AS EXPECTED RBI HIKED REPO & REVERSE REPO BY 25bps AND WAS HAWKISH IN POLICY STATEMENT, SHOWING THERE IS STILL ROOM FOR HIKES IN RATE FROM 50bps TO 75bps IN THIS FISCAL. GLOBAL WEAKNESS AND RBI RATE HIKE MADE THE INDICES SLIP BELOW THE PSYCHOLOGICAL LEVELS OF 5400 IN NIFTY AND 18000 IN SENSEX. NIFTY ENDED AT 5396.75, DOWN 50.75 POINTS AND SENSEX ENDED AT 17985.88, DOWN 146.36 POINTS.
ANALYSTS BELIEVE THAT MARKETS COULD SLIP MAXIMUM OF 5% TO 7% FROM CURRENT LEVELS HOWEVER GOOD MONSOON, FALLING COMMODITY PRICES, SOME POLICY ACTION BY GOVERNMENT AND EASING OF INFLATION WILL ATTRACT HUGE MONEY TO BE INVESTED IN INDIAN MARKETS,AS STILL INDIA'S GROWTH STORY IS INTACT OVER A LONGER PERIOD OF TIME. MARKET COULD TAKE SUPPORT AT 5370-5330 FOR THE TIME BEING AND IF THE MONSOON,INFLATION AND CRUDE OIL DATA ARE SUPPORTIVE INDIAN MARKETS WILL NOT FALL TOO MUCH,NEGLECTING THE MACRO ECONOMIC CHALLENGES MARKET MAY HEAD HIGHER, PURELY ON FUNDAMENTALS.
NOW WHAT A COMMON MAN-TRADER/INVESTOR SHOULD DO AT THIS POINT OF JUNCTURE????
THE BEST STRATEGY:
1.START BUYING IN QUALITY MIDCAP STOCKS,WHICH HAVE EITHER STRONG FUNDAMENTALS OR SOME STORY BEHIND IT. I HAVE ALREADY MENTIONED SEVERAL STOCKS IN THE PAST(Please search for the same in previous postings)
2.IF YOU HAVE 100 RUPEES TO INVEST.TAKE 30 FOR TRADING AND 70 FOR INVESTING.OUT OF 70 INVEST 30 NOW AND REST 40 IF THE MARKET COME DOWN TO 5200 LEVELS
3.LOOK FOR FOLLOWING SHARES:
PATNI,
INGERSOLL RAND,
SKUMAR NATIONWIDE,
ORCHID,
PIRAMAL GLASS,
SAINT GOBAIN,
KTK BANK,
KENNAMETAL
AND MANY MORE.....
FOR TODAY 17TH JUNE 2011: NIFTY MAY OPEN FLAT TO WEAK HAVING SUPPORT AT 5370 & 5330. NO LONG POSITION SHOULD BE HELD BELOW 5330. ON THE HIGHER SIDE NIFTY WILL GET RESISTANCE AT 5450-5500.
BUY CE5400 IF NIFTY OPENS NEAR SUPPORT OR ON ANY SLIP TO SUPPORTS WITH SL OF 5330. THOSE HOLDING PUTS, PE5600, PE5500 & PE5400 SHOULD BOOK PROFITS.
NOTE IN JUNE MONTH: NIFTY MAY SETTLE AT 5450.
For any doubts,queries and clarification please be on line at yahoo messenger. Id: vikas198012003@yahoo.co.in
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.
ANALYSTS BELIEVE THAT MARKETS COULD SLIP MAXIMUM OF 5% TO 7% FROM CURRENT LEVELS HOWEVER GOOD MONSOON, FALLING COMMODITY PRICES, SOME POLICY ACTION BY GOVERNMENT AND EASING OF INFLATION WILL ATTRACT HUGE MONEY TO BE INVESTED IN INDIAN MARKETS,AS STILL INDIA'S GROWTH STORY IS INTACT OVER A LONGER PERIOD OF TIME. MARKET COULD TAKE SUPPORT AT 5370-5330 FOR THE TIME BEING AND IF THE MONSOON,INFLATION AND CRUDE OIL DATA ARE SUPPORTIVE INDIAN MARKETS WILL NOT FALL TOO MUCH,NEGLECTING THE MACRO ECONOMIC CHALLENGES MARKET MAY HEAD HIGHER, PURELY ON FUNDAMENTALS.
NOW WHAT A COMMON MAN-TRADER/INVESTOR SHOULD DO AT THIS POINT OF JUNCTURE????
THE BEST STRATEGY:
1.START BUYING IN QUALITY MIDCAP STOCKS,WHICH HAVE EITHER STRONG FUNDAMENTALS OR SOME STORY BEHIND IT. I HAVE ALREADY MENTIONED SEVERAL STOCKS IN THE PAST(Please search for the same in previous postings)
2.IF YOU HAVE 100 RUPEES TO INVEST.TAKE 30 FOR TRADING AND 70 FOR INVESTING.OUT OF 70 INVEST 30 NOW AND REST 40 IF THE MARKET COME DOWN TO 5200 LEVELS
3.LOOK FOR FOLLOWING SHARES:
PATNI,
INGERSOLL RAND,
SKUMAR NATIONWIDE,
ORCHID,
PIRAMAL GLASS,
SAINT GOBAIN,
KTK BANK,
KENNAMETAL
AND MANY MORE.....
FOR TODAY 17TH JUNE 2011: NIFTY MAY OPEN FLAT TO WEAK HAVING SUPPORT AT 5370 & 5330. NO LONG POSITION SHOULD BE HELD BELOW 5330. ON THE HIGHER SIDE NIFTY WILL GET RESISTANCE AT 5450-5500.
BUY CE5400 IF NIFTY OPENS NEAR SUPPORT OR ON ANY SLIP TO SUPPORTS WITH SL OF 5330. THOSE HOLDING PUTS, PE5600, PE5500 & PE5400 SHOULD BOOK PROFITS.
NOTE IN JUNE MONTH: NIFTY MAY SETTLE AT 5450.
For any doubts,queries and clarification please be on line at yahoo messenger. Id: vikas198012003@yahoo.co.in
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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