The world markets spreads the green and adds market cap. The Nifty likely to open with a min.of 20points gap and continue to gain, a caution at the last hour may call for a selling pressure as we are coming from negative to positive. The Nifty fails to trade comfortable above 4193, can confirm the down move.
The RIL may tarde above 1706 and may touch 1721-23, the RCOM may find shorts covered above 501-03 and touch 513-15 level. The autos, cements and FMCG may find bottom fishing and the techs likely to advance. The ICICI good above 911 and Bharti above 821. The smaller banks participate in the move, IDFC and IDBI may move up.
Friday, June 15, 2007
Thursday, June 14, 2007
Comfortable consolidation for time being!
The markets made a comfortable consolidation for the time being as the Nifty
made decent up move with most of the stocks got good support at the bottom. The successful completion of the DLF issue and made a warm welcome to the ICICI.
Tomorrow it is likely that further advancing in the Nifty, could trade above 4193 in the opening and surpass the resistance of 4221. The good beginning is the up move from cements and pharma, both are under-performers for quite some time made decent up move in the days of distress. The mid-cap do well in future once the closure of ICICI issue.
To make every thing rosy, RIL shall trade above 1681-83, ONGC above 951-53, Infy above 1973-76, bharti above 906-05 and SBI above 1305-03.
made decent up move with most of the stocks got good support at the bottom. The successful completion of the DLF issue and made a warm welcome to the ICICI.
Tomorrow it is likely that further advancing in the Nifty, could trade above 4193 in the opening and surpass the resistance of 4221. The good beginning is the up move from cements and pharma, both are under-performers for quite some time made decent up move in the days of distress. The mid-cap do well in future once the closure of ICICI issue.
To make every thing rosy, RIL shall trade above 1681-83, ONGC above 951-53, Infy above 1973-76, bharti above 906-05 and SBI above 1305-03.
Make money from the markets?
Simply concentrate to make money from the markets no matter whether it is a short call or long call. A million dollar question- making a right call but the fact is as “The beauty of the markets is it offers money to every person who sails along the direction of move either side but one has to make a right call”. The motors are feeling the heat of interest rates and the banks fund rising measures dilute the earnings. But the power, Pharma and techs will do well.
The Nifty will has to trade above 4121 and cross 4149-51 level will happen with out much trouble. The ADRs good, buying will be good – Infy good above 1976 to a target of 2020, stop loss @ 1961, RIL good above 1683, RCOM above 491 tata steel above 596-98, Sail good above 129. IDFC and Idea will add good gains. The Media stocks will do well.
The Nifty will has to trade above 4121 and cross 4149-51 level will happen with out much trouble. The ADRs good, buying will be good – Infy good above 1976 to a target of 2020, stop loss @ 1961, RIL good above 1683, RCOM above 491 tata steel above 596-98, Sail good above 129. IDFC and Idea will add good gains. The Media stocks will do well.
Wednesday, June 13, 2007
Red across the globe, China an exception!
Red all over, the ADRs in red except ICICI. The Nifty likely to open below 4141 level and may test 4087 level. The stocks, except RIL, have become weak and RIL may not lead the rally as the skepticism spread over the streets. The frontline stocks may face sell off if Nifty fail to bounce back above 4111-4115 level after touching 4089-87. The mid-caps are sliding steep even there was some relief rally came late in the evening.
The RIL- 1693-91 support, resistance at 1713-15, RCOM weak below 501-503 and Bharti weak below 821. Tata steel has support at 589-91. Zeel good for delivery at 271.
The RIL- 1693-91 support, resistance at 1713-15, RCOM weak below 501-503 and Bharti weak below 821. Tata steel has support at 589-91. Zeel good for delivery at 271.
Tuesday, June 12, 2007
Will the up move continue..?.
As posted, the Nifty made no big gains nor lost much but added some hopes of strength with the big move from RIL. In the earlier posts it was mentioned that the support will come once SBI touches 1303-05 level and Nifty at 4087 level. The traders might have observered that the SBI touched 1305 which is a strong support and June series touched 4087 and then bounced back to 4155 level. The Tata steel and RIL have given decent returns to those on long and RCOM failed to trade above 506 touched 486 and Hindalco gave money to bears.
The up move is valid only when Nifty trades above 4186-89 level and the heavy weights should trade above the support levels. I request the viewers to consider the views for the day and some levels with special mention to be considered for 3-4 weeks. Now the markets are at the verge of the bull support. Unless a big move with 75-80 points single day rally in Nifty is happened with in 5-7 trading sessions it is likely that the markets fall by its own weight to 3680 level. I request
the readers to post thier comments and trading experinces.
The up move is valid only when Nifty trades above 4186-89 level and the heavy weights should trade above the support levels. I request the viewers to consider the views for the day and some levels with special mention to be considered for 3-4 weeks. Now the markets are at the verge of the bull support. Unless a big move with 75-80 points single day rally in Nifty is happened with in 5-7 trading sessions it is likely that the markets fall by its own weight to 3680 level. I request
the readers to post thier comments and trading experinces.
Asian markets negative bias, So we..?
The markets may take some time to change the on going correction. The bulls lost the opportunity to take the markets up in the yesterday trades. There is no big news emerged for today. So the stocks may trade in the trading range with positive bias, support from techs and energy sectors.
The Nifty shall not trade below 4123-4120 level to bid for a come back by crossing the 4166 and should trade above 4183 level to make the bears for a run. So long Nifty trades below 4156-59 level the bears build pressure.
RIL shall not trade below 1651 and should cross 1686; RCOM become weak if doesn’t cross 515 and trade below 506. Tata steel may bounce to 593-96 level; Zeel a good buy at 275-271 with a stop loss at 263-261. A correction can be expected in Hindalco to a level 156-155 level.
The Nifty shall not trade below 4123-4120 level to bid for a come back by crossing the 4166 and should trade above 4183 level to make the bears for a run. So long Nifty trades below 4156-59 level the bears build pressure.
RIL shall not trade below 1651 and should cross 1686; RCOM become weak if doesn’t cross 515 and trade below 506. Tata steel may bounce to 593-96 level; Zeel a good buy at 275-271 with a stop loss at 263-261. A correction can be expected in Hindalco to a level 156-155 level.
Monday, June 11, 2007
Late wipe out in the gains made!
The up move has become short lived which is a caution to bulls. The Nifty could easily cross 4200 but bears took the opportunity to beat the bulls. The real secret lies a head as “who is trapping whom”.
The technical outlook is positive on account of global up run in the stocks. The Indian markets corrected today could be stated as bottom building so long as the RIL trades above 1641-38, ONGC trade above 831-29, RCOM trade above 493-495 and SBI trade above 1309. The weak steels turn to post gains when Tata steel trade above 593-596. The BPO story is turning to a new script as KPO and Pharma will do their research as CRAMS. What ever we do with our knowledge will pour ‘Dollars’. So no panic alarms but certainly some disappointments.
The technical outlook is positive on account of global up run in the stocks. The Indian markets corrected today could be stated as bottom building so long as the RIL trades above 1641-38, ONGC trade above 831-29, RCOM trade above 493-495 and SBI trade above 1309. The weak steels turn to post gains when Tata steel trade above 593-596. The BPO story is turning to a new script as KPO and Pharma will do their research as CRAMS. What ever we do with our knowledge will pour ‘Dollars’. So no panic alarms but certainly some disappointments.
Up, up move in SENSEX!, run up in stocks!
The up move can be seen every where. It seems that the Nifty could easily cross 4200 and even crossing 4211-4221 could become no surprise as things stand out.
The technicals become positive if things move as stated above. The RIL shall trade above 1681-83, ONGC shall trade above 891-93.RCOM likely to cross the all time high. SBI likely to trade above 1389. The weak steels may post decent gains today. The techs bottom support are intact, so their run can spread to even small cap techs. The laggards are FMCG and autos.
The DLF and ICICI are not absorbing the money, instead bringing FII money and a big broadcast for Indian stock markets?.
The technicals become positive if things move as stated above. The RIL shall trade above 1681-83, ONGC shall trade above 891-93.RCOM likely to cross the all time high. SBI likely to trade above 1389. The weak steels may post decent gains today. The techs bottom support are intact, so their run can spread to even small cap techs. The laggards are FMCG and autos.
The DLF and ICICI are not absorbing the money, instead bringing FII money and a big broadcast for Indian stock markets?.
Up, up move in SENSEX!, run up in stocks!
The up move can be seen every where. It seems that the Nifty could easily cross 4200 and even crossing 4211-4221 could become no surprise as things stand out.
The technicals become positive if things move as stated above. The RIL shall trade above 1681-83, ONGC shall trade above 891-93.RCOM likely to cross the all time high. SBI likely to trade above 1389. The weak steels may post decent gains today. The techs bottom support are intact, so their run can spread to even small cap techs. The laggards are FMCG and autos.
The DLF and ICICI are not absorbing the money, instead bringing FII money and a big broadcast for Indian stock markets?.
The technicals become positive if things move as stated above. The RIL shall trade above 1681-83, ONGC shall trade above 891-93.RCOM likely to cross the all time high. SBI likely to trade above 1389. The weak steels may post decent gains today. The techs bottom support are intact, so their run can spread to even small cap techs. The laggards are FMCG and autos.
The DLF and ICICI are not absorbing the money, instead bringing FII money and a big broadcast for Indian stock markets?.
Up, up move in SENSEX!, run up in stocks!
The up move can be seen every where. It seems that the Nifty could easily cross 4200 and even crossing 4211-4221 could become no surprise as things stand out.
The technicals become positive if things move as stated above. The RIL shall trade above 1671-73, ONGC shall trade above 891-93.RCOM likely to cross the all time high. SBI likely to trade above 1389. The weak steels may post decent gains today. The techs bottom support are intact, so their run can spread to even small cap techs. The laggards are FMCG and autos.
The DLF and ICICI are not absorbing the money, instead bringing FII money and a big broadcast for Indian stock markets?.
The technicals become positive if things move as stated above. The RIL shall trade above 1671-73, ONGC shall trade above 891-93.RCOM likely to cross the all time high. SBI likely to trade above 1389. The weak steels may post decent gains today. The techs bottom support are intact, so their run can spread to even small cap techs. The laggards are FMCG and autos.
The DLF and ICICI are not absorbing the money, instead bringing FII money and a big broadcast for Indian stock markets?.
Sunday, June 10, 2007
Will the Nifty open above 4163 level?.
The clues from USA are more encouraging than expected in this short span. The Nasdaq and Dow recorded positive gains after a steep fall. So it is likely that Nifty on Monday could open with a positive gap and should close above 4191-93 which will wipe out the negative environment that created over the last 5 trading sessions. This time Sensex will have smooth run as the run up from techs, especially from Infosys. The Asian markets may also follow the big brother and the emerging markets out perform. In case the low of Nifty could not register above 4141, then there is some bear grip in the markets.
It seems the euphoria over ‘Nuclear’ (as of now No-clear) power generation has to wait for more than a year as things emerged now. So is the bullishness in BHEL, ABB, NTPC, REL, Tata Power, L&T and Punj Lloyd. Technically negative points worrying at this point were the weakness in Bharti, ICICI and Sail are trading far below their support levels along with cement and the auto sectors as a whole. The investors can start accumulating in Pharma and FMCG for a 50% rise with a time frame up to Sep-Oct-07. The stock specific levels on Monday.
It seems the euphoria over ‘Nuclear’ (as of now No-clear) power generation has to wait for more than a year as things emerged now. So is the bullishness in BHEL, ABB, NTPC, REL, Tata Power, L&T and Punj Lloyd. Technically negative points worrying at this point were the weakness in Bharti, ICICI and Sail are trading far below their support levels along with cement and the auto sectors as a whole. The investors can start accumulating in Pharma and FMCG for a 50% rise with a time frame up to Sep-Oct-07. The stock specific levels on Monday.
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