MARKET VIEW FOR THE WEEK 27TH AUGUST 2012 TO 31ST AUGUST 2012

Last week indices of Indian capital market consolidated with stability and strength getting positive cues from global markets, lowering inflation, progress of monsoon etc. Sensex ended at 17783.21 & Nifty at 5386.70.

Going forward, as said earlier, Indian markets will behave and move as per the sentiments of the FIIs, who are constantly buying and investing following stock specific approach neglecting the rising crude prices and discouraging macroeconomic domestic factors like inflation, interest rate, monsoon and political chaos. Markets will keep rising along with stocks till FIIs like the valuations........Buying on fundamentals is suggested. 

Technically no trade zone for the Nifty is 5340 and 5450.
Buy Nifty Calls of 5400 & 5500 if Nifty rises above 5450, keeping 5340 as Stop-Loss for the target of 5520-5570-5610.

Buy Nifty Puts of 5400 & 5300 if Nifty breaks below 5340, keeping 5450 as Stop-Loss for the target of 5290-5250-5180.

Following Stocks should be bought in Delivery only(45-60 Days):

1. Shasun Pharma for the Target of 180-200++

2. Wochardt Pharma for the target of 1500-1600+++

3. Orrisa Mine for the target of 60000-68000+++

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.

MARKET VIEW FOR THE WEEK 20TH AUGUST 2012 TO 24TH AUGUST 2012

Last week was seen on affirmative note in Indian Stock Markets with Indices gaining around 1% on account some ease in Inflation and relief in overall monsoon deficit.
Prime Minister's Economic Advisory Council (PMEAC) revised downwards the GDP projection for the current fiscal from earlier 7.5%-8% to 6.7%. It also raised its inflation forecast for the March end to 6.5%-7% from an earlier estimate of 5%-6%. Global cues remain muted. Sensex closed at 17691.08 and Nifty closed at 5366.30.

Going forward, Indian market is likely to continue to trade in a range, while Nifty could touch to 5400 levels. Though the CAG report on Coal Block Allocation is hype and depcits the biasness but its likely to give the sense of fear of deep correction in the market, however cheap valuations and ample liquidity flow may stop such correction. Hence its advisable to buy on correction, if any. Stocks like Deltacorp, Lupin, SBI, Reliance, Tech Mahindra, Kenna Metal, TTK Pharma, TTK Prestige, Lovable, United Spirit, etc., 

As per some experts on Technical Analysis the daily chart of Nifty is showing that it has given a pull back rally of almost 7.3% in last 15 trading sessions. Now it is expected to face strong resistance at 5440. If Nifty is able to maintain above 5440 then Nifty could rally to 5520 and then to 5640 in the short term. However if Nifty breaches below 5250 it would indicate end of current rally and in that case Nifty may test 5150-5030.

Advise: Analysts are in the view that currently all long positions should be booked out and one should re-enter the market to make fresh long positions as and when Nifty crosses and closes above 5440.


FOR THIS WEEK IN NIFTY FUTURE/ OPTIONS:

1. No trading zone for the Nifty is 5290-5400.

2. Buy Nifty Future or CE5400 & CE5500 If Nifty breaks above 5400, keeping 5290 as stop-loss for the target of 5440 & 5520.

3. Sell Nifty Future or Buy PE5300 & PE5200 if Nifty breaks below 5290, keeping 5400 as stop-loss for the target of 5250 & 5200.

FOLLOWING STOCKS are very Good for delivery in Cash FOR 45-60 Days. Please Don't speculate or over trade just merely on the basis of my recommendations. Buy only if you have money and patience to remain invested for medium term.

1. DELTA CORP(64.35): This Stock was recommended last week and now recommeded again for a very short term target of 77-81++++++. Those Interested could hold this stock for 100-110++ till Deepawali this year and for the target of 350++ in a period of 24 months...... Just buy +++++++.

2. Rallis(127.65): This Stock is now set to rise to 150-160-170+++ Buy for medium term to long term also.

3. Wockhart Pharma(1298.65): I have personally recommeded all my messenger friends around 1100 levels. Stock will soon rise to 1500++++. Very positive outlook in near term. THose holding may continue to hold and may buy fresh if they have money.

4. Vediocon Ind(176.00): Buy this Stock for a short term target of 185-190+++.

5. Lupin(571.15): Buy this Stock for a short term target of 600-630++++. Medium term target 1000++ Long term target of 2500+++.

6. Tata Motors(240.45): Buy this Stock for a short term target of 300-330++++. Medium term target 400++ Long term target of 700+++.

6. Wendt India(1755.00): Buy this Stock for a short term target of 2000-2100++++. Medium term target 2500++ Long term target of 4000+++.

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.

 

MARKET VIEW FOR THE WEEK 13TH AUGUST 2012 TO 17TH AUGUST 2012

For last two weeks Indian Stock Market inched up on the return of Mr. Chidambram as Finance Minister, who said that he intends to shortly unveil a path of fiscal consolidation and positive global cues. On the other hand tepid industrial growth for June 2012, poor earnings by Bharti, Ranbaxy , SBI and others market corrected the markets and individual counters. However Indices climbed almost 2% last week.

Going forward Government intends to fine tune policies and procedures that shall facilitate capital flows into India as said by the F.M. This will be the key driver for the markets in months to come. Other domestic factors like monsoon, crude oil prices, inflation figures, value of rupee in terms of dollar, expectation of rate cut in October shall also affect the sentiments from time to time. Globally it is expected that QE3 shall be introduced in America either by September 2012 or latest by December 2012, which may trigger either a commodity rally or equity rally across the globe. India shall receive substantial portion on allocation of funds in emerging markets said some global fund managers.

It is expected that RBI shall cut Repo Rate(& Reverse Repo Rate) by 50 bps in October credit policy review meet, which may trigger a big rally in Indian equity markets and lead Nifty to 6000+ & Sensex to 20000. To move Nifty above 6000 & Sensex above 20000 needs a trigger of QE3, which may come any time in September 2012 or by December 2012. Hence analysts expect markets to move up and every dip shall be a buying opportunity.

Technically, the daily chart of Nifty is showing that it has given a pull back rally of almost 6.81% in last two weeks. Now Nifty may face stiff resistance at 5400. If Nifty is able to  maintain above 5400, a pull back rally might carry it to 5520 & 5640 in the short term on the other hand a breach of 5150 would indicate end of the current rally and in that case Nifty may test 5030 & 4950.

Note: I have personally talked to several fund managers who are expecting markets to remain bullish and Nifty to touch 5500 by August expiry. Lets see...........if their expectation comes true.........

FOR COMING WEEK: No trading range for Nifty [CMP(Spot) 5320.40] is 5250-5400. 
Buy CE5400 & CE5500 if Nifty breaks and sustains above 5400 for the target of 5440 & 5510, keeping 5250 as stop-loss to all longs in Indices.
Buy PE5200 & PE5100 if Nifty breaks & sustains below 5250 for the target of 5200 & 5150, keeping 5400 as stop-loss to all shorts in Indices. 

TRADING STOCKS FOR SHORT TERM DELIVERY (45-60 DAYS HOLDING):
In this section I present the stocks on which I have sought opinion of experts, HNIs and Informers. One can consider buying if and only if one can take delivery in cash(until & unless specified other than delivery) and it may take some more time to reach to target or one can book profit earlier which is suitable to the buyer.

1. Reliance(782.10): Buy for the target of 820-840-860++ by the end of August series. One can also buy in either Future or in Options keeping stop-loss of 735-740.

2. OFSS(2853.65): Buy this stock in delivery for the target of 3000-3200-3500-3600++ as there could be some de-listing news on the offing.

3. Fresinus Kabi(89.80): Buy this stock in delivery for the target of 95-105-110++.

4. Shasun Pharma(131.85): Recommended several times in past and booked profit again buy this stock for the short term target of 150-160+++

5. VIP Ind(79.40): Buy in delivery for the target of 85-90-98-110+++++

6. TTK Prestige(3738.70): Buy in delivery or in future for the target of 3980-4050-4140-4220+++.

7. Tech Mahindra(799.50): Recommended several times inpast for last 2 months from 650 levels stock could reach 1000+++ gradually. Just buy and hold for 3 months........

Astrologically: The planets show that markets shall gradually inch up and end higher from here in august series. Nifty could test 5500 by 28th August 2012. One must be buyer on every dip, without any panic or confusion..

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.