EVERY TRADER AND MARKET PARTICIPANT WAS SURPRISED BY THE STRONG GAINS IN INDICES ON FRIDAY,WHERE SENSEX & NIFTY GAINED MORE THAN 500 & 150 POINTS RESPECTIVELY.THE SHORT TERM DOWN TREND IS REVERSED AS THE MARKET HAS CLOSED ABOVE ITS 20 DMA,ALSO ITS IMPORTANT TO NOTE THAT IN THE PAST WEEK NIFTY INDICES HAVE FORMED HIGHER BOTTOM (NIFTY 5195 Vs 5177 & SENSEX 17314 Vs 17295). HOWEVER IT IS SIGNIFICANT TO NOTE THAT NOTHING HAS CHANCED FUNDAMENTALLY WHICH COULD BE ATTRIBUTED FOR THIS REVERSAL,HENCE IT SHOWS THAT THE CURRENT UP MOVE IS CORRECTIVE RALLY WHICH COULD LAST 5520-5600.
AS EXPLAINED EARLIER SEVERAL TIMES THAT MARKET ANTICIPATES THE EVENTS,EARNINGS,DATA ETC 6 MONTHS PRIOR TO THE ACTUAL,THERE COULD BE REVERSAL FROM THE BOTTOM BELOW 5200,WHICH WILL BE CONFIRMED IF NIFTY MOVES ABOVE 5650 WITH HUGE VOLUMES AND BUYING BY FIIs.
SINCE THERE REMAINS THE CONFIRMATION ON THE FACTORS LIKE, MONSOON,INFLATION,INTEREST RATE,CRUDE & COMMODITY PRICES IN THE SHORT TERM, ITS DOUBTFUL THAT CURRENT UP MOVE WILL LAST ABOVE 5650.
FOR OPTION PLAYERS/SPECULATORS: KEEPING 5650 AS STOP LOSS BUYING PUTS OF JULY SERIES, PE5500,PE5400,PE5300 OR SHORTING NIFTY (JULY) AS & WHEN IT APPROACHES NEAR 5520-5600 ZONE WILL BE THE BEST PLAY FOR SPECULATORS,SHORT TERM NIFTY TRADERS AND OPTION PLAYERS.
BUY SAIL CE140(JULY)@3.5. STOCK WILL BE PROFITABLE WHEN MOVE ABOVE 143.50 IN JULY. TARGET-148++
ASIAN PAINT FUTURE(JULY) @2985 STOP-LOSS 2896 TARGET 3150.
FOR INVESTORS:LONG TO MEDIUM TERM INVESTORS:,should never attempt to time the market and wait for correction and fall to start buy, rather they should regularly keep on investing some amount in good quality front-line and mid-cap stocks. RELIANCE IND, SBI, ICICIBANK, HDFC BANK,MARUTI,TATA MOTORS,CIPLA,LUPIN,TATASTEEL,etc are the evergreen stocks to invest in.
FOR SHORT TERM TRADERS:FOLLOWING STOCKS WILL GIVE THE OPPORTUNITY TO TRADE IN DELIVERY WITH 2-3 MONTHS VIEW:
GRAPHITE(89) T-100-110++
ITHL(177) T-210-220++
PRAJ(72) T-80-90++
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.
AS EXPLAINED EARLIER SEVERAL TIMES THAT MARKET ANTICIPATES THE EVENTS,EARNINGS,DATA ETC 6 MONTHS PRIOR TO THE ACTUAL,THERE COULD BE REVERSAL FROM THE BOTTOM BELOW 5200,WHICH WILL BE CONFIRMED IF NIFTY MOVES ABOVE 5650 WITH HUGE VOLUMES AND BUYING BY FIIs.
SINCE THERE REMAINS THE CONFIRMATION ON THE FACTORS LIKE, MONSOON,INFLATION,INTEREST RATE,CRUDE & COMMODITY PRICES IN THE SHORT TERM, ITS DOUBTFUL THAT CURRENT UP MOVE WILL LAST ABOVE 5650.
FOR OPTION PLAYERS/SPECULATORS: KEEPING 5650 AS STOP LOSS BUYING PUTS OF JULY SERIES, PE5500,PE5400,PE5300 OR SHORTING NIFTY (JULY) AS & WHEN IT APPROACHES NEAR 5520-5600 ZONE WILL BE THE BEST PLAY FOR SPECULATORS,SHORT TERM NIFTY TRADERS AND OPTION PLAYERS.
BUY SAIL CE140(JULY)@3.5. STOCK WILL BE PROFITABLE WHEN MOVE ABOVE 143.50 IN JULY. TARGET-148++
ASIAN PAINT FUTURE(JULY) @2985 STOP-LOSS 2896 TARGET 3150.
FOR INVESTORS:LONG TO MEDIUM TERM INVESTORS:,should never attempt to time the market and wait for correction and fall to start buy, rather they should regularly keep on investing some amount in good quality front-line and mid-cap stocks. RELIANCE IND, SBI, ICICIBANK, HDFC BANK,MARUTI,TATA MOTORS,CIPLA,LUPIN,TATASTEEL,etc are the evergreen stocks to invest in.
FOR SHORT TERM TRADERS:FOLLOWING STOCKS WILL GIVE THE OPPORTUNITY TO TRADE IN DELIVERY WITH 2-3 MONTHS VIEW:
GRAPHITE(89) T-100-110++
ITHL(177) T-210-220++
PRAJ(72) T-80-90++
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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