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.
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.
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