Thursday, January 13, 2011

MARKET VIEW FOR 14TH JANUARY 2011

NIFTY WITNESSED HUGE VOLATILITY AND FELL BELOW 5800 ON INFOSYS RESULT AND ALSO SELL OFF IN BANKS FINALLY CLOSING AT 5751.90 AFTER TOUCHING LOWS OF 5736.70


NOW TODAY IS VERY CRUCIAL FOR DIRECTIONAL MOVE. IF NIFTY SUSTAINS ABOVE 5750 AND MOVES TO CLOSE ABOVE 5820-30-60 THEN THIS UP MOVE WILL NOT BE DECEPTIVE AND THERE WILL BE MORE UPSIDE MOVE TILL 5940-6000 OR EVEN TO 6040-6100 HOWEVER ANY MOVE BELOW 5680 AND CLOSE BELOW 5700 WILL BE NEGATIVE FOR MARKET AND IT WILL GO DOWN VERY SWIFTLY TO 5600 OR EVEN 5500


OPTIONS DATA SUGGEST THAT THE NIFTY WILL BE IN A RANGE OF 5700-5850 BREAKOUT OF THIS RANGE SHALL BRING AT LEAST 200 POINTS MOVE ON EITHER SIDE. HOWEVER ENDING OF THE JANUARY SERIES BELOW 5700 AND ABOVE 6000 IS NOT SEEN AT THIS POINT OF TIME. OPTION DATA AT THE LAST WEEK OF THE SETTLEMENT SHALL GIVE BETTER VIEW FOR SETTLEMENT.


ASTROLOGICALLY: MARKETS WILL TAKE TO HELP THE BULLS VERY SOON AND GIVE POSITIVE BREAKOUT.


BUY CE 5700, CE5800, CE5900 , CE6000 FOR FEBRUARY SERIES. THOSE WHO WISH TO PLAY FOR LOW COST/PRICE  SPECULATION SHOULD BUY JANUARY CE 5800, CE5900


STOCKS TO TRADE & BUY IN DELIVERY TODAY ARE:


BUY IB REALESTATE (125.85) TGT 128-130-134-136+++ ( PLAY INTRADAY SL 120)


BUY HAVELLS( 377.90) TGT 380-384-388-400++++ (FOR INTRADAY/DELIVERY)


SHORT MARUTI (1315): SL 1330 T-1250 ( INTRADAY)


BUY PETRONET (124) TGT 127-129-132++++ VERY SOON. HOLD CALL OPTIONS FOR NEXT WEEK


STOCKS WHICH SHALL MOVE POSITIVE TODAY ARE:


HLL , ITC, PETRONET, HDFC, RANBAXY, INFOSYS & RELIANCE


STOCK WHICH MAY BE NEGATIVE TODAY:


MARUTI




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.


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