DUE TO TRUNCATED WEEK AND CAUTIOUS APPROACH BECAUSE OF Q4 RESULT SEASON TO START MARKET REMAINED VOLATILE AND RANGE BOUND. SENSEX & NIFTY CLOSED UP 2% ON WEEKLY BASIS AT 17486.02 & 5322.00
AS ALREADY SAID STOCK MARKET IN INDIA SHALL REMAIN BUOYANT AND ATTRACT MUCH FIIs INFLOW IF THE INTEREST RATE COMES DOWN PRIMARILY. EVEN THOUGH THERE REMAINS MANY UNCOMFORTABLE MARCO-ECONOMIC, FUNDAMENTAL AND POLITICAL CHALLENGES AND HURDLES, THE UPCOMING RESULT SEASON SHALL BE IN FOCUS FOR THE VERY SHORT TERM. INFOSYS SHALL COME UP WITH THE Q4 RESULTS ON 13TH MAY. IT IS EXPECTED INFOSYS TO POST 2.6% SEQUENTIAL GROWTH IN TOPLINE AND LIKELY TO ANNOUNCE AN EPS OF 40.56 FOR Q4, 2012 AND 146 FOR FY12, ACCORDING TO BLOOMBERG.
AS BY THE NEXT WEEK ON 17TH RBI SHALL COME OUT WITH THE CREDIT POLICY REVIEW, THIS HANGOVER WILL BE CLEARLY SEEN THIS WEEK. THOUGH MARKET ANTICIPATES NO RATE CUT THIS TIME, HOWEVER ANALYST EXPECT C.R.R CUT BY 25bps TO 50bps. SOME SECTION OF ANALYST ALSO EXPECT THE 25bps CUT IN REPO & REVERSE REPO RATE.
UNDER NORMAL CIRCUMSTANCES AND EVENTS ITS EXPECTED THAT NIFTY SHALL REMAIN IN THE BROAD RANGE OF 16700-18500 & NIFTY 5000-5600. EVERY DIP SHALL BE A BUYING OPPORTUNITY IN SELECT STOCK PICKS IN BANKING, CAPITAL GOODS, POWER, HEALTH CARE & FMCG .
TECHNICALLY NIFTY NIFTY HAS VERY STRONG SUPPORT AT 5150, WHICH HAS BECOME SHORT TERM CRUCIAL BASE, BELOW WHICH NIFTY MAY TEST 5050-4950 IN NO TIME. ON THE WAY UP 5400 REMAINS THE STRONG RESISTANCE. ABOVE 5400 NIFTY SHALL TEST 5510-5630 IN NO TIME.
I EXPECT NIFTY TO TEST 5400 IN THE CURRENT UP SWING THEN THERE COULD BE DOWN WARD MOVEMENT TO TEST 5050 LEVELS.
FOR THIS WEEK: SUPPORT FOR THE NIFTY IS 5270 AND RESISTANCE AT 5400. HENCE NO TRADING ZONE FOR THE NIFTY TRADERS IS 5270-5400.
BUY CE5400 & CE5500: IF NIFTY SUSTAINS ABOVE 5400 KEEPING THE STOP-LOSS OF 5270, FOR THE TARGET OF 5510 & 5630.
BUY PE5300 & PE5200: IF NIFTY BREAKS BELOW 5270 KEEPING THE STOP-LOSS OF 5400, FOR THE TARGET OF 5200 & 5150.
NOTE: ALL NIFTY TRADERS ARE ADVISED TO STRICTLY FOLLOW THE ABOVE POINTS AND SAVE THEM SELVES FROM A BIASED TRADES....
FOLLOWING STOCKS LOOK GOOD TO INVEST (DELIVERY ONLY) FOR THE SHORT TERM OF 45-60 DAYS HOLDING:
1. GRAPHITE(89.10): BUY AND ADD ON THE DIP FOR THE TARGETS OF 98-110-126+++++
2. HONEYWELL AUTO(2782.05):BUY AND ADD ON THE DIP FOR THE TARGETS OF 3000-3200++++
3. DHANLAXMI BANK(75.40): BUY AND ADD ON THE DIP FOR THE TARGETS OF 82-85-90++++
4. NESCO(663.05):BUY AND ADD ON THE DIP FOR THE TARGETS OF 690-730+++
5. GUJRAT FLUORO(527.95):BUY AND ADD ON THE DIP FOR THE TARGETS OF 560-600++++++
6. VIVIMED LAB (414.05): BUY AND ADD ON THE DIP FOR THE TARGETS OF 440-500++++
7. BGR ENERGY(355.65): BUY AND ADD ON THE DIP FOR THE TARGETS OF 380-400+++
8. TTK PRESTIGE(3214.35): BUY AND ADD ON THE DIP FOR THE TARGETS OF 3400-3500++++
9. MC DOWELL(676.05): BUY AND ADD ON THE DIP FOR THE TARGETS OF 700-750+++
10. STATE BANK OF INDIA(2164.30): BUY AND ADD ON THE DIP FOR THE TARGETS OF 2200-2400+++++
ASTROLOGICALLY: MARS BECOMING DIRECT ON 15TH APRIL AND CONFIGURATION ATION OF PLANETS SUGGEST A VERY VOLATILE MOVEMENT. SATURN'S RETROGRESSION COULD NOW BE SET TO GIVE ITS LAST PHASE UPSWING. HENCE WE COULD SEE A START OF NEW RALLY SOON ANY TIME AFTER 15TH 2012 APRIL, BUT BEFORE THAT I AM NOT CONFIDENT OF UP SWING, RATHER THERE COULD BE SOME SHARP DOWN SWING. HENCE BUYING STOCKS MAY GIVE DECENT RETURNS TILL SATURN IS RETROGRADE.....
THERE ARE 30% CHANCE THAT I MAY GO WRONG IN ASTROLOGICAL ANALYSIS..........USE YOUR OWN JUDGEMENT POWER AND DON'T RELY COMPLETELY ON THIS
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.
AS ALREADY SAID STOCK MARKET IN INDIA SHALL REMAIN BUOYANT AND ATTRACT MUCH FIIs INFLOW IF THE INTEREST RATE COMES DOWN PRIMARILY. EVEN THOUGH THERE REMAINS MANY UNCOMFORTABLE MARCO-ECONOMIC, FUNDAMENTAL AND POLITICAL CHALLENGES AND HURDLES, THE UPCOMING RESULT SEASON SHALL BE IN FOCUS FOR THE VERY SHORT TERM. INFOSYS SHALL COME UP WITH THE Q4 RESULTS ON 13TH MAY. IT IS EXPECTED INFOSYS TO POST 2.6% SEQUENTIAL GROWTH IN TOPLINE AND LIKELY TO ANNOUNCE AN EPS OF 40.56 FOR Q4, 2012 AND 146 FOR FY12, ACCORDING TO BLOOMBERG.
AS BY THE NEXT WEEK ON 17TH RBI SHALL COME OUT WITH THE CREDIT POLICY REVIEW, THIS HANGOVER WILL BE CLEARLY SEEN THIS WEEK. THOUGH MARKET ANTICIPATES NO RATE CUT THIS TIME, HOWEVER ANALYST EXPECT C.R.R CUT BY 25bps TO 50bps. SOME SECTION OF ANALYST ALSO EXPECT THE 25bps CUT IN REPO & REVERSE REPO RATE.
UNDER NORMAL CIRCUMSTANCES AND EVENTS ITS EXPECTED THAT NIFTY SHALL REMAIN IN THE BROAD RANGE OF 16700-18500 & NIFTY 5000-5600. EVERY DIP SHALL BE A BUYING OPPORTUNITY IN SELECT STOCK PICKS IN BANKING, CAPITAL GOODS, POWER, HEALTH CARE & FMCG .
TECHNICALLY NIFTY NIFTY HAS VERY STRONG SUPPORT AT 5150, WHICH HAS BECOME SHORT TERM CRUCIAL BASE, BELOW WHICH NIFTY MAY TEST 5050-4950 IN NO TIME. ON THE WAY UP 5400 REMAINS THE STRONG RESISTANCE. ABOVE 5400 NIFTY SHALL TEST 5510-5630 IN NO TIME.
I EXPECT NIFTY TO TEST 5400 IN THE CURRENT UP SWING THEN THERE COULD BE DOWN WARD MOVEMENT TO TEST 5050 LEVELS.
FOR THIS WEEK: SUPPORT FOR THE NIFTY IS 5270 AND RESISTANCE AT 5400. HENCE NO TRADING ZONE FOR THE NIFTY TRADERS IS 5270-5400.
BUY CE5400 & CE5500: IF NIFTY SUSTAINS ABOVE 5400 KEEPING THE STOP-LOSS OF 5270, FOR THE TARGET OF 5510 & 5630.
BUY PE5300 & PE5200: IF NIFTY BREAKS BELOW 5270 KEEPING THE STOP-LOSS OF 5400, FOR THE TARGET OF 5200 & 5150.
NOTE: ALL NIFTY TRADERS ARE ADVISED TO STRICTLY FOLLOW THE ABOVE POINTS AND SAVE THEM SELVES FROM A BIASED TRADES....
FOLLOWING STOCKS LOOK GOOD TO INVEST (DELIVERY ONLY) FOR THE SHORT TERM OF 45-60 DAYS HOLDING:
1. GRAPHITE(89.10): BUY AND ADD ON THE DIP FOR THE TARGETS OF 98-110-126+++++
2. HONEYWELL AUTO(2782.05):BUY AND ADD ON THE DIP FOR THE TARGETS OF 3000-3200++++
3. DHANLAXMI BANK(75.40): BUY AND ADD ON THE DIP FOR THE TARGETS OF 82-85-90++++
4. NESCO(663.05):BUY AND ADD ON THE DIP FOR THE TARGETS OF 690-730+++
5. GUJRAT FLUORO(527.95):BUY AND ADD ON THE DIP FOR THE TARGETS OF 560-600++++++
6. VIVIMED LAB (414.05): BUY AND ADD ON THE DIP FOR THE TARGETS OF 440-500++++
7. BGR ENERGY(355.65): BUY AND ADD ON THE DIP FOR THE TARGETS OF 380-400+++
8. TTK PRESTIGE(3214.35): BUY AND ADD ON THE DIP FOR THE TARGETS OF 3400-3500++++
9. MC DOWELL(676.05): BUY AND ADD ON THE DIP FOR THE TARGETS OF 700-750+++
10. STATE BANK OF INDIA(2164.30): BUY AND ADD ON THE DIP FOR THE TARGETS OF 2200-2400+++++
ASTROLOGICALLY: MARS BECOMING DIRECT ON 15TH APRIL AND CONFIGURATION ATION OF PLANETS SUGGEST A VERY VOLATILE MOVEMENT. SATURN'S RETROGRESSION COULD NOW BE SET TO GIVE ITS LAST PHASE UPSWING. HENCE WE COULD SEE A START OF NEW RALLY SOON ANY TIME AFTER 15TH 2012 APRIL, BUT BEFORE THAT I AM NOT CONFIDENT OF UP SWING, RATHER THERE COULD BE SOME SHARP DOWN SWING. HENCE BUYING STOCKS MAY GIVE DECENT RETURNS TILL SATURN IS RETROGRADE.....
THERE ARE 30% CHANCE THAT I MAY GO WRONG IN ASTROLOGICAL ANALYSIS..........USE YOUR OWN JUDGEMENT POWER AND DON'T RELY COMPLETELY ON THIS
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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