5500 WAS RESISTANCE AFTER SPECTACULAR RECOVERY FROM THE LOWS OF 5397 TO CLOSE AT 5481 UP 25 POINTS FROM THE PREVIOUS DAY 'S CLOSING WITH SOME BUYING IN CASH AND SHORT COVERING BY BIG FIIs AHEAD OF BUDGET & SETTLEMENT. HOWEVER IT SHOULD BE KEPT IN THE MIND THAT CURRENT UP MOVE IS NOT A RALLY TO CROSS THE PREVIOUS HIGHS BUT A CORRECTIVE RALLY TO THE RECENT FALL, WHICH ,MAY END AT ANY POINT OF TIME AND THE MARKET MAY RESUME ITS SOUTH WARD JOURNEY.
THOUGH UP SIDE IS CAPPED AT 5600-5650 ( 200 DMA) MARKET MAY REMAIN IN THE RANGE 5400-5600 FOR SOME TIME BEFORE ANY FRESH MOVE ON EITHER SIDE.LOT OF ACTION WILL BE SEEN ON THE CASH SIDE & MIDCAPS RATHER THAN NIFTY OR SENSEX STOCKS. HENCE ITS NO TRADE ZONE FOR NIFTY OR SENSEX MOVEMENTS BUT ACTION PACKED TRADING IN OUT OF INDEX STOCKS. FOR INVESTMENT PURPOSES ONE SHOULD SIT IDLE AND HOLD CASH.ANY ATTEMPT TO TRADE SHALL RESULT IN LOSS DUE TO VOLATILITY.
THOSE VERY MUCH INTERESTED IN TRADING SHOULD BUY & ACCUMULATE PUTs ON EVERY RISE IN NIFTY FOR MARCH SERIES ( SAY PE5600, PE5500,PE5400) SO AS TO GAIN ON A FALL AFTER BUDGET.
FOLLOWING STOCKS SHOULD BE WATCHED FOR TODAY FOR ACTION:
ANDHRA BANK(148.80) ACTION WILL BE SEEN ON THE UPSIDE & STOCK MAY REACH 155-160 SOON
KOATK BANK(411)ACTION WILL BE SEEN ON THE UPSIDE & STOCK MAY REACH 425-430-440++ SOON. KEEP SL OF 395 FOR TARDING PURPOSES.
STRIDE ARCOLAB(379.05) ACTION WILL BE SEEN ON THE UPSIDE & STOCK MAY REACH 390-400 SOON.
BANK OF INDIA(444.05)ACTION WILL BE SEEN ON THE UPSIDE & STOCK MAY REACH 455-70 SOON.KEEP SL OF 425 FOR TARDING PURPOSES.
THOUGH UP SIDE IS CAPPED AT 5600-5650 ( 200 DMA) MARKET MAY REMAIN IN THE RANGE 5400-5600 FOR SOME TIME BEFORE ANY FRESH MOVE ON EITHER SIDE.LOT OF ACTION WILL BE SEEN ON THE CASH SIDE & MIDCAPS RATHER THAN NIFTY OR SENSEX STOCKS. HENCE ITS NO TRADE ZONE FOR NIFTY OR SENSEX MOVEMENTS BUT ACTION PACKED TRADING IN OUT OF INDEX STOCKS. FOR INVESTMENT PURPOSES ONE SHOULD SIT IDLE AND HOLD CASH.ANY ATTEMPT TO TRADE SHALL RESULT IN LOSS DUE TO VOLATILITY.
THOSE VERY MUCH INTERESTED IN TRADING SHOULD BUY & ACCUMULATE PUTs ON EVERY RISE IN NIFTY FOR MARCH SERIES ( SAY PE5600, PE5500,PE5400) SO AS TO GAIN ON A FALL AFTER BUDGET.
FOLLOWING STOCKS SHOULD BE WATCHED FOR TODAY FOR ACTION:
ANDHRA BANK(148.80) ACTION WILL BE SEEN ON THE UPSIDE & STOCK MAY REACH 155-160 SOON
KOATK BANK(411)ACTION WILL BE SEEN ON THE UPSIDE & STOCK MAY REACH 425-430-440++ SOON. KEEP SL OF 395 FOR TARDING PURPOSES.
STRIDE ARCOLAB(379.05) ACTION WILL BE SEEN ON THE UPSIDE & STOCK MAY REACH 390-400 SOON.
BANK OF INDIA(444.05)ACTION WILL BE SEEN ON THE UPSIDE & STOCK MAY REACH 455-70 SOON.KEEP SL OF 425 FOR TARDING PURPOSES.
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.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.