MARKET MANAGED TO CLIMB ON THE 6TH CONSECUTIVE DAY GAIN TO THE 5750++ CLOSING. INTRA DAY NIFTY TOUCHED 5800 AFTER 25TH JANUARY 2011. THATS THE POSITIVE SIGN FOR THE BULLS AND TRADERS.
NOW 5550-5500 SHOULD BE KEPT AS A STOP LOSS AND BUYING COULD BE STARTED FOR MORE HIGHER TARGETS OF 6000-6100. MIDCAP SPACE LOOKS MORE PROMISING THAN FRONT LINE.
INDIAN MARKETS CORRECTED MAINLY DUE TO 2 REASONS: INTEREST RATE AND CRUDE OIL. NOW MARKET IS EXPECTING THAT INTEREST RATE CYCLE IS PEAKING OUT AND SPECULATIVE RALLY IN CRUDE WILL ALSO FIZZLE OUT AS THE TENSIONS IN THE LIBYA MAY NOT SPREAD TO ALL MIDDLE EAST. FOR LAST 5 DAYS INDIAN MARKETS HAVE STRONG FIIs INFLOW NEARLY 4000 CRORES AS BANKS ARE ALSO RISING, THE UPSWING MAY CONTINUE TO RISE FOR SOME TIME.
TODAY MARCH EXPIRY SHALL TAKE PLACE AT OR AROUND 5800 AND AS THE FINANCIAL YEAR WILL ALSO CLOSE, TO KEEP UP THE N.A.V HIGHER AND CLOSING OF THE YAER SHALL TAKE PLACE ON GREEN MARKETS. HENCE SELLING 5700 PUTS AND 5800 CALLS OF MARCH SERIES SHALL GIVE PROFITS TO THE LAST DAY TRADERS.
ONE SHOULD BE CAUTIOUS IN TRADING LONG AT THIS POINT AS THE MARKET MAY CORRECT AFTER EXPIRY AND THEN RISE. HENCE WAIT FOR SOME SLIGHT CORRECTION TO 5650-5700 LEVELS TO INITIATE BUYING KEEPING THE STOP LOSS OF 5550-5500. HOWEVER MID-CAP SPACE SHALL BE THE FOCUS AND CORPORATE EARNINGS SHALL ALSO BE GIVEN THE PROPER ANALYSIS, WHICH SHALL START COMING IN FROM APRIL 2ND WEEK.
BANKS, I.T & PHARMA STOCKS ARE LOOKING GOOD IN BOTH FRONT LINE AND MID-CAP SPACE. FOLLOWING STOCKS LOOK GOOD TO TRADE TODAY:
1. BANK OF BARODA( 961.45): BUY ON EVERY DECLINE FOR A VERY SHORT TERM TARGET OF 1000+++
2. TATACOFFEE(953.45): BUY ON EVERY DIP KEEPING 900 AS STOP LOSS FOR THE TARGET OF 1000-1050++++
3. STERLITE IND(172.70): BUY ON DECLINE KEEPING 168 AS STOP LOSS FOR A SHORT TERM TARGET OF 178-180++
4. JET AIRWAYS(468.95) BUY ON DECLINE KEEPING 457 AS STOPLOSS FOR A SHORT TERM TARGET OF 490++++
5. TITAN FUTURE -APRIL(3878) BUY ON DECLINE KEEPING STOP LOSS OF 3700 FOR THE TARGET OF 4000-4200 VERY SOON. VERY POSITIVE+++++VE
6.VESUVIUS(321.00) BUY KEEPING 316 AS STOP LOSS FOR THE TARGET OF 335++++++ VERY SOON
7. ITNL(237.10) BUY KEEPING STOP LOSS OF 228 FOR THE TARGET OF 246++++++++ VERY SOON
8. THOMAS COOK(54.65) BUY KEEPING STOP LOSS OF 50.50 FOR THE TARGET OF 60++++ VERY SOON.
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.
NOW 5550-5500 SHOULD BE KEPT AS A STOP LOSS AND BUYING COULD BE STARTED FOR MORE HIGHER TARGETS OF 6000-6100. MIDCAP SPACE LOOKS MORE PROMISING THAN FRONT LINE.
INDIAN MARKETS CORRECTED MAINLY DUE TO 2 REASONS: INTEREST RATE AND CRUDE OIL. NOW MARKET IS EXPECTING THAT INTEREST RATE CYCLE IS PEAKING OUT AND SPECULATIVE RALLY IN CRUDE WILL ALSO FIZZLE OUT AS THE TENSIONS IN THE LIBYA MAY NOT SPREAD TO ALL MIDDLE EAST. FOR LAST 5 DAYS INDIAN MARKETS HAVE STRONG FIIs INFLOW NEARLY 4000 CRORES AS BANKS ARE ALSO RISING, THE UPSWING MAY CONTINUE TO RISE FOR SOME TIME.
TODAY MARCH EXPIRY SHALL TAKE PLACE AT OR AROUND 5800 AND AS THE FINANCIAL YEAR WILL ALSO CLOSE, TO KEEP UP THE N.A.V HIGHER AND CLOSING OF THE YAER SHALL TAKE PLACE ON GREEN MARKETS. HENCE SELLING 5700 PUTS AND 5800 CALLS OF MARCH SERIES SHALL GIVE PROFITS TO THE LAST DAY TRADERS.
ONE SHOULD BE CAUTIOUS IN TRADING LONG AT THIS POINT AS THE MARKET MAY CORRECT AFTER EXPIRY AND THEN RISE. HENCE WAIT FOR SOME SLIGHT CORRECTION TO 5650-5700 LEVELS TO INITIATE BUYING KEEPING THE STOP LOSS OF 5550-5500. HOWEVER MID-CAP SPACE SHALL BE THE FOCUS AND CORPORATE EARNINGS SHALL ALSO BE GIVEN THE PROPER ANALYSIS, WHICH SHALL START COMING IN FROM APRIL 2ND WEEK.
BANKS, I.T & PHARMA STOCKS ARE LOOKING GOOD IN BOTH FRONT LINE AND MID-CAP SPACE. FOLLOWING STOCKS LOOK GOOD TO TRADE TODAY:
1. BANK OF BARODA( 961.45): BUY ON EVERY DECLINE FOR A VERY SHORT TERM TARGET OF 1000+++
2. TATACOFFEE(953.45): BUY ON EVERY DIP KEEPING 900 AS STOP LOSS FOR THE TARGET OF 1000-1050++++
3. STERLITE IND(172.70): BUY ON DECLINE KEEPING 168 AS STOP LOSS FOR A SHORT TERM TARGET OF 178-180++
4. JET AIRWAYS(468.95) BUY ON DECLINE KEEPING 457 AS STOPLOSS FOR A SHORT TERM TARGET OF 490++++
5. TITAN FUTURE -APRIL(3878) BUY ON DECLINE KEEPING STOP LOSS OF 3700 FOR THE TARGET OF 4000-4200 VERY SOON. VERY POSITIVE+++++VE
6.VESUVIUS(321.00) BUY KEEPING 316 AS STOP LOSS FOR THE TARGET OF 335++++++ VERY SOON
7. ITNL(237.10) BUY KEEPING STOP LOSS OF 228 FOR THE TARGET OF 246++++++++ VERY SOON
8. THOMAS COOK(54.65) BUY KEEPING STOP LOSS OF 50.50 FOR THE TARGET OF 60++++ VERY SOON.
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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