LAST WEEK INDIAN MARKETS ENDED ON WEAK NOTE AND STARTED THE WEEK WITH NEGATIVE BIAS. THE CLARIFICATION ON 'GAAR' AND SOME MEASURES BY RBI TO CONTROL THE DECLINING RUPEE COULD NOT GIVE MUCH SUPPORT TO THE SENTIMENTS AND THE FIIs ARE RELENTLESSLY SELLING. MARKET BROKE ALL THE MAJOR SUPPORTS AND DAY BY DAY ITS TRENDING DOWN AND DOWN.
AS SAID EARLIER I STICK ON THE SAME VIEW THAT THESE ARE THE SHORT TERM PHENOMENON AND MARKETS WILL GRADUALLY INCH UP AND SHALL BE IN THE BULL PHASE SOON. IT MAY HAPPEN THAT WE ARE LUCKY TO GET SOME LOWER LEVELS LIKE 4750-4850 WHERE WE CAN HAVE GOOD VALUE STOCK PICKS.
FOR THOSE WHO ARE HAVING SOME CASH SHOULD KEEP ON ADDING LITTLE POSITION AND HOLD THE REST FOR SOME PERIODIC BUYING IN A PHASED MANNER.
THE SHORT TERM RANGE FOR THE MARKET IS NOW 4800-5200 AND WE SHALL SEE NIFTY IN THE SAME RANGE IN MAY, WHERE THE MAY DERIVATIVE SETTLEMENT COULD TAKE PLACE NEAR 4800. THIS RANGE OF THE NIFTY WILL BE BROKEN ANY TIME AFTER JUNE FIRST WEEK ON THE HIGHER SIDE AND NIFTY SHALL MOVE TO 5400 & 5600. HENCE ANY DIP SHOULD BE USED TO BUY GOOD STOCKS AND STOCKS WHICH HAVE SOME IMPORTANT EVENTS AHEAD.
I HAVE SELECTED FOLLOWING STOCKS:
1. SBI
2. LT
3. DELTA CORP
4. CERA SANITARY
5. SAINT GOBAIN
6. MANGLORE CHEMICALS
7. HDFC
8. KENNA METAL
ASTROLOGICALLY: Markets shall start stabilizing any time after the 3rd week of May and shall start moving up and out of range 4800-5200 on the higher side after 1st week of June
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 SAID EARLIER I STICK ON THE SAME VIEW THAT THESE ARE THE SHORT TERM PHENOMENON AND MARKETS WILL GRADUALLY INCH UP AND SHALL BE IN THE BULL PHASE SOON. IT MAY HAPPEN THAT WE ARE LUCKY TO GET SOME LOWER LEVELS LIKE 4750-4850 WHERE WE CAN HAVE GOOD VALUE STOCK PICKS.
FOR THOSE WHO ARE HAVING SOME CASH SHOULD KEEP ON ADDING LITTLE POSITION AND HOLD THE REST FOR SOME PERIODIC BUYING IN A PHASED MANNER.
THE SHORT TERM RANGE FOR THE MARKET IS NOW 4800-5200 AND WE SHALL SEE NIFTY IN THE SAME RANGE IN MAY, WHERE THE MAY DERIVATIVE SETTLEMENT COULD TAKE PLACE NEAR 4800. THIS RANGE OF THE NIFTY WILL BE BROKEN ANY TIME AFTER JUNE FIRST WEEK ON THE HIGHER SIDE AND NIFTY SHALL MOVE TO 5400 & 5600. HENCE ANY DIP SHOULD BE USED TO BUY GOOD STOCKS AND STOCKS WHICH HAVE SOME IMPORTANT EVENTS AHEAD.
I HAVE SELECTED FOLLOWING STOCKS:
1. SBI
2. LT
3. DELTA CORP
4. CERA SANITARY
5. SAINT GOBAIN
6. MANGLORE CHEMICALS
7. HDFC
8. KENNA METAL
ASTROLOGICALLY: Markets shall start stabilizing any time after the 3rd week of May and shall start moving up and out of range 4800-5200 on the higher side after 1st week of June
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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