MARKET VIEW FOR THE WEEK 26TH NOV 2012 TO 30TH NOV 2012

In the past week Indian Stock Market ended the volatile session on flat note led by losses in interest rate sensitive stocks. Ending the week Sensex closed at 18506.57 and Nifty closed at 5626.60 with a loss of around 1%.

Going forward the Indian Stock market shall be volatile amid the ongoing winter session of the Parliament. Also some key economic data like Q3 GDP of US(Est.:2.80%) on 29th November and Q2 GDP of India(Est.:5.30%) on 30th November shall also be the key factors for the markets, to watch for.
The view for the market is clear, utilize any sharp correction or fall towards the levels of strong support (Which is around 5450 in terms of Nifty) in buying the quality and blue chip stocks.
Few experts, analysts and informers visualize the following stocks as worthwhile investing on correction:
L&T, SBI, HDFC, HINDUSTAN LEVER, GLAXO CONSUMER, CERA SANITARY, TTK PHARMA, ALEMBIC PHARMA, RALLIS, EXIDE, RELIANCE, RCOM, ZEE ENT, KTK BANK,  ETC.

Technically the views of various analysts could be summarized as:
"The daily chart of Nifty is showing that it has been moving in the range of 5540 and 5820 since last five weeks. We expect this movement would continue for another few days. If Nifty is able to maintain above 5820, an upward rally might continue to 5960-6040 in the short term. However a breach of 5540 is likely to take Nifty to 5450 levels in the extreme short term."

FOR THIS WEEK:
No trading zone for the Nifty is 5540 to 5650, which are support and resistance respectively. 

Buy Call Options (CE5600 & CE5700) if Nifty breaks and stays above 5650, keeping the stop-loss of 5540 for the target of 5730 & 5820.

Buy Put Options (PE5600 & PE5500) if Nifty breaks and stays below 5540, keeping the stop-loss of 5650 for the target of 5500 & 5450.

FOLLOWING STOCKS ARE GOOD IN DELIVERY HOLDING PERIOD 45-60 DAYS:

1. SUN TV (384.60): Buy at cmp or on correction for the target of 400-415-430+++

2. AXIS BANK(1254.80): Buy at cmp or on correction for the target of 1280-1320-1350

3. ZEE ENT(204.20): Buy at cmp or on correction for the target of 220-240++++

4. BHEL(224.65) : Buy at cmp or on correction for the target of 240-260++++

5. TATA GLOBAL BEV(163.20): Buy at cmp or on correction for the target of 200-225++++

ASTROLOGICALLY: Mercury becoming direct fro 26th Nov , is a good sign for the market to inch up, as Jupiter is retrograde, we can't expect any fire works till it gets support from any one of Neptune, Uranus or Pluto... so wait for some more time, say till Dec 2nd week to get some real up side, failing which Nifty shall be rising only after 31st March 2013, when Jupiter becomes direct........

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 12TH NOV 2012 TO 16TH NOV 2012

Indian stock market were in the subdued mode last week with some loss in indices. Global cues made the market weak towards the close of the week due to worsening sentiments on concerns about upcoming fiscal challenges for USA. Indices closed almost flat Sensex at 18683.68 (-0.04%) and Nifty at 5686.25(-0.18).

Going forward, it is seen that Indian market is not going out of the trading range, hence its clear that its waiting to get the cues from domestic events and winter session of parliament. IIP data, Inflation figures and some important global events could lead to volatile sessions ahead.
Every fall or dip is a buying opportunity and one must buy some good quality stocks on Muhurth Trading session on 13th Nov, 2012. Those who have been waiting for a correction and expecting a crash have already received a blow and those who are still expecting the same will be the biggest looser. May be the bull run in India has re-started and before the various smart men come on TV to declare that you must buy, it may become very late. The current correction in prices of non ferrous metals and crude prices shall be very helpful in the positive sentiment.

Technically the no trading zone for Nifty is 5600-5700.
Buy Nifty Calls or Future above 5700, with a stop-loss of 5600, for the target of 5850-5900-5925+++.
Buy Nifty Puts or short Futures below 5600, with a stop-loss of 5700, for the target of 5400-5350+++.

Kindly note that very short term trend is negative and Nifty may drop to 5670 and 5630 hence going long on dips may skew the price in favor of risk reward ratio.   

Following Stocks are good to buy for the medium term to long term:

1. GSK CONSUMER(3051.15): Buy for the target of 3500-4000-4500+++ VERY POSITIVE

2. L&T(1620.95): Buy for the target of 2000-2500-3000+++

3. BAJAJ AUTO(1852.05): Buy for the target of    2000-2500-3000+++++ VERY POSITIVE

4. RALLIS(148.55): Buy for the target of  170-200-250+++++

5. COAL INDIA(346.25): Buy for the target of  400-450-500-550++++

6. WOCKHARDT(1629.75): Buy for the target of  2000-2500-3000++++ VERY POSITIVE

7. VIVIMED LAB(349.70): 400-450-600-800-1000+++

8. SAINT GOBAIN(37.95): 45-50-60-70-80-90++++

9. BATA(855.45): 900-1000-1200-1500-1800++++

10. JUBLIANT FOOD(1344.10): Buy for the target of 1500-1800-2200-2500-2800+++. VERY POSITIVE

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 5TH NOV 2012 TO 9TH NOV 2012

Last week Indian stock market after volatile sessions ended half a percent higher due to strength in consumer durables , auto and health care stocks. There were no positive surprises from RBI side and the stock specific move was noticed. Sensex closed at 18755.45 & Nifty at 5697.70 almost half an inch higher than previous week. 

Going forward Indian markets will continue to trade in a range however this week may be a bit more volatile as US elections and host of quarterly results in heavy weights in banking, metal and mining space will drive the market. IT sector may also remain volatile due to outcome of US elections. I maintain buying in certain stocks like, DELTA, SBI, LT, GLAXO CONS, APOLLO TYRES, TRENT, etc.

Technically on weekly charts , both Sensex and Nifty has formed a bullish pattern and the target as per the formation of pattern is Sensex 20100 and Nifty 6200. These targets could be achieved only if Sensex stays above 18750 & Nifty above 5750. Hence any short term speculative/trading position on the long side should be made only when Nifty sustains above 5750 with the stop-loss of 5600. For those who are holding the long position as of now must keep 5600 as stop-loss. 

FOR THIS WEEK: No trading zone for the Nifty is 5600-5750.

Go long in Nifty above 5750 keeping 5600 as stop-loss for the target of 5790-5850-5900.

Go short in Nifty below 5600 keeping 5750 as stop-loss for the target of 5530-5450.

Note: Options of suitable strike prices could be selected to play on the movement on either side of the range 5600-5750, keeping the stop-loss of lower or upper limit as the case may be.



FOLLOWING STOCKS ARE GOOD TO BUY IN DELIVERY FOR THE SHORT TERM (45-60 DAYS):


1. LUPIN(578.70):Buy this share in delivery for both short term and medium term target for which is 630+ and 700+++. No stop-loss. Add on dips. 

2. PETRONET(171.70): Buy this share in delivery for both short term and medium term target for which is 198+ and 300+++. No stop-loss. Add on dips. 

3. FRESINUS KABI(96.15): Buy this share in delivery for both short term and medium term target for which is 105+ and 120+++. No stop-loss. 

4. AUROBINDO PHARMA(170.35): Buy this share in delivery for both short term and medium term target for which is 200+ and 280+++. No stop-loss. Add on dips. 

5. BATA INDIA(863.60): Buy this share in delivery for both short term and medium term target for which is 930+ and 1200+++. No stop-loss. Add on dips. 

6. KARUR VYASYA BANK(467.30): Buy this share in delivery for both short term and medium term target for which is 495+ and 600+++. No stop-loss. Add on dips. 

7. VIVIMED LAB(342.55): Must buy share in delivery for both short term and medium term target for which is 430+ and 500+++. No stop-loss. Add on dips. 

Astrological View: The Planetary positions are changing from 7th November 2012 to culminate around 18th December 2012, which show some bullishness in the markets. Nifty may move higher to 5800-5900-6100 range. Hence one should hold the long positions, with a strict stop-loss of 5600.

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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