MARKET BEHAVED POSITIVE TO THE TO THE GLOBAL CUES AND OUTPERFORMED TO THE ASIAN PEERS. NIFTY MANAGED TO CLOSE ABOVE 5500 IS A POSITIVE SIGN FOR THE BULLS.
TODAY IS THE CREDIT POLICY REVIEW BY RBI AND MARKET HAS ANTICIPATED A HIKE OF 25 bps IN REPO & REVERSE REPO RATE. THERE ARE FOUR POSSIBLE OUTCOMES IN THE POLICY:
1. IF THERE IS 25bps HIKE IN REPO AND/OR REVERSE REPO RATE THEN THE MARKET BEING SLIGHTLY POSITIVE BEFORE THE POLICY WILL RISE AFTER THE POLICY AND NIFTY MAY TOUCH 5560-80.
2. IF THERE IS 50bps OR MORE HIKE IN REPO AND/OR REVERSE REPO RATE THEN THE MARKET WILL PLUNG TO DEEP RED AND NIFTY MAY BREAK 5450 MARK TO THE LOWEST POINT 5370 OR LESS. ( THIS SITUATION IS NEGATICE FOR THE MARKET)
3. IF THERE IS NO HIKE IN REPO AND/OR REVERSE REPO RATE THEN THE MARKET THEN THE MARKET WILL RISE ABOVE 5550 MARK TO 5600-5620 OR MORE AND THE BULLS WILL REGAIN THE MOMENTUM AND NIFTY COULD HEAD HIGHER IN THE NEAR TERM TO 5700-5750 ALSO( THIS SITUATION IS VERY GOOD FOR THE MARKET)
4. IF THERE IS 25bps HIKE IN REPO AND/OR REVERSE REPO RATE AND THE LANGUAGE OF THE RBI REMAINS HAWKISH AND MORE PRONE TO CONTROL INFALTION THEN THE MARKET WILL REMAIN IN THE RANGE AND THEN THERE COULD BE SELL-OFF LEADING NIFTY TO TOUCH LOWER LEVELS LIKE 5500-5450 (THIS SITUATION WILL BE NEUTRAL TO THE MARKET).
ASTROLOGICALLY: MARKETS WILL REMAIN NEGATIVE TILL FROM 7TH MARCH TO 18TH MARCH.
FOLLOWING STOCKS TO BE WATCHED TODAY:
1. SPICE JET(39.75): THIS STOCK MAY RISE IN THE SHORT TERM. BUY IN DELIVERY FOR TARGET OF 46-50++
2. PRAKASH INDUSTRIES(76): THIS STOCK MAY RISE IN THE SHORT TERM. BUY IN DELIVERY FOR TARGET OF 86-95++
3. ORCHID CHEM (290): THIS STOCK MAY RISE IN THE SHORT TERM. BUY IN DELIVERY FOR TARGET OF 300-310-330++ (VERY STRONG BUY)
BUY BANKING STOCKS LIKE SBI, CANBANK, AXIS BANK & ICICI BANK IF THE MARKET REMAINS HIGHER AFTER TH POLICY ANNOUNCEMENT ELSE DONT BUY ANY BANKING STOCKS.
4. CANBANK(638.85): KEEP STOP LOSS OF 620 FOR THE TARGET OF 655++++
Safe Harbor
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.
TODAY IS THE CREDIT POLICY REVIEW BY RBI AND MARKET HAS ANTICIPATED A HIKE OF 25 bps IN REPO & REVERSE REPO RATE. THERE ARE FOUR POSSIBLE OUTCOMES IN THE POLICY:
1. IF THERE IS 25bps HIKE IN REPO AND/OR REVERSE REPO RATE THEN THE MARKET BEING SLIGHTLY POSITIVE BEFORE THE POLICY WILL RISE AFTER THE POLICY AND NIFTY MAY TOUCH 5560-80.
2. IF THERE IS 50bps OR MORE HIKE IN REPO AND/OR REVERSE REPO RATE THEN THE MARKET WILL PLUNG TO DEEP RED AND NIFTY MAY BREAK 5450 MARK TO THE LOWEST POINT 5370 OR LESS. ( THIS SITUATION IS NEGATICE FOR THE MARKET)
3. IF THERE IS NO HIKE IN REPO AND/OR REVERSE REPO RATE THEN THE MARKET THEN THE MARKET WILL RISE ABOVE 5550 MARK TO 5600-5620 OR MORE AND THE BULLS WILL REGAIN THE MOMENTUM AND NIFTY COULD HEAD HIGHER IN THE NEAR TERM TO 5700-5750 ALSO( THIS SITUATION IS VERY GOOD FOR THE MARKET)
4. IF THERE IS 25bps HIKE IN REPO AND/OR REVERSE REPO RATE AND THE LANGUAGE OF THE RBI REMAINS HAWKISH AND MORE PRONE TO CONTROL INFALTION THEN THE MARKET WILL REMAIN IN THE RANGE AND THEN THERE COULD BE SELL-OFF LEADING NIFTY TO TOUCH LOWER LEVELS LIKE 5500-5450 (THIS SITUATION WILL BE NEUTRAL TO THE MARKET).
ASTROLOGICALLY: MARKETS WILL REMAIN NEGATIVE TILL FROM 7TH MARCH TO 18TH MARCH.
FOLLOWING STOCKS TO BE WATCHED TODAY:
1. SPICE JET(39.75): THIS STOCK MAY RISE IN THE SHORT TERM. BUY IN DELIVERY FOR TARGET OF 46-50++
2. PRAKASH INDUSTRIES(76): THIS STOCK MAY RISE IN THE SHORT TERM. BUY IN DELIVERY FOR TARGET OF 86-95++
3. ORCHID CHEM (290): THIS STOCK MAY RISE IN THE SHORT TERM. BUY IN DELIVERY FOR TARGET OF 300-310-330++ (VERY STRONG BUY)
BUY BANKING STOCKS LIKE SBI, CANBANK, AXIS BANK & ICICI BANK IF THE MARKET REMAINS HIGHER AFTER TH POLICY ANNOUNCEMENT ELSE DONT BUY ANY BANKING STOCKS.
4. CANBANK(638.85): KEEP STOP LOSS OF 620 FOR THE TARGET OF 655++++
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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