MARKET BEHAVED EXACTLY AS PREDICTED, IT OPENED WEAK AND WENT LOWER TO 5408 AND THEN RECOVERED TO 5490 AND FINALLY CLOSED WEAKISH AT 5463.MARKET REMAINED WEAK DUE TO RISING CRUDE PRICES AND POLITICAL UNCERTAINTY AT THE CENTER. RECOVERY WAS LED BY STABLE EUROPEAN MARKETS AND THEN AGAIN EVERY RISE WAS SOLD OFF.
AS CRUDE SURGES ON LIBYA WOES, IN SHORT TERM, CRUDE WILL BE TRIGGER FOR THE MARKET. NYMEX CRUDE MAY SURGE TO $130 PUSHING THE INDIAN MARKETS TO MUCH LOWER THAN AT THIS LEVELS. HENCE WAIT AND WATCH SHALL BE THE BEST STRATEGY TO PLAY ON.
THERE WILL BE MORE VOLATILE AND UNCERTAIN MOVES THIS WEEK AND TRADING IN SUCH MARKETS MAY RESULT IN LOSSES. ITS BETTER TO TRADE IN OPTIONS RATHER THAN FUTURES & CASH MARKETS. AS NIFTY HAS ENTERED IN THE NO TRADING ZONE 5400-5600, ONE SHOULD WAIT FOR THE BREAK OF EITHER SIDE FOR AT LEAST 300 POINTS MOVE IN NIFTY.
IN SHORT DONT TRADE IN NIFTY IN THE RANGE OF 5400-5600, WAIT FOR NIFTY TO BREAK EITHER 5400 ON THE DOWN SIDE OR 5600 ON THE UP SIDE. IF NIFTY BREAKS 5400 ON THE DOWN SIDE ( AS IT SEEMS VERY LIKELY) THEN NIFTY WILL TOUCH 5100-5050, HENCE GO SHORT BELOW 5400 WITH STOP LOSS OF 5500 ON THE OTHER HAND IF NIFTY SUSTAINS ABOVE 5600 THEN IT WILL TOUCH 5900-5950 HENCE GO LONG IN NIFTY IF BREAKS 5600 ON THE UPSIDE WITH STOP LOSS OF 5500. ONE CAN MAKE SUITABLE OPTION STRATEGIES ACCORDINGLY.
FOLLOWING STOCKS SHOULD BE WATCHED FOR ACTION TODAY:
1. STERLITE (166.05): HAS LIMITED DOWN SIDE AND STOCK WILL MOVE UP AS COPPER AND ALUMINIUM PRICES ARE RISING AND FIIs ARE INVESTING IN METAL COUNTERS. HENCE ANY RECOVERY IN THE MARKET WILL LEAD THE STOCK TO RISE TO 200+++.
2. ON MOBILE (216.85): THE STOCK HAS DECLARED BONUS AND THE NEWS WILL MAKE THE STOCK TO RISE TILL 230-240 HENCE BUY TODAY WITH A STOP LOSS OF 203
3. HUL(281.35): STOCK MAY RISE IN THE FALLING MARKETS AS IT WILL PLAY FOR DEFENSIVE FOR PARKING MONEY IN EQUITIES BY THE FIIs.
4. RANBAXY(445.80): SHORT THIS STOCK FOR THE TARGET OF 430-415 WITH A STOP LOSS OF 451-455
ASTROLOGICALLY: MARKETS WILL BE WEAK FROM 7TH MARCH 2011 TO 18TH MARCH 2011, WHERE IT MAY GIVE BIG JOLT TO NIFTY. EVERY DIP WILL BE A BIG BUYING OPPORTUNITY FOR THE PORTFOLIO BUILDING AND MEDIUM TO LONG TERM INVESTMENT.
AS CRUDE SURGES ON LIBYA WOES, IN SHORT TERM, CRUDE WILL BE TRIGGER FOR THE MARKET. NYMEX CRUDE MAY SURGE TO $130 PUSHING THE INDIAN MARKETS TO MUCH LOWER THAN AT THIS LEVELS. HENCE WAIT AND WATCH SHALL BE THE BEST STRATEGY TO PLAY ON.
THERE WILL BE MORE VOLATILE AND UNCERTAIN MOVES THIS WEEK AND TRADING IN SUCH MARKETS MAY RESULT IN LOSSES. ITS BETTER TO TRADE IN OPTIONS RATHER THAN FUTURES & CASH MARKETS. AS NIFTY HAS ENTERED IN THE NO TRADING ZONE 5400-5600, ONE SHOULD WAIT FOR THE BREAK OF EITHER SIDE FOR AT LEAST 300 POINTS MOVE IN NIFTY.
IN SHORT DONT TRADE IN NIFTY IN THE RANGE OF 5400-5600, WAIT FOR NIFTY TO BREAK EITHER 5400 ON THE DOWN SIDE OR 5600 ON THE UP SIDE. IF NIFTY BREAKS 5400 ON THE DOWN SIDE ( AS IT SEEMS VERY LIKELY) THEN NIFTY WILL TOUCH 5100-5050, HENCE GO SHORT BELOW 5400 WITH STOP LOSS OF 5500 ON THE OTHER HAND IF NIFTY SUSTAINS ABOVE 5600 THEN IT WILL TOUCH 5900-5950 HENCE GO LONG IN NIFTY IF BREAKS 5600 ON THE UPSIDE WITH STOP LOSS OF 5500. ONE CAN MAKE SUITABLE OPTION STRATEGIES ACCORDINGLY.
FOLLOWING STOCKS SHOULD BE WATCHED FOR ACTION TODAY:
1. STERLITE (166.05): HAS LIMITED DOWN SIDE AND STOCK WILL MOVE UP AS COPPER AND ALUMINIUM PRICES ARE RISING AND FIIs ARE INVESTING IN METAL COUNTERS. HENCE ANY RECOVERY IN THE MARKET WILL LEAD THE STOCK TO RISE TO 200+++.
2. ON MOBILE (216.85): THE STOCK HAS DECLARED BONUS AND THE NEWS WILL MAKE THE STOCK TO RISE TILL 230-240 HENCE BUY TODAY WITH A STOP LOSS OF 203
3. HUL(281.35): STOCK MAY RISE IN THE FALLING MARKETS AS IT WILL PLAY FOR DEFENSIVE FOR PARKING MONEY IN EQUITIES BY THE FIIs.
4. RANBAXY(445.80): SHORT THIS STOCK FOR THE TARGET OF 430-415 WITH A STOP LOSS OF 451-455
ASTROLOGICALLY: MARKETS WILL BE WEAK FROM 7TH MARCH 2011 TO 18TH MARCH 2011, WHERE IT MAY GIVE BIG JOLT TO NIFTY. EVERY DIP WILL BE A BIG BUYING OPPORTUNITY FOR THE PORTFOLIO BUILDING AND MEDIUM TO LONG TERM INVESTMENT.
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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