET OUT OF THE STOCKS AND LONG POSITIONS IF NO SHORT POSITION IS MADE.
ASTROLOGICALLY MARKETS ARE WEEK AND THE EFFECT OF ECLIPSE WILL BE FELT TILL 15TH MARCH 2011 BY THEN MARKET MAY TEST 16700-16400-16100 OR 5040-4900-4750. GIVING BEST BUYING OPPORTUNITY FOR NEXT RALLY TO START FROM AUGUST & SEPTEMBER 2011. HENCE ONE SHOULD EITHER SIT ON CASH ONLY.
WEEKLY RANGE (31ST JANUARY TO 4TH FEBRUARY) SHALL BE 5400-5700 AND BREAK ON EITHER SIDE SHALL BRING 150 POINTS MOVEMENT. HENCE ONE SHOULD TRADE ACCORDINGLY. FOR THE WEEK FOLLOWING STOCKS HAVE BEEN RECOMMENDED FOR SHORTING WITH STRICT STOP LOSS. TRADE IN FUTURE SEGMENT RATHER THAN INTRA-DAY POSITION IN CASH.
SHORT SESAGOA(330)ON RISE AROUND 336-338 SL 244 T-320-316-310-300-288 (CLOSING BASIS)
SHORT HIND UNILEVER (273) ON RISE AROUND 280-290 SL 298 T-265-258-250 (CLOSING BASIS)
SHORT TATASTEEL(635) ON RISE AROUND 650-660-670 SL 680 T-620-600-580 (CLOSING BASIS)
SHORT PNB(1093) ON RISE AROUND 1100-1110 SL 1120 T-1060-1040-1000 (CLOSING BASIS)
SHORT HINDALCO (223) ON RISE AROUND 225-228 SL 233 T-215-210-204-190 (CLOSING BASIS)
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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