INDIAN MARKETS OPENED POSITIVE AND TRADED HIGHER, IN A VOLATILE SESSION, HOWEVER DIPPED TO RED, AFTER THE WEAK START OF EUROPE BUT THE MARKETS SOON REGAINED POSITIVE ZONE. HOWEVER, SELL-OFF CONTINUED IN THE BROADER MARKETS FOR THE SECOND CONSECUTIVE SESSION. MID-CAP AND SMALL-CAP INDICES CLOSED IN DEEP RED DUE TO NARROW DOWN OF EXPOSURE IN THESE STOCKS. NIFTY CLOSED AT 5056.60, UP BY 20.80 POINTS & SENSEX CLOSED AT 16840.80, UP BY 109.86. MARKET BREADTH WAS NEGATIVE.
GOING FORWARD, INDIAN STOCK MARKET IS LIKELY TO TRADE ON GLOBAL CUES. FOOD & FUEL INFLATION DATA, WHICH IS SCHEDULED TO BE RELEASED TODAY SHALL ALSO GUIDE THE MARKET MOVEMENT, ALSO THE PROGRESS OF MONSOON SHOULD BE WATCHED CLOSELY. ALSO THE VARIOUS DATA IN US MARKETS SHALL ALSO GUIDE THE COURSE OF ACTION IN THE MARKETS. THE OUTLOOK REMAINS GRIM AND BIAS REMAINS NEGATIVE. SHORT TERM TRADING RANGE REMAINS 4950-5250. BREAK OF EITHER SIDE SHALL INVITE 200 POINTS MOVE IN NIFTY.
FOR TODAY: A VOLATILE SESSION WILL BE SEEN WHERE IN THE RANGE OF THE NIFTY SHALL BE 5150-4950. THIS TRADING RANGE SHALL BE GOOD FOR OPTION PLAYERS. BUY PE5100 IF NIFTY OPENS HIGHER/RISES NEAR 5100 KEEPING A VERY SHORT TERM TRADING STOP-LOSS OF 5150 OR BUY CE5000 IF NIFTY OPENS LOWER/FALLS NEAR 5000 KEEPING A VERY SHORT TERM TRADING STOP-LOSS OF 4950.
STOCK FUTURE & OPTIONS:
1.COLGATE PALMOLIVE FUTURE:BUY NEAR 930-920, KEEPING STOP-LOSS OF 896 FOR THE SHORT TERM TARGET OF 950-1000+++.
2. DABUR FUTURE: BUY NEAR 102-103, KEEPING STOP-LOSS OF 99.50 FOR THE SHORT TERM TARGET OF 108-110+++.
ASTROLOGICALLY: MARKETS SHALL NOT BE GOOD FOR INVESTMENT/TRADING TILL MERCURY IS RETRO, 26TH AUGUST 2011, HENCE STOCKS SHOULD BE AVOIDED AND INDICES COULD BE TRADED IN 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, INDIAN STOCK MARKET IS LIKELY TO TRADE ON GLOBAL CUES. FOOD & FUEL INFLATION DATA, WHICH IS SCHEDULED TO BE RELEASED TODAY SHALL ALSO GUIDE THE MARKET MOVEMENT, ALSO THE PROGRESS OF MONSOON SHOULD BE WATCHED CLOSELY. ALSO THE VARIOUS DATA IN US MARKETS SHALL ALSO GUIDE THE COURSE OF ACTION IN THE MARKETS. THE OUTLOOK REMAINS GRIM AND BIAS REMAINS NEGATIVE. SHORT TERM TRADING RANGE REMAINS 4950-5250. BREAK OF EITHER SIDE SHALL INVITE 200 POINTS MOVE IN NIFTY.
FOR TODAY: A VOLATILE SESSION WILL BE SEEN WHERE IN THE RANGE OF THE NIFTY SHALL BE 5150-4950. THIS TRADING RANGE SHALL BE GOOD FOR OPTION PLAYERS. BUY PE5100 IF NIFTY OPENS HIGHER/RISES NEAR 5100 KEEPING A VERY SHORT TERM TRADING STOP-LOSS OF 5150 OR BUY CE5000 IF NIFTY OPENS LOWER/FALLS NEAR 5000 KEEPING A VERY SHORT TERM TRADING STOP-LOSS OF 4950.
STOCK FUTURE & OPTIONS:
1.COLGATE PALMOLIVE FUTURE:BUY NEAR 930-920, KEEPING STOP-LOSS OF 896 FOR THE SHORT TERM TARGET OF 950-1000+++.
2. DABUR FUTURE: BUY NEAR 102-103, KEEPING STOP-LOSS OF 99.50 FOR THE SHORT TERM TARGET OF 108-110+++.
ASTROLOGICALLY: MARKETS SHALL NOT BE GOOD FOR INVESTMENT/TRADING TILL MERCURY IS RETRO, 26TH AUGUST 2011, HENCE STOCKS SHOULD BE AVOIDED AND INDICES COULD BE TRADED IN 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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