HIKE IN FUEL PRICE THAT CAUSED MORE WORRIES ABOUT INFLATION AND THAT MAY LEAD TO MORE TIGHTENING BY THE RBI LED TO HUGE SELLING IN THE INTEREST RATE SENSITIVE SECTORS LIKE BANKING, AUTO & REALITY NIFTY ENDED AT 5499 AND SENSEX AT 18345. AS EXPECTED EARLIER LAST WEEK MARKET WENT WEAK AFTER FRIDAYS BUMP UP. ANALYSTS BELIEVE THAT MARKET MAY SEE PANIC SELLING IF NOW 5470 IS BROKEN ON THE DOWN SIDE. HOW EVER MARKET MY REMAIN IN THE BROAD RANGE OF 5500-5700. BREAK ON EITHER SIDE SHALL BRING A MOVE OF AT LEAST 200 POINTS IN NIFTY.
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.
TRADERS SHOULD BUY NIFTY/STOCKS ON ANY FALL IN DELIVERY FOR 50-60 DAYS HOLDING.
FOR TODAY BUY NIFTY CE5500, CE5600 ON OPENING OR ANY DIP DURING THE DAY. NIFTY WILL HAVE SUPPORT AT 5470 & 5440 AND RESISTANCE AT 5545 & 5580.
FOLLOWING STOCKS ARE GOOD FOR TRADING & DELIVERY:
1. LUPIN (448.05) TARGET 465-480++
2. SHRIRAM TRANSPORT FIN(616.60)
TARGET 700-780++++ (GOOD DELIVERY BUY FOR SHORT TERM )
3. TALWALKAR(236.40) TARGET 250-270++
4. SHANTI GEAR(38.50) TARGET 47-49++
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.
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