INDIAN STOCK MARKET LOST THE GROUND OF ITS MOMENTUM IN LAST WEEK ON THE EUROPE CHAOS TO CONTAIN THE EURO-ZONE CRISIS. THE WORSENING SITUATION IN THE GREEK LEAD TO RENEW THE WORRIES ON THE FOREHEAD OF GLOBAL FUND MANAGERS. DOMESTICALLY RISE IN THE PRICES OF PETROL AND RISING FOOD INFLATION TO THE HIGHEST LEVEL IN NINE MONTHS (to 12.21% in the week ended Oct 22, 2011 from the earlier 11.43% in the previous week). ANY HIKE IN DIESEL, KEROSENE AND LPG PRICES, THE CHANCES OF WHICH ARE HIGHER IN NEAR FUTURE, WILL ADD FUEL TO ROARING INFLATION WAS ALSO THE MAJOR WORRY IN THE INSTITUTIONAL CIRCLE. THIS ALL LEAD TO A VOLATILE AND DECLINING MARKETS. ALSO AS I STATED IN THE PREVIOUS WEEK THAT MARKETS HAVE RUN TOO FAST WITH A GAP, WHICH IT WILL FILL BY COMING DOWN TO 5220-5200 LEVELS, EXACTLY THE SAME HAS HAPPENED. SO THE CORRECTION IN THE MARKET WAS NATURAL.
GOING FORWARD, MARKETS MAY REMAIN IN A RANGE, HOWEVER THE STOCK SPECIFIC ACTIVITY IS LIKELY TO DOMINATE, AS THE CORPORATE RESULTS HAVE THEIR OWN MARKINGS. ALSO MONDAY(7TH NOVEMBER) & THURSDAY(10TH NOVEMBER) IS HOLIDAY HENCE THERE MAY BE LACK LUSTER RANGE BOUND MOVEMENT UNTIL THERE IS SOME NEWS/CUES REALLY CONCERNED OR BIG COMES IN. MARKETS MAY SEE BUYING ON THE LOWER LEVELS AND GRADUALLY THE INDICES MAY INCH UP. IMPORTANT GLOBAL CUE SHALL COME FROM EUROPE AND AMERICA, WHERE U.S FED CHAIRMAN, BERNANKE SIGNALED ADDITIONAL MONETARY STIMULUS MAY BE NEEDED TO LOWER U.S UNEMPLOYMENT AS FOMC PROJECTED LITTLE ACCELERATION IN IN THE ECONOMY. FOMC SAID, A SIGNIFICANT DOWNSIDE RISK REMAIN TO THE OUTLOOK EVEN AFTER 3RD QUARTER GROWTH STRENGTHENED SOMEWHAT. THE RISK INCLUDE CONCERNS ABOUT EUROPEAN FISCAL AND BANKING ISSUES. HENCE IT SHOULD BE CLEARLY NOTED THAT THE GLOBAL CONCERNS HAVE NOT EASED AND NEITHER THEY WILL IN NEAR FUTURE AND KEEP ON HAUNTING THE GLOBAL MARKETS FROM TIME TO TIME AND THERE REMAINS THE RISK OF RISK AVERSION. HOWEVER IN INDIA WE MAY NOT SEE SIGNIFICANT BREAK DOWN, UNTIL THERE IS REALLY POOR DOMESTIC DEVELOPMENT. DOMESTICALLY RISE IN INFLATION, INSTABILITY IN POLITICAL SCENARIO, ANY HIKE IN INTEREST RATE, HIKE IN DIESEL PRICES, FALL IN THE VALUE OF RUPEE IN TERMS OF DOLLAR, CHARGES ON BIG BUSINESS HOUSE NAME IN 2-G CASE, ETC., MAY REALLY BRING JOLT TO THE INDIAN MARKETS.
AFTER MAKING A HIGH OF 5399.70 ON 28TH OCTOBER , NIFTY HAS BEEN MOVING IN THE BROAD RANGE OF 200 POINTS BETWEEN 5200 & 5400 FOR THE LAST SIX TRADING SESSIONS. AS SAID EARLIER 5200 SHALL BE THE SUPPORT FOR THE MARKET(AS SHOWN BY THE OPTIONS IN NOV SERIES), ANY BREAK DOWN BELOW 5200 SHALL MAKE THE SHORT TERM TREND DOWN AND NIFTY MAY SEE SHARP CUT TO 5070-5000 LEVELS. ON THE OTHER HAND BREAK OF 5420-5450 ON THE HIGHER SIDE SHALL OPEN THE GATE OF 5550-5600. HENCE ALL THOSE WHO ARE IN HABIT AND PASSION OF TRADING, THESE UNCERTAIN AND VOLATILE MARKETS SHALL KEEP 5200 AS THE STOP-LOSS. HOWEVER INVESTORS FOR MEDIUM TO LONG TERM SHALL GRADUALLY START BUYING WITH THE 20% OF THEIR MONEY. INVESTORS REALLY NEED NOT TO WORRY, AS THERE WILL BE VERY GOOD BUYING OPPORTUNITY AND MARKETS MAY FORM BOTTOM VERY SOON AND WE MAY SEE A GOOD RALLY NEXT YEAR, WHERE NIFTY SHALL TOUCH 6800 BUT BEFORE THAT THERE MAY BE PAIN IN THE SHORT TERM.
STOCKS WHICH ONE MUST TRY TO BUY ON EVERY FALL:
1. COAL INDIA.
2. HDFC
3. LIC HOUSING FINANCE
4. PETRONET
5. LT
6. ITC
IN THE FRONT LINE SECTION.
WHAT I HAVE BEEN HOLDING/ADDING IN MY CLIENTS' AND FAMILY PORTFOLIO IS AS FOLLOWS:
1. RALLIS @ 774-1100( BEFORE SPLIT)
2. PIRAMAL GLASS @85-96
3. SKUMAR @ 85-70-65-50-45
4. ORCHID @ 280-230-200-180-165
5. SHALIMAR PAINT @280-300-500
6. GUJRAT FLOURO @ 190-220-240
7. HINDOIL EXPL @ 230-200-180
8. BATA @ 200-280-300
9. STERLITE TECH @ 65-50-40-36
10. VIP @430-500
ARE FEW SHARES WHICH ARE GOOD FUNDAMENTALLY TO BUY FOR MEDIUM TO LONG TERM.
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, MARKETS MAY REMAIN IN A RANGE, HOWEVER THE STOCK SPECIFIC ACTIVITY IS LIKELY TO DOMINATE, AS THE CORPORATE RESULTS HAVE THEIR OWN MARKINGS. ALSO MONDAY(7TH NOVEMBER) & THURSDAY(10TH NOVEMBER) IS HOLIDAY HENCE THERE MAY BE LACK LUSTER RANGE BOUND MOVEMENT UNTIL THERE IS SOME NEWS/CUES REALLY CONCERNED OR BIG COMES IN. MARKETS MAY SEE BUYING ON THE LOWER LEVELS AND GRADUALLY THE INDICES MAY INCH UP. IMPORTANT GLOBAL CUE SHALL COME FROM EUROPE AND AMERICA, WHERE U.S FED CHAIRMAN, BERNANKE SIGNALED ADDITIONAL MONETARY STIMULUS MAY BE NEEDED TO LOWER U.S UNEMPLOYMENT AS FOMC PROJECTED LITTLE ACCELERATION IN IN THE ECONOMY. FOMC SAID, A SIGNIFICANT DOWNSIDE RISK REMAIN TO THE OUTLOOK EVEN AFTER 3RD QUARTER GROWTH STRENGTHENED SOMEWHAT. THE RISK INCLUDE CONCERNS ABOUT EUROPEAN FISCAL AND BANKING ISSUES. HENCE IT SHOULD BE CLEARLY NOTED THAT THE GLOBAL CONCERNS HAVE NOT EASED AND NEITHER THEY WILL IN NEAR FUTURE AND KEEP ON HAUNTING THE GLOBAL MARKETS FROM TIME TO TIME AND THERE REMAINS THE RISK OF RISK AVERSION. HOWEVER IN INDIA WE MAY NOT SEE SIGNIFICANT BREAK DOWN, UNTIL THERE IS REALLY POOR DOMESTIC DEVELOPMENT. DOMESTICALLY RISE IN INFLATION, INSTABILITY IN POLITICAL SCENARIO, ANY HIKE IN INTEREST RATE, HIKE IN DIESEL PRICES, FALL IN THE VALUE OF RUPEE IN TERMS OF DOLLAR, CHARGES ON BIG BUSINESS HOUSE NAME IN 2-G CASE, ETC., MAY REALLY BRING JOLT TO THE INDIAN MARKETS.
AFTER MAKING A HIGH OF 5399.70 ON 28TH OCTOBER , NIFTY HAS BEEN MOVING IN THE BROAD RANGE OF 200 POINTS BETWEEN 5200 & 5400 FOR THE LAST SIX TRADING SESSIONS. AS SAID EARLIER 5200 SHALL BE THE SUPPORT FOR THE MARKET(AS SHOWN BY THE OPTIONS IN NOV SERIES), ANY BREAK DOWN BELOW 5200 SHALL MAKE THE SHORT TERM TREND DOWN AND NIFTY MAY SEE SHARP CUT TO 5070-5000 LEVELS. ON THE OTHER HAND BREAK OF 5420-5450 ON THE HIGHER SIDE SHALL OPEN THE GATE OF 5550-5600. HENCE ALL THOSE WHO ARE IN HABIT AND PASSION OF TRADING, THESE UNCERTAIN AND VOLATILE MARKETS SHALL KEEP 5200 AS THE STOP-LOSS. HOWEVER INVESTORS FOR MEDIUM TO LONG TERM SHALL GRADUALLY START BUYING WITH THE 20% OF THEIR MONEY. INVESTORS REALLY NEED NOT TO WORRY, AS THERE WILL BE VERY GOOD BUYING OPPORTUNITY AND MARKETS MAY FORM BOTTOM VERY SOON AND WE MAY SEE A GOOD RALLY NEXT YEAR, WHERE NIFTY SHALL TOUCH 6800 BUT BEFORE THAT THERE MAY BE PAIN IN THE SHORT TERM.
STOCKS WHICH ONE MUST TRY TO BUY ON EVERY FALL:
1. COAL INDIA.
2. HDFC
3. LIC HOUSING FINANCE
4. PETRONET
5. LT
6. ITC
IN THE FRONT LINE SECTION.
WHAT I HAVE BEEN HOLDING/ADDING IN MY CLIENTS' AND FAMILY PORTFOLIO IS AS FOLLOWS:
1. RALLIS @ 774-1100( BEFORE SPLIT)
2. PIRAMAL GLASS @85-96
3. SKUMAR @ 85-70-65-50-45
4. ORCHID @ 280-230-200-180-165
5. SHALIMAR PAINT @280-300-500
6. GUJRAT FLOURO @ 190-220-240
7. HINDOIL EXPL @ 230-200-180
8. BATA @ 200-280-300
9. STERLITE TECH @ 65-50-40-36
10. VIP @430-500
ARE FEW SHARES WHICH ARE GOOD FUNDAMENTALLY TO BUY FOR MEDIUM TO LONG TERM.
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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