MARKET VIEW FOR THE WEEK 14TH MAY 2012 TO 18TH MAY 2012

LAST WEEK INDIAN MARKETS ENDED ON WEAK NOTE AND STARTED THE WEEK WITH NEGATIVE BIAS. THE CLARIFICATION ON 'GAAR' AND SOME MEASURES BY RBI TO CONTROL THE DECLINING RUPEE COULD NOT GIVE MUCH SUPPORT TO THE SENTIMENTS AND THE FIIs ARE RELENTLESSLY SELLING. MARKET BROKE ALL THE MAJOR SUPPORTS AND DAY BY DAY ITS TRENDING DOWN AND DOWN. 


AS SAID EARLIER I STICK ON THE SAME VIEW THAT THESE ARE THE SHORT TERM PHENOMENON AND MARKETS WILL GRADUALLY INCH UP AND SHALL BE IN THE BULL PHASE SOON. IT MAY HAPPEN THAT WE ARE LUCKY TO GET SOME LOWER LEVELS LIKE 4750-4850 WHERE WE CAN HAVE GOOD VALUE STOCK PICKS. 


FOR THOSE WHO ARE HAVING SOME CASH SHOULD KEEP ON ADDING LITTLE POSITION AND HOLD THE REST FOR SOME PERIODIC BUYING IN A PHASED MANNER. 


THE SHORT TERM RANGE FOR THE MARKET IS NOW 4800-5200 AND WE SHALL SEE NIFTY IN THE SAME RANGE IN MAY, WHERE THE MAY DERIVATIVE SETTLEMENT COULD TAKE PLACE NEAR 4800. THIS RANGE OF THE NIFTY WILL BE BROKEN ANY TIME AFTER JUNE FIRST WEEK ON THE HIGHER SIDE AND NIFTY SHALL MOVE TO 5400 & 5600. HENCE ANY DIP SHOULD BE USED TO BUY GOOD STOCKS AND STOCKS WHICH HAVE SOME IMPORTANT EVENTS AHEAD.


I HAVE SELECTED FOLLOWING STOCKS:
1. SBI
2. LT
3. DELTA CORP
4. CERA SANITARY
5. SAINT GOBAIN
6. MANGLORE CHEMICALS
7. HDFC
8. KENNA METAL


ASTROLOGICALLY: Markets shall start stabilizing any time after the 3rd week of May and shall start moving up and out of range 4800-5200 on the higher side after 1st week of June

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 7TH MAY 2012 TO 11TH MAY 2012

LAST WEEK INDIAN CAPITAL MARKET CLOSED ALMOST NEAR THE LOWEST IN LAST THREE MONTHS MAINLY ON TWO MAJOR CONCERNS DEPRECIATING RUPEE AND UNCERTAINTIES ON 'GAAR'. RUPEE FELL AGAINST DOLLAR TO 53.87 BEFORE CLOSING TO ITS ALL TIME LOW, WHICH IS MAINLY DUE TO HUGE OIL IMPORTS. UNCERTAINTIES OVER THE MAURITIUS TREATY AND GAAR WERE THE MAIN WORRIES AMONG THE FIIs DURING THE CLOSE OF THE WEEK. ALSO THE WEAK EUROPEAN MARKETS, WEEK END AND TECHNICAL BREAK DOWN, NIFTY BELOW 5130, TRGGERED THE SELLING IN INDICES AND MORE IN HIGH BETA STOCKS AND SECTORS LIKE  BANKING, METALS AND CAPITAL GOOD PERFORMED THE WORST. NIFTY CLOSED AT 5086.85 AND SENSEX AT 16831.08.


GOING FORWARD INDIAN MARKETS WILL BE VERY VOLATILE AHEAD AS CLARIFICATION ON GAAR IS EXPECTED ANY TIME EARLY THIS WEEK. ANOTHER MAJOR EVENT IS IIP DATA, SCHEDULED ON 11TH MAY. RBI HAS ANNOUNCED TWO MEASURES TO EASE FOREIGN CURRENCY FLOWS AND ALSO TO ENHANCE THE AVAILABILITY OF EXPORT CREDIT IN FOREIGN CURRENCY. SOME IMPORTANT RESULT LIKE HDFC, PANTALOON RETAIL, UNITED SPIRITS, KOTAK BANK ARE ALSO WORTH WATCHING.


FUNDAMENTALLY CURRENTLY NIFTY IS TRADING AROUND 14.59 TIMES OF FY12 EARNINGS AND 11.11 TIMES OF FY13(EST), WHICH CLEARLY SHOWS THAT WE ARE TRADING CHEAP. HENCE ANY DOWN SIDE BELOW 5000 LEVELS WILL BE BOUGHT AND GRADUALLY WE WILL SEE THE NORTHWARD JOURNEY ONCE THE INFLATION STARTS COOLING AND PENDING ISSUES CLEAR. 


HENCE I HAVE NO CHANGE IN MY PREVIOUS VIEW, WHICH REMAINS THE SAME--- " JUST KEEP ON ADDING THE SELECT STOCKS ON EVERY DIP". IF WE ARE LUCKY THEN WE WILL GET CHEAP MARKET AROUND 4950-4900 BUT CERTAINLY NOT VERY LUCKY TO GET IT AROUND 4800 OR 4700.


THESE DAYS EVERY ONE HAS STARTED TALKING ABOUT A CRASH ......... AND 4500-4000-3800 LEVELS, BUT KEEP IN MIND THAT EVERY THING WILL NOT END.......... AFTER THE RESULT SESSION WE WILL BE PRICING THE Q2 NUMBERS AND WE SHALL SEE THE POSITIVE SURPRISE IN IT.


I HAVE COME TO KNOW FROM A SOURCE THAT THE RANGE OF THIS MAY MONTH IS 4850-5400, WE ARE CLOSER TO AROUND 5050, HENCE THE CHANCES ARE HIGHER THAT WE WILL FIRST TOUCH 4900-4940 THEN 5400 LATER IF THE MARKETS GETS POSITIVE NEWS, AS EXPECTED. HOWEVER KEEP IN MIND THAT WE MAY TURN POSITIVE ANY TIME WHEN WE GET CLARIFICATION ON GAAR, HENCE SHORTING COULDN'T BE WISE AT THE LOWER LEVELS.....JUST ADD THE FEW FRONT LINE STOCKS( Only in Delivery) AND LIKE SBI, BHARTI, INFOSYS, TATA STEEL ETC AS THESE WILL HAVE SHARP RECOVERY ANY TIME.


ON FRIDAY NIFTY HAS BROKEN 200 DMA AT 5117, NOW IT WILL GET STRONG SUPPORT AT 5000. IF 5000 IS ALSO BROKEN SHORT TERM TREND WILL BECOME NEGATIVE AND NIFTY WILL SLIP TO 4940 OR EVEN TO 4850, HOWEVER, A BREACH OF 5350 WOULD INDICATE THE REVERSAL OF CURRENT TREND AND IN THAT CASE NIFTY WILL TEST THE LEVELS OF 5510 IN THE VERY SHORT TERM.HENCE TRADERS ARE ADVISED TO KEEP STRICT STOP-LOSS OF 5000 AND INVESTORS ARE ADVISED TO KEEP ON ADDING SOME SELECT FRONT LINE STOCKS.


FOR THIS WEEK: NO TRADING RANGE FOR THE NIFTY IS 5000-5190. 
BUY CE5100 & CE5200 IF MOVES AND SUSTAINS ABOVE 5190, KEEPING THE STOP-LOSS OF 5000 FOR THE TARGET OF 5250-5350.
BUY PE5000 & PE4900 IF NIFTY BREAKS 5000 AND MOVES BELOW, KEEPING 5190 AS STOP-LOSS FOR THE TARGET OF 4940 & 4850.


FOLLOWING STOCKS LOOKS GOOD TO BUY IN DELIVERY(45-60 DAYS):


1. RALLIS
2. KENNA METAL(Only in BSE)
3. TTK HEALTH
4. ARVIND
5. MANGALORE CHEM
6. TATA GLOBAL 
7. ING VYASYA BANK
8. SAINT GOBAIN
9. INOX 
10. SHASHUN CHEM 


NOTE: ALL THESE SHARES AND MANY OTHERS, WHICH  HAVE BEEN MENTIONED HERE IN THE PAST CONTINUE TO REMAIN AS POSITIVE AS ON THEM PREVIOUSLY.

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 30TH APRIL 2012 TO 4TH MAY 2012

IN LAST WEEK AFTER SPECIAL TRADING SESSION INDICES LOST AROUND 1%-1.5% DUE TO FALL IN THE PRICES OF RELIANCE, LT, BHARTI, ETC ALONG WITH THE VOLATILE GLOBAL CUES. LACK OF ANY POSITIVE TRIGGER AND NEGATIVE OUTLOOK GIVEN TO INDIA BY S&P, NO POSITIVE STATEMENT BY GOVERNMENT ON REFORMS AND UNCERTAINTY LOOMING OVER 'GAAR' AND TAXATION ON FIIs THERE WAS CHAOS AND MURKY SENTIMENT AMONG FIIs, WHO HAVE CONTINUOUSLY SOLD (ON NET BASIS) IN CASH MARKET.  HOWEVER DIIs WERE NET BUYERS IN THE ENTIRE WEEK IS SIGN OF RELIEF.  GLOBALLY FOMC RAISED U.S GDP GROWTH PROJECTION WHILE LOWERING THE ESTIMATES FOR UNEMPLOYMENT MADE U.S INDICES CLOSED HIGHER, BOJ EXPANDED IT MONETARY STIMULUS TO BOOST THE WORLD'S THIRD LARGEST ECONOMY AND SOUTH KOREA'S ECONOMY GREW FASTER THAN EXPECTED IN Q1CY12. ON SATURDAY SENSEX & NIFTY CLOSED AT 17134.25 & 5190.60


GOING FORWARD INDIAN MARKETS ARE LIKELY TO MOVE ON NUMBERS FROM AUTO AND CEMENT COMPANIES IN THE MAY FIRST WEEK AND RESULTS MAY KEEP ON AFFECTING THE PRICES OF STOCK SPECIFICS. 


THERE IS LOT OF WORRY AMONG RETAIL AS WELL AS BIG INVESTORS AND INSTITUTIONS TOO, THAT WHAT WILL HAPPEN IN NEAR TO MEDIUM TERM FUTURE SPECIALLY IF UPA GOVERNMENT FAILS COMPLETELY ON REFORM PROCESS & POLICY FRONT. THE RUN EXPECTED AFTER THE FIRST RATE CUT BY RBI ALSO FAILED TO TRIGGER THE STRONG UP MOVE AND IF THE MONSOON FAILS TO DELIVER GOOD RAIN AND DIESEL PRICES IF UNCONTROLLED COULD LEAD TO FAILURE IN FALL OF EXPECTED INFLATION RATE, WILL BE A CHAOTIC SITUATION, ETC ETC ARE MANY HAUNTING QUESTIONS IN EVERY BODY MIND.


HOWEVER IT SHOULD BE KEPT IN MIND THAT NIFTY IS TRADING AROUND 13 TIMES THE FY13 EARNINGS OF NIFTY(Actually the consolidated EPS of all Stocks in Nifty is Nifty EPS or Nifty Earnings). HENCE ON THIS BASIS ANY INDEX TRADING AT AROUND 13 TIMES TO ONE YEAR FORWARD EARNINGS IS CONSIDERED TO BE FAIR & JUSTIFIED VALUATION(5100-5300). HENCE THIS WILL KEEP THE INDEX FROM FALLING VERY STEEPLY BELOW 5100 ANY DIP BELOW 5100 WILL BE A VERY GOOD OPPORTUNITY TO ENTER IN THE SELECT STOCKS.


WHEN I SAY SELECT STOCKS IT MEANS STOCKS WHICH HAVE HUGE POTENTIALS TO OUT PERFORM THE MARKET IN MEDIUM TO LONG TERM. IT DOESN'T NECESSARILY MEANS FRONT LINE OR STOCKS IN LIME LIGHT. 


I ALWAYS ATTEMPT TO PUT BEFORE YOU WHAT EVER I COULD COLLECT FROM VARIOUS SOURCES, PROCESS IT, DISCUSS IT AND ANALYSE IT ON VARIOUS ANGLES BEFORE IT COMES IN THE NEWS AND MARKET PRICES-IN THAT INFORMATION OR NEWS. 


RECENTLY I HAVE GIVEN SEVERAL DE-LISTING THEMES LIKE ALFA LAVAL, THOMAS COOK, FKONCO, KENNA METAL, SAINT GOBAIN(SEKUSAI), ETC AND MANY OF YOU HAVE MADE HUGE MONEY IN THOSE STOCKS. ALSO I GIVE SEVERA STOCKS OF OTHER THEMES OF LONG AS WELL AS SHORT TERM. SOME TRADING STOCKS HAVE SOME OR THE OTHER NEWS, WHICH GIVES RETURN IN SHORT TERM. HOWEVER I NEVER RECOMMEND OR SUGGEST ANY MEMBER, READER OR FOLLOWER OF THIS BLOG FOR INTRA-DAY OR SPECULATIVE MOVES. ALL MY RECOMMENDATIONS REQUIRE PROPER DISCIPLINE, PATIENCE AND YOUR OWN INVEST-ABLE MONEY AND NOT THE BORROWED FUNDS. 


CONCLUDING, FUNDAMENTALLY INDIAN MARKETS ARE FAIRLY PRICED AND I DONT SEE ANY SIGNIFICANT DOWN SIDE AND EVEN IF SLIPS BELOW 5100 THAT WILL BE BEST OPPORTUNITY TO ACCUMULATE MORE AND MORE STOCKS. GOING FORWARD MARKETS WILL BE GUIDED BY DOMESTIC AND GLOBAL CUES AND THERE WILL BE GRADUAL UPSIDE AND NIFTY WILL BREAK THE TIGHT RANGE OF 5130-5350 ON THE HIGHER SIDE. HENCE I SUGGEST TO BUY THE SELECT STOCKS AT CURRENT LEVELS. INVEST AT LEAST 35%-40% IF YOU HAVE ANY FEAR AND LACK CONVICTION IN THE MARKET AT THIS TIME.


DAILY CHART OF THE NIFTY SUGGEST THAT IT HAS BEEN MOVING IN THE NARROW RANGE OF 5130-5350 SINCE LAST TWO WEEKS. I EXPECT THIS RANGE TO CONTINUE FOR ANOTHER FEW DAYS AND FINALLY BREAK. (My expectation is higher side). IF NIFTY CLOSES BELOW 5100 THEN 5050 & 4940 WILL BE SEEN, WHERE ONE CAN FULLY INVEST (I wish I could be lucky to get these levels as I understand that it will be below fair valuation and soon it will bounce back). HOWEVER ON THE HIGHER SIDE BREACH OF 5350 WILL LEAD TO SHARP SHORT COVERING AND VALUE BUYING AND NIFTY MAY REACH 5510 & 5630 ON VERY SHORT TERM. 
HENCE I SUGGEST BUYING WITH THE STOP-LOSS OF 5100 FOR ALL TRADERS & INVESTORS SHOULD NOT WORRY AT ALL AND KEEP INVESTING.


FOR THIS WEEK: NO TRADING RANGE(NTR) FOR THE NIFTY IS 5180-5290.


IF NIFTY BREAKS BELOW 5180 THEN BUY NIFTY PUTS(PE5200 & PE5100) WITH THE STOP-LOSS OF 5290 FOR THE TARGET OF 5130 & 5100.


IF NIFTY SUSTAINS ABOVE 5290 THEN BUY NIFTY CALLS(CE5300 & CE5400) WITH THE STOP-LOSS OF 5180 FOR THE TARGET OF 5350 & 5430.

FOLLOWING STOCKS ARE GOOD FOR BUYING IN SHORT TERM DELIVERY(45-60 DAYS) AND FUTURES AS POSITIONAL(5-14 DAYS):


1. GODREJ IND FUTURE(270.80): BUY IN POSITIONAL TRADE FOR THE TARGET OF 280-295-310++++. KEEP STOP-LOSS OF 260.


2. DR REDDY'S FUTURE(1801.85): BUY IN POSITIONAL TRADE FOR THE TARGET OF 1840-1860-1880++++. KEEP STOP-LOSS OF 1770


3. ATUL LIMITED(199.95): BUY IN DELIVERY FOR THE TARGET OF 230-250++. NO STOP-LOSS NEEDED.


4. DCM LIMITED (103.00): BUY IN DELIVERY FOR THE TARGET OF 130-140++ . STOP-LOSS OF 85 NEEDED(OPERATOR DRIVEN STOCK).


5. COROMANDEL INT (262.45): BUY IN DELIVERY FOR THE TARGET OF 300-310+++ . NO STOP-LOSS NEEDED.


6. PIRAMAL GLASS(109.60): BUY IN DELIVERY FOR THE TARGET OF 120-130+++. NO STOP-LOSS NEEDED


I SUGGEST HOLD ON ALL PREVIOUSLY SUGGESTED STOCKS LIKE:


FKONCO, KENNAMEATL, THOMAS, KSL, SKUMAR, MC-DOWELL, CERA SANITARY, JAMNA AUTO, GRAPHITE, RALLIS AND MANY OTHERS.

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 23RD APRIL 2012 TO 27TH APRIL 2012

IMPORTANT NOTICE

 EVERY READER, MEMBER & FOLLOWER OF THE BLOG IS INFORMED THAT FROM THE NEXT WEEK ONLY THE MEMBERS OF THE BLOG WILL HAVE ACCESS TO THE CONTENTS/POSTINGS/NEWS/ INFORMATION /TIPS ETC. THOSE WHO ARE NOT MEMBERS YET SHOULD JOIN THE BLOG IMMEDIATELY AND MAIL THEIR NAME & EMAIL ID TO "vikas198012003@yahoo.co.in" or sms at "09335976722". FROM NEXT WEEK YOU NEED TO LOGIN USING THE SAME EMAIL ID AND PASSWORD. 

EVEN AFTER THE UNEXPECTED REPO RATE CUT BY RBI IN ITS ANNUAL MONETARY POLICY BY 50bps ABOVE GENERAL CONSENSUS OF 25bps INDIAN  STOCK MARKET DIDN'T SHEW DESIRED ENTHUSIASM AND CLOSED THE WEEK BY DISMAL GAIN OF 1.6% EACH, SENSEX & NIFTY SHUT SHOP AT 17373.84 & 5290.85. INDIA'S INFLATION RATE FOR THE MONTH OF MARCH WAS 6.89% AGAINST 6.95% FOR FEBRUARY 2012. IN A MOJOR DEVELOPMENT ON THE GLOBAL FRONT THE GROUP OF 20 NATIONS HAS PLEDGED USD $430 BILLION TO I.M.F, MORE THAN DOUBLING ITS CAPACITY TO PROTECT THE WORLD ECONOMY FROM THE IMPACT OF EURO-ZONE'S DEBT CRISIS.


IN THE EVENTFUL WEEK AHEAD, INDIAN MARKET IS LIKELY TO MOVE A RANGE WAITING FOR SOME MORE GLOBAL CUES TO CLEAR THE DIRECTION OF MARKETS FOR THE SHORT TO MEDIUM TERM. FOMC MEETING ON 25TH APRIL, GDP DATA OF US AND UK, PMI DATA IN GERMANY AND F&O EXPIRY ON 26TH APRIL 2012 WILL BE THE KEY EVENTS TO WATCH , WHICH MAY HAVE THEIR IMPACT ON VOLATILITY AND DIRECTION. Q4 CORPORATE RESULTS WILL HAVE IMPACT ON INDIVIDUAL COUNTERS AND SECTORS. TCS, STERLITE, ICICI BANK, JINDAL STEEL, WIPRO ARE SOME IMPORTANT RESULTS TO WATCH FOR.
IN THE SHORT TO MEDIUM TERM INFLOW OF GLOBAL FUNDS TO INDIAN MARKETS WILL KEEP THE MARKET BUOYANT AND EVERY DIP WILL BE A BUYING OPPORTUNITY.


THERE ARE MANY CONCERNS ABOUT THE FUNDAMENTALS OF THE ECONOMY AND THEY WILL KEEP ON GOING HOWEVER A LIQUIDITY AND INFLOW OF FUNDS WILL KEEP ON HOLDING THE MARKETS. CURRENTLY NIFTY IS AT AROUND 13 TIMES THE FY2013 EARNINGS, EXPECTATION OF DECLINING INFLATION, LOWERING INTEREST RATE AND SOME HINT OF POLICY ACTION BY THE UPA LED CENTRAL GOVERNMENT  MAKES THE MARKETS CHEAP. ANY DOWN SIDE ABERRATION TO THE FAIR VALUATION IS DEFINITELY A BUYING OPPORTUNITY. SELECT STOCK PICKS FOR MEDIUM TO LONG TERM PORTFOLIO BUILDING SHALL BE HIGHLY REWARDING. HENCE ANY DIP TO 5200-5000-4950 SHALL BE A VERY GOOD BUYING OPPORTUNITY.


MANY PEOPLE ARE WORRIED AND CAUTIOUS  ABOUT THE MARKET IN THE SHORT TERM REFERRING TO THE VARIOUS SITES PUBLISHING ARTICLES AND TECHNICAL ANALYSIS THAT MARKETS WILL CRASH DOWN TO 4500-4000 LEVELS AND TO REPLY THEM IN ONE GO "ITS A BEST BUYING OPPORTUNITY OF A LIFE TIME, IF YOU GET".....


MY DEAR READERS, STOCK MARKETS BEHAVE ON FUTURE ACTIONS AND ANTICIPATIONS AND THAT SEEMS TO BE PROMISING IN INDIAN CONTEXT. DON'T BE PANIC AND NERVOUS, JUST KEEP ON INVESTING IN SELECT STOCKS AND FORGET WATCHING THE INDEX AND ASSESSING THE SHORT TERM MOVES OF INDICES....... JUST BUY & BUY.............FOR THE STEEP FALL AND DOOMS DAY. 
AS FAR AS I AM CONCERNED I AM REGULARLY BUYING AND CHURNING THE PORTFOLIO AND GROWING MY MONEY RATHER THAN WATCHING AND GAUGING THE NEXT MARKET MOVES.


TECHNICALLY: FOR LAST TWO WEEKS NIFTY HAS BEEN MOVING IN A NARROW RANGE OF 5130 & 5350, WHICH IS EXPECTED TO REMAIN IN THE SAME RANGE FOR NEXT 2-3 TRADING SESSIONS. IF NIFTY BREAKS 5130 ON THE DOWN SIDE AND MOVES BELOW IT, THEN IT COULD TEST 5050 & 4950. HOWEVER ON THE OTHER SIDE IF NIFTY MANAGES TO MOVE ABOVE 5350, THEN 5530 & 5610 WILL BE SEEN.


FOR THIS WEEK: THE NO TRADING ZONE  FOR NIFTY IS 5220 TO 5350. HENCE FORGET THIS ZONE FOR ANY KIND OF INDEX SPECULATION.


BUY CE5400 & CE 5500: IF NIFTY MOVES/SUSTAINS ABOVE 5350 KEEPING THE STOP-LOSS OF 5130 FOR THE TARGET OF 5420-5510.
BUY PE5200 & PE5100: IF NIFTY FAILS TO HOLD 5220 AND BREAKS BELOW IT, KEEPING THE STOP-LOSS 5350 FOR THE TARGET OF 5180-5130.




FOLLOWING STOCKS ARE BEST PICKS FOR 45-60 DAYS IN DELIVERY AND FOR ALSO SOME SHORT TERM PLAYERS  :


1.TTK PRESTIGE FUTURE(3506.15)-MAY SERIES: BUY FOR THE TARGET 3600-3700+++, KEEP 3440 AS STOP-LOSS IF YOU HAVE EITHER LESS MTM OR WEAK HEART [MUST BUY]


2.M&M FUTURE(731.60)-MAY SERIES: BUY FOR THE TARGET 750-770+++, KEEP 700 AS STOP-LOSS IF YOU HAVE EITHER LESS MTM OR WEAK HEART [MUST BUY]


3.SCHNEIDER ELECTRIC(534139)-CMP:94.55: BUY THIS SHARE FOR NEXT 120-150 DAYS HOLDING FOR THE FINAL TARGET OF 150-160+++


4. CERA SANITARYWARE(532443)-CMP: 255.00:BUY THIS SHARE FOR NEXT 120-150 DAYS HOLDING FOR THE FINAL TARGET OF 350-400+++


5.KALYANI STEELS LTD(500235)-CMP63.40: BUY THIS SHARE FOR NEXT 30-45 DAYS HOLDING FOR THE FINAL TARGET OF 80+++.


6.JAMNA AUTO(520051)-CMP171.50: BUY THIS SHARE FOR NEXT 30-45 DAYS HOLDING FOR THE FINAL TARGET OF 190-225 +++.




ASTROLOGICALLY: Its very good planetary situation coming on the sky soon. We may have a north ward moving market and specific stocks from the mid of the 2012............. So be ready with your money to multiply.........

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 16TH APRIL 2012 TO 20TH APRIL 2012

WEAK RESULT & POOR GUIDANCE BY INFOSYS, INDICATIONS OF TSUNAMI IN INDIA DUE TO EARTHQUAKE IN INDONESIA, DISAPPOINTING IIP DATA AND WEAK GLOBAL CUES LED TO THE INDIAN EQUITY MARKETS TO END ON THE LOWER NOTE IN SECOND CONSECUTIVE WEEK. SENSEX & NIFTY CLOSED ALMOST 2% LOWER ON WEEKLY BASIS AT 17094.51 & 5207.45 RESPECTIVELY. BSE MID-CAP & SMALL-CAP INDEX ALSO FELL ALMOST 2% LOWER.

AS ALREADY MENTIONED IN THE PAST WEEK THAT MARKETS WILL HOLD THE KEY LEVEL SUPPORT AND TRADE IN A TIGHT RANGE AHEAD OF RBI MONETARY POLICY  SCHEDULED ON 17TH APRIL.

AN IMPORTANT WPI INFLATION DATA ON 16TH APRIL AND RBI POLICY ACTION ON 17TH APRIL WILL NOW DECIDE THE FATE OF THE MARKET IN VERY SHORT TERM, SAY FOR A WEEK. IF RBI COMES ONLY WITH THE CRR CUT, Chance of which is high, THEN THERE WILL BE LITTLE EASE IN THE BANKING SECTOR AND WE COULD SEE A MOMENTUM COVERING, HOWEVER ANY CUT IN INTEREST RATE (Repo or Reverse Repo) COULD LEAD TO A SHARP RALLY ON BOURSES, WHICH COULD LEAD NIFTY TO 5650++ LEVELS. KEEP CLOSE EYE ON MOVEMENT OF INTEREST RATE SENSITIVE SECTORS LIKE BANKING AND REALITY.  

RESULTS OF MAJOR COMPANIES LIKE RIL, HDFC BANK, CAIRN, JINDAL POWER, ACC WILL KEEP THE MARKETS VERY VERY VOLATILE.

IN CONCLUSION THE KEY EVENT TO WATCH ARE INFLATION FIGURES & MONETARY POLICY....... KEEP CLOSE EYE ON IT.............. TO GET THE FUTURE OUTLOOK OF THE MARKET.........

NOTE THE LEVELS VERY CAREFULLY , 5130 & 5330. IF NIFTY CLOSES BELOW 5130 NIFTY MAY COLLAPSE TO 4970-4950 ON THE OTHER SIDE A CLOSE ABOVE 5330 WILL TAKE NIFTY TO 5400 & 5510 IN THE VERY SHORT TERM. HENCE ITS RECOMMENDED TO BUY AND KEEP SHORT TERM LONG POSITIONS WITH A STRICT STOP-LOSS OF 5130.

FOR THIS WEEK:  NO TRADING RANGE FOR THE MARKET IS 5130 AND 5270. NOTE THAT IN THIS RANGE NIFTY WILL BE VERY VOLATILE & UNCERTAIN, HENCE THOSE WHO TRADE WILL CERTAINLY LOOSE MONEY.

Every day I reply hundreds of queries on Nifty direction and I tell every one to check the No- Trading Range(NTR) before asking. Please don't ask me the same repeated question without fully reading the blog........

BUY CE5300 & CE5400 IF NIFTY MOVES ABOVE 5270 , KEEPING STOP-LOSS OF 5130 FOR THE TARGET OF 5330 & 5400

BUY PE5100 & PE5000 IF NIFTY SUSTAINS BELOW 5130, KEEPING STOP-LOSS OF 5270 FOR THE TARGET OF 5050 & 4970.

NOTE: ALL NIFTY TRADERS ARE ADVISED TO STRICTLY FOLLOW THE ABOVE POINTS AND SAVE THEM SELVES FROM A BIASED TRADES....


FOLLOWING STOCKS LOOK GOOD TO INVEST (DELIVERY ONLY) FOR THE SHORT TERM OF 45-60 DAYS HOLDING: 




1. GRAPHITE(92.60): BUY AND ADD ON THE DIP FOR THE TARGETS OF 98-110-126+++++


2. HONEYWELL AUTO(2991.25):BUY AND ADD ON THE DIP FOR THE TARGETS OF 3200-3400++++

3. PIRAMAL CLASS(111.80):BUY AND ADD ON THE DIP FOR THE TARGETS OF  

4.RALLIS(128.30):BUY AND ADD ON THE DIP FOR THE TARGETS OF 136-141++++( MUST BUY) 

5. SAINT GOBAIN(51.00):BUY AND ADD ON THE DIP FOR THE TARGETS OF 55-60-65+++

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.