LAST WEEK WE HAVE RECOMMENDED THAT NIFTY SETTLEMENT SHALL TAKE PLACE AROUND 5600 ON 24TH FEBRUARY, THE VIEW REMAINS INTACT.
ANY CLOSE ABOVE 5635 FOR MORE THAN 2-3 TRADING SESSIONS WILL TAKE NIFTY TO 5680 & 5790, HOWEVER CHANCES OF THIS UPMOVE IS LESS DUE TO BUDGET & GLOBAL MARKET AT HIGHS ALONG WITH COMMODITIES. TO BE SPECIFIC MARKET WAITING FOR NEW TRIGGER WHICH SHALL COME WITH THE BUDGET. ANY THING ADVERSE IN THE BUDGET SHALL PLUNG THE MARKET TO THE LOWEST EBB AROUND 5178 VERY SOON. HENCE MARKET SHALL BE IN THE RANGE TILL BUDGET AND THEREAFTER IT SHALL START DECLINING ON THE FACTORS LIKE GLOBAL MARKET SELL-OFF, FUND FLOW OUT, DOMESTIC SITUATION IN POLITICS AND THE ECONOMIC DATAs.
INDIAN MARKET MAY SHOW MUCH WEAKNESS IN DAYS TO COME GIVING VERY GOOD OPPORTUNITY TO ENTER AT THE LOWER LEVELS. HENCE WAIT TO BUY SHALL BE THE BEST FOR THE TIME BEING. BUYING SHOULD START FROM 5000 LEVELS TO 4600 LEVELS WITH MEDIUM TO LONG TERM VIEW.
FOR THOSE WHO WANT TO PLAY AGGRESSIVE, BUYING PE 5600, PE5500, PE5400, PE5300, PE5200 ON EVERY RISE IN NIFTY TILL 5650( CLOSING BASIS) FOR THE MARCH SERIES SHALL BE THE GOOD STRATEGY INSTEAD OF GOING SHORT IN INDEX. BUYING PUTS WILL ALSO BE HELPFUL AS HEDGING AGAINST THE PORTFOLIO.
HENCE IN ESSENCE THIS MARKET IS IN THE NO TRADE ZONE AND ONE SHOULD BE CAUTIOUS WHILE INVESTING AND BUY PUTs ON EVERY RISE TILL 5650( CLOSING FOR MORE THAN 2-3 TRADING SESSIONS).
ANY CLOSE ABOVE 5635 FOR MORE THAN 2-3 TRADING SESSIONS WILL TAKE NIFTY TO 5680 & 5790, HOWEVER CHANCES OF THIS UPMOVE IS LESS DUE TO BUDGET & GLOBAL MARKET AT HIGHS ALONG WITH COMMODITIES. TO BE SPECIFIC MARKET WAITING FOR NEW TRIGGER WHICH SHALL COME WITH THE BUDGET. ANY THING ADVERSE IN THE BUDGET SHALL PLUNG THE MARKET TO THE LOWEST EBB AROUND 5178 VERY SOON. HENCE MARKET SHALL BE IN THE RANGE TILL BUDGET AND THEREAFTER IT SHALL START DECLINING ON THE FACTORS LIKE GLOBAL MARKET SELL-OFF, FUND FLOW OUT, DOMESTIC SITUATION IN POLITICS AND THE ECONOMIC DATAs.
INDIAN MARKET MAY SHOW MUCH WEAKNESS IN DAYS TO COME GIVING VERY GOOD OPPORTUNITY TO ENTER AT THE LOWER LEVELS. HENCE WAIT TO BUY SHALL BE THE BEST FOR THE TIME BEING. BUYING SHOULD START FROM 5000 LEVELS TO 4600 LEVELS WITH MEDIUM TO LONG TERM VIEW.
FOR THOSE WHO WANT TO PLAY AGGRESSIVE, BUYING PE 5600, PE5500, PE5400, PE5300, PE5200 ON EVERY RISE IN NIFTY TILL 5650( CLOSING BASIS) FOR THE MARCH SERIES SHALL BE THE GOOD STRATEGY INSTEAD OF GOING SHORT IN INDEX. BUYING PUTS WILL ALSO BE HELPFUL AS HEDGING AGAINST THE PORTFOLIO.
HENCE IN ESSENCE THIS MARKET IS IN THE NO TRADE ZONE AND ONE SHOULD BE CAUTIOUS WHILE INVESTING AND BUY PUTs ON EVERY RISE TILL 5650( CLOSING FOR MORE THAN 2-3 TRADING SESSIONS).
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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