Wish You Happy Independence Day
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.
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