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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