AS MENTIONED,LAST WEEK MARKET ACTED ON THE SIMILAR PATTERN NIFTY BOUNCED BACK TILL 5520 BUT FINISHED LOWER AT 5486.35 ON ACCOUNT OF WEEK-END AND SHORTING AT THE HIGHER LEVELS.
SINCE THIS IS THE EXPIRY WEEK (F&O SETTLEMENT ON 26TH MAY)OPTION DATA SUGGEST THAT NIFTY MAY MAXIMUM RISE TILL 5590-95 BUT THERE WILL BE SHORTING/SELLING PRESSURE WHICH MAY BRING NIFTY TO SUB 5400 AND NIFTY MAY SETTLE BELOW 5400 AND EVEN TEST 5300-5315.
FUNDAMENTALLY AS MENTIONED EARLIER MARKET IS DRIFTING DOWN, HOWEVER THIS SHOULD BE KEPT IN THE MIND THAT MARKETS MAY NOT TAKE A TOLL IN THE SHORT TERM AS THERE ARE MANY OTHER FACTORS WHICH ARE LIKELY TO AFFECT AFTER THE EXPIRY.
GOOD MONSOON EXPECTATION, EASING OF INFLATION,GROWTH IN IIP, COOLING OF CRUDE PRICES BELOW $85 AND STARTING OF FIIs FLOW IN INDIA SHALL STOP THE FALL ON THE MARKETS AND NIFTY MAY RISE LEADING TO SHORT COVERING RALLY. HENCE THE BROAD RANGE OF THE MARKET FOR NEXT 45-60 DAYS SHALL BE 5900-5200. NOTE THE RANGE IN ADVANCE AS WE MAY SEE THAT THE HIGHER RANGE COULD ALSO BE SEEN ANY TIME SURPRISING ALL!!!!!!!!!!!!!!!!!!!!
ASTROLOGICALLY THE SOLAR & LUNAR ECLIPSE WILL GIVE BIRTH TO NEW S-CYCLE, WHERE IN RANGE OF THE NIFTY SHALL BE 5200-5900.
ASTROLOGICALLY: TRANSIT OF JUPITER IN ARIES, PROVED NEGATIVE FOR BANKING SECTOR, RAHU WILL TRANSIT FROM SAGITTARIUS TO SCORPIO IN JUNE FIRST WEEK MAY BRING UNEXPECTED MOVE FROM ONE WEEK PRIOR TO TRANSIT AND 3 WEEKS AFTER THE TRANSIT,BEYOND ANY ONE'S IMAGINATION IN A DECEPTIVE MANNER AND AGAINST THE TREND,IF THIS IS CONSIDERED TRUE THEN NIFTY SHOULD BE HEADING 5900 IN A DECEPTIVE MANNER.LOOK TO BUY CE5300,CE5400,CE5500&CE5600 OF JUNE SERIES ON ANY DECLINE IN THIS WEEK.
MARKETS FROM THE NEXT WEEK 30TH MAY 2011, MAY FORM THE BOTTOM TO MAKE SOME UPMOVE. HENCE ONE SHOULD NOT BE TOO BEARISH IN THE MARKETS.
NOTE: FRESH LIST OF SHARES WILL BE MENTIONED TODAY AFTERNOON.
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.
MARKETS FROM THE NEXT WEEK 30TH MAY 2011, MAY FORM THE BOTTOM TO MAKE SOME UPMOVE. HENCE ONE SHOULD NOT BE TOO BEARISH IN THE MARKETS.
NOTE: FRESH LIST OF SHARES WILL BE MENTIONED TODAY AFTERNOON.
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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