The markets are willing to pay some extra bucks to hold the rate sensitive sectors and the worst effected sectors in case of growth slowdown. The Inflation effects the most when the rise continues, markets throw for a toss sectors gained the most in this week. In my earlier write-up motioned that “Let the Under Performers perform…….
The markets gained confidence in the economy and the good time to pick up the rates sensitive sectors like auto sector, Reality and the beaten down financial institutions along with cement and Sugar gained most when compared to last week closings at F&O when the Nifty gained only 2.5 percent.
The Maruti added 16% growth on WOW, Ashok Leyland added 14.7% Bajaj Holidings gained 14%, Tata Motors added 11.7% and M&M by 10%.
The IDBI added 15%, HDFC Bank by 13%,ICICI, Kotak, IndusInd and Indian Bank gained more than 11 percent.
The cement majors like Grasim gained by 10%, Ultracem by 10.8% and India cements made a 9.34% growth on WOW.
The reality sector and the Sugar stocks added value in the second week running. The stocks like Essar Oil and Aptech gained more than 15% deserves a special mention.
The weakening sectors/ some are making consolidation at the lower levels-the prominent are the Tata Steel,, Nalco, Bhushan steel, Jindal steel, RIL, RPL, Siemens, I-flex, Rolta and pharma majors like Lupin, Bio-con and STAR.
Please provide your ideas and analysis in the “Comments”.
I request the readers to place their ideas for others sake and encourage the others to learn-“the right information dissemination at the right time”
For Stock Specific Action, Visit: www.intradaystockcalls.blogspot.com
The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Saturday, August 09, 2008
Friday, August 08, 2008
The real Bull grip……
The markets showed the real Bull grip game inspite of the weakness from the front line stocks like RIL, Bharti, SBI being weak. The markets in Aug-07 waited at the same level before taking the real cue from the US FED rate cut, triggered to reach a level upto 6345 level in Jan-08. The world markets were not with that kind of an enthusiasm as they were expecting a great demand from China.
The MARKET pulse check by STOCKOMETER: In the morning write up explained that The Nifty is good above 4555-60 level and weak below 4508-09 level, the first bottom support at 4466-63 level but today likely to touch 4441-45 level. The Nifty touched a high at 4546.35 and took support at 4464.0
As expected in the Stock Specific Action, the RIL faced resistance at but the ONGC can single handedly managed the Nifty falling to deeper levels, the Banking lot lead by ICICI Bank brought life, absorbed all the losses and recovered a smart rally in the last one hour.
The RIL may face resistance at 2303-05 level and good above 2325-28 level then it can touch 2365-70 level. It touched a High of 2284, read shall note that in my previous day levels RIL was weak below 2285
The RPL levels are same and will become weaker below 163 level. The high touched at 169.7 and low is 162.10
The Bharti is good above 825-28 level, may face first resistance at 859-64 level and likely to get support at 809-806. The High recorded at 864.95 and low at 832.10
The RCOM faces resistance at 445-46 level good above 451 level. The High touched at 442.40 and the low at 433.0
The DLF, UNITECH, JP in bull grip. The Tata Steel is good above 653-51,
The Tata steel high at 656 and low at 635.0
SAIL good above 151, high at 148.8 and low at 144.10
The Essar oil may correct further and bounce back from 216-18 level But it found resistance at 236.0
For Stock Specific Action, Visit: http://www.intradaystockcalls.blogspot.com/
The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS. Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The MARKET pulse check by STOCKOMETER: In the morning write up explained that The Nifty is good above 4555-60 level and weak below 4508-09 level, the first bottom support at 4466-63 level but today likely to touch 4441-45 level. The Nifty touched a high at 4546.35 and took support at 4464.0
As expected in the Stock Specific Action, the RIL faced resistance at but the ONGC can single handedly managed the Nifty falling to deeper levels, the Banking lot lead by ICICI Bank brought life, absorbed all the losses and recovered a smart rally in the last one hour.
The RIL may face resistance at 2303-05 level and good above 2325-28 level then it can touch 2365-70 level. It touched a High of 2284, read shall note that in my previous day levels RIL was weak below 2285
The RPL levels are same and will become weaker below 163 level. The high touched at 169.7 and low is 162.10
The Bharti is good above 825-28 level, may face first resistance at 859-64 level and likely to get support at 809-806. The High recorded at 864.95 and low at 832.10
The RCOM faces resistance at 445-46 level good above 451 level. The High touched at 442.40 and the low at 433.0
The DLF, UNITECH, JP in bull grip. The Tata Steel is good above 653-51,
The Tata steel high at 656 and low at 635.0
SAIL good above 151, high at 148.8 and low at 144.10
The Essar oil may correct further and bounce back from 216-18 level But it found resistance at 236.0
For Stock Specific Action, Visit: http://www.intradaystockcalls.blogspot.com/
The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS. Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The calm inflation….
The markets are happy with the cooled crude rise and the tapering inflation growth at 12.01%. The markets accepted the two main factors that lead this up swing in the prices.
The markets happy with the given situations but the real trigger of the market is the economic growth which is also cooling, that is against the wishes of the market. The invest plans by companies except in energy are at discourage state of mind due to high interest rates. Now the markets need reforms and favourable policy decisions that trigger economic boom in the manufacturing and infrastructure.
The SGX opened flat and we are likely to open around 4500-08 level. The challenge is to see whether we can move a head to maintain the Bull momentum.
Yester day the RIL performed but the ONGC went up and traded above the first support at 1012-1015 level.
The Nifty is good above 4555-60 level and weak below 4508-09 level, the first bottom support at 4466-63 level but today likely to touch 4441-45 level.
The market are in Bull grip even they fall will bounce back so long RIL trades above 2230, ONGC above 993, Relcap above 1330 and Bharti above 825-28 level.
For Stock Specific Action, Visit: www.intradaystockcalls.blogspot.com
The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The markets happy with the given situations but the real trigger of the market is the economic growth which is also cooling, that is against the wishes of the market. The invest plans by companies except in energy are at discourage state of mind due to high interest rates. Now the markets need reforms and favourable policy decisions that trigger economic boom in the manufacturing and infrastructure.
The SGX opened flat and we are likely to open around 4500-08 level. The challenge is to see whether we can move a head to maintain the Bull momentum.
Yester day the RIL performed but the ONGC went up and traded above the first support at 1012-1015 level.
The Nifty is good above 4555-60 level and weak below 4508-09 level, the first bottom support at 4466-63 level but today likely to touch 4441-45 level.
The market are in Bull grip even they fall will bounce back so long RIL trades above 2230, ONGC above 993, Relcap above 1330 and Bharti above 825-28 level.
For Stock Specific Action, Visit: www.intradaystockcalls.blogspot.com
The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Thursday, August 07, 2008
The two sided swings and volatility killed the traders as they could not take a single sided view to make killing in the street. The markets may take some breather for it rally as it looks waiting for the shorts and the triggers from the reforms front.
The PSU counters are making good moves ahead of the mega launch of MTNL 3G services, a better announcement like BSNL IPO for its expansion plans. The Vergin mobile tie up with Tata Tele services marked the possible policy making which has now become an access to the MVNO services in INDIA as TRAI made it possible. The real policy matters as a choice/demand from the allies will make headlines after the cabinet expansion.
The MARKET pulse check by STOCKOMETER: In the morning in my Stock Specific Action, titled “The bears have advantage.... The ADRs are in green but both sides momentum buying and selling expected at this juncture- and behaved like a real tussle between the Bulls and bears. Though higher favour given to Bears, suggested that the markets make a Southward move proved wrong.
But the stocks behaved more in line, as The RIL has resistance at 2315 and the high touched was 2316.90. The RPL is strong above 171 and weak below 169. the high registered at 169.70
The RCOM is strong above 451-53 level, can touch 475 level if it can trade above 456 level and will become weak below 441 levels. The high was 452, low at 436.0
The JP is good above 189 and weak below 181 level but the high was at 189.8 and low 180.80
The DLF is getting resistance at 556-559 level but crossed and touched 563.0
The Rel cap is weak below 1393 and good above 1420 level. The high 1414.5, low 1316.55
The SBI is good above 1575 level. The high 1554.40
The ICICI is good above 721 and weak below 708 levels. The high 722 and low 693.30
For Stock Specific Action, Visit: www.intradaystockcalls.blogspot.com
The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS. Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The PSU counters are making good moves ahead of the mega launch of MTNL 3G services, a better announcement like BSNL IPO for its expansion plans. The Vergin mobile tie up with Tata Tele services marked the possible policy making which has now become an access to the MVNO services in INDIA as TRAI made it possible. The real policy matters as a choice/demand from the allies will make headlines after the cabinet expansion.
The MARKET pulse check by STOCKOMETER: In the morning in my Stock Specific Action, titled “The bears have advantage.... The ADRs are in green but both sides momentum buying and selling expected at this juncture- and behaved like a real tussle between the Bulls and bears. Though higher favour given to Bears, suggested that the markets make a Southward move proved wrong.
But the stocks behaved more in line, as The RIL has resistance at 2315 and the high touched was 2316.90. The RPL is strong above 171 and weak below 169. the high registered at 169.70
The RCOM is strong above 451-53 level, can touch 475 level if it can trade above 456 level and will become weak below 441 levels. The high was 452, low at 436.0
The JP is good above 189 and weak below 181 level but the high was at 189.8 and low 180.80
The DLF is getting resistance at 556-559 level but crossed and touched 563.0
The Rel cap is weak below 1393 and good above 1420 level. The high 1414.5, low 1316.55
The SBI is good above 1575 level. The high 1554.40
The ICICI is good above 721 and weak below 708 levels. The high 722 and low 693.30
For Stock Specific Action, Visit: www.intradaystockcalls.blogspot.com
The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS. Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The short-term pressure…
The Nifty is facing short-term pressure and likely to take a dip before it could take a up move. The opening up of telecom is likely to bring huge investments in this sector. The world rocking i-phone will boost the Bharti at the stock price also.
The Nifty may face resistive at 4560 level and will become weak if it trades below 4508-11 level may find support at 4445-50 level and the second one at 4421-23 level for this day. The buy on declines is valid only to telecom stocks only. The RIL and ONGC may weaken the Nifty upward journey.
For Stock Specific Action, Visit: www.intradaystockcalls.blogspot.com
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The Nifty may face resistive at 4560 level and will become weak if it trades below 4508-11 level may find support at 4445-50 level and the second one at 4421-23 level for this day. The buy on declines is valid only to telecom stocks only. The RIL and ONGC may weaken the Nifty upward journey.
For Stock Specific Action, Visit: www.intradaystockcalls.blogspot.com
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The short-term pressure…
The Nifty is facing short-term pressure and likely to take a dip before it could take a up move. The opening up of telecom is likely to bring huge investments in this sector. The world rocking i-phone will boost the Bharti at the stock price also.
The Nifty may face resistive at 4560 level and will become weak if it trades below 4508-11 level may find support at 4445-50 level and the second one at 4421-23 level for this day. The buy on declines is valid only to telecom stocks only. The RIL and INGC may weaken the Nifty upward journey. Incase ONGC trades below 975 level and RPL below 163 level, then huge selling is expected.
The Nifty may face resistive at 4560 level and will become weak if it trades below 4508-11 level may find support at 4445-50 level and the second one at 4421-23 level for this day. The buy on declines is valid only to telecom stocks only. The RIL and INGC may weaken the Nifty upward journey. Incase ONGC trades below 975 level and RPL below 163 level, then huge selling is expected.
For Stock Specific Action, Visit: www.intradaystockcalls.blogspot.com
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Wednesday, August 06, 2008
The higher level selling.....
The Nifty could not hold the opening gains due to selling pressure from the bears as the near time resistance is close to today’s high and the selling from the investors who made decent gains over 50% from the lows to many financial sector stocks.
Nothing un-natural happened but the global cues for tomorrow and next following sessions will decide whose side the market swings.
The MARKET pulse check by STOCKOMETER: The Nifty is strong above 4450 and may get the second support at 4400-4391 level. Incase Nifty could open above 4540 and trade above 4575 level then the short term fears will be vanished, other wise the tension to carry the longs persists. The Nifty opened above 4540 level and could trade above 4575 level in the first half and the selling came after 2.30pm.
In my Stock Specific Action I mentioned that The RIL good above 2250 and may touch 2315 and can advance to 2350 level as expected RIL touched a high of 2349.
The Tata Steel is good above 691 and weak below 678-79. The entire session it traded below 679 and touched the lower support at 641.80.
The Essar oil may correct further in case it trades below 236-34 level, the high shall be restricted at 245 levels. The morning low at 234 was breached in the evening and low touched at 225.30
The RPL is strong above 175 and weak below 169. The high was 176.9 and low was at 168.25. The DLF, Unitech, JP are in good momentum. The JP may face higher level selling at 193 level, the high touched at 192.40.
The Relcap may find resistance at 1471-75 level, The high touched at 1468.70. The SBI at 1621-23 level but the high touched at 1639.
The ICICI bank likely to retrace from 713-15 level and it will become strong above 728 level. The morning opening above 728 took it to touch a high of 747.50 and later fallen to 698.60 level.
The RCOM is good above 446-48 and weak below 436-38 level. The RCOM traded entire day above 446 but the low registered at 445.
In my previous posts titled: The mayhem in metros…28-07-2008, The Nifty will become strong only when it trades above 4360 and crosses the resistance at 4385. The strong momentum generated for the last 6 trading sessions will have some thing to say for and the next resistance at 4685 that may be crossed with out much resistance from the bears. The last two trading sessions diluted the bull momentum and the serial bomb blasts likely to impact adversely in the coming trading sessions. The short-term lower side support exists at 4093-4100 level that will give a bouncing support. For today, the lower level support at 4230-4240 level likely to be challenged.
For Stock Specific Action, Visit: www.intradaystockcalls.blogspot.com
The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS. Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Nothing un-natural happened but the global cues for tomorrow and next following sessions will decide whose side the market swings.
The MARKET pulse check by STOCKOMETER: The Nifty is strong above 4450 and may get the second support at 4400-4391 level. Incase Nifty could open above 4540 and trade above 4575 level then the short term fears will be vanished, other wise the tension to carry the longs persists. The Nifty opened above 4540 level and could trade above 4575 level in the first half and the selling came after 2.30pm.
In my Stock Specific Action I mentioned that The RIL good above 2250 and may touch 2315 and can advance to 2350 level as expected RIL touched a high of 2349.
The Tata Steel is good above 691 and weak below 678-79. The entire session it traded below 679 and touched the lower support at 641.80.
The Essar oil may correct further in case it trades below 236-34 level, the high shall be restricted at 245 levels. The morning low at 234 was breached in the evening and low touched at 225.30
The RPL is strong above 175 and weak below 169. The high was 176.9 and low was at 168.25. The DLF, Unitech, JP are in good momentum. The JP may face higher level selling at 193 level, the high touched at 192.40.
The Relcap may find resistance at 1471-75 level, The high touched at 1468.70. The SBI at 1621-23 level but the high touched at 1639.
The ICICI bank likely to retrace from 713-15 level and it will become strong above 728 level. The morning opening above 728 took it to touch a high of 747.50 and later fallen to 698.60 level.
The RCOM is good above 446-48 and weak below 436-38 level. The RCOM traded entire day above 446 but the low registered at 445.
In my previous posts titled: The mayhem in metros…28-07-2008, The Nifty will become strong only when it trades above 4360 and crosses the resistance at 4385. The strong momentum generated for the last 6 trading sessions will have some thing to say for and the next resistance at 4685 that may be crossed with out much resistance from the bears. The last two trading sessions diluted the bull momentum and the serial bomb blasts likely to impact adversely in the coming trading sessions. The short-term lower side support exists at 4093-4100 level that will give a bouncing support. For today, the lower level support at 4230-4240 level likely to be challenged.
For Stock Specific Action, Visit: www.intradaystockcalls.blogspot.com
The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS. Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The positive opening.....
The SGX Nifty is trading with a positive bias with 83 points gain and the green across Asia is likely to give a positive opening to us. The real challenge lies a head is whether we could able to hold for a bit longer time or the life is short lived?
The Nifty is strong above 4510 and likely to touch 4575-81 level where it may find resistance.
For Stock Specific Action, Visit: www.intradaystockcalls.blogspot.com
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The Nifty is strong above 4510 and likely to touch 4575-81 level where it may find resistance.
For Stock Specific Action, Visit: www.intradaystockcalls.blogspot.com
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Tuesday, August 05, 2008
The support levels & progress:
The Nifty could comfortably cross the initial hurdles with out much pain while the other Asian markets are heading south words. The contrary move will help the Bulls
Due to the short covering orders automatically push the indices but the gut feeling to face the Bear onslaught at the opening is the determined effort displayed by Bulls.
The Nifty is now in over bought position and the support levels are close to their closing prices are not a good sign while moving up. The Nifty positive development that happened is that the Nifty advanced with support levels at every 50 points down the closing.
The Nifty is strong above 4450 and may get the second support at 4400-4391 level. Incase Nifty could open above 4540 and trade above 4575 level then the short term fears will be vanished, other wise the tension to carry the longs persists. The sole drawback in the whole episode of advancement is the RIL, not able to participate whole heartedly. The RIL is weak below 2250 and good above 2285, will become stronger incase it crosses the resistance at 2350 level, so will be the Nifty. The RPL is also struggling to cross 174-175 resistance but the console is trading above 167-166 level.
The markets will become weak when RPL trades below 166, RIL trades below 2150, Bharti trades below 793 and the best out performers-SBI below 1430 and Relcap below 1293-1296 level.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Due to the short covering orders automatically push the indices but the gut feeling to face the Bear onslaught at the opening is the determined effort displayed by Bulls.
The Nifty is now in over bought position and the support levels are close to their closing prices are not a good sign while moving up. The Nifty positive development that happened is that the Nifty advanced with support levels at every 50 points down the closing.
The Nifty is strong above 4450 and may get the second support at 4400-4391 level. Incase Nifty could open above 4540 and trade above 4575 level then the short term fears will be vanished, other wise the tension to carry the longs persists. The sole drawback in the whole episode of advancement is the RIL, not able to participate whole heartedly. The RIL is weak below 2250 and good above 2285, will become stronger incase it crosses the resistance at 2350 level, so will be the Nifty. The RPL is also struggling to cross 174-175 resistance but the console is trading above 167-166 level.
The markets will become weak when RPL trades below 166, RIL trades below 2150, Bharti trades below 793 and the best out performers-SBI below 1430 and Relcap below 1293-1296 level.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The falling crude props….
The falling crude prices and like-hood of further correction is helping the emerging markets to save some money at this account. The emerging markets leader, India has great future it could save energy and generate at a better bargaining price can compete with the developed nations.
The sudden fall of crude from the 125-126 level to below 120 levels is a positive sign that propelled our markets even though the opening was flat to negative on the negative cues from US.
The MARKET pulse check by STOCKOMETER:
The NIFTY has first support at 4358-61 level, the low was at 4376, and continuously inching up day after day is a clear bullish signal.
In the morning my view on Nifty was proved wrong beyond doubt and markets added 100 points to it tally. The up move in the steel sector may take a pause and took some pause but the banking may correct a bit more as the weakness in ICICI & Kotak took the lead, I failed to understand bank stocks as my view was negative.
The previous write ups discussed in...The action for big action…..……………..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.
No problem correction…?…..24-07-08…The crude has cooled very rapidly and even broke the $120/- support. The Global markets rallied in celebration particularly the Asian pack. The Nifty has made a decent bottom support at 4050 level and temporarily not likely to go below 4240 the first support.
The sudden fall of crude from the 125-126 level to below 120 levels is a positive sign that propelled our markets even though the opening was flat to negative on the negative cues from US.
The MARKET pulse check by STOCKOMETER:
The NIFTY has first support at 4358-61 level, the low was at 4376, and continuously inching up day after day is a clear bullish signal.
In the morning my view on Nifty was proved wrong beyond doubt and markets added 100 points to it tally. The up move in the steel sector may take a pause and took some pause but the banking may correct a bit more as the weakness in ICICI & Kotak took the lead, I failed to understand bank stocks as my view was negative.
The previous write ups discussed in...The action for big action…..……………..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.
No problem correction…?…..24-07-08…The crude has cooled very rapidly and even broke the $120/- support. The Global markets rallied in celebration particularly the Asian pack. The Nifty has made a decent bottom support at 4050 level and temporarily not likely to go below 4240 the first support.
The global cues are weak….
The US closed in red and the spill over sentiment dragging the Asian Indices in to red. The Japan’s Nikkie is a sole exception; the other major indices are trading lower by 1.5-2%. The SGX is lower by 20 points.
The undertone is bullish and there is no doubt about it but the continues up move even the rest of the world is fall is a clear signal of bullishness but cannot be assured for a longer period as we are inter woven with the world economy. The sole supporting cue is the crude trading at $120 and likely to trade below that support level in coming days.
The Nifty support level are same as given yesterday, the second support may breach but could close above that.
The up move in the steel sector may take a pause but the banking may correct a bit more as the weakness in ICICI & Kotak took the lead.
For Stock Specific Action, Visit: www.intradaystockcalls.blogspot.com
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The undertone is bullish and there is no doubt about it but the continues up move even the rest of the world is fall is a clear signal of bullishness but cannot be assured for a longer period as we are inter woven with the world economy. The sole supporting cue is the crude trading at $120 and likely to trade below that support level in coming days.
The Nifty support level are same as given yesterday, the second support may breach but could close above that.
The up move in the steel sector may take a pause but the banking may correct a bit more as the weakness in ICICI & Kotak took the lead.
For Stock Specific Action, Visit: www.intradaystockcalls.blogspot.com
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Monday, August 04, 2008
The consolidation in volatile move……..
The Nifty moved in a narrow margin with volatility wiping the traders on both sides but the investors gained as many stocks made stellar moves, especially the Essar oil gaining more than 16%. The Nifty took the much needed support but could not cross the resistance at 4445-40 level is a big concern for tomorrow.
The MARKET pulse check by STOCKOMETER: The NIFTY has immediate support at 4358-61 level, the low registered at 4362.90.
As suggested in the stock specific action: The RIL is strong so long it trades above 2250 and will become weak if it trades below 2230 level.
The beaten down RCOM may put its neck out above the trouble if it could trade above 455 level and will be weak below 439. It was traded in very narrow band.
The RPL could cut the resistance at 169 on Friday but the major resistance at 174-175 level, for today it will be weak below 166. The RPL high at 175.1 and low at 167.40 .
The DLF and Unitech may find buyers if they can form foreign alliances for 3G. The DLF is good above 503 and weak below 493. The DLF high at 524.1 and low at 501. The Unitech is good above 173 and weak below 166-65 level. The Unitech high at 175.0 and low at 167.00. The JP good above 166 and weak below 163. The JP high at 171.90 and low was registered at 152.15 but did not trade below 166 level.
The SBI has support above 1445-50 level, The high at 1547.0 and low at 1479.00. Relcap is good above 1293-96 level. The high touched at 1373.0 and low at 1310.00
For Stock Specific Action, Visit: www.intradaystockcalls.blogspot.com
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The MARKET pulse check by STOCKOMETER: The NIFTY has immediate support at 4358-61 level, the low registered at 4362.90.
As suggested in the stock specific action: The RIL is strong so long it trades above 2250 and will become weak if it trades below 2230 level.
The beaten down RCOM may put its neck out above the trouble if it could trade above 455 level and will be weak below 439. It was traded in very narrow band.
The RPL could cut the resistance at 169 on Friday but the major resistance at 174-175 level, for today it will be weak below 166. The RPL high at 175.1 and low at 167.40 .
The DLF and Unitech may find buyers if they can form foreign alliances for 3G. The DLF is good above 503 and weak below 493. The DLF high at 524.1 and low at 501. The Unitech is good above 173 and weak below 166-65 level. The Unitech high at 175.0 and low at 167.00. The JP good above 166 and weak below 163. The JP high at 171.90 and low was registered at 152.15 but did not trade below 166 level.
The SBI has support above 1445-50 level, The high at 1547.0 and low at 1479.00. Relcap is good above 1293-96 level. The high touched at 1373.0 and low at 1310.00
For Stock Specific Action, Visit: www.intradaystockcalls.blogspot.com
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The fall may emerge…….
The Asian markets are trading lower by nearly 1.5-2% with negative cues from the last two trading days from US. The SGX (Singapore Nifty) is right now trading at 40 points down below 4400.
The NIFTY has immediate support at 4358-61 level and the second support at the 4306-4311. We could avoid the Friday fall and positively closed with the support from the India specific approvals from IAEA. Today it may not be the same and may loose the 80 points gain made on Friday and any close above 4335 is favourable to Bulls for the following sessions. The ONGC may correct incase it fails to trade above 1000 level and RIL fails to trade above 2270 then the markets become weak.
For 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 immediate support at 4358-61 level and the second support at the 4306-4311. We could avoid the Friday fall and positively closed with the support from the India specific approvals from IAEA. Today it may not be the same and may loose the 80 points gain made on Friday and any close above 4335 is favourable to Bulls for the following sessions. The ONGC may correct incase it fails to trade above 1000 level and RIL fails to trade above 2270 then the markets become weak.
For Stock Specific Action, Visit: www.intradaystockcalls.blogspot.com
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Sunday, August 03, 2008
The Opportunities & Challenges
There are few stocks already out performed the market by many points. The Nifty closed on May 30th at 4850 opening day of the June series and the Aug- series opened with a closing at 4433 with a net loss of 417 points.
The beauty is that many scrips in the F&O segment out performed the Nifty. The BankNifty was lower by 567 points but the notable banks like Bank of Baroda in May closed at 265 and on Friday closed at 276, BHEL was in May at 1663 and on Friday closed at 1770, ONGC in May at 864 and on Friday closed at 1005 out performing by Rs140/-.The State Bank of India in May at 1448 and on Friday closed at 1486.The Renuka sugars was at 113 and at 135. The Union Bank in May at 134 and on Friday closed at 138. One of the under performers is Siemens turned out to be a successful out performer by Rs19/-. In the pharma sector Cipla, Lupin and Sun made their mark. The sole out performer in the auto sector is Hero Honda by Rs 44/-.
The worst performers are Aban lost Rs 1484/- in two months, ABB lost Rs 219/-, Adlabs lost by more than Rs 90/-, Axis bank lost nearly Rs 109/-, Bharti lost Rs 50+/-, Biocon lost by Rs 79/-, Corp Bank lost Rs 71/-, Grasim lost Rs 377/-, HDFC lost Rs 138/- where as HDFC Bank lost by Rs 210/-, ICICI bank lost by Rs 139/-, IDFC by Rs 49/-, MARUTI lost nearly Rs 200/-, RCOM by 137/-, Reliance by nearly Rs 93/-, Rpower by Rs 60/-, Infosys by Rs290/-, Satyam by Rs133/-, TCS lost Rs 171/- Wipro lost Rs 66/- Tata Power lost Rs 244/-, Tata Steel lost Rs 218/- DLF lost Rs 73/-, Unitech lost Rs 63/-HDIL lost Rs 265/, JP Associates lost Rs 43/-, Ster lost Rs 287/- Hindalco lost Rs 51/-and Zee lost more than Rs 25/-.
The whole effort is to highlight the sectors out performing and the possible journey that the front line stocks can make while Nifty heading towards 4800 level.
The beauty is that many scrips in the F&O segment out performed the Nifty. The BankNifty was lower by 567 points but the notable banks like Bank of Baroda in May closed at 265 and on Friday closed at 276, BHEL was in May at 1663 and on Friday closed at 1770, ONGC in May at 864 and on Friday closed at 1005 out performing by Rs140/-.The State Bank of India in May at 1448 and on Friday closed at 1486.The Renuka sugars was at 113 and at 135. The Union Bank in May at 134 and on Friday closed at 138. One of the under performers is Siemens turned out to be a successful out performer by Rs19/-. In the pharma sector Cipla, Lupin and Sun made their mark. The sole out performer in the auto sector is Hero Honda by Rs 44/-.
The worst performers are Aban lost Rs 1484/- in two months, ABB lost Rs 219/-, Adlabs lost by more than Rs 90/-, Axis bank lost nearly Rs 109/-, Bharti lost Rs 50+/-, Biocon lost by Rs 79/-, Corp Bank lost Rs 71/-, Grasim lost Rs 377/-, HDFC lost Rs 138/- where as HDFC Bank lost by Rs 210/-, ICICI bank lost by Rs 139/-, IDFC by Rs 49/-, MARUTI lost nearly Rs 200/-, RCOM by 137/-, Reliance by nearly Rs 93/-, Rpower by Rs 60/-, Infosys by Rs290/-, Satyam by Rs133/-, TCS lost Rs 171/- Wipro lost Rs 66/- Tata Power lost Rs 244/-, Tata Steel lost Rs 218/- DLF lost Rs 73/-, Unitech lost Rs 63/-HDIL lost Rs 265/, JP Associates lost Rs 43/-, Ster lost Rs 287/- Hindalco lost Rs 51/-and Zee lost more than Rs 25/-.
The whole effort is to highlight the sectors out performing and the possible journey that the front line stocks can make while Nifty heading towards 4800 level.
II -The DEEP POCKETS love the fall…..
The market experts claim that we are in Bull market correction when the indices are falling fast enough to erode the bottom supports and again advocate that we are in bear phase, the rallies that took place are short lived and the rise is due to short coverings.
The fundamentals of the economy and more of the company are the two important factors/elements on which the managers build their portfolios. The retail investor mostly goes by tips, known person suggestions. The retail investor with “meager savings invested” gets confused where to exit and where to enter. The real problem with the retail investors is that the investments made in stock market are not in the nature of systematic investment but in one go due to limited availability of the source. In case if it happens in the bull run then the capital appreciation rate of growth lures a lot, forces for a leveraged positions that normally happens at the peak of the Bull run. We all as market participants know what happens to a leveraged position running with hope against the market trend.
The retail investor by chance gets the opportunity to exit at the peak and could wait for some time but the bounce back rallies at the first leg it self attract the total spared money for reinvestment and make hopeless in distress as the fall will be steep and looks for a solace by self-deception, relies on the news that the markets are in bull phase and the correction is only for the good.
These un-written guaranteed assurances keeps in position, makes a long waiting and that waiting goes in to the bear phase recommendation. The so called smart retail investors most of times go for a falling averages, just to reduce the cost with volume accelerate the B.P. and goes with empty hands.
If we consider the business cycles are existing since time immemorial and they consolidate there after for some time before a fresh lease of life is infused to reach the next step, like that it is also common to the stock markets. The markets get their peak and fall to a level from where it will difficult to fall further could be considered as bottom.
The managers are left with enough money to re-invest incase they go wrong at the price front. Those poor investors who wait all along the gloomy period again get trapped in these kind of suggestions that the up move rallies are short lived and they are, then the retail investor gets out of position with a (false) confidence, walks out of the street with a great feeling, a relief from the burden some pain carried all along the way. The retail investor takes this painful decision and goes bust by booking the loss with one or the other pretext where as the HNIs, deep pockets keep their nets wide open for a big catch.
The stock markets are such places that though no body has grudge or vengeance on the other person but during the process of making money by win over the other person(s), use of all available techniques on the earth. The rule is so simple like the underworld- If you do not kill, you will be killed.
The theories and the happenings on the face of it ratify those recommendations of the experts. There is no doubt that the time-line for any Bull or the Bear phase cannot be drawn by any person. So the experts get the advantage and can easily say that how can any body come to a conclusion at the very beginning?.
The retail investors need to ask a simple question when the proven legends of our history like Warren Buffett made millions by following long-term value investing, why we are caught up in loosing money?. The answer could be one among many- “Never invest on tips, the money you cannot wait till the targeted price is achieved”.
The fact is that- All the short lived rallies that took place in the “pessimistic view” about the markets are the foundations to the up coming Bull phase rallies.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The fundamentals of the economy and more of the company are the two important factors/elements on which the managers build their portfolios. The retail investor mostly goes by tips, known person suggestions. The retail investor with “meager savings invested” gets confused where to exit and where to enter. The real problem with the retail investors is that the investments made in stock market are not in the nature of systematic investment but in one go due to limited availability of the source. In case if it happens in the bull run then the capital appreciation rate of growth lures a lot, forces for a leveraged positions that normally happens at the peak of the Bull run. We all as market participants know what happens to a leveraged position running with hope against the market trend.
The retail investor by chance gets the opportunity to exit at the peak and could wait for some time but the bounce back rallies at the first leg it self attract the total spared money for reinvestment and make hopeless in distress as the fall will be steep and looks for a solace by self-deception, relies on the news that the markets are in bull phase and the correction is only for the good.
These un-written guaranteed assurances keeps in position, makes a long waiting and that waiting goes in to the bear phase recommendation. The so called smart retail investors most of times go for a falling averages, just to reduce the cost with volume accelerate the B.P. and goes with empty hands.
If we consider the business cycles are existing since time immemorial and they consolidate there after for some time before a fresh lease of life is infused to reach the next step, like that it is also common to the stock markets. The markets get their peak and fall to a level from where it will difficult to fall further could be considered as bottom.
The managers are left with enough money to re-invest incase they go wrong at the price front. Those poor investors who wait all along the gloomy period again get trapped in these kind of suggestions that the up move rallies are short lived and they are, then the retail investor gets out of position with a (false) confidence, walks out of the street with a great feeling, a relief from the burden some pain carried all along the way. The retail investor takes this painful decision and goes bust by booking the loss with one or the other pretext where as the HNIs, deep pockets keep their nets wide open for a big catch.
The stock markets are such places that though no body has grudge or vengeance on the other person but during the process of making money by win over the other person(s), use of all available techniques on the earth. The rule is so simple like the underworld- If you do not kill, you will be killed.
The theories and the happenings on the face of it ratify those recommendations of the experts. There is no doubt that the time-line for any Bull or the Bear phase cannot be drawn by any person. So the experts get the advantage and can easily say that how can any body come to a conclusion at the very beginning?.
The retail investors need to ask a simple question when the proven legends of our history like Warren Buffett made millions by following long-term value investing, why we are caught up in loosing money?. The answer could be one among many- “Never invest on tips, the money you cannot wait till the targeted price is achieved”.
The fact is that- All the short lived rallies that took place in the “pessimistic view” about the markets are the foundations to the up coming Bull phase rallies.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Ahead of Nifty…..
The Nifty has recovered from the lows of the day with a negative opening to a bumper buying placed the Nifty to close at its day’s high. The Nifty took the advantage of both the short covering, coupled with buying made buy the smart money in a quiet manner that was against to the global movements of the day there by surprising many.
The positive news that pulled up the indices was on the news that the IAEA has agreed in principle to the draft recommendations and conditions proposed by INDIA. The specific news worth of more than 1 lakh crores lured the well informed HNIs and the fund managers to grab the opportunity. The 3G spectrum guidelines and the proposed number portability also added fuel to the fire. The rise is not the question at this point in time but the sustainability of the up move.
The Nifty could place itself comfortably trade above 4100 which is the major support for all practical purposes in the short term. The short-term support exists for Monday at above 4350 level and the second one at 4320 level but fall in any case arises shall be used for buying and the Nifty could touch & cross 4685 level in the very near term. The earlier suggested bottom supports valid as there was no violation.
The concern in tightening of money supply in the system is not seriously viewed by the industry but the cost of getting those funds could adversely impact the growth plans especially the reality, infra and the automobile sectors.
In my earlier write up tilted: The Asian meltdown….. mentioned about Bharti and today “The Business Line” covered a detailed scrip analysis in “Investment Focus”.
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 levels, but for today it is very likely that it will be available at 703-06 or even below that support level. On 15-07-08, Bharti low was at 695 and closed at 710.)
The positive news that pulled up the indices was on the news that the IAEA has agreed in principle to the draft recommendations and conditions proposed by INDIA. The specific news worth of more than 1 lakh crores lured the well informed HNIs and the fund managers to grab the opportunity. The 3G spectrum guidelines and the proposed number portability also added fuel to the fire. The rise is not the question at this point in time but the sustainability of the up move.
The Nifty could place itself comfortably trade above 4100 which is the major support for all practical purposes in the short term. The short-term support exists for Monday at above 4350 level and the second one at 4320 level but fall in any case arises shall be used for buying and the Nifty could touch & cross 4685 level in the very near term. The earlier suggested bottom supports valid as there was no violation.
The concern in tightening of money supply in the system is not seriously viewed by the industry but the cost of getting those funds could adversely impact the growth plans especially the reality, infra and the automobile sectors.
In my earlier write up tilted: The Asian meltdown….. mentioned about Bharti and today “The Business Line” covered a detailed scrip analysis in “Investment Focus”.
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 levels, but for today it is very likely that it will be available at 703-06 or even below that support level. On 15-07-08, Bharti low was at 695 and closed at 710.)
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