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.
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.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.