Nifty can face resistance?

The US cues were negative and the Asian markets are trading in negative bias and our ADRs also in red. We came from a depressed sentiment to positive but the June series came to an end in this weak, so we are likely to see bulls unwinding and the bears exert pressure.

In case the Nifty fails to trade above 4259-61 levels in the first half an our and RIL fail to trade above 1709-11, it is likely that the markets find comfort at 4214 level to close. The positive counters like SBI, ICICI and Bharti shall not trade above 1441, 947-49, and 821 levels respectively to see a 40 points drop in Nifty. The rest of the counters are at their old support and resistance levels.

A pull back can be seen in STER above 581, TCS above 1147 and NTPC above 153. The Idea crossed the resistance 118 on Friday can be observed continue to good for del. above 118

The DLF & ICICI success-the show of strength!

The skeptical persons said that the markets are not in a position to accept the two big issues (DLF & ICICI) at this point in time in June-07. But beyond anybody’s expectation the issues were flooded with money offerings from India and abroad is a clear sign of bullish under tone in the India’s growth story and the down turns are all consolidation attempts to make a big move in future. But the traders and Investors as cautioned earlier also should not sell growth of the enterprise but the price at a given price. It is as simple as that the scrip should be sold and re-enter at a lower price with out leaving it once for all.
The Nifty may not create a new high in this June series as the RIL issue will drag it further and the techs are any way favouring the bears. As posted earlier, the Nifty is strong so long it trades above 4079-81 levels. So the strategy is to go long with the stocks in upward momentum. As the prices are almost at their peaks need some time to consolidate and positive triggers to make a big up ward move.

The markets may take a down turn?

The issue of RIL gas and the post US and present Asian downturn may engulf the Indian markets and likely to correct the Nifty to a level of 4229-31 as closing. In case RIL trades below 1738, the above condition is double sure. The late bounce back in the Techs can continue and the majors will add 1%+ gains. The SBI may correct 1-2 % and the rest of the banking sectors.
The Nifty shall not cross 4281-83 levels and shall trade below 4251 in the first half an hour will give strength to bears. The Bharti struggling to trade above 826 is a negative sign. RCOM shall not trade above 521level and the low shall be below 515 to short sell. The Tata steel shall not cross 615-16 to see it at 591-89 levels.

The US worries likely to spread?

The world pays much attention to US and their worries are likely to affect the markets across the globe as series concerns are brewing.The Nifty shall trade above 4263 in the opening and shall try to cross 4281 in the first one-hour. The low shall not breach 4235-33 to continue the bull movement otherwise it is likely that the Nifty may touch 4189-91 levels. So try to focus on the weak counters like RCOM if it does not pierce 515 on higher side and trades below 506. The RIL trades below 1729, ONGC below 915 and the banks likely to correct, focus on ICICI and Relcap. Incase of up move focus on Idea gains momentum, good for del. above 118

The story in tact!

The viewers might have observed that the fall on Monday is to trap the bears on Tuesday and on wednesday, with a gain of nearly 340 points in Sensex and nearly 102+ points in Nifty has made the scenario to pessimism to neutral .In the earlier posting stated that a 70 point rally in Nifty is mush need has been fulfilled yesterday and the cushion of 35 points is available to bulls.
The situation at Nifty is comfortable to bull but not a warning call to the bears. The real threat comes once Nifty trades above 4263 and cross 4281 levels and as usual RIL shall trade above 1761-63 levels. There is neither a big threat to the bears nor a full advantage to the bulls. The perpetual “net-coonectivity” problems forcing me to stay away to provide the updates in the evening by 6 pm and morning by 9 am. Please try to read the old posts and write your comments, views for other views to learn more as an interactive learning by sharing.

Can we neck out?

The global cues are flat, no big favour to either. So our markets exit the true colour of movement. The ADRs are in red, especially the tech group. So the movement in line with the global move with negative bias or can we emerge to neck out. The markets are creating a platform for slaughtering, but whether bulls or bears that dictate the terms are the question at this point in time. The Nifty shall not trade below 4121-4123 levels for a positive move. The RIL shall trade above 1681 level and it could bring long call and faith in the markets if it closes above 1701-03 and ONGC closes above 903.
For today, as the global cues are in favour of bears- so the heavy weights are weak when they trade below, RIL below 1673, ONGC below 881, SBI below 1306-08, Infy below 1981, RCOM 493, Bharti below 809-811.
Tata steel long above 598 and Sail above 135. The markets may move up or down but the FMCG group find buying support and cements also consolidate.Tata motors and M&M in news with new product launches and CAIRN with its exploration.

Is this fall can trap the bears?.

The Nifty is trading with in this range for last 8 trading sessions and the heavy weights are moving nowhere from where they have started. The moves are very range bound but the positive sign is that the fall is with low volume and the rise relatively with high volume. The Nifty could find its direction with a big trap on either side as this range bound consumed more than what is required.
The personal view is infavour of bears but the bulls are in no mood to give up. In case RIL trades below 1660, the bears enjoy the profits and many more will join them in the run. The caution is that Infosys shall not trade above 1995-98 and SBI shall not trade above 1331-33 levels. The global cues are likely to favour the bears.

Asian markets green but ADRs neutral,

The Asian markets are trading in positive zone with 0.5-1% gains. So the Indian markets may open positively above 4186. On the lower side, Nifty shall not trade below 4153-51 levels to advance from these levels. The local markets are extremely cautious to advance from these levels. The level of leverage is comfortable in the market and investors are ready to take a fall, as an opportunity is also a positive situation.
The Nifty shall cross 4218-21 levels and shall trade above 4206 to create a situation to take a long call. The RIL shall trade above 1685, SBI above 1321, Bharti above 821 and RCOM above 501-03 levels to trade with long call. The metals likely advance further. Those who are long above 129 can sell if it trades below 139, resistance @141. Any takers for TCS, techs may slide further.

The markets indecisive!

Markets pared all the gains made in Friday but managed to close 20pts. gain over the last weak. The Indian story is good but the screenplay is confused to give a decisive support either to bulls or to bears. This week will like to set the trend as the monsoon; political equations over the economic policies will create a platform for a decisive move. It is evenly spread that the June series may end smoothly without much damage to either side as the important results fall in the July series. Now the bulls strength lies in their ‘hopes’ of the 1st. quarter results, i.e. more than 20% growth in profits, especially in technology and banking sectors.
Personally, I think that the markets likely to correct deeply as the liquidity absorbed by the DLF and ICICI and may under perform after the listings. Unless the DLF quote above 650-675, it will create after effects in the whole market.
The markets are relatively strong so long it trade above 4121 level and RIL above 1620 level. In case tomorrow Nifty fails to close above 4193 level and any small correction in the Asian markets will trigger to crack our markets.

The spread of Green!

The world markets spreads the green and adds market cap. The Nifty likely to open with a min.of 20points gap and continue to gain, a caution at the last hour may call for a selling pressure as we are coming from negative to positive. The Nifty fails to trade comfortable above 4193, can confirm the down move.
The RIL may tarde above 1706 and may touch 1721-23, the RCOM may find shorts covered above 501-03 and touch 513-15 level. The autos, cements and FMCG may find bottom fishing and the techs likely to advance. The ICICI good above 911 and Bharti above 821. The smaller banks participate in the move, IDFC and IDBI may move up.

Comfortable consolidation for time being!

The markets made a comfortable consolidation for the time being as the Nifty
made decent up move with most of the stocks got good support at the bottom. The successful completion of the DLF issue and made a warm welcome to the ICICI.
Tomorrow it is likely that further advancing in the Nifty, could trade above 4193 in the opening and surpass the resistance of 4221. The good beginning is the up move from cements and pharma, both are under-performers for quite some time made decent up move in the days of distress. The mid-cap do well in future once the closure of ICICI issue.
To make every thing rosy, RIL shall trade above 1681-83, ONGC above 951-53, Infy above 1973-76, bharti above 906-05 and SBI above 1305-03.

Make money from the markets?

Simply concentrate to make money from the markets no matter whether it is a short call or long call. A million dollar question- making a right call but the fact is as “The beauty of the markets is it offers money to every person who sails along the direction of move either side but one has to make a right call”. The motors are feeling the heat of interest rates and the banks fund rising measures dilute the earnings. But the power, Pharma and techs will do well.

The Nifty will has to trade above 4121 and cross 4149-51 level will happen with out much trouble. The ADRs good, buying will be good – Infy good above 1976 to a target of 2020, stop loss @ 1961, RIL good above 1683, RCOM above 491 tata steel above 596-98, Sail good above 129. IDFC and Idea will add good gains. The Media stocks will do well.

Red across the globe, China an exception!

Red all over, the ADRs in red except ICICI. The Nifty likely to open below 4141 level and may test 4087 level. The stocks, except RIL, have become weak and RIL may not lead the rally as the skepticism spread over the streets. The frontline stocks may face sell off if Nifty fail to bounce back above 4111-4115 level after touching 4089-87. The mid-caps are sliding steep even there was some relief rally came late in the evening.
The RIL- 1693-91 support, resistance at 1713-15, RCOM weak below 501-503 and Bharti weak below 821. Tata steel has support at 589-91. Zeel good for delivery at 271.

Will the up move continue..?.

As posted, the Nifty made no big gains nor lost much but added some hopes of strength with the big move from RIL. In the earlier posts it was mentioned that the support will come once SBI touches 1303-05 level and Nifty at 4087 level. The traders might have observered that the SBI touched 1305 which is a strong support and June series touched 4087 and then bounced back to 4155 level. The Tata steel and RIL have given decent returns to those on long and RCOM failed to trade above 506 touched 486 and Hindalco gave money to bears.
The up move is valid only when Nifty trades above 4186-89 level and the heavy weights should trade above the support levels. I request the viewers to consider the views for the day and some levels with special mention to be considered for 3-4 weeks. Now the markets are at the verge of the bull support. Unless a big move with 75-80 points single day rally in Nifty is happened with in 5-7 trading sessions it is likely that the markets fall by its own weight to 3680 level. I request
the readers to post thier comments and trading experinces.

Asian markets negative bias, So we..?

The markets may take some time to change the on going correction. The bulls lost the opportunity to take the markets up in the yesterday trades. There is no big news emerged for today. So the stocks may trade in the trading range with positive bias, support from techs and energy sectors.
The Nifty shall not trade below 4123-4120 level to bid for a come back by crossing the 4166 and should trade above 4183 level to make the bears for a run. So long Nifty trades below 4156-59 level the bears build pressure.
RIL shall not trade below 1651 and should cross 1686; RCOM become weak if doesn’t cross 515 and trade below 506. Tata steel may bounce to 593-96 level; Zeel a good buy at 275-271 with a stop loss at 263-261. A correction can be expected in Hindalco to a level 156-155 level.

Late wipe out in the gains made!

The up move has become short lived which is a caution to bulls. The Nifty could easily cross 4200 but bears took the opportunity to beat the bulls. The real secret lies a head as “who is trapping whom”.

The technical outlook is positive on account of global up run in the stocks. The Indian markets corrected today could be stated as bottom building so long as the RIL trades above 1641-38, ONGC trade above 831-29, RCOM trade above 493-495 and SBI trade above 1309. The weak steels turn to post gains when Tata steel trade above 593-596. The BPO story is turning to a new script as KPO and Pharma will do their research as CRAMS. What ever we do with our knowledge will pour ‘Dollars’. So no panic alarms but certainly some disappointments.

Up, up move in SENSEX!, run up in stocks!

The up move can be seen every where. It seems that the Nifty could easily cross 4200 and even crossing 4211-4221 could become no surprise as things stand out.

The technicals become positive if things move as stated above. The RIL shall trade above 1681-83, ONGC shall trade above 891-93.RCOM likely to cross the all time high. SBI likely to trade above 1389. The weak steels may post decent gains today. The techs bottom support are intact, so their run can spread to even small cap techs. The laggards are FMCG and autos.
The DLF and ICICI are not absorbing the money, instead bringing FII money and a big broadcast for Indian stock markets?.

Up, up move in SENSEX!, run up in stocks!

The up move can be seen every where. It seems that the Nifty could easily cross 4200 and even crossing 4211-4221 could become no surprise as things stand out.

The technicals become positive if things move as stated above. The RIL shall trade above 1681-83, ONGC shall trade above 891-93.RCOM likely to cross the all time high. SBI likely to trade above 1389. The weak steels may post decent gains today. The techs bottom support are intact, so their run can spread to even small cap techs. The laggards are FMCG and autos.
The DLF and ICICI are not absorbing the money, instead bringing FII money and a big broadcast for Indian stock markets?.

Up, up move in SENSEX!, run up in stocks!

The up move can be seen every where. It seems that the Nifty could easily cross 4200 and even crossing 4211-4221 could become no surprise as things stand out.

The technicals become positive if things move as stated above. The RIL shall trade above 1671-73, ONGC shall trade above 891-93.RCOM likely to cross the all time high. SBI likely to trade above 1389. The weak steels may post decent gains today. The techs bottom support are intact, so their run can spread to even small cap techs. The laggards are FMCG and autos.
The DLF and ICICI are not absorbing the money, instead bringing FII money and a big broadcast for Indian stock markets?.

Will the Nifty open above 4163 level?.

The clues from USA are more encouraging than expected in this short span. The Nasdaq and Dow recorded positive gains after a steep fall. So it is likely that Nifty on Monday could open with a positive gap and should close above 4191-93 which will wipe out the negative environment that created over the last 5 trading sessions. This time Sensex will have smooth run as the run up from techs, especially from Infosys. The Asian markets may also follow the big brother and the emerging markets out perform. In case the low of Nifty could not register above 4141, then there is some bear grip in the markets.

It seems the euphoria over ‘Nuclear’ (as of now No-clear) power generation has to wait for more than a year as things emerged now. So is the bullishness in BHEL, ABB, NTPC, REL, Tata Power, L&T and Punj Lloyd. Technically negative points worrying at this point were the weakness in Bharti, ICICI and Sail are trading far below their support levels along with cement and the auto sectors as a whole. The investors can start accumulating in Pharma and FMCG for a 50% rise with a time frame up to Sep-Oct-07. The stock specific levels on Monday.