The Bulls made a killing in the bourses, along waited accumulation sparked with a stellar performance that even greeted the new RBI Governor.
The regular readers will notice the developments and the levels suggested were in line with the performance of the markets. A copy of the earlier suggestion will be pasted for study and reference……
Yester day posted as the markets may recover on the back of RIL up move which can save the markets if it trades above 2120 level and weak below 2104-06 level. The RIL got support at 2125. The ONGC is weak below 1015-18 level and good above 1040 level which may not possible to day(yesterday expected).But see the ONGC move today made, regidtered low at 1040.
I categorically mentioned in my previous posts as …. The Nifty as earlier said has support at 4280 level but it shall not trade below that level as it is a sacrosanct level with a small consideration up to 4240 level that could become as a last chance. The upper side pressure are used as opportunities to buy the stocks, enables the Bulls to run smoothly “turf clearing” exercise for a big up side move.
I clearly mentioned in the morning about the stock specific action and the equities fall in line with global action, likely take off at stocks like SBI, Relcap, ICICI bank, DLF, JP, RCOM and even Cairn fell as expected in the morning, the moves gone in our favour as the crude crashed even to 104 dollars breaching the 110-115 band.
Please try to read my earlier posts for better understanding of this situation.
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.
Tuesday, September 02, 2008
Welcome SubbaRao….
The hearty welcome to Subba Rao to the helm of affairs at RBI to give a jubilant growth oriented financial directions to Indian economy.
The markets are good to hold above the immediate support level at 4280 level. The markets are likely to get more room to go upward as the resistance is decreasing. The SGX Nifty is now trading flat at 4370 with positive bias. The Hang Seng is struggling to stay above positive territory by 5 points but the Nikkei is in positive territory with 60 points up.
The markets move now will be determined by the global equity movements. The local news triggers are now company specific. The Suzlon buy in RE power reaches to 90% stake- the stock is good above 220 level and has bottom support at 208 and at 203.
The long drawn dispute went in favour of RCOM with Tata Communications may give some boost to the sagging stock price to float above 393 level, good above 406-05 weak below 381.
The fall in crude prices may dampen the Cairn but will help the BPCL, HPCL and the aviation sector.
The Tata Steel plans to buy the mine reserves may help the stock to move up as a temporary relief, good above 591 and may move to 640 level in line with the market movement.
The banking sector especially the SBI is good above 1375 level and can be considered that the markets lost the steam if it falls below 1340 level. For today, good above 1408-06 level may touch 1460 level.
The ICICI bank is good above 672 level and weak below 659 level, likely to touch 720 level in the coming days. The Relcap is struggling to cross the resistance at 1420-40 range which may live for some more time. It is good above 1380 level but weak below 1349 level.
The DLF could cross the 491 resistance may touch 540 level for today it has resistance at 509-11 level and once 515 resistance crossed may rally to 540 level.
The JP is good above 163 level and weak below 159 level.
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 are good to hold above the immediate support level at 4280 level. The markets are likely to get more room to go upward as the resistance is decreasing. The SGX Nifty is now trading flat at 4370 with positive bias. The Hang Seng is struggling to stay above positive territory by 5 points but the Nikkei is in positive territory with 60 points up.
The markets move now will be determined by the global equity movements. The local news triggers are now company specific. The Suzlon buy in RE power reaches to 90% stake- the stock is good above 220 level and has bottom support at 208 and at 203.
The long drawn dispute went in favour of RCOM with Tata Communications may give some boost to the sagging stock price to float above 393 level, good above 406-05 weak below 381.
The fall in crude prices may dampen the Cairn but will help the BPCL, HPCL and the aviation sector.
The Tata Steel plans to buy the mine reserves may help the stock to move up as a temporary relief, good above 591 and may move to 640 level in line with the market movement.
The banking sector especially the SBI is good above 1375 level and can be considered that the markets lost the steam if it falls below 1340 level. For today, good above 1408-06 level may touch 1460 level.
The ICICI bank is good above 672 level and weak below 659 level, likely to touch 720 level in the coming days. The Relcap is struggling to cross the resistance at 1420-40 range which may live for some more time. It is good above 1380 level but weak below 1349 level.
The DLF could cross the 491 resistance may touch 540 level for today it has resistance at 509-11 level and once 515 resistance crossed may rally to 540 level.
The JP is good above 163 level and weak below 159 level.
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.
Monday, September 01, 2008
The bottom building….
The global weakness was defied by the Indian markets though the fall was used to build positions. The markets are in bottom building exercise that helps the Nifty to stay above 4285 level. Today Nifty made a high of 4365 and the low touched at 4281.35. Yesterday night posted as (….……The Nifty has bottom support at 4281-83 level, keeps the faith in the up move).
In the morning it was posted as ...(The markets may recover on the back of RIL up move which can save the markets if it trades above 2120 level and weak below 2104-06 level.
The ONGC is weak below 1015-18 level and good above 1040 level which may not possible to day.
The Tata Steel that recovered on Friday has to trade above 591 level and good above 605 level. The Sail is good above 151-53 level).
The RIL and ONGC saved the day with out further damage; markets welcomed the RIL’s decision to cancel the proposed idea to transfer the assets of KG basin. The metal stocks turned weak as expected and the banking counters maintained the previous trend developed on Friday.
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.
In the morning it was posted as ...(The markets may recover on the back of RIL up move which can save the markets if it trades above 2120 level and weak below 2104-06 level.
The ONGC is weak below 1015-18 level and good above 1040 level which may not possible to day.
The Tata Steel that recovered on Friday has to trade above 591 level and good above 605 level. The Sail is good above 151-53 level).
The RIL and ONGC saved the day with out further damage; markets welcomed the RIL’s decision to cancel the proposed idea to transfer the assets of KG basin. The metal stocks turned weak as expected and the banking counters maintained the previous trend developed on Friday.
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 continuation…….
The Bull move that filled confidence in the markets is likely to be challenged to day. The fall in the US and the weak Asian markets may fill distress in our markets. The SGX Nifty is now trading with 70 points loss at 4290 level, The Hang Seng is down by 375 points but the Nikkei is in negative territory with 180 points down.
The markets may recover on the back of RIL up move which can save the markets if it trades above 2120 level and weak below 2104-06 level. The ONGC is weak below 1015-18 level and good above 1040 level which may not possible to day. The Tata Steel that recovered on Friday has to trade above 591 level and good above 605 level. The Sail is good above 151-53 level.
The banking lot enthused by the falling inflation has support at the bottom level as they emerged to stay in positive territory with their 7 % up in Friday trades.
The reality sector which is dwindling, moving like pendulum may once again get the momentum once again. The DLF is weak below 485 and good above 491-93 level. The India Bulls real estate may face resistance at 291-93 level can touch 270-69 level. The sugar sector may find takers below 5-7% from the current levels. The Renuka is good at 103-105 level, Balrampur is good at 81-79 level. The level could become a very good opportunity to enter in an outperforming sector.
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 may recover on the back of RIL up move which can save the markets if it trades above 2120 level and weak below 2104-06 level. The ONGC is weak below 1015-18 level and good above 1040 level which may not possible to day. The Tata Steel that recovered on Friday has to trade above 591 level and good above 605 level. The Sail is good above 151-53 level.
The banking lot enthused by the falling inflation has support at the bottom level as they emerged to stay in positive territory with their 7 % up in Friday trades.
The reality sector which is dwindling, moving like pendulum may once again get the momentum once again. The DLF is weak below 485 and good above 491-93 level. The India Bulls real estate may face resistance at 291-93 level can touch 270-69 level. The sugar sector may find takers below 5-7% from the current levels. The Renuka is good at 103-105 level, Balrampur is good at 81-79 level. The level could become a very good opportunity to enter in an outperforming sector.
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.
Sunday, August 31, 2008
The Years ahead ….
The Bulls combined effort to bring the Nifty to a better level was based on selectively risen stocks with low volumes. The global weakness is always threatening to emerging markets like India to move up.
The euphoria that was generated yester day may be well challenged by the Bears if the Nifty fails to trade above 4375-79 level and shall cross the 4411-14 level to confirm the bull strength. The Nifty has bottom support at 4281-83 level, keeps the faith in the up move.
The RIL has scrapped the bad idea of transferring the assets of KG basin to it subsidiaries when the stock tanked by 15% from its recent highs. The ONGC expansion plans were not so enthused the markets as they were treated as long-term investments that can protect the depleting reserves of Bombay high. The Tata Steel consolidated results were good but the falling steel prices threaten to keep the growth even though the raw material prices are also falling.
Now the markets ready to accept the info stocks dependant on US revenue resources are likely to be down graded as the chances of Obama winning the presidential elections improves. The clear down trend can be seen if Satyam trades below 405-401 level and Infy trades below 1640 level.
The infra structure stocks are likely to gain strength as the investments in India likely to see a sea change after the new govt. takes oath in office of power in May-09. The long-term investors can make a bargain hunting in the infra structure stocks. In short term the focus will be in commodity business as the demand expansion took place before a planned investment in resource expansion.
The 3G policy has big promise to Telecom stocks but the internet service providers will eat away big chunk of profits as the Internet- telephony is to explode in India.
The broad band service likely to took over the mobile communication as the govt. will to go video-conference in a big way in coming two-three years for better governance. The retail and manufacturing companies will use this opportunity for management of raw material and finished product. After three or four year’s time power generation and power trading will have great future as the planned projects will be operationalised by that time.
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 euphoria that was generated yester day may be well challenged by the Bears if the Nifty fails to trade above 4375-79 level and shall cross the 4411-14 level to confirm the bull strength. The Nifty has bottom support at 4281-83 level, keeps the faith in the up move.
The RIL has scrapped the bad idea of transferring the assets of KG basin to it subsidiaries when the stock tanked by 15% from its recent highs. The ONGC expansion plans were not so enthused the markets as they were treated as long-term investments that can protect the depleting reserves of Bombay high. The Tata Steel consolidated results were good but the falling steel prices threaten to keep the growth even though the raw material prices are also falling.
Now the markets ready to accept the info stocks dependant on US revenue resources are likely to be down graded as the chances of Obama winning the presidential elections improves. The clear down trend can be seen if Satyam trades below 405-401 level and Infy trades below 1640 level.
The infra structure stocks are likely to gain strength as the investments in India likely to see a sea change after the new govt. takes oath in office of power in May-09. The long-term investors can make a bargain hunting in the infra structure stocks. In short term the focus will be in commodity business as the demand expansion took place before a planned investment in resource expansion.
The 3G policy has big promise to Telecom stocks but the internet service providers will eat away big chunk of profits as the Internet- telephony is to explode in India.
The broad band service likely to took over the mobile communication as the govt. will to go video-conference in a big way in coming two-three years for better governance. The retail and manufacturing companies will use this opportunity for management of raw material and finished product. After three or four year’s time power generation and power trading will have great future as the planned projects will be operationalised by that time.
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 28, 2008
Want of policy decisions ?……
The surprising dullness in the number of interviews conducted by the Finance Minister and Commerce Minister generating anxious moments in the minds of the investors. There were no triumphant statements on the progress made or the hope generating public announcements either. There was some kind of tussle in the minds of the Ministers as they could not open themselves as usually due to some undisclosed monitoring/controlling.
The early signs of tapering of inflation curve may give some boost to the markets. The inflation was at 12.4 % Vs 12.63% on week on week basis. The markets peacefully crossed the August series with out any fire works as the heavy weights already shown the signals of weakness, made no trouble to Bears.
As suggested in the morning the RIL did not touched 2185 level, made a high of 2168. In my earlier posts suggested that in case RIL trades below 2173 level a free fall is expected but that time it bounced back from 2153 level, begining of August series. The Tata Steel made a high of 589, RCOM made a high of 402.50. The Bharti made a high of 822.90 and a low of 796.35, could pierce the resistance at 818-19 level but could not trade above that level, it took support at 795-96 level. The ONGC made a high of 1019.90 and took support above 985 level.(….There was no change in the levels of Nifty but RIL has to trade above 2185 for up move, RCOM above 405-06 level and Tata Steel above 591, Bharti good above 818 and ONGC good above 1018-20 level).
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 early signs of tapering of inflation curve may give some boost to the markets. The inflation was at 12.4 % Vs 12.63% on week on week basis. The markets peacefully crossed the August series with out any fire works as the heavy weights already shown the signals of weakness, made no trouble to Bears.
As suggested in the morning the RIL did not touched 2185 level, made a high of 2168. In my earlier posts suggested that in case RIL trades below 2173 level a free fall is expected but that time it bounced back from 2153 level, begining of August series. The Tata Steel made a high of 589, RCOM made a high of 402.50. The Bharti made a high of 822.90 and a low of 796.35, could pierce the resistance at 818-19 level but could not trade above that level, it took support at 795-96 level. The ONGC made a high of 1019.90 and took support above 985 level.(….There was no change in the levels of Nifty but RIL has to trade above 2185 for up move, RCOM above 405-06 level and Tata Steel above 591, Bharti good above 818 and ONGC good above 1018-20 level).
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.
August series closes…..
The markets are opening with a schedule; a day of expiry, roll over busy and the stock specific action is more focused. The Nifty did not made any good move from the earlier July closing was at 4333, yesterday closing was at 4292.
The nearly 40 down from previous closing made some significant changes in the stock prices. There are serious looser stocks like ABAN down by Rs 365/-, ACC down by Rs 26.5/-, AMTEK AUTO down by Rs 32/-, BANKINDIA down by Rs 20/-, BEL down by Rs 38.5/-, BHUSHANSTEEL down by Rs 79/-, BOMDYEING down by Rs 73.5/-, BPCL down by Rs 30/-, CHENNAIPETRO down by Rs 40/-, JINDALSTEEL down by Rs 197/-, LITL down by Rs 22./-, LITL down by Rs 22./-, LITL down by Rs 22./-, LITL down by Rs 22/-, NDTV down by Rs 76./-, RCOM down by Rs 102./-, RELCAP down by Rs 28./-, RELIANCE down by Rs 58./-, RNRL down by Rs 5./-, SBIN down by Rs 82./-, TATAPOWER down by Rs 144./-, TATASTEEL down by Rs 46./- and SUZLON down by Rs 18./-.
There was no change in the levels of Nifty but RIL has to trade above 2185 for up move, RCOM above 405-06 level and Tata Steel above 591, Bharti good above 818 and ONGC good above 1018-20 level.
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 nearly 40 down from previous closing made some significant changes in the stock prices. There are serious looser stocks like ABAN down by Rs 365/-, ACC down by Rs 26.5/-, AMTEK AUTO down by Rs 32/-, BANKINDIA down by Rs 20/-, BEL down by Rs 38.5/-, BHUSHANSTEEL down by Rs 79/-, BOMDYEING down by Rs 73.5/-, BPCL down by Rs 30/-, CHENNAIPETRO down by Rs 40/-, JINDALSTEEL down by Rs 197/-, LITL down by Rs 22./-, LITL down by Rs 22./-, LITL down by Rs 22./-, LITL down by Rs 22/-, NDTV down by Rs 76./-, RCOM down by Rs 102./-, RELCAP down by Rs 28./-, RELIANCE down by Rs 58./-, RNRL down by Rs 5./-, SBIN down by Rs 82./-, TATAPOWER down by Rs 144./-, TATASTEEL down by Rs 46./- and SUZLON down by Rs 18./-.
There was no change in the levels of Nifty but RIL has to trade above 2185 for up move, RCOM above 405-06 level and Tata Steel above 591, Bharti good above 818 and ONGC good above 1018-20 level.
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.
Tuesday, August 26, 2008
The consolidation move………
The markets are moving in arrange of 120-150 points between 4280 to 4420 level for the last one week. The market is neither in favour of Bulls nor for Bears as the consolidation is in process. The markets lost the volume drive due to higher expectations. The stock specific move making the traders confused and the investors surprised.
As expected in the morning, the Nifty made a low of 4283.3 and a high of 4345.05, closed at 4337.50, a close nearer to the previous day closing. (…..the Nifty as earlier said has support at 4280 level but it shall not trade below that level as it is a sacrosanct level with a small consideration up to 4240 level that could become as a last chance). The markets could with stand the Bear pressure due to weak US cues and the falling Asian markets.
The regular readers will observe the RIL strong above 2220 level and weak below 2193 level which was nose dived during the early trade to 2146 level. The same is true with ONGC got support at 980 level, started the up move to 1025 level. The Bharti case is also the same as it did not trade below 793 in spite of the repeated attempts made by the Bears. The RPL took support at 156 level and tried to cross the resistance at 161 level. The markets are expecting the political equations be neutralized, as the harsh statements on RIL & RPL worked well to dry up the volumes, thanks to the vindictive nature of the propping allies.
As expected in the morning, the Nifty made a low of 4283.3 and a high of 4345.05, closed at 4337.50, a close nearer to the previous day closing. (…..the Nifty as earlier said has support at 4280 level but it shall not trade below that level as it is a sacrosanct level with a small consideration up to 4240 level that could become as a last chance). The markets could with stand the Bear pressure due to weak US cues and the falling Asian markets.
The regular readers will observe the RIL strong above 2220 level and weak below 2193 level which was nose dived during the early trade to 2146 level. The same is true with ONGC got support at 980 level, started the up move to 1025 level. The Bharti case is also the same as it did not trade below 793 in spite of the repeated attempts made by the Bears. The RPL took support at 156 level and tried to cross the resistance at 161 level. The markets are expecting the political equations be neutralized, as the harsh statements on RIL & RPL worked well to dry up the volumes, thanks to the vindictive nature of the propping allies.
The global weakness….
The weakness in the global cues and the red in Asian markets may put pressure on our markets too. The challenge is to see how much strength in the markets to absorb the selling pressure and the resilience to keep the neck out to say “I am Strong”.
The SGX Nifty is trading 30 points discount to yesterday closing. The SGX Nifty is now at 4300 level. The Hang Seng with its robust yesterday move slide only one fourth but Nikkei lost all the gains made yesterday. The closing of august series will influence the markets rather than the outside clues.
The Nifty as earlier said has support at 4280 level but it shall not trade below that level as it is a sacrosanct level with a small consideration up to 4240 level that could become as a last chance. The upper side pressure are used as opportunities to buy the stocks, enables the Bulls to run smoothly “turf clearing” exercise for a big up side move. The distress selling will affect the sentiment that may propel further selling, unwinding of longs and lack of buying support may cause a irrepairable loss at this juncture.
The RIL, ONGC, RPL, Bharti, Infy and SAIL stocks levels are at previous levels. By the closing of Aug series it is very likely that the Tata Steel may bounce to 620-28 level, Tata power may recover 50-60 rupees. The RCOM is good above 403-05 level may rally to 430 when it crosses and trades above 415 resistance.
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 SGX Nifty is trading 30 points discount to yesterday closing. The SGX Nifty is now at 4300 level. The Hang Seng with its robust yesterday move slide only one fourth but Nikkei lost all the gains made yesterday. The closing of august series will influence the markets rather than the outside clues.
The Nifty as earlier said has support at 4280 level but it shall not trade below that level as it is a sacrosanct level with a small consideration up to 4240 level that could become as a last chance. The upper side pressure are used as opportunities to buy the stocks, enables the Bulls to run smoothly “turf clearing” exercise for a big up side move. The distress selling will affect the sentiment that may propel further selling, unwinding of longs and lack of buying support may cause a irrepairable loss at this juncture.
The RIL, ONGC, RPL, Bharti, Infy and SAIL stocks levels are at previous levels. By the closing of Aug series it is very likely that the Tata Steel may bounce to 620-28 level, Tata power may recover 50-60 rupees. The RCOM is good above 403-05 level may rally to 430 when it crosses and trades above 415 resistance.
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.
Monday, August 25, 2008
The BEST chance to overcome……
The markets are consolidating at this stage where the Nifty made some anchor at 4200-4300 level.
The markets very likely to move further to 5100 level if it trades above 4500 level (with out touching 4080-4100 level) which is very crucial resistance to cross, other wise the markets likely to see one more deep correction that could take back first to 3500 level, later to 3180-3130 level, if worst case developed then to a level that was available at 2940-3040 range, came in the last week of July-06.
The July, 2006 levels may not come to Nifty as it undergone a series of changes in the composition, higher capitalization stocks like DLF, UNITECH, Power Grid, now the Rpower being included by 10th Sep-08.
The Indian markets are taking the earlier lead while falling and even in the rise, but the global crisis may not let it move in unidirectional up move. At the current valuations, the age old thumb rule method of identifying the stocks like P/E is still high at 18.25 as per NSE, when compared to the historic movements.
The recent worry that has developed in the investors mind was due to the high valuations enjoyed few months back are not available inspite of good earnings. As a matter of fact these things were already discounted by the markets, factored in good news can never trigger up move. So those sweet memories are now sweated, cannot be demanded then the euphoria generated was to attract the scapegoats to distribute and make HARD CASH. Those deceived lots have to throw away the acquired valuable assets as useless scrap, then the markets will bounce with vengeance for that insult, until then just get in and get out.
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 very likely to move further to 5100 level if it trades above 4500 level (with out touching 4080-4100 level) which is very crucial resistance to cross, other wise the markets likely to see one more deep correction that could take back first to 3500 level, later to 3180-3130 level, if worst case developed then to a level that was available at 2940-3040 range, came in the last week of July-06.
The July, 2006 levels may not come to Nifty as it undergone a series of changes in the composition, higher capitalization stocks like DLF, UNITECH, Power Grid, now the Rpower being included by 10th Sep-08.
The Indian markets are taking the earlier lead while falling and even in the rise, but the global crisis may not let it move in unidirectional up move. At the current valuations, the age old thumb rule method of identifying the stocks like P/E is still high at 18.25 as per NSE, when compared to the historic movements.
The recent worry that has developed in the investors mind was due to the high valuations enjoyed few months back are not available inspite of good earnings. As a matter of fact these things were already discounted by the markets, factored in good news can never trigger up move. So those sweet memories are now sweated, cannot be demanded then the euphoria generated was to attract the scapegoats to distribute and make HARD CASH. Those deceived lots have to throw away the acquired valuable assets as useless scrap, then the markets will bounce with vengeance for that insult, until then just get in and get out.
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 belied move…
The hope that was generated from the overseas markets was belied as the Nifty failed to trade above 4363 level as the strong resistance made the Bears to cash the opportunity to sell at higher prices in the morning.The Nifty high touched was 4398.80 and the low recorded was at 4317.95 for this day and closed at 4335.35 level. As posted earlier dt 24-08-08……….. The Nifty was at the verge of the collapse incase if it fails to add at least 70 points to trade above the 4397 level.
The Nifty is technically in sell situation but the gravity was not so serious. The Need to trade above 4350-60 level to mitigate the bear pressure and some buying coupled with short covering may emerge above 4400 as the expiry will close by Thursday, 4 trading sessions away. The Nifty shall not trade below the support level at 4280 to see the up move in future).
The RIL has made a decent move by crossing the 2264 resistance but selling pressure brought it down to 2230 level. The ONGC has made good come back, trading above the support level at 1020 level but failed to cross the resistance.
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 Nifty is technically in sell situation but the gravity was not so serious. The Need to trade above 4350-60 level to mitigate the bear pressure and some buying coupled with short covering may emerge above 4400 as the expiry will close by Thursday, 4 trading sessions away. The Nifty shall not trade below the support level at 4280 to see the up move in future).
The RIL has made a decent move by crossing the 2264 resistance but selling pressure brought it down to 2230 level. The ONGC has made good come back, trading above the support level at 1020 level but failed to cross the resistance.
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 nervous week to start….
The markets likely to open with positive bias above 4345 level and may cross the resistance at 4360 level, the challenge is to see that the Nifty to close above that level and cross the resistance at 4414 and at 4450 level then it will become as a confirmation of the up move triggered from first week of July is intact. The biggest problem at this point in time is that the inflation related sectors weakening and placing heavy weight on the Nifty.
The RIL has to trade above 2230 and cross the resistance at 2265 level, The ONGC the torch bearer of the up move has to live up to the expectations of the Bulls by trading above 1050 level, Bharti need to trade above 830 level then the strong counters will automatically gain their strength and can generate rally in Nifty to cross the 4680-4700 resistance. The metal counters, banking may find buyers.
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 RIL has to trade above 2230 and cross the resistance at 2265 level, The ONGC the torch bearer of the up move has to live up to the expectations of the Bulls by trading above 1050 level, Bharti need to trade above 830 level then the strong counters will automatically gain their strength and can generate rally in Nifty to cross the 4680-4700 resistance. The metal counters, banking may find buyers.
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.
Sunday, August 24, 2008
At the edge…..
The Nifty was at the verge of the collapse incase if it fails to add at least 70 points to trade above the 4397 level at the earliest, atleast by close Tuesday. The Nifty is technically in sell situation but the gravity was not so serious. The Nifty need to trade above 4350-60 level to mitigate the bear pressure and some buying coupled with short covering may emerge above 4400 as the expiry will close by Thursday, 4 trading sessions away. The Nifty shall not trade below the support level at 4280 to see the up move in future.
The strong counters are in a band and the weak counters are getting weaker as the Nifty movement is to Southwards. The markets are likely to gain strength to loose the bear grip when the Nifty crosses the 4500 level, the stocks that need to trade above their strong resistance levels; the SBI has to trade above 1540-50 level, the Relcap has to trade above 1420-25 level, the RCOM has to trade above 450 level, the DLF has to trade above 550-60 level, the momentum scrips like RNRL has to trade above 106-08 level, until then the markets are in bear grip.
The strong counters are in a band and the weak counters are getting weaker as the Nifty movement is to Southwards. The markets are likely to gain strength to loose the bear grip when the Nifty crosses the 4500 level, the stocks that need to trade above their strong resistance levels; the SBI has to trade above 1540-50 level, the Relcap has to trade above 1420-25 level, the RCOM has to trade above 450 level, the DLF has to trade above 550-60 level, the momentum scrips like RNRL has to trade above 106-08 level, until then the markets are in bear grip.
Friday, August 22, 2008
The consolation move….
The weakness in the Nifty stocks was mitigated due to the rise made by the RIL, ONGC, RPL, Bharti, RCOM, BHEL, Rel Infra and Infosys. As expected the Nifty got support at 4248 (…The Nifty will get support at 4251-49 level…) but the problems of selling at hibher level was not reduced. So the markets need much more favourable news to rise from this gloomy situation.
The Nifty lost more than 130 points yesterday and recovered nearly 43 points, a consolation move to the brave heart Bull. The Nifty lost more than 100 points on week on week basis and 5 less when compared with the July series closing.
The banks especially the private sector banks made some come back, fertilsers and Sugar stocks continued to do well.
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 Nifty lost more than 130 points yesterday and recovered nearly 43 points, a consolation move to the brave heart Bull. The Nifty lost more than 100 points on week on week basis and 5 less when compared with the July series closing.
The banks especially the private sector banks made some come back, fertilsers and Sugar stocks continued to do well.
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.
Want of energy…..
The markets are facing resistance to make an up move right from it failed to trade above 4600 level. The fall is good and can be considered as consolidation so long as it trades above 4416 or 4400 level. But the markets failed to live up to the expectations of the Bulls who committed positions as it could rallied up to 4650 level from 3800 level and the there was so much of relief from the crude front.
The internal, non negotiable challenge to the Govt. is maintaining growth with inflation under controle. The Govt. is willing to sacrifice growth but not the escalating inflation that could become very costly if it chooses to face early elections. The inflation numbers are at 12.63%, though the rate of growth is slow but high in numbers.
The top news: The Health care with Insurance-schemes- as mater of fact the real opening of sunrise sector with huge potential untapped. The N-deal will go through at NSG meeting- will benefit lot more industries as earlier discussed. The existing inflation numbers no longer suitable to reality sector and the auto sector. The situation can be favourably understood; monetary pressures likely to have eased out when the low of UNITECH becomes 181-83 and the high crosses 195 level.
The RCOM is also a GSM operator, existing GSM operators agreed to give interconnection, RCOM is good above 405-06 level and very good if it trades above 418-21 level. The important news could change the RIL & RNRL gas dispute is that the Ambani’s may meet at home to settle rather than in court.
The Nifty heavy weights are weak except RIL and Infy. The RIL will boost the Nifty if could trade above 2230 and may drag further if it trades below 2190 level. The ONGC need to bounce back to 1050 levels and shall cross the resistance at 1070.
The Nifty is likely to open due the negative sentiment of yesterday sell off and weak Asian markets. The Nifty loosing one support after one support and the numbers are drifting lower. The Nifty will get support at 4251-49 level and the second from where the bounce is expected at 4230-26 level.
The banks and reality stocks likely to be under pressure but the metals may find some buying. The RNRL is worth watching, good above 96 level. The GMR Infra is in news, good above 104-05 but very unlikely that it could trade above that level. The Nagarjuna constructions though finding support at 125 levels but struggling hard to cross the 145-48 resistance is in news.
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 internal, non negotiable challenge to the Govt. is maintaining growth with inflation under controle. The Govt. is willing to sacrifice growth but not the escalating inflation that could become very costly if it chooses to face early elections. The inflation numbers are at 12.63%, though the rate of growth is slow but high in numbers.
The top news: The Health care with Insurance-schemes- as mater of fact the real opening of sunrise sector with huge potential untapped. The N-deal will go through at NSG meeting- will benefit lot more industries as earlier discussed. The existing inflation numbers no longer suitable to reality sector and the auto sector. The situation can be favourably understood; monetary pressures likely to have eased out when the low of UNITECH becomes 181-83 and the high crosses 195 level.
The RCOM is also a GSM operator, existing GSM operators agreed to give interconnection, RCOM is good above 405-06 level and very good if it trades above 418-21 level. The important news could change the RIL & RNRL gas dispute is that the Ambani’s may meet at home to settle rather than in court.
The Nifty heavy weights are weak except RIL and Infy. The RIL will boost the Nifty if could trade above 2230 and may drag further if it trades below 2190 level. The ONGC need to bounce back to 1050 levels and shall cross the resistance at 1070.
The Nifty is likely to open due the negative sentiment of yesterday sell off and weak Asian markets. The Nifty loosing one support after one support and the numbers are drifting lower. The Nifty will get support at 4251-49 level and the second from where the bounce is expected at 4230-26 level.
The banks and reality stocks likely to be under pressure but the metals may find some buying. The RNRL is worth watching, good above 96 level. The GMR Infra is in news, good above 104-05 but very unlikely that it could trade above that level. The Nagarjuna constructions though finding support at 125 levels but struggling hard to cross the 145-48 resistance is in news.
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.
Want of energy…..
The markets are facing resistance to make an up move right from it failed to trade above 4600 level. The fall is good and can be considered as consolidation so long as it trades above 4416 or 4400 level. But the markets failed to live up to the expectations of the Bulls who committed positions as it could rallied up to 4650 level from 3800 level and the there was so much of relief from the crude front.
The internal, non negotiable challenge to the Govt. is maintaining growth with inflation under controle. The Govt. is willing to sacrifice growth but not the escalating inflation that could become very costly if it chooses to face early elections. The inflation numbers are at 12.63%, though the rate of growth is slow but high in numbers.
The top news: The Health care with Insurance-schemes- as mater of fact the real opening of sunrise sector with huge potential untapped. The N-deal will go through at NSG meeting- will benefit lot more industries as earlier discussed. The existing inflation numbers no longer suitable to reality sector and the auto sector. The situation can be favourably understood; monetary pressures likely to have eased out when the low of UNITECH becomes 181-83 and the high crosses 195 level.
The RCOM is also a GSM operator, Adlab mergers with Big film. The important news could change the RIL & RNRL gas dispute is that the Ambani’s may meet at home to settle rather than in court.
The nifty heavy weights are weak except RIL and Infy. The RIL will boost the Nifty if could trade above 2230 and may drag further if it trades below 2190 level. The ONGC need to bounce back to 950 levels and shall cross the resistance at 970.
The Nifty is likely to open due the negative sentiment of yesterday sell off and weak Asian markets. The Nifty loosing one support after one support and the numbers are drifting lower. The Nifty will get support at 4251-49 level and the second from where the bounce is expected at 4230 level.
The banks and reality stocks likely to be under pressure but the metals may find some buying. The RNRL is worth watching, good above 96 level. The GMR Infra is in news, good above 104-05 but very unlikely that it could trade above that level. The Nagarjuna constructions though finding support at 125 levels but struggling hard to cross the 145-48 resistance is in news.
The internal, non negotiable challenge to the Govt. is maintaining growth with inflation under controle. The Govt. is willing to sacrifice growth but not the escalating inflation that could become very costly if it chooses to face early elections. The inflation numbers are at 12.63%, though the rate of growth is slow but high in numbers.
The top news: The Health care with Insurance-schemes- as mater of fact the real opening of sunrise sector with huge potential untapped. The N-deal will go through at NSG meeting- will benefit lot more industries as earlier discussed. The existing inflation numbers no longer suitable to reality sector and the auto sector. The situation can be favourably understood; monetary pressures likely to have eased out when the low of UNITECH becomes 181-83 and the high crosses 195 level.
The RCOM is also a GSM operator, Adlab mergers with Big film. The important news could change the RIL & RNRL gas dispute is that the Ambani’s may meet at home to settle rather than in court.
The nifty heavy weights are weak except RIL and Infy. The RIL will boost the Nifty if could trade above 2230 and may drag further if it trades below 2190 level. The ONGC need to bounce back to 950 levels and shall cross the resistance at 970.
The Nifty is likely to open due the negative sentiment of yesterday sell off and weak Asian markets. The Nifty loosing one support after one support and the numbers are drifting lower. The Nifty will get support at 4251-49 level and the second from where the bounce is expected at 4230 level.
The banks and reality stocks likely to be under pressure but the metals may find some buying. The RNRL is worth watching, good above 96 level. The GMR Infra is in news, good above 104-05 but very unlikely that it could trade above that level. The Nagarjuna constructions though finding support at 125 levels but struggling hard to cross the 145-48 resistance is in news.
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.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Thursday, August 21, 2008
The bottoms wiped…….
The bottom supports of many stocks wiped out once the Nifty lost the support at 4396 level. The Nifty faced resistance at 4418 level itself. The move below the 4396 level triggered heavy sell off and the long positions winding pulled the indices to a previous expected level that even damaged due this heavy selling in Banking and reality sector. (In the earlier post it was mentioned about the levels titled as … The weakening of stocks…dt19-08-2008… the Nifty is having resistance at 4451-53 level, good if it could trade above 4416 -18 level, the first support in the down move 4336-30 level and the best for this day is at 4302-4296 level. Good luck).
The Bharti failed to cross the high of 818, RCOM to cross 418, RPL failed to move above 163 level and RIL to cross the 1264 levels. The positive side even in the steep fall is that the RIL could stay above 2000 level. The good part of the day is that the SAIL stood against the trend made some accumulation. The star of the heavy weight is RANBAXY that rallied to 515+ levels.
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 Bharti failed to cross the high of 818, RCOM to cross 418, RPL failed to move above 163 level and RIL to cross the 1264 levels. The positive side even in the steep fall is that the RIL could stay above 2000 level. The good part of the day is that the SAIL stood against the trend made some accumulation. The star of the heavy weight is RANBAXY that rallied to 515+ levels.
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 big news…
The markets are flooded with big news on major investments by companies. ONGC buys the assets of Imperial Energy for $3 billion dollars. The RIL joins hands with Petrobras for petrochemical industries, RPL commissions its refinery by Sep-08, The RCOM-Big TV launch and IPVT plans, i-Phone sales by Bharti and Vodafone, Tata Motors changed plans in Rights issue, Maruti big plans to stabilize the margins and increasing of sales. Above all the NSG is meeting today and tomorrow to clear the proposal made by India’s nuclear plans.
The US markets recovered from the lows and our ADRs rallied but the Asian markets are sinking in red is the big concern for today.
The Nifty may find resistance to cross the 4461-63 level, the first resistance at 4445-47 level has to be crossed with ease. The news flow is good but the concerns are also compressing the move. The bottom support at 4393-96 is crucial and any major sell off in RIL, ONGC DLF and Bharti may change the direction.
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 US markets recovered from the lows and our ADRs rallied but the Asian markets are sinking in red is the big concern for today.
The Nifty may find resistance to cross the 4461-63 level, the first resistance at 4445-47 level has to be crossed with ease. The news flow is good but the concerns are also compressing the move. The bottom support at 4393-96 is crucial and any major sell off in RIL, ONGC DLF and Bharti may change the direction.
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.
Wednesday, August 20, 2008
The narrow move…..
Though our neighbouring markets in China rose by more than 7%, Hang Seng rallied, we were adjusted for mere good opening to a range of 69 points, on closing basis it is only 47 points added. Can we take this consolidation as an opportunity for tomorrow big move?.
As expected earlier, the Nifty could open at 4361-63 level (low at 4365.45 and high at 4434.90) and crossed the first resistance at 4431-33, closed above the 4415-16 level that is required to expect some positive move from the markets.
The RIL and RCOM move positively to the news as expected. The good thing to note is that the Bharti could cross the resistance at 816-18 level, RCOM could cross 415-16 level. The move in Bharti shall propel a good move to cross the 835 resistance and could trade above 820 levels will give boost to the markets.
The small caps moved, especially the IT stocks gained apart from the fertilizer pack. The new addition of 39 stocks in F&O may increase the over all NSE turnover but the small and mid caps are turning suicide spots in the case of wild swings either side, easily managed by the vested interest groups. It is highly advisable to stick to top 20-30 stocks are with high liquidity with easy exit route.
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.
As expected earlier, the Nifty could open at 4361-63 level (low at 4365.45 and high at 4434.90) and crossed the first resistance at 4431-33, closed above the 4415-16 level that is required to expect some positive move from the markets.
The RIL and RCOM move positively to the news as expected. The good thing to note is that the Bharti could cross the resistance at 816-18 level, RCOM could cross 415-16 level. The move in Bharti shall propel a good move to cross the 835 resistance and could trade above 820 levels will give boost to the markets.
The small caps moved, especially the IT stocks gained apart from the fertilizer pack. The new addition of 39 stocks in F&O may increase the over all NSE turnover but the small and mid caps are turning suicide spots in the case of wild swings either side, easily managed by the vested interest groups. It is highly advisable to stick to top 20-30 stocks are with high liquidity with easy exit route.
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 weakness persists…..
The Nifty could save the damage from recovering from the lows of 4316 level to 4380 level and the Aug premium increase substantially. The lows of Nifty may be challenged today once again due to poor global cues. The problem right now is that the Nifty heavy weights are in Southward move be it Bharti, RCOM, RIL, Tata Steel, ICICI, DLF and Unitech; some are in consolidation like Rel infra, SBI, LT, Bhel, ONGC, Infy, WIPRO, TCS and NTPC. The situation needs to be changed to positive performance, only possible when the FIIs start buying in a big way. These group companies are breaking their heads to change their face at their home. So the markets may live with the positive support from the crude as they are. The global cues may not trigger big rally before Oct-08, US may see some rally before their presidential polls.
The RIL and RCOM in news may get some favour from markets. The markets are likely to open flat at the support level at 4361-63 level with some positive bias. The levels of Nifty are in the range of yesterday levels. The challenge is how RIL will react to the news. The Markets get energy when the RIL bounces back and trade above 2285 level.
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 RIL and RCOM in news may get some favour from markets. The markets are likely to open flat at the support level at 4361-63 level with some positive bias. The levels of Nifty are in the range of yesterday levels. The challenge is how RIL will react to the news. The Markets get energy when the RIL bounces back and trade above 2285 level.
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.
Tuesday, August 19, 2008
The weakening of stocks…..
The real problem with the Nifty is that the heavy weights are now in bear grip except ONGC, LT, BHEL are in consolidation mode. In case these counters fail to stand up to the cause then the sentiment will become worse, which can lead the markets below 4000 level. As of now the momentum become weak but the bottoms are still in tact. So the markets are looking for some short term triggers to take back to 4600 level.
The Inflation is still causing the damage; the RBI may again put some fiscal measure if it finds the inflation scale up in food items then the challenge will be more challenging. The only positive factor right now is the MONSOON.
The Nifty may find support at earlier suggested level and the real challenge for this day is to cross the 4461-63 resistance with ease.
The stocks that are important to observe are Bharti and ONGC. The Bharti shall cross the 819-21 level resistances and ONGC shall trade above 1085 for an hour and shall cross the 1096 resistance to see the strength of market at this point in time is intact.
In my earlier write-up (Real bull move….dt.8-8-08) it was mentioned that the Essar oil may correct further and bounce back from 216-18 level. Today it could close at that level, the best support available at 203-05 level and the markets lost more than 250 points with out any interruption.
The SGX Nifty is now trading with 56 points down, The Hang Seng is down by 125 points but the Nikkei lost more than 340 points, yesterday it could stay in positive territory.
To find the halt in the down ward move, it is good to observe that the SBI shall not trade below 1360-65 level, Bhel shall not trade below 1550-45 level, LT shall not trade below 2530-40 level and ONGC shall not trade below 980 level.
Most of the stocks are showing skewed moves that may cause confusion while trading. So let the dust settles and the confusion vanish in one or two days.
The Nifty is having resistance at 4451-53 level, good if it could trade above 4416 -18 level, the first support in the down move is at 4336-30 level and the best for this day is at 4302-4296 level. Good luck.
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 Inflation is still causing the damage; the RBI may again put some fiscal measure if it finds the inflation scale up in food items then the challenge will be more challenging. The only positive factor right now is the MONSOON.
The Nifty may find support at earlier suggested level and the real challenge for this day is to cross the 4461-63 resistance with ease.
The stocks that are important to observe are Bharti and ONGC. The Bharti shall cross the 819-21 level resistances and ONGC shall trade above 1085 for an hour and shall cross the 1096 resistance to see the strength of market at this point in time is intact.
In my earlier write-up (Real bull move….dt.8-8-08) it was mentioned that the Essar oil may correct further and bounce back from 216-18 level. Today it could close at that level, the best support available at 203-05 level and the markets lost more than 250 points with out any interruption.
The SGX Nifty is now trading with 56 points down, The Hang Seng is down by 125 points but the Nikkei lost more than 340 points, yesterday it could stay in positive territory.
To find the halt in the down ward move, it is good to observe that the SBI shall not trade below 1360-65 level, Bhel shall not trade below 1550-45 level, LT shall not trade below 2530-40 level and ONGC shall not trade below 980 level.
Most of the stocks are showing skewed moves that may cause confusion while trading. So let the dust settles and the confusion vanish in one or two days.
The Nifty is having resistance at 4451-53 level, good if it could trade above 4416 -18 level, the first support in the down move is at 4336-30 level and the best for this day is at 4302-4296 level. Good luck.
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.
Monday, August 18, 2008
The TRAI move….
The rules of the game are fast changing in the telecom sector. Now the markets likely to put pressure (short-term) on the tecom stocks but it is also an opportunity as these companies are already serving the customers with their broadband services. The challenge is how fast they could gear up to meet the demand to protect their revenues and the profits that will help to improve the market capitalization.
The RIL and RPL are dragging the indices and now the sentiment is at stake. In case markets fail to cross the 4495-4502 level by this weekend could be accepted as the markets likely to go below the 4000 level. In case the ONGC, SBI, BHEL and LT come to the rescue of the struggling bulls then the up move become easy as the sagging RIL pack may give member ship to RCOM and Bharti in their group.
The metal counters especially the ferrous sector got huge potential to out-perform in the coming 2009 calendar year along with the Sugar sector. The undisputed out performer of 2009 will be the sugar stocks right from Oct-08. This quarter will open doors for investments in Sugar industry, the second best could be in nuclear action. The next quarter may offer investments in gas, especially from RIL and the power equipment. The 2009 will see great opening in insurance sector after June-09. The Govt is serious in maintaining the pace in reforms that can attract huge investments in India, rapid economic growth that will become the best instrument to counter the higher level of inflation at this point in time. So the indiscriminate sell off in the Indian stocks for a throw away price can never be seen over next 3-5 years. The long-term investments with “accumulation concept” are the best way to tackle the current crisis.
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 RIL and RPL are dragging the indices and now the sentiment is at stake. In case markets fail to cross the 4495-4502 level by this weekend could be accepted as the markets likely to go below the 4000 level. In case the ONGC, SBI, BHEL and LT come to the rescue of the struggling bulls then the up move become easy as the sagging RIL pack may give member ship to RCOM and Bharti in their group.
The metal counters especially the ferrous sector got huge potential to out-perform in the coming 2009 calendar year along with the Sugar sector. The undisputed out performer of 2009 will be the sugar stocks right from Oct-08. This quarter will open doors for investments in Sugar industry, the second best could be in nuclear action. The next quarter may offer investments in gas, especially from RIL and the power equipment. The 2009 will see great opening in insurance sector after June-09. The Govt is serious in maintaining the pace in reforms that can attract huge investments in India, rapid economic growth that will become the best instrument to counter the higher level of inflation at this point in time. So the indiscriminate sell off in the Indian stocks for a throw away price can never be seen over next 3-5 years. The long-term investments with “accumulation concept” are the best way to tackle the current crisis.
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 tough fight….
The Bulls and bears made every effort to win over the other but finally Bulls eased the way but the strength is intact. The markets are likely to be in the range bound for some more time as the uncertainties are not eased out or the triggers for the rally are fired. As suggested in the morning the Nifty could not cross the resistance at 4465 and made a high of 4447.40 and the low touched at 4379.85, closed at 4393.05 level.
(….The Nifty has support level but failed to close above the resistance level at 4463-65 level. The Nifty may face now resistance at 4485-91 level but the support is at 4366-69 level. The Nifty may not breach the psychological support level at 4401-05 level, the Bulls might fight for that level).
The MARKET pulse check by STOCKOMETER: In the Stock Specific Action, suggested that the … RIL is good above 2285-93 level and become weak below 2251-45 level. The RIL high at 2290 and low at 2210.20
The ONGC is struggling to cross 1085 level but the support is at 1040 level. The ONGC still find it difficult to cross the resistance but took support at the support level. The high at 1085 and low at 1040.55
The Relcap is good above 1361-63 level; The Relcap high at 1354 and low at 1280.30
ICICI bank shall trade above the resistance at 703-705 level. The ICICI high at 689.70 and low at 660.75
The SBI is good above 1472 and weak below 1450 level. The SBI high at 1477.70 and low at 1425.10
The telecom giants fight may reflect in their prices also. The Bharti is good above 728-31 level. The high at 828.80 and low at 800.90
and RCOM is good above 436 level The high at 425.95 and low at 411.0 far below the support level.
The Tata Steel is good above 620-21 level and weak below 608-06 level. The high at 621.05 and low at 599
The Sail is good above 146 level. The high at 145 and low at 138.25
The DLF may find bottom support at 490-89 level, The high at 509 and low at 486.40
JP may get support at 168-69 level. The high at 176.5 and low at 167.55
Above all the RPL which is weak below 163 nose dived to 155 level. The High touched at 163.50 and the low was at 155.15
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 Nifty has support level but failed to close above the resistance level at 4463-65 level. The Nifty may face now resistance at 4485-91 level but the support is at 4366-69 level. The Nifty may not breach the psychological support level at 4401-05 level, the Bulls might fight for that level).
The MARKET pulse check by STOCKOMETER: In the Stock Specific Action, suggested that the … RIL is good above 2285-93 level and become weak below 2251-45 level. The RIL high at 2290 and low at 2210.20
The ONGC is struggling to cross 1085 level but the support is at 1040 level. The ONGC still find it difficult to cross the resistance but took support at the support level. The high at 1085 and low at 1040.55
The Relcap is good above 1361-63 level; The Relcap high at 1354 and low at 1280.30
ICICI bank shall trade above the resistance at 703-705 level. The ICICI high at 689.70 and low at 660.75
The SBI is good above 1472 and weak below 1450 level. The SBI high at 1477.70 and low at 1425.10
The telecom giants fight may reflect in their prices also. The Bharti is good above 728-31 level. The high at 828.80 and low at 800.90
and RCOM is good above 436 level The high at 425.95 and low at 411.0 far below the support level.
The Tata Steel is good above 620-21 level and weak below 608-06 level. The high at 621.05 and low at 599
The Sail is good above 146 level. The high at 145 and low at 138.25
The DLF may find bottom support at 490-89 level, The high at 509 and low at 486.40
JP may get support at 168-69 level. The high at 176.5 and low at 167.55
Above all the RPL which is weak below 163 nose dived to 155 level. The High touched at 163.50 and the low was at 155.15
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 Nifty journey……..
The August journey of Nifty leads no where as the Nifty closed at 4414 on the opening day of the series. The Nifty closed on previous trading day was at 4431, net change was all most negligible.
The three days of holidays brought some positive news like Private PFs can in vest in equities, waiving of excise duty for the imports made on capital goods for UMPP but these are not enough to trigger upward journey but the jump in rising inflation to 12.4% is a big negative news, further tightening of fiscal measures, and possible investigations on the Forex accounting methods followed to avoid the losses by RIL, RCOM and Bharti may influence to weaken the upward movement of Nifty.
The global slowdown may restrict the equities that bring an opportunity in the form of consolidation. The Indian markets are no different to the global action but for those who want to avoid the long run on uncertainness may try to bet on “quarter on quarter” basis as the opportunity likely to emerge for some investments.
The short term indicators are now in favour of bears but the up ward momentum started from 1st July from a low of 3800 level to 4650 level is under correction. The bulls need to strengthen themselves as the events turning odd to them. The Nifty is having good support at 4300-30 level and very good support at 4140-60 level. So the consolidation period shall become an opportunity for investments.
The SGX Nifty is now trading with 30 points loss, The Hang Seng is down by 190 points but the Nikkei is in positive territory with 230 points gain.
The Nifty has support level but failed to close above the resistance level at 4463-65 level.
The Nifty may face now resistance at 4485-91 level but the support is at 4366-69 level. The Nifty may not breach the psychological support level at 4401-05 level, the Bulls might fight for that 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 three days of holidays brought some positive news like Private PFs can in vest in equities, waiving of excise duty for the imports made on capital goods for UMPP but these are not enough to trigger upward journey but the jump in rising inflation to 12.4% is a big negative news, further tightening of fiscal measures, and possible investigations on the Forex accounting methods followed to avoid the losses by RIL, RCOM and Bharti may influence to weaken the upward movement of Nifty.
The global slowdown may restrict the equities that bring an opportunity in the form of consolidation. The Indian markets are no different to the global action but for those who want to avoid the long run on uncertainness may try to bet on “quarter on quarter” basis as the opportunity likely to emerge for some investments.
The short term indicators are now in favour of bears but the up ward momentum started from 1st July from a low of 3800 level to 4650 level is under correction. The bulls need to strengthen themselves as the events turning odd to them. The Nifty is having good support at 4300-30 level and very good support at 4140-60 level. So the consolidation period shall become an opportunity for investments.
The SGX Nifty is now trading with 30 points loss, The Hang Seng is down by 190 points but the Nikkei is in positive territory with 230 points gain.
The Nifty has support level but failed to close above the resistance level at 4463-65 level.
The Nifty may face now resistance at 4485-91 level but the support is at 4366-69 level. The Nifty may not breach the psychological support level at 4401-05 level, the Bulls might fight for that 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.
Friday, August 15, 2008
Thursday, August 14, 2008
A day after expectations ………
The markets are about to correct yesterday but could wait for a day with some favourable news from SEBI on FII fund inflow, easing norms of P-notes but there was no such announcements disappointed the street, resulted in a steep sell off.
The Govt. formally approved the 6th pay commission with affect from 1st Jan-06, average salary increase of 21% to 50 lakh central govt employees. The estimated total of 29,000+cr of arrears and fresh commitment of 17,800 crs fund flow to the pockets of Indians can trigger spending on consumer durables and prepayment of house loans and some fresh commitments on real estate. The govt. spending on agriculture loan waiver and this offer could be to a tune of more than 1 lakh crore fund dispersal to spur the consumer spending can accelerate the growth, internal consumption effects can be felt after the Jan-09.
The MARKET pulse check by STOCKOMETER: In the morning asked the reader to accept the yesterday given level as there was not much change to mention.
The markets opened below 4509, fell through out the day, took a bounce from 4451-53 level and finally took the support at 4421 level as expected, happened a day later. Today markets could stay above 4421.25 level but failed to lead a bounce back to close above 4461 level is a concern to the Bulls. (Earlier post…The Nifty may find first support at 4461-56 level but the best could be at 4419-21 level. The closing shall be above the first support level can console the bulls).
The RIL did not cross the 2345 level and became weak below 2305 touched 2261.35. The ONGC did not cross the resistance at 1085, RCOM weak below 441 and touched 420.10, the SBI and Relcap and ICICI lost much gound below the support levels (…..RCOM may get support at 421-23 level, The SBI is weak below 1525-23 level. The Relcap will become weak below 1393 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 Govt. formally approved the 6th pay commission with affect from 1st Jan-06, average salary increase of 21% to 50 lakh central govt employees. The estimated total of 29,000+cr of arrears and fresh commitment of 17,800 crs fund flow to the pockets of Indians can trigger spending on consumer durables and prepayment of house loans and some fresh commitments on real estate. The govt. spending on agriculture loan waiver and this offer could be to a tune of more than 1 lakh crore fund dispersal to spur the consumer spending can accelerate the growth, internal consumption effects can be felt after the Jan-09.
The MARKET pulse check by STOCKOMETER: In the morning asked the reader to accept the yesterday given level as there was not much change to mention.
The markets opened below 4509, fell through out the day, took a bounce from 4451-53 level and finally took the support at 4421 level as expected, happened a day later. Today markets could stay above 4421.25 level but failed to lead a bounce back to close above 4461 level is a concern to the Bulls. (Earlier post…The Nifty may find first support at 4461-56 level but the best could be at 4419-21 level. The closing shall be above the first support level can console the bulls).
The RIL did not cross the 2345 level and became weak below 2305 touched 2261.35. The ONGC did not cross the resistance at 1085, RCOM weak below 441 and touched 420.10, the SBI and Relcap and ICICI lost much gound below the support levels (…..RCOM may get support at 421-23 level, The SBI is weak below 1525-23 level. The Relcap will become weak below 1393 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 crucial inflation numbers……
The evening results may affect the Nifty in advance during the day trade itself.
The SGX is down by 60+ as the US weakness in the last night and the Europe lost much yesterday may put pressure on the bulls. The different views of FM and the Economic advisory council to PM may bring some doubts to markets. The general view is that the markets may test the 4100 level, we have discussed the same in my earlier posts that the 4350-60 level is likely before it could make a fresh move. Even it fails to hold at that level the 4120 level will hold as the bottom formation at that level is very strong.
The Nifty could stay above the 4500 through out the day with great expectations from SEBI on P-Notes. Now the Nifty may open again below 4509 but this time it will go below 4990 level and test the previous post levels.
The Tata Steel in news of setting 45 lakh tones plant in Vietnam, Sail and Paswan are working together on Jharkhand’s Chaira mines.
The news that the rising wage bills of tech sector and duration while collecting dues from clients may squeeze the upward movement in tech stocks.
Most of the stocks are in the previous posted levels.So please consider the earlier levels for to day.
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 SGX is down by 60+ as the US weakness in the last night and the Europe lost much yesterday may put pressure on the bulls. The different views of FM and the Economic advisory council to PM may bring some doubts to markets. The general view is that the markets may test the 4100 level, we have discussed the same in my earlier posts that the 4350-60 level is likely before it could make a fresh move. Even it fails to hold at that level the 4120 level will hold as the bottom formation at that level is very strong.
The Nifty could stay above the 4500 through out the day with great expectations from SEBI on P-Notes. Now the Nifty may open again below 4509 but this time it will go below 4990 level and test the previous post levels.
The Tata Steel in news of setting 45 lakh tones plant in Vietnam, Sail and Paswan are working together on Jharkhand’s Chaira mines.
The news that the rising wage bills of tech sector and duration while collecting dues from clients may squeeze the upward movement in tech stocks.
Most of the stocks are in the previous posted levels.So please consider the earlier levels for to day.
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.
Wednesday, August 13, 2008
The core strength…
The markets showed their resilience to the on slaughter of bear opening pressure but could manage to come back to a reasonable support level that can keep faith in our markets.
The MARKET pulse check by STOCKOMETER: As we discussed in the morning, the Nifty touched to a high of 4572.65 and the low recorded as 4497.25 (The Nifty has resistance at 4579-85 level, very unlikely to touch as the opening could be below the support level at 4509-11. The Nifty may find first support at 4461-56 level but the best could be at 4419-21 level. The closing shall be above the first support level can console the bulls).
As suggested in the Stock Specific Action: The sole bullish support to Nifty came from RIL, now the challenge is to stay above 2300 level. The RIL is strong above 2320 level weak below 2305. The RIL low was at 2307.35 and rallied above 2340 to 2376.0 (read the old posts)
The ONGC is good above 1100 and weak below 1085 level. The ONGC opened below the level suggested and the high touched at 1085 and low at 1061.10
The Bharti is likely to get bull support at 795-793 level and good above 805-803 level. The Bharti got the Bulls support the high touched at 828.1 and low at 812.1
The RCOM is weak below 444-45 and may get support at 421-23 level. The high touched at 449.40 and low at 438.1
The DLF and JP may ease to Bears, DLF is weak below 561-63 level and the support can be at 530-32 level. The high touched at 563.90 and low at 545.30
JP is good above 183 level as it was in bull grip likely to find support at 178-76 level. The high touched at 192.75 and low at 181.30
The under performer RPL has to be observed, good above 169 and weak below 163, neither of it happening for 4 trading sessions, volumes dried up. The high touched at 166.50 and low at 163.0
The metals are in bear grip, Tata steel may go below the recent low at 580 level. The Sail is attracting buyers at lower levels. Nothing happened and infact took bull support at bargain levels.
The capital goods sector though showing signs of weakness but can be considered as consolidation. The Banking lot corrected yesterday and will today also. The banking lots except ICICI the rest were strong. The SBI is weak below 1525-23 level. The high touched at 1588 and low at 1522.35.The Relcap will become weak below 1393 level. Both counters are trading in the earlier posted levels. The high touched at 1440 and low at 1384.0
The markets did not to bear minds like mine but favoured the bulls in-spite of the global weakness.
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 MARKET pulse check by STOCKOMETER: As we discussed in the morning, the Nifty touched to a high of 4572.65 and the low recorded as 4497.25 (The Nifty has resistance at 4579-85 level, very unlikely to touch as the opening could be below the support level at 4509-11. The Nifty may find first support at 4461-56 level but the best could be at 4419-21 level. The closing shall be above the first support level can console the bulls).
As suggested in the Stock Specific Action: The sole bullish support to Nifty came from RIL, now the challenge is to stay above 2300 level. The RIL is strong above 2320 level weak below 2305. The RIL low was at 2307.35 and rallied above 2340 to 2376.0 (read the old posts)
The ONGC is good above 1100 and weak below 1085 level. The ONGC opened below the level suggested and the high touched at 1085 and low at 1061.10
The Bharti is likely to get bull support at 795-793 level and good above 805-803 level. The Bharti got the Bulls support the high touched at 828.1 and low at 812.1
The RCOM is weak below 444-45 and may get support at 421-23 level. The high touched at 449.40 and low at 438.1
The DLF and JP may ease to Bears, DLF is weak below 561-63 level and the support can be at 530-32 level. The high touched at 563.90 and low at 545.30
JP is good above 183 level as it was in bull grip likely to find support at 178-76 level. The high touched at 192.75 and low at 181.30
The under performer RPL has to be observed, good above 169 and weak below 163, neither of it happening for 4 trading sessions, volumes dried up. The high touched at 166.50 and low at 163.0
The metals are in bear grip, Tata steel may go below the recent low at 580 level. The Sail is attracting buyers at lower levels. Nothing happened and infact took bull support at bargain levels.
The capital goods sector though showing signs of weakness but can be considered as consolidation. The Banking lot corrected yesterday and will today also. The banking lots except ICICI the rest were strong. The SBI is weak below 1525-23 level. The high touched at 1588 and low at 1522.35.The Relcap will become weak below 1393 level. Both counters are trading in the earlier posted levels. The high touched at 1440 and low at 1384.0
The markets did not to bear minds like mine but favoured the bulls in-spite of the global weakness.
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 border protection war is on……
The Bulls and the Bears are engaged in a war to protect their territory that was demarked yesterday for short term trend. The news favouring the bulls to continue their run but the contraction at the higher level due to lack of steam left for up move threatens the Bulls.
The poor IIP numbers and slow down in the economy is a cause of concern but the favourable crude and slowing inflation, domestic fund raising plans by Govt. through BSNL, NHPC, reform process and the P-notes favour to attract more FII money are favourable to markets.
The Nifty is critically positioned, slight bias to bulls but today the ongoing bull run will be threatened if it fails to cross 4597-93 level, seems difficult given the global market situation. Incase we stand out today above the 4500 closing then we ca safely go for staggered investments in blue chips.
The Nifty has resistance at 4579-85 level, very unlikely to touch as the openinging could be below the support level at 4509-11. The Nifty may find first support at 4461-56 level but the best could be at 4419-21 level. The closing shall be above the first support level can console the bulls.
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 poor IIP numbers and slow down in the economy is a cause of concern but the favourable crude and slowing inflation, domestic fund raising plans by Govt. through BSNL, NHPC, reform process and the P-notes favour to attract more FII money are favourable to markets.
The Nifty is critically positioned, slight bias to bulls but today the ongoing bull run will be threatened if it fails to cross 4597-93 level, seems difficult given the global market situation. Incase we stand out today above the 4500 closing then we ca safely go for staggered investments in blue chips.
The Nifty has resistance at 4579-85 level, very unlikely to touch as the openinging could be below the support level at 4509-11. The Nifty may find first support at 4461-56 level but the best could be at 4419-21 level. The closing shall be above the first support level can console the bulls.
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 border protection war is on……
The Bulls and the Bears are engaged in a war to protect their territory that was demarked yesterday for short term trend. The news favouring the bulls to continue their run but the contraction at the higher level due to lack of steam left for up move threatens the Bulls.
The poor IIP numbers and slow down in the economy is a cause of concern but the favourable crude and slowing inflation, domestic fund raising plans by Govt. through BSNL, NHPC, reform process and the P-notes favour to attract more FII money are favourable to markets.
The Nifty is critically positioned, slight bias to bulls but today the ongoing bull run will be threatened if it fails to cross 4597-93 level, seems difficult given the global market situation. Incase we stand out today above the 4500 closing then we ca safely go for staggered investments in blue chips.
The Nifty has resistance at 4579-85 level, very unlikely to touch as the openinging could be below the support level at 4509-11. The Nifty may find first support at 4461-56 level but the best could be at 4419-21 level. The closing shall be above the first support level can console the bulls.
The poor IIP numbers and slow down in the economy is a cause of concern but the favourable crude and slowing inflation, domestic fund raising plans by Govt. through BSNL, NHPC, reform process and the P-notes favour to attract more FII money are favourable to markets.
The Nifty is critically positioned, slight bias to bulls but today the ongoing bull run will be threatened if it fails to cross 4597-93 level, seems difficult given the global market situation. Incase we stand out today above the 4500 closing then we ca safely go for staggered investments in blue chips.
The Nifty has resistance at 4579-85 level, very unlikely to touch as the openinging could be below the support level at 4509-11. The Nifty may find first support at 4461-56 level but the best could be at 4419-21 level. The closing shall be above the first support level can console the bulls.
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.
Tuesday, August 12, 2008
Now the IIP effect ….
The IIP numbers are not so good to cheer the street. The Nifty has the clear edge so long RIL supports. Till date ONGC took the torch now the RIL. The Nifty fell by 80 points at one time but the RIL did not fell below the support.
The MARKET pulse check by STOCKOMETER: As expected in the morning Nifty made a high of 4649.85 and took support at the 4525.75 level. The Nifty is in up move & trend for the day so long it trades above 4575 level, but the upper side resistance at 4649-50 level has to be crossed decisively. The good support at 4521-23 level in case of fall but minor support exists at 4561-63 level.
The Tata Motors and Maruti may face selling pressure, likely to down by 4-5%.
The selling pressure put down bt 5.8% to Maruti and 2.6 % to Tata Motors.
The RIL and RPL are at their same levels. RIL face selling pressure below 2300 and RPL below 165 level. The regular reader might have observed that the RIL has made a low of 2315.15 which was earlier resistance and the day traded above 2040 it went up to 2374.50 ( previous day suggested level … The RIL is good above 2320 level and find more buyer support above 2340 level).
The RPL though did not trade below 165 but failed to cross the resistance at 169. The high touched at 168.95 and low at 164.20
The DLF is good above 565 but the higer level selling expexted at 575-73 level. The high touched at 576 and low at 556.25
The JP may face selling above 205-203 level but good above 191 level. The high touched at 200.90 and low at 187.0
The RCOM failed to move up above 456, good above 451-53 level weak below 444-45. Today the high touched at 463.20 and low at 445.0
The Bharti is testing the patience of the Bulls but good above 849-51 level weak below 836 level. The high touched at 858 and low at 818.40
The Tata Steel is good above 651-53 level. The high touched at 664.70 and low at 598.05
Sail is good above 149 level. The high touched at 148 and low at 140.70
Most of the scrips levels has not changed except Rel Infra good above 1081-75 level, is in Bull grip. The high touched at 1121 and low at 1073.55
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 MARKET pulse check by STOCKOMETER: As expected in the morning Nifty made a high of 4649.85 and took support at the 4525.75 level. The Nifty is in up move & trend for the day so long it trades above 4575 level, but the upper side resistance at 4649-50 level has to be crossed decisively. The good support at 4521-23 level in case of fall but minor support exists at 4561-63 level.
The Tata Motors and Maruti may face selling pressure, likely to down by 4-5%.
The selling pressure put down bt 5.8% to Maruti and 2.6 % to Tata Motors.
The RIL and RPL are at their same levels. RIL face selling pressure below 2300 and RPL below 165 level. The regular reader might have observed that the RIL has made a low of 2315.15 which was earlier resistance and the day traded above 2040 it went up to 2374.50 ( previous day suggested level … The RIL is good above 2320 level and find more buyer support above 2340 level).
The RPL though did not trade below 165 but failed to cross the resistance at 169. The high touched at 168.95 and low at 164.20
The DLF is good above 565 but the higer level selling expexted at 575-73 level. The high touched at 576 and low at 556.25
The JP may face selling above 205-203 level but good above 191 level. The high touched at 200.90 and low at 187.0
The RCOM failed to move up above 456, good above 451-53 level weak below 444-45. Today the high touched at 463.20 and low at 445.0
The Bharti is testing the patience of the Bulls but good above 849-51 level weak below 836 level. The high touched at 858 and low at 818.40
The Tata Steel is good above 651-53 level. The high touched at 664.70 and low at 598.05
Sail is good above 149 level. The high touched at 148 and low at 140.70
Most of the scrips levels has not changed except Rel Infra good above 1081-75 level, is in Bull grip. The high touched at 1121 and low at 1073.55
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 crucial day ……..
The Nifty is well positioned to cross the resistance level yesterday it self but failed to use the opportunity when the global cues are very favourable.
The Nifty has been performing in a narrow band of closing is appoint to be noticed. The Nifty gained 123 points on 30th July took 3 trading days to gain 80 points then again added 107 points on 5th Aug. took 3 more days to gain 30 points, again took the positive triggers to add 91 points yesterday. The Nifty added all positive days except on last Monday.
The crude is falling, the support could be at $108-105, but the concern for our equities is the impact of the slow down that surfaced in the auto sales.
The Tata Motors sales down nearly by 10% are some thing to be noticed while the economic robustness discussed at this point in time. The IIP numbers will be resealed will carve the Nifty and the sector wise support.
Now the bottom supports for Nifty are good but the higer level contraction is worrying. The Nifty is in up move & trend for the day so long it trades above 4575 level, but the upper side resistance at 4649-50 level has to be crossed decisively. The good support at 4521-23 level in case of fall but minor support exists at 4561-63 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 Nifty has been performing in a narrow band of closing is appoint to be noticed. The Nifty gained 123 points on 30th July took 3 trading days to gain 80 points then again added 107 points on 5th Aug. took 3 more days to gain 30 points, again took the positive triggers to add 91 points yesterday. The Nifty added all positive days except on last Monday.
The crude is falling, the support could be at $108-105, but the concern for our equities is the impact of the slow down that surfaced in the auto sales.
The Tata Motors sales down nearly by 10% are some thing to be noticed while the economic robustness discussed at this point in time. The IIP numbers will be resealed will carve the Nifty and the sector wise support.
Now the bottom supports for Nifty are good but the higer level contraction is worrying. The Nifty is in up move & trend for the day so long it trades above 4575 level, but the upper side resistance at 4649-50 level has to be crossed decisively. The good support at 4521-23 level in case of fall but minor support exists at 4561-63 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.
Monday, August 11, 2008
Lack of confidence…
The markets enjoyed positive global cues, supported to many laggards but with lack of conviction to take the advantage was seen.
As expected earlier the Nifty could open above4585 and closed at the desired level at 4620.40. The disappointment was that Nifty could not convincingly cross the resistance at 4635-29 level. If it fails to grab the opportunity to trade above 4585 in the opening bell and shall cross the 4635-29 resistance, good to see the closing above 4611………………
The MARKET pulse check by STOCKOMETER: as posted in today’s Stock Specific Action,
The RIL is good above 2320 level and find more buyer support above 2340 level.
Thr RIL touched a high at 2336 and low at 2251.15
The realty sector again in news headlines- The DLF is good above 561-63 level,
The DLF cold touch 573 level but the high recorded at 579.90 low at 556.0
UNITECH good above 183, the high touched at 188.0 and low at 179.60
JP is good above 191 may cross the 200 mark, failed to cross the 200 mark but traded up to 199, low at 186.0
The metals are loosing their upward steam may get bottom support. The Tata Steel is good above 651 and weak below 639 level. The high at 665.70 and low at 642.10
Sail is good above 149 and may see selling pressure below 143. but could not cross the resistance as high recorded at 148.90 low at 145.0
The BHEL is struggling at higher level may find resistance at 1849-51 level.
The high at 1844.90 and low at 1800.00
LT may find resistance at level2885-93 level, the touched at 2900.00
REL infra at 1045-50 level but the scrip totally dominated the day as it could trade above 1050 and touched 1112.90
The booming banking lot is slightly distribution stage as the SBI is trading for a discount with others.
SBI is good above 1565, weak below 1540 level touched a high of 1605 and low at 1533.0
Relcap good above 1420 weak below 1385, touched a high of 1474.90 and low at 1428.0
ICICI good above 729 may face selling pressure below 720-16 level, it touched a high of 784 and low at 745.0
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.
As expected earlier the Nifty could open above4585 and closed at the desired level at 4620.40. The disappointment was that Nifty could not convincingly cross the resistance at 4635-29 level. If it fails to grab the opportunity to trade above 4585 in the opening bell and shall cross the 4635-29 resistance, good to see the closing above 4611………………
The MARKET pulse check by STOCKOMETER: as posted in today’s Stock Specific Action,
The RIL is good above 2320 level and find more buyer support above 2340 level.
Thr RIL touched a high at 2336 and low at 2251.15
The realty sector again in news headlines- The DLF is good above 561-63 level,
The DLF cold touch 573 level but the high recorded at 579.90 low at 556.0
UNITECH good above 183, the high touched at 188.0 and low at 179.60
JP is good above 191 may cross the 200 mark, failed to cross the 200 mark but traded up to 199, low at 186.0
The metals are loosing their upward steam may get bottom support. The Tata Steel is good above 651 and weak below 639 level. The high at 665.70 and low at 642.10
Sail is good above 149 and may see selling pressure below 143. but could not cross the resistance as high recorded at 148.90 low at 145.0
The BHEL is struggling at higher level may find resistance at 1849-51 level.
The high at 1844.90 and low at 1800.00
LT may find resistance at level2885-93 level, the touched at 2900.00
REL infra at 1045-50 level but the scrip totally dominated the day as it could trade above 1050 and touched 1112.90
The booming banking lot is slightly distribution stage as the SBI is trading for a discount with others.
SBI is good above 1565, weak below 1540 level touched a high of 1605 and low at 1533.0
Relcap good above 1420 weak below 1385, touched a high of 1474.90 and low at 1428.0
ICICI good above 729 may face selling pressure below 720-16 level, it touched a high of 784 and low at 745.0
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 gap up opening & move……..
The up ward opening at SGX shows that the Nifty can open with a gap of 66 points as the closing was at 4549 level, now trading at 4611 level.
The booming banking lot is slightly distribution stage as the SBI is trading for a discount with others may give first signs of weakness in this bullish period.
The critical points for Nifty to scale up have been discussed in If it fails, failed for …….
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 booming banking lot is slightly distribution stage as the SBI is trading for a discount with others may give first signs of weakness in this bullish period.
The critical points for Nifty to scale up have been discussed in If it fails, failed for …….
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.
If it fails, failed for …….
The robust closing of US markets will prompt the Asian pack to open higher. The real challenge is that the markets traded in very narrow range for a week, waiting for the short term strong triggers to place Nifty in a better orbit. The early sign of cracks in the bottom support of Nifty has surfaced but the Friday recovery negated the weakness. The Capital goods sector lost its upward momentum is a concern at this point along with the RIL.
If it fails to grab the opportunity to trade above 4585 in the opening bell and shall cross the 4635-29 resistance, good to see the closing above 4611 to expect the Nifty to cross the higher orbit resistance at 4735-50 level in the next 2-3 trading sessions, then the short term high can be capped till it reaches the first lower support at 4360-4340 level from where it could struggle again to build for a better up move.
The Nifty can build above those levels only when the heavy weights support. The weak points for the Nifty are RIL & RPL apart from the tech pack. Now RIL has to take this opportunity to open above 2335 level and shall cross the high of 2385, RPL had to cross the hurdle of 174-176. Incase RIL trades below 2316-18 level, RPL trades below 171 till the afternoon, Bharti trades below 865, then the selling pressure may emerge in the last one hour.
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.
If it fails to grab the opportunity to trade above 4585 in the opening bell and shall cross the 4635-29 resistance, good to see the closing above 4611 to expect the Nifty to cross the higher orbit resistance at 4735-50 level in the next 2-3 trading sessions, then the short term high can be capped till it reaches the first lower support at 4360-4340 level from where it could struggle again to build for a better up move.
The Nifty can build above those levels only when the heavy weights support. The weak points for the Nifty are RIL & RPL apart from the tech pack. Now RIL has to take this opportunity to open above 2335 level and shall cross the high of 2385, RPL had to cross the hurdle of 174-176. Incase RIL trades below 2316-18 level, RPL trades below 171 till the afternoon, Bharti trades below 865, then the selling pressure may emerge in the last one hour.
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.
Sunday, August 10, 2008
The Slaves of Markets….
It is very difficult to accept the TRUTH, proved beyond doubt in the annals of history. Even by chance we get the thought but the pain & pressure it develops will forces us to stop the introspection.
We sincerely try to escape from the fact that what is happening is against the anticipated positional move especially in stock markets, we tend to carry the wrong move with our wishful thinking. Later at a stage, deep down in red try to pray the Almighty to come and rescue forgetting the given suggestions from our inner consciousness.
The problem with the novice is that they argue how it cannot go against the decision he/she had taken and claims that the markets will turn to their favour in no time from that moment. The very nature of the false wisdom propels to commit more positions to prove to the world that how accurate the thinking was.
The comfortable level of closing the deal will become as compulsory, dumps us in deep depression. Then we start accusing friends, advisors, brokers, media and even the markets for our loss of money, some times accuse for the state of life. We never try to immediately accept the fact that we got many chances to get out of the bad deal but it is our rejection to accept the loss and the unmindful false hope that dominated the necessary right decision.
The strength of the markets can be felt by the touch of the screen with the eye balls rolling over the prices. This can save the participant in case of emergency but cannot help even to the so called expert to make a killing in the markets. The very nature of "the losers in the market" as participants carries more or less the same kind of attitude, stubbornness and lofty claims as the masters of markets. The market participants try to win over the other person known or unknown, challenges the other by taking a stand on one side. In case of a failed/wrong decision, ignores to acknowledge insted tries to find reason that made the loss. The successful persons in the market accept the very fact that they have limited knowledge, money and the required information at that particular point and close the deal.
The scholarly regarded personalities, the immediate seniors and the veterans of stock market traders advice the new blood not to trade, not to trade on high volumes and never believe the targets. In spite of all these good advices the freshers make their attempt to prove that they can win the market with their tools available at their disposal.
Some people acquire certain (tips) methods of trading and starts counting on the chance. Some gain knowledge on technical analysis which perfectly collaborates with the HISTORY of prices. In a nut shell all these help to understand the happenings that happened in the markets, reflected in the stock prices. The dynamic nature of the price movement places all the experts keep guessing with their fingers crossed. This situation neither new to the markets nor will end by tomorrow.
The solid money generated from the markets by the investment gurus, living legend like Buffett and others made“Only by Long term Investment”. None has ever suggested to trade, even most suggested not to trade the long term invested position even in a falling market. After a prolonged tearful journey with the markets will realize the fact that one has to walk in the foot prints of the market but never the movements of the market be controlled.
One more fact is that every claim that he/she could make as master the market and starts preaching to others on the “Dos and the Don’ts” like right now what I am doing is mere exhaustion, like catching a mirage. The everlasting perennial problems of ignorant, un-mindful new blood goats entering the lions den for shelter, entering the stream of stock market cannot be stopped but some light can be thrown to reveal the real situation and the necessary precautions that can protect from disastrous situations where these participants may position themselves. In-spite of many series of happenings of losing money and time, the other kinds of frustration as experience, we like to dislodge the whole idea of self analysis by our reasoning that we are "Slaves of Markets".
It is easier said than done, buy the suggestions but make your own study, take your decision.
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.
We sincerely try to escape from the fact that what is happening is against the anticipated positional move especially in stock markets, we tend to carry the wrong move with our wishful thinking. Later at a stage, deep down in red try to pray the Almighty to come and rescue forgetting the given suggestions from our inner consciousness.
The problem with the novice is that they argue how it cannot go against the decision he/she had taken and claims that the markets will turn to their favour in no time from that moment. The very nature of the false wisdom propels to commit more positions to prove to the world that how accurate the thinking was.
The comfortable level of closing the deal will become as compulsory, dumps us in deep depression. Then we start accusing friends, advisors, brokers, media and even the markets for our loss of money, some times accuse for the state of life. We never try to immediately accept the fact that we got many chances to get out of the bad deal but it is our rejection to accept the loss and the unmindful false hope that dominated the necessary right decision.
The strength of the markets can be felt by the touch of the screen with the eye balls rolling over the prices. This can save the participant in case of emergency but cannot help even to the so called expert to make a killing in the markets. The very nature of "the losers in the market" as participants carries more or less the same kind of attitude, stubbornness and lofty claims as the masters of markets. The market participants try to win over the other person known or unknown, challenges the other by taking a stand on one side. In case of a failed/wrong decision, ignores to acknowledge insted tries to find reason that made the loss. The successful persons in the market accept the very fact that they have limited knowledge, money and the required information at that particular point and close the deal.
The scholarly regarded personalities, the immediate seniors and the veterans of stock market traders advice the new blood not to trade, not to trade on high volumes and never believe the targets. In spite of all these good advices the freshers make their attempt to prove that they can win the market with their tools available at their disposal.
Some people acquire certain (tips) methods of trading and starts counting on the chance. Some gain knowledge on technical analysis which perfectly collaborates with the HISTORY of prices. In a nut shell all these help to understand the happenings that happened in the markets, reflected in the stock prices. The dynamic nature of the price movement places all the experts keep guessing with their fingers crossed. This situation neither new to the markets nor will end by tomorrow.
The solid money generated from the markets by the investment gurus, living legend like Buffett and others made“Only by Long term Investment”. None has ever suggested to trade, even most suggested not to trade the long term invested position even in a falling market. After a prolonged tearful journey with the markets will realize the fact that one has to walk in the foot prints of the market but never the movements of the market be controlled.
One more fact is that every claim that he/she could make as master the market and starts preaching to others on the “Dos and the Don’ts” like right now what I am doing is mere exhaustion, like catching a mirage. The everlasting perennial problems of ignorant, un-mindful new blood goats entering the lions den for shelter, entering the stream of stock market cannot be stopped but some light can be thrown to reveal the real situation and the necessary precautions that can protect from disastrous situations where these participants may position themselves. In-spite of many series of happenings of losing money and time, the other kinds of frustration as experience, we like to dislodge the whole idea of self analysis by our reasoning that we are "Slaves of Markets".
It is easier said than done, buy the suggestions but make your own study, take your decision.
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
The markets confirm the bottom…….
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.
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.
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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