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.
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.
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