NOTHING IS SPARED BY THE BLOOD BATH IN THE GLOBAL MARKETS NOT EVEN INDIAN MARKET, WHICH WERE DAILY INCHING UP FROM 4911 TO 5169 AND NOW AGAIN BACK TO 4923.65 IN JUST TWO DAYS. THIS COMPLETE PATTERN AND INDICATION OF BEAR MARKET. NIFTY CLOSED AT 4923.65, DOWN 209.60 AND SENSEX CLOSED AT 16361.15, DOWN 704 POINTS AS THE INDIAN RUPEE SLUMPED BELOW 49/$, AND THE GLOBAL SELL-OFF ADDED TO THE FUEL TO THE FIRE. MARKET BREADTH WAS NEGATIVE AND BOTH MID-CAP AND SMALL-CAP INDEX WERE DOWN 3%.
GOING FORWARD, MARKET SHALL BE BUMPY AND ROUGH. BROAD RANGE OF THE NIFTY SHALL BE 4650-4700 TO 5170-5200. HOWEVER FALL SHALL CONTINUE IF NIFTY CLOSES BELOW 4900-4880 FROM NOW. HENCE ANY LONG SHOULD HAVE STOP-LOSS OF 4880 IN ANY CASE.
FUNDAMENTALLY LOOKING SENSEX AT 16000-15700 AND NIFTY AT 4700-4650 IS STRONG SUPPORT FOR THE INDIAN MARKETS. THOSE WHO WISH TO MAKE LONG TERM PORTFOLIO SHOULD START BUYING AT LEAST FOR 30%-40% AT THESE LEVELS.
NO ONE KNOWS THE FUTURE PERFECTLY, HENCE THUMB RULES AND THE PRINCIPLES OF INVESTMENT SHOULD BE FOLLOWED. THE INDIAN MARKETS WILL SOONER OR LATER RECOVER FROM THE GLOBAL SHOCKS AND START MOVING NORTH WARDS. MAY BE FROM 15700-16000 OR FROM 15000 NO ONE KNOWS. SO IF YOU WAIT FOR MORE DOWNFALL, HEARING THE DIFFERENT PESSIMISTIC AND CAUTIOUS VIEWS,YOU MAY NOT BE ABLE TO GET THE LEAST PROFIT RATHER SETTLE WITH LOSSES OR HIGHER COST OF PORTFOLIO RESULTING IN LOW RETURNS.
HENCE START BUYING THE QUALITY STOCKS, WHICH I HAVE MENTIONED SEVERAL TIMES. TATASTEEL, HDFCBANK, LIC HOUSING FINANCE, COAL INDIA, BHEL, SKUMARS, RALLIS, SHALIMAR PAINTS, ITC, HUL, RELIANCE, BHARTI ETC., TO NAME THE FEW.
FOR TODAY: NIFTY HAS SUPPORT AT 4900-4880 BREAK OF WHICH SHALL RESULT IN NIFTY TOUCHING 4840-4805. ON THE HIGHER SIDE ABOVE 4940 NIFTY SHALL HIT 4960-4980-5000.THERE ARE CHANCES THAT NIFTY SHALL BOUNCE BACK FROM 4880-4900 ODD LEVELS.
ASTROLOGICALLY: NIFTY MAY OPEN LOWER ON WEAK GLOBAL CUES HOWEVER IT SHALL RECOVER TODAY AND THE SECOND PART OF THE DAY SHALL SEE GREEN.
NEXT POOR PLANETARY MOVEMENT WILL BE SEEN ON 26TH, 27TH OR 28TH SEPTEMBER, WHERE THERE WILL BE HIGH VOLATILE MOVEMENTS. STAYING AWAY FROM THE MARKETS IN THESE DAYS IS THE BEST...... ENJOY THE HOLIDAY ON THESE DATES, OR THERE COULD BE LOSSES.
AS ALREADY TOLD OCTOBER/NOVEMBER IS GOING TO BE VERY VERY POOR FOR INDIA AND ALSO FOR INDIAN MARKETS. ONE SHOULD KEEPING THIS VIEW SHALL BUY QUALITY STOCKS IN SMALL QUANTITIES ONLY. MAY BE!!! WE MAY SEE LEVELS BELOW THE AUGUST LOW IN THIS PERIOD.
THERE ARE 40% CHANCE THAT I MAY GO WRONG IN ABOVE ANALYSIS, HENCE USE YOUR OWN WISDOM AND PROPER CONSULTATION AND GUIDANCE FROM YOUR ADVISERS BEFORE INITIATING ANY TRADE ON MY VIEW.
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, MARKET SHALL BE BUMPY AND ROUGH. BROAD RANGE OF THE NIFTY SHALL BE 4650-4700 TO 5170-5200. HOWEVER FALL SHALL CONTINUE IF NIFTY CLOSES BELOW 4900-4880 FROM NOW. HENCE ANY LONG SHOULD HAVE STOP-LOSS OF 4880 IN ANY CASE.
FUNDAMENTALLY LOOKING SENSEX AT 16000-15700 AND NIFTY AT 4700-4650 IS STRONG SUPPORT FOR THE INDIAN MARKETS. THOSE WHO WISH TO MAKE LONG TERM PORTFOLIO SHOULD START BUYING AT LEAST FOR 30%-40% AT THESE LEVELS.
NO ONE KNOWS THE FUTURE PERFECTLY, HENCE THUMB RULES AND THE PRINCIPLES OF INVESTMENT SHOULD BE FOLLOWED. THE INDIAN MARKETS WILL SOONER OR LATER RECOVER FROM THE GLOBAL SHOCKS AND START MOVING NORTH WARDS. MAY BE FROM 15700-16000 OR FROM 15000 NO ONE KNOWS. SO IF YOU WAIT FOR MORE DOWNFALL, HEARING THE DIFFERENT PESSIMISTIC AND CAUTIOUS VIEWS,YOU MAY NOT BE ABLE TO GET THE LEAST PROFIT RATHER SETTLE WITH LOSSES OR HIGHER COST OF PORTFOLIO RESULTING IN LOW RETURNS.
HENCE START BUYING THE QUALITY STOCKS, WHICH I HAVE MENTIONED SEVERAL TIMES. TATASTEEL, HDFCBANK, LIC HOUSING FINANCE, COAL INDIA, BHEL, SKUMARS, RALLIS, SHALIMAR PAINTS, ITC, HUL, RELIANCE, BHARTI ETC., TO NAME THE FEW.
FOR TODAY: NIFTY HAS SUPPORT AT 4900-4880 BREAK OF WHICH SHALL RESULT IN NIFTY TOUCHING 4840-4805. ON THE HIGHER SIDE ABOVE 4940 NIFTY SHALL HIT 4960-4980-5000.THERE ARE CHANCES THAT NIFTY SHALL BOUNCE BACK FROM 4880-4900 ODD LEVELS.
ASTROLOGICALLY: NIFTY MAY OPEN LOWER ON WEAK GLOBAL CUES HOWEVER IT SHALL RECOVER TODAY AND THE SECOND PART OF THE DAY SHALL SEE GREEN.
NEXT POOR PLANETARY MOVEMENT WILL BE SEEN ON 26TH, 27TH OR 28TH SEPTEMBER, WHERE THERE WILL BE HIGH VOLATILE MOVEMENTS. STAYING AWAY FROM THE MARKETS IN THESE DAYS IS THE BEST...... ENJOY THE HOLIDAY ON THESE DATES, OR THERE COULD BE LOSSES.
AS ALREADY TOLD OCTOBER/NOVEMBER IS GOING TO BE VERY VERY POOR FOR INDIA AND ALSO FOR INDIAN MARKETS. ONE SHOULD KEEPING THIS VIEW SHALL BUY QUALITY STOCKS IN SMALL QUANTITIES ONLY. MAY BE!!! WE MAY SEE LEVELS BELOW THE AUGUST LOW IN THIS PERIOD.
THERE ARE 40% CHANCE THAT I MAY GO WRONG IN ABOVE ANALYSIS, HENCE USE YOUR OWN WISDOM AND PROPER CONSULTATION AND GUIDANCE FROM YOUR ADVISERS BEFORE INITIATING ANY TRADE ON MY VIEW.
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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