MARKET RALLIED FOR THE SECOND CONSECUTIVE DAY LED BY HEAVY WEIGHTS LIKE RELIANCE, ICICI BANK, INFOSYS AND BHEL. SENSEX ENDED AT 18206.16 UP 217.86 POINTS AND NIFTY ENDED AT 5480.25 UP 66.40 POINTS. BANKING STOCKS WERE IN THE LIMELIGHT SPECIALLY SUBSIDIARY BANKS OF SBI LIKE SBT & SBBJ. PHARMA STOCKS LIKE LUPIN & AURO PHARMA WERE ALSO HIGHER.
ANALYST EXPECT MARKET TO BE IN A RANGE OF 5300-5550 AND SEE FURTHER FIIs OUTFLOW IN MONTHS TO COME. THIS RANGE BOUND MOVEMENT FOR LAST 2 MONTHS IS SAID TO BE TIME WISE CORRECTION AND AFTER THIS THERE WILL BE SHARP PRICE CORRECTION, WHICH MIGHT COME AT ANY TIME ON BAD GLOBAL OR DOMESTIC NEWS. HENCE IT MAY NOT BE A SUITABLE TIME TO GO FOR THE LONG TERM PORTFOLIO BUILDING RATHER ONE CAN TRADE FOR THE SHORT TERM SWINGS WITH STRICT STOP-LOSS. ANALYSTS BELIEVE THAT LONG TERM CONFIDENCE IN THE INDIA GROWTH STORY IS MAINTAINED INTACT HOWEVER IN THE SHORT TERM SENTIMENTS REMAIN SKEPTIC AND UNCERTAIN, WHICH MAY LEAD TO A REALITY CHECK IN THE OUTPERFORMING SECTORS LIKE PHARMA, IT ETC.,
BETWEEN FEAR AND GREED FEAR WILL DOMINATE IN THE NEAR FUTURE AND THERE IS MORE DOWN SIDE RISK THAN THE UPSIDE MOMENTUM. FOR CONFIRMING THE REAL UP MOVE MARKET HAS TO MOVE ABOVE 5700-5800 AND THEN BREAK THE NEW HIGHS, CHANCES OF WHICH ARE VERY VERY BLEAK. HENCE ANY MOVEMENT IF NIFTY TO 5550-5600 SHOULD BE USED TO EXIT THE LONG POSITIONS AND SIT ON CASH. ANALYSTS ALSO BELIEVE THAT THERE COULD BE MORE TIGHTENING IN THE EMERGING MARKETS AND INFLATION MAY REMAIN THE MAJOR CAUSE OF WORRY.
FOLLOWING STOCKS LOOK GOOD TO TRADE FOR BOTH IN DELIVERY AND F&O:
1. BATA INDIA(357.45): RECOMMENDED 2 DAYS BACK THE STOCK WILL SEE SOME BIG UP MOVE IN DAYS TO COME FOR UNLOCKING ITS VALUE IN LAND BANK SOON. BUY IN DELIVERY FOR THE TARGET OF 380-400+++ WITH A STOP LOSS OF 346.
2. J.B.CHEMICALS(133.75): BUY THIS STOCK IN DELIVERY AS IT COULD MOVE TO 145++. KEEP 129 AS STOP LOSS.
3. COAL INDIA(353.90): BUY THIS STOCK IN DELIVERY BOTH FOR SHORT & LONG TERMAS IT COULD MOVE TO 380++. IN THE SHORT TERM AND 600+++ IN THE LONG TERM.ALSO BUY ON DIPS HENCE NO STOP LOSS.
4.BHEL(1994.30): BUY THIS STOCK IN DELIVERY AS IT COULD MOVE TO 2080-2120++ IN A SHORT TERM AFTER ITS RESULT. KEEP 1940 AS STOP LOSS.
5. GAIL(466.50): THIS STOCK MIGHT OUTPERFORM IN THE SHORT TERM, IF THE MARKET KEEP ON RISING AND MOVES ABOVE 5550. SHORT TERM TARGET IS 480-500+++
6.SINGER(35.00): THE STOCK IS LIKELY TO MOVE TO 40-42 ON INFORMED BUYING BY THE PROMOTER, WHO IS HAVING MORE THAN 80% STAKE IN THE COMPANY.
7. MANDHANA IND(238.20): SOME INFORMED SOURCES CLOSE TO THE MANAGEMENT, COMPANY IS DOING EXTREMELY WELL. STOCK COULD MOVE TO 260++ IN THE SHORT TERM. KEEP THE STOP LOSS OF 230.
8.LUPIN(415.30): RECOMMENDED FEW DAY BACK AT AROUND 380-390 THE STOCK COULD MOVE TO 450-460++ IN THE SHORT TERM. BUY THE STOCK WITH A STOP LOSS OF 395.
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.
ANALYST EXPECT MARKET TO BE IN A RANGE OF 5300-5550 AND SEE FURTHER FIIs OUTFLOW IN MONTHS TO COME. THIS RANGE BOUND MOVEMENT FOR LAST 2 MONTHS IS SAID TO BE TIME WISE CORRECTION AND AFTER THIS THERE WILL BE SHARP PRICE CORRECTION, WHICH MIGHT COME AT ANY TIME ON BAD GLOBAL OR DOMESTIC NEWS. HENCE IT MAY NOT BE A SUITABLE TIME TO GO FOR THE LONG TERM PORTFOLIO BUILDING RATHER ONE CAN TRADE FOR THE SHORT TERM SWINGS WITH STRICT STOP-LOSS. ANALYSTS BELIEVE THAT LONG TERM CONFIDENCE IN THE INDIA GROWTH STORY IS MAINTAINED INTACT HOWEVER IN THE SHORT TERM SENTIMENTS REMAIN SKEPTIC AND UNCERTAIN, WHICH MAY LEAD TO A REALITY CHECK IN THE OUTPERFORMING SECTORS LIKE PHARMA, IT ETC.,
BETWEEN FEAR AND GREED FEAR WILL DOMINATE IN THE NEAR FUTURE AND THERE IS MORE DOWN SIDE RISK THAN THE UPSIDE MOMENTUM. FOR CONFIRMING THE REAL UP MOVE MARKET HAS TO MOVE ABOVE 5700-5800 AND THEN BREAK THE NEW HIGHS, CHANCES OF WHICH ARE VERY VERY BLEAK. HENCE ANY MOVEMENT IF NIFTY TO 5550-5600 SHOULD BE USED TO EXIT THE LONG POSITIONS AND SIT ON CASH. ANALYSTS ALSO BELIEVE THAT THERE COULD BE MORE TIGHTENING IN THE EMERGING MARKETS AND INFLATION MAY REMAIN THE MAJOR CAUSE OF WORRY.
FOLLOWING STOCKS LOOK GOOD TO TRADE FOR BOTH IN DELIVERY AND F&O:
1. BATA INDIA(357.45): RECOMMENDED 2 DAYS BACK THE STOCK WILL SEE SOME BIG UP MOVE IN DAYS TO COME FOR UNLOCKING ITS VALUE IN LAND BANK SOON. BUY IN DELIVERY FOR THE TARGET OF 380-400+++ WITH A STOP LOSS OF 346.
2. J.B.CHEMICALS(133.75): BUY THIS STOCK IN DELIVERY AS IT COULD MOVE TO 145++. KEEP 129 AS STOP LOSS.
3. COAL INDIA(353.90): BUY THIS STOCK IN DELIVERY BOTH FOR SHORT & LONG TERMAS IT COULD MOVE TO 380++. IN THE SHORT TERM AND 600+++ IN THE LONG TERM.ALSO BUY ON DIPS HENCE NO STOP LOSS.
4.BHEL(1994.30): BUY THIS STOCK IN DELIVERY AS IT COULD MOVE TO 2080-2120++ IN A SHORT TERM AFTER ITS RESULT. KEEP 1940 AS STOP LOSS.
5. GAIL(466.50): THIS STOCK MIGHT OUTPERFORM IN THE SHORT TERM, IF THE MARKET KEEP ON RISING AND MOVES ABOVE 5550. SHORT TERM TARGET IS 480-500+++
6.SINGER(35.00): THE STOCK IS LIKELY TO MOVE TO 40-42 ON INFORMED BUYING BY THE PROMOTER, WHO IS HAVING MORE THAN 80% STAKE IN THE COMPANY.
7. MANDHANA IND(238.20): SOME INFORMED SOURCES CLOSE TO THE MANAGEMENT, COMPANY IS DOING EXTREMELY WELL. STOCK COULD MOVE TO 260++ IN THE SHORT TERM. KEEP THE STOP LOSS OF 230.
8.LUPIN(415.30): RECOMMENDED FEW DAY BACK AT AROUND 380-390 THE STOCK COULD MOVE TO 450-460++ IN THE SHORT TERM. BUY THE STOCK WITH A STOP LOSS OF 395.
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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