02-05-2014: WEDNESDAY- MARKET APPROACH STRATEGY

30-04-2014: Wednesday-OVER-VIEW:

The POLLING progressed noon, the high beta stocks and the favourites of MODI, got severe beating…???????????.

The market has some important information about the poll results incase ADANI trades below 409, and it is serious if it trades below 393 level……Never forget that the most players are well informed.

THE STOCKMARKET IS A BIG PLAYERS GAME WHERE THE RETAIL FOLKS GET BULLDOZED EVERY TIME AND IT IS A PERNIAL OCCURANCE…HERE….”HISTORY REPEATS AGAIN”

The Nifty got the panic button triggered when it touched 6778-81 level. The yesterday bear hammering in Metals, Auto continued and the banking lot got severe beating by bears as an opportunity to build positions at higher levels.

The PSU banks results are good, IOB, CANBK, Union bank and BOB are still in the BULLS favourites…

The severe bear beating is seen in series but neglected by most (even myself, failed to notice) The first severe dumping happened in WIPRO, then in Jindal steel, Hexaware, DLF, CenturyTextiles....etc and other counters to follow soon.

02-05-2014: WEDNESDAY- MARKET APPROACH STRATEGY:

The Global markets are not seriously affected but the damaged has started weeks before. Mostly consolidation will takes place. The Markets are preparing for the POLL OUT COME….

So both sides BULLs and BEARs make their huge bets so the volatility will be seriously rigorous….. The markets are seeing more uncertainties ahead rather than HOPES but as of now the HOPE is much stronger than the challenges.. so it is very likely that the markets will see some kind of FILL-UP.

From the highs to low there was more than 210 points fall in Nifty and 530 points in Bank Nifty. So mostly there will be some pull back in the hammered counters.

Nifty Resistance at 6727-32 level; Support at 6643 & 6629 Free fall below 6618

BankNifty Resistance at 12946-74 Support at 12689-12663 Free Fall below 12618-21

But the markets may see some up-move in the first half till the Europe opening and then it will follow the global trends…

DAY-BULL COUNTERS: Northward Moves

Nifty Support at  Resistance at  Good above

BankNifty Support at Resistance at  Good above

RIL Support at 934-929 Resistance at 944 Good above 949-951

NEWS IMPACT: The retrospective effect of Gas price increase is a good news to RIL

ECONOMIC--NEWS: There are hopes that the Economy will do well and Growth may touch 6%.

COMPANY SPECIFIC-NEWS: Istanbull Airport stake disinvestment gave 1800 cr to GMR Infra is a good news for cash strapped company….

Almost all PSU banks are in unwinding mode , so any slightest fall can trigger a serious DUMP… where as IOB, IDBI,BOB and some banks like AXIS and YES are adding OI.

F&O-COMPANY -NEWS: BOB and YES and AXIS are adding OI

DAY-BEAR COUNTERS:Southward Moves

Nifty Resistance at 6727-32 level; Support at 6643 & 6629 Free fall below 6618

BankNifty Resistance at 12946-74 Support at 12689-12663 Free Fall below 12618-21

M&M Resistance at 978-81 Support at 951-46 Free fall below 39

Tatamotors Resistance at 432-33 Support at 409-06

RelInfra Resistance at 511-14 Support at 493-89 Good above 429

NEWS IMPACT: The auto sales numbers arenot encouraging the locals. So some serious correction on the cards but TMotors has some new launches

POLICY-NEWS: TRAI may add 8% on ISP is not a good news to TELECOs

COMPANY SPECIFIC-NEWS: The RELINFRA-NTPC row, negative news to Relinfra

F&O-COMPANY -NEWS: Serious unwinding is seen in ADANI ports and power where the Enterprise is kept on adding OI.