AS I HAVE MENTIONED IN MY EARLIER POST, THAT MARKET SET TO RISE TILL 4950-5050 AND BUYING OF CALL OPTIONS AND TRADABLE STOCKS SHALL BE PROFITABLE, IT HAS HAPPENED IN EXACTLY THE SAME MANNER. INDIAN STOCK MARKET ENDED ON A HIGHER NOTE ON HEAVY BUYING BY FIIs, EASING WORRIES ABOUT EUROPEAN ECONOMY AND SOME BOUYANT RESULTS FROM COMPNIES LIFTED THE MARKETS.
TAKING CUES FROM GLOBAL FRONT INDIAN MARKETS ROSE AND SENSEX ENDED AT 16739.01 AND NIFTY AT 5048.60.
ECONOMISTS BELIEVE THAT FOOD INFLATION IN INDIA WILL KEEP RISING DUE TO TROUBLED SUPPLY JAMS, AS DEMAND WILL KEEP ON RISING GRADUALLY AND NOTHING HAS BEEN DONE ON THE POLICY FRONT TO MATCH THE SUPPLIES ACCORDINGLY, HENCE FOOD INFLATION AND OVERALL INFLATION MAY REMAIN HIGH, UNTIL ANY THING CONCRETE IS DONE BY GOVERNMENT ON POLICY FRONT. RBI CREDIT POLICY MEET MAY JUST TO REVIEW ITS STANCE ON INFLATION. NEITHER ANY RATE CUT IS EXPECTED NOR DIVERSION OF FOCUS FROM INFLATION TO GROWTH. THE ANALYSTS MAY MINUTELY WATCH THE LANGUAGE OF RBI, WHICH WILL BE VERY IMPORTANT CUE FOR THE MARKETS GOING FORWARD. IF THE HAWKISH STANCE IS MAINTAINED FOCUSING INFLATION AND GROWTH IS NOT GIVEN ANY HEED THEN MARKETS MAY GET THE SETBACK, HOWEVER ANY GUIDANCE TO CUT RATES SOONER MAY DEFINITELY DELIVER THE "FEEL GOOD FACTOR" RESULTING IN HIGHER MOVES IN DAYS TO COME. HOWEVER IT IS EXPECTED THAT RBI POLICY REVIEW MAY NOT BE REMARKABLE EVENT TO FURTHER MARKET RISE. JUST WATCH AND PASS-ON.............
INDIAN MARKETS ARE LIKELY TO BE VOLATILE IN THIS WEEK AND MOVEMENT OF STOCKS WILL BE MAINLY DRIVEN BY CORPORATE RESULTS. DISAPPOINTING RESULTS AND BUY BACK OF SHARES BY RELIANCE INDUSTRIES WILL DEFINITELY AFFECT THE MARKETS ON MONDAY. I NOW SUGGEST TO BOOK PROFIT/SELL ON THE RELIANCE SHARES, WHICH IS SUGGESTED TO BUY LAST WEEK.
GOING FORWARD ANY CUT OR CORRECTION IN THE INDIAN MARKET SHOULD BE USED TO ENTER THE GOOD QUALITY STOCKS AND TRADING POSITIONS. QUALITY STOCKS SHOULD BE BOUGHT GRADUALLY IN A STAGGERED MANNER. I SHALL REGULARLY KEEP UPDATING THE LIST OF STOCKS WHICH SHOULD BE BOUGHT.
SHORT TERM TRADING RANGE FOR THE NIFTY SHALL BE 4960-5230, AS NIFTY WILL HAVE STIFF RESISTANCE AROUND 5230 LEVELS. HENCE LONG POSITIONS IF ANY SHOULD BE BOOKED AROUND 5200 LEVELS. THIS DOES NOT MEAN THAT NIFTY MAY NOT MOVE ABOVE 5200-5230 LEVELS, AND ONE CAN GO SHORT. NO DEFINITELY NOT....... NO ONE SHOULD GO SHORT JUST BOOK PROFITS AND SIT ON CASH, IF YOU HAVE BOUGHT STOCKS AT LOWER LEVELS LAST WEEK.
FOR THIS WEEK(NIFTY MOVEMENT):
THE NO TRADING RANGE FOR THE NIFTY IS 4980-5110.
BUY CE5100 & CE5200: IF NIFTY MOVES ABOVE 5110 FOR THE TARGET OF 5170-5230.
BUY PE5000 & PE4900: IF NIFTY MOVES BELOW 4980 FOR THE TARGET OF 4900-4800.
NOTE:AS THIS IS THE EXPIRY WEEK FOR THE JANUARY SERIES, THE OPTION DATA SUGGEST THAT NIFTY MAY SETTLE ANY WHERE NEAR 5200. YES NEAR 5200!!!!!!!!. HENCE SHORTING THE MARKETS ON EVERY RISE, AS MANY ANALYSTS ARE SUGGESTING MAY PROVE KILLER FOR SHORTERS AND BEARS. HOWEVER THE KEY EVENTS LIKE RBI POLICY AND GLOBAL DEVELOPMENT SHALL ALSO IMPACT. TO BE UPDATED KINDLY JOIN ON YAHOO MESSENGER ID" vikas198012003@yahoo.co.in" OR FACE BOOK ID: "Astrologer Vikas Srivastava, Allahabad".
STOCKS WHICH SHOULD BE TRADED THIS WEEK WITH HOLDING VIEW OF 45-60 DAYS:
1.IVRCL(43.80): BUY THIS SHARE IN DELIVERY FOR THE SHORT TERM TARGET OF 52++++
2.ING VYASYA BANK(315.60):BUY THIS SHARE IN DELIVERY FOR THE SHORT TERM TARGET OF 330-340-360++++
3.KIRLOSKAR OIL(139.05):BUY THIS SHARE IN DELIVERY FOR THE SHORT TERM TARGET OF 150-155++++(SOME POSITIVE NEWS FLOW IS EXPECTED SOON-MAY BE A BUY BACK)
4.BATA(586.35):BUY THIS SHARE IN DELIVERY FOR THE SHORT TERM TARGET OF 610-620++++
5.KAJARIA CERAMICS(111.35):BUY THIS SHARE IN DELIVERY FOR THE SHORT TERM TARGET OF120-125-130+++
6.TIMKEN(184.00):BUY THIS SHARE IN DELIVERY FOR THE SHORT TERM TARGET OF 230-260 (BUY BACK NEWS MAY COME ANY TIME)
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.
TAKING CUES FROM GLOBAL FRONT INDIAN MARKETS ROSE AND SENSEX ENDED AT 16739.01 AND NIFTY AT 5048.60.
ECONOMISTS BELIEVE THAT FOOD INFLATION IN INDIA WILL KEEP RISING DUE TO TROUBLED SUPPLY JAMS, AS DEMAND WILL KEEP ON RISING GRADUALLY AND NOTHING HAS BEEN DONE ON THE POLICY FRONT TO MATCH THE SUPPLIES ACCORDINGLY, HENCE FOOD INFLATION AND OVERALL INFLATION MAY REMAIN HIGH, UNTIL ANY THING CONCRETE IS DONE BY GOVERNMENT ON POLICY FRONT. RBI CREDIT POLICY MEET MAY JUST TO REVIEW ITS STANCE ON INFLATION. NEITHER ANY RATE CUT IS EXPECTED NOR DIVERSION OF FOCUS FROM INFLATION TO GROWTH. THE ANALYSTS MAY MINUTELY WATCH THE LANGUAGE OF RBI, WHICH WILL BE VERY IMPORTANT CUE FOR THE MARKETS GOING FORWARD. IF THE HAWKISH STANCE IS MAINTAINED FOCUSING INFLATION AND GROWTH IS NOT GIVEN ANY HEED THEN MARKETS MAY GET THE SETBACK, HOWEVER ANY GUIDANCE TO CUT RATES SOONER MAY DEFINITELY DELIVER THE "FEEL GOOD FACTOR" RESULTING IN HIGHER MOVES IN DAYS TO COME. HOWEVER IT IS EXPECTED THAT RBI POLICY REVIEW MAY NOT BE REMARKABLE EVENT TO FURTHER MARKET RISE. JUST WATCH AND PASS-ON.............
INDIAN MARKETS ARE LIKELY TO BE VOLATILE IN THIS WEEK AND MOVEMENT OF STOCKS WILL BE MAINLY DRIVEN BY CORPORATE RESULTS. DISAPPOINTING RESULTS AND BUY BACK OF SHARES BY RELIANCE INDUSTRIES WILL DEFINITELY AFFECT THE MARKETS ON MONDAY. I NOW SUGGEST TO BOOK PROFIT/SELL ON THE RELIANCE SHARES, WHICH IS SUGGESTED TO BUY LAST WEEK.
GOING FORWARD ANY CUT OR CORRECTION IN THE INDIAN MARKET SHOULD BE USED TO ENTER THE GOOD QUALITY STOCKS AND TRADING POSITIONS. QUALITY STOCKS SHOULD BE BOUGHT GRADUALLY IN A STAGGERED MANNER. I SHALL REGULARLY KEEP UPDATING THE LIST OF STOCKS WHICH SHOULD BE BOUGHT.
SHORT TERM TRADING RANGE FOR THE NIFTY SHALL BE 4960-5230, AS NIFTY WILL HAVE STIFF RESISTANCE AROUND 5230 LEVELS. HENCE LONG POSITIONS IF ANY SHOULD BE BOOKED AROUND 5200 LEVELS. THIS DOES NOT MEAN THAT NIFTY MAY NOT MOVE ABOVE 5200-5230 LEVELS, AND ONE CAN GO SHORT. NO DEFINITELY NOT....... NO ONE SHOULD GO SHORT JUST BOOK PROFITS AND SIT ON CASH, IF YOU HAVE BOUGHT STOCKS AT LOWER LEVELS LAST WEEK.
FOR THIS WEEK(NIFTY MOVEMENT):
THE NO TRADING RANGE FOR THE NIFTY IS 4980-5110.
BUY CE5100 & CE5200: IF NIFTY MOVES ABOVE 5110 FOR THE TARGET OF 5170-5230.
BUY PE5000 & PE4900: IF NIFTY MOVES BELOW 4980 FOR THE TARGET OF 4900-4800.
NOTE:AS THIS IS THE EXPIRY WEEK FOR THE JANUARY SERIES, THE OPTION DATA SUGGEST THAT NIFTY MAY SETTLE ANY WHERE NEAR 5200. YES NEAR 5200!!!!!!!!. HENCE SHORTING THE MARKETS ON EVERY RISE, AS MANY ANALYSTS ARE SUGGESTING MAY PROVE KILLER FOR SHORTERS AND BEARS. HOWEVER THE KEY EVENTS LIKE RBI POLICY AND GLOBAL DEVELOPMENT SHALL ALSO IMPACT. TO BE UPDATED KINDLY JOIN ON YAHOO MESSENGER ID" vikas198012003@yahoo.co.in" OR FACE BOOK ID: "Astrologer Vikas Srivastava, Allahabad".
STOCKS WHICH SHOULD BE TRADED THIS WEEK WITH HOLDING VIEW OF 45-60 DAYS:
1.IVRCL(43.80): BUY THIS SHARE IN DELIVERY FOR THE SHORT TERM TARGET OF 52++++
2.ING VYASYA BANK(315.60):BUY THIS SHARE IN DELIVERY FOR THE SHORT TERM TARGET OF 330-340-360++++
3.KIRLOSKAR OIL(139.05):BUY THIS SHARE IN DELIVERY FOR THE SHORT TERM TARGET OF 150-155++++(SOME POSITIVE NEWS FLOW IS EXPECTED SOON-MAY BE A BUY BACK)
4.BATA(586.35):BUY THIS SHARE IN DELIVERY FOR THE SHORT TERM TARGET OF 610-620++++
5.KAJARIA CERAMICS(111.35):BUY THIS SHARE IN DELIVERY FOR THE SHORT TERM TARGET OF120-125-130+++
6.TIMKEN(184.00):BUY THIS SHARE IN DELIVERY FOR THE SHORT TERM TARGET OF 230-260 (BUY BACK NEWS MAY COME ANY TIME)
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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