HEAVY SELLING PRESSURE WAS SEEN IN MARKET DUE TO WEAK GLOBAL CUES , WHERE METALS, BANKING, I.T AND REALITY APPEARED AS MAJOR LOOSERS WHILE FMCG WAS FIRM. SENSEX CLOSED AT 18721(DOWN 136) & NIFTY AT 5616(DOWN 44).MARKET BREADTH WAS NEGATIVE, HOWEVER FIIs WERE NET BUYERS. HIGH VOLATALITY AHEAD OF SOON-TO-BEGIN EARNINGS SEASON ADDED FUEL TO WEAKNESS.


THREE MAJOR EVENTS, INFOSYS RESULT & GUIDANCE, IIP DATA & REJIG OF CABINET MINISTRIES  ARE THE KEY EVENTS TO WATCH FOR. MARKET WILL TAKE CUES 1ST FROM GLOBAL MARKETS, THEN INFOSYS RESULT, BEFORE THE MARKET, THEN GUIDANCE DURING THE OPENING OF THE MARKET, THEN IIP DATA AT NOON AND THEN CABINET MINISTRIES REJIG TO IMPROVE THE GOVERNMENT'S IMAGE & EFFICIENCY, SHALL KEEP ON AFFECTING THE SENTIMENT TODAY, SO ONE CAN EXPECT WHAT KIND OF VOLATILITY & DRAMA WILL BE THERE IN THE MARKET. 


TRADERS ARE ADVISED TO SIT ASIDE AND KEEP AWAY FROM TRADING AND PUNTING TODAY,IT MAY LEAD TO LOSSES ONLY,LET THE MARKET SETTLE  IN A DAY OR TWO AFTER THE QUARTERLY RESULTS AND THEN TAKE THE CALL IN THE MARKETS.


NIFTY TRADED IN THE RANGE OF 5601-5653 AND SETTLED AT 5516, ABOVE SUPPORT OF 5610. NOW IT IS EXPECTED THAT NIFTY WILL CONSOLIDATE BETWEEN 5500-5700 IN THE NEAR TERM.


THE RANGE FOR THE NIFTY TODAY SHALL BE 5590-5670. THE RESISTANCE FOR THE NIFTY SHALL BE AT 5690 & 5730 ON THE OTHER HAND SUPPORT FOR THE  NIFTY SHALL BE AT 5570 & 5550. BELOW 5550 NIFTY SHALL SEE FREE FALL TO 5470.


BUYING IS ADVISABLE ON ANY SHARP CUT IN INDICES AND STOCK SPECIFIC APPROACH SHOULD BE FOLLOWED. TRY TO ACCUMULATE THE GOOD QUALITY STOCKS, IF THE ARE FOUND LOWER, ON ANY NEGATIVE SENTIMENT IN THE MARKET.


OPTION PLAYERS CAN BUY CE5500 & CE500 ON OPEING IF THE MARKET OPENS WITH THE DEEP CUT, SAY AROUND 5580-90. KEEPING THE STOP-LOSS AT 5550. SIMILARLY WHEN NIFTY MOES ABOVE 5616 IN POSITIVE ZONE ONE SHOULD START BOOKING PROFITS IN CALLs AND BUY PE5600 & PE5500, IF MARKET OPENS HIGH OR REACHES HIGH AROUND 5640-5670.


ASTROLOGICALLY: Nifty will remain in a range with profit booking at every higher range or  may witness selling pressure in positive zone. Buying of Calls & Puts of 5600 (STRADDLE OF 5600) shall give opportunity to trade and book profit on intra-day basis.

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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