IT HAS BEEN A DAY WHICH SAW RESILIENCE IN THE MARKET EVEN AFTER THE ALARMING INFLATION FIGURES. MARKET NEGLECTED ALL HE BAD NEWS AND CLOSED IN GREEN.NIFTY CLOSED AT 5500(UP 17.70) AND SENSEX AT 18308.66(UP 42.63)ON POSITIVE GLOBAL CUES, BUT WITH LOW VOLUMES.
ANALYSTS BELIEVE THAT MARKET HAS PRICED IN THE 25bps HIKE IN INTEREST RATE BY RBI ON 16TH JUNE POLICY REVIEW MEET. GOING FORWARD, ANALYSTS FORESEE 50bps TO 75bps HIKE OVER NEXT SIX TO NINE MONTHS. ALSO THEY BELIEVE THAT INFLATION & INTEREST RATES MAY TAPER DOWN BY THE END OF THIS YEAR. NOW A GOOD MONSOON AND CRUDE BELOW $100 WILL BOOST THE SENTIMENT AFTER 3-4 MONTHS AND INDIAN EQUITY MARKET WILL SET FOR GOOD UP SIDE SPURT HEADING NIFTY TO 6700++ AND SENSEX TO 23000++. HOWEVER THIS WILL TAKE 2-3 QUARTERS FROM NOW. HENCE THERE MUST BE SOME GOOD VALUE PICKS FOR MEDIUM TO LONG TERM PORTFOLIO.
TODAY, 15TH JUNE:MARKETS MAY OPEN IN GREEN DUE TO POSITIVE GLOBAL CUES, BUT THE MARKET MAY NOT SUSTAIN AT THE HIGHER LEVELS(AROUND 5550-5600). IT IS ADVISABLE TO BUY PE5600 & PE5500 AT THESE HIGHER LEVELS AND HOLD TILL MARKET COMES DOWN FROM 16TH. IF THE RBI HIKES THE RATE BY MORE THAN 5bps AND THE LANGUAGE REMAINS HAWKISH THEN CERTAINLY WE ARE GOING TO SEE NIFTY AROUND 5200-5000 RANGE BY NEXT 1-2 MONTHS.
NO DELIVERY BUYING IS SUGGESTED TILL 16TH POLICY IS OUT. HOWEVER ALL PREVIOUS RECOMMENDATIONS SHOULD BE CONSIDERED FOR THE VALUE PICK.
THOSE INTERESTED IN INFORMATION DURING THE TRADING SESSION MAY JOIN THE YAHOO CHAT: vikas198012003@yahoo.co.in
ATROLOICALLY: THERE WILL BE A SHARP FALL AFTER THE LUNAR ECLIPSE TONITE AND FROM 16TH THERE WILL BE SHORT TERM WEAKNESS, WHERE NIFTY COULD TEST 5400-5350. SELLING STOCKS AT THESE LEVELS AND BUYING BACK AFTER SOME DAYS MAY REDUCE YOUR COST PRICE. A BIG RALLY WILL BE SEEN FROM AUGUST 12TH, 2011
ANALYSTS BELIEVE THAT MARKET HAS PRICED IN THE 25bps HIKE IN INTEREST RATE BY RBI ON 16TH JUNE POLICY REVIEW MEET. GOING FORWARD, ANALYSTS FORESEE 50bps TO 75bps HIKE OVER NEXT SIX TO NINE MONTHS. ALSO THEY BELIEVE THAT INFLATION & INTEREST RATES MAY TAPER DOWN BY THE END OF THIS YEAR. NOW A GOOD MONSOON AND CRUDE BELOW $100 WILL BOOST THE SENTIMENT AFTER 3-4 MONTHS AND INDIAN EQUITY MARKET WILL SET FOR GOOD UP SIDE SPURT HEADING NIFTY TO 6700++ AND SENSEX TO 23000++. HOWEVER THIS WILL TAKE 2-3 QUARTERS FROM NOW. HENCE THERE MUST BE SOME GOOD VALUE PICKS FOR MEDIUM TO LONG TERM PORTFOLIO.
TODAY, 15TH JUNE:MARKETS MAY OPEN IN GREEN DUE TO POSITIVE GLOBAL CUES, BUT THE MARKET MAY NOT SUSTAIN AT THE HIGHER LEVELS(AROUND 5550-5600). IT IS ADVISABLE TO BUY PE5600 & PE5500 AT THESE HIGHER LEVELS AND HOLD TILL MARKET COMES DOWN FROM 16TH. IF THE RBI HIKES THE RATE BY MORE THAN 5bps AND THE LANGUAGE REMAINS HAWKISH THEN CERTAINLY WE ARE GOING TO SEE NIFTY AROUND 5200-5000 RANGE BY NEXT 1-2 MONTHS.
NO DELIVERY BUYING IS SUGGESTED TILL 16TH POLICY IS OUT. HOWEVER ALL PREVIOUS RECOMMENDATIONS SHOULD BE CONSIDERED FOR THE VALUE PICK.
THOSE INTERESTED IN INFORMATION DURING THE TRADING SESSION MAY JOIN THE YAHOO CHAT: vikas198012003@yahoo.co.in
ATROLOICALLY: THERE WILL BE A SHARP FALL AFTER THE LUNAR ECLIPSE TONITE AND FROM 16TH THERE WILL BE SHORT TERM WEAKNESS, WHERE NIFTY COULD TEST 5400-5350. SELLING STOCKS AT THESE LEVELS AND BUYING BACK AFTER SOME DAYS MAY REDUCE YOUR COST PRICE. A BIG RALLY WILL BE SEEN FROM AUGUST 12TH, 2011
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.
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.