NIFTY OPENED HIGHER AND MANAGED TO CLOSE IN POSITIVE AFTER A STEEP FALL FROM THE HIGH OF 5490 TO 5432 AFTER THE NEWS OF ARREST OF FORMER TELECOM MINISTER, A. RAJA.
THERE WILL BE VOLATILE MARKETS WITH CORRECTIVE RALLY TO TOUCH 5550-5600 BY NEXT FEW DAYS IF IT MANAGES TO CLOSE ABOVE 5400 IN THE PROCESS OF BASE BUILDING.
ANY CLOSE BELOW 5400 MAY TURN THE SENTIMENT MURKY AND GLOOMY TO TOUCH 5200. IT IS IMPORTANT TO NOTE THAT INTERMEDIATE TREND IS DOWN AND NIFTY WILL EVENTUALLY TEST 5200 OR LOWER VERY SOON. HENCE BUYING PE 5400, PE5500, PE5400, PE5300 & PE5200 WILL BE BENEFICIAL WHEN NIFTY WILL SLIP BELOW 5400.
TODAY WEEKLY INFLATION DATA WILL DECIDE THE TREND OF THE MARKET. SO KEEP EYE ON INFLATION FIGURES AT NOON AND TRADE ACCORDINGLY. MARKETS MAY REACT POSITIVELY TO THE NUMBERS
WATCH THESE STOCKS TODAY FOR TRADES:
BAJAJ AUTO (1214) THERE MAY BE SOME POSITIVE MOVES AFTER THE RESULT. JUST WATCH OUT
ONE CAN SHORT HERO HONDA (1522) SL 1600-1610 TGT 1300 IN FEBRUARY SERIES.
ONE CAN BUY HCL TECH (498) FOR THE SHORT TERM TARGET OF 510-520
ONE CAN BUY INDUSIND BANK(223) SL 215 TGT 233-240
HATHWAY CABLE (133.75) IS LOOKING GOOD FOR THE UPSIDE MOVE ON ANY POSITIVE MARKET.
THERE WILL BE VOLATILE MARKETS WITH CORRECTIVE RALLY TO TOUCH 5550-5600 BY NEXT FEW DAYS IF IT MANAGES TO CLOSE ABOVE 5400 IN THE PROCESS OF BASE BUILDING.
ANY CLOSE BELOW 5400 MAY TURN THE SENTIMENT MURKY AND GLOOMY TO TOUCH 5200. IT IS IMPORTANT TO NOTE THAT INTERMEDIATE TREND IS DOWN AND NIFTY WILL EVENTUALLY TEST 5200 OR LOWER VERY SOON. HENCE BUYING PE 5400, PE5500, PE5400, PE5300 & PE5200 WILL BE BENEFICIAL WHEN NIFTY WILL SLIP BELOW 5400.
TODAY WEEKLY INFLATION DATA WILL DECIDE THE TREND OF THE MARKET. SO KEEP EYE ON INFLATION FIGURES AT NOON AND TRADE ACCORDINGLY. MARKETS MAY REACT POSITIVELY TO THE NUMBERS
WATCH THESE STOCKS TODAY FOR TRADES:
BAJAJ AUTO (1214) THERE MAY BE SOME POSITIVE MOVES AFTER THE RESULT. JUST WATCH OUT
ONE CAN SHORT HERO HONDA (1522) SL 1600-1610 TGT 1300 IN FEBRUARY SERIES.
ONE CAN BUY HCL TECH (498) FOR THE SHORT TERM TARGET OF 510-520
ONE CAN BUY INDUSIND BANK(223) SL 215 TGT 233-240
HATHWAY CABLE (133.75) IS LOOKING GOOD FOR THE UPSIDE MOVE ON ANY POSITIVE MARKET.
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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