MARKET VIEW FOR 18TH FEBRUARY 2011

5600 5600 5600 5600 5600 5600 5600 5600 5600 5600

NIFTY FUTURE SETTLEMENT ON 24TH FEBRUARY WILL TAKE PLACE AT 5600

NOTE IN ADVANCE 5600 HENCE ONE CAN BUY CE5500 (FEB) AROUND 60-70 TO SELL AT 100 ON SETTLEMENT DAY


THE NEXT COURSE OF MARKET IN THE MARCH SERIES WILL BE DECIDED BY THE PREMIUM  ON NIFTY AND THE ROLLOVER OF STOCKS TO MARCH SERIES. 


IT IS RECOMMENDED THAT NO LONG POSITION SHOULD BE ROLLED OVER TO THE NEXT SERIES INSTEAD SIT ON CASH AND BUY 'PUTS' BUY PE5600, PE5500, PE5400, PE5300, PE5200 OF MARCH SERIES FOR HUGE GAINS. MARKET MAY GIVE VERY GOOD OPPORTUNITY TO BUY STOCKS IN CASH AT THE LOWER LEVELS.


BANKS & FINANCIALS  LIKE SBI, HDFCBANK, HDFC, BANK BARODA ARE  GOOD TILL BUDGET HENCE THEY COULD BE TRADED WITH POSITIVE BIAS.


FOLLOWING STOCKS SHOULD BE CONSIDERED TODAY FOR TRADING FOR NEXT 3-4 DAYS ( VERY SHORT TERM DELIVERY TILL BUDGET):


1. BPCL(615.40): SOME UPWARD PRICE ACTION WILL BE SEEN DUE SUBSIDY BURDEN CHANAGES MAY BENEFIT IT. SHORT TERM TARGET 650+++


2. HDFCBANK(2185.90): KEEPING THE STOP LOSS OF 2100 & TARGET OF 2300 FOR SHORT TERM.


3. HEXAWARE(113.55): SOME UPWARD PRICE ACTION WILL BE SEEN DUE TO STRONG NUMBERS. SHORT TERM TARGET 125+++


4. IDFC(146.65): KEEPING THE STOP LOSS OF 134 & TARGET OF 152-55 FOR SHORT TERM.


5. SPICE JET(48.40): SOME UPWARD PRICE ACTION WILL BE SEEN. SHORT TERM TARGET 52-56