NIFTY AS PREDICTED TOUCHED 5550 A RESISTANCE ZONE AND ALL SECTORS CLOSED IN GREEN. THIS IS CORRECTIVE RALLY TO THE CURRENT DOWN TREND, WHICH MAY BE NEGATED IF NIFTY MOVES ABOVE 5555-5600 AFTER CONSOLIDATION, MAY TOUCH 5900-6000. HENCE TO SHORT ABOVE 5550-5600 WILL NOT BE A GOOD IDEA, HOWEVER IF NIFTY CLOSES BELOW 5400 FOR MORE THAN 2-3 TRADING SESSIONS THEN IT MAY TOUCH 5300 AND BELOW THAT NIFTY MAY TOUCH 5000 ALSO.
IT SHOULD BE NOTED VERY CLEARLY THAT ONE MUST PARTICIPATE IN THE MARKET WITH OPEN MIND & DYNAMIC OUTLOOK. MAKING A SINGLE VIEW OF BULLISHNESS AND BEARISHNESS WILL HAMPER IN GENERATING PROFITS AND RESULT IN LOSSES. HENCE IF NIFTY SUSTAINS ABOVE 5600 THEN GO LONG IN NIFTY FR TARGET OF 5900-6000 KEEPING STOP LOSS OF 5550-5500. HOWEVER ONE SHOULD NOTE THAT SAFE & SURE SHOT SHORTS COULD BE DONE BELOW 5200-5170 WITH STOP LOSS OF 5300 FOR TARGET OF 5000-4920.
CREDIT POLICY BY RBI ON 17TH MARCH 2011 IS THE NEXT BIG EVENT WHICH MAY BE HANG OVER FOR THE MARKET TO RISE ABOVE 5600. HENCE ONE SHOULD WAIT FOR SOME TIME BEFORE START BUYING IN CASH AT THESE LEVELS.
ASTROLOGICALLY THE PLANETARY CONFIGURATION SHOWS THAT THERE MAY BE SOME BEARISHNESS TO 5200-5000 LEVELS BY NEXT 15-25 DAYS DUE TO VARIOUS GLOBAL FACTORS, WHICH WILL BE GOOD BUYING OPPORTUNITY FOR THE LONG TO MEDIUM TERM PORTFOLIO BUILDING.
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.
IT SHOULD BE NOTED VERY CLEARLY THAT ONE MUST PARTICIPATE IN THE MARKET WITH OPEN MIND & DYNAMIC OUTLOOK. MAKING A SINGLE VIEW OF BULLISHNESS AND BEARISHNESS WILL HAMPER IN GENERATING PROFITS AND RESULT IN LOSSES. HENCE IF NIFTY SUSTAINS ABOVE 5600 THEN GO LONG IN NIFTY FR TARGET OF 5900-6000 KEEPING STOP LOSS OF 5550-5500. HOWEVER ONE SHOULD NOTE THAT SAFE & SURE SHOT SHORTS COULD BE DONE BELOW 5200-5170 WITH STOP LOSS OF 5300 FOR TARGET OF 5000-4920.
CREDIT POLICY BY RBI ON 17TH MARCH 2011 IS THE NEXT BIG EVENT WHICH MAY BE HANG OVER FOR THE MARKET TO RISE ABOVE 5600. HENCE ONE SHOULD WAIT FOR SOME TIME BEFORE START BUYING IN CASH AT THESE LEVELS.
ASTROLOGICALLY THE PLANETARY CONFIGURATION SHOWS THAT THERE MAY BE SOME BEARISHNESS TO 5200-5000 LEVELS BY NEXT 15-25 DAYS DUE TO VARIOUS GLOBAL FACTORS, WHICH WILL BE GOOD BUYING OPPORTUNITY FOR THE LONG TO MEDIUM TERM PORTFOLIO BUILDING.
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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