MARKET VIEW FOR THE WEEK 23RD APRIL 2012 TO 27TH APRIL 2012

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EVEN AFTER THE UNEXPECTED REPO RATE CUT BY RBI IN ITS ANNUAL MONETARY POLICY BY 50bps ABOVE GENERAL CONSENSUS OF 25bps INDIAN  STOCK MARKET DIDN'T SHEW DESIRED ENTHUSIASM AND CLOSED THE WEEK BY DISMAL GAIN OF 1.6% EACH, SENSEX & NIFTY SHUT SHOP AT 17373.84 & 5290.85. INDIA'S INFLATION RATE FOR THE MONTH OF MARCH WAS 6.89% AGAINST 6.95% FOR FEBRUARY 2012. IN A MOJOR DEVELOPMENT ON THE GLOBAL FRONT THE GROUP OF 20 NATIONS HAS PLEDGED USD $430 BILLION TO I.M.F, MORE THAN DOUBLING ITS CAPACITY TO PROTECT THE WORLD ECONOMY FROM THE IMPACT OF EURO-ZONE'S DEBT CRISIS.


IN THE EVENTFUL WEEK AHEAD, INDIAN MARKET IS LIKELY TO MOVE A RANGE WAITING FOR SOME MORE GLOBAL CUES TO CLEAR THE DIRECTION OF MARKETS FOR THE SHORT TO MEDIUM TERM. FOMC MEETING ON 25TH APRIL, GDP DATA OF US AND UK, PMI DATA IN GERMANY AND F&O EXPIRY ON 26TH APRIL 2012 WILL BE THE KEY EVENTS TO WATCH , WHICH MAY HAVE THEIR IMPACT ON VOLATILITY AND DIRECTION. Q4 CORPORATE RESULTS WILL HAVE IMPACT ON INDIVIDUAL COUNTERS AND SECTORS. TCS, STERLITE, ICICI BANK, JINDAL STEEL, WIPRO ARE SOME IMPORTANT RESULTS TO WATCH FOR.
IN THE SHORT TO MEDIUM TERM INFLOW OF GLOBAL FUNDS TO INDIAN MARKETS WILL KEEP THE MARKET BUOYANT AND EVERY DIP WILL BE A BUYING OPPORTUNITY.


THERE ARE MANY CONCERNS ABOUT THE FUNDAMENTALS OF THE ECONOMY AND THEY WILL KEEP ON GOING HOWEVER A LIQUIDITY AND INFLOW OF FUNDS WILL KEEP ON HOLDING THE MARKETS. CURRENTLY NIFTY IS AT AROUND 13 TIMES THE FY2013 EARNINGS, EXPECTATION OF DECLINING INFLATION, LOWERING INTEREST RATE AND SOME HINT OF POLICY ACTION BY THE UPA LED CENTRAL GOVERNMENT  MAKES THE MARKETS CHEAP. ANY DOWN SIDE ABERRATION TO THE FAIR VALUATION IS DEFINITELY A BUYING OPPORTUNITY. SELECT STOCK PICKS FOR MEDIUM TO LONG TERM PORTFOLIO BUILDING SHALL BE HIGHLY REWARDING. HENCE ANY DIP TO 5200-5000-4950 SHALL BE A VERY GOOD BUYING OPPORTUNITY.


MANY PEOPLE ARE WORRIED AND CAUTIOUS  ABOUT THE MARKET IN THE SHORT TERM REFERRING TO THE VARIOUS SITES PUBLISHING ARTICLES AND TECHNICAL ANALYSIS THAT MARKETS WILL CRASH DOWN TO 4500-4000 LEVELS AND TO REPLY THEM IN ONE GO "ITS A BEST BUYING OPPORTUNITY OF A LIFE TIME, IF YOU GET".....


MY DEAR READERS, STOCK MARKETS BEHAVE ON FUTURE ACTIONS AND ANTICIPATIONS AND THAT SEEMS TO BE PROMISING IN INDIAN CONTEXT. DON'T BE PANIC AND NERVOUS, JUST KEEP ON INVESTING IN SELECT STOCKS AND FORGET WATCHING THE INDEX AND ASSESSING THE SHORT TERM MOVES OF INDICES....... JUST BUY & BUY.............FOR THE STEEP FALL AND DOOMS DAY. 
AS FAR AS I AM CONCERNED I AM REGULARLY BUYING AND CHURNING THE PORTFOLIO AND GROWING MY MONEY RATHER THAN WATCHING AND GAUGING THE NEXT MARKET MOVES.


TECHNICALLY: FOR LAST TWO WEEKS NIFTY HAS BEEN MOVING IN A NARROW RANGE OF 5130 & 5350, WHICH IS EXPECTED TO REMAIN IN THE SAME RANGE FOR NEXT 2-3 TRADING SESSIONS. IF NIFTY BREAKS 5130 ON THE DOWN SIDE AND MOVES BELOW IT, THEN IT COULD TEST 5050 & 4950. HOWEVER ON THE OTHER SIDE IF NIFTY MANAGES TO MOVE ABOVE 5350, THEN 5530 & 5610 WILL BE SEEN.


FOR THIS WEEK: THE NO TRADING ZONE  FOR NIFTY IS 5220 TO 5350. HENCE FORGET THIS ZONE FOR ANY KIND OF INDEX SPECULATION.


BUY CE5400 & CE 5500: IF NIFTY MOVES/SUSTAINS ABOVE 5350 KEEPING THE STOP-LOSS OF 5130 FOR THE TARGET OF 5420-5510.
BUY PE5200 & PE5100: IF NIFTY FAILS TO HOLD 5220 AND BREAKS BELOW IT, KEEPING THE STOP-LOSS 5350 FOR THE TARGET OF 5180-5130.




FOLLOWING STOCKS ARE BEST PICKS FOR 45-60 DAYS IN DELIVERY AND FOR ALSO SOME SHORT TERM PLAYERS  :


1.TTK PRESTIGE FUTURE(3506.15)-MAY SERIES: BUY FOR THE TARGET 3600-3700+++, KEEP 3440 AS STOP-LOSS IF YOU HAVE EITHER LESS MTM OR WEAK HEART [MUST BUY]


2.M&M FUTURE(731.60)-MAY SERIES: BUY FOR THE TARGET 750-770+++, KEEP 700 AS STOP-LOSS IF YOU HAVE EITHER LESS MTM OR WEAK HEART [MUST BUY]


3.SCHNEIDER ELECTRIC(534139)-CMP:94.55: BUY THIS SHARE FOR NEXT 120-150 DAYS HOLDING FOR THE FINAL TARGET OF 150-160+++


4. CERA SANITARYWARE(532443)-CMP: 255.00:BUY THIS SHARE FOR NEXT 120-150 DAYS HOLDING FOR THE FINAL TARGET OF 350-400+++


5.KALYANI STEELS LTD(500235)-CMP63.40: BUY THIS SHARE FOR NEXT 30-45 DAYS HOLDING FOR THE FINAL TARGET OF 80+++.


6.JAMNA AUTO(520051)-CMP171.50: BUY THIS SHARE FOR NEXT 30-45 DAYS HOLDING FOR THE FINAL TARGET OF 190-225 +++.




ASTROLOGICALLY: Its very good planetary situation coming on the sky soon. We may have a north ward moving market and specific stocks from the mid of the 2012............. So be ready with your money to multiply.........

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.