In my previous post (7-9-07) titled “Surprise to many…. The Nifty has made a good move by building the bottom and likely that could consolidate between 4353-4550 level for 10-12 trading sessions before it could test new high in future.
The markets took a decisive move today to close above 4526 level from the range bound actions are being performed for some time. The NIFTY-4359 came on 30th Aug and took 11 trading days till date and Nifty made a decent close above the resistance level. The real test for NIFTY is to open above 4556-59 level and should try to pierce the resistance of 4573-71 level in the first hour of the trade. But this can become a solace to bull so that the bears get fear in their spine to short heavily. As a strategy, the Bulls won’t take the Nifty to new highs in this run as that move could put more loads to carry the cost of buying at higher levels. So Nifty likely to retrace to 4380 level and provide excellent buying opportunities to investors.
Thursday, September 13, 2007
the First posting Doubled!
Buy" SALORA INTERNATIONAL" - stock to double in six months. I HAVE POSTED ON 25th APRIL AS A TOKEN POSTING WHEN I FIRST DECIDED TO PUBLISH MY STUDY IN A BLOG. Once again I request the viewers to post their experiences and suggestions through " comments". All of us carry various experinces while taking investment decisions in the market that can be very useful to the others.
Consolidation or Distribution
As posted earlier on 20-07-07, the UNITECH will be included in the Nifty replacing IPCL. In my earlier posts suggested to buy DLF….As suggested, those who are long in DLF above 603 may book profits and re-enter at 618 level. In future it is very likely that the Relcap will be included replacing MTNL or VSNL.
As posted yesterday, the RIL traded above 1996 but the Nifty could not hold above 4509. As suggested in the morning post, the RCOM got resistance at 548 and Bharti at 855.
The markets are just floating around 4486-4525 levels and the mid caps are running fast than their piers. The markets likely to correct incase it fails to move 4525 with in two trading sessions. There are signs of economy slowing down and the external influences put pressure on the rise.
As posted yesterday, the RIL traded above 1996 but the Nifty could not hold above 4509. As suggested in the morning post, the RCOM got resistance at 548 and Bharti at 855.
The markets are just floating around 4486-4525 levels and the mid caps are running fast than their piers. The markets likely to correct incase it fails to move 4525 with in two trading sessions. There are signs of economy slowing down and the external influences put pressure on the rise.
Wednesday, September 12, 2007
Mixed across…
The markets are waiting for the Fed rate cut and boost to financial markets in US. The markets in INDIA are strong but we are integrated with world economy. So we rise every time on a given opportunity as well we bow to the external pressures.
The Nifty is strong so long it trades above 4461 and the RIL trades above 1961. Unless ONGC trades above 845, the Nifty cannot cross the new high.
In case Nifty trades above 4509 and the RIL trades above 1996, then the market is strong other wise the Nifty will touch 4439 level. The RCOM, RIL, Bharti are weak likely to bring the Nifty to lower levels. RIL has resistance at 1996-98 level, RCOM at 546-48 and Bharti at 856-53 level.
The Nifty is strong above 4486-89 level and there could be some short covering in techs to bring higher levels for more shorts to happen. Don’t buy techs unless Infy trades above 1925, Satyam above 463, TCS above 1083, Wipro above 483-85 levels.
The Nifty is strong so long it trades above 4461 and the RIL trades above 1961. Unless ONGC trades above 845, the Nifty cannot cross the new high.
In case Nifty trades above 4509 and the RIL trades above 1996, then the market is strong other wise the Nifty will touch 4439 level. The RCOM, RIL, Bharti are weak likely to bring the Nifty to lower levels. RIL has resistance at 1996-98 level, RCOM at 546-48 and Bharti at 856-53 level.
The Nifty is strong above 4486-89 level and there could be some short covering in techs to bring higher levels for more shorts to happen. Don’t buy techs unless Infy trades above 1925, Satyam above 463, TCS above 1083, Wipro above 483-85 levels.
Tuesday, September 11, 2007
No violation either……
As posted, the markets opened above 4526 in the opening and the resistance on the high could not be crossed but at the end got support at 4486 level.
The RIL could touch 2008+ but failed to hold above 1993-91 level. The mid cap gainers are more than the frontline stocks to move the index. The tata steel made an excellent move above 693 to touch 711+. The smaller banks are favoured than the top tier. The ONGC, Bharti and RCOM non-cooperation put pressure on the index to hold on the opening levels. The SBI’s south journey coupled with ONGC, RCOM, Bharti and the darling draggers of the Nifty (techs) spoiled the bulls enthusiasm.
The RIL could touch 2008+ but failed to hold above 1993-91 level. The mid cap gainers are more than the frontline stocks to move the index. The tata steel made an excellent move above 693 to touch 711+. The smaller banks are favoured than the top tier. The ONGC, Bharti and RCOM non-cooperation put pressure on the index to hold on the opening levels. The SBI’s south journey coupled with ONGC, RCOM, Bharti and the darling draggers of the Nifty (techs) spoiled the bulls enthusiasm.
Monday, September 10, 2007
This move made to move-up ….
The Nifty got support at the 4453 level as it was earlier also tested on Monday, 3rd Sep.
The bulls are successful in forcing the bears to cover their shorts made in the heavy weights like RIL, SBI, Tata Steel, Sail, ITC and RPL along with Longs supports in the power lot.
The real test for the bulls lies in carrying the move forward from tomorrow, as there would an extra pressure on their shoulders to lure the bears and retail investors to take positions. The weak point is RIL could not comfortably trade above 1989-91 level and SBI above 1649-51 level.
The Nifty has to cross 4526 in the early morning with “Gap up trade” and should cross the high of 4549-4553 with low above 4486. To satisfy the above condition ONGC and Bharti and RCOM shall trade in positive with 1-2% gains.
The bulls are successful in forcing the bears to cover their shorts made in the heavy weights like RIL, SBI, Tata Steel, Sail, ITC and RPL along with Longs supports in the power lot.
The real test for the bulls lies in carrying the move forward from tomorrow, as there would an extra pressure on their shoulders to lure the bears and retail investors to take positions. The weak point is RIL could not comfortably trade above 1989-91 level and SBI above 1649-51 level.
The Nifty has to cross 4526 in the early morning with “Gap up trade” and should cross the high of 4549-4553 with low above 4486. To satisfy the above condition ONGC and Bharti and RCOM shall trade in positive with 1-2% gains.
Blame us or US….
The crisis unfolding on many fronts in US, this times the “Job Data”. Now the crisis of crude hanging at $75-76 could shoot out beyond $85 per barrel. The decoupling with international market all the time is not possible but this fall is expected even there were good global cues.
As posted on Friday, the Nifty started its downward move once the big boy RIL closed at 1963. The Nifty could test 4331-35 ranges in this week as the threats due to the 11th September challenge to US and the fears emerge due to the terrorist warnings. Don’t get panic even if the Nifty touches 4280 level or even 4228-26 range in pressure. The best buying opportunities emerge at such levels.
The Nifty could get support at 4222-26 level as the first primary support. The RIL gets support at 1936-35 level. SBI gets support at 1563-59 level and RCOM get support at 520 level and at 506-08. The Tata Steel has support at 661-59 level and Sail support at 158-59 level.
The fall is a threat to traders and an opportunity to investors. So this time don’t forget take delivery of IDBI at 118-119 level, Ranbaxy at 376-72, ITC at 163-61, HUL at 203-199 and NTPC at 163-61 level. The long term players can take this fall to invest in Wipro, Sterlite, DLF, Jet, Tata Motors, M&M, Idea, Bharti and RCOM- could give decent returns for those whose doesn't churn very time.
As posted on Friday, the Nifty started its downward move once the big boy RIL closed at 1963. The Nifty could test 4331-35 ranges in this week as the threats due to the 11th September challenge to US and the fears emerge due to the terrorist warnings. Don’t get panic even if the Nifty touches 4280 level or even 4228-26 range in pressure. The best buying opportunities emerge at such levels.
The Nifty could get support at 4222-26 level as the first primary support. The RIL gets support at 1936-35 level. SBI gets support at 1563-59 level and RCOM get support at 520 level and at 506-08. The Tata Steel has support at 661-59 level and Sail support at 158-59 level.
The fall is a threat to traders and an opportunity to investors. So this time don’t forget take delivery of IDBI at 118-119 level, Ranbaxy at 376-72, ITC at 163-61, HUL at 203-199 and NTPC at 163-61 level. The long term players can take this fall to invest in Wipro, Sterlite, DLF, Jet, Tata Motors, M&M, Idea, Bharti and RCOM- could give decent returns for those whose doesn't churn very time.
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