THE WEEK ENDED WITH SOME POSITIVE DEVELOPMENT, WHICH SHALL BOOST THE SENTIMENTS GOING FORWARD. CABINET APPROVAL OF THE RIL-BP DEAL , COMMITTEE OF SECRETARIES(CoS) RECOMMENDED A PROPOSAL OF FDI (51%) INTO MULTI-BRAND RETAIL {However the Cabinet Approval is crucial for this,suppose to be in coming in Monsoon Session, where there could be opposition and dis-content by opposition leaders and parties and that may delay} WHICH SHOWS THAT GOVERNMENT HAS STARTED DOING SOME THING POSITIVE ON POLICY MAKING AND REFORMS, WHICH THE MARKET EXPECTS. BESIDES THE RETAIL SECTOR, THE OTHERS THAT AWAIT REFORMS LIKE FINANCIAL SECTOR REFORMS LED BY THE INSURANCE SECTOR. FERTILIZER SECTOR MAY ALSO SEE SOME POSITIVE SENTIMENTS DUE TO POLICY EXPECTATION. MAJOR COMPANIES WHICH SHALL GET THE BENEFIT MAY BE PANTALOON RETAIL, SHOPPERS STOP, REI AGRO, BLUE STAR ETC.. IN BANKING AND FERTILIZER SECTOR PRIVATE BANKS LIKE ICICI, KOTAK, KTK, KARUR VYASYA, DCB MIGHT GAIN AND RCF, GSFC, NFL MIGHT SEE ACTION IN THIS WEEK.
INDIAN RUPEE MIGHT SEE APPRECIATION BREAKING A TIGHT RANGE AFTER A LONG TIME, IN ANTICIPATION OF MORE REFORMS WHICH MIGHT OPEN THE FLOODGATES OF FDI IN VARIOUS SECTORS, WHICH MAY LEAD TO RENEWED VOLATILITY IN SECTORS WHICH COULD BE AFFECTED BY RISING RUPEE LIKE I.T, TEXTILE, PHARMA, HEAVY EQUIPMENTS, ETC. HOWEVER BANKING MAY APPRECIATE ON RISING RUPEE, SO BUYING IN BANKING STOCKS ON FALL WILL BE GOOD IDEA, IF RBI KEEPS RATE UNCHANGED.Hence any Policy announcement by the Government might give good trigger to the market.
ANOTHER MAJOR EVENT THIS WEEK IS MONETARY POLICY BY RBI, WHERE MARKET EXPECTS 25bps REPO RATE HIKE. ANALYST BELIEVE THAT THERE COULD BE PEAKING OUT OF RATE HIKE CYCLE, WHICH MAY GO TO 8% REPO-RATE FROM CURRENT 7.5%, WHICH MEANS THAT RBI WILL WAIT AND WATCH INFLATION AND GLOBAL CONDITIONS, PAUSING ANY MORE HIKE THAN 50bps, IN DAYS TO COME. ITS IS IMPORTANT TO SEE WHAT KIND OF LANGUAGE RBI USES TO CONTROL THE INFLATION AND USING KEY POLICY RATES TO REGULATE THE MONEY SUPPLY. HENCE 2TH JULY MIGHT BE IMPORTANT DAY TO WATCH. IF THE RBI PAUSES TO HIKE RATE THIS TIME, MARKET COULD SEE SUDDEN SPURT OF MORE THAN 200 POINTS IN NIFTY TERMS, means Nifty could test 5900 if RBI pauses...
SINCE THERE WAS SOME KIND OF BAIL-OUT PACKAGE FOR GREECE LAST WEEK WHICH TRIGGERED THE GREEN COLOUR IN GLOBAL INDICES, MIGHT EASE THE INDIAN MARKETS THIS WEEK ALSO, HENCE ONLY ANY ADVERSE GLOBAL TURMOIL COULD SPOIL THE MOOD IN INDIA, ELSE WE COULD SET FOR HIGHER MOVE IN INDICES THIS WEEK. NIFTY COULD TEST 5700-5750 IN NIFTY AND 18900-19000 IN SENSEX.
QUARTERLY RSULTS OF COMPANIES LIKE RELIANCE, NTPC, JSW, MARUTI ETC COULD BE ON EXPECTED LINES, WITHOUT SURPRISES, HENCE RESULTS WILL NOT BE AFFECTING THE MARKET MOOD GOING FORWARD.
ALSO AS JULY EXPIRY WILL BE ON 28TH AFTER THE POLICY, WE COULD SEE THE EXPIRY ABOVE 5700, AS THE OPTION AND OTHER DATA SUGGEST AS OF NOW.
HENCE FUNDAMENTALLY A OVERALL POSITIVE WEEK.....THE RANGE COULD BE 5500-5550-5700-5750. MARKET COULD GET ANY GOOD TRIGGER IF THERE IS , NO RATE HIKE, POLICY ANNOUNCEMENT BY GOVT.........
TRADING RANGE FOR TODAY SHALL BE 5605-5695. AS MARKET HAS CLOSED ABOVE 5635, AFTER BREAKING 5585( As said earlier, break above 5585, shall lead to 100-125 points rally), NIFTY COULD HEAD HIGHER TO 5700-5750. THOSE BUYING CALLS IN NIFTY (CE5500 & CE5600) COULD BOOK PARTIAL PROFITS AND HOLD REST FOR BOOKING AFTER 26TH JULY POLICY OUTCOME. IN MOVING UP NIFTY COULD GET RESISTANCE AT 5725-5755 ABOVE 5695, IN SUPPORT NIFTY SHALL HAVE 5585 & 5555 IF 5605 IS BROKEN.
STRATEGY FOR THE WEEK: THOSE HOLDING CALLS IN NIFTY SHALL BOOK PARTIAL PROFITS AT 5695 LEVELS AND THOSE WISHING TO BUY NIFTY/CE5600 SHALL WAIT FOR DIPS ON MONDAY/TUESDAY, WHERE THEY COULD BUY TO BOOK PROFITS ON/AFTER 26TH JULY.
ASTROLOGICALLY: PLANETS SUGGEST THAT NIFTY SHALL BE VERY VOLATILE THIS WEEK, HOWEVER THE BIAS OF THE MARKET SHALL BE UP. THERE WILL BE SUDDEN SHARP DROPS AND DIPS, WHICH SHOULD BE USED TO BUY CALL OPTIONS AND GET OUT QUICKLY IN SMALL PROFITS.
TAKING LARGE LONG POSITIONS IN DELIVERY AND FUTURE(S) FOR AUGUST SERIES IS NOT SUGGESTIBLE. NO LONG OR SHORT ROLL-OVERS ARE SUGGESTED IN AUGUST SERIES. A MERCURY GETTING RETRO ON 3RD MIGHT GIVE SHARP MOVE, PROBABLY A FALL, WHICH MIGHT BE DECPTIVE, HENCE AVOID TAKING AUGUST CALL NOW. AVOID ROLL-OVERS AND {ALERT ALERT ALERT: IF YOU ARE HAVING PROFITS IN ANY POSITION, BOOK IT AND GET OUT ANY TIME BEFORE 2ND AUGUST 2011}.
STOCKS WHICH LOOKS VERY GOOD FOR LONG TERM, SHOULD BE BOUGHT IF THERE COMES ANY DEEP CORRECTION IN AUGUST & SEPTEMBER:
1. RALLIS(156): IN SHORT TERM STOCK COULD MOVE TO 170-180-190 HOWEVER IN LONG TERM (1-3 YEARS) STOCK COULD MOVE TO 500!!!!!!!!
2. HERO HONDA(1822): IN SHORT TERM IT COULD HEAD TO 1900. LONG TERM TARGET OF 4000+++
3. V-GUARD(231): IN SHORT TERM STOCK COULD HEAD TO 250++ HOWEVER IN LONG TERM STOCK SHALL BE MULTI-BAGGER. PRICE TARGET OF 750-1000+++ IN 2-3 YEARS.
4. BLUE STAR(297):VERY MUCH BENEFICIARY BY FDI IN MULTI-BRAND RETAIL. GOOD EARNINGS AND FIIs BUYING WILL MAKE THIS SHARE 400 IN SHORT TERM AND 4000++ IN 2-3 YEARS. MUST BUY THIS ON EVERY SHARP CORRECTION FOR LONG TERM. JUST KEEP ON BUYING AND ACCUMULATING, MONEY COULD BE MULTIPLIED MANY-MANY TIMES. A VERY BULLISH STORY INSIDE.+++++++VE. BUY ONLY IF YOU HAVE TIME TO HOLD, LONG TERM 2-3-5 YEARS!!!!
5. PANTALOON(333): BUY FOR THE SHORT TERM TARGET OF 360++ AND LONG TERM 2-3 YEARS FOR TARGET OF 2500++++++
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.
INDIAN RUPEE MIGHT SEE APPRECIATION BREAKING A TIGHT RANGE AFTER A LONG TIME, IN ANTICIPATION OF MORE REFORMS WHICH MIGHT OPEN THE FLOODGATES OF FDI IN VARIOUS SECTORS, WHICH MAY LEAD TO RENEWED VOLATILITY IN SECTORS WHICH COULD BE AFFECTED BY RISING RUPEE LIKE I.T, TEXTILE, PHARMA, HEAVY EQUIPMENTS, ETC. HOWEVER BANKING MAY APPRECIATE ON RISING RUPEE, SO BUYING IN BANKING STOCKS ON FALL WILL BE GOOD IDEA, IF RBI KEEPS RATE UNCHANGED.Hence any Policy announcement by the Government might give good trigger to the market.
ANOTHER MAJOR EVENT THIS WEEK IS MONETARY POLICY BY RBI, WHERE MARKET EXPECTS 25bps REPO RATE HIKE. ANALYST BELIEVE THAT THERE COULD BE PEAKING OUT OF RATE HIKE CYCLE, WHICH MAY GO TO 8% REPO-RATE FROM CURRENT 7.5%, WHICH MEANS THAT RBI WILL WAIT AND WATCH INFLATION AND GLOBAL CONDITIONS, PAUSING ANY MORE HIKE THAN 50bps, IN DAYS TO COME. ITS IS IMPORTANT TO SEE WHAT KIND OF LANGUAGE RBI USES TO CONTROL THE INFLATION AND USING KEY POLICY RATES TO REGULATE THE MONEY SUPPLY. HENCE 2TH JULY MIGHT BE IMPORTANT DAY TO WATCH. IF THE RBI PAUSES TO HIKE RATE THIS TIME, MARKET COULD SEE SUDDEN SPURT OF MORE THAN 200 POINTS IN NIFTY TERMS, means Nifty could test 5900 if RBI pauses...
SINCE THERE WAS SOME KIND OF BAIL-OUT PACKAGE FOR GREECE LAST WEEK WHICH TRIGGERED THE GREEN COLOUR IN GLOBAL INDICES, MIGHT EASE THE INDIAN MARKETS THIS WEEK ALSO, HENCE ONLY ANY ADVERSE GLOBAL TURMOIL COULD SPOIL THE MOOD IN INDIA, ELSE WE COULD SET FOR HIGHER MOVE IN INDICES THIS WEEK. NIFTY COULD TEST 5700-5750 IN NIFTY AND 18900-19000 IN SENSEX.
QUARTERLY RSULTS OF COMPANIES LIKE RELIANCE, NTPC, JSW, MARUTI ETC COULD BE ON EXPECTED LINES, WITHOUT SURPRISES, HENCE RESULTS WILL NOT BE AFFECTING THE MARKET MOOD GOING FORWARD.
ALSO AS JULY EXPIRY WILL BE ON 28TH AFTER THE POLICY, WE COULD SEE THE EXPIRY ABOVE 5700, AS THE OPTION AND OTHER DATA SUGGEST AS OF NOW.
HENCE FUNDAMENTALLY A OVERALL POSITIVE WEEK.....THE RANGE COULD BE 5500-5550-5700-5750. MARKET COULD GET ANY GOOD TRIGGER IF THERE IS , NO RATE HIKE, POLICY ANNOUNCEMENT BY GOVT.........
TRADING RANGE FOR TODAY SHALL BE 5605-5695. AS MARKET HAS CLOSED ABOVE 5635, AFTER BREAKING 5585( As said earlier, break above 5585, shall lead to 100-125 points rally), NIFTY COULD HEAD HIGHER TO 5700-5750. THOSE BUYING CALLS IN NIFTY (CE5500 & CE5600) COULD BOOK PARTIAL PROFITS AND HOLD REST FOR BOOKING AFTER 26TH JULY POLICY OUTCOME. IN MOVING UP NIFTY COULD GET RESISTANCE AT 5725-5755 ABOVE 5695, IN SUPPORT NIFTY SHALL HAVE 5585 & 5555 IF 5605 IS BROKEN.
STRATEGY FOR THE WEEK: THOSE HOLDING CALLS IN NIFTY SHALL BOOK PARTIAL PROFITS AT 5695 LEVELS AND THOSE WISHING TO BUY NIFTY/CE5600 SHALL WAIT FOR DIPS ON MONDAY/TUESDAY, WHERE THEY COULD BUY TO BOOK PROFITS ON/AFTER 26TH JULY.
ASTROLOGICALLY: PLANETS SUGGEST THAT NIFTY SHALL BE VERY VOLATILE THIS WEEK, HOWEVER THE BIAS OF THE MARKET SHALL BE UP. THERE WILL BE SUDDEN SHARP DROPS AND DIPS, WHICH SHOULD BE USED TO BUY CALL OPTIONS AND GET OUT QUICKLY IN SMALL PROFITS.
TAKING LARGE LONG POSITIONS IN DELIVERY AND FUTURE(S) FOR AUGUST SERIES IS NOT SUGGESTIBLE. NO LONG OR SHORT ROLL-OVERS ARE SUGGESTED IN AUGUST SERIES. A MERCURY GETTING RETRO ON 3RD MIGHT GIVE SHARP MOVE, PROBABLY A FALL, WHICH MIGHT BE DECPTIVE, HENCE AVOID TAKING AUGUST CALL NOW. AVOID ROLL-OVERS AND {ALERT ALERT ALERT: IF YOU ARE HAVING PROFITS IN ANY POSITION, BOOK IT AND GET OUT ANY TIME BEFORE 2ND AUGUST 2011}.
STOCKS WHICH LOOKS VERY GOOD FOR LONG TERM, SHOULD BE BOUGHT IF THERE COMES ANY DEEP CORRECTION IN AUGUST & SEPTEMBER:
1. RALLIS(156): IN SHORT TERM STOCK COULD MOVE TO 170-180-190 HOWEVER IN LONG TERM (1-3 YEARS) STOCK COULD MOVE TO 500!!!!!!!!
2. HERO HONDA(1822): IN SHORT TERM IT COULD HEAD TO 1900. LONG TERM TARGET OF 4000+++
3. V-GUARD(231): IN SHORT TERM STOCK COULD HEAD TO 250++ HOWEVER IN LONG TERM STOCK SHALL BE MULTI-BAGGER. PRICE TARGET OF 750-1000+++ IN 2-3 YEARS.
4. BLUE STAR(297):VERY MUCH BENEFICIARY BY FDI IN MULTI-BRAND RETAIL. GOOD EARNINGS AND FIIs BUYING WILL MAKE THIS SHARE 400 IN SHORT TERM AND 4000++ IN 2-3 YEARS. MUST BUY THIS ON EVERY SHARP CORRECTION FOR LONG TERM. JUST KEEP ON BUYING AND ACCUMULATING, MONEY COULD BE MULTIPLIED MANY-MANY TIMES. A VERY BULLISH STORY INSIDE.+++++++VE. BUY ONLY IF YOU HAVE TIME TO HOLD, LONG TERM 2-3-5 YEARS!!!!
5. PANTALOON(333): BUY FOR THE SHORT TERM TARGET OF 360++ AND LONG TERM 2-3 YEARS FOR TARGET OF 2500++++++
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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