MARKETS WERE RANGE BOUND YESTERDAY AND NIFTY CLOSED AT 5650 UP 23 POINTS AND SENSEX AT 18814 UP 51 TO ITS PREVIOUS CLOSE. MARKET BREADTH WAS POSITIVE AND IT SEEMS MARKET IS CONSOLIDATING ABOVE 5600.
NOW IF NIFTY MANAGES TO CLOSE ABOVE 5705-5750 BY NEXT 2-3 ATTEMPTS THEN THERE WILL BE 200 POINTS UP MOVE ELSE IF NIFTY FAILS TO MOVE BEYOND 5705(CHANCES OF WHICH ARE MORE THAT IT WILL FAIL), THEN NIFTY WILL GRADUALLY DRIFT DOWN TO 5470 LEVELS OVER A PERIOD OF NEXT 10-12 TRADING SESSIONS, WITH SUDDEN SHORT COVERINGS, MAINTAINING THE BROAD RANGE OF 5450-5750 UNTIL THE RESULTS ARE OUT AND SOME MORE CLUES & CUES BECOME EVIDENT.
FOR TODAY THE TRADING RANGE SHOULD BE 5625-5710 WITH THE SUPPORT SHOULD BE IN THE RANGE 5590-5610 AND RESISTANCE SHOULD BE 5730 & 5750.
WHAT ONE SHOULD DO?????
ONE SHOULD FOCUS ON STOCK SPECIFIC APPROACH. ALREADY MENTIONED SEVERAL STOCKS WHICH HAVE OUT PERFORMED THE MARKET AND SIMILARLY OTHERS WILL KEEP ON DOING THE SAME. FEW MORE IDEAS ARE AS FOLLOWS:
1.DHANLAKHSMI BANK(118.30):BUY FOR SHORT TERM TARGET OF 160+++. VERY POSITIVE NEWS AND TRIGGER FOR SHORT TERM. MUST BUY IN DELIVERY.
2.IL&FS TRANSPORT(216.00):BUY FOR SHORT TERM TARGET OF 250++.
3.PIRAMAL GLASS(131.80): BUY FOR SHORT TERM TARGET OF 155+++. ANY TIME STOCK WILL SPURT. JUST BUY & HOLD. A SAFE BET FOR THOSE WHO CAN'T TAKE MUCH RISK. STOCK WILL DO EXTREMELY WELL IN THE LONG TO MEDIUM TERM ALSO.
4.STERLITE TECHNO(55.50): BUY FOR THE SHORT TERM TARGET OF 65+++. DELIVERY BUY FOR THOSE WHO WANT TO TAKE LESS RISK IN THE MARKET. A GOOD BUY FOR MEDIUM TO LONG TERM.
ASTROLOGICALLY: MARKETS MAY OPEN IN GREEN BUT THERE WILL BE SELLING PRESSURE AND IT MAY GRIND DOWN TO NEGATIVE TERRITORY AND THERE WILL BE SHORT COVERINGS ALSO. HENCE THERE WILL BE VOLATILE SESSION. BUY BOTH CE AND PE FOR INTRA-DAY GAINS.
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.
NOW IF NIFTY MANAGES TO CLOSE ABOVE 5705-5750 BY NEXT 2-3 ATTEMPTS THEN THERE WILL BE 200 POINTS UP MOVE ELSE IF NIFTY FAILS TO MOVE BEYOND 5705(CHANCES OF WHICH ARE MORE THAT IT WILL FAIL), THEN NIFTY WILL GRADUALLY DRIFT DOWN TO 5470 LEVELS OVER A PERIOD OF NEXT 10-12 TRADING SESSIONS, WITH SUDDEN SHORT COVERINGS, MAINTAINING THE BROAD RANGE OF 5450-5750 UNTIL THE RESULTS ARE OUT AND SOME MORE CLUES & CUES BECOME EVIDENT.
FOR TODAY THE TRADING RANGE SHOULD BE 5625-5710 WITH THE SUPPORT SHOULD BE IN THE RANGE 5590-5610 AND RESISTANCE SHOULD BE 5730 & 5750.
WHAT ONE SHOULD DO?????
ONE SHOULD FOCUS ON STOCK SPECIFIC APPROACH. ALREADY MENTIONED SEVERAL STOCKS WHICH HAVE OUT PERFORMED THE MARKET AND SIMILARLY OTHERS WILL KEEP ON DOING THE SAME. FEW MORE IDEAS ARE AS FOLLOWS:
1.DHANLAKHSMI BANK(118.30):BUY FOR SHORT TERM TARGET OF 160+++. VERY POSITIVE NEWS AND TRIGGER FOR SHORT TERM. MUST BUY IN DELIVERY.
2.IL&FS TRANSPORT(216.00):BUY FOR SHORT TERM TARGET OF 250++.
3.PIRAMAL GLASS(131.80): BUY FOR SHORT TERM TARGET OF 155+++. ANY TIME STOCK WILL SPURT. JUST BUY & HOLD. A SAFE BET FOR THOSE WHO CAN'T TAKE MUCH RISK. STOCK WILL DO EXTREMELY WELL IN THE LONG TO MEDIUM TERM ALSO.
4.STERLITE TECHNO(55.50): BUY FOR THE SHORT TERM TARGET OF 65+++. DELIVERY BUY FOR THOSE WHO WANT TO TAKE LESS RISK IN THE MARKET. A GOOD BUY FOR MEDIUM TO LONG TERM.
ASTROLOGICALLY: MARKETS MAY OPEN IN GREEN BUT THERE WILL BE SELLING PRESSURE AND IT MAY GRIND DOWN TO NEGATIVE TERRITORY AND THERE WILL BE SHORT COVERINGS ALSO. HENCE THERE WILL BE VOLATILE SESSION. BUY BOTH CE AND PE FOR INTRA-DAY GAINS.
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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