The markets will test the low of 4200 level and bounce back above 4285 is a good sign for better investment planning. The markets will perform but selective scrips will provide better returns. They are mainly the N-power related stocks, the KPO, and CRAMS.
The market pulse check by STOCKOMETER: Nifty failed to hold above 4321 but touched 4297 level due to heavy weakness in the Reliance and ICICI bank.
As posted in Stock Specific Action: The ONGC has support at 970-65 level and the low recorded are 974. The Relcap has support at 1290-96 level and the low recorded is 1292, The SBI has support at 1430 and the low recorded is 1423. The ICICI bank has support at 663 but it went upto 648.
The RCOM is good above 509, went up to 516 in a 120 points down weak market. The DLF is good above 506 and the high recorded is 506.95.
The JP is weak below 169 and the recorded high is 168.
The Infy is good above 1585 but the high recorded is 1585, Satyam is good above 379-81 the high touched 378.5, while WIPRO is good above 428 but the high recorded is 420.
The Stock Specific Action, Visit: www.intradaystockcalls.blogspot.com
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Saturday, July 26, 2008
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2 comments:
It is really worrisome that innocent people are getting killed for some nefarious designs of a faceless enemy.
But who would have done these things.
It certainly seems that this kind of an operation is not possible without the involvement of atlest 25 people, as the blasts number about 18 in Ahmadeabad and that too just a day after the blasts in Bangalore.
And I also believe that the inteligence agencies must have planted their moles in these so called terror or i call them idiot groups, so I believe that they would have got prior information if any regarding the operation which cannot be executed in a short time.
I am a stock trader , and i believe that the congress party gave the helping BJP MPs and others nifty call options as bribe, as it would be very difficult to prove the bribery, since they donn wanna get cought the way PV narasimharao got cought.Also that the MPs can't cheat them as they have nifty options in their benami accounts and nifty can only go up only after the Govt survived.
There is an evening star formation in the dowjones and S&p 500 in the American markets which is highly bearish and stocks are likely to fall there ,I for myself will not be surpeised if the American markets go for a lower ceiling either on Monday or tuesday.
So how can our nifty index go up.If one goes back in to the memory whenever these kind of blasts took place Indian markets went up by more than 5% the next trading day, bcz the Govt then may have ordered the LIC UTI General insurence to buy them parportedly to demonstrate that terrorists can't cow down indian economy.
Take my word for granted when the markets open on Monday the indeces will have gains in excess of 5% and the month derivative expiry 4800 on the nifty will be achieved.
So think for your self who is behind these bombings
The markets have become places for manuplation and the oppertunity to make money quickly and quitely.
The observations are valid but now the participation inceased from all corners.The Nifty has strong support at 4080-4120 level.
The markets may react positively as the history reveals but the selling pressure is also there in the markets.
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