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.............)


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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.

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