MARKET VIEW FOR 8TH JULY 2011

MARKET OPENED ON FIRM NOTE FOLLOWING THE POSITIVE GLOBAL CUES AND MOVED HIGHER AND HIGHER LED BY RELIANCE,INFOSYS,ITC,ETC.. IT WAS ALREADY PREDICTED IN ADVANCE THAT MARKET WILL BE ACTIONED PACKED IN THE SECOND HALF.THE MOMENTUM INTENSIFIED AS THE SESSION PROGRESSED FOLLOWED BY HUGE FIIs BUYING.EASING OF THE FOOD INFLATION TO 7.61% FROM 7.78% A WEEK AGO,WAS ALSO ONE FACTOR WHICH ADDED FUEL TO BUYING.NIFTY CLOSED UP 103.5 AT 5728.95 & SENSEX CLOSED AT 19078.30 UP 351.33. MARKET BREADTH WAS POSITIVE AND ALMOST ALL SECTORS WERE POSITIVE. METAL & AUTO SECTORS WERE VERY POSITIVE AS IT HAS BEEN PREDICTED ASTROLOGICALLY.


MARKET IS LIKELY TO TRADE IN A BROAD RANGE OF 5470-5930 IN JULY, HOWEVER IN THE VERY SHORT TERM THE RANGE SHALL BE 5680-5780. HDFC LTD & INDUSIND BANK WILL DELIVER THEIR RESULTS TODAY AND THAT WILL BE THE FIRST EVALUATION POINT FOR RECENT RUN OF NIFTY FROM 5196 TO 5728.95. NOTHING SPECTACULAR IS EXPECTED AS THE MARGINS WILL SURELY SHRINK FOR BANKS.HENCE POST RESULT THERE COULD BE PROFIT BOOKING.


TODAY'S STRATEGY: TODAY NIFTY SHALL OPEN HIGHER AND FACE RESISTANCE AT 5770-5800, WHERE SURELY A PROFIT BOOKING WILL BE SEEN, ALSO SEE RESULTS OF HDFC LTD.AND INDUSIND BANK WILL GIVE IDEA ABOUT THE OTHER RESULTS HENCE KEEP EYE ON THESE. NIFTY MAY TRADE IN A BROAD RANGE OF 5780-5680. HENCE BUY PUTS, PE5700, WHEN NIFTY REACHES 5770-5800 ZONE OR SHORT NIFTY KEEPING 5805-5812(CLOSING BASIS) AS STOP-LOSS, ON PROFIT BOOKING NIFTY COULD COME DOWN TO 5680 LEVELS, BELOW WHICH 5600 WILL BE GOOD SUPPORT.
NOTE THE BASIC THEME OF THIS STRATEGY IS TO GET SOME QUICK POINTS AFTER THE HUGE RUN UP FROM 5600 TO 5800 LEVELS, IF IT HAPPENS AND NOT TO CREATE FRESH SHORTS, AS THE MARKET IS RISING BY HUGE BUYING BY FIIs, AND NOT A NARROW SHORT COVERING RALLY.SHORT SELLERS SHOULD UNDERSTAND THAT THIS RALLY COULD LEAD TO 6000++ LEVELS ALSO. HENCE DON'T CARRY NAKED SHORT POSITIONS.(NOTE: THIS RALLY FROM 5196 TO CMP 5728.95, IS CORRECTIVE RALLY, LONG TERM TREND IS STILL DOWN)


WHAT ONE SHOULD DO IF NIFTY OPENS STRONG AND REMAINS FLAT OR WEAK AND DOESN'T GO TO TOUCH 5770-5800 LEVELS??? THEN CERTAINLY THERE IS NOTHING TO DO(NEITHER LONG NOR SHORT), THOSE WHO ARE LONG IN NIFTY AND CALL OPTIONS COULD BOOK PROFITS AND IF & ONLY IF NIFTY TOUCHES THE ZONE 5770-5800, THEN SHORTING OR BUYING PE5700 OR PE5800 SHOULD BE CONSIDERED OTHERWISE NOT AT ALL.JUST SIT ASIDE AND WAIT...........




BUYING IN PSU LIKE ENGINEERS INDIA ,BEML,BEL,ETC COULD BE DONE FOR SHORT TERM GAINS.


INFORMATION BASED SCRIPTS: FOLLOWING ARE SOME INFORMATION BASED COUNTERS WHICH COULD SEE SOME ACTION THAT MAY GIVE GOOD PROFIT IF TAKEN ACCORDINGLY:


BUY UCO BANK CE90(JULY) @4-5 TARGET 8-10. LOT SIZE BEING 2000 IT COULD EASILY GIVE PROFIT OF 8000-10000 BY INVESTING 8000-10000.


HAVELLS IND FUT(402.70):BUY AT CMP OR ON FALL FOR THE TARGET OF 420-426++ KEEPING 388 AS STOP-LOSS.


DIVIS LABS(824.20):COULD EASILY TOUCH 860++.BUY KEEPING STOP-LOSS OF 800.


IFB INDUSTRIES(134.35):COULD EASILY TOUCH 155++. BUY KEEPING STOP-LOSS OF 122.


IDBI(136.30):COULD EASILY TOUCH 140-42++. BUY KEEPING STOP-LOSS OF 133.


KEEP EYE ON THE OTHER STOCKS RECOMMENDED CONTINUOUSLY FOR LAST ONE WEEK.


ASTROLOGICALLY: TODAY THERE MAY BE PROFIT BOOKING AND NIFTY MAY COME DOWN AFTER EARLY RISE.IT DOESN'T MEAN THAT NIFTY WILL BE NEGATIVE AND ITS COMPLETE SHORTING OPPORTUNITY.THERE ARE 50% CHANCES THAT I MAY GO WRONG TODAY AND NIFTY MY NOT COME DOWN, HENCE USE YOUR OWN WISDOM.


MARKET WILL BE SLIGHTLY WEAK TO CONSOLIDATING IN NEXT WEEK FROM 11TH JULY TO 15TH JULY. TRY TO GET OUT OF THE PROFITABLE POSITION IF NIFTY REACHES 5770-5800 & SIT ON CASH.
BIG-BIG STORIES TO COME NEXT WEEK LIKE,


WHICH 2-3 STOCKS WILL GIVE NEW DIRECTIONS???(14TH JULY WILL BE IMPORTANT TO IT, ASTROLOGICALLY)


WHAT WILL HAPPEN TO THE MARKETS BY NEXT 2-3 MONTHS?????(WILL IT BREAK BELOW 5200 OR MOVE BEYOND 6000)
AND MUCH MORE






KEEP READING & CHATING FOR MORE DETAILS AT YAHOO MESSENGER: "vikas198012003@yahoo.co.in"

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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