MAINLY DUE TO GLOBAL CUES, INDIAN MARKET SLIPPED DURING A VOLATILE SESSION AND EVEN A HANDSOME RECOVERY FROM THE LOWEST POINT OF THE DAY COULD NOT SAVE THE MARKET FROM CLOSING IN RED ON THE FOURTH CONSECUTIVE SESSION. WHILE SHORT COVERING AND REBOUND IN THE GLOBAL MARKETS LED A RECOVERY IN THE LAST TWO HOURS OF THE DAY, A SHARP CUT IN THE INDICES OF CAPITAL GOOD, METAL, FMCG, POWER AND AUTO STOCKS LED TO CLOSE THE MARKET IN THE RED. MELT DOWN IN THE PRICES OF THE GLOBAL COMMODITIES ALSO LED TO THE FALL IN EQUITIES, REFLECTED BY THE POOR SENTIMENTS OF GROWTH AND RISK AVERSION AND SHIFT OF INVESTMENT THEME FROM COMMODITIES TO CURRENCIES. NIFTY HIT INTRA-DAY LOW OF 4758.85 AND FINALLY CLOSED AT 4835.40, DOWN 32.35 POINTS, WHILE SENSEX MADE AN INTRA-DAY LOW OF 15801.01 AND RECOVERED TO CLOSE AT 16051.10, DOWN BY 110.96 POINTS. MARKET BREADTH WAS NEGATIVE AND BOTH MID-CAP AND SMALL-CAP INDEX WERE DOWN AROUND 2%.
GOING FORWARD 4750 & 5170 SHALL BE THE KEY LEVEL TO WATCH FOR. IF NIFTY MOVES BELOW 4750 THEN THERE WILL BE FREE FALL TO 4700-4650 & THEN BELOW THAT TO 4500-4400-4330. HENCE KEEP EYE ON 4750(ON CLOSING BASIS). CHANCES ARE VERY MUCH THAT NIFTY WILL TEST 4650-4600 ZONE VERY SOON.
ON THE OTHER HAND IF NIFTY SUSTAINS ABOVE 5170 THEN NIFTY SHALL HEAD TOWARDS 5230-5350-5400(CHANCES ARE VERY LESS IN THE VERY SHORT TERM).
FOR TODAY: 4820-4870 ARE THE KEY LEVELS TO WATCH.
ABOVE 4870 NIFTY SHALL TEST 4920-4930-4950-4980 SHALL BE THE LEVELS WHERE NIFTY COULD REACH ON SHORT COVERING AHEAD OF SEPTEMBER FUTURE SETTLEMENT.
BELOW 4820 NIFTY SHALL TAKE SUPPORT AT 4760-4750 AND THEN SLIP TO 4700-4680 ON FURTHER FALL.
WHAT YOU SHOULD DO?????
ITS TIME TO WAIT AND WATCH. LET THE NIFTY CONSOLIDATE IN THIS RANGE 4750-4950 AND TAKE A FRESH CALL ON MOVE BEYOND THESE LEVELS. THIS RANGE WILL DECIDE THE TREND OF THE NIFTY IN DAYS TO COME. HENCE YOU AT THE CROSS ROADS, DON'T TAKE YOUR OWN VIEW AND CALL IN THE MARKET, FOLLOW THE TREND. ITS VERY IMPORTANT TO NOTE THAT TECHNICALS ARE THE REFLECTION OF BEHAVIORS OF PARTICIPANTS, WHICH DOESN'T INTEGRATE THE FUNDAMENTAL CHANGES IN THE ENVIRONMENT AND ECONOMY. HENCE THERE ARE SOME TECHNICAL INDICATORS AND TOOL, WHICH MAY LEAD TO CONCLUDE THAT NIFTY MAY MOVE TO 4000 OR EVEN BELOW. BUT THERE IS A WIDE GAP OF 'MAY'. IT MAY HAPPEN OR NOT HAPPEN. NIFTY MAY GO TO 4000 OR BELOW OR MAY NOT GO BELOW 4000. HENCE CONCLUDING THAT NIFTY WILL MOVE TO 4000 OR BELOW SHALL CAUSE CAUTION AND FEAR IN THE MIND OF THE INVESTOR AND TRADER AND THIS MAY MISLEAD AND MANY WISE PEOPLE MAY MISS THE BUS.
NO BODY KNOWS THE FUTURE OF THE MARKETS, NO ANALYST, NO ASTROLOGER, NO HNI TRADER, NO FII OR NOT EVEN THE FINANCE MINISTER OR PRIME MINISTER. THAT'S WHY ALL WISE AND COMPETENT FUND MANAGERS USE THE BASIC INVESTING AND TRADING PRINCIPLES AND ONE SUCH PRINCIPLE IS--"Spread your buying in several parts and be the buyer on every dip". It means to say that If you like a script say, if you want to invest in SBI note the 52 month high and low and see where the price is and start buying 25% on every fall of 10%. This will make you in a good trading cycle, which will give you opportunity to trade and invest both and never give you losses. Avoid using Stop-Loss theory in this market at this point.
HENCE EVERY WISE PERSON SHOULD START INVESTING, IRRESPECTIVE OF THE MARKET TREND AND FORGET ASKING AND SEARCHING THE QUESTIONS LIKE: "Where do you see the market?" "How will the market be tomorrow?" and so on...
BEST STOCKS TO PICK NOW ARE:
1. RALLIS
2. SKUMAR NATION (very low price)
3. COAL INDIA
4. HDFC BANK
5. LIC HOUSING FINANCE
6. EXIDE
7. GITANJALI
8. TITAN
9. GUJRAT FLOURO
10. HIND OIL EXPLORATION(very low price)
11. NEYVELLI LIG (very low price)
12. PATNI (very low price)
13. RCOM (very low price)
14. SCI (very low price)
15. STERLITE IND (very low price)
16. UNITECH (very low price)
17. BATA
18. ESCORTS
19. ARVIND IND
20. APTECH.
ASTROLOGICALLY: I see the cluster of planet again on 27th September evening and 28th September, 2011. This shows that America and Global Markets could have sudden and surprise moves, which may nervous the traders of both kind-Bulls & Bears.
Its time to stay away for next 2-3 days for trading. Best is to trade in Options and have very selective Stock Picks as there will be shocks and surprises both. Shock will be very bitter now. Nifty will also get the heat. No large position is suggest in either side.Buying of PUTs PE4800, PE4700 and PE4600(OCT SERIES), shall give fast buck. Use 5170 as stop-loss in all case of OCT PUTs.
There are 50% chances that I may go wrong in my astrological analysis. Take your own decision making instinct and capacities.
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 4750 & 5170 SHALL BE THE KEY LEVEL TO WATCH FOR. IF NIFTY MOVES BELOW 4750 THEN THERE WILL BE FREE FALL TO 4700-4650 & THEN BELOW THAT TO 4500-4400-4330. HENCE KEEP EYE ON 4750(ON CLOSING BASIS). CHANCES ARE VERY MUCH THAT NIFTY WILL TEST 4650-4600 ZONE VERY SOON.
ON THE OTHER HAND IF NIFTY SUSTAINS ABOVE 5170 THEN NIFTY SHALL HEAD TOWARDS 5230-5350-5400(CHANCES ARE VERY LESS IN THE VERY SHORT TERM).
FOR TODAY: 4820-4870 ARE THE KEY LEVELS TO WATCH.
ABOVE 4870 NIFTY SHALL TEST 4920-4930-4950-4980 SHALL BE THE LEVELS WHERE NIFTY COULD REACH ON SHORT COVERING AHEAD OF SEPTEMBER FUTURE SETTLEMENT.
BELOW 4820 NIFTY SHALL TAKE SUPPORT AT 4760-4750 AND THEN SLIP TO 4700-4680 ON FURTHER FALL.
WHAT YOU SHOULD DO?????
ITS TIME TO WAIT AND WATCH. LET THE NIFTY CONSOLIDATE IN THIS RANGE 4750-4950 AND TAKE A FRESH CALL ON MOVE BEYOND THESE LEVELS. THIS RANGE WILL DECIDE THE TREND OF THE NIFTY IN DAYS TO COME. HENCE YOU AT THE CROSS ROADS, DON'T TAKE YOUR OWN VIEW AND CALL IN THE MARKET, FOLLOW THE TREND. ITS VERY IMPORTANT TO NOTE THAT TECHNICALS ARE THE REFLECTION OF BEHAVIORS OF PARTICIPANTS, WHICH DOESN'T INTEGRATE THE FUNDAMENTAL CHANGES IN THE ENVIRONMENT AND ECONOMY. HENCE THERE ARE SOME TECHNICAL INDICATORS AND TOOL, WHICH MAY LEAD TO CONCLUDE THAT NIFTY MAY MOVE TO 4000 OR EVEN BELOW. BUT THERE IS A WIDE GAP OF 'MAY'. IT MAY HAPPEN OR NOT HAPPEN. NIFTY MAY GO TO 4000 OR BELOW OR MAY NOT GO BELOW 4000. HENCE CONCLUDING THAT NIFTY WILL MOVE TO 4000 OR BELOW SHALL CAUSE CAUTION AND FEAR IN THE MIND OF THE INVESTOR AND TRADER AND THIS MAY MISLEAD AND MANY WISE PEOPLE MAY MISS THE BUS.
NO BODY KNOWS THE FUTURE OF THE MARKETS, NO ANALYST, NO ASTROLOGER, NO HNI TRADER, NO FII OR NOT EVEN THE FINANCE MINISTER OR PRIME MINISTER. THAT'S WHY ALL WISE AND COMPETENT FUND MANAGERS USE THE BASIC INVESTING AND TRADING PRINCIPLES AND ONE SUCH PRINCIPLE IS--"Spread your buying in several parts and be the buyer on every dip". It means to say that If you like a script say, if you want to invest in SBI note the 52 month high and low and see where the price is and start buying 25% on every fall of 10%. This will make you in a good trading cycle, which will give you opportunity to trade and invest both and never give you losses. Avoid using Stop-Loss theory in this market at this point.
HENCE EVERY WISE PERSON SHOULD START INVESTING, IRRESPECTIVE OF THE MARKET TREND AND FORGET ASKING AND SEARCHING THE QUESTIONS LIKE: "Where do you see the market?" "How will the market be tomorrow?" and so on...
BEST STOCKS TO PICK NOW ARE:
1. RALLIS
2. SKUMAR NATION (very low price)
3. COAL INDIA
4. HDFC BANK
5. LIC HOUSING FINANCE
6. EXIDE
7. GITANJALI
8. TITAN
9. GUJRAT FLOURO
10. HIND OIL EXPLORATION(very low price)
11. NEYVELLI LIG (very low price)
12. PATNI (very low price)
13. RCOM (very low price)
14. SCI (very low price)
15. STERLITE IND (very low price)
16. UNITECH (very low price)
17. BATA
18. ESCORTS
19. ARVIND IND
20. APTECH.
ASTROLOGICALLY: I see the cluster of planet again on 27th September evening and 28th September, 2011. This shows that America and Global Markets could have sudden and surprise moves, which may nervous the traders of both kind-Bulls & Bears.
Its time to stay away for next 2-3 days for trading. Best is to trade in Options and have very selective Stock Picks as there will be shocks and surprises both. Shock will be very bitter now. Nifty will also get the heat. No large position is suggest in either side.Buying of PUTs PE4800, PE4700 and PE4600(OCT SERIES), shall give fast buck. Use 5170 as stop-loss in all case of OCT PUTs.
There are 50% chances that I may go wrong in my astrological analysis. Take your own decision making instinct and capacities.
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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