AS EXPECTED IN NIFTY( BOUNCE TO 5420) IT MOVED BEYOND THAT IN A VERY SHORT SPAN OF TIME DUE TO SHORT COVERING AND BUYING IN CASH BY INSTITIONS. THE RALLY AS SAID ON FRIDAY 11TH FEBRUARY, STARTED AFTER THE IIP DATA FROM THE LOWS OF 5178 ( AGAINST THE EXPECTATION OF 5150) MOVED AROUND 280 POINTS TO 5456. NIFTY AFTER TWO DAYS OF STRONG UP MOVE SHALL GO FOR CONSOLIDATION AND THE RANGE FOR TODAY SHALL BE 5410 TO 5490.
MARKET MAY WITNESS MORE UPSIDE, HOWEVER IT IS CAPPED AT 5600, BEYOND WHICH IT MAY NOT CROSS IN HURRY, WITHOUT CONSOLIDATION. ALSO GOING TO THE BUDGET THE MARKET MAY CONSOLIDATE BEFORE MAKING THE DIRECTION TO THE EITHER SIDE.
GOING TO THE BUDGET THE MARKET MAY WITNESS HUGE FII SELLING DUE TO FALL IN AMERICAN & EUROPEAN INDICES. NOTE THAT THE FALL IN INDIAN MARKET WILL NOW BE DUE TO GLOBAL RISK AVERSION AND SELL-OFF IN AMERICA. HENCE KEEP EYE ON AMERICA AND DEVELOPMENTS THERE.
FOLLOWING STOCKS SHOULD BE WATCHED IN LIGHT OF RESULTS AND OTHER DEVELOPMENTS:
TATASTEEL(620) MAY BE SOME UPSIDE PRICE ACTION TO 630-40 SEEN.
SBI(2692) MAY BE SOME UPSIDE PRICE ACTION TO 2720-40 SEEN
IRB INFRA(177) MAY BE SOME UPSIDE PRICE ACTION TO 185 SEEN
VIP INDUSTRIES(531) MAY BE SOME UPSIDE PRICE ACTION TO 580 SEEN
BUY NIFTY 5600 PE ( MAR) & 5400 PE (FEB). & HOLD FOR FEB EXPIRY.
MARKET MAY WITNESS MORE UPSIDE, HOWEVER IT IS CAPPED AT 5600, BEYOND WHICH IT MAY NOT CROSS IN HURRY, WITHOUT CONSOLIDATION. ALSO GOING TO THE BUDGET THE MARKET MAY CONSOLIDATE BEFORE MAKING THE DIRECTION TO THE EITHER SIDE.
GOING TO THE BUDGET THE MARKET MAY WITNESS HUGE FII SELLING DUE TO FALL IN AMERICAN & EUROPEAN INDICES. NOTE THAT THE FALL IN INDIAN MARKET WILL NOW BE DUE TO GLOBAL RISK AVERSION AND SELL-OFF IN AMERICA. HENCE KEEP EYE ON AMERICA AND DEVELOPMENTS THERE.
FOLLOWING STOCKS SHOULD BE WATCHED IN LIGHT OF RESULTS AND OTHER DEVELOPMENTS:
TATASTEEL(620) MAY BE SOME UPSIDE PRICE ACTION TO 630-40 SEEN.
SBI(2692) MAY BE SOME UPSIDE PRICE ACTION TO 2720-40 SEEN
IRB INFRA(177) MAY BE SOME UPSIDE PRICE ACTION TO 185 SEEN
VIP INDUSTRIES(531) MAY BE SOME UPSIDE PRICE ACTION TO 580 SEEN
BUY NIFTY 5600 PE ( MAR) & 5400 PE (FEB). & HOLD FOR FEB EXPIRY.
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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