INDIAN MARKETS HAVE CORRECTED ALMOST 2% LAST WEEK AMID WEAK GLOBAL CUES AND MIXED EARNING NUMBERS FROM COMPANIES. INDIA'S INFLATION REMAINED THE CAUSE OF WORRY IN THE MARKET AND DIVISIONS BETWEEN FRANCE AND GERMANY OVER THE DEBT CRISIS AHEAD OF EU SUMMIT RESULTED IN WEAK SENTIMENT AND CAUTIOUS APPROACH. HENCE MARKET SLIPPED. NIFTY ENDED AT 5049.95 AND SENSEX ENDED AT 16785.64.
GOING FORWARD MARKET SHALL BE AFFECTED BY THE GLOBAL DEVELOPMENTS, RBI POLICY ON 25TH-which may see another rate hike by 25bps AND CORPORATE EARNINGS. ANY THING ADVERSE FROM THE GLOBAL MARKETS SHALL CERTAINLY HIT THE MARKET SENTIMENT HERE ALSO. ELSE MARKETS TO REMAIN IN THE RANGE. NIFTY SHALL TRADE IN THE RANGE OF 4940-5230. BREAK OF THIS RANGE SHALL INVITE FRESH MOVE OF AT LEAST 150-200 POINTS.
NOW IN THE SHORT TERM THE RANGE FOR THE NIFTY IS 5010-5170. BREAK OUT ABOVE 5170(CLOSING BASIS) SHALL MAKE NIFTY TO MOVE AROUND 5230 AND THEN TO 5320, HOWEVER BREAK DOWN BELOW 5010 SHALL SEE FRESH WAVE OF SELLING AND NIFTY MAY SLIP TO 4940 AND THEN TO 4800. HENCE A BROAD STOP-LOSS OF 5000-4940 SHOULD BE MAINTAINED FOR ALL LONGS. HOWEVER IF THERE ARE SOME POSITIVE DEVELOPMENTS AND NIFTY MOVES OR CLOSES ABOVE 5170 THEN ONE SHOULD NOT BE SHORT IN THE MARKETS AS NIFTY MAY SHOOT UP TO 5230-5270-5320 OR EVEN 5400, HENCE THOSE BEARISH IN THE MARKET SHOULD KEEP 5170 AS STRICT STOP-LOSS.
STRATEGY: BUY CE5100 & CE5200, IF NIFTY MOVES AND/OR CLOSES ABOVE 5170, FOR THE SHORT TERM TARGET OF 5230-5320.
BUY PE5000 & PE4900, IF NIFTY MOVES AND/OR CLOSES BELOW 5000-4940, FOR THE SHORT TERM TARGET OF 4800.
STOCKS TO WATCH & BUY FOR SHORT TERM:
1. DELTA CORP(100): MAY RISE SOON TO NEW HIGHS. MY SHORT TERM TARGET IS 140++++++. MUST BUY FOR LONG TERM AND FOR DEEPAVALI RISE.
2. CUB(44): MAY TOUCH 50-52++ SOON, MAY BE 15-20 DAYS............
ASTROLOGICALLY: PLANETS DO NOT FAVOR THE UP MOVE, THERE MAY BE SLIP AND DOWN MOVE. HOWEVER IT WILL BE IMPORTANT TO SEE HOW THE EVENTS SHAPE-UP AND ACT ACCORDINGLY, AS MY ANALYSIS MIGHT GO WRONG ALSO, SO WHY TO TAKE RISK.
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 AFFECTED BY THE GLOBAL DEVELOPMENTS, RBI POLICY ON 25TH-which may see another rate hike by 25bps AND CORPORATE EARNINGS. ANY THING ADVERSE FROM THE GLOBAL MARKETS SHALL CERTAINLY HIT THE MARKET SENTIMENT HERE ALSO. ELSE MARKETS TO REMAIN IN THE RANGE. NIFTY SHALL TRADE IN THE RANGE OF 4940-5230. BREAK OF THIS RANGE SHALL INVITE FRESH MOVE OF AT LEAST 150-200 POINTS.
NOW IN THE SHORT TERM THE RANGE FOR THE NIFTY IS 5010-5170. BREAK OUT ABOVE 5170(CLOSING BASIS) SHALL MAKE NIFTY TO MOVE AROUND 5230 AND THEN TO 5320, HOWEVER BREAK DOWN BELOW 5010 SHALL SEE FRESH WAVE OF SELLING AND NIFTY MAY SLIP TO 4940 AND THEN TO 4800. HENCE A BROAD STOP-LOSS OF 5000-4940 SHOULD BE MAINTAINED FOR ALL LONGS. HOWEVER IF THERE ARE SOME POSITIVE DEVELOPMENTS AND NIFTY MOVES OR CLOSES ABOVE 5170 THEN ONE SHOULD NOT BE SHORT IN THE MARKETS AS NIFTY MAY SHOOT UP TO 5230-5270-5320 OR EVEN 5400, HENCE THOSE BEARISH IN THE MARKET SHOULD KEEP 5170 AS STRICT STOP-LOSS.
STRATEGY: BUY CE5100 & CE5200, IF NIFTY MOVES AND/OR CLOSES ABOVE 5170, FOR THE SHORT TERM TARGET OF 5230-5320.
BUY PE5000 & PE4900, IF NIFTY MOVES AND/OR CLOSES BELOW 5000-4940, FOR THE SHORT TERM TARGET OF 4800.
STOCKS TO WATCH & BUY FOR SHORT TERM:
1. DELTA CORP(100): MAY RISE SOON TO NEW HIGHS. MY SHORT TERM TARGET IS 140++++++. MUST BUY FOR LONG TERM AND FOR DEEPAVALI RISE.
2. CUB(44): MAY TOUCH 50-52++ SOON, MAY BE 15-20 DAYS............
ASTROLOGICALLY: PLANETS DO NOT FAVOR THE UP MOVE, THERE MAY BE SLIP AND DOWN MOVE. HOWEVER IT WILL BE IMPORTANT TO SEE HOW THE EVENTS SHAPE-UP AND ACT ACCORDINGLY, AS MY ANALYSIS MIGHT GO WRONG ALSO, SO WHY TO TAKE RISK.
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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