Thursday, January 6, 2011

MARKET VIEW FOR 6TH JANUARY 2010

NIFTY MADE A WEAK CLOSE AT THE END OF THE DAY AND THE FALL WAS MAINLY DUE TO BANKS & AUTO STOCKS, WHICH ARE HEAVILY SHORTED. NIFTY FELL BELOW 6080 AND CLOSED JUST BELOW 6080. ALREADY MENTIONED NOT TO FOCUS ON NIFTY AND NIFTY OPTIONS. ITS TIME TO FOCUS ON STOCK SPECIFIC MOVES.

NOTE ASTROLOGICALLY MARKETS WILL REBOUND TO NEW HIGHS IN JANUARY SERIES HENCE NO NEED OF WORRY OR PANIC ON FALL OR CORRECTION INSTEAD QUALITY STOCKS SHOULD BE BOUGHT TO REAP PROFITS WHEN NIFTY MOVES BACK.

TODAY MARKETS WILL BE VOLATILE AND THE RANGE OF THE NIFTY WILL BE 6030-40 TO 6120-30. MARKETS MAY CLOSE ON POSITIVE NOTE TODAY

FOLLOWING STOCKS HAVE BEEN IDENTIFIED AS BEST FOR TODAY IN TRADE AND DELIVERY:

1.  RALLIS  @ 1403 TGT 1440-1500-1600++++ 

2. HIND UNILEVER @ 326 TGT 332-338-342++++

3. TIME TECHNO @ 57.35 TGT 62-68-75++++++

4. STERLITE TECHNOLOGY @ 77.20 TGT 85-90-98-110++++ ( VERY POSITIVE )

5. SUVEN LIFE SCIENCES @24 TGT 27-32-40+++++ ( VERY POSITIVE ON THIS STOCK, NEWS FLOW EXPECTED, BUY IN HUGE QUANTITY, IRRESPECTIVE OF MARKET)


THOUGH IT MAINTAINED THAT THE MARKET IS UNDERTONE  BULLISH BUT THOSE WHO WANT TO SHORT THE STOCKS AND GO WITH THE CORRECTION FLOW AND EARN BY SHORTING SHOULD SHORT BANKING STOCKS LIKE ALLAHABAD BANK AND ICICI BANK ON EVERY RISE  KEEPING STOP LOSS ON THE CLOSING BASIS OF NIFTY AT 6140.

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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