NIFTY MADE HIGH AROUND 5600 AND CLOSED LOWER AT 5538 IN LINE TO WHAT WAS EXPECTED ON FRIDAY.
NOW FOR THE COMING WEEK THERE WILL BE WILD SWINGS AND HIGH VOLATILITY AND VERY DIFFICULT TO TRADE. OPTIONS WILL BE THE BEST PLAY FOR INDEX TRADERS AND STOCK SPECIFIC MOVES TO CONTINUE AS USUAL
ONE THING SHOULD BE KEPT IN MIND VERY CLEARLY THAT NIFTY IS CURRENTLY IN THE DOWN TREND, WHICH WILL BE NEGATED IF IT REPEATEDLY CLOSES ABOVE 5620-5650 ZONE, WHICH IS RESISTANCE ZONE AND 200 D.M.A ( EARLIER WHICH WAS SUPPORT). HENCE THERE EMERGES TWO CLEARCUT DEMARCATION FOR NIFTY MOVEMENTS.
ABOVE 5620-30 ZONE NIFTY MAY TOUCH 5680-5720-5760-5840-5900-5920-6000
BELOW 5480-60 ZONE NIFTY MAY TOUCH 5420-5380-540-5300-5220-5180-5000
STRATEGY FOR THE WEEK: ONE SHOULD BUY ON DIPS(WITH A VIEW OF HOLDING 60-90 DAYS), AS THERE MAY BE GOOD VALUE BUYING BY FIIs, DIIs AND OTHERS AS MARKET IS NOW EXPECTING NO RATE HIKE ON MARCH 17TH,RBI POLICY AND COOLING-OFF OF OIL PRICES.HOWEVER ANY VALUE BUYING SHOULD BE DONE ONLY ABOVE 5620 AS THERE WILL BE CONFIRMED UPSWING ABOVE 5620 AND NIFTY MAY TOUCH 5900-6000 LIFTING ALL THE SECTORS. ALSO STOP LOSS TO ALL LONG POSITION SHOULD BE KEPT AT 5420-5400,BELOW WHICH THERE MAY BE BROAD BASED SELLING,FOR ANY REASON LIKE POLITICAL INSTABILITY,RISE IN CRUDE,UNREST IN MIDDLE-EAST,RATE HIKE BY RBI,AND SO ON.
FOLLOWING STOCKS SHOULD BE BOUGHT FOR DELIVERY (60-90 DAYS):
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 FOR THE COMING WEEK THERE WILL BE WILD SWINGS AND HIGH VOLATILITY AND VERY DIFFICULT TO TRADE. OPTIONS WILL BE THE BEST PLAY FOR INDEX TRADERS AND STOCK SPECIFIC MOVES TO CONTINUE AS USUAL
ONE THING SHOULD BE KEPT IN MIND VERY CLEARLY THAT NIFTY IS CURRENTLY IN THE DOWN TREND, WHICH WILL BE NEGATED IF IT REPEATEDLY CLOSES ABOVE 5620-5650 ZONE, WHICH IS RESISTANCE ZONE AND 200 D.M.A ( EARLIER WHICH WAS SUPPORT). HENCE THERE EMERGES TWO CLEARCUT DEMARCATION FOR NIFTY MOVEMENTS.
ABOVE 5620-30 ZONE NIFTY MAY TOUCH 5680-5720-5760-5840-5900-5920-6000
BELOW 5480-60 ZONE NIFTY MAY TOUCH 5420-5380-540-5300-5220-5180-5000
STRATEGY FOR THE WEEK: ONE SHOULD BUY ON DIPS(WITH A VIEW OF HOLDING 60-90 DAYS), AS THERE MAY BE GOOD VALUE BUYING BY FIIs, DIIs AND OTHERS AS MARKET IS NOW EXPECTING NO RATE HIKE ON MARCH 17TH,RBI POLICY AND COOLING-OFF OF OIL PRICES.HOWEVER ANY VALUE BUYING SHOULD BE DONE ONLY ABOVE 5620 AS THERE WILL BE CONFIRMED UPSWING ABOVE 5620 AND NIFTY MAY TOUCH 5900-6000 LIFTING ALL THE SECTORS. ALSO STOP LOSS TO ALL LONG POSITION SHOULD BE KEPT AT 5420-5400,BELOW WHICH THERE MAY BE BROAD BASED SELLING,FOR ANY REASON LIKE POLITICAL INSTABILITY,RISE IN CRUDE,UNREST IN MIDDLE-EAST,RATE HIKE BY RBI,AND SO ON.
FOLLOWING STOCKS SHOULD BE BOUGHT FOR DELIVERY (60-90 DAYS):
- HDIL MAY TOUCH 290-300 VERY SOON
- NAGAR FERT MAY TOUCH 33-34 VERY SOON.
- RPOWER MAY TOUCH 128-132 VERY SOON.
- UNITECH MAY TOUCH 40-44 VERY SOON.
- IFCI MAY TOUCH 55-57 VERY SOON.
- SUZLON MAY TOUCH 53-55 VERY SOON.
- TATAMOTORS MAY TOUCH 1180-1220 VERY SOON.
ASTROLOGICALLY: FOR TODAY 7TH MARCH 2011 NIFTY WILL OPEN WEAK AND GO LOWER IN THE FIRST HALF, WITH SOME RECOVERY AND UPMOVE THERE AFTER AND THEN AGAIN DECLINE AND LOWS TO CLOSE WEAK. HENCE TODAY SHORTING ON RISE AND RECOVERY WILL BE THE BEST STRATEGY TO PLAY WITH.
MARKET MAY OPEN LOWER DUE TO POLITICAL DEVELOPMENT IN THE CENTER AFTER THE D.M.K WITHDRAWING SUPPORT FROM THE U.P.A. THOUGH THERE IS NO RISK TO THE GOVERNMENT AT THE CENTER, BUT THERE WILL BE SELLING DUE TO PROFIT BOOKING, WHICH MAY LEAD TO PANIC SELLING ALSO. HENCE ONE MAY SHORT ON RISE WITH A STOP LOSS OF 5620( INTRA DAY).
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.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.