Past week has witnessed the positive move on the Indices of Indian Capital Market despite several political & economic concerns and worries. Nifty has closed above the 5350 level ( on Saturday's Special trading session), while Sensex closed around 17750, which shows that ample liquidity has kept the indices buoyant.
Indian Market is likely to trade higher on hopes of more liquidity flowing into the markets as ECB promised to buy unlimited bonds subject to certain conditions. However the domestic political chaos has led to very pessimistic view in the pushing up of any reform measures in the near future. Monsoon session of the Parliament was totally disgusting and un-fateful. This has given a very weak signal to all investor community across the globe. However the proposed hike in Petrol prices, LPG and Diesel could do some thing positive to cut the widening fiscal deficit.
Coming weeks are very important as there will be certain events which have to play an important impact on the flow of funds in Indian Capital Market. IIP for the month of July 2012, then FOMC meet in US on 13th September, India's WPI number on 14th September will bear directly on the markets and RBI Credit Policy meet on 17th September.
Hence the week ahead is very very important for Indian Capital Market. Keep close eye on all the events lined up.........
Fund Managers and Investment Analysts believe that Indian Markets will keep on attracting global funds which are available due to ample liquidity. In the Short term Sensex could touch 18200-18400 & Nifty to 5500-5600.
Stock specific approach shall be the best for getting some gains in these volatile markets.
However one should keep some risk factors in mind. If the FED comes out some thing shocking or unexpected or RBI fails to cut rate in the coming meet could lead to sharp correction in Indices and stocks and then we could see Nifty coming back to 5000 levels. Hence on should be very very selective in stocks.
Technically, after making a low of 5215.60 on Tuesday, Nifty has given a strong pull back rally of almost 3%. Now it expected that this rally will continue to 5450.
If Nifty is able to survive above 5450 the up ward rally might continue to 5510 & 5630. However getting of strong resistance at 5450 and not being able to sustain above that might lead to profit booking by very short term derivative traders and Nifty may come back to 5300 levels.
FOR THIS WEEK: No trading Zone for the Nifty is 5300 to 5400.
BUY CE 5400 & CE 5500 or Nifty Fut:If Nifty survives above 5400 for the target of 5450 & 5510 keeping stop-loss of 5300.
Buy PE 5400 & PE 5300 or Short Nifty Fut: If Nifty breaks below 5300 for the target of 5250 & 5210 keeping stop-loss of 5400.
Following Stocks are best to trade & Invest( Delivery Holding Period: At least 45-60 days)
1. LT(1373.30): Buy for the target of 1400-1450-1500+++
2. Auro Pharma(129.60): Buy for the target of 150-160 +++
3. Sun Pharma(666.15): Buy for the target of 685-700-720++++
4.Tinplate(53.55): Buy for the target of 60-65++++
5. Themis Medicare(96.00): Buy for the target of 105-110-120-150++++( Long term holding will be very good)
6. Asian Paints(3770.00): Buy for the target of 3840-3910-3990-4000+++
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.
Indian Market is likely to trade higher on hopes of more liquidity flowing into the markets as ECB promised to buy unlimited bonds subject to certain conditions. However the domestic political chaos has led to very pessimistic view in the pushing up of any reform measures in the near future. Monsoon session of the Parliament was totally disgusting and un-fateful. This has given a very weak signal to all investor community across the globe. However the proposed hike in Petrol prices, LPG and Diesel could do some thing positive to cut the widening fiscal deficit.
Coming weeks are very important as there will be certain events which have to play an important impact on the flow of funds in Indian Capital Market. IIP for the month of July 2012, then FOMC meet in US on 13th September, India's WPI number on 14th September will bear directly on the markets and RBI Credit Policy meet on 17th September.
Hence the week ahead is very very important for Indian Capital Market. Keep close eye on all the events lined up.........
Fund Managers and Investment Analysts believe that Indian Markets will keep on attracting global funds which are available due to ample liquidity. In the Short term Sensex could touch 18200-18400 & Nifty to 5500-5600.
Stock specific approach shall be the best for getting some gains in these volatile markets.
However one should keep some risk factors in mind. If the FED comes out some thing shocking or unexpected or RBI fails to cut rate in the coming meet could lead to sharp correction in Indices and stocks and then we could see Nifty coming back to 5000 levels. Hence on should be very very selective in stocks.
Technically, after making a low of 5215.60 on Tuesday, Nifty has given a strong pull back rally of almost 3%. Now it expected that this rally will continue to 5450.
If Nifty is able to survive above 5450 the up ward rally might continue to 5510 & 5630. However getting of strong resistance at 5450 and not being able to sustain above that might lead to profit booking by very short term derivative traders and Nifty may come back to 5300 levels.
FOR THIS WEEK: No trading Zone for the Nifty is 5300 to 5400.
BUY CE 5400 & CE 5500 or Nifty Fut:If Nifty survives above 5400 for the target of 5450 & 5510 keeping stop-loss of 5300.
Buy PE 5400 & PE 5300 or Short Nifty Fut: If Nifty breaks below 5300 for the target of 5250 & 5210 keeping stop-loss of 5400.
Following Stocks are best to trade & Invest( Delivery Holding Period: At least 45-60 days)
1. LT(1373.30): Buy for the target of 1400-1450-1500+++
2. Auro Pharma(129.60): Buy for the target of 150-160 +++
3. Sun Pharma(666.15): Buy for the target of 685-700-720++++
4.Tinplate(53.55): Buy for the target of 60-65++++
5. Themis Medicare(96.00): Buy for the target of 105-110-120-150++++( Long term holding will be very good)
6. Asian Paints(3770.00): Buy for the target of 3840-3910-3990-4000+++
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.
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