MARKET TRADED IN A RANGE AND CLOSED ALMOST FLAT TO NEGATIVE.NIFTY ENDED AT 5625 DOWN 7 POINTS AND SENSEX AT 18727 DOWN 18 POINTS.MARKET BREADTH WAS POSITIVE AND FIIs WERE NET BUYERS.
AS ALREADY SAID THAT THE MARKET MAY BE IN THE RANGE OF 5610-5690 AND IT TESTED 5610 AND FROM WHERE IT REBOUNDED TO 5640 AND THEN SETTLED AT 5625.NOW THE RANGE FOR THE NIFTY TODAY SHALL BE 5590-5655 AHVING RESISTANCE AT 5690 & 5720 ON THE OTHER HAND SUPPORT FOR THE MARKET SHALL BE 5550.
IT IS IMPORTANT TO NOTE THAT MARKET IS NOT GOING ANY WHERE EITHER ABOVE 5750 OR BELOW 5450, THERE IS NO HURRY TILL THE RESULTS START COMING IN.ONLY AFTER THE Q1 RESULTS THE MARKET WILL MOVE EITHER IN MAKE OR BREAK DIRECTION.
IF ANY ONE IS PLAYING THE SHORT TERM LONG/BULLISH GAME THEN ONE MUST KEEP 5580-5600 AS STOP-LOSS ON THE OTHER HAND IF ONE IS PLAYING THE SHORT TERM SHORT/BEARISH GAME THEN 5670-5700 SHOULD BE KEPT AS STOP-LOSS.
TRADING STRATEGY FOR NIFTY PLAYERS:
BUY NIFTY: AROUND 5600-5610 KEEPING STOP-LOSS OF 5575 FOR THE TARGET OF 5640-5660 OR ONE CAN BUY CE5600 AT THE ABOVE LEVELS OF NIFTY AND THEN BOOK PROFIT/LOSS WHEN THE NIFTY LEVEL IS REACHED.
BUY BATA INDIA FUTURE: KEEPING 612-614 AS STOP-LOSS FOR THE TARGET OF 636+++ VERY SOON.
BUY RAYMONDS IN DELIVERY: KEEPING 378-380 AS STOP-LOSS FOR THE TARGET OF 400++ VERY SOON.
BUY BIOCON FUT: KEEPING STOP-LOSS OF 362-363 FOR THE TARGET OF 380+++
ASTROLOGICALLY: MARKET MY SEE SLUGGISH TRADE TODAY IN THE FIRST HALF BUT AFTER THE NOON IN THE SECOND HALF THERE WILL BE ACTION IN NIFTY. METAL & AUTO STOCKS MAY SHOW STRENGTH TODAY & TOMORROW.
CEMENT STOCKS & FERTILIZER STOCKS LOOKS GOOD TODAY. AVOID TEXTILE & FMCG 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.
AS ALREADY SAID THAT THE MARKET MAY BE IN THE RANGE OF 5610-5690 AND IT TESTED 5610 AND FROM WHERE IT REBOUNDED TO 5640 AND THEN SETTLED AT 5625.NOW THE RANGE FOR THE NIFTY TODAY SHALL BE 5590-5655 AHVING RESISTANCE AT 5690 & 5720 ON THE OTHER HAND SUPPORT FOR THE MARKET SHALL BE 5550.
IT IS IMPORTANT TO NOTE THAT MARKET IS NOT GOING ANY WHERE EITHER ABOVE 5750 OR BELOW 5450, THERE IS NO HURRY TILL THE RESULTS START COMING IN.ONLY AFTER THE Q1 RESULTS THE MARKET WILL MOVE EITHER IN MAKE OR BREAK DIRECTION.
IF ANY ONE IS PLAYING THE SHORT TERM LONG/BULLISH GAME THEN ONE MUST KEEP 5580-5600 AS STOP-LOSS ON THE OTHER HAND IF ONE IS PLAYING THE SHORT TERM SHORT/BEARISH GAME THEN 5670-5700 SHOULD BE KEPT AS STOP-LOSS.
TRADING STRATEGY FOR NIFTY PLAYERS:
BUY NIFTY: AROUND 5600-5610 KEEPING STOP-LOSS OF 5575 FOR THE TARGET OF 5640-5660 OR ONE CAN BUY CE5600 AT THE ABOVE LEVELS OF NIFTY AND THEN BOOK PROFIT/LOSS WHEN THE NIFTY LEVEL IS REACHED.
BUY BATA INDIA FUTURE: KEEPING 612-614 AS STOP-LOSS FOR THE TARGET OF 636+++ VERY SOON.
BUY RAYMONDS IN DELIVERY: KEEPING 378-380 AS STOP-LOSS FOR THE TARGET OF 400++ VERY SOON.
BUY BIOCON FUT: KEEPING STOP-LOSS OF 362-363 FOR THE TARGET OF 380+++
ASTROLOGICALLY: MARKET MY SEE SLUGGISH TRADE TODAY IN THE FIRST HALF BUT AFTER THE NOON IN THE SECOND HALF THERE WILL BE ACTION IN NIFTY. METAL & AUTO STOCKS MAY SHOW STRENGTH TODAY & TOMORROW.
CEMENT STOCKS & FERTILIZER STOCKS LOOKS GOOD TODAY. AVOID TEXTILE & FMCG 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.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.