MARKET VIEW FOR A WEEK 10TH JANUARY 2011TO 14TH JANUARY 2011

IT WAS HEART BREAKING MOVE BY THE MARKET FOR THOSE HOLDING LONGS......................................


LOT OF PAIN IS  GIVEN BY SOLAR ECLIPSE OF 4TH JANUARY 2011 BUT WHERE IS THE DECEPTION??????????????????? WE WILL SOON SEE IT


IT WAS SUGGESTED NOT TO TAKE ANY POSITION IN THE OPTIONS AND NIFTY FUTURE TILL 5900 SO SAVED ON THAT FRONT BUT THE STOCKS HAVE TAKEN A KNOCK...........


NOW TECHNICALLY THERE ARE TWO VIEWS:


VIEW NO: 1 NIFTY WILL BE WEAK BELOW 5900 MARK ON CLOSING BASIS AND MARKETS WILL TEST 5850-5810-5790 LEVELS AND UPSIDE THEN WILL BE CAPPED TO 5900-5950-6020. THIS WILL BE VERY CRITICAL SITUATION AS MARKETS WILL THEN TAKE AT LEAST 2-3 MONTHS TO RECOVER AND THE SITUATION MAY BECOME GRIM AND GLOOMY. ALSO NIFTY MAY SLIDE DOWN TO 5600-5500 LEVELS AS MAJORITY OF THE ANALYST ARE PREDICTING 


VIEW NO: 2 NIFTY WILL SUSTAIN 5850-5810 LEVEL AND GRADUALLY COME BACK TO 6020-6080 LEVELS AND SUSTAIN ABOVE THESE LEVELS OPENING THE SPACE FOR 6100-6200-6300++ IN A VERY SHORT PERIOD OF TIME. NIFTY WILL ALSO MAKE NEW HIGHS AND CHEER THE TRADER BY FEB 1ST WEEK. NO ANALYST IS TALKING ABOUT BUYING FOR SHORT TERM AND SPEEDY MARKETS AHEAD.


ASTROLOGICALLY: MARKETS WILL BE HIGHLY UNPREDICTABLE IN THE MONTH OF JANUARY & FEBRUARY 2011 AS PREDICTED EARLIER. THERE WILL BE BOTH CHEER & DECEPTION IN THESE MONTHS. WHEN THERE WILL BE MAJOR VIEW OF BEARISHNESS ( THAT MARKET WILL BREAK DOWN  & GO TO 5600 LEVELS) THEN THERE WILL BE DECEPTION AND THE MARKET WILL GO UP AND WHEN THERE WILL BE MAJOR CONSENSUS THAT MARKETS WILL GO UP FROM HERE ON AND THERE WILL BE CHEER AMONG TRADERS THEN THERE WILL BE SHOCK AND THE MARKETS WILL SLIDE, EXCEPT ONCE, WHEN MARKET WILL BREAKOUT TO NEW HIGHS 6400 !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!




MY VIEW: HOLD YOUR LONG POSITIONS TILL5810 ON CLOSING BASIS BELOW WHICH MARKET MAY TEST 5600. ANY BUY IN CASH & FUTURE SHOULD BE MADE ONLY ABOVE 6020 ON CLOSING BASIS.


STRATEGY FOR THE MONTH: 


BUY CE 5900, CE6000, CE6100 FOR JANUARY SERIES FOR THOSE WHO WANT TO SPECULATE.


BUY THE FOLLOWING STOCKS ON DELIVERY BASIS AT CMP ON ANY FALL:


1.  NIIT TECH (200.25) TGT 208-220-236-255-280++++


2. HIND UNILEVER (312.25) TGT 219-224-229-236-240++++


3. PETRONET LNG (122.05) TGT 124-128-132-136++++ VERY SOON.BUY CE130 & CE140 VERY POSITIVE BIAS FOR THIS STOCK. MUST BUY AT ALL LEVELS


4. RELIANCE (1064.90) TGT 1078-1084-1091-1105-1115-1130++++ VERY SOON.




BUY BUY BUY ALL SUGAR STOCKS IN DELIVERY. NOTE THE PRICE OF STOCKS NOW & MATCH WITH PRICES AS ON APRIL THERE WILL BE 50% INCREASE. SO ALL SWEET LOVERS SHOULD BUY EXCEPT THOSE WHO HAVE DIABETES

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.

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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.