Thursday, June 9, 2011

MARKET VIEW FOR 9TH JUNE 2011

THE MUCH AWAITED NATIONAL MANUFACTURING POLICY,WHICH WAS SUPPOSED TO BE ANNOUNCED ON 7TH JUNE 2011 BY PRIME MINISTER,POSTPONED TO TO SOME REASONS WILL BE ANNOUNCED TODAY. THE POLICY WILL HELP IN DELIVERING THE DOUBLE DIGIT GDP GROWTH BY BOOSTING INDUSTRY LIKE TEXTILES, LEATHER AND MANUFACTURING, GEMS & JEWELRY AND CAPITAL GOODS.


THIS COULD BE 1ST STEP BY THE GOVERNMENT TO START SOOTHING THE MARKET.AS SOON AS THE POLICY WILL BE ANNOUNCED MARKETS WILL SEE JUMP AND RISE. THOUGH THE RISE IN THE MARKET WILL BE SHORT LIVED BUT IT WILL BOOST THE SENTIMENT FOR A WHILE. SO ENJOY THE MOMENTUM, IF IT COMES!!!!!!!!!!


THOSE WHO OWN CE5500, CE5600 SHOULD WAIT FOR MARKETS TO TOUCH 5620-5650 TO BOOK PROFIT.THOSE WHO WANT TO TRADE SHOULD BUY THE ABOVE CALLS AT THE TIME OF OPENING OF THE MARKET AND ADD CALLS ON EVERY DIP. ONE CAN BOOK PROFITS AT THE END OF THE DAY OR IN 2-3 DAYS.


RELIANCE(949.20):SOME UP MOVE WILL BE SEEN IN 2-3 DAYS MAY BE HITTING 1000++. BUY CE950 IN RELIANCE FOR GOOD PROFIT.


LT(1702.7):2%-5% UP SIDE BY NEXT 4-5 DAYS


IRB(164.55): 25%-50% RISE BY NEXT 3-4 MONTHS.


BATA(514.00):STOCK MAY RISE TO 600++ VERY SOON


RCOM(94.35):STOCK COULD RISE TO 104-15 LEVELS SOON.ONE CAN BUY CALL OPTION OF STRIKE PRICE 100 IN JUNE SERIES.


STOCK TO BUY TODAY FOR SHORT TERM GAINS/MOMENTUM(DUE TO NATIONAL MANUFACTURING POLICY ANNOUNCEMENT):


TEXTILE STOCKS LIKE SKUMAR,ARVIND, ALOK, ETC.,


LEATHER STOCKS LIKE BATA, MIRZA INTERNATIONAL, CREW B.O.S, 


GEMS & JEWELS STOCKS LIKE GITANJALI, TITAN, ETC


CAPITAL GOOD STOCKS LIKE LT, BHEL, KEC, ETC.,


OTHER STOCKS TO BUY FOR TODAY


TATA COMMUNICATION(218.40): A SPURT COULD BE SEEM DUE TO LAND BANK BONANZA. WATCH THIS STOCK MAY GIVE HUGE RISE TODAY.




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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