MARKET WITNESSED THE SELLING PRESSURE DUE TO RISING CRUDE PRICES, TENSIONS IN LIBYA, AND WEAK GLOBAL CUES. THOUGH THERE WAS ACTIVITY IN MID CAPS AND ADAG GROUP SHARES BUT THE OVERALL MARKET VOLUME WAS LOW, INDICATING LACK OF PARTICIPATION AND UNCERTAINTY AND LACK OF DIRECTION.
AS ALREADY MENTIONED, NIFTY IS IN NO TRADE ZONE 5400-5600, THERE REMAINS LOT OF VOLATILITY AND TUG OF WAR BETWEEN BULLS & BEARS. BEST STRATEGY TO GAIN FROM THE MARKET IS TO SIT ASIDE AND WAIT FOR CLEAR DIRECTION ON THE BREAK OF THE EITHER SIDE, 5400 ON THE DOWN SIDE OR 5600 ON THE HIGHER SIDE.
IT IS IMPORTANT TO MENTION THAT UNLESS THE MARKET MOVES ABOVE 5600 ON SUSTAINED BASIS , MARKETS WILL BE CONSIDERED TO BE IN A BEAR PHASE, AS THERE ARE LOT OF SYMPTOMS OF WEAK MARKETS AND HANGOVER LIKE RBI MEETING ON 17TH MARCH, Q4 RESULTS STARTING FROM APRIL, CRUDE OIL HANGOVER, GLOBAL UNCERTAINTY AND OTHER MACROECONOMIC DATA, WHICH MAY SPOIL THE SENTIMENT. THE RANGE 5400-5600 WILL BE BROKEN IN NEXT 1-2 WEEKS AND MARKETS WILL TAKE FRESH DIRECTION. THE CHANCES ARE THAT MARKETS WILL DRIFT DOWN WARD TOWARDS 5000-5200 LEVELS.
TODAY MARKETS WILL OPEN WEAK DUE TO POOR GLOBAL CUES, ESPECIALLY AMERICA, WHICH IS NEGATIVE DUE TO RISING UNEMPLOYMENT DATA, EVEN THOUGH CRUDE HAS COOLED A BIT, MARKETS WILL WAIT FOR IIP DATA AND THEN TAKE FRESH DIRECTION. INITIALLY THERE WILL BE SELLING IN MARKETS AND VOLATILITY WILL BE AT PEAK.TRADING TODAY MAY RESULT IN LOSSES AND MISCALCULATIONS.
ONE CAN FORM STRADDLE IN CE/PE 5400, CE/PE 5300 FOR GAIN OF 50-80 POINTS IN ONE OR TWO DAYS ON EVERY SHARP RISE.
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.
AS ALREADY MENTIONED, NIFTY IS IN NO TRADE ZONE 5400-5600, THERE REMAINS LOT OF VOLATILITY AND TUG OF WAR BETWEEN BULLS & BEARS. BEST STRATEGY TO GAIN FROM THE MARKET IS TO SIT ASIDE AND WAIT FOR CLEAR DIRECTION ON THE BREAK OF THE EITHER SIDE, 5400 ON THE DOWN SIDE OR 5600 ON THE HIGHER SIDE.
IT IS IMPORTANT TO MENTION THAT UNLESS THE MARKET MOVES ABOVE 5600 ON SUSTAINED BASIS , MARKETS WILL BE CONSIDERED TO BE IN A BEAR PHASE, AS THERE ARE LOT OF SYMPTOMS OF WEAK MARKETS AND HANGOVER LIKE RBI MEETING ON 17TH MARCH, Q4 RESULTS STARTING FROM APRIL, CRUDE OIL HANGOVER, GLOBAL UNCERTAINTY AND OTHER MACROECONOMIC DATA, WHICH MAY SPOIL THE SENTIMENT. THE RANGE 5400-5600 WILL BE BROKEN IN NEXT 1-2 WEEKS AND MARKETS WILL TAKE FRESH DIRECTION. THE CHANCES ARE THAT MARKETS WILL DRIFT DOWN WARD TOWARDS 5000-5200 LEVELS.
TODAY MARKETS WILL OPEN WEAK DUE TO POOR GLOBAL CUES, ESPECIALLY AMERICA, WHICH IS NEGATIVE DUE TO RISING UNEMPLOYMENT DATA, EVEN THOUGH CRUDE HAS COOLED A BIT, MARKETS WILL WAIT FOR IIP DATA AND THEN TAKE FRESH DIRECTION. INITIALLY THERE WILL BE SELLING IN MARKETS AND VOLATILITY WILL BE AT PEAK.TRADING TODAY MAY RESULT IN LOSSES AND MISCALCULATIONS.
ONE CAN FORM STRADDLE IN CE/PE 5400, CE/PE 5300 FOR GAIN OF 50-80 POINTS IN ONE OR TWO DAYS ON EVERY SHARP RISE.
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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