Thursday, January 6, 2011

MARKET VIEW FOR 7TH JANUARY 2010

NIFTY REMAINED WEAK THROUGHOUT THE DAY AFTER OPENING POSITIVE LED BY THE SELLING IN BANK, AUTO, CEMENT AND ALL OTHER SECTORS EXCEPT I.T. SHORTING TOOK PLACE IN NIFTY & STOCK FUTURES ( ESPECIALLY BANKING & AUTO STOCKS)
HOWEVER RELIANCE & FMCG STOCKS DIDN'T LOST THE GROUND.


TODAY NIFTY MAY FIND THE SUPPORT AT 5980-6020. BREAK BELOW THIS MAY BRING FURTHER WEAKNESS TO 5940 & 5900. BUT 5980-6020 REMAINS STRONG SUPPORT. NEXT WEEK LOOKS BETTER WHERE I.T. MAJOR INFOSYS WILL DELIVER ITS RESULT ON 13TH JANUARY. MARKET WILL TAKE CUE FROM THE RESULT AND SET NEW DIRECTION FROM THEREON. SHORTING AT THESE LEVEL FOR FALL BELOW 6000 IS NOT A GOOD IDEA AS CHANCES OF RECOVERY BACK TO 6100-6180 REMAINS THERE. FOR TRADING & INVESTMENT ONE HAS TO LOOK FOR I.T. & FMCG SECTORS, WHERE THERE WILL BE MORE RISE BOTH IN SHORT & LONG TERM.


NIFTY AND NIFTY OPTIONS SHALL BE AVOIDED AS OF NOW FOR TRADING AND FOCUS ON STOCKS TO BE BOUGHT BOTH FOR INTRADAY & DELIVERY(ASTROLOGICAL ANALYSIS):


FIRST HALF MAY BE BEARISH & SECOND HALF SHALL BE BULLISH IN THE MARKET TODAY. SO BUY ON FALL TO SELL AT THE END OR BY NEXT WEEK.


1. INFOSYS 3477 TGT 3500-3540-3580-3620 IN SHORT TERM BUY ON DIPS ALSO


2. TCS (1181) TGT 1210-1228-1280 IN SHORT TERM. BUY ON DIPS ALSO+++++++++


3. BANK OF BARODA (843) TGT 880-900 IN SHORT TERM. BUY ON DIPS. ONE CAN PICK THIS BANK FOR MEDIUM TO LONG TERM ALSO. TGT 1500+++++


4. ITC (179) TGT 180-184-188-193-198-200-220 IN SHORT TERM. THIS STOCK IS IN VERGE OF BREAKOUT. BUY AND TRADE IN THIS STOCK. MEDIUM TERM TGT 250


5. HINDUNILEVER (320) TGT 324-328-332-340 TGT IN SHORT TERM. THIS STOCK IS IN VERGE OF BREAKOUT. BUY AND TRADE IN THIS STOCK. MEDIUM TERM TGT 400


6. HEXAWARE (120) TGT 124-126-131. BUY IN DELIVERY FOR NEXT 10-12 DAYS. TGT 150+++


7. RELIANCE IND (1085) TGT  1099-1105-1111 BUY THIS STOCK ON EVERY FALL WITH SL AT 1050.


8. PETRONET LNG (124) TGT 128-132-136-140 VERY POSITIVE BIAS FOR THIS STOCK IN SHORT TERM. BUY CALL OPTION OF THIS STOCK. CE140 @1 TGT 2.5


9. GUJRAT FLORO (239) TGT 250-280-300+++++ VERY BULLISH. ASLO RECOMMENDED FEW DAYS BACK AT 221


10. BRFL (206) TGT 220-230-248 IN SHORT TERM


PLEASE ALSO KEEP ON TRACKING PREVIOUS RECOMMENDATIONS IN DELIVERY BUY/SELL.



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.