DUE TO THE DEVELOPMENTS LAST WEEK, A NEW PHOBIC STORY HAUNTED THE INDIAN STOCK MARKET YESTERDAY ABOUT THE MUCH HYPED 'GAAR'. ACTUALLY THERE IS A MISSING LINK OF INFORMATION AND CLARIFICATIONS ON THIS. THERE IS ONE SIMPLE QUESTION " WHY THE EFFECT OF 'GAAR' IN INTERPRETED AND COMMUNICATED SO LATE??? IT COULD HAVE BEEN DONE EARLIER IN PREVIOUS WEEK. WAS IT DONE DELIBERATELY NOW, WHY DOES THE MINISTRY AND OFFICIALS COME OUT AND CLARIFY ON SUCH IMPORTANT ISSUE, WHICH COULD DRAIN OUT THE MAJOR CHUNK OF FIIs IN-FLOW AND INVESTMENT IN INDIA. EVEN THE GOVERNMENT KNOWS VERY WELL THAT WITHOUT THE FOREIGN MONEY THEY CANNOT DREAM OF DEVELOPMENT. HOW THEY CAN COMMIT SUCH BLUNDER??? WHY THE MEDIA IS MAKING HYPE OF THE OTHER SIDE OF THE STORY. THEY ARE TELLING WHAT HARM THE 'GAAR' COULD DO, WHY DON'T THEY TELL THAT IT HAS BEEN BROUGHT TO COUNTER THE TAX AVOIDANCE AND NOT TO MAKE THE FIIs IN WATER TIGHT COMPARTMENT WHERE THEY WILL FIND MOUNTING TAX BURDEN????.
FRANKLY SPEAKING , I SMELL SOME THING FOUL, IF NOT FOUL THEN CERTAINLY MANIPULATIVE ACTION TO CREATE AN ATMOSPHERE OF PESSIMISM & UNCERTAINTY TO PROVIDE ADVANTAGE OF SITUATION TO SOME VESTED GROUP.
WHEN MARKET IS EXPECTING A RATE CUT AND SETTING FOR HIGHER HIGHS, SPREAD OF THIS KIND OF INTERPRETATION OF 'GAAR' MAY GIVE OPPORTUNITY TO ENTER IN THE LOWER LEVELS, AS THIS MAY BE ONLY LAST OPPORTUNITY BEFORE MARKET STARTS MARCHING UP TO NEW HIGHS, AFTER RATE CUTS IN NEAR TERM.
MAY BE THIS IS ALL TO HELP THOSE WHO ARE LEFT IN THE 1000 POINTS RALLY STARTING AROUND 4550 IN NIFTY. I FRANKLY SAY THIS IS MY OWN VIEWS AS IT SEEMS FISHY AND FOUL IN THIS EPISODE. IF I AM RIGHT TODAY AFTER A SOME MORE DEEP CORRECTION , FINANCE MINISTRY OR ANY CONCERNED OFFICIAL WILL COME THROUGH THE SAME MEDIA AND CLARIFY THE SAME AND EVERY THING WILL BE AL RIGHT THEN. NOTE THIS "I AM TELLING YOU ALL IN ADVANCE THAT SOME ONE WILL CERTAINLY COME, WHEN ??? I DON'T KNOW BUT CERTAINLY AFTER SOME MORE CORRECTION.
JUST WAIT & WATCH ................ YOU WILL HEAR SOON..............CLARIFICATION COMING IN .................
AS FAR AS I HAVE ANALYSED THE MARKET MOVEMENT AND ALL OTHER FACTORS I BELIEVE THAT MARKETS WILL REMAIN VOLATILE AND DIRECTIONLESS FOR SOME MORE TIME. FINANCE MINISTER'S STATEMENT IN PREVIOUS WEEK END CLEARLY SHOW THAT GOVERNMENT IS DETERMINED TO TAKE ALL POSSIBLE STEPS TO TACKLE THE FISCAL SITUATION OF THE COUNTRY AND TAKE BOLD STEPS TO BOLSTER THE GROWTH. THIS CLEARLY SHOWS THE PICTURE AHEAD. MARKETS WILL ANTICIPATE THE MEASURES NOW AND START MARCHING UPWARDS AND NIFTY WILL CERTAINLY MAKE NEW HIGHS ANY TIME BEFORE DECEMBER 2012.
SO WHAT IS THE NEED OF PANIC???????
WHAT IS THE NEED OF WORRY???????
WHAT YOU SHOULD DO NOW??????
JUST ADD STOCKS WHICH YOU NEED TO ........
I HAVE GIVEN LIST OF MANY SUCH STOCKS IN MY PREVIOUS POSTING....... TRY TO LOOK IN THEM AND ACCUMULATE FOR NEXT 6-8 MONTHS......WHEN WE COULD SEE NIFTY TOUCHING 6600+++++..............
FOR THIS WEEK: NIFTY IS EXPECTED TO GET STRONG SUPPORT AROUND 5150, IF BY ANY MEANS NIFTY BREACHES THE 5150 ON THE DOWN SIDE IN THE VERY SHORT TERM THEN IT MAY SLIP TO 5100 & 5050. NIFTY MAY GET STRONG RESISTANCE AT 5390-5420 ABOVE WHICH IT WILL SHOOT UP TO 5520 & 5630 ALSO.
HENCE ALL THOSE WHO ARE TARDING ON THE LONG SIDE(ESPECIALLY TRADERS) ARE ADVISED TO KEEP STOP-LOSS OF 5150.
BUYING IN STOCK SPECIFIC COUNTERS IS ADVISED.
FOLLOWING STOCKS LOOKS GOOD:
1. ITC(222.00): BUY IN CASH OR CALL OPTION FOR MARCH CE220 @3-4 FOR THE TARGET OF 10 BY EXPIRY.( PURELY A SPECULATIVE PLAY)
2. JP ASSOCIATE(81.60): BUY IN CASH OR CALL OPTION FOR APRIL SERIES CE80 & CE 85 FOR THE IMMEDIATE TARGET OF 85-90++. MARCH SETTLEMENT ABOVE 80.
3.UNITES SPIRITS FUTURE(558.75): BUY APRIL SERIES FOR THE TARGET OF 600-625-650+++. DON'T MISS THIS GOLDEN OPPORTUNITY. BUY IN CASH AND HOLD WITHOUT PANIC.
4. ING VYSYA BANK(351.95): BUY THIS STOCK FOR 45-60 DAYS IN DELIVERY FOR A TARGET OF 420++++++
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.
FRANKLY SPEAKING , I SMELL SOME THING FOUL, IF NOT FOUL THEN CERTAINLY MANIPULATIVE ACTION TO CREATE AN ATMOSPHERE OF PESSIMISM & UNCERTAINTY TO PROVIDE ADVANTAGE OF SITUATION TO SOME VESTED GROUP.
WHEN MARKET IS EXPECTING A RATE CUT AND SETTING FOR HIGHER HIGHS, SPREAD OF THIS KIND OF INTERPRETATION OF 'GAAR' MAY GIVE OPPORTUNITY TO ENTER IN THE LOWER LEVELS, AS THIS MAY BE ONLY LAST OPPORTUNITY BEFORE MARKET STARTS MARCHING UP TO NEW HIGHS, AFTER RATE CUTS IN NEAR TERM.
MAY BE THIS IS ALL TO HELP THOSE WHO ARE LEFT IN THE 1000 POINTS RALLY STARTING AROUND 4550 IN NIFTY. I FRANKLY SAY THIS IS MY OWN VIEWS AS IT SEEMS FISHY AND FOUL IN THIS EPISODE. IF I AM RIGHT TODAY AFTER A SOME MORE DEEP CORRECTION , FINANCE MINISTRY OR ANY CONCERNED OFFICIAL WILL COME THROUGH THE SAME MEDIA AND CLARIFY THE SAME AND EVERY THING WILL BE AL RIGHT THEN. NOTE THIS "I AM TELLING YOU ALL IN ADVANCE THAT SOME ONE WILL CERTAINLY COME, WHEN ??? I DON'T KNOW BUT CERTAINLY AFTER SOME MORE CORRECTION.
JUST WAIT & WATCH ................ YOU WILL HEAR SOON..............CLARIFICATION COMING IN .................
AS FAR AS I HAVE ANALYSED THE MARKET MOVEMENT AND ALL OTHER FACTORS I BELIEVE THAT MARKETS WILL REMAIN VOLATILE AND DIRECTIONLESS FOR SOME MORE TIME. FINANCE MINISTER'S STATEMENT IN PREVIOUS WEEK END CLEARLY SHOW THAT GOVERNMENT IS DETERMINED TO TAKE ALL POSSIBLE STEPS TO TACKLE THE FISCAL SITUATION OF THE COUNTRY AND TAKE BOLD STEPS TO BOLSTER THE GROWTH. THIS CLEARLY SHOWS THE PICTURE AHEAD. MARKETS WILL ANTICIPATE THE MEASURES NOW AND START MARCHING UPWARDS AND NIFTY WILL CERTAINLY MAKE NEW HIGHS ANY TIME BEFORE DECEMBER 2012.
SO WHAT IS THE NEED OF PANIC???????
WHAT IS THE NEED OF WORRY???????
WHAT YOU SHOULD DO NOW??????
JUST ADD STOCKS WHICH YOU NEED TO ........
I HAVE GIVEN LIST OF MANY SUCH STOCKS IN MY PREVIOUS POSTING....... TRY TO LOOK IN THEM AND ACCUMULATE FOR NEXT 6-8 MONTHS......WHEN WE COULD SEE NIFTY TOUCHING 6600+++++..............
FOR THIS WEEK: NIFTY IS EXPECTED TO GET STRONG SUPPORT AROUND 5150, IF BY ANY MEANS NIFTY BREACHES THE 5150 ON THE DOWN SIDE IN THE VERY SHORT TERM THEN IT MAY SLIP TO 5100 & 5050. NIFTY MAY GET STRONG RESISTANCE AT 5390-5420 ABOVE WHICH IT WILL SHOOT UP TO 5520 & 5630 ALSO.
HENCE ALL THOSE WHO ARE TARDING ON THE LONG SIDE(ESPECIALLY TRADERS) ARE ADVISED TO KEEP STOP-LOSS OF 5150.
BUYING IN STOCK SPECIFIC COUNTERS IS ADVISED.
FOLLOWING STOCKS LOOKS GOOD:
1. ITC(222.00): BUY IN CASH OR CALL OPTION FOR MARCH CE220 @3-4 FOR THE TARGET OF 10 BY EXPIRY.( PURELY A SPECULATIVE PLAY)
2. JP ASSOCIATE(81.60): BUY IN CASH OR CALL OPTION FOR APRIL SERIES CE80 & CE 85 FOR THE IMMEDIATE TARGET OF 85-90++. MARCH SETTLEMENT ABOVE 80.
3.UNITES SPIRITS FUTURE(558.75): BUY APRIL SERIES FOR THE TARGET OF 600-625-650+++. DON'T MISS THIS GOLDEN OPPORTUNITY. BUY IN CASH AND HOLD WITHOUT PANIC.
4. ING VYSYA BANK(351.95): BUY THIS STOCK FOR 45-60 DAYS IN DELIVERY FOR A TARGET OF 420++++++
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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