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.
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.
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