The Deep Pockets benefit the most…..?

The fall is so steep that the immediate support levels of all the stocks were broken except Infy. good above 1970 and to some extent TCS stayed above 1153. The IDFC and Idea stayed above the support level of 126 and 118-119 level. The stocks like ITC, Ranbaxy and Moser Baer improved their bottom support.
The Nifty August series has to trade above 4525 level immediately to confirm the bull move with in 3-4 trading sessions, other wise the damage can even wipeout the image of India’s growth story. Now the question at this hour is “who will save from this crisis?”. The domestic mutual funds have more liquids funds at their disposal and the Govt. institutions are capable enough to absorb the flow but they need assurance from the retail investors without pressing the re-dumption button.
The steep fall in the indices and tumbling of the prices help the deep pocked institutions and the HNIs whose staying power is beyond weeks and months. These are the times they enjoy the fall, use most of their money to buy the blue chips and investing in the multi-baggers. The retail investors sell in panic at most of the times because they take the leverages in anticipation of early and easy bucks. So be cool and rise money to make money. The long-term investors can accumulate the growth stocks when the Nifty touches 4270+ levels.

Bulls bite RED, carnage across…..

The bloodbath across the globe with 2-4% down on indices will make our openings lower than the immediate support levels. The days like this, the support levels won’t take any real support, as the supply of stocks at any time cannot be predictable. The panic situation cannot be easily managed unless one tries to have a long-term view with deep pockets garner the opportunity.
Any way we have to live with the situation whether we like it or not. Two days back I suggested offloading all del. to buy at lower levels. The Nifty has support at 4496-4491 level and very good support at 4412-15 levels. In case Nifty can stay above 4512-13, we can breath easily as the damage can be managed immediately.
We have RIL and ITC results, any unexpected positives from RIL can save the day other wise total shave. The old levels for techs valid, the good supports for RIL-1875-71, ONGC- 891, SBI-1509-06, ICICI- 917-22, INFY-1935, Satyam 479 and 471, Wipro – 491-93, RCOM-540, STER- 631-29, RelCap-1206-09, TataSteel-673-71, Bhart-875-73. Incase more than 5 counters trade lower than these levels, just consider the market is in downturn. The carnage effect will take at least 5-7 trading sessions before a clear bull move to emerge, if at all the short-term prospects live intact.

Highest ever turnover -1.01lakh crores!

The turnover is increasing day by day and the figures become milestones as they are superseded in the days to come. The Wipro made its move in the series of rotation as usual and the whole market recovered in the last few minutes as the short covering happened in July but more shorts were built up in August.
The banks became weak, RIL strong above 1915 rose to 1945+, ONGC to 959 as they traded above their support levels. The Tata Steel could not trade above 719 became weak to touch 697 level. The Infy traded in the positive zone above 2020 touched 2045+, TCS rallied from the 1166 to 1200 level and Wipro bounced to 525 level after it crossed 510.
Bombey dyeing up by 5%, HDFC crossed 2000+ after good results. The pharma major Ranbaxy made this day as its day to settle at 375+level, as it got good support now at 355-352.

Welcome to August series and farewell to July!

The market has become stock specific, one day TCS up, other day Satyam up, another day Infy but rest techs were normal. As I wrote earlier on 21st. the rotation has been in place to keep the Nifty up and up. The beauty of the market is - rewarding those who dare to take del. on declines. The word of caution is never take del. in a FALLING MARKET.
The world markets are flat with negative bias but US + to – to flat, emerging markets mixed. The RIL is good above 1915 weak below 1904, ONGC good above 926, SBIs first bottom support at 1542, ICICI support at 950 good above 966, Bharti good above 920 (today Results). Tata steel positive above 719-21, weak below 706. Infy has immediate support at 1956, resistance at 1996, good above 2020. TCS good above 1166-69, Wipro good for del. above 510-12 stop loss 504-05.(like ITC, in the making but takes time).
NEWS: Air Deccan issue, Infy by out, RCOM- air tickets yatra.com, ONGC and HDFC post results effects. Sail with Mittals, IDFC with India Infrastructure Fund, L&T and Bombay Dyeing tie up. Canara bank broking business, Siemens shops in US.

Stock Market always BOSS!

On 18TH, I posted to keep an eye on ITC and good for del. above 158, made a stellar move on 60-point Nifty fall. So it all about understanding the market movement. The legends of the market told several times- "market is always right". I say, market is BOSS- “market is all about a given price- Buying Opportunity- Solid Selling”. The Stock Market all WAYs - BOSS, so make use of both the opportunities, each time and every time. GOOD LUCK.
The technicals reveal the work done and the future projection based on the history, but most of the times we don’t participate with a doubt or with a self defined reason. The repentance makes us depressed, instead participate by buying while the scrip is moving up and sell while the scrip drops to lower levels.
The market took support at the 4555 level as anticipated and the rise was from the support of RIL, ONGC and SBI. The strongest at this point in time was RIL and ONGC, of course ITC made this day as it’s day. Relcap took bottom support at 1198 rose to 1245 level, IDFC moved fast to new highs above 129 lower support at 126. The RCOM took southward move even its' counter part Bharti moved up.

Rest is red except China!

The markets are now in correcting mode as the valuations are compelling to investors to book profits. This opportunity is more than enough bears to put their pressure on bull to take a back seat for today and days to come. The Nifty face pressure when it trades below 4611-13 may find support at 4571-73 levels, next at 4551-50 levels. Those who have taken del. in Idea and Satyam, as posted touched 135 and 525 levels can be booked profits.
The RIL get selling pressure below 1915 and good above 1928-26, ONGC weak below 916 and good above 926, SBI good above 1598-96, ICICI good above 883. The Infy weak below 1963, RCOM weak below 571, Bharti good above 839. IDBI good above 112 and IDFC good above 126, Rel cap good above 1198-1203 stop-loss 1185-83. DLF weak below 657, stoploss at 671.

The bears are making in………roads?.

The volatility is not because of the expiry of the July but the preparation for a deep cut on the face of bulls by the bears. The bulls give their best effort to save the move intact. The bears were cornered in a classic trap from 4280 level on June expiry.
As posted earlier, the Nifty has good support at 4140 level, as it traded 40 trading sessions. As the markets matured and ripe for the downturn, the volatility can be observed as the low cut and high cut is a common phenomenon before a steep fall.
The short term is good for shorts, Nifty may face resistance at 4635-39 level and likely to touch 4273-75 level by mid August. Incase failed to hold then it will touch 4078-75 level which the market missed to touch before it could leap to this level. (Read earlier posts)
Camps kept me out to update.