AFTER OPENING STRONG ON GLOBAL CUES MARKETS ENDED ON NEGATIVE NOTE, DUE TO PROFIT BOOKING IN HEAVY WEIGHTS LIKE RELIANCE, CAPITAL GOODS, POWER, PHARMA & TECHNOLOGY SHARES. HOWEVER BUYING WAS SEEN IN AUTO, FMCG, BANKING & REALITY SHARES WHICH WHICH LIMITED THE DOWN SLIP OF INDICES. NIFTY SHUT SHOP AT 5118.25, DOWN 14.05 POINTS AND THE SENSEX CLOSED AT 17025.09, DOWN 57.60 POINTS.
MARKET BREADTH WAS NEGATIVE AND BOTH MID-CAP & SMALL-CAP INDICES CLOSED ALMOST FLAT, WITH NEGATIVE BIAS.
NOW THE KEY FOCUS WILL BE THE CUES COMING FROM EUROPE. THE DEVELOPMENT IN EUROPE TILL THE EUROPEAN LEADER SUMMIT ON 23RD OCTOBER 2011, WHICH MAY GIVE A STRONG SOLUTION TO THE EURO-ZONE CRISIS. AMERICAN & EUROPEAN MARKETS HAVE BEEN MOVING UP ON THE SAME EXPECTATION AND IF THERE IS REALLY GOOD POSITIVE NEWS FROM EUROPE, THE WORLD WILL REJOICE AND RALLY IN ASIAN AND INDIAN MARKETS WILL CONTINUE HOWEVER ANY ADVERSE SENTIMENT, IF DEVELOPED ON FALL OF EXPECTATIONS, MAY LEAD TO SEVERE JOLT TO THE WORLD MARKETS AND RESULTS COULD BE DEVASTATING ACROSS THE GLOBE.
HENCE ITS VERY VERY IMPORTANT TO SEE THE GLOBAL DEVELOPMENT, ESPECIALLY EUROPE.
DOMESTICALLY CORPORATE RESULTS WILL KEEP ON TRICKLING IN AND THE STOCK ADJUSTMENTS WILL TAKE PLACE ACCORDING TO THE NUMBERS AND GUIDANCE OF THE COMPANIES. HENCE DOMESTICALLY THERE ARE NO MAJOR TRIGGERS FOR THE MARKET. IN ESSENCE SUNDAY THE 23RD OCTOBER WILL DECIDE THE FATE OF THE MARKETS ACROSS THE GLOBE. SO KEEP EYE ON IT!!!!!!!!!!!!!!!!
TILL THE EVENT THE BROAD RANGE OF THE MARKETS SHALL BE 4900-5300.
NOTE THAT NIFTY HAS GIVEN A RALLY OF ALMOST 9.13%, FROM THE LOWS MADE ON 4TH OCTOBER 2011, AROUND 4728.30 IN LAST EIGHT TRADING SESSIONS. AS THERE IS A STRONG RESISTANCE IN THE RANGE OF 5110-5170, IF NIFTY MANAGES TO MOVE ABOVE 5170 THEN WE MIGHT SEE RALLY TILL 5230 & 5330, HOWEVER BREAK OF 5110 SHALL PULL DOWN NIFTY TO 4940 LEVELS.
NOTE: SINCE IN THE EXTREMELY SHORT TERM NIFTY SEEMS TO BE OVER BOUGHT( KINDLY ALSO CHECK THE TECHNICALS OF YOUR OWN) AS THE INDICATORS SHOW, NIFTY IS EXPECTED TO CORRECT TO THE LEVELS OF 5000-4940 LEVELS.
FOR TODAY: NIFTY HAS SUPPORT AT 5080 AND RESISTANCE AT 5170. IF NIFTY BREAKS 5080 THEN 5040 & 5000 SHALL BE THE SUPPORT, HOWEVER IF NIFTY MANAGES TO SUSTAIN ABOVE 5170, DUE TO OTHER REASONS, THEN RALLY UP TO 5200 & 5230 WILL BE SEEN.
HENCE 5080 TO 5170 WILL BE NI TRADING ZONE. SHORT NIFTY BELOW 5080 AND BUY ABOVE 5170, KEEPING THE RESISTANCE AND SUPPORT AS STOP-LOSS TO THE POSITIONS ACCORDINGLY.
ASTROLOGICALLY: AS ALEADY SAID SEVERAL TIMES, NOW AGAIN THE SAME READINGS. THIS WEEK WILL BE WEAK FRO MONDAY NOON TO THURSDAY NOON, WHERE THERE WILL BE SPIKES OF COVERING BUT TREND WILL BE RANGE BOUND TO DOWN WARDS. HOWEVER THERE WILL BE SOME BUYING/RECOVERY IN LACKLUSTER MARKET FROM THURSDAY(20TH OCTOBER) NOON TILL FRIDAY.
ASTROLOGICALLY ITS TIME TO REMAIN CAUTIOUS AND AVOID HEAVY BUYING IN CASH AND DERIVATIVES BOTH. IF ONE MAKES PORTFOLIO, THEN HEDGING COULD BE DONE WITH THE PUT OPTIONS.
I AM BEARISH IN THE MARKET INDICES, IN THE LAST 10 DAYS OF THE OCTOBER, 2011 AND DECEMBER 2011. MAY BE THE OCTOBER 23RD EVENT, SHOW THE SIGNS OF WEAKNESS AND MAY TRIGGER A HUGE SELL-OFF. BUT THERE IS NO NEED OF PANIC.
THERE ARE 40% CHANCE THAT I MAY GO WRONG IN THE ABOVE ASTROLOGICAL ANALYSIS AND PREDICTION. SO KINDLY FOLLOW YOUR OWN ANALYSIS, JUDGEMENT, NEWS, ADVISER, COUNCILLOR, ETC AND DON'T RELY ON MY ANALYSIS AND VISION, IT MAY GO WRONG COMPLETELY. NO BODY KNOWS THE FUTURE, EXCEPT THE GOD!!!!!!
GOOD LUCK.............
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.
MARKET BREADTH WAS NEGATIVE AND BOTH MID-CAP & SMALL-CAP INDICES CLOSED ALMOST FLAT, WITH NEGATIVE BIAS.
NOW THE KEY FOCUS WILL BE THE CUES COMING FROM EUROPE. THE DEVELOPMENT IN EUROPE TILL THE EUROPEAN LEADER SUMMIT ON 23RD OCTOBER 2011, WHICH MAY GIVE A STRONG SOLUTION TO THE EURO-ZONE CRISIS. AMERICAN & EUROPEAN MARKETS HAVE BEEN MOVING UP ON THE SAME EXPECTATION AND IF THERE IS REALLY GOOD POSITIVE NEWS FROM EUROPE, THE WORLD WILL REJOICE AND RALLY IN ASIAN AND INDIAN MARKETS WILL CONTINUE HOWEVER ANY ADVERSE SENTIMENT, IF DEVELOPED ON FALL OF EXPECTATIONS, MAY LEAD TO SEVERE JOLT TO THE WORLD MARKETS AND RESULTS COULD BE DEVASTATING ACROSS THE GLOBE.
HENCE ITS VERY VERY IMPORTANT TO SEE THE GLOBAL DEVELOPMENT, ESPECIALLY EUROPE.
DOMESTICALLY CORPORATE RESULTS WILL KEEP ON TRICKLING IN AND THE STOCK ADJUSTMENTS WILL TAKE PLACE ACCORDING TO THE NUMBERS AND GUIDANCE OF THE COMPANIES. HENCE DOMESTICALLY THERE ARE NO MAJOR TRIGGERS FOR THE MARKET. IN ESSENCE SUNDAY THE 23RD OCTOBER WILL DECIDE THE FATE OF THE MARKETS ACROSS THE GLOBE. SO KEEP EYE ON IT!!!!!!!!!!!!!!!!
TILL THE EVENT THE BROAD RANGE OF THE MARKETS SHALL BE 4900-5300.
NOTE THAT NIFTY HAS GIVEN A RALLY OF ALMOST 9.13%, FROM THE LOWS MADE ON 4TH OCTOBER 2011, AROUND 4728.30 IN LAST EIGHT TRADING SESSIONS. AS THERE IS A STRONG RESISTANCE IN THE RANGE OF 5110-5170, IF NIFTY MANAGES TO MOVE ABOVE 5170 THEN WE MIGHT SEE RALLY TILL 5230 & 5330, HOWEVER BREAK OF 5110 SHALL PULL DOWN NIFTY TO 4940 LEVELS.
NOTE: SINCE IN THE EXTREMELY SHORT TERM NIFTY SEEMS TO BE OVER BOUGHT( KINDLY ALSO CHECK THE TECHNICALS OF YOUR OWN) AS THE INDICATORS SHOW, NIFTY IS EXPECTED TO CORRECT TO THE LEVELS OF 5000-4940 LEVELS.
FOR TODAY: NIFTY HAS SUPPORT AT 5080 AND RESISTANCE AT 5170. IF NIFTY BREAKS 5080 THEN 5040 & 5000 SHALL BE THE SUPPORT, HOWEVER IF NIFTY MANAGES TO SUSTAIN ABOVE 5170, DUE TO OTHER REASONS, THEN RALLY UP TO 5200 & 5230 WILL BE SEEN.
HENCE 5080 TO 5170 WILL BE NI TRADING ZONE. SHORT NIFTY BELOW 5080 AND BUY ABOVE 5170, KEEPING THE RESISTANCE AND SUPPORT AS STOP-LOSS TO THE POSITIONS ACCORDINGLY.
ASTROLOGICALLY: AS ALEADY SAID SEVERAL TIMES, NOW AGAIN THE SAME READINGS. THIS WEEK WILL BE WEAK FRO MONDAY NOON TO THURSDAY NOON, WHERE THERE WILL BE SPIKES OF COVERING BUT TREND WILL BE RANGE BOUND TO DOWN WARDS. HOWEVER THERE WILL BE SOME BUYING/RECOVERY IN LACKLUSTER MARKET FROM THURSDAY(20TH OCTOBER) NOON TILL FRIDAY.
ASTROLOGICALLY ITS TIME TO REMAIN CAUTIOUS AND AVOID HEAVY BUYING IN CASH AND DERIVATIVES BOTH. IF ONE MAKES PORTFOLIO, THEN HEDGING COULD BE DONE WITH THE PUT OPTIONS.
I AM BEARISH IN THE MARKET INDICES, IN THE LAST 10 DAYS OF THE OCTOBER, 2011 AND DECEMBER 2011. MAY BE THE OCTOBER 23RD EVENT, SHOW THE SIGNS OF WEAKNESS AND MAY TRIGGER A HUGE SELL-OFF. BUT THERE IS NO NEED OF PANIC.
THERE ARE 40% CHANCE THAT I MAY GO WRONG IN THE ABOVE ASTROLOGICAL ANALYSIS AND PREDICTION. SO KINDLY FOLLOW YOUR OWN ANALYSIS, JUDGEMENT, NEWS, ADVISER, COUNCILLOR, ETC AND DON'T RELY ON MY ANALYSIS AND VISION, IT MAY GO WRONG COMPLETELY. NO BODY KNOWS THE FUTURE, EXCEPT THE GOD!!!!!!
GOOD LUCK.............
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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