ON THE VERY FIRST DAY OF THE OCTOBER SERIES MARKET STARTED ON THE WEAK NOTE WHICH DRAGGED NIFTY BELOW 4950, WHICH HAD DECENT RECOVERY IN THE LAST FEW DAYS OF THE SEPTEMBER SERIES, WHICH ENDED ABOVE 5000 MARK, BEYOND THE EXPECTATION OF THE BEARS BUT ON FRIDAY THE 30TH SEPTEMBER MARKET SAW A HEAVY SELL-OFF IN THE ADAG PACK DRIVEN BY CBI INVESTIGATION IN 2G SCAM ABOUT THE ANIL AMBANI BEING PUT UNDER THE SCANNER. ALSO THE BLEAK GLOBAL MARKETS, DISPLEASED BY THE BAILOUT PACKAGE APPROVED BY THE GERMAN PARLIAMENT, PUT THE SELLING SENTIMENTS IN INDIAN MARKETS. NIFTY CLOSED AT 4943.25, DOWN 72.20 POINTS AND SENSEX CLOSED AT 16453.76, DOWN 244.31. MARKET BREADTH WAS NEGATIVE AND BOTH MID-CAP AND SMALL-CAP INDEX WAS DOWN MORE THAN HALF PERCENTAGE POINTS. ALL OTHER SECTORAL INDICES CLOSED INTO RED EXCEPT CONSUMER DURABLE.
IN THE EXPECTED DEVELOPMENT A NEW MINES BILL THAT PROVIDES FOR SHARING OF PROFITS & ROYALTY WITH THE PROJECT AFFECTED PEOPLE HAS BEEN CLEARED BY CABINET AND LIKELY TO BE TABLED IN WINTER SESSION OF THE PARLIAMENT. COAL INDIA, GMDC, ETC LOST MORE THAN 5% ON THIS MOVE.
GOING FORWARD MARKET SHALL WATCH OUT THE FOLLOWING MAJOR EVENTS AND DATA:
1. ECB MEET ON 6TH OCT ON EXPECTATION OF CUT AT LEAST 25bps IN BENCHMARK INTEREST RATE TO 1.5%.
2. MONTHLY SALES AND DISPATCH NUMBERS FOR AUTO AND CEMENT SECTOR.
3. WEEKLY INFLATION NUMBERS ON FOOD, FUEL AND PRIMARY ARTICLES TO BE RELEASED ON FRIDAY-7TH OCTOBER ( IN PLACE OF THURSDAY AS ITS A HOLIDAY ON ACCOUNT OF DUSHERRA).
4. SECOND QUARTER EARNINGS, WHICH ARE EXPECTED TO START DROPPING IN BY THE 2ND WEEK OF OCTOBER.
THE BROAD RANGE OF THE NIFTY SHALL BE 4750-5200, BREAK OF EITHER SIDE SHALL BRING AT LEAST 200-300 POINTS MOVE IN NIFTY. THE MARKET IS EXPECTED TO REMAIN CAUTIOUS AND OUTLOOK FOR OCTOBER REMAINS GRIM AND MURKY. THERE IS NO MAJOR POSITIVE TRIGGER EXPECTED IN THE NEAR FUTURE WHICH MIGHT HELP INDIAN MARKETS TO START MOVING ABOVE 5200, HOWEVER THE CHANCES ARE MORE THAT MARKETS WILL LOOSE STEAM IF THE CORPORATE PERFORMANCE COMES OUT TO BE WEAKER THAN EXPECTED. REGARDING THE INTEREST RATE, STREET IS DIVIDED IN THE HALF ABOUT ITS PEAKING OFF. HENCE TO CONCLUDE THE MARKET OUTLOOK REMAINS WEAK AND PESSIMISTIC, DEPENDENT ON GLOBAL CUES AND DOMESTIC DEVELOPMENT OF INSTABILITY IN POLITICS AND ECONOMIC FRONT.
ANALYST BELIEVE THAT MARKET MAY TEST ITS RECENT LOWS AND MAY MOVE BELOW IT.4500-4400 REMAINS THE STRONG SUPPORT FOR THE MARKET IF 4750 IS BROKEN. BUYING SHOULD BE INITIATED AROUND 4800-4750 FOR AT LEAST 20%-25% OF CAPITAL TO BE DEPLOYED.
FOR TODAY: MAJOR SUPPORT FOR THE MARKET REMAINS 4900-4850 AND RESISTANCE IS AT 4990-5020.
WEEKLY STRATEGY 1:
BUY NIFTY PUTs(PE 5000 & PE4900) IF NIFTY SUSTAINS BELOW 4900 KEEPING THE STOP-LOSS OF 4990
BUY NIFTY CALLs(CE5000 & CE5100) IF NIFTY SUSTAINS ABOVE 4990 KEEPING THE STOP-LOSS OF 4900.
WEEKLY STRATEGY 2:
KEEP ON BUYING NIFTY PUTs(PE 5000, PE4900, PE4800) IF NIFTY BREAK OUT AND REACHES AROUND 5170 OR BREAKS BELOW 4900. NIFTY SHALL WITNESS WEAKNESS BUY THE 3RD AND 4TH WEEK OF OCTOBER.
NEWS BASED STOCKS: BUY IN THE FOLLOWING STOCKS FOR AT LEAST 6-9 MONTHS HOLDING PERIOD. ALSO ACCUMULATE WHEN NIFTY DIPS SHARPLY TOWARDS THE LOWS IN OCT.
1. TATAGLOBAL(85.55): BUY ON EVERY DIP FOR THE TARGET OF 125++++. A GOOD BUY IN DELIVERY.
2.KEC INTERNATIONAL(59.70):BUY ON EVERY DIP FOR THE TARGET OF 90++++. A GOOD BUY IN DELIVERY.
3.ARVIND LTD(98.30):BUY ON EVERY DIP FOR THE TARGET OF 150++++. A GOOD BUY IN DELIVERY.
4.VIP INDUSTRIES(901.65): ACCUMULATE THIS SCRIPT ON EVERY DIP. NEXT YEAR IT WILL BE A STAR PERFORMER. TARGET IS AROUND 2500+++ IN 9-12 MONTHS. HENCE BUY ON EVERY DIP AND FORGET WHAT TECHNICAL ANALYSTS SAY ABOUT THIS SCRIPT.
ASTROLOGICALLY: AS SAID LAST WEEK ALSO, ASTROLOGICALLY 3RD AND 4TH OCTOBER SHALL BE WEAK. BUT U.S MARKETS COULD SEE REBOUND ON 3RD OCTOBER (MONDAY NIGHT) SO KEEP ON BOOKING PROFITS IN PUTs AND CALLs WHERE EVERY YOU GET IT. BY NEXT WEEK 10TH-11TH & 12TH OCTOBER LOOKS POOR FOR BOTH U.S AND INDIAN MARKETS, WHERE U.S COULD SEE NEW LOWS AND SO ALSO WE CAN MOVE BELOW 4750.
NEXT IMPORTANT CONCENTRATION OF PLANETS (AS PER ASHTAKVARGA SYSTEM) COULD COME AROUND 21ST OCT-24TH OCT. THIS WILL BE VERY POOR FOR ALL GLOBAL AS WELL AS INDIAN MARKETS. THIS PHASE COULD REALLY SHOW INDIAN MARKETS VERY VERY POOR PERFORMANCE.
KINDLY NOTE THAT I HAVE ALREADY MENTIONED SEVERAL TIMES THAT OCTOBER, NOVEMBER AND DECEMBER IS NOT GOOD FOR INDIA. THERE COULD BE NATURAL CALAMITIES, TERRORIST ACTIVITIES, POLITICAL INSTABILITY AND LOT OF CHAOS IN ECONOMY HENCE A VERY CAUTIOUS APPROACH IS NEEDED. HOWEVER THIS PERIOD MIGHT GIVE US A GOOD ENTRY POINT OPPORTUNITY ALSO, SO INVEST GOOD AND SAFE.
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.
IN THE EXPECTED DEVELOPMENT A NEW MINES BILL THAT PROVIDES FOR SHARING OF PROFITS & ROYALTY WITH THE PROJECT AFFECTED PEOPLE HAS BEEN CLEARED BY CABINET AND LIKELY TO BE TABLED IN WINTER SESSION OF THE PARLIAMENT. COAL INDIA, GMDC, ETC LOST MORE THAN 5% ON THIS MOVE.
GOING FORWARD MARKET SHALL WATCH OUT THE FOLLOWING MAJOR EVENTS AND DATA:
1. ECB MEET ON 6TH OCT ON EXPECTATION OF CUT AT LEAST 25bps IN BENCHMARK INTEREST RATE TO 1.5%.
2. MONTHLY SALES AND DISPATCH NUMBERS FOR AUTO AND CEMENT SECTOR.
3. WEEKLY INFLATION NUMBERS ON FOOD, FUEL AND PRIMARY ARTICLES TO BE RELEASED ON FRIDAY-7TH OCTOBER ( IN PLACE OF THURSDAY AS ITS A HOLIDAY ON ACCOUNT OF DUSHERRA).
4. SECOND QUARTER EARNINGS, WHICH ARE EXPECTED TO START DROPPING IN BY THE 2ND WEEK OF OCTOBER.
THE BROAD RANGE OF THE NIFTY SHALL BE 4750-5200, BREAK OF EITHER SIDE SHALL BRING AT LEAST 200-300 POINTS MOVE IN NIFTY. THE MARKET IS EXPECTED TO REMAIN CAUTIOUS AND OUTLOOK FOR OCTOBER REMAINS GRIM AND MURKY. THERE IS NO MAJOR POSITIVE TRIGGER EXPECTED IN THE NEAR FUTURE WHICH MIGHT HELP INDIAN MARKETS TO START MOVING ABOVE 5200, HOWEVER THE CHANCES ARE MORE THAT MARKETS WILL LOOSE STEAM IF THE CORPORATE PERFORMANCE COMES OUT TO BE WEAKER THAN EXPECTED. REGARDING THE INTEREST RATE, STREET IS DIVIDED IN THE HALF ABOUT ITS PEAKING OFF. HENCE TO CONCLUDE THE MARKET OUTLOOK REMAINS WEAK AND PESSIMISTIC, DEPENDENT ON GLOBAL CUES AND DOMESTIC DEVELOPMENT OF INSTABILITY IN POLITICS AND ECONOMIC FRONT.
ANALYST BELIEVE THAT MARKET MAY TEST ITS RECENT LOWS AND MAY MOVE BELOW IT.4500-4400 REMAINS THE STRONG SUPPORT FOR THE MARKET IF 4750 IS BROKEN. BUYING SHOULD BE INITIATED AROUND 4800-4750 FOR AT LEAST 20%-25% OF CAPITAL TO BE DEPLOYED.
FOR TODAY: MAJOR SUPPORT FOR THE MARKET REMAINS 4900-4850 AND RESISTANCE IS AT 4990-5020.
WEEKLY STRATEGY 1:
BUY NIFTY PUTs(PE 5000 & PE4900) IF NIFTY SUSTAINS BELOW 4900 KEEPING THE STOP-LOSS OF 4990
BUY NIFTY CALLs(CE5000 & CE5100) IF NIFTY SUSTAINS ABOVE 4990 KEEPING THE STOP-LOSS OF 4900.
WEEKLY STRATEGY 2:
KEEP ON BUYING NIFTY PUTs(PE 5000, PE4900, PE4800) IF NIFTY BREAK OUT AND REACHES AROUND 5170 OR BREAKS BELOW 4900. NIFTY SHALL WITNESS WEAKNESS BUY THE 3RD AND 4TH WEEK OF OCTOBER.
NEWS BASED STOCKS: BUY IN THE FOLLOWING STOCKS FOR AT LEAST 6-9 MONTHS HOLDING PERIOD. ALSO ACCUMULATE WHEN NIFTY DIPS SHARPLY TOWARDS THE LOWS IN OCT.
1. TATAGLOBAL(85.55): BUY ON EVERY DIP FOR THE TARGET OF 125++++. A GOOD BUY IN DELIVERY.
2.KEC INTERNATIONAL(59.70):BUY ON EVERY DIP FOR THE TARGET OF 90++++. A GOOD BUY IN DELIVERY.
3.ARVIND LTD(98.30):BUY ON EVERY DIP FOR THE TARGET OF 150++++. A GOOD BUY IN DELIVERY.
4.VIP INDUSTRIES(901.65): ACCUMULATE THIS SCRIPT ON EVERY DIP. NEXT YEAR IT WILL BE A STAR PERFORMER. TARGET IS AROUND 2500+++ IN 9-12 MONTHS. HENCE BUY ON EVERY DIP AND FORGET WHAT TECHNICAL ANALYSTS SAY ABOUT THIS SCRIPT.
ASTROLOGICALLY: AS SAID LAST WEEK ALSO, ASTROLOGICALLY 3RD AND 4TH OCTOBER SHALL BE WEAK. BUT U.S MARKETS COULD SEE REBOUND ON 3RD OCTOBER (MONDAY NIGHT) SO KEEP ON BOOKING PROFITS IN PUTs AND CALLs WHERE EVERY YOU GET IT. BY NEXT WEEK 10TH-11TH & 12TH OCTOBER LOOKS POOR FOR BOTH U.S AND INDIAN MARKETS, WHERE U.S COULD SEE NEW LOWS AND SO ALSO WE CAN MOVE BELOW 4750.
NEXT IMPORTANT CONCENTRATION OF PLANETS (AS PER ASHTAKVARGA SYSTEM) COULD COME AROUND 21ST OCT-24TH OCT. THIS WILL BE VERY POOR FOR ALL GLOBAL AS WELL AS INDIAN MARKETS. THIS PHASE COULD REALLY SHOW INDIAN MARKETS VERY VERY POOR PERFORMANCE.
KINDLY NOTE THAT I HAVE ALREADY MENTIONED SEVERAL TIMES THAT OCTOBER, NOVEMBER AND DECEMBER IS NOT GOOD FOR INDIA. THERE COULD BE NATURAL CALAMITIES, TERRORIST ACTIVITIES, POLITICAL INSTABILITY AND LOT OF CHAOS IN ECONOMY HENCE A VERY CAUTIOUS APPROACH IS NEEDED. HOWEVER THIS PERIOD MIGHT GIVE US A GOOD ENTRY POINT OPPORTUNITY ALSO, SO INVEST GOOD AND SAFE.
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.