Monday, December 26, 2011
FINANCIAL ASTRO VIKAS: MARKET VIEW FOR THE WEEK 26TH DEC 2011 TO 30TH DEC...
FINANCIAL ASTRO VIKAS: MARKET VIEW FOR THE WEEK 26TH DEC 2011 TO 30TH DEC...: LAST WEEK INDIAN STOCK MARKET ENDED HIGHER AFTER TOUCHING THE 28-MONTHS LOW INDICES. THE WEAKNESS IN THE STOCKS PERSIST AS MANY OF THEM ARE ...
MARKET VIEW FOR THE WEEK 26TH DEC 2011 TO 30TH DEC 2011
LAST WEEK INDIAN STOCK MARKET ENDED HIGHER AFTER TOUCHING THE 28-MONTHS LOW INDICES. THE WEAKNESS IN THE STOCKS PERSIST AS MANY OF THEM ARE NOW TRADING BELOW THE LOWS OF 2008 FALL(27TH OCTOBER 2008). THIS SHOWS THE PESSIMISM IN THE MARKET SENTIMENT AND GLOBAL RISK AVERSION. HOWEVER THE RECENT FOOD INFLATION DATA SHOW THE EASING VERY SHARPLY HAS ARRESTED THE FALL. IT ALSO SIGNALS THAT OVERALL INFLATION MAY ALSO EASE HENCE THE INTEREST RATE MAY REMAIN AS IT IS, AT LEAST THERE WILL BE NO HIKE. THE CENTRAL GOVERNMENT INTRODUCED MUCH ANTICIPATED FOOD SECURITY BILL IN PARLIAMENT, WHICH GIVES LEGAL ENTITLEMENT OF CHEAPER FOOD GRAINS TO 63.5% POPULATION. ONCE THIS LAW GETS IMPLEMENTED THE FOOD SUBSIDY BILL IS EXPECTED TO RISE BY Rs.27663 CRORES TO Rs. 95000 CRORES. SENSEX ENDED AT 15738.70 AND NIFTY AT 4714. IN THE GLOBAL MARKETS, EVEN IF HIGHER, NO MAJOR CUES CAME THAT COULD LEAD A DIRECTION HERE.
GOING FORWARD INDIAN MARKETS ARE LIKELY TO REMAIN VOLATILE. THE WINTER SESSION OF THE PARLIAMENT IS NOW EXTENDED TO 29TH DECEMBER TO DISCUSS THE LOKPAL BILL ALONG WITH WHISTLEBLOWER BILL & JUDICIAL ACCOUNTABILITY BILL. AS THIS IS A SETTLEMENT WEEK AGAIN HIGH VOLATILITY IS EXPECTED. RUPEES VALUE IN TERMS OF DOLLAR MAY REMAIN WEAK AROUND Rs.50/$ TO Rs.54/$ TILL MARCH 2012.
OPTION DATA SHOW THAT EXPIRY OF THE MARKET COULD BE AROUND 4600.
AS THE DOLLAR VALUE MAY REMAIN HIGH I.T FIRMS SHOULD BE IN THE PROFITABLE POSITION , WHICH SHALL RESULT IN BUYING IN THE I.T STOCKS ON EVERY FALL AND LOWER LEVELS.
BUYING WILL ALSO BE SEEN IN BANKING, REALITY AND AUTO SECTORS, WHERE THE LOWERING INFLATION AND PEAKING OUT OF INTEREST RATE COULD BE THE MAIN REASON BEHIND IT.
(NOTE: EASING OF FOOD INFLATION GIVES CLEAR SIGNAL THAT RBI MAY START CUTTING THE INTEREST RATE MUCH EARLIER THAN EXPECTED, KEEP THIS IN MIND...........)
APART FROM THIS THE MOST IMPORTANT THING IS THAT YEAR END BUYING MAY ALSO BE SEEN IN EXPECTATION OF ALLOCATION BY GLOBAL FUNDS FOR CY12 AS MOST OF THE NEGATIVES ARE AT THEIR AND FUNDAMENTALS AT BOTTOMS, WHICH MAY REVERSE GIVING HOPES OF ECONOMIC AND CORPORATE RECOVERY. HENCE IT IS STRONGLY RECOMMENDED THAT ONE SHOULD START BUYING NOW, IF NOT ALREADY STARTED, SO THAT ONE MAY GET THE BENEFIT OF PICKING CHEAP STOCKS. THE DOWN SIDE RISK MAY BE LIMITED..........
FUNDAMENTALLY I DON'T SEE MARKETS BELOW 13500 SENSEX AND 4200 NIFTY. IF ONE GETS THESE LEVELS ONE MUST ALLOCATE SOME HIGHER PROPORTION OF PORTFOLIO TO EQUITIES. ( SAY AROUND 40% TO 50%).
THESE DAYS MARKET IS FULL OF ALL PESSIMISTIC AND LACKLUSTER NEWS, REPORTS AND OUTLOOKS, HOWEVER REMEMBER THE LAST YEAR AND THIS YEAR JULY WHEN I SEVERAL TIME HINTED THE BAD PLANETARY CONFIGURATION TO MAKE THE BOTTOMS OF THE MARKETS IN OCTOBER 2011 & DECEMBER 2011. ON THE BROADER PERSPECTIVE I MAINTAIN MY VIEW WITH SOME MODIFICATION. -----------THIS MAY BE THE LAST OPPORTUNITY TO ENTER IN THE MARKET ( AROUND 4550-4200-4000) AS NO ONE WILL BE ABLE TO CATCH THE BOTTOM. IF YOU ARE THINKING ABOUT NIFTY BELOW 4000 TO 3800-3600 THAT MAY BE VERY VERY REMOTE AS FUNDAMENTALS DON'T SUGGEST THAT KIND OF DETERIORATION UNLESS & UNTIL THERE IS SOME THING VERY CATASTROPHIC GLOBALLY.
WHAT YOU SHOULD DO??????????
READ MY NEW YEAR POSTING NEXT WEEK, DON'T MISS..........IT!!!!!!!!!
ASTRO-TECHNICALLY: USING THE ARTHENDUKALANAM CHAKRA( MOON'S DIVISIONAL CHART) SUGGEST THE FOLLOWING IMPORTANT LEVELS( WHICH ARE ROUNDED TO THE NEAREST TENS):
AFTER MAKING YEAR LOW OF 4531.15 ON 20TH DEC 2011, NIFTY HAS GIVEN A STRONG PULL BACK RALLY OF ALMOST 5% IN THE LAST THREE CONSECUTIVE SESSIONS. NOW IT IS EXPECTED THAT THE RALLY COULD CONTINUE TO 4825 AND THEN 4920. HOWEVER BREACH OF 4530 ON THE DOWN SIDE WOULD INDICATES THE END OF THE CURRENT BOUNCE BACK RALLY( or infact a real Rally)
AND NIFTY MAY GO FURTHER DOWN TO TAKE SUPPORT AROUND 4400-4350.
FOR THE COMING WEEK: THE STRATEGY TO AVOID TRADING IN A RANGE(4650-4770) SHOULD BE FOLLOWED STRICTLY, ELSE YOU MAY LOOSE MONEY.
THE RESISTANCE FOR NIFTY IS 4770 AND SUPPORT AT 4650.
BUY CALL OPTIONS (CE4700 & CE4800): FOR DECEMBER SERIES WHEN NIFTY BREAK OUT 4770, KEEPING STOP-LOSS OF 4650, FOR THE TARGET OF 4830-4930.
BUY PUT OPTIONS(PE4600 & PE4500):
FOR DECEMBER SERIES WHEN NIFTY BREAK DOWN 4650, FOR THE TARGET OF 4610-4520.
ASTROLOGICALLY: PLANETARY CONFIGURATION SHOW THE LACKLUSTER MARKET IN THIS WEEK. THERE IS NO SPECIAL ASPECT THAT SHOULD TRIGGER UNIDIRECTIONAL MOVES.
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 INDIAN MARKETS ARE LIKELY TO REMAIN VOLATILE. THE WINTER SESSION OF THE PARLIAMENT IS NOW EXTENDED TO 29TH DECEMBER TO DISCUSS THE LOKPAL BILL ALONG WITH WHISTLEBLOWER BILL & JUDICIAL ACCOUNTABILITY BILL. AS THIS IS A SETTLEMENT WEEK AGAIN HIGH VOLATILITY IS EXPECTED. RUPEES VALUE IN TERMS OF DOLLAR MAY REMAIN WEAK AROUND Rs.50/$ TO Rs.54/$ TILL MARCH 2012.
OPTION DATA SHOW THAT EXPIRY OF THE MARKET COULD BE AROUND 4600.
AS THE DOLLAR VALUE MAY REMAIN HIGH I.T FIRMS SHOULD BE IN THE PROFITABLE POSITION , WHICH SHALL RESULT IN BUYING IN THE I.T STOCKS ON EVERY FALL AND LOWER LEVELS.
BUYING WILL ALSO BE SEEN IN BANKING, REALITY AND AUTO SECTORS, WHERE THE LOWERING INFLATION AND PEAKING OUT OF INTEREST RATE COULD BE THE MAIN REASON BEHIND IT.
(NOTE: EASING OF FOOD INFLATION GIVES CLEAR SIGNAL THAT RBI MAY START CUTTING THE INTEREST RATE MUCH EARLIER THAN EXPECTED, KEEP THIS IN MIND...........)
APART FROM THIS THE MOST IMPORTANT THING IS THAT YEAR END BUYING MAY ALSO BE SEEN IN EXPECTATION OF ALLOCATION BY GLOBAL FUNDS FOR CY12 AS MOST OF THE NEGATIVES ARE AT THEIR AND FUNDAMENTALS AT BOTTOMS, WHICH MAY REVERSE GIVING HOPES OF ECONOMIC AND CORPORATE RECOVERY. HENCE IT IS STRONGLY RECOMMENDED THAT ONE SHOULD START BUYING NOW, IF NOT ALREADY STARTED, SO THAT ONE MAY GET THE BENEFIT OF PICKING CHEAP STOCKS. THE DOWN SIDE RISK MAY BE LIMITED..........
FUNDAMENTALLY I DON'T SEE MARKETS BELOW 13500 SENSEX AND 4200 NIFTY. IF ONE GETS THESE LEVELS ONE MUST ALLOCATE SOME HIGHER PROPORTION OF PORTFOLIO TO EQUITIES. ( SAY AROUND 40% TO 50%).
THESE DAYS MARKET IS FULL OF ALL PESSIMISTIC AND LACKLUSTER NEWS, REPORTS AND OUTLOOKS, HOWEVER REMEMBER THE LAST YEAR AND THIS YEAR JULY WHEN I SEVERAL TIME HINTED THE BAD PLANETARY CONFIGURATION TO MAKE THE BOTTOMS OF THE MARKETS IN OCTOBER 2011 & DECEMBER 2011. ON THE BROADER PERSPECTIVE I MAINTAIN MY VIEW WITH SOME MODIFICATION. -----------THIS MAY BE THE LAST OPPORTUNITY TO ENTER IN THE MARKET ( AROUND 4550-4200-4000) AS NO ONE WILL BE ABLE TO CATCH THE BOTTOM. IF YOU ARE THINKING ABOUT NIFTY BELOW 4000 TO 3800-3600 THAT MAY BE VERY VERY REMOTE AS FUNDAMENTALS DON'T SUGGEST THAT KIND OF DETERIORATION UNLESS & UNTIL THERE IS SOME THING VERY CATASTROPHIC GLOBALLY.
WHAT YOU SHOULD DO??????????
READ MY NEW YEAR POSTING NEXT WEEK, DON'T MISS..........IT!!!!!!!!!
ASTRO-TECHNICALLY: USING THE ARTHENDUKALANAM CHAKRA( MOON'S DIVISIONAL CHART) SUGGEST THE FOLLOWING IMPORTANT LEVELS( WHICH ARE ROUNDED TO THE NEAREST TENS):
AFTER MAKING YEAR LOW OF 4531.15 ON 20TH DEC 2011, NIFTY HAS GIVEN A STRONG PULL BACK RALLY OF ALMOST 5% IN THE LAST THREE CONSECUTIVE SESSIONS. NOW IT IS EXPECTED THAT THE RALLY COULD CONTINUE TO 4825 AND THEN 4920. HOWEVER BREACH OF 4530 ON THE DOWN SIDE WOULD INDICATES THE END OF THE CURRENT BOUNCE BACK RALLY( or infact a real Rally)
AND NIFTY MAY GO FURTHER DOWN TO TAKE SUPPORT AROUND 4400-4350.
FOR THE COMING WEEK: THE STRATEGY TO AVOID TRADING IN A RANGE(4650-4770) SHOULD BE FOLLOWED STRICTLY, ELSE YOU MAY LOOSE MONEY.
THE RESISTANCE FOR NIFTY IS 4770 AND SUPPORT AT 4650.
BUY CALL OPTIONS (CE4700 & CE4800): FOR DECEMBER SERIES WHEN NIFTY BREAK OUT 4770, KEEPING STOP-LOSS OF 4650, FOR THE TARGET OF 4830-4930.
BUY PUT OPTIONS(PE4600 & PE4500):
FOR DECEMBER SERIES WHEN NIFTY BREAK DOWN 4650, FOR THE TARGET OF 4610-4520.
ASTROLOGICALLY: PLANETARY CONFIGURATION SHOW THE LACKLUSTER MARKET IN THIS WEEK. THERE IS NO SPECIAL ASPECT THAT SHOULD TRIGGER UNIDIRECTIONAL MOVES.
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.
Monday, December 19, 2011
BROAD MARKET OUTLOOK & MARKET VIEW FOR THE WEEK 19TH DECEMBER 2011 TO 23RD DECEMBER 2011
AS ALREADY MENTIONED EARLIER SEVERAL TIMES THAT THE INDIAN MARKETS ARE SET UNDER PERFORM IN OCTOBER & DECEMBER 2011, ITS EXACTLY WHAT HAS BEEN HAPPENING, STOCK MARKET IS VOLATILE, WEAK AND FULL OF PESSIMISM & INTEREST. SEVERAL POLITICAL ISSUES, DEFERMENT OF FDI IN MULTI-BRAND RETAIL, DISMAL OCTOBER IIP DATA, DECLINING VALUE OF RUPEE MAKING THE ECB FINANCED PROJECTS COSTLIER AND NO STRONG SIGNS OF COOLING INFLATION IN NEAR TERM HAS MADE THE INVESTORS TURN IN COLD SENTIMENT. EVEN THOUGH THE DOMESTIC SITUATION REMAINS DAMPENER, THE GLOBAL SITUATION TOO IS VERY VULNERABLE AND UNCERTAIN. THE U.S INDUSTRIAL PRODUCTION DROPPED IN NOVEMBER 2011 FOR THE FIRST TIME IN SEVEN MONTHS. FITCH RATINGS CHANGED FRANCE'S OUTLOOK TO NEGATIVE AND ALSO WARNED SEVERAL OTHER COUNTRIES OF POTENTIAL DOWNGRADES AHEAD. ON THE LIST FOR REVIEW WERE ITALY, SPAIN, IRELAND, CYPRUS, SLOVENIA AND BELGIUM. US STOCKS SLUMPED LAST WEEK AFTER THE FEDERAL RESERVE TOOK NO NEW STEPS TO BOOST GROWTH AT A MEETING ON DECEMBER 13TH, FAILING TO MEET SOME INVESTORS' EXPECTATIONS FOR FURTHER STIMULUS. THIS ALSO RESULTED IN THE FALL IN COMMODITIES AND PRECIOUS METAL PRICES LIKE GOLD AND SILVER.
GOING FORWARD, INDIAN MARKETS ARE LIKELY TO BE VOLATILE AND DIRECTIONLESS AS OPPOSITION DEMANDS RESIGNATION OF Mr. P.CHIDAMBRAM AND Mr. ANNA HAZARE'S STANCE OVER LOKPAL BILL MAY BE CLOSELY WATCHED BY INVESTORS. IN NUTSHELL MARKET MOVEMENT MAY BE MORE DRIVEN BY DOMESTIC NEWS FLOW ESPECIALLY POLITICAL RATHER THAN GLOBAL, IN THIS WEEK. AS RBI HAS CLEARLY INDICATED THAT RATE CUT MAY ONLY HAPPEN IF THE SLOWDOWN ACCELERATES, HENCE THE RATE REVERSAL MAY BE SEEN SOONER THAN EXPECTED. MEANWHILE THE DOLLAR RATE MAY RANGE BETWEEN Rs.50-Rs.54, WHICH SHALL BE GOOD FOR I.T COMPANIES AND EXPORTERS BUT POOR FOR RAW MATERIAL IMPORTING COMPANIES AND THOSE COMPANIES WHO HAVE FINANCED THE PROJECTS THROUGH ECB ROUTE.
FUNDAMENTALLY INDIAN STORY OF GROWTH AND PROSPERITY REMAINS INTACT.HOWEVER WE MAY SEE SOME MORE PAIN GOING FORWARD. TWO MONTHS BACK WHEN I WAS WRITING ABOUT THE POTENTIAL THREATS TO THE MARKET IN DECEMBER, THERE WERE MANY DOUBTS AND COMMENTS BY MANY VIEWERS AND READERS, HOW & WHY COULD MARKETS GO SO MUCH DOWN??? BUT NOW THINGS HAVE BEEN GOING ACCORDINGLY, NOW MARKETS ARE SET GO LOWER FROM HERE. GLOBAL AND DOMESTIC FACTORS ARE WORSENING DAY BY DAY...
SO WHAT YOU SHOULD DO NOW??? STOP WATCHING THE RATES OR START BUYING????
AND THE ANSWER IS SIMPLE..... KEEP ON STAGGERED BUYING GRADUALLY. HAVE SELECTIVE STOCKS LIST, WHICH I KEEP ON MENTIONING FROM TIME TO TIME. NEXT 200-300 FALL IN NIFTY SHOULD BE USED TO BUY MORE AND MORE.... NIFTY AROUND 4000-4200 ZONE SHALL DEFINITELY SEE STRONG SUPPORT AND BUYING INTEREST. BUY LARGE CAP STOCKS AROUND THESE LEVELS AND WAIT FOR BUYING IN MID-CAPS, AS THEY MAY TAKE MORE LONG TIME TO RECOVER THAN THE LARGE CAPS. BANKING STOCKS LIKE SBI, ICICI, HDFC, ING, KOTAK, AXIS MAY BE THE BEST IN THE SECTOR. BUYING COULD ALSO BE INITIATED IN SELECT REALITY AND AUTO STOCKS ALSO.
ANY GLOBAL SHOCK, WHICH SEEMS TO COME ANY TIME MAY BE BEST TO BUY THE NIFTY BEES AND LARGE CAP STOCKS. REMEMBER THE LEVELS 4300-4350 SHALL SEE SOME SUPPORT, WHICH MAY BE GOOD TO START FOR SHORT TERM BUYING AND KEEP ON ADDING IF YOU FIND NIFTY FALLING AROUND 4200-4000 ZONE.
TECHNICALLY, DAILY CHART OF NIFTY SHOWS THAT IT HAS BROKEN CRUCIAL SUPPORT OF 4700 LAST WEEK AND NOW THE STRONG SUPPORT SHALL COME AROUND 4530-4500. IF NIFTY FAILS TO HOLD 4530 THEN 4440 SHOULD BE THE LEVEL OF EXTREME SHORT TERM. ON THE HIGHER SIDE 4920 SHALL BE THE RESISTANCE FOR THE MARKET. IF NIFTY BREAKS 4920 THEN WE MIGHT SEE 5110 ALSO.
FOR THE WEEK: NO TRADING ZONE FOR NIFTY IS 4590-4725.
BUY NIFTY CALLS (CE4700 & CE4800) IF NIFTY SUSTAINS ABOVE 4725, WITH STOP-LOSS AT 4590 FOR THE TARGET OF 4815-4920.
BUY NIFTY PUTS(PE4600 & PE4500) IF NIFTY BREAKS BELOW 4590 WITH STOP-LOSS AT 4725 FOR THE TARGET OF 4530-4440.
THE BIAS OF THE MARKET IS WEAK. HENCE YOU SHOULD KEEP EYE ON BREAKDOWN. BUY PUTS, WHEN MARKET BREAKS 4590.......
ASTROLOGICALLY: THE PLANETARY SITUATION CLEARLY INDICATES WEAKNESS IN DECEMBER, AS I HAVE MENTIONED SEVERAL TIMES IN PAST. SATURN AND JUPITER ARE THE REAL PLANETS WHICH MAY BRING FURTHER WEAKNESS IN THE MARKETS. 22ND DECEMBER WILL BE VERY VERY CRUCIAL FOR THE GLOBAL MARKETS. KEEP EYE ON US, EUROPE MARKETS AND ITS REPERCUSSION IN INDIAN MARKETS. HENCE TWO WEAK FROM NOW REMAIN VERY VERY POOR FOR THE GLOBAL MARKETS. WE MAY SEE SHARP CUTS AND MELT DOWN IN ALL..................
TIP: WAITING FOR MORE TIME SHALL DEFINITELY GIVE MUCH BETTER OPPORTUNITY THAN NOW.
SPECIAL ISSUE/POSTING: THERE WILL BE A VERY WIDE COVERAGE POSTING FOR ENTIRE YEAR 2012 ON JANUARY 1ST 2012 DO VISIT THE BLOG AND GET THE TOP STOCKS OF 2012....................
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, INDIAN MARKETS ARE LIKELY TO BE VOLATILE AND DIRECTIONLESS AS OPPOSITION DEMANDS RESIGNATION OF Mr. P.CHIDAMBRAM AND Mr. ANNA HAZARE'S STANCE OVER LOKPAL BILL MAY BE CLOSELY WATCHED BY INVESTORS. IN NUTSHELL MARKET MOVEMENT MAY BE MORE DRIVEN BY DOMESTIC NEWS FLOW ESPECIALLY POLITICAL RATHER THAN GLOBAL, IN THIS WEEK. AS RBI HAS CLEARLY INDICATED THAT RATE CUT MAY ONLY HAPPEN IF THE SLOWDOWN ACCELERATES, HENCE THE RATE REVERSAL MAY BE SEEN SOONER THAN EXPECTED. MEANWHILE THE DOLLAR RATE MAY RANGE BETWEEN Rs.50-Rs.54, WHICH SHALL BE GOOD FOR I.T COMPANIES AND EXPORTERS BUT POOR FOR RAW MATERIAL IMPORTING COMPANIES AND THOSE COMPANIES WHO HAVE FINANCED THE PROJECTS THROUGH ECB ROUTE.
FUNDAMENTALLY INDIAN STORY OF GROWTH AND PROSPERITY REMAINS INTACT.HOWEVER WE MAY SEE SOME MORE PAIN GOING FORWARD. TWO MONTHS BACK WHEN I WAS WRITING ABOUT THE POTENTIAL THREATS TO THE MARKET IN DECEMBER, THERE WERE MANY DOUBTS AND COMMENTS BY MANY VIEWERS AND READERS, HOW & WHY COULD MARKETS GO SO MUCH DOWN??? BUT NOW THINGS HAVE BEEN GOING ACCORDINGLY, NOW MARKETS ARE SET GO LOWER FROM HERE. GLOBAL AND DOMESTIC FACTORS ARE WORSENING DAY BY DAY...
SO WHAT YOU SHOULD DO NOW??? STOP WATCHING THE RATES OR START BUYING????
AND THE ANSWER IS SIMPLE..... KEEP ON STAGGERED BUYING GRADUALLY. HAVE SELECTIVE STOCKS LIST, WHICH I KEEP ON MENTIONING FROM TIME TO TIME. NEXT 200-300 FALL IN NIFTY SHOULD BE USED TO BUY MORE AND MORE.... NIFTY AROUND 4000-4200 ZONE SHALL DEFINITELY SEE STRONG SUPPORT AND BUYING INTEREST. BUY LARGE CAP STOCKS AROUND THESE LEVELS AND WAIT FOR BUYING IN MID-CAPS, AS THEY MAY TAKE MORE LONG TIME TO RECOVER THAN THE LARGE CAPS. BANKING STOCKS LIKE SBI, ICICI, HDFC, ING, KOTAK, AXIS MAY BE THE BEST IN THE SECTOR. BUYING COULD ALSO BE INITIATED IN SELECT REALITY AND AUTO STOCKS ALSO.
ANY GLOBAL SHOCK, WHICH SEEMS TO COME ANY TIME MAY BE BEST TO BUY THE NIFTY BEES AND LARGE CAP STOCKS. REMEMBER THE LEVELS 4300-4350 SHALL SEE SOME SUPPORT, WHICH MAY BE GOOD TO START FOR SHORT TERM BUYING AND KEEP ON ADDING IF YOU FIND NIFTY FALLING AROUND 4200-4000 ZONE.
TECHNICALLY, DAILY CHART OF NIFTY SHOWS THAT IT HAS BROKEN CRUCIAL SUPPORT OF 4700 LAST WEEK AND NOW THE STRONG SUPPORT SHALL COME AROUND 4530-4500. IF NIFTY FAILS TO HOLD 4530 THEN 4440 SHOULD BE THE LEVEL OF EXTREME SHORT TERM. ON THE HIGHER SIDE 4920 SHALL BE THE RESISTANCE FOR THE MARKET. IF NIFTY BREAKS 4920 THEN WE MIGHT SEE 5110 ALSO.
FOR THE WEEK: NO TRADING ZONE FOR NIFTY IS 4590-4725.
BUY NIFTY CALLS (CE4700 & CE4800) IF NIFTY SUSTAINS ABOVE 4725, WITH STOP-LOSS AT 4590 FOR THE TARGET OF 4815-4920.
BUY NIFTY PUTS(PE4600 & PE4500) IF NIFTY BREAKS BELOW 4590 WITH STOP-LOSS AT 4725 FOR THE TARGET OF 4530-4440.
THE BIAS OF THE MARKET IS WEAK. HENCE YOU SHOULD KEEP EYE ON BREAKDOWN. BUY PUTS, WHEN MARKET BREAKS 4590.......
ASTROLOGICALLY: THE PLANETARY SITUATION CLEARLY INDICATES WEAKNESS IN DECEMBER, AS I HAVE MENTIONED SEVERAL TIMES IN PAST. SATURN AND JUPITER ARE THE REAL PLANETS WHICH MAY BRING FURTHER WEAKNESS IN THE MARKETS. 22ND DECEMBER WILL BE VERY VERY CRUCIAL FOR THE GLOBAL MARKETS. KEEP EYE ON US, EUROPE MARKETS AND ITS REPERCUSSION IN INDIAN MARKETS. HENCE TWO WEAK FROM NOW REMAIN VERY VERY POOR FOR THE GLOBAL MARKETS. WE MAY SEE SHARP CUTS AND MELT DOWN IN ALL..................
TIP: WAITING FOR MORE TIME SHALL DEFINITELY GIVE MUCH BETTER OPPORTUNITY THAN NOW.
SPECIAL ISSUE/POSTING: THERE WILL BE A VERY WIDE COVERAGE POSTING FOR ENTIRE YEAR 2012 ON JANUARY 1ST 2012 DO VISIT THE BLOG AND GET THE TOP STOCKS OF 2012....................
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.
Monday, December 5, 2011
MARKET VIEW FOR THE WEEK 5TH DEC 2011 TO 9TH DEC 2011
AFTER ALMOST A MONTH LONG FALL INDICES GAINED AROUND 7% LAST WEEK. STRONG GLOBAL CUES AND BELIEF THAT RBI(in its meet on 16th December 2011) MAY PAUSE ITS AGGRESSIVE MONETARY POLICY STANCE IN SLOWING GROWTH AND MODERATING FOOD INFLATION BROUGHT LITTLE SUPPORT IN THE MARKET. THE GOVERNMENT'S INTENT ON POLICY REFORM IS CLEAR BY ITS STAND ON FDI IN MULTIBRAND RETAIL WHICH ACTED AS SUPPORT FOR THE MARKET. GLOBALLY EFFORT BY US FEDERAL RESERVE, ECB, BoE, & CENTRAL BANKS OF JAPAN, CANADA & SWITZERLAND TO INCREASE LIQUIDITY IN THE BANKING SYSTEM MEET THE DEBT CRISIS BOOSTED THE SENTIMENTS ACROSS THE WORLD MARKETS WHICH MADE THE PAUSE IN SLIDING INDIAN MARKETS.
GOING FORWARD INDIAN MARKETS MAY REMAIN VOLATILE AS USUAL WITH A STRONG SUPPORT COMING IN AROUND THE RECENT LOWS WHERE THE BUYING COULD COME ON EXPECTATION OF THE POLICY REFORMS AND GLOBAL MEASURES TO RESCUE THE EUROPEAN GLOBAL CRISIS. THE DEAD-LOCK IN PARLIAMENT OVER FDI AND SEVERAL OTHER ISSUES REMAINS TO HAUNT THE MARKET PARTICIPANTS. MARKET WILL CLOSELY WATCH THE DEVELOPMENT IN PARLIAMENT SESSION. GLOBALLY THE MAIN FOCUS WILL BE ON THE EUROPEAN SUMMIT SCHEDULED TO BE ON 8TH & 9TH DECEMBER 2011. MANY OTHER IMPORTANT MEETINGS BEFORE THIS MAY KEEP THE MARKETS VOLATILE.
NEAR TERM RANGE FOR THE SENSEX MAY BE AROUND 16400-17700 & NIFTY IN THE RANGE OF 4850-5230. STOCK SPECIFIC & BUY ON DIPS MAY BE THE BEST STRATEGY.
AFTER MAKING A LOW OF 4639.10 ON 24TH NOV, NIFTY HAS GIVEN A STRONG PULL BACK RALLY OF ALMOST 9% (411 POINTS) IN LAST SEVEN TRADING SESSIONS. NOW THE RANGE FOR THE NIFTY SHALL BE 5230 & 4850 IN THE SHORT TERM. IF NIFTY MANAGES TO REMAIN ABOVE 5230 THEN IT MIGHT CARRY IT TO 5400 IN THE EXTREME SHORT TERM HOWEVER BREACH OF 4850 SHALL FORCE NIFTY TO FALL TO THE LEVELS OF 4650.
FOR THE WEEK SUPPORT FOR THE NIFTY SHALL BE 4970 AND RESISTANCE AT 5110. HENCE THE RANGE 4970-5110 SHALL BE THE NO TRADING ZONE FOR NIFTY PLAYERS.
BUY NIFTY/NIFTY CALLS (CE5100 & CE5200) IF NIFTY SURVIVES ABOVE 5110, KEEPING 4970 AS CLOSING STOP-LOSS, FOR THE TARGET OF 5180-5230.
SELL NIFTY/ BUY NIFTY PUTS (PE5000 & PE4900) IF NIFTY BREAKS BELOW 4970, KEEPING 5110 AS CLOSING STOP-LOSS, FOR THE TARGET OF 4900-4850.
CHANCES ARE MORE THAT NIFTY WILL BREAK UP SIDE THIS WEEK.
FOLLOWING STOCKS SHOULD BE WATCHED/BOUGHT/ACCUMULATED IN DELIVERY:
1. TATA GLOBAL(91.40): BUY THIS STOCK IN DELIVERY FOR A SHORT TERM (1 TO 2 MONTHS) HOLDING. COMPANY MAY COME UP WITH A NEWS VERY SOON. MY TARGET IS 110+++
2. TTK PRESTIGE(2707.85):BUY THIS STOCK IN DELIVERY FOR A SHORT TERM (1 TO 2 MONTHS) HOLDING. COMPANY MAY COME UP WITH A NEWS (ANY TIME AROUND 25TH-29TH DECEMBER)VERY SOON. MY TARGET IS 3100+++.( HOLD FOR LONG TERM TARGET OF 4000-4500++).
3. TIMKEN(195.15): BUY THIS STOCK IN DELIVERY FOR A SHORT TERM (1 TO 2 MONTHS) HOLDING. AWELL KNOW INVESTOR AND TRADER HAS MADE ENTRY, WHICH MAY BE OPEN. MY TARGET IS 250-280+++.
4. ARVIND(84.90): BUY THIS STOCK IN DELIVERY FOR A SHORT TERM (1 TO 2 MONTHS) HOLDING. MY TARGET IS 110+++
5. CANFIN HOMES(94.00):BUY THIS STOCK IN DELIVERY FOR A SHORT TERM (1 TO 2 MONTHS) HOLDING. COMPANY MAY COME UP WITH A NEWS VERY SOON. MY TARGET IS 110-120+++(SOME OPERATOR GAME COULD BE SEEN).
6. PETRONET LNG(164.55):BUY THIS STOCK IN DELIVERY FOR A SHORT TERM (1 TO 2 MONTHS) HOLDING. COMPANY MAY COME UP WITH A NEWS VERY SOON. MY TARGET IS 180-200+++
7. ARCHIES(33.15):BUY THIS STOCK IN DELIVERY FOR A SHORT TERM (1 TO 2 MONTHS) HOLDING. MY TARGET IS 50+++(SOME OPERATOR GAME COULD BE SEEN).
ASTROLOGICALLY: 5TH DECEMBER, 12TH DECEMBER AND 22ND DECEMBER ARE THE KEY DATES TO WATCH FOR GLOBAL MARKETS, US MARKETS AND INDIAN MARKETS. THESE DAYS HAVE VERY CONCENTRATED ASHTAK-VARGA MOON AND JUPITER DISPOSITION. SUN AND MARS MAY GET VEDHA IN "ARTHENDU-KALANAM CHAKRA", WHICH MAY GIVE HUGE-HUGE VOLATILITY. UNCERTAIN MOVES AND SOME NEW DEVELOPMENTS IN CAPITAL MARKET MAY TAKE PLACE VERY SOON.
BEST STRATEGY SHALL BE STOCK SPECIFIC APPROACH IN THE ABOVE STOCKS AND NIFTY OPTIONS.
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 INDIAN MARKETS MAY REMAIN VOLATILE AS USUAL WITH A STRONG SUPPORT COMING IN AROUND THE RECENT LOWS WHERE THE BUYING COULD COME ON EXPECTATION OF THE POLICY REFORMS AND GLOBAL MEASURES TO RESCUE THE EUROPEAN GLOBAL CRISIS. THE DEAD-LOCK IN PARLIAMENT OVER FDI AND SEVERAL OTHER ISSUES REMAINS TO HAUNT THE MARKET PARTICIPANTS. MARKET WILL CLOSELY WATCH THE DEVELOPMENT IN PARLIAMENT SESSION. GLOBALLY THE MAIN FOCUS WILL BE ON THE EUROPEAN SUMMIT SCHEDULED TO BE ON 8TH & 9TH DECEMBER 2011. MANY OTHER IMPORTANT MEETINGS BEFORE THIS MAY KEEP THE MARKETS VOLATILE.
NEAR TERM RANGE FOR THE SENSEX MAY BE AROUND 16400-17700 & NIFTY IN THE RANGE OF 4850-5230. STOCK SPECIFIC & BUY ON DIPS MAY BE THE BEST STRATEGY.
AFTER MAKING A LOW OF 4639.10 ON 24TH NOV, NIFTY HAS GIVEN A STRONG PULL BACK RALLY OF ALMOST 9% (411 POINTS) IN LAST SEVEN TRADING SESSIONS. NOW THE RANGE FOR THE NIFTY SHALL BE 5230 & 4850 IN THE SHORT TERM. IF NIFTY MANAGES TO REMAIN ABOVE 5230 THEN IT MIGHT CARRY IT TO 5400 IN THE EXTREME SHORT TERM HOWEVER BREACH OF 4850 SHALL FORCE NIFTY TO FALL TO THE LEVELS OF 4650.
FOR THE WEEK SUPPORT FOR THE NIFTY SHALL BE 4970 AND RESISTANCE AT 5110. HENCE THE RANGE 4970-5110 SHALL BE THE NO TRADING ZONE FOR NIFTY PLAYERS.
BUY NIFTY/NIFTY CALLS (CE5100 & CE5200) IF NIFTY SURVIVES ABOVE 5110, KEEPING 4970 AS CLOSING STOP-LOSS, FOR THE TARGET OF 5180-5230.
SELL NIFTY/ BUY NIFTY PUTS (PE5000 & PE4900) IF NIFTY BREAKS BELOW 4970, KEEPING 5110 AS CLOSING STOP-LOSS, FOR THE TARGET OF 4900-4850.
CHANCES ARE MORE THAT NIFTY WILL BREAK UP SIDE THIS WEEK.
FOLLOWING STOCKS SHOULD BE WATCHED/BOUGHT/ACCUMULATED IN DELIVERY:
1. TATA GLOBAL(91.40): BUY THIS STOCK IN DELIVERY FOR A SHORT TERM (1 TO 2 MONTHS) HOLDING. COMPANY MAY COME UP WITH A NEWS VERY SOON. MY TARGET IS 110+++
2. TTK PRESTIGE(2707.85):BUY THIS STOCK IN DELIVERY FOR A SHORT TERM (1 TO 2 MONTHS) HOLDING. COMPANY MAY COME UP WITH A NEWS (ANY TIME AROUND 25TH-29TH DECEMBER)VERY SOON. MY TARGET IS 3100+++.( HOLD FOR LONG TERM TARGET OF 4000-4500++).
3. TIMKEN(195.15): BUY THIS STOCK IN DELIVERY FOR A SHORT TERM (1 TO 2 MONTHS) HOLDING. AWELL KNOW INVESTOR AND TRADER HAS MADE ENTRY, WHICH MAY BE OPEN. MY TARGET IS 250-280+++.
4. ARVIND(84.90): BUY THIS STOCK IN DELIVERY FOR A SHORT TERM (1 TO 2 MONTHS) HOLDING. MY TARGET IS 110+++
5. CANFIN HOMES(94.00):BUY THIS STOCK IN DELIVERY FOR A SHORT TERM (1 TO 2 MONTHS) HOLDING. COMPANY MAY COME UP WITH A NEWS VERY SOON. MY TARGET IS 110-120+++(SOME OPERATOR GAME COULD BE SEEN).
6. PETRONET LNG(164.55):BUY THIS STOCK IN DELIVERY FOR A SHORT TERM (1 TO 2 MONTHS) HOLDING. COMPANY MAY COME UP WITH A NEWS VERY SOON. MY TARGET IS 180-200+++
7. ARCHIES(33.15):BUY THIS STOCK IN DELIVERY FOR A SHORT TERM (1 TO 2 MONTHS) HOLDING. MY TARGET IS 50+++(SOME OPERATOR GAME COULD BE SEEN).
ASTROLOGICALLY: 5TH DECEMBER, 12TH DECEMBER AND 22ND DECEMBER ARE THE KEY DATES TO WATCH FOR GLOBAL MARKETS, US MARKETS AND INDIAN MARKETS. THESE DAYS HAVE VERY CONCENTRATED ASHTAK-VARGA MOON AND JUPITER DISPOSITION. SUN AND MARS MAY GET VEDHA IN "ARTHENDU-KALANAM CHAKRA", WHICH MAY GIVE HUGE-HUGE VOLATILITY. UNCERTAIN MOVES AND SOME NEW DEVELOPMENTS IN CAPITAL MARKET MAY TAKE PLACE VERY SOON.
BEST STRATEGY SHALL BE STOCK SPECIFIC APPROACH IN THE ABOVE STOCKS AND NIFTY OPTIONS.
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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