AFTER 15 TO 20 DAYS OF DECLINE ONE DAY OF SUSTAINABLE GAIN, AFTER TOUCHING THE LOWS OF 5400 IN PAST SHOWS THAT MARKET IS UNDER THE BASE BUILDING OR CONSOLIDATION AND MAY TAKE FRESH DIRECTION AFTER NEW CUES AND TRIGGERS.
HOWEVER NIFTY MAY TOUCH 5600-5620 SOON AT THE RESISTANCE AS IT WAS SUPPORT AND 200 DMA EARLIER. NOW 5400 WILL ACT AS MAJOR SUPPORT AND ANY FALL BELOW 5400(CLOSING BASIS) SHALL BE CLEAR SIGNAL TO SHORT NIFTY AND LIQUIDATE THE LONG POSITIONS IN CASH & FUTURE.
AS MENTIONED IN THE PAST THAT MARKET IS IN INTERMEDIATE DOWN TREND ANY RALLIES LIKE THIS SHOULD BE USED TO GET OUT OF THE STOCKS AND SHORT THE NIFTY FOR GAINS WHEN MARKET FALLS MORE.......
TODAY MARKET WILL BE LACKLUSTER AND SLIGHTLY DOWNWARDS AS IT HAS RISEN 120-130 POINTS FROM ITS LOWS FEW DAYS BACK. HENCE PROFIT BOOKING BY TRADERS AND MOMENTUM PLAYERS IS OBVIOUS. ANY FALL BELOW 5450-5440 RANGE SHALL BE THE FIRST INDICATION OF MAJOR FALL AND BELOW 5400 SHALL BE THE STOP LOSS. HOWEVER ANY MOVE ABOVE 5550 SHALL BE GOOD WHICH SHALL COME BY NEXT WEEK. SUSTAINMENT OF NIFTY ABOVE 5620 MAY LEAD TO SOME MORE UPSIDE TO 5700-5750 ALSO. HOWEVER THE CHANCES OF NIFTY GOING TO THAT LEVEL ARE REMOTE AS OF NOW.
FERTILIZER STOCKS ARE IN FOCUS DUE TO MEETING OF EGoM ON 7TH FEBRUARY.
SUGAR STOCKS ARE IN ACTION DUE TO RISING SUGAR PRICES INTERNATIONALLY.
FOR THOSE WHO WISH TO TRADE FOR 3-4 DAYS SHORT TERM CORRECTIVE RALLY MAY TRADE IN THE FOLLOWING COUNTERS, WITH A VIEW OF RISK THAT MARKET WILL HAVE HUGE VOLATILITY & DOWN SIDE RISK OF SELLING:
BHARTI, ICICIBANK, HDFCBANK, HDFC & SBIN ARE BEST TO TRADE
FOR TODAY FOLLOWING STOCKS WILL HAVE RESULT IMPACT:
BALRAMPUR CHINI (74.40) MAY HAVE SOME POSITIVE IMPACT AND PRICE ACTION.
SUZLON(48.80) MAY HAVE SOME POSITIVE IMPACT AND PRICE ACTION.
JP ASSOCIATE(85.90) MAY HAVE SOME POSITIVE IMPACT AND PRICE ACTION.
CIPLA(329.45) MAY HAVE SOME POSITIVE IMPACT AND PRICE ACTION.
FOR SHORT TERM/INTRADAY:
SHORT TCS(1183) SL 1210 T-1160-30
BUY RELIANCE MEDIA WORKS(165.15) SL 159 T-175-181
HOWEVER NIFTY MAY TOUCH 5600-5620 SOON AT THE RESISTANCE AS IT WAS SUPPORT AND 200 DMA EARLIER. NOW 5400 WILL ACT AS MAJOR SUPPORT AND ANY FALL BELOW 5400(CLOSING BASIS) SHALL BE CLEAR SIGNAL TO SHORT NIFTY AND LIQUIDATE THE LONG POSITIONS IN CASH & FUTURE.
AS MENTIONED IN THE PAST THAT MARKET IS IN INTERMEDIATE DOWN TREND ANY RALLIES LIKE THIS SHOULD BE USED TO GET OUT OF THE STOCKS AND SHORT THE NIFTY FOR GAINS WHEN MARKET FALLS MORE.......
TODAY MARKET WILL BE LACKLUSTER AND SLIGHTLY DOWNWARDS AS IT HAS RISEN 120-130 POINTS FROM ITS LOWS FEW DAYS BACK. HENCE PROFIT BOOKING BY TRADERS AND MOMENTUM PLAYERS IS OBVIOUS. ANY FALL BELOW 5450-5440 RANGE SHALL BE THE FIRST INDICATION OF MAJOR FALL AND BELOW 5400 SHALL BE THE STOP LOSS. HOWEVER ANY MOVE ABOVE 5550 SHALL BE GOOD WHICH SHALL COME BY NEXT WEEK. SUSTAINMENT OF NIFTY ABOVE 5620 MAY LEAD TO SOME MORE UPSIDE TO 5700-5750 ALSO. HOWEVER THE CHANCES OF NIFTY GOING TO THAT LEVEL ARE REMOTE AS OF NOW.
FERTILIZER STOCKS ARE IN FOCUS DUE TO MEETING OF EGoM ON 7TH FEBRUARY.
SUGAR STOCKS ARE IN ACTION DUE TO RISING SUGAR PRICES INTERNATIONALLY.
FOR THOSE WHO WISH TO TRADE FOR 3-4 DAYS SHORT TERM CORRECTIVE RALLY MAY TRADE IN THE FOLLOWING COUNTERS, WITH A VIEW OF RISK THAT MARKET WILL HAVE HUGE VOLATILITY & DOWN SIDE RISK OF SELLING:
BHARTI, ICICIBANK, HDFCBANK, HDFC & SBIN ARE BEST TO TRADE
FOR TODAY FOLLOWING STOCKS WILL HAVE RESULT IMPACT:
BALRAMPUR CHINI (74.40) MAY HAVE SOME POSITIVE IMPACT AND PRICE ACTION.
SUZLON(48.80) MAY HAVE SOME POSITIVE IMPACT AND PRICE ACTION.
JP ASSOCIATE(85.90) MAY HAVE SOME POSITIVE IMPACT AND PRICE ACTION.
CIPLA(329.45) MAY HAVE SOME POSITIVE IMPACT AND PRICE ACTION.
FOR SHORT TERM/INTRADAY:
SHORT TCS(1183) SL 1210 T-1160-30
BUY RELIANCE MEDIA WORKS(165.15) SL 159 T-175-181
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.