RESPONDING TO THE GLOBAL CUES, ESPECIALLY NEGATIVE EUROPEAN MARKETS & US FUTURES, SIGNIFICANT SELLING PRESSURE WAS SEEN. THE BENCHMARK INDICES CLOSED BELOW THE PSYCHOLOGICAL LEVEL OF 5000. I.T & BANKING STOCKS PLAYED A MAJOR ROLE IN THE DOWNFALL. NIFTY CLOSED AT 4944.15, DOWN 112.45 & SENSEX CLOSED AT 16469.79, DOWN 371.01. MID-CAP & SMALL-CAP INDEX WERE DOWN MORE THAN 2.4%. MARKET BREADTH WAS NEGATIVE. FIIs WERE NET SELLERS HOWEVER DIIs WERE NET BUYERS IN THE MARKET.
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 MARKETS, AS SAID EARLIER ALSO. THE BROAD RANGE OF THE NIFTY SHALL BE NOW 4800 TO 5000. SO FAR NO BUYING IN THE STOCKS WAS SUGGESTED AS THE MARKET OUTLOOK WAS WEAK, AS NIFTY IS APPROACHING TO ITS VERY STRONG SUPPORT 4800, ANALYSTS SUGGEST THAT SELECTIVE BUYING SHOULD BE STARTED FOR LONG TERM PORTFOLIO. THE STOCKS WHICH HAVE BEEN SUGGESTED EARLIER SHOULD BE BOUGHT IN SMALL QUANTITIES NOW(SAY 30% OF WHAT YOU HAVE TO BUY).
FOR TODAY: IF THERE IS PANIC SELLING OR A GAP DOWN OPENING THERE COULD BE A BOUNCE BACK,WHICH SHOULD BE USED BY MOMENTUM PLAYERS TO MAKE SOME FAST MONEY. ANALYSTS BELIEVE THAT NOW , 4800 SHALL ACT AS A VERY STRONG SUPPORT AND TO BREAK BELOW 4800, A FRESH SET OF NEGATIVE NEWS IS NEEDED, WHICH MAY EITHER COME FROM GLOBAL MARKETS, GEO-POLITICAL UNREST OR DOMESTIC UNREST, SHOOTING UP OF INFLATION, IN-ACTION ON POLICY FRONT BY THE GOVERNMENT,WHICH IS ON AGENDA IN THE MONSOON SESSION, TUG-OF-WAR BETWEEN CIVIL SOCIETY LED BY SRI ANNA HAZARE & GOVERNMENT OVER THE JAN LOK-PAL BILL, ETC.
AS IN THE NEAR TERM IT IS EVIDENT THAT DOMESTICALLY THERE COULD BE NO NEGATIVE CUES, GLOBAL MARKETS SHALL BE THE FOCUS. HOWEVER MARKET HAS SEEN A GRADUAL FALL FOR LAST 12-14 DAYS & 4800 ACTING AS A STRONG SUPPORT, BUYING SHOULD BE DONE IN SELECTIVE STOCKS & NIFTY CALL OPTIONS, TO PLAY FOR ANY BOUNCE BACK, WHICH SHALL BE SEEN NEAR SETTLEMENT OF AUGUST SERIES. AS PER THE INFORMED SOURCE AND OPTION DATA, IT SEEMS THAT NIFTY SETTLEMENT SHALL TAKE PLACE AT/OR BELOW 5000.
STRATEGY FOR TODAY: BUY NIFTY CE4800 & CE4900 IF NIFTY OPENS WITH GAP DOWN KEEPING 4800 AS STOP-LOSS TO ALL LONG POSITIONS. HOLD THE NIFTY CALL OPTIONS TILL SETTLEMENT DATE, 25TH AUGUST 2011.
ASTROLOGICALLY: AS SAID EARLIER THIS WEEK & WELL PREDICTED IN ADVANCE THAT EUROPEAN & US MARKETS SHALL SHEE SHARP MOVES, PROBABLY DOWNWARDS, ON 17TH & 18TH AUGUST 2011, IT SHOULD BE UTILIZED TO MAKE MONEY. NOW FROM 19TH AUGUST TO 25TH AUGUST THE PLANETARY POSITION SUGGEST A VERY UNCOMFORTABLE & BUMPY RIDE. NIFTY MAY NOT SHOW MUCH DEEP CUT BELOW 4800, IN THE MEAN TIME, THERE WILL BE VOLATILE UPSWING TILL SETTLEMENT. ASTROLOGICALLY MARKETS SHALL RISE BETWEEN 25TH AUGUST 2011 TO 12TH SEPTEMBER 2011. THIS PERIOD COULD BE USED TO PLAY MOMENTUM TRADE AND GETTING OUT OF STOCKS AS THERE COULD BE( UNDERSTAND THE WORD-- "COULD BE", "COULD BE" NOT "WILL BE")A SIGNIFICANT FALL THERE AFTER, WHICH MAY LEAD NIFTY TO 4600 OR BELOW. THE CONFIRMATION AND ASTROLOGICAL ANALYSIS ON THIS WILL BE GIVEN LATER.
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.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.