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.
Sunday, August 31, 2008
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.
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