MARKET VIEW FOR THE WEEK 27TH FEBRUARY 2012 TO 2ND MARCH 2012

AFTER THE TWO MONTHS CONTINUOUS RISE, INDIAN MARKETS SAW THE FIRST SIGN OF A PAUSE & CORRECTION TRIGGERED BY THE RISING CRUDE PRICES DUE TO IRAN'S NUCLEAR PROGRAM, WIDENING FISCAL DEFICIT OF INDIA & WORRIES OF POLITICAL UNCERTAINTIES BY THE ALLIES OF UPA GOVERNMENT AT THE CENTER. SENSEX ENDED AT 17923.57& NIFTY ENDED AT 5429.30


AS MENTIONED IN THE PREVIOUS POSTING INDIAN MARKETS MAY REMAIN VOLATILE AND CONSOLIDATE BETWEEN 5200 TO 5700 IN MARCH. AUTO & CEMENT SHARES WILL BE IN LIMELIGHT AS THE MONTHLY SALES DATA FOR FEBRUARY WILL BE AVAILABLE. M&M LOOKS GOOD FOR INVESTMENT. IN FMCG PACK HUL & ITC SHALL BE THE STOCKS TO WATCH FOR AS THERE COULD BE GOOD UPSIDE IN THESE. 


SERIES OF EVENTS:
29TH FEBRUARY-INDIA'S GDP DATA FOR Q3FY11-12;
1ST MARCH-INDIA'S EXPORT DATA FOR THE MONTH OF FEBRUARY;
6TH MARCH-OUTCOME OF STATE ELECTION RESULTS(which could have sentimental effect on the stability of Government in the Center and application of pending Policies);
14TH MARCH-RAILWAY BUDGET;
15TH MARCH-ECONOMIC SURVEY REPORT TO BE RELEASED;
15TH MARCH-MID-QUARTER REVIEW OF CREDIT POLICY BY RBI
16TH MARCH-UNION BUDGET
SHELL KEEP THE MARKETS VERY VOLATILE. THERE WILL BE UPS & DOWNS MAKING IT VERY DIFFICULT TO TRADE. MARKET WILL BE ON ROLLER-COASTER MOVE IN THIS PERIOD.TRADERS ARE ADVISED TO SIT OUT SIDE OF THE MARKETS TILL 16TH MARCH AS IT WILL BE VERY VOLATILE AND UNPREDICTABLE. BUYING OF CALLS & PUTS AND QUICKLY BOOKING PROFITS SHOULD BE  THE STRATEGY. HEAVY INVESTMENT BUYING SHOULD BE DONE ONLY AFTER BUDGET. IN THE BUDGET SESSION GOVERNMENT COULD ANNOUNCE A TIMELINE FOR ALLOWING 51% FDI IN MULTI-BRAND RETAIL. HENCE KEEP CLOSE EYES ON TRENT, PANTALOON, ETC.,


TECHNICALLY: NIFTY IS EXPECTED TO GET A STRONG SUPPORT AT 5320 LEVELS BELOW WHICH NIFTY WILL GET SLIPPED TO 5270 & 5200, ON THE HIGHER SIDE IF NIFTY MANAGES TO CLOSE ABOVE 5630 WILL MAKE NIFTY TO MOVE 5700-5750. MEDIUM TERM TREND OF THE NIFTY IS UP, WHICH WILL BE VITIATED ONLY BELOW 5200. HENCE 5200-5250-5300 IS GOOD BUYING ZONE.


IN THIS WEEK: NO TRADING ZONE FOR THE NIFTY SHALL BE 5320-5510, BREAK BELOW 5320, BUY NIFTY PUT OPTIONS(PE5300 & PE5200) FOR THE TARGET OF 5270 & 5200, KEEPING STOP-LOSS OF 5510, ELSE IF NIFTY MANAGES TO CLOSE ABOVE 5510 THEN BUY NIFTY CALL OPTIONS(CE5500 & CE5600) FOR THE TARGET OF 5560-5630, KEEPING 5320 AS THE STOP-LOSS.

ASTROLOGICALLY: MARKETS SHALL BE ON THE UP TREND TILL 29TH FEBRUARY TO TOUCH 5550-5600 ALONG WITH HUGE VOLATILE MOVES AND THEN ANY TIME IN BETWEEN 5TH-16TH MARCH CORRECTION COULD INTENSIFY. EVERY DIP TO 5200 SHALL BE THE BUYING OPPORTUNITY IN STOCKS WITH 4-6 MONTHS INVESTMENT PERSPECTIVE. MARKETS AFTER 16TH MARCH SHALL BE ON UPTREND AGAIN AFTER CONSOLIDATION BETWEEN 5200-5700 AND APRIL COULD SEE NIFTY AROUND 5900-6000!!!!!!!!


FOLLOWING STOCKS SHOULD BE CONSIDERED FOR TRADING/SHORT TERM  DELIVERY BUYING:


1. SREI-INFRA FIN(32.20): BUY FOR THE SHORT TERM TARGET OF 40+++
2. GSPL(74.50): BUY FOR THE SHORT TERM TARGET OF 81-85-90+++
3. ITC(209.45): BUY FOR THE SHORT TERM TARGET OF 215-220++++
4. THOMAS COOK(56.75): BUY FOR THE SHORT TERM TARGET OF 60-65-70+++( PLEASE BUY THIS FOR AT LEAST 45-60 DAYS PERSPECTIVE, AS A NEWS FLOW COULD MARK A SHARP RISE IN THE PRICES. DO BUY THIS.............)


Note: Now sms will be sent to only those who wish for the daily stock report in the morning. To receive the sms kindly send sms "Your Name & City" to 9335976722. No sms will be sent to those who are not the member of this blog. Hence join the blog and get the updates. Also available of Yahoo chat Id: "vikas198012003@yahoo.co.in".

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.

MARKET VIEW FOR THE WEEK 20TH FEB 2012 TO 24TH FEB 2012

LAST WEEK SENSEX AND NIFTY BOTH CROSSED 18000 & 5500 AS PREDICTED IN THE PREVIOUS POSTINGS MAKING THE SEVEN MONTHS HIGH GETTING POSITIVE GLOBAL CUES. DOMESTIC CLUES LIKE INFLATION FIGURES ALSO PLAYED POSITIVELY TO THE INDIAN STOCK MARKET.


GOING FORWARD INDIAN STOCK MARKET MAY REMAIN STRONG ON BACK OF POSITIVE GLOBAL CUES, FIIs BUYING AND LACK OF ANY TURBULENT DOMESTIC CUES. AS THE CURRENT RALLY HAS WITNESSED THE BROAD BASED PARTICIPATION OF ALMOST EVERY SECTOR LED BY BANKING, CAPITAL GOODS, POWER & REAL ESTATE IT SEEMS THAT THE RALLY MAY NOT FIZZLE OUT EASILY AND ONLY A NORMAL CORRECTION MAY TRIGGER ANY TIME, HENCE EVERY DIP WILL BE A BUYING OPPORTUNITY. SENSEX MAY HEAD TOWARDS 20000 AND NIFTY AROUND 6000. STOCKS OF FMCG SECTOR LIKE HUL AND ITC & AUTO SECTOR LIKE BAJAJ & M&M MAY BE BULLISH IN NEAR TERM. ON THE GLOBAL FRONT MARKET WILL HAVE CLOSE WATCH OVER THE DEVELOPMENTS IN GREECE AND EUROPEAN DEVELOPMENTS.
TECHNICALLY IN APPROXIMATE FIGURES, BOTH SENSEX AND NIFTY HAVE CLOSED ABOVE THE 50% (SENSEX 18100 & NIFTY 5400) RETRACEMENT OF THE ENTIRE FALL FROM SENSEX 21100 TO 15100 AND NIFTY FROM 6300 TO 4500(Figures not exact). NOW THE INDICES MAY TEST 61.8% RETRACEMENT, i.e., SENSEX 18800-50 & NIFTY 5612-50. HENCE ANY CLOSE ABOVE THESE LEVELS MAY RESULT IN A RUN WHICH COULD TEST THE PREVIOUS TOPS.
IN OPTIONS OF MARCH SERIES NIFTY HAS SEEN HIGHEST BUILD UP IN 5200 PUT AND 5700 CALL, WHICH SHOW THAT THE RANGE OF THE NIFTY SHALL BE 5200-5700 IN THE NEAR TERM. HENCE ANY DIP TOWARDS 5200 SHOULD BE THE BEST BUYING OPPORTUNITY AND ANY RUN TO AROUND 5700 SHALL BE THE BEST SELLING OPPORTUNITY IN THE SHORT TERM. SINCE NIFTY OI PUT-CALL RATIO IS 2.21 AND OTHER TECHNICAL PARAMETRS ALSO INDICATE OVER BOUGHT POSITION ANY SHORT TERM BLIP CANNOT BE RULED OUT. IN ALL CIRCUMSTANCES ANY DIP SHALL BE A BUYING OPPORTUNITY.
IN THE SHORT TERM NIFTY IS LIKELY TO MOVE IN THE RANGE OF 5700-50 AND 5400-50. IF NIFTY BREACHES THE 5400 ON THE DOWNSIDE IT MAY GO FURTHER DOWN TO 5220 & 5050 ON THE OTHER HAND IF NIFTY MANAGES TO MOVE ABOVE 5750 IT MAY SOON TOUCH 6000 ALSO. HENCE SHORTING ABOVE HIGHER LEVELS(5700-50) AND BUYING BELOW THE LOWER LEVELS(5450-5400) WILL NOT BE ADVISABLE AT ALL. ALL LONGS/BUYING FOR THE SHORT TERM SHOULD BE DONE KEEPING 5400 AS STOP-LOSS AND SHORTING SHOULD BE AVOIDED in all circumstances.


FOR THIS WEEK: THE SUPPORT FOR THE NIFTY IS 5510 AND RESISTANCE AT 5620. HENCE THE NO TRADING ZONE FOR NIFTY PLAYERS IS 5510-5620, AS TRADING IN THIS RANGE WILL BE TRADING THE VOLATILITY AND MAY RESULT IN LOSSES ONLY.  
BUY NIFTY CALLS(CE5600 & CE5700): IF NIFTY BREACHES ABOVE 5620 FOR THE TARGET OF 5670-5750, KEEPING 5510 AS STOP-LOSS.
BUY NIFTY PUTS(PE5500 & PE5400): IF NIFTY BREAKS BELOW 5510 FOR THE TARGET OF 5440-5400, KEEPING 5620 AS STOP-LOSS.
IMPORTANT: AS PER MY INFORMATION AND DISCUSSION WITH SOME PROMINENT ANALYSTS, NIFTY SETTLEMENT OF FEBRUARY SERIES MAY TAKE PLACE ABOVE 5700!!!!!!!! 99% CHANCES ARE THAT SETTLEMENT WILL TAKE PLACE ABOVE 5600!!!!!. HENCE ONE SHOULD NOT BE SHORT( Keep close watch on this)


FOLLOWING STOCK DERIVATIVES SHOULD BE IN FOCUS:


1. BUY HUL FUTURE/CE400: (MARCH SERIES) FOR THE TARGET OF 400-420-440+++(KEEP 376 AS STOP-LOSS)


2. BUY ITC FUTURE/CE210: (MARCH SERIES) FOR THE TARGET OF 212-216-220+++(KEEP 198 AS STOP-LOSS)


3. SAIL FUTURE/CE110: (MARCH SERIES) FOR THE TARGET OF 115-118-122-125+++ (KEEP 105 AS STOP-LOSS)


FOLLOWING STOCKS LOOKS GOOD FOR TRADING ACTIVITY ON DELIVERY BASIS FOR 45-60 DAYS:
1. GSPL(83.45): BUY FOR THE TARGET OF 100-105+++
2. TAJGVK(86.20): BUY FOR THE TARGET OF 100-110+++
3. LITL(22.65): BUY FOR THE TARGET OF 26-28-30+++
4. SREI INFRA FIN(33.35): BUY FOR THE TARGET OF 36-38-40+++
5. SRF(291.00): BUY FOR THE TARGET OF 300-320-330-350++++++
6. APOLLO TYRES(83.60): BUY FOR THE TARGET OF 86-90-95-100+++

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.

MARKET VIEW FOR THE WEEK 13TH FEB 2012 TO 17TH FEB 2012

LAST WEEK AFTER TOUCHING THE HIGHS  OF 17890.11 & 5427.75  SENSEX CLOSED AT 17748.69 & NIFTY AT 5381.60 RESPECTIVELY AFTER THE LESS THAN EXPECTED RISE IN IIP. THE IIP FIGURE FOR DECEMBER 2011 WAS 1.80% MUCH BELOW THE EXPECTED FIGURE OF 3%.  THE ADVANCE ESTIMATES OF INDIA'S GDP GROWTH RATE FOR THE YEAR ENDING MARCH 2012 IS EXPECTED TO GROW @6.90%, WHICH IS LESS THAN THE 7%. REACTING TO THESE FIGURES, ESTIMATES & WEEK-END THERE WAS PROFIT BOOKING & FINALLY NIFTY CLOSED BELOW 5400.


THE IMPORTANT POINT WHICH SHOULD BE MARKED IN THE MIND THAT THE REACTION TO THE PAST DATA IS TEMPORARY AND MARKETS PRICES-IN THE SAME, HOWEVER IT DOESN'T DECIDES THE FUTURE COURSE OF MARKET DIRECTION, WHICH IS AFFECTED BY THE POLICIES IN PIPELINE PROSPECTS OF GLOBAL MARKETS AND EVENTS WHICH ARE EXPECTED BY NEXT 6-8 MONTHS. HENCE THE DISMAL IIP DATA AND REDUCED GDP ESTIMATES WILL BE PRICED IN IN A DAY OR TWO , HOWEVER THE PROSPECTS OF RATE CUT ON MARCH 15TH RBI CREDIT POLICY REVIEW MEET ARE HIGHER AND HIGHER NOW. AS ALREADY MENTIONED SEVERAL TIMES,THAT THE MARKET ANTICIPATES AND PRICE-IN THE FUTURE EVENTS, DUE TO DISMAL ESTIMATES AND GROWTH RBI'S ACTION OF RATE CUT WILL BE PRICED-IN, RESULTING IN THE HIGHER MARKETS FROM HEREON. HENCE FUNDAMENTALLY ANY BLIP OR CORRECTION SHALL BE USED TO PURCHASE FOR THE MEDIUM AND LONG TERM PORTFOLIO.
GLOBAL DEVELOPMENTS ESPECIALLY ISSUES RELATING TO EUROZONE SHALL ALSO INCREASE THE VOLATILITY.


DON'T BE CONFUSED THAT THE CURRENT RUN FROM 4750-5427 IS A CORRECTIVE RALLY IN NIFTY AND WILL SOON FIZZLE-OUT AND THE BEAR MARKET WILL RE-START. MARKET IS EXPECTED TO MARCH HIGHER AND HIGHER AS AS THE INTEREST RATE CYCLE IS PEAKING OUT AND IT WILL BE CLEAR BY 15TH MARCH. ONLY A FALL BELOW 5000-4950 WILL SIGNAL THE BEAR MARKET, WHICH NOW SEAMS LITTLE DIFFICULT IN THE NORMAL SITUATION.


ANALYSTS BELIEVE THAT MARKET HAS CONSOLIDATED MUCH AFTER THE CORRECTION STARTED FROM THE HIGHS MADE IN FIRST WEEK OF NOVEMBER 2010. PREDICTED IN SEPTEMBER 2011 THAT OCTOBER & DECEMBER 2011 SHALL BE POOR & NEGATIVE MONTHS(See my August-September 2011-Postings) & THEREAFTER THE MARKETS STARTED MOVING UP ALONG WITH CONSOLIDATION AND NOW GRADUALLY WE HAVE SEEN THE LEVELS OF 5400 IN NIFTY. GOING FORWARD MARKET IS LIKELY TO MARCH NORTHWARD ALONG WITH CONSOLIDATION PRIOR TO THE STATE ASSEMBLY ELECTION RESULTS(6TH MARCH 2012), UNION BUDGET(14TH MARCH 2012) &CREDIT POLICY MEET-RBI(15TH MARCH). THE NEXT LEVEL WHERE MARKETS COULD HEAD IS 5500-5600. HENCE EVERY DIP IN THE MARKET TILL 5250-5200 IS A BUYING OPPORTUNITY AND GOING LONG. BUT ONE MUST NOTE THAT EVERY CORRECTION IN THE MARKET WILL BE A HEALTHY CONSOLIDATION WHICH WILL MAKE MARKETS TO MOVE HIGHER & HIGHER...... HENCE BUY & BUY ON DIPS. KEEP 5200 AS SHORT TERM STOP-LOSS... FOR THE TARGET OF 5600-5700.


TECHNICALLY SPEAKING THE DAILY CHART OF NIFTY IS SHOWING THAT IT HAS GIVEN A STRONG BULLISH RALLY OF ALMOST 18.2% IN JUST A MONTH TIME FRAME. NOW THE RANGE FOR THE NIFTY IS 5200-5600 IN THE SHORT TERM. IF NIFTY BREACHES 5200 THEN IT MAY GO FURTHER DOWNSIDE TO 5050-5000 LEVELS IN THE EXTREME SHORT TERM. CROSS OVER ABOVE 5600 WILL OPEN THE GATE FOR 5800. TRADERS ARE ADVISED TO GO LONG AND HOLD LONG POSITION WITH A STOP-LOSS OF 5200.


IN THIS WEEK: SUPPORT FOR THE NIFTY IS 5320 AND RESISTANCE FOR THE NIFTY IS 5450. HENCE NO TRADING ZONE FOR THIS WEEK IS 5320-5450.
BUY CE5400 & CE5500 IF NIFTY MOVES/SUSTAINS ABOVE 5450 FOR THE TARGET OF 5530-5620, KEEP 5320 AS STOP-LOSS.
BUY PE5300 & PE5200 IF NIFTY MOVES/SUSTAINS BELOW 5320 FOR THE TARGET OF 5260-5200, KEEP 5450 AS STOP-LOSS.
TIP: ONE SHOULD ATTEMPT TO BUY NIFTY/ NIFTY OPTIONS NEAR 5200-5250, IF WE GET A MORE LIKELY CORRECTION, AS THERE WILL BE VERY SHARP SHORT COVERING FROM TIME TO TIME. HENCE TRADING BIAS SHOULD BE UP, WHICH WILL DELIVER BRISK PROFIT RATHER THAN GOING SHORT.


FOLLOWING STOCKS LOOKS GOOD TO BUY IN THIS WEEK FOR THE HOLDING PERIOD OF 30-45 DAYS.


1. CROMPTON GREAVES-500093(150.90): BUY AND ACCUMULATE THIS STOCK FOR THE SHORT TERM TARGET OF 172++++


2. RCOM-532712(93.95):BUY AND ACCUMULATE THIS STOCK FOR THE SHORT TERM TARGET OF 110+++++


3. PPAP-532934(69.80):BUY AND ACCUMULATE THIS STOCK FOR THE SHORT TERM TARGET OF 90-100+++(MUST BUY IN DELIVERY).


4.NUMERIC POWER-532051(280.25): BUY THIS STOCK IN OPENING BELL FOR A VERY SHORT TERM TARGET OF 400++.A NEWS FLOW  WILL SHOOT THE PRICE UP AND UP.... ADD ON DIPS.... & HOLD.


Kindly Note that I shall not be available on the messenger for next 2-3 days. Kindly sms( no Phone Calls) on 09335976722/9235656797 in case of any query........

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.

MARKET VIEW FOR THE WEEK 6TH FEBRUARY 2012 TO 10TH FEBRUARY 2011

AS I WAS EXPECTING THAT INDIAN MARKETS SHOULD INCH UP SLOWLY AND EVENTUALLY UP TO 5400 LEVELS OF NIFTY DUE TO MANY DOMESTIC AND GLOBAL FACTORS PLAYING POSITIVELY IN FAVOR OF BULLS. INDIAN STOCK MARKET CLOSED IN THE GREEN ON THE WEEKLY BASIS ON THE BACK OF IMPROVED EXPECTATION OF EMPLOYMENT DATA IN THE U.S. AND THE FIRMING RUPEE.
IN A POSITIVE DEVELOPMENT ON SATURDAY, PETITION BY MR. S. SWAMI AGAINST THE HOME MINISTER MR. P. CHIDAMBARAM, THAT HE BE MADE MAIN ACCUSED IN 2G SCAM WAS DISMISSED BY THE HONORABLE COURT, GAVE A BIG BIG RELIEF FOR THE CONGRESS, UPA AND PMO, AS THIS MAY RESULT IN BRUSH UP IN THE UP ELECTIONS, REARRANGEMENT IN THE ALLIES AND FINALLY IN POLICY FORMATION WHICH MAY HAVE POSITIVE IMPACT ON MARKETS.
AGAINST THE EXPECTATION OF 5400 IN NIFTY MANAGED TO CLOSE IN THE LAST WEEK AT 5325.85 AFTER MAKING HIGH OF 5334.85 & SENSEX CLOSED AT 17604.96 AFTER MAKING THE HIGH OF 17630.53. JANUARY HAS BEEN A GOOD MONTH IN RESPECT OF INFLATION, INTEREST RATE & INDEX(3i) AS INDIAN MARKETS HAVE STARTED ATTRACTING THE GLOBAL FUNDS AHEAD OF OLYMPICS IN JULY 2012. 


GOING FORWARD, INDIAN MARKET IS LIKELY TO TRADE FIRM AND MOVE HIGHER LED BY THE STRONG GLOBAL MARKETS AND CUES AND DOMESTIC POLITICAL STABILITY AT THE CENTER.  THE EVENT OF QUASH OF PETITION AGAINST MR. P.CHIDAMBARAM SHALL DEFINITELY BRING CHEER TO THE MARKETS, HOWEVER IT MAY BE THAT THE MARKETS COULD HAVE ALREADY PRICED-IN THE EVENT ELSE THE EUPHORIA MAY TAKE THE NIFTY TO 5600-5700 LEVELS. RATE SENSITIVES MAY ALSO BE GETTING THE FAVOR IN BUYING LIST. 
GOVERNMENT IS PLANNING TO MOVE AHEAD WITH DISINVESTMENT IN ONGC & BHEL WITHIN THIS FISCAL YEAR, WHICH COULD YIELD GOVERNMENT Rs15000-Rs.17000 CRORE, TO MEET ITS EXPENDITURE NEEDS, AS FISCAL DEFICIT HAS ALREADY REACHED 90% OF THE BUDGETED AMOUNT IN 9 MONTHS ONLY. EMPOWERED GROUP OF MINISTERS (EGoM) IS SCHEDULED TO MEET ON THURSDAY , 9TH FEBRUARY 2012 TO TAKE A CALL ON THE MODUS OPERANDI AND TIMING OF OFFLOADING EQUITY IN BOTH COMPANIES. HENCE KEEP AN EYE ON BOTH OF THESE STOCKS, ALSO MARKETS SHALL BE BUOYANT IN THIS VIEW. MAY BE ANY TIME AFTER THE STATE ELECTIONS, THERE COULD BE FPO ROLL-OUT. 
KEEPING ALL THE FACTORS IN MIND THE RALLY COULD EXTEND TO 5600-5700 LEVELS IN TERMS OF NIFTY & 18400-600 IN TERMS OF SENSEX IN THE SHORT TERM(SAY BY FEBRUARY 2012) AND 6150 IN NIFTY AND 20400 IN SENSEX IN NEAR TERM(SAY BY APRIL 2012). HENCE GOING SHORT ON EVERY RISE, AS MANY EXPERTS SAY, MAY NOT BE A GOOD IDEA. THIS RALLY IS FUELED BY FIIs MONEY WHICH HAS STARTED COMING IN NOW FROM JANUARY, WHICH IN PAST, HAS USED TO COME IN NOVEMBER & DECEMBER OF EVERY YEAR. HENCE THE FIIs LED RALLY SHOULD NOT BE CONSIDERED AS BLEAK AND NARROW, RATHER A SELECTIVE UNDER-VALUED STOCKS SHOULD BE BOUGHT.
STUDYING THE FEBRUARY OPTION DATA IN NIFTY IT IS CLEAR THAT THE BROAD RANGE OF NIFTY SHOULD BE 5000-5500 
HENCE TO CONCLUDE ON SHOULD BE BUYER IN THE MARKET. IF BY ANY REASON(S) NIFTY FALLS TO AROUND 5200-5100-5000-4950, ONE SHOULD BUY STOCKS AND/OR INDEX AND IF NIFTY MOVES HIGHER TO AROUND 5480-5500, ONE SHOULD BOOK PARTIAL PROFITS AS 5500 MIGHT ACT AS SLIGHT RESISTANCE, BUT THIS IN NOW MEANS THAT 5500 IS THE LEVEL TO GO SHORT OR BUY PUTS...
DON'T TRY TO ACT SMART TO BE ACTIVE TRADER IN EVERY UP & DOWN MOVE, YOU COULD BE TRAPPED AND MAY LOOSE HEAVILY AS THERE WILL BE STEEP SHORT COVERING RALLY ABOVE 5500, WHICH MAY MOVE NIFTY TO 5700. HENCE ONLY ONE STRATEGY "BUY & BUY ON DIPS" IS MOST SUITABLE.


TECHNICALLY: NIFTY HAS GIVEN A BULLISH BREAK-OUT ABOVE 5275 ON 3RD FEBRUARY AND ANY SUSTAINED MOVE ABOVE 5400 SHALL TAKE NIFTY TO 5600 IN A VERY SHORT TERM. THE IMMEDIATE SUPPORT FOR THE NIFTY REMAINS AT  5180-5200, HENCE IF NIFTY BREACHES 5180 LEVEL THEN 5050-4950 SHALL BE THE SUPPORT LEVELS. HENCE LONG POSITIONS(TRADING) SHOULD BE HELD WITH STOP-LOSS OF 5180.


FOR THIS WEEK: SUPPORT FOR THE NIFTY IS 5180 AND RESISTANCE AT 5400.
IF NIFTY BREACHES 5180 THEN BUY PE5200 & PE5100 TO BOOK PROFIT AROUND 5130-5050.
IF NIFTY SUSTAINS ABOVE 5400 THEN BUY CE5400 & CE5500 TO BOOK PROFIT AROUND 5520-5600.


FOLLOWING STOCKS LOOKS GOOD FOR TRADING/INVESTMENT PURPOSE:
1. DELTA CORP(532848-CMP:75.30): BUY THIS STOCK AT CMP & ADD ON EVERY FALL FOR THE SHORT TERM TARGET OF 81-88-92+++. MEDIUM TERM TARGET OF 100-110-120++++
2. HINDUSTAN DORR OLIVER(509627-CMP:35.70): BUY THIS STOCK AT CMP & ADD ON EVERY FALL FOR THE SHORT TERM TARGET OF 60+++(A POSITIVE NEWS FLOW MAY COME ANY TIME).. MUST BUY+++++++
3. APTECH(532475-CMP:90.00): THIS SHARE IS IN TRADE TO TRADE SO BUY IN DELIVERY ONLY FOR THE SHORT TERM TARGET OF 100-110+++.
4. PTC(532524-CMP:53.80): BUY THIS STOCK AT CMP & ADD ON EVERY FALL FOR THE SHORT TERM TARGET OF 60-70
5. HDFC BANK(500180-CMP:506.35):BUY THIS STOCK AT CMP & ADD ON EVERY FALL FOR THE SHORT TERM TARGET OF 540-580-600+++++++ VERY POSITIVE 
6. NALCO(532234-CMP:63.75): BUY THIS STOCK AT CMP & ADD ON EVERY FALL FOR THE SHORT TERM TARGET OF 70-78++++++++
7. ANDREW YULE (526173-CMP:23.25): BUY THIS STOCK AT CMP & ADD ON EVERY FALL FOR THE SHORT TERM TARGET OF 26-28-32++++
8. TAJ GVK (532390-CMP:75.00):BUY THIS STOCK AT CMP & ADD ON EVERY FALL FOR THE SHORT TERM TARGET OF 82-88-94+++


NOTE: I may not be available on messenger this week, for any update on markets kindly sms on 9335976722. No phone-call please, only sms. 

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.