The markets may take a down turn?

The issue of RIL gas and the post US and present Asian downturn may engulf the Indian markets and likely to correct the Nifty to a level of 4229-31 as closing. In case RIL trades below 1738, the above condition is double sure. The late bounce back in the Techs can continue and the majors will add 1%+ gains. The SBI may correct 1-2 % and the rest of the banking sectors.
The Nifty shall not cross 4281-83 levels and shall trade below 4251 in the first half an hour will give strength to bears. The Bharti struggling to trade above 826 is a negative sign. RCOM shall not trade above 521level and the low shall be below 515 to short sell. The Tata steel shall not cross 615-16 to see it at 591-89 levels.

The US worries likely to spread?

The world pays much attention to US and their worries are likely to affect the markets across the globe as series concerns are brewing.The Nifty shall trade above 4263 in the opening and shall try to cross 4281 in the first one-hour. The low shall not breach 4235-33 to continue the bull movement otherwise it is likely that the Nifty may touch 4189-91 levels. So try to focus on the weak counters like RCOM if it does not pierce 515 on higher side and trades below 506. The RIL trades below 1729, ONGC below 915 and the banks likely to correct, focus on ICICI and Relcap. Incase of up move focus on Idea gains momentum, good for del. above 118

The story in tact!

The viewers might have observed that the fall on Monday is to trap the bears on Tuesday and on wednesday, with a gain of nearly 340 points in Sensex and nearly 102+ points in Nifty has made the scenario to pessimism to neutral .In the earlier posting stated that a 70 point rally in Nifty is mush need has been fulfilled yesterday and the cushion of 35 points is available to bulls.
The situation at Nifty is comfortable to bull but not a warning call to the bears. The real threat comes once Nifty trades above 4263 and cross 4281 levels and as usual RIL shall trade above 1761-63 levels. There is neither a big threat to the bears nor a full advantage to the bulls. The perpetual “net-coonectivity” problems forcing me to stay away to provide the updates in the evening by 6 pm and morning by 9 am. Please try to read the old posts and write your comments, views for other views to learn more as an interactive learning by sharing.

Can we neck out?

The global cues are flat, no big favour to either. So our markets exit the true colour of movement. The ADRs are in red, especially the tech group. So the movement in line with the global move with negative bias or can we emerge to neck out. The markets are creating a platform for slaughtering, but whether bulls or bears that dictate the terms are the question at this point in time. The Nifty shall not trade below 4121-4123 levels for a positive move. The RIL shall trade above 1681 level and it could bring long call and faith in the markets if it closes above 1701-03 and ONGC closes above 903.
For today, as the global cues are in favour of bears- so the heavy weights are weak when they trade below, RIL below 1673, ONGC below 881, SBI below 1306-08, Infy below 1981, RCOM 493, Bharti below 809-811.
Tata steel long above 598 and Sail above 135. The markets may move up or down but the FMCG group find buying support and cements also consolidate.Tata motors and M&M in news with new product launches and CAIRN with its exploration.

Is this fall can trap the bears?.

The Nifty is trading with in this range for last 8 trading sessions and the heavy weights are moving nowhere from where they have started. The moves are very range bound but the positive sign is that the fall is with low volume and the rise relatively with high volume. The Nifty could find its direction with a big trap on either side as this range bound consumed more than what is required.
The personal view is infavour of bears but the bulls are in no mood to give up. In case RIL trades below 1660, the bears enjoy the profits and many more will join them in the run. The caution is that Infosys shall not trade above 1995-98 and SBI shall not trade above 1331-33 levels. The global cues are likely to favour the bears.

Asian markets green but ADRs neutral,

The Asian markets are trading in positive zone with 0.5-1% gains. So the Indian markets may open positively above 4186. On the lower side, Nifty shall not trade below 4153-51 levels to advance from these levels. The local markets are extremely cautious to advance from these levels. The level of leverage is comfortable in the market and investors are ready to take a fall, as an opportunity is also a positive situation.
The Nifty shall cross 4218-21 levels and shall trade above 4206 to create a situation to take a long call. The RIL shall trade above 1685, SBI above 1321, Bharti above 821 and RCOM above 501-03 levels to trade with long call. The metals likely advance further. Those who are long above 129 can sell if it trades below 139, resistance @141. Any takers for TCS, techs may slide further.

The markets indecisive!

Markets pared all the gains made in Friday but managed to close 20pts. gain over the last weak. The Indian story is good but the screenplay is confused to give a decisive support either to bulls or to bears. This week will like to set the trend as the monsoon; political equations over the economic policies will create a platform for a decisive move. It is evenly spread that the June series may end smoothly without much damage to either side as the important results fall in the July series. Now the bulls strength lies in their ‘hopes’ of the 1st. quarter results, i.e. more than 20% growth in profits, especially in technology and banking sectors.
Personally, I think that the markets likely to correct deeply as the liquidity absorbed by the DLF and ICICI and may under perform after the listings. Unless the DLF quote above 650-675, it will create after effects in the whole market.
The markets are relatively strong so long it trade above 4121 level and RIL above 1620 level. In case tomorrow Nifty fails to close above 4193 level and any small correction in the Asian markets will trigger to crack our markets.