MARKET VIEW FOR 2ND JUNE 2011

MARKET CLOSED POSITIVE AFTER THE SMALL RANGE BOUND TRADE THROUGHOUT THE DAY,NIFTY ENDED AT 5592 UP 31.85 & SENSEX ENDED AT 18608.81 UP 105.53.EVEN AFTER THE INITIAL SELLING BY THE FIIs,THEY REMAIN THE NET BUYERS TODAY, HOWEVER DIIs KEEP ON SELLING.


ANALYSTS BELIEVE THAT ONLY POOR MONSOON,SPURT IN CRUDE PRICES,HIKE IN INTEREST RATE BY RBI, PERSISTENT INFLATION, GEO-POLITICAL DISTURBANCES,OR DEEPENING OF EUROPEAN CRISIS COULD MAKE THE NIFTY TO FALL BELOW 5300 LEVEL.


NOW AS SAID EARLIER ON THE MONDAY, 30TH MAY 2011 THERE WILL BE ECONOMIC COUNCIL MEETING, WITH PM AND PLANNING COMMISSION ON 7TH JUNE, BEFORE THE EGoM SCHEDULED ON 9TH JUNE, WHICH IS TO FOCUS ON THE ECONOMIC CONDITIONS,INFLATION CHALLENGES AND GROWTH PROSPECTS ALSO FDI IN RETAIL, ETC COULD TRIGGER THE MARKET POSITIVELY AFTER THE NEXT WEEK.HENCE NEXT WEEK WILL BE VERY IMPORTANT FOR THE SHORT TERM MARKET MOVEMENT.


NIFTY COULD BE IN A RANGE OF 5480-5620 IN THIS WEEK BUT ANY BREAKOUT ABOVE 5650 COULD COME ONLY AFTER THE OUTCOME OF MEETING OF 7TH JUNE AND 9TH JUNE. HENCE ITS IMPORTANT WEEK(6TH JUNE TO 10TH JUNE)!!!!!


FOR TODAY NIFTY WILL REMAIN IN A RANGE OF 5540-5620 WITH SLUGGISH MOVE IN STOCKS & PROFIT BOOKING IN SOME COUNTERS.


FOLLOWING STOCKS/NIFTY OPTION(S) SHOULD BE CONSIDERED FOR INVESTMENT & TRADING:


NIFTY CE5600:BUY JUNE CALL @ 90 SL 50 TGT 140-150 BY NEXT WEEK


MARUTI(1250.10):BUY FOR 4-5 DAYS WITH TARGET OF 1300-1320++


SBI(2329.20):BUY FOR BOTH SHORT TERM AND MEDIUM TERM DELIVERY, TARGET OF 2480&3000 BY NEXT 10 DAYS& 6 MONTHS RESPECTIVELY.


INDIAN HOTEL(81.95):BUY FOR THE SHORT TERM TARGET OF 95+++ AND MEDIUM TERM TARGET OF 120++.
( THERE WILL BE SOME POSITIVE MOVEMENT WILL BE SEEN IN HOTEL STOCKS, HENCE TRY TO BUY & ACCUMULATE HOTEL STOCKS. 


SADBHAV ENGINEERING(145.80): A VERY GOOD BUY FOR SHORT TERM TARGET OF 160++ AND MEDIUM TERM TARGET OF 225++ 


K.S OILS (27.05):BUY FOR THE SHORT TERM TARGET OF 32-34 KEEPING 24 AS STOP LOSS.


LT(1684.95):BUY FOR THE SHORT TERM TARGET OF 1760 AND MEDIUM TERM TARGET OF 1900++ 


DEEPAK FERTILSER(178.55):BUY FOR SHORT TERM TARGET OF 200++ AND 6 MONTHS TARGET OF 300+++

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.

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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.