The markets though exhibited a robust up move and consequent weekly positive close will be challenged in the next two trading sessions due to the fluid political situation in Delhi.The Nifty has immediate support at 4030-4040 level to expect the bull move to continue further. The next support available at 3979-81 level but the ultimate support that formed in the recent times is 3820-30 level.
The horse trading is at its high spirits, no longer confined to smaller parties but to individuals who dare to question the CHIEF. The nuclear issue has become the election issue and parties are trying to attract the other and backstab the opponents. The parties draw their lines not only on the trust vote issue but their personal interests are at their best bargaining capacity. Whether the govt wins the trust vote or not but Indians faith on the leaders integrity was tarnished.
The real support came from ONGC, RIL, Bharti and the nuclear related power pack of NTPC, ABB and the RELinfra. The REL infra has good support at 805-801, ONGC is strong above 840, Bharti above 850 level, NTPC is good above 163, suggested in earlier postings. (The market pulse check by STOCKOMETER:Titled:Can we be in green….The Reliance closed below 2020 level but for today it shall trade below 1990 so that the bears can make their day happy at this counter). Yesterday the RIL showed an excellent support at 1990 rallied up to 2100+, so the scrip will become weak below 1990 level.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Saturday, July 19, 2008
Friday, July 18, 2008
The robust move…....
The move started today has a good significance as the opening was normal and at one time Nifty went into red. The accumulation started from the morning to mid session. The move came after sufficient chunk of shares were acquired then the shoot up came.
The readers might have understood how the heavy weights show the direction and the importance of price levels. As mentioned earlier Bharti started the up move after it traded comfortable above 747, then touched 813 ( The market pulse check by STOCKOMETER :Titled: Asian melt down dt15-07-08,…… Bharti is good for del. above 750 level, but for today it is very likely that it will be available at 703-06 or even below that support level…)
I suggested for delivery in nuclear related companies and he move from the markets focused to Nuclear related infra & equipment companies.(STOCKOMETER:Titled: The UPA govt. lost the support of Left to stay in power sign the N-deal but manages to garner the like minded parties to corner the Left that the deal is inevitable in current scenario to meet the ever rising energy needs. So the deal will be through and benefit lots of companies like LT, Punjlloyd, ABB, Areva T&D, Siemens, NTPC, RelInfra and many other smaller companies queuing to cut their share in the cake……)
STOCKOMETER: To day in the Stock Specific Action, suggested RIL, RCOM gained strength, Infy failed to trade above 1605 and Tata Steel ex dividend Rs16, suggested there could be bounce bank failed to realized the weakness in the metal sectors. In the morning suggested that Nifty to gain strength from banking sector, SBI and Bharti.
The Stock Specific Action, Visit: www.intradaystockcalls.blogspot.com
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The readers might have understood how the heavy weights show the direction and the importance of price levels. As mentioned earlier Bharti started the up move after it traded comfortable above 747, then touched 813 ( The market pulse check by STOCKOMETER :Titled: Asian melt down dt15-07-08,…… Bharti is good for del. above 750 level, but for today it is very likely that it will be available at 703-06 or even below that support level…)
I suggested for delivery in nuclear related companies and he move from the markets focused to Nuclear related infra & equipment companies.(STOCKOMETER:Titled: The UPA govt. lost the support of Left to stay in power sign the N-deal but manages to garner the like minded parties to corner the Left that the deal is inevitable in current scenario to meet the ever rising energy needs. So the deal will be through and benefit lots of companies like LT, Punjlloyd, ABB, Areva T&D, Siemens, NTPC, RelInfra and many other smaller companies queuing to cut their share in the cake……)
STOCKOMETER: To day in the Stock Specific Action, suggested RIL, RCOM gained strength, Infy failed to trade above 1605 and Tata Steel ex dividend Rs16, suggested there could be bounce bank failed to realized the weakness in the metal sectors. In the morning suggested that Nifty to gain strength from banking sector, SBI and Bharti.
The Stock Specific Action, Visit: www.intradaystockcalls.blogspot.com
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Move up, further…….
The up move may continue as the global cues are positive and the Asian markets are trading in green with positive bias. The markets need to move up from these levels to need some positive triggers from the global and internal political action.
The Nifty shall not trade below 3890 level to cross the 4040 level. The markets will react to the results of Wipro, Satyam and the inflation figures released yesterday evening. The banking sector especially the SBI counter looks bullish and may move to 1400 level if it can sustain above 1260 level for 2 trading days. The Bharti may give good support to Nifty if it stays above 747 and cross 790 level.
The Stock Specific Action, Visit: www.intradaystockcalls.blogspot.com
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The Nifty shall not trade below 3890 level to cross the 4040 level. The markets will react to the results of Wipro, Satyam and the inflation figures released yesterday evening. The banking sector especially the SBI counter looks bullish and may move to 1400 level if it can sustain above 1260 level for 2 trading days. The Bharti may give good support to Nifty if it stays above 747 and cross 790 level.
The Stock Specific Action, Visit: www.intradaystockcalls.blogspot.com
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Can we stand to gain….
The markets took the global positive cues and the crude falling from the peaks has provided the much needed bottom support. But do we have the courage to encourage the growth and taming the inflation with cautious approach?. The rainfall is keeping the experts fingers crossed as they can do very little about it and say it is above normal. Any delay more than a week can change the cropping equations.
The Nifty has crossed the minor resistance while facing the non-stop selling spree. Though it looks too early to conclude but as things stand out today on the face of it looks that Nifty made a reasonable support at 3800 level and will advance upto 4380-4550. The possible hurdle could be the failure of the Govt. to secure the trust vote and you know the result.
The Stock Specific Action, Visit: www.intradaystockcalls.blogspot.com
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The Nifty has crossed the minor resistance while facing the non-stop selling spree. Though it looks too early to conclude but as things stand out today on the face of it looks that Nifty made a reasonable support at 3800 level and will advance upto 4380-4550. The possible hurdle could be the failure of the Govt. to secure the trust vote and you know the result.
The Stock Specific Action, Visit: www.intradaystockcalls.blogspot.com
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Thursday, July 17, 2008
"Life" lived in the markets…
The dud feeling in the markets were eliminated for this day as the markets showed the elegance in pushing the prices up as well the Nifty.
As we expected, Nifty could cross the 3940 level in morning and could stay through out the day and closed above the crucial closing of 3943 level as expected in the morning posting.
The reality sector, banking sector posted decent gains. In the Intraday stock calls I clearly mention the strengths of RCOM, SBI, ICICI bank and RIL. They neither breached the support levels nor failed to continue their northward journey as the strength of support increased.
The Ranbaxy trouble may live for some weeks and the trouble from the forex losses may increase in the number, eroded the share value of the companies like Biocon, HCL tech, Mind Tree but the TCS could absorb the loss.
The Stock Specific Action, Visit: http://www.intradaystockcalls.blogspot.com/
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
As we expected, Nifty could cross the 3940 level in morning and could stay through out the day and closed above the crucial closing of 3943 level as expected in the morning posting.
The reality sector, banking sector posted decent gains. In the Intraday stock calls I clearly mention the strengths of RCOM, SBI, ICICI bank and RIL. They neither breached the support levels nor failed to continue their northward journey as the strength of support increased.
The Ranbaxy trouble may live for some weeks and the trouble from the forex losses may increase in the number, eroded the share value of the companies like Biocon, HCL tech, Mind Tree but the TCS could absorb the loss.
The Stock Specific Action, Visit: http://www.intradaystockcalls.blogspot.com/
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Positive Global cues….
The markets in US were very positive and posted decent gains. The Asian markets are in green and they can boost the positive sentiment in our markets. The crude fall gave a face lift at least for this week.
The tech Indians ADRs shined, Infy by 5.8%, Satyam by 6%, Wipro by 4%, the banking majors ICICI by 8.5% and the HDFC Bank rose by 6.5%.
The markets likely to post decent early gains in the morning and the challenge remains at this point is whether we could continue to cross the resistance at 3971-73 level and shall close above 3943. The severely beaten down banking and reality sectors will see some recovery.
Those who believe that the N-deal will go through with a positive trust vote can start buying the Nuclear equipment & parts supplying companies and the construction companies those are capable of executing these critical works.
The tech Indians ADRs shined, Infy by 5.8%, Satyam by 6%, Wipro by 4%, the banking majors ICICI by 8.5% and the HDFC Bank rose by 6.5%.
The markets likely to post decent early gains in the morning and the challenge remains at this point is whether we could continue to cross the resistance at 3971-73 level and shall close above 3943. The severely beaten down banking and reality sectors will see some recovery.
Those who believe that the N-deal will go through with a positive trust vote can start buying the Nuclear equipment & parts supplying companies and the construction companies those are capable of executing these critical works.
Wednesday, July 16, 2008
The action for big action…..
The markets are struggling to face the new challenges at higher levels but are determined to fight against the present situation. There was no specific change in the economic/political situation but a favour came from “cooling of crude”, gave some bottom support to market.
The tech results are not very enthusiastic to take the Nifty levels to higher levels from these levels be it with Infy, TCS. The telecom stocks with lead from Bharti are going to scale high. After the 60 points positive start it went back to 70 points negative but recovered well with support from ONGC, Bharti, Ranbaxy, HUL, capital goods & power sectors.
The Bearish out look will remain at least for two quarters for sure. The crude has to trade below 120 dollars and the resultant ease of inflation will give positive signals to RBI to relax the money tightening policies. The cumulative effect can be seen in the indices with confidence in the investor community, then the Nifty will trade above 4500 level and the foreign money will chase our stocks. Till these things happen without much deviation, the markets will be in trading range.
Anyway we have to live with the numbers, the Nifty has some support at least for the time being at 3800 level till the trust vote. The temporary support shall push the Nifty above 3879 level in the morning trade and shall cross above 3940 level to see Bulls build confidence for time being.
The traders might have observed the fall in RIL below 2020 level and RPL below 163, once their support levels (suggested) were breached.
The Stock Specific Action, Visit: http://www.intradaystockcalls.blogspot.com/
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The tech results are not very enthusiastic to take the Nifty levels to higher levels from these levels be it with Infy, TCS. The telecom stocks with lead from Bharti are going to scale high. After the 60 points positive start it went back to 70 points negative but recovered well with support from ONGC, Bharti, Ranbaxy, HUL, capital goods & power sectors.
The Bearish out look will remain at least for two quarters for sure. The crude has to trade below 120 dollars and the resultant ease of inflation will give positive signals to RBI to relax the money tightening policies. The cumulative effect can be seen in the indices with confidence in the investor community, then the Nifty will trade above 4500 level and the foreign money will chase our stocks. Till these things happen without much deviation, the markets will be in trading range.
Anyway we have to live with the numbers, the Nifty has some support at least for the time being at 3800 level till the trust vote. The temporary support shall push the Nifty above 3879 level in the morning trade and shall cross above 3940 level to see Bulls build confidence for time being.
The traders might have observed the fall in RIL below 2020 level and RPL below 163, once their support levels (suggested) were breached.
The Stock Specific Action, Visit: http://www.intradaystockcalls.blogspot.com/
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Tuesday, July 15, 2008
Only down….down/low grades….
India is now passing through a rough phase with low grade, lower grade marks for investments as “Fitch down grades India”. The down grades from Moody’s and Standard & Poor will come out with their reports soon.
The gloomy picture of today was not visualized in Jan-08.The crude was at $120 per barrel and every body expected that it will touch $150 per barrel but the markets across the world were in jubilant mood with bullish out look. Now there was nothing left to write on the emerging India’s growth story or the opportunities available. Now the issue is how fast we recover from the pessimistic views to positive view?.
The markets sold off today and could not recover from their lows. The Nifty supports are eroded with the flood like supply of selling orders. Now the Nifty lost it’s significance of bottom supports and the present situation throws a new challenge to cross the hurdles on the up side. The fist hurdle to cross is at 4040 level and should cross the second hurdle at 4280 level then there is some thing left to think on the Bulls side.
The Reliance to cross the resistance at 2140 and later it has to cross the second resistance at 2260 level to confirm the ease of the Bear pressure in this counter.
The banking sector heavy weight like ICICI has to cross the resistance of 645-50 level and the SBI has to trade above 1390 level. After persistence efforts at the front line stocks can throw light that some of the positive efforts of Bulls are yielding results. The earlier posts were discussed about the other heavy weights of Nifty that can influence.
The gloomy picture of today was not visualized in Jan-08.The crude was at $120 per barrel and every body expected that it will touch $150 per barrel but the markets across the world were in jubilant mood with bullish out look. Now there was nothing left to write on the emerging India’s growth story or the opportunities available. Now the issue is how fast we recover from the pessimistic views to positive view?.
The markets sold off today and could not recover from their lows. The Nifty supports are eroded with the flood like supply of selling orders. Now the Nifty lost it’s significance of bottom supports and the present situation throws a new challenge to cross the hurdles on the up side. The fist hurdle to cross is at 4040 level and should cross the second hurdle at 4280 level then there is some thing left to think on the Bulls side.
The Reliance to cross the resistance at 2140 and later it has to cross the second resistance at 2260 level to confirm the ease of the Bear pressure in this counter.
The banking sector heavy weight like ICICI has to cross the resistance of 645-50 level and the SBI has to trade above 1390 level. After persistence efforts at the front line stocks can throw light that some of the positive efforts of Bulls are yielding results. The earlier posts were discussed about the other heavy weights of Nifty that can influence.
The Asian meltdown…..
The Asian markets are reeling under pressure from the financial troubles facing by the US mortgage companies and the escalating tensions around Iran and the Israel. The US big brother control over the resources and geographies are the real causes for the commodity prices upward move but unfortunately in the uni-polar world there is country dare to question/check the US high handness.
The tensions across the global equity markets spreading fear in the emerging markets investments there by drifting lower and lower.
The Nifty is having reasonable first at support at 3961-63 level and the 3900 shall hold till the trust vote is over. The Infy shall find buying support at lower level as the correction is very steep. It was deep down at 1310 level in second week of March gone up to 2000 level in June came down to 1550 level. So it will save Nifty and the price can go from 1500 to 1680-1720 level in near future.
The telecom stocks will rise as the 3G auction is all set to take place in a month or two and Bharti is good for del. above 750 level, but for today it is very likely that it will be available at 703-06 or even below that support level. The RCOM will rally from this level to 580 level once the reverse merger with MTN takes place.
The RPL can drift to lower in case it trades below 163 level and the reality and infra likely to see lower levels. The metals especially ferrous will find selling pressure for today, Sail is weak below 139 and Tata steel below 686-89 level.
The tensions across the global equity markets spreading fear in the emerging markets investments there by drifting lower and lower.
The Nifty is having reasonable first at support at 3961-63 level and the 3900 shall hold till the trust vote is over. The Infy shall find buying support at lower level as the correction is very steep. It was deep down at 1310 level in second week of March gone up to 2000 level in June came down to 1550 level. So it will save Nifty and the price can go from 1500 to 1680-1720 level in near future.
The telecom stocks will rise as the 3G auction is all set to take place in a month or two and Bharti is good for del. above 750 level, but for today it is very likely that it will be available at 703-06 or even below that support level. The RCOM will rally from this level to 580 level once the reverse merger with MTN takes place.
The RPL can drift to lower in case it trades below 163 level and the reality and infra likely to see lower levels. The metals especially ferrous will find selling pressure for today, Sail is weak below 139 and Tata steel below 686-89 level.
Monday, July 14, 2008
The fall is faster…..
The traders might have observed that the fall is much faster than the snail pace rise. The markets likely to witness the same kind of volatility till the HNI’s-deep pocked investors grab the early opportunity. The markets will fall but not more than 10% and create havoc in the minds of retail investor and pain in the heart.
The Nifty will not fall to 3200-300 levels as it fell from 5200 to this level. In case a sharp sell off from any సైడ్, market depth was shallow and it cannot take any out-right throw away sell-off.
The Nifty showed the required bull support to cross the 4093 level as posted in the morning but could not hold above 4073 level to give peace to the Bulls.
The Reliance (posted in the morning-The Reliance closed below 2020 level but for today it shall trade below 1990 so that the bears can make their day happy at this counter.) made a low of 1990 took support for this day abated the bears to make merry at the counter. The metals made a good come back across all counters and showed their strength. The RCOM failed to trade above 441-43 convincingly drifted to 435-36 level and Bharti didn’t hold the promise above 747. A surprise at the banking sector to many is that the Axis bank failed to cheer the street in spite of its robust quarterly numbers. The Ranbaxy sell off helps the Daiichi to buy the company with out raising the open offer.
The Nifty will not fall to 3200-300 levels as it fell from 5200 to this level. In case a sharp sell off from any సైడ్, market depth was shallow and it cannot take any out-right throw away sell-off.
The Nifty showed the required bull support to cross the 4093 level as posted in the morning but could not hold above 4073 level to give peace to the Bulls.
The Reliance (posted in the morning-The Reliance closed below 2020 level but for today it shall trade below 1990 so that the bears can make their day happy at this counter.) made a low of 1990 took support for this day abated the bears to make merry at the counter. The metals made a good come back across all counters and showed their strength. The RCOM failed to trade above 441-43 convincingly drifted to 435-36 level and Bharti didn’t hold the promise above 747. A surprise at the banking sector to many is that the Axis bank failed to cheer the street in spite of its robust quarterly numbers. The Ranbaxy sell off helps the Daiichi to buy the company with out raising the open offer.
Can we be in green….
The markets sold off due to the poor IIP numbers and the rising inflation numbers. The market closed temporarily at the support level at 4049 is a good sign. The two days made lots of changes in the political equations. The Congress thought that it could easily convince the smaller parties but Karat took it to his heart to tumble the Govt. and in the process a head of the ruling party. This could through a negative signal to the recovering markets.
The Nifty shall trade above 4073 and shall cross the resistance at 4093 level taking positive cues from the Asian markets. In case it fails to do so and trades below the 3990 level then it may touch 3900 level where it can has some support.
The Reliance closed below 2020 level but for today it shall trade below 1990 so that the bears can make their day happy at this counter. The RPL is strong above 169-170 level and weak below 163 level. The Infras may see further buying support at lower levels. The DLF is good above 449-51 weak below 446. The JP Associates was sold off could recover to day if it could trade above 165 but it is very unlikely. The Unitech is in a better place, good above 170 and weak below 165. The GMR Infra is good above 91 and weak below 89 level.
The RCOM showed resilience and the low is well above 421-23 support level. It is likely to advance further if it trades above 439-41 level. The Bharti crossed the first hurdle at 747 and the second at 757 level. So it is good for delivery in case the markets recover and trade above 751.
The USFDA case against Ranbaxy could dampen the share rise. The scrip trades below 531 then short sellers enjoy with a stop-loss of 541 from where it will be in Bull grip.
The markets will be volatile as both parties Bulls and Bears determined to win over the other. The Nifty is good for long only when it trades above 4145 level.
The Nifty shall trade above 4073 and shall cross the resistance at 4093 level taking positive cues from the Asian markets. In case it fails to do so and trades below the 3990 level then it may touch 3900 level where it can has some support.
The Reliance closed below 2020 level but for today it shall trade below 1990 so that the bears can make their day happy at this counter. The RPL is strong above 169-170 level and weak below 163 level. The Infras may see further buying support at lower levels. The DLF is good above 449-51 weak below 446. The JP Associates was sold off could recover to day if it could trade above 165 but it is very unlikely. The Unitech is in a better place, good above 170 and weak below 165. The GMR Infra is good above 91 and weak below 89 level.
The RCOM showed resilience and the low is well above 421-23 support level. It is likely to advance further if it trades above 439-41 level. The Bharti crossed the first hurdle at 747 and the second at 757 level. So it is good for delivery in case the markets recover and trade above 751.
The USFDA case against Ranbaxy could dampen the share rise. The scrip trades below 531 then short sellers enjoy with a stop-loss of 541 from where it will be in Bull grip.
The markets will be volatile as both parties Bulls and Bears determined to win over the other. The Nifty is good for long only when it trades above 4145 level.
Sunday, July 13, 2008
Numbers in profits…….
The markets are in full bear grip as they slipped from the 5185 level the very crucial support now has become a distance dream to reach. The fundamental analysts hope that the markets get life from the numbers declared by the companies and the profits in particular. The technical analysts also munching the numbers at which the company has support and resistances. So now the season is immersed in numbers.
The Business Line- Sunday, July 13, 2008, on the front page printed “Institutional investors buy ‘out-of-favour’ sectors in July”. The text covered as “What are institutional investors buying, with the Sensex hovering at 13k levels?. Mid-cap stocks in out-of favour sectors such as realestate, infrastructure, automobile, media and banking apper to have come back into the “buy” list of leading FIIs in July……”
Let the under-performing ( POSTED on Dt 30-06-2008)…..One of the clear signs of trend reversal in a bull market, the outperforming stock of yesterdays starts the signs of under-performance as the days goes by. The Index continues to surge in the same direction but the darlings take a nap. The same is the case with the falling market. There are some stocks those fall very steep than a retail investor could identify/imagine. The outright sell off will be seen with steep falls, as the days pass by every body could recognize that what was happened?. So the Deep-pockets garner the best opportunity to sell. In this bleak scenario there could be silver ling to identify the trend reversal. A clear observation can through the opportunity open to the retailers also. The trend reversal can be identified once the weakest sector finds buying interest in the market by the smart people that could be the secret why these weak stocks won’t fall however deep the market falls.
To validate the above observation it is necessary that the underperforming sectors in the market at this point in time are Real estate and Capital goods. So it is very important to see DLF trades above 496-503 level, Unitech shall trade above 210-214 level and the India Bulls Real estate above 395-400 level. The capital goods sector though has some silver lining with orders at disposal but the heat of raw material costs eating into the profits, thus evaporations of current prices to settle with lower P/E valuations. This sector has huge potential to outperform in future but the U-turn possible only when the price of L&T trades above 2750-2800 level, the BHEL shall trade above 1550-1585 and the ABB shall trade above 1020-36 level.
The Business Line- Sunday, July 13, 2008, on the front page printed “Institutional investors buy ‘out-of-favour’ sectors in July”. The text covered as “What are institutional investors buying, with the Sensex hovering at 13k levels?. Mid-cap stocks in out-of favour sectors such as realestate, infrastructure, automobile, media and banking apper to have come back into the “buy” list of leading FIIs in July……”
Let the under-performing ( POSTED on Dt 30-06-2008)…..One of the clear signs of trend reversal in a bull market, the outperforming stock of yesterdays starts the signs of under-performance as the days goes by. The Index continues to surge in the same direction but the darlings take a nap. The same is the case with the falling market. There are some stocks those fall very steep than a retail investor could identify/imagine. The outright sell off will be seen with steep falls, as the days pass by every body could recognize that what was happened?. So the Deep-pockets garner the best opportunity to sell. In this bleak scenario there could be silver ling to identify the trend reversal. A clear observation can through the opportunity open to the retailers also. The trend reversal can be identified once the weakest sector finds buying interest in the market by the smart people that could be the secret why these weak stocks won’t fall however deep the market falls.
To validate the above observation it is necessary that the underperforming sectors in the market at this point in time are Real estate and Capital goods. So it is very important to see DLF trades above 496-503 level, Unitech shall trade above 210-214 level and the India Bulls Real estate above 395-400 level. The capital goods sector though has some silver lining with orders at disposal but the heat of raw material costs eating into the profits, thus evaporations of current prices to settle with lower P/E valuations. This sector has huge potential to outperform in future but the U-turn possible only when the price of L&T trades above 2750-2800 level, the BHEL shall trade above 1550-1585 and the ABB shall trade above 1020-36 level.
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