KINDLY NOTE THAT THERE HAS BEEN CHANGE IN THE ASTROLOGICAL VIEW OF THE MARKET FOR THE PERIOD 26TH AUGUST 2011 TO 15TH SEPTEMBER 2011. PLEASE UPDATE ACCORDING TO THE LATEST VIEW GIVEN IN THIS POST.
DUE TO GLOBAL WORRIES OF THE US DOWNGRADE BY S&P, GROWING DEBT CONCERNS IN EURO-ZONE COUNTRIES HURT THE SENTIMENT ON THE WALL STREET RESULTING IN RISK AVERSION AND SELL-OFF IN GLOBAL EQUITIES. INDIAN MARKETS ALSO COULD NOT ESCAPE THE BLOW. ON FRIDAY, 19TH AUGUST MARKET TOUCHED LOWEST SINCE MAY 2010. INDIA'S INFLATION EASED MARGINALLY TO 9.22% FROM 9.44% IN JULY 2011 MAINLY DUE TO BASE EFFECT. NIFTY CLOSED AT 4845.65[TRADING AT PE MULTIPLE OF 13.93 TIMES CY EARNINGS] & SENSEX CLOSED AT 16141.67[TRADING AT PE MULTIPLE OF 14.44 TIMES CY EARNINGS].
GOING FORWARD INDIAN STOCK MARKET IS LIKELY TO TRADE ON GLOBAL CUES. MAIN CUES SHALL COME FROM AMERICA. THE U.S. ECONOMIC POLICY SYMPOSIUM ON AUGUST 26TH, WILL BE THE NEXT MAJOR EVENT. IN ITS LAST FOMC MEETING THE FED DISCUSSED THE RANGE OF POLICY TOOLS AVAILABLE TO PROMOTE A STRONGER ECONOMIC RECOVERY AND SAID THAT IT IS "PREPARED TO EMPLOY THESE TOOLS AS APPROPRIATE". THAT MAY HAVE INCLUDED QE3. HENCE FED CHAIRMAN BERNANKE'S SPEECH IS VERY IMPORTANT FOR THE FUTURE COURSE OF MARKET'S DIRECTION.
DOMESTICALLY , CONCERN ABOUT POLITICAL INSTABILITY RAISE ONCE AGAIN AS ACTIVIST SRI ANNA HAZARE(Whom we all salute for his patriotism) BEGAN THE ANTI-CORRUPTION CAMPAIGN TO ENACT REFORMS TO FIGHT CORRUPTION. ALSO GOVERNMENT'S INACTION ON THE POLICY FRONT IS CREATING DOUBT ABOUT THE TIMELY PRESENTATION OF VARIOUS PENDING BILLS, LIKE DTC BILL, LAND ACQUISITION BILL, FDI LIMIT IN MULTI-BRAND RETAIL ETC ARE VERY IMPORTANT AS FIIs & INVESTMENT MANAGERS ARE KEENLY WATCHING DEVELOPMENTS IN INDIA. HOWEVER THE GLOBAL CONCERNS ARE MORE WEIGHING ON THE SENTIMENT IN INDIA RATHER THAN DOMESTIC CONCERNS. F&O SETTLEMENT THIS WEEK SHALL ADD MORE VOLATILITY TO THE MARKETS. HENCE OVERALL THE SENTIMENT REMAINS CAUTIOUS IN THE NEAR TERM. FUNDAMENTALLY THE WEAKENING ECONOMY DUE TO RISE IN INTEREST RATES & INFLATION AND INACTION BY GOVERNMENT ON POLICY FRONT IS THE MAIN REASON FOR SELL-OFF BY THE FIIs WHICH MAY DRAG THE MARKET MORE DOWN SIDE. SENSEX MAY TEST 15200 ALSO.
LAST WEEK NIFTY HAS TOUCHED THE LEVEL OF 4796, WHICH WAS NEAR TO THE LEVEL OF KEY SUPPORT OF 4780 & SETTLED AT 4846. NOW THE NIFTY IS MAKING LOWER LOW & LOWER HIGH ON THE DAILY CHART CONFIRMING THE MAJOR TREND WHICH IS DOWN AS WELL AS THE INTERMEDIATE TREND IS ALSO DOWN.
IN THIS WEEK THE RANGE OF THE NIFTY MAY BE BETWEEN 4780-5070 RESISTANCE MAY BE AT 5150 AND MAJOR RESISTANCE AT 5200, IF THE NIFTY BREACHES ABOVE 5070 LEVEL, ON THE OTHER SIDE SUPPORT FOR THE NIFTY MAY BE AT 4690 IF IT BREAKS THE LEVEL OF 4780 AND THEN THE KEY SUPPORT WILL BE AROUND 4530-4540.
VIEW FOR THE NIFTY TILL SETTLEMENT: BASED ON THE NEWS FROM THE INFORMED SOURCE & OPTION DATA SHOW THAT SETTLEMENT OF THE NIFTY SHALL TAKE BELOW OR AT 4800. HENCE ANY CORRECTIVE RALLY SHOULD BE USED TO EXIT ALL LONG POSITIONS CALLS, FUTURES & DELIVERY POSITIONS.
AS CAUTION IN ADVANCE EXPERTS BELIEVE THAT IF THE MARKETS DIP BELOW 4800 ONE SHOULD EXIT ALL LONG POSITIONS IN DELIVERY ALSO AS THE RECOVERY MIGHT TAKE TIME THIS TIME. MARKET MAY FIND DIFFICULT TO SURVIVE AND RECOVER, IF SLIPS BELOW 4800/16000(NIFTY/SENSEX).
HENCE ITS A CAUTION THAT DON'T BUY IN THE NEAR TERM AND EXIT AT ANY PULL BACK RALLY NEAR 5100-5200, IF ONE GETS.
SHORT JAIN IRRIGATION AUGUST FUTURE(165.25): IT IS ADVISABLE TO SHORT AT CURRENT LEVELS AND ON RISE TILL 170-172 KEEPING STOP-LOSS OF 174.80-175(ON CLOSING BASIS) FOR THE TARGET OF 157-155-150. LOT SIZE: 2000
BUY JP ASSOC CE60(1.30): IT IS ADVISABLE TO BUY CALL AT Re.1 AND BELOW PROFITABLE IF THE SETTLEMENT TAKE PLACE ABOVE 61. EXPECTED EXPIRY MAY TAKE PLACE ABOVE 62.50++. LOT SIZE: 4000
ASTROLOGICALLY: SUN ENTERED MAGHA NAKSHATRA ON 17TH AUGUST, 2011 @ 11Hrs 49Min. IF WE CAST THE CHART OF SUN'S INGRESS IN THIS STAR, WE FIND THAT THE SUN'S STAR LORD, KETHU IS IN THE 8TH HOUSE . A RETROGRADE MERCURY , WHEN ENTERED CANCER CREATED HAVOC IN THE WORLD MARKETS, HENCE THE MERCURY EVEN AFTER GETTING DIRECT ON 26TH AUGUST 2011 UNTIL RETURN BACKS TO LEO ON 4TH SEPT 2011, WORLD MARKETS WILL NOT BE GOOD. HENCE NO BUY IS SUGGESTED IN DELIVERY & FUTURE TILL THAT PERIOD. BULLS WILL SEE A VERY BIG FIGHT. NOTE IN ADVANCE THAT THE TRANSIT OF MOON IN GEMINI ON 25TH & 26TH AUGUST SHALL LEAVE THE MARKETS OF THE WORLD VERY VERY DISTURBED AND SHAKY HENCE AS SAID FOR 17TH & 18TH AUGUST EARLIER, NOW 25TH & 26TH AUGUST SHALL BRING MAJOR JOLT/SHOCK IN THE WORLD MARKETS ESPECIALLY EUROPE & U.S.. INDIA SHALL NOT BE ABLE TO ESCAPE FROM THIS. HENCE NO LONG ROLL-OVERS ARE SUGGESTED INSTEAD SHORT POSITIONS ARE SUGGESTED AND ANY UP SWING SHOULD BE USED TO GET OUT OF THE LONGS IN F&O AND EXIT FROM DELIVERY AS THE NIFTY MIGHT TEST 4600-4500 VERY SOON.
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.
DUE TO GLOBAL WORRIES OF THE US DOWNGRADE BY S&P, GROWING DEBT CONCERNS IN EURO-ZONE COUNTRIES HURT THE SENTIMENT ON THE WALL STREET RESULTING IN RISK AVERSION AND SELL-OFF IN GLOBAL EQUITIES. INDIAN MARKETS ALSO COULD NOT ESCAPE THE BLOW. ON FRIDAY, 19TH AUGUST MARKET TOUCHED LOWEST SINCE MAY 2010. INDIA'S INFLATION EASED MARGINALLY TO 9.22% FROM 9.44% IN JULY 2011 MAINLY DUE TO BASE EFFECT. NIFTY CLOSED AT 4845.65[TRADING AT PE MULTIPLE OF 13.93 TIMES CY EARNINGS] & SENSEX CLOSED AT 16141.67[TRADING AT PE MULTIPLE OF 14.44 TIMES CY EARNINGS].
GOING FORWARD INDIAN STOCK MARKET IS LIKELY TO TRADE ON GLOBAL CUES. MAIN CUES SHALL COME FROM AMERICA. THE U.S. ECONOMIC POLICY SYMPOSIUM ON AUGUST 26TH, WILL BE THE NEXT MAJOR EVENT. IN ITS LAST FOMC MEETING THE FED DISCUSSED THE RANGE OF POLICY TOOLS AVAILABLE TO PROMOTE A STRONGER ECONOMIC RECOVERY AND SAID THAT IT IS "PREPARED TO EMPLOY THESE TOOLS AS APPROPRIATE". THAT MAY HAVE INCLUDED QE3. HENCE FED CHAIRMAN BERNANKE'S SPEECH IS VERY IMPORTANT FOR THE FUTURE COURSE OF MARKET'S DIRECTION.
DOMESTICALLY , CONCERN ABOUT POLITICAL INSTABILITY RAISE ONCE AGAIN AS ACTIVIST SRI ANNA HAZARE(Whom we all salute for his patriotism) BEGAN THE ANTI-CORRUPTION CAMPAIGN TO ENACT REFORMS TO FIGHT CORRUPTION. ALSO GOVERNMENT'S INACTION ON THE POLICY FRONT IS CREATING DOUBT ABOUT THE TIMELY PRESENTATION OF VARIOUS PENDING BILLS, LIKE DTC BILL, LAND ACQUISITION BILL, FDI LIMIT IN MULTI-BRAND RETAIL ETC ARE VERY IMPORTANT AS FIIs & INVESTMENT MANAGERS ARE KEENLY WATCHING DEVELOPMENTS IN INDIA. HOWEVER THE GLOBAL CONCERNS ARE MORE WEIGHING ON THE SENTIMENT IN INDIA RATHER THAN DOMESTIC CONCERNS. F&O SETTLEMENT THIS WEEK SHALL ADD MORE VOLATILITY TO THE MARKETS. HENCE OVERALL THE SENTIMENT REMAINS CAUTIOUS IN THE NEAR TERM. FUNDAMENTALLY THE WEAKENING ECONOMY DUE TO RISE IN INTEREST RATES & INFLATION AND INACTION BY GOVERNMENT ON POLICY FRONT IS THE MAIN REASON FOR SELL-OFF BY THE FIIs WHICH MAY DRAG THE MARKET MORE DOWN SIDE. SENSEX MAY TEST 15200 ALSO.
LAST WEEK NIFTY HAS TOUCHED THE LEVEL OF 4796, WHICH WAS NEAR TO THE LEVEL OF KEY SUPPORT OF 4780 & SETTLED AT 4846. NOW THE NIFTY IS MAKING LOWER LOW & LOWER HIGH ON THE DAILY CHART CONFIRMING THE MAJOR TREND WHICH IS DOWN AS WELL AS THE INTERMEDIATE TREND IS ALSO DOWN.
IN THIS WEEK THE RANGE OF THE NIFTY MAY BE BETWEEN 4780-5070 RESISTANCE MAY BE AT 5150 AND MAJOR RESISTANCE AT 5200, IF THE NIFTY BREACHES ABOVE 5070 LEVEL, ON THE OTHER SIDE SUPPORT FOR THE NIFTY MAY BE AT 4690 IF IT BREAKS THE LEVEL OF 4780 AND THEN THE KEY SUPPORT WILL BE AROUND 4530-4540.
VIEW FOR THE NIFTY TILL SETTLEMENT: BASED ON THE NEWS FROM THE INFORMED SOURCE & OPTION DATA SHOW THAT SETTLEMENT OF THE NIFTY SHALL TAKE BELOW OR AT 4800. HENCE ANY CORRECTIVE RALLY SHOULD BE USED TO EXIT ALL LONG POSITIONS CALLS, FUTURES & DELIVERY POSITIONS.
AS CAUTION IN ADVANCE EXPERTS BELIEVE THAT IF THE MARKETS DIP BELOW 4800 ONE SHOULD EXIT ALL LONG POSITIONS IN DELIVERY ALSO AS THE RECOVERY MIGHT TAKE TIME THIS TIME. MARKET MAY FIND DIFFICULT TO SURVIVE AND RECOVER, IF SLIPS BELOW 4800/16000(NIFTY/SENSEX).
HENCE ITS A CAUTION THAT DON'T BUY IN THE NEAR TERM AND EXIT AT ANY PULL BACK RALLY NEAR 5100-5200, IF ONE GETS.
SHORT JAIN IRRIGATION AUGUST FUTURE(165.25): IT IS ADVISABLE TO SHORT AT CURRENT LEVELS AND ON RISE TILL 170-172 KEEPING STOP-LOSS OF 174.80-175(ON CLOSING BASIS) FOR THE TARGET OF 157-155-150. LOT SIZE: 2000
BUY JP ASSOC CE60(1.30): IT IS ADVISABLE TO BUY CALL AT Re.1 AND BELOW PROFITABLE IF THE SETTLEMENT TAKE PLACE ABOVE 61. EXPECTED EXPIRY MAY TAKE PLACE ABOVE 62.50++. LOT SIZE: 4000
ASTROLOGICALLY: SUN ENTERED MAGHA NAKSHATRA ON 17TH AUGUST, 2011 @ 11Hrs 49Min. IF WE CAST THE CHART OF SUN'S INGRESS IN THIS STAR, WE FIND THAT THE SUN'S STAR LORD, KETHU IS IN THE 8TH HOUSE . A RETROGRADE MERCURY , WHEN ENTERED CANCER CREATED HAVOC IN THE WORLD MARKETS, HENCE THE MERCURY EVEN AFTER GETTING DIRECT ON 26TH AUGUST 2011 UNTIL RETURN BACKS TO LEO ON 4TH SEPT 2011, WORLD MARKETS WILL NOT BE GOOD. HENCE NO BUY IS SUGGESTED IN DELIVERY & FUTURE TILL THAT PERIOD. BULLS WILL SEE A VERY BIG FIGHT. NOTE IN ADVANCE THAT THE TRANSIT OF MOON IN GEMINI ON 25TH & 26TH AUGUST SHALL LEAVE THE MARKETS OF THE WORLD VERY VERY DISTURBED AND SHAKY HENCE AS SAID FOR 17TH & 18TH AUGUST EARLIER, NOW 25TH & 26TH AUGUST SHALL BRING MAJOR JOLT/SHOCK IN THE WORLD MARKETS ESPECIALLY EUROPE & U.S.. INDIA SHALL NOT BE ABLE TO ESCAPE FROM THIS. HENCE NO LONG ROLL-OVERS ARE SUGGESTED INSTEAD SHORT POSITIONS ARE SUGGESTED AND ANY UP SWING SHOULD BE USED TO GET OUT OF THE LONGS IN F&O AND EXIT FROM DELIVERY AS THE NIFTY MIGHT TEST 4600-4500 VERY SOON.
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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