MAINLY ON THE GLOBAL CUES GLOBAL & INDIAN MARKETS FELL DOWN LAST WEEK. UNCERTAINTY IN ITALY, DOWNGRADES OF THE BANKING SECTOR BY MOODY'S HEFTY PROVISIONS FOR BAD ASSETS BY SBI, KING FISHER AIR LINES CRISIS HAS MADE HUGE SELLING IN THE BANKING STOCKS EXPOSED TO KFA. SENSEX CLOSED AT 17192.82 AND NIFTY CLOSED 5168.85
GOING FORWARD THE NEXT WEEK THE GOVERNMENT IS VERY LIKELY TO ANNOUNCE SOME MAJOR POLICY MEASURES WHICH MIGHT WORK SIGNIFICANTLY IN FAVOR OF MARKETS. BANKING SECTOR WHICH IS HIGHLY OVERSOLD SHALL SEE SHARP RECOVERY THIS WEEK AND THE MARKET RANGE SHALL BE LIMITED TO 5150-5350. BREAK ON THE EITHER SIDE SHALL INVITE FRESH 200 POINTS MOVE. THE BIAS OF THE MARKET THIS WEEK SHALL BE POSITIVE WITH RANGE BOUND MOVE.
TIP: BUY BANK NIFTY IN HUGE QUANTITY AS WE MAY SEE SHARP BOUNCE BACK.
AFTER MAKING THE TOP OF 5399.70 ON 28TH OCTOBER 2011, NIFTY HAS SEEN A CORRECTION OF ALMOST 4.78% IN THE LAST FEW DAYS. NOW NIFTY WILL GET STRONG SUPPORT NEAR 5020-5000 ZONE. IF NIFTY BREACHES 5000 THEN THE SHORT TERM TREND WOULD BECOME NEGATIVE AND NIFTY MAY FURTHER SLIP TO 4940 AND THEN TO 4800. HENCE A STOP-LOSS OF 5000 IS MUST FOR LONGS IN TRADING ACTIVITY. ON THE OTHER HAND IF NIFTY SUSTAINS ABOVE 5250 THEN 5310-5360 WILL BE SEEN SOON.
BIAS OF THE MARKET SHALL BE UP IN THE 1ST 2-3 DAYS, THEN RANGE BOUND.
STOCKS TO BUY/SELL IN THIS WEEK:
1. TVS MOTORS(66.95): BUY AT CMP AND ADD ON DIPS. TARGET OF 70-72-74-75+++ BY NEXT 10-15 DAYS.
2. STERLITE TECH(37.50): BUY AT CMP AND ADD ON DIPS. TARGET OF 41-42++
3. INGVYSYA BANK(321.30): BUY THIS SHARE ON DIPS AND ACCUMULATE ON HUGE QTY FOR MEDIUM TO LONG TERM HOLDINGS. TARGET 360-380++ ANY TIME.
ASTROLOGICALLY: THOUGH THERE WILL MAJOR TRANSIT OF SATURN IN LIBRA, THE PLANETS SHOW SLIGHTLY BULLISH IN THE 2-3 DAYS, WITH RANGE BOUND MOVEMENT, HOWEVER THERE COULD BE DECLINE ON 17TH NOV & 18TH NOV DUE TO POOR US MARKET/EUROPEAN MARKETS. NIFTY RANGE BOUND MOVE SHALL CONTINUE.
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 THE NEXT WEEK THE GOVERNMENT IS VERY LIKELY TO ANNOUNCE SOME MAJOR POLICY MEASURES WHICH MIGHT WORK SIGNIFICANTLY IN FAVOR OF MARKETS. BANKING SECTOR WHICH IS HIGHLY OVERSOLD SHALL SEE SHARP RECOVERY THIS WEEK AND THE MARKET RANGE SHALL BE LIMITED TO 5150-5350. BREAK ON THE EITHER SIDE SHALL INVITE FRESH 200 POINTS MOVE. THE BIAS OF THE MARKET THIS WEEK SHALL BE POSITIVE WITH RANGE BOUND MOVE.
TIP: BUY BANK NIFTY IN HUGE QUANTITY AS WE MAY SEE SHARP BOUNCE BACK.
AFTER MAKING THE TOP OF 5399.70 ON 28TH OCTOBER 2011, NIFTY HAS SEEN A CORRECTION OF ALMOST 4.78% IN THE LAST FEW DAYS. NOW NIFTY WILL GET STRONG SUPPORT NEAR 5020-5000 ZONE. IF NIFTY BREACHES 5000 THEN THE SHORT TERM TREND WOULD BECOME NEGATIVE AND NIFTY MAY FURTHER SLIP TO 4940 AND THEN TO 4800. HENCE A STOP-LOSS OF 5000 IS MUST FOR LONGS IN TRADING ACTIVITY. ON THE OTHER HAND IF NIFTY SUSTAINS ABOVE 5250 THEN 5310-5360 WILL BE SEEN SOON.
BIAS OF THE MARKET SHALL BE UP IN THE 1ST 2-3 DAYS, THEN RANGE BOUND.
STOCKS TO BUY/SELL IN THIS WEEK:
1. TVS MOTORS(66.95): BUY AT CMP AND ADD ON DIPS. TARGET OF 70-72-74-75+++ BY NEXT 10-15 DAYS.
2. STERLITE TECH(37.50): BUY AT CMP AND ADD ON DIPS. TARGET OF 41-42++
3. INGVYSYA BANK(321.30): BUY THIS SHARE ON DIPS AND ACCUMULATE ON HUGE QTY FOR MEDIUM TO LONG TERM HOLDINGS. TARGET 360-380++ ANY TIME.
ASTROLOGICALLY: THOUGH THERE WILL MAJOR TRANSIT OF SATURN IN LIBRA, THE PLANETS SHOW SLIGHTLY BULLISH IN THE 2-3 DAYS, WITH RANGE BOUND MOVEMENT, HOWEVER THERE COULD BE DECLINE ON 17TH NOV & 18TH NOV DUE TO POOR US MARKET/EUROPEAN MARKETS. NIFTY RANGE BOUND MOVE SHALL CONTINUE.
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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