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.
