EVEN AFTER THE POSITIVE GLOBAL CUES AND OPENING HIGHER INDIAN MARKETS COULDN'T SUSTAIN AT THE HIGHER LEVELS AND AS EXPECTED CAME DOWN FROM THE HIGHS OF THE DAY AND CLOSED NEGATIVELY, TOWARDS THE CLOSE AS EUROPEAN MARKETS AND DOW FUTURE OPENED AND TRADED WEAK. SENSEX CLOSED AT 16730.94, DOWN 108.69 POINTS & NIFTY CLOSED AT 5035.80, DOWN 37.15. MARKET BREADTH WAS NEGATIVE AND MID-CAP AND SMALL-CAP INDICES CLOSED IN RED. INDIA'S INFLATION EASED MARGINALLY IN JULY 2011 MAINLY ON ACCOUNT OF BASE EFFECT. ON YoY BASIS, INFLATION EASED FROM 9.44% TO 9.22% IN JUNE 2011
GOING FORWARD GLOBAL CUES SHALL GUIDE THE FUTURE COURSE OF INDIAN STOCK MARKET. EUROZONE CRISIS MEETING BETWEEN FRANCE AND GERMANY, MOVEMENT IN US MARKETS SHALL BE THE FOCUS.
FOR TODAY, BROAD RANGE OF THE MARKET IN TERMS OF NIFTY SHALL BE 5150-4950. AS THE TREND OF THE MARKET IS DOWN, AND RISE SHOULD BE USED TO BUY PUTS OF 5200 & 5100 STRIKES (PE5200 & PE5100) KEEPING THE STOP-LOSS OF 5250AND ANY LOWER OR GAP-DOWN OPENING SHOULD BE USED TO BUY CALLS OF 5000 & 5100 STRIKES (CE5000 & CE5100) KEEPING THE STOP-LOSS OF 4950.
TODAY THE MARKET MOVEMENT SHOULD VOLATILE AS USUAL, HOWEVER THE BIAS OF THE MARKET IS CLEARLY DOWN.
IT HAS ALREADY BEEN MENTIONED THAT 17TH & 18TH SHALL BE IMPORTANT FOR THE INTERNATIONAL MARKETS ESPECIALLY EUROPEAN AND US MARKETS. THERE WILL BE SHARP & VOLATILE MOVES(PROBABLY DOWNWARDS) IN THESE MARKETS WHICH SHALL HAVE EFFECT ON INDIAN MARKETS AS WELL. HENCE NO DELIVERY AND F&O TRADE IS SUGGESTED EXCEPT IN NIFTY OPTIONS.
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.
GOING FORWARD GLOBAL CUES SHALL GUIDE THE FUTURE COURSE OF INDIAN STOCK MARKET. EUROZONE CRISIS MEETING BETWEEN FRANCE AND GERMANY, MOVEMENT IN US MARKETS SHALL BE THE FOCUS.
FOR TODAY, BROAD RANGE OF THE MARKET IN TERMS OF NIFTY SHALL BE 5150-4950. AS THE TREND OF THE MARKET IS DOWN, AND RISE SHOULD BE USED TO BUY PUTS OF 5200 & 5100 STRIKES (PE5200 & PE5100) KEEPING THE STOP-LOSS OF 5250AND ANY LOWER OR GAP-DOWN OPENING SHOULD BE USED TO BUY CALLS OF 5000 & 5100 STRIKES (CE5000 & CE5100) KEEPING THE STOP-LOSS OF 4950.
TODAY THE MARKET MOVEMENT SHOULD VOLATILE AS USUAL, HOWEVER THE BIAS OF THE MARKET IS CLEARLY DOWN.
IT HAS ALREADY BEEN MENTIONED THAT 17TH & 18TH SHALL BE IMPORTANT FOR THE INTERNATIONAL MARKETS ESPECIALLY EUROPEAN AND US MARKETS. THERE WILL BE SHARP & VOLATILE MOVES(PROBABLY DOWNWARDS) IN THESE MARKETS WHICH SHALL HAVE EFFECT ON INDIAN MARKETS AS WELL. HENCE NO DELIVERY AND F&O TRADE IS SUGGESTED EXCEPT IN NIFTY OPTIONS.
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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