NIFTY COULD NOT MANAGE TO CLOSE ABOVE 5500 AND THE MARKET BREADTH CRACKED. OPTIONS DATA SHOW THAT THE SETTLEMENT SHALL TAKE PLACE ABOVE 5400 AND IT SHOULD NOT BREAK BELOW 5400 RIGHT NOW BEFORE BUDGET.CALCULATION OF SETTLEMENT AT 5600 SEEM TO HAVE GONE INCORRECT.
BEFORE BUDGET MARKET WILL REMAIN RANGE BOUND FROM 5400 TO 5600 AND POST BUDGET MARKETS WILL TAKE NEW COURSE OF ACTION. BREAK DOWN IS CLEARLY SEEN TO 5000 LEVELS AND ONE SHOULD PREPARE HIS STRATEGIES KEEPING THE BROAD PICTURE IN MIND AND NOT FOR A VERY SHORT PERIOD. BROADLY SPEAKING THERE WILL BE MORE WEAKNESS IN THE MONTH TO COME HENCE ONE SHOULD NOT BUY OR BUILD PORTFOLIO IN A HURRY AT THESE LEVELS RATHER WAIT FOR A DEEP CRACK TO CHERRY PICK THE STOCKS.
TODAY MARKETS SHALL REMAIN IN A RANGE 5400 TO 5550. BUYING CE ON THE LOWER SIDE 5400 AND BUYING PE ON THE HIGHER SIDE 5550 SHALL BE GOOD TO PLAY WITH.
FOLLOWING STOCK SHALL REMAIN IN ACTION TODAY:
1. CONCOR (1102.95): STOCK MAY SEE SOME ACTION DUE TO RAILWAY BUDGET. LOOK FOR RISE TILL 1150-60
2. JET AIRWAYS(435): STOCK MAY SEE SELLING PRESSURE KEEP STOP LOSS OF 455 FOR A TARGET OF 400(A SHORT CALL)
3. EDUCOMP(488): STOCK MAY SEE SELLING PRESSURE KEEP STOP LOSS OF 510 FOR A TARGET OF 450(A SHORT CALL)
4. ASIAN PAINTS(2510): STOCK MAY SEE SELLING PRESSURE KEEP STOP LOSS OF 2580 FOR A TARGET OF 2380 (A SHORT CALL)
BEFORE BUDGET MARKET WILL REMAIN RANGE BOUND FROM 5400 TO 5600 AND POST BUDGET MARKETS WILL TAKE NEW COURSE OF ACTION. BREAK DOWN IS CLEARLY SEEN TO 5000 LEVELS AND ONE SHOULD PREPARE HIS STRATEGIES KEEPING THE BROAD PICTURE IN MIND AND NOT FOR A VERY SHORT PERIOD. BROADLY SPEAKING THERE WILL BE MORE WEAKNESS IN THE MONTH TO COME HENCE ONE SHOULD NOT BUY OR BUILD PORTFOLIO IN A HURRY AT THESE LEVELS RATHER WAIT FOR A DEEP CRACK TO CHERRY PICK THE STOCKS.
TODAY MARKETS SHALL REMAIN IN A RANGE 5400 TO 5550. BUYING CE ON THE LOWER SIDE 5400 AND BUYING PE ON THE HIGHER SIDE 5550 SHALL BE GOOD TO PLAY WITH.
FOLLOWING STOCK SHALL REMAIN IN ACTION TODAY:
1. CONCOR (1102.95): STOCK MAY SEE SOME ACTION DUE TO RAILWAY BUDGET. LOOK FOR RISE TILL 1150-60
2. JET AIRWAYS(435): STOCK MAY SEE SELLING PRESSURE KEEP STOP LOSS OF 455 FOR A TARGET OF 400(A SHORT CALL)
3. EDUCOMP(488): STOCK MAY SEE SELLING PRESSURE KEEP STOP LOSS OF 510 FOR A TARGET OF 450(A SHORT CALL)
4. ASIAN PAINTS(2510): STOCK MAY SEE SELLING PRESSURE KEEP STOP LOSS OF 2580 FOR A TARGET OF 2380 (A SHORT CALL)
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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