MARKET VIEW FOR THE WEEK 11TH APRIL 2011 TO 15TH APRIL 2011

MARKET CORRECTED ON FRIDAY CLOSING NIFTY TO 5842 & SENSEX TO 19451.45 DUE TO CRUDE OIL SUSTAINING THE $125. ANALYSTS BELIEVE THAT CRUDE SUSTAINING AT THESE LEVELS FOR QUITE SOME TIME MAY BRING THE MARKET DOWN TO 5400-5500.


HOWEVER THE CURRENT FALL IS ON EXPECTED LINES AND COULD SEE NIFTY TOUCHING TO 5780-5750 AS MENTIONED SOME DAYS BACK. NOW ITS IMPORTANT TO SEE THAT WHETHER THE MARKET RISES BACK AFTER NORMAL CORRECTION, FROM 5750 LEVELS OR STARTS TAKING MORE DEEPER CUT TO 5550-5600. 


FOR THOSE WHO HAVE CASH IN HAND SHALL WAIT FOR 5750-5780 AND START BUYING/INVESTING FROM THESE LEVELS.


FOLLOWING SHARES ARE GOOD TO BUY FOR DELIVERY IN THE SHORT TERM:


1. Suraj Diamond


2. SKumar


3. Tinplate


4. Kajaria


5. Fedders LLyod


6.Orchid 


7. MLL


8. Canfin Home

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 8TH APRIL 2011

Note: Attention all members and visitors:
Kindly keep checking the blog after 12 PM daily as there will be stock ideas and updates after 11.00am to get the HOT PICK


MARKET REMAINED IN A NARROW RANGE OF CONSOLIDATION FOR THE 3RD DAY. NIFTY ENDED DOWN AT 5885.70 AND SENSEX AT 19591.18. THIS CONSOLIDATION MIGHT CONTINUE FOR NEXT 5-8 TRADING SESSIONS AND THERE AFTER WHEN THE Q4 NUMBERS START DROPPING IN THEN THE MARKET WILL TAKE FRESH CUES & DIRECTION. THE RANGE FOR THE CONSOLIDATION SHALL BE 5750-5950.


CATCHUP RALLY IN THE BROADER MARKET SHALL HEAD THE MARKET TO 6200-6300 LEVELS AND THEN AFTER 4-5 MONTHS MARKETS SHALL GO BEYOND 6300.HOWEVER THIS IS PREEMPTIVE RALLY. MARKET IS ANTICIPATING THAT CRUDE OIL PRICES WILL CORRECT AND INFLATION WILL COME DOWN. HENCE ITS A PREEMPTIVE CALL THAT CRUDE OIL & OTHER COMMODITY PRICES WILL NOT SURVIVE AT THESE LEVELS AND SPECULATIVE MOVES SHALL NOT SURVIVE FOR LONG TIME, THERE WILL BE PULL BACK. INFLATION IS CONSIDERED TO BE PEAKED OUT AND THERE WILL BE SLOW DOWN IN THE RATE BY NEXT 5-6 MONTHS. AS THE STOCK MARKET ANTICIPATES THE 6 MONTHS EVENTS/MOVES THERE IS STRONG MOMENTUM BEING BUILT MAKING THE SENTIMENT UNDERTONE BULLISH. ITS CLEARLY VISIBLE THAT SMALL-CAP & MID-CAP INDEX IS OUT PERFORMING THE LARGE CAP INDEX & STOCKS, SHOWING THE PREPARATION FOR A BLOW-OFF RALLY IN DAYS TO COME IN LARGE CAPS. NIFTY MAY HIT 6200-6300 ON ANY GOOD NEWS IN Q4 EARNING NUMBERS AND OIL COOLING DOWN.


ITS GOOD TIME TO MAKE MID-CAP PORTFOLIO TO GET THE OUT PERFORMANCE AS THE LARGE CAP ARE IN CONSOLIDATION MODE. HENCE ANY CORRECTION TO 5700-5650 SHOULD BE USED TO BUY MID-CAP STOCKS. I.T AND BANKING SECTOR SHOULD BE AVOIDED FOR FRESH ALLOCATION IN LARGE CAP AS THERE IS ALREADY FAIR VALUATIONS IN THESE STOCKS LIKE SBI, ICICIBANK, HDFCBANK, LIC HOUSING FIN, ETC..


ARGUMENTS IN FAVOR OF MARKET MOMENTUM:


1. FIIs are the net buyers in cash market for last 3-4 trading sessions continuously.


2. Strong market breadth, shows wider market participation.


3. Low global Volatility showing returning confidence in equity and settlement of geo-political crisis.


ARGUMENTS AGAINST THE MARKET MOMENTUM:


1.Stock Futures have seen start of adding open interest (OI), which is dangerous for the markets as the series will become heavy and could trigger correction any time, giving away the momentum in the stocks and index.


2. High commodity prices may hurt the sentiment once again if they continue to sustain for longer period than expected. Any bad Global news, geo-political unrest might cause more hike in crude oil prices which may leave the FIIs to re-assess the situation on Indian front.


3. DIIs remain the Net sellers is also a cause of worry. There could be some correction trigger, may be domestic or global, which might pull back the index to 5600 levels, giving an opportunity for re-entry for those who were left overs.




TODAY CAUTION SHOULD BE TAKEN FOR INTRA-DAY TRADES AS AT THE END OF THE WEEK THERE COULD BE SELLING PRESSURE WHICH MIGHT LEAD NIFTY TO 5800 LEVELS. HOWEVER IF NIFTY SUSTAINS THE 5900 LEVEL AT THE END OF THE DAY, THERE MAY BE SOME INDEX RALLY TO 5950-5980 LEVELS ANY TIME DURING THE NEXT WEEK.


SHIPYARD AND FERTILIZER STOCKS LOOK GOOD TO ACCUMULATE. FOLLOWING STOCKS ARE WORTH LOOKING FOR DELIVERY BUY FOR NEXT 30-60 DAYS.


1. ABG SHIPYARD(400.10): STOCK MAY HIT 430-480 LEVELS.


2. BHARTI(357.00): STOCK MAY HIT 380-410 LEVELS SOON.


3. ZUARI IND(671.95): STOCK MAY HIT 720-780.


4. IVRCL (94.50): STOCK MAY HIT 105-110++ LEVELS SOON.

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 7TH APRIL 2011

MARKET REMAINED IN A RANGE BOUND MOVEMENT, A CONSOLIDATION MODE. NIFTY CLOSED AT 5891 & SENSEX AT 19612.
NOW A BILLION DOLLAR QUESTION IS- WHETHER THE MARKET HAVE STARTED CONSOLIDATION OR CORRECTION? 


ARGUMENTS IN FAVOR OF THE MARKET MOMENTUM:
1.There is a strong market breadth, which means that the current rally is not a narrow and now it is in consolidation mode after a strong run for past 9-10 trading sessions.


2.FIIs are net buyers and they are consistently buying in cash markets. This shows that the India is getting allocation from foreign funds on the basis of fundamentals and there remains very low risk of bad news.


3.Brokerages have started upgrading the companies, reflects the confidence that in the near term markets will rise, hence the current fall is consolidation, which may not be a deep correction.


ARGUMENTS AGAINST THE MARKET MOMENTUM:


1.Stock Futures have jumped, showing that there is selling in the cash market in Nifty Stocks, which may spoil the party if it continues.Mid-Cap & Small-Cap have started rising,after a very narrow rise in frontlines Large-Cap stocks, this is not a healthy sign for strong move in near term.


2.Large Cap stocks are falling, or they are not advancing, showing that the market(Nifty) has reached the near term top (5900-5950) and there could be a correction trigger, ahead of Q4 results, if the result estimates are not as per the current market prices, justifying them.


3. Fuel Prices may rise as the crude is reaching the 2 years top. This may fuel the cost push inflation, which the markets will price in with sharp correction.


NOW TO GET THE NERVE, ONE SHOULD LOOK-IN FOR 1-2 WEEKS FROM NOW. NIFTY IS NOT EXPECTED TO TAKE A SHARP CORRECTION IN NEAR TERM, BELOW 5600. HENCE THE NEW RANGE REMAINS 5600-6000. BOOK PROFITS IN FRONTLINE AND MID-CAP HOLDING, AROUND 5900-5950, WHICH ARE GIVING PROFIT AND WAIT FOR THE NEXT TRIGGER ESPECIALLY THE Q4 RESULTS.
ANY DIP TO 5800-5750 SHOULD BE USED TO BUY QUALITY STOCKS , BOTH IN FRONTLINE AND MID-CAP SPACE. IF THE FALL CONTINUES BELOW 5750 TO 5700-5650 THEN THE CURRENT PAUSE WILL BE TERMED AS CORRECTION AND SHOULD BE USED TO ENTER THE SELECT LARGE CAPS, LIKE RELIANCE, SBI, ICICI, ONGC, INFOSYS, ETC


WHATEVER THE STOCKS HAVE BEEN MENTIONED IN THE PAST FEW DAYS ARE THE RECOMMENDATION FOR THE REMAINING WEEK. BUY ON FALL AND SELL ON RISE IN THE RECOMMENDED COUNTERS.

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 6TH APRIL 2011

MARKET WITNESSED PROFIT BOOKING ON INTRA-DAY BASIS AND RECOVERED AT THE END OF THE DAY. NIFTY MANAGED TO CLOSE ABOVE 5900 SHOWS THAT MARKET IS UNDERTONE BULLISH, DUE TO LIQUIDITY FLOW-IN.


MIDCAP SPACE SAW LOT OF ACTION AND THERE REMAINS MORE UPSIDE POTENTIALS TILL IN INDEX TILL 6000-6040. ANY DIP SHOULD BE USED TO BUY THE SELECT STOCK IN FRONTLINE & MID-CAP.
 FOLLOWING STOCKS LOOKS GOOD TO TRADE(DELIVERY/INTRA-DAY):


1.PHOENIX MILLS(191.55): BUY IN DELIVERY FOR A VERY SHORT TERM TARGET OF 215++


2. CIPLA(321.20): BUY IN DELIVERY FOR A VERY SHORT TERM TARGET OF 360++


3. MARUTI(1310.85): BUY IN DELIVERY FOR A VERY SHORT TERM TARGET OF 1400-1430


4. V-GAURD IND(180.10): BUY IN DELIVERY FOR A VERY SHORT TERM TARGET OF 200-210++


5. WIMPLAST(187.00): BUY IN DELIVERY FOR A SHORT TERM(40-45 DAYS) TARGET OF 210-220+++


6.THERMAX(665.00): BUY IN DELIVERY FOR A VERY SHORT TERM TARGET OF 700-720+++


FOLLOWING STOCKS ARE REPEATED TO BUY FOR DELIVERY:


1.ORCHID:    TARGET 330-340++++
2.SURAJ DIAMOND: TARGET 66-75-80+++
3.CANFIN HOME: TARGET 120-128-135++++
4.CHAMBAL FERT TARGET 86-88-90++++
5.FEDDERS LLYOD TARGET 90-98-102+++

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 5TH APRIL 2011

AFTER THE SETTLEMENT ABOVE 5800 NIFTY MANAGED TO SUSTAIN ABOVE 5800 FOR CONSEQUENTLY  TWO TRADING SESSIONS EVEN CLOSED ABOVE 4900 SHOWS THAT THE TRANSITION OF THE MARKET TO BULL PHASE HENCE ANY DIP TO 5700-5600 LEVELS SHALL BE USED TO ENTER THE FRONT LINE STOCKS AND MID-CAP STOCKS WHICH MAY GIVE MUCH VALUE IN 2-3 MONTHS.


 FOLLOWING STOCKS ARE GOOD TO BUY IN DELIVERY FOR SHORT TO MEDIUM TERM:(HOLD OR BUY EVEN BELOW STOP LOSS)


1.NMDC(299.00):BUY THIS STOCK WITH SL OF 290 TARGET 305-310-318


2.ORCHID(320.90):BUY THIS STOCK WITH SL OF 308 TARGET 325-340


3.MLL(42.85):BUY THIS STOCK WITH SL OF 40 TARGET 45-48


4. TINPLATE(72.50):BUY THIS STOCK WITH SL OF 68 TARGET 78-85-90++


5.KAJARIA (77.95): BUY THIS STOCK WITH SL 73 OF TARGET 85-90.


6. SURAJ DIAMOND(56.15):BUY THIS STOCK WITH SL OF 50 TARGET 68-75-80++ (2 MONTHS BUY.WAIT FOR STOCK/SECTOR RE-RATING)


7.HIND RECTIFIER(47.50):BUY THIS STOCK WITH SL OF 42 TARGET 52-56-65


8. FEDDERS LLYOD(87.00):BUY THIS STOCK WITH SL 80 OF TARGET 96-105+++


9.HEXAWARE TECH(69.90):BUY THIS STOCK WITH SL 65 OF TARGET 78-85


10.CHAMBAL FERT(83.35): BUY THIS STOCK WITH SL 80 OF TARGET 88-90 VERY POSITIVE++++++[ONE CAN EVEN BUY FUTURE]


11.KFA(44.25):BUY THIS STOCK WITH SL OF  41 TARGET 48-52+++++[ONE CAN EVEN BUY FUTURE]


12.SKUMAR(62.00):BUY THIS STOCK WITH SL OF 56 TARGET 68-72+++++[ONE CAN EVEN BUY FUTURE]

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.