The markets will test the low of 4200 level and bounce back above 4285 is a good sign for better investment planning. The markets will perform but selective scrips will provide better returns. They are mainly the N-power related stocks, the KPO, and CRAMS.
The market pulse check by STOCKOMETER: Nifty failed to hold above 4321 but touched 4297 level due to heavy weakness in the Reliance and ICICI bank.
As posted in Stock Specific Action: The ONGC has support at 970-65 level and the low recorded are 974. The Relcap has support at 1290-96 level and the low recorded is 1292, The SBI has support at 1430 and the low recorded is 1423. The ICICI bank has support at 663 but it went upto 648.
The RCOM is good above 509, went up to 516 in a 120 points down weak market. The DLF is good above 506 and the high recorded is 506.95.
The JP is weak below 169 and the recorded high is 168.
The Infy is good above 1585 but the high recorded is 1585, Satyam is good above 379-81 the high touched 378.5, while WIPRO is good above 428 but the high recorded is 420.
The Stock Specific Action, Visit: www.intradaystockcalls.blogspot.com
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Saturday, July 26, 2008
Friday, July 25, 2008
The global melt down
The testing times for the markets to keep afloat above 4000 level and the RIL has to trade above the 2050 level to see these things happen.
The ONGC has out performed in the current season and under no circumstances it shall trade below 840 levels to keep the faith in our markets. The up move triggered one week back has enough steam to take the Nifty to 4865-4935 level with out much strain. The market friendly policies and disinvestment announcements and easing of inflation will keep the FII’s faith in our markets.
The Nifty is likely to open with a gap down, has the first support at 4395-91 level and has the bullish momentum to recover the losses. The Nifty has the second support at 4360 level and the days best available at 4321-25 level. The Reliance results effect will decide the course of the Nifty Journey as the results published in the evening. The Reliance has support at 2285 level, incase it breaches then the support at 2230 and at 2205-08 level may spoil the chances of Nifty scaling upward. In case RIL stays above 2305 then likely to cross 2370 then to 2385 level and the upward push may take it to 2485-2525 level in the coming sessions.
The Stock Specific Action, Visit: www.intradaystockcalls.blogspot.com
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The ONGC has out performed in the current season and under no circumstances it shall trade below 840 levels to keep the faith in our markets. The up move triggered one week back has enough steam to take the Nifty to 4865-4935 level with out much strain. The market friendly policies and disinvestment announcements and easing of inflation will keep the FII’s faith in our markets.
The Nifty is likely to open with a gap down, has the first support at 4395-91 level and has the bullish momentum to recover the losses. The Nifty has the second support at 4360 level and the days best available at 4321-25 level. The Reliance results effect will decide the course of the Nifty Journey as the results published in the evening. The Reliance has support at 2285 level, incase it breaches then the support at 2230 and at 2205-08 level may spoil the chances of Nifty scaling upward. In case RIL stays above 2305 then likely to cross 2370 then to 2385 level and the upward push may take it to 2485-2525 level in the coming sessions.
The Stock Specific Action, Visit: www.intradaystockcalls.blogspot.com
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Thursday, July 24, 2008
No problem correction…?…..
The crude has cooled very rapidly and even broke the $120/- support. The Global markets rallied in celebration particularly the Asian pack.
The Nifty has made a decent bottom support at 4050 level and temporarily not likely to go below 4240 the first support.
The inflation figures though not exuberant as well not threatening.
The upward movement has been cooled, likely to see some healthy correction in case tomorrow Nifty fails to trade above 4485. the immediate bottom support at 4362-65 level. The RCOM was battered but did not break the support at 493 and Bharti stayed above 785. The Reliance stayed above 2280 level, anticipation of good results, which were delivered in the evening and the street verdict is awaited. The RPL todya also failed to stay above 174 level.
The reality sector showed some resilience from the big boys like DLF, Unitech and JP. The lone sector that corrected a bit more is the banking sector along with the meltdown in metal scrips.
The fertilizer scrips like RCF, Nagarjuna, GNFC and Coromandal registered 10-20% up move. The appreciation of rupee impacted the tech scrips like TCS, Tech Mahindra, Styam and Infy. This is a good opportunity to park the liquid cash in the tech majors for reasonable relatively assured returns.
The Bharti results failed to cheer though they are good numbers but Idea needs some good ideas to increase the bottom line.
The Nifty has made a decent bottom support at 4050 level and temporarily not likely to go below 4240 the first support.
The inflation figures though not exuberant as well not threatening.
The upward movement has been cooled, likely to see some healthy correction in case tomorrow Nifty fails to trade above 4485. the immediate bottom support at 4362-65 level. The RCOM was battered but did not break the support at 493 and Bharti stayed above 785. The Reliance stayed above 2280 level, anticipation of good results, which were delivered in the evening and the street verdict is awaited. The RPL todya also failed to stay above 174 level.
The reality sector showed some resilience from the big boys like DLF, Unitech and JP. The lone sector that corrected a bit more is the banking sector along with the meltdown in metal scrips.
The fertilizer scrips like RCF, Nagarjuna, GNFC and Coromandal registered 10-20% up move. The appreciation of rupee impacted the tech scrips like TCS, Tech Mahindra, Styam and Infy. This is a good opportunity to park the liquid cash in the tech majors for reasonable relatively assured returns.
The Bharti results failed to cheer though they are good numbers but Idea needs some good ideas to increase the bottom line.
No problem correction…?…..
The crude has cooled very rapidly and even broke the $120/- support. The Global markets rallied in celebration particularly the Asian pack.
The Nifty has made a decent bottom support at 4050 level and temporarily not likely to go below 4240 the first support.
The inflation figures though not exuberant as well not threatening.
The upward movement has been cooled, likely to see some healthy correction in case tomorrow Nifty fails to trade above 4485. the immediate bottom support at 4362-65 level. The RCOM was battered but did not break the support at 493 and Bharti stayed above 785. The Reliance stayed above 2280 level, anticipation of good results, which were delivered in the evening and the street verdict is awaited. The RPL todya also failed to stay above 174 level.
The reality sector showed some resilience from the big boys like DLF, Unitech and JP. The lone sector that corrected a bit more is the banking sector along with the meltdown in metal scrips.
The fertilizer scrips like RCF, Nagarjuna, GNFC and Coromandal registered 10-20% up move. The appreciation of rupee impacted the tech scrips like TCS, Tech Mahindra, Styam and Infy. This is a good opportunity to park the liquid cash in the tech majors for reasonable relatively assured returns.
The Bharti results failed to cheer though they are good numbers but Idea needs some good ideas to increase the bottom line.
The Nifty has made a decent bottom support at 4050 level and temporarily not likely to go below 4240 the first support.
The inflation figures though not exuberant as well not threatening.
The upward movement has been cooled, likely to see some healthy correction in case tomorrow Nifty fails to trade above 4485. the immediate bottom support at 4362-65 level. The RCOM was battered but did not break the support at 493 and Bharti stayed above 785. The Reliance stayed above 2280 level, anticipation of good results, which were delivered in the evening and the street verdict is awaited. The RPL todya also failed to stay above 174 level.
The reality sector showed some resilience from the big boys like DLF, Unitech and JP. The lone sector that corrected a bit more is the banking sector along with the meltdown in metal scrips.
The fertilizer scrips like RCF, Nagarjuna, GNFC and Coromandal registered 10-20% up move. The appreciation of rupee impacted the tech scrips like TCS, Tech Mahindra, Styam and Infy. This is a good opportunity to park the liquid cash in the tech majors for reasonable relatively assured returns.
The Bharti results failed to cheer though they are good numbers but Idea needs some good ideas to increase the bottom line.
Can the rally live this time?…..
The positive global cues and the Asian markets rally can keep us in green in the morning and in the evening it is very likely that some profit booking can be seen. The likely would of correction is around the corner as the over heated markets need some cooling. The Bulls this time made a killing in the markets as they pushed the Nifty from 3800 to 4500. The rally focused on the banking/insurance sector and the power sector. The profit booking is over due as these markets recovered from their lows due to short covering and with some buying from institutions. The retail investors will come to market with anticipated up move at least from this level to 5000+ level.
The Nifty is good above 4370 level and likely to face resistance at 4511-15 level. Incase it crosses 4529-31 level then the markets will easily cross 4612 resistance with out any resistance in the coming days.
(Due to some unavoidable technical problems I failed to post in the morning, though it has little value now but help the readers to track the movement)
The Nifty is good above 4370 level and likely to face resistance at 4511-15 level. Incase it crosses 4529-31 level then the markets will easily cross 4612 resistance with out any resistance in the coming days.
(Due to some unavoidable technical problems I failed to post in the morning, though it has little value now but help the readers to track the movement)
Wednesday, July 23, 2008
The Bears cover, the Bulls buy, buys…..
The markets were wild enough to force the bears to cover their shorts and the Nifty went into premium from a deep discount of 70 points at the opening of the July series.
The Nifty may fall but it will bounce back as the news is in favour of the Bulls. The negative news that is there was discounted as it is not giving a new taste.
The Nifty is likely to continue the bull momentum as the resistances are loosing their significance on its up move. Now the Nifty is likely to stay above 4116-20 level for some time. The Nifty may get support at 4360 level and a better support at 4325-30 level.
The market pulse check by STOCKOMETER: As posted, the Nifty has crossed the 4385 level and crossed the 4425 level to reach 4491+ with energy as the N-power empowered the Bulls.
In the Stock Specific Action it was suggested that the weak counters like Infy and Satyam performed from the suggested levels. As suggested the RPL crossed the 169 level and stopped at the 174 hurdle, the high registered is 174. As suggested, the Essar oil touched 195 when the resistance crossed at 183, the high registered is 197. As suggested, the Bharti is good above 793 and touched a high of 828.
The RCOM made a real come back with vengeance along with their group companies. It crossed the resistance at 496-93 with ease and rallied to 531 level. The Relcap crossed 1220 and went up to 1376+ level.
The Stock Specific Action, Visit: http://www.intradaystockcalls.blogspot.com/
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The Nifty may fall but it will bounce back as the news is in favour of the Bulls. The negative news that is there was discounted as it is not giving a new taste.
The Nifty is likely to continue the bull momentum as the resistances are loosing their significance on its up move. Now the Nifty is likely to stay above 4116-20 level for some time. The Nifty may get support at 4360 level and a better support at 4325-30 level.
The market pulse check by STOCKOMETER: As posted, the Nifty has crossed the 4385 level and crossed the 4425 level to reach 4491+ with energy as the N-power empowered the Bulls.
In the Stock Specific Action it was suggested that the weak counters like Infy and Satyam performed from the suggested levels. As suggested the RPL crossed the 169 level and stopped at the 174 hurdle, the high registered is 174. As suggested, the Essar oil touched 195 when the resistance crossed at 183, the high registered is 197. As suggested, the Bharti is good above 793 and touched a high of 828.
The RCOM made a real come back with vengeance along with their group companies. It crossed the resistance at 496-93 with ease and rallied to 531 level. The Relcap crossed 1220 and went up to 1376+ level.
The Stock Specific Action, Visit: http://www.intradaystockcalls.blogspot.com/
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Writing on the wall….
The markets are likely to open above the immediate resistance level at 4340 level and may cross 4385-4393 level. In case it could trade above 4425 in the day is a clear signal that the bulls are in charge of the situation till it reaches 4680.
The low of Nifty shall not breach 4280 in the intra day.
The RIL has to trade above 2287 and it shall not trade below 2150 level. This is a classic indication to identify the market movement.
The Stock Specific Action, Visit: www.intradaystockcalls.blogspot.com
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The low of Nifty shall not breach 4280 in the intra day.
The RIL has to trade above 2287 and it shall not trade below 2150 level. This is a classic indication to identify the market movement.
The Stock Specific Action, Visit: www.intradaystockcalls.blogspot.com
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Tuesday, July 22, 2008
No doubt Govt. survived……
The UPA govt. made its mark in the annals of history by many events and the best for markets is that it “sir, vivid”.
The dramatic movements of Parliament can fill the “News” for the media but cast dark shadow on the “Democracy” that was dragged on the floor of Parliament by many senior great parliamentarians.
The companies will rejoice with the deals that open new doors of businesses from the N-deal and the profits that fatten the bottom lines of these companies.
The Nifty is strong at 4070 level, unless the level is distinctly breached with a serious reason; it became a good support for short term.
The Nifty may become weak if it trades below 4180 level and the RIL shall trade below 2050 level. The immediate concern is that the Nifty made its journey from 3800 to 4263 in just 5 trading sessions that to many political challenges ahead of it.
Dt: 17-07-2008 evening posted………..As we expected, Nifty could cross the 3940 level in morning and could stay through out the day and closed above the crucial closing of 3943 level as expected in the morning posting……
Dt: 17-07-2008 night posted…… the Nifty has crossed the minor resistance while facing the non-stop selling spree. Though it looks too early to conclude but as things stand out today on the face of it looks that Nifty made a reasonable support at 3800 level and will advance upto 4380-4550. The possible hurdle could be the failure of the Govt. to secure the trust vote and you know the result….
The dramatic movements of Parliament can fill the “News” for the media but cast dark shadow on the “Democracy” that was dragged on the floor of Parliament by many senior great parliamentarians.
The companies will rejoice with the deals that open new doors of businesses from the N-deal and the profits that fatten the bottom lines of these companies.
The Nifty is strong at 4070 level, unless the level is distinctly breached with a serious reason; it became a good support for short term.
The Nifty may become weak if it trades below 4180 level and the RIL shall trade below 2050 level. The immediate concern is that the Nifty made its journey from 3800 to 4263 in just 5 trading sessions that to many political challenges ahead of it.
Dt: 17-07-2008 evening posted………..As we expected, Nifty could cross the 3940 level in morning and could stay through out the day and closed above the crucial closing of 3943 level as expected in the morning posting……
Dt: 17-07-2008 night posted…… the Nifty has crossed the minor resistance while facing the non-stop selling spree. Though it looks too early to conclude but as things stand out today on the face of it looks that Nifty made a reasonable support at 3800 level and will advance upto 4380-4550. The possible hurdle could be the failure of the Govt. to secure the trust vote and you know the result….
The strength in doubt………..
The markets displayed their strength at the bourses while the govt. is trying to show its strength at the floor of the Parliament.
The markets know it better what deal came through and the deal in pipeline when the N-deal passes through the regulatory authorities.
The market pulse check by STOCKOMETER: I anticipated a fall in the indices especially in the banking sector which was proved wrong beyond doubt.
I suggested RIL is strong above 2130 level and it registered a low of 2125. The RCOM suggested good above 448-48, low registered at 445.
I suggested that ONGC will close below 932 but the low was at 940 level. The blessing in disguise is that the DLF and JP showed some weakness while the Nifty added above 100 points. But at the core point I was proved wrong and stood with strength.
For today market proved that I totally failed to understand it. So Never Forget: I may be wrong.
The markets know it better what deal came through and the deal in pipeline when the N-deal passes through the regulatory authorities.
The market pulse check by STOCKOMETER: I anticipated a fall in the indices especially in the banking sector which was proved wrong beyond doubt.
I suggested RIL is strong above 2130 level and it registered a low of 2125. The RCOM suggested good above 448-48, low registered at 445.
I suggested that ONGC will close below 932 but the low was at 940 level. The blessing in disguise is that the DLF and JP showed some weakness while the Nifty added above 100 points. But at the core point I was proved wrong and stood with strength.
For today market proved that I totally failed to understand it. So Never Forget: I may be wrong.
The trust Vs the distrust……
The markets may be volatile but they will stabilize as the swing is in favour of UPA. The markets will feel the nervous movements as the d-day has approached. The trust and mistrust are the core contents of the drama in Delhi. The leaders are claiming and blaming the other parties’ abilities and crippledness in handling various issues. Any way the time has come to unfold the curtains of suspense over the survival of the Govt. in power and the fate of the N-deal.
The Nifty could gain about 320 points in 3 trading days is a good sign in these difficult periods. So it is very likely that the Nifty could face selling pressure at higher levels. The corporate results are so far good and we can expect better results for this quarter. The real challenge is to manage the next two quarter with this kind of performance. The Nifty made a high of 4169 on 9th and closed at the same level at 4159 but the low is above 2%.
The banking sector made a decent come back in the rally that focused on SBI, ICICI and Bank India. The other bank like Axis bank, Union Bank and Kotak bank covered their earlier loses.
The Stock Specific Action, Visit: www.intradaystockcalls.blogspot.com
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The Nifty could gain about 320 points in 3 trading days is a good sign in these difficult periods. So it is very likely that the Nifty could face selling pressure at higher levels. The corporate results are so far good and we can expect better results for this quarter. The real challenge is to manage the next two quarter with this kind of performance. The Nifty made a high of 4169 on 9th and closed at the same level at 4159 but the low is above 2%.
The banking sector made a decent come back in the rally that focused on SBI, ICICI and Bank India. The other bank like Axis bank, Union Bank and Kotak bank covered their earlier loses.
The Stock Specific Action, Visit: www.intradaystockcalls.blogspot.com
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Monday, July 21, 2008
The markets stabilized…….
The positive global cues helped the markets to gain decent positive returns despite of a major event ahead. The markets maintained their positive up move as a bounce back move. The analysts consider this as a bear market rally that can last for a brief period. The markets look attractive at this stage when one considers investment perspective of 2-3 years time. Let the trust vote be over to find some “Trust” in the markets.
The market pulse check by STOCKOMETER: In the morning suggested in Stock Specific Action that RIL is strong above 2080-85 level and it made a low of 2093. The ONGC made a low of 932 suggested, good above 923. The BHEL, REL Infra and NTPC shall trade with positive bias. The BHEL made a low 1477.2 suggested low to become weak at 1455
The REL infra suggested strong above 820 and the low registered is 827.
Inspite of good move in the Nifty level the suggestion on RPL that RPL has weakness in the momentum but good above 156, but it could not cross 156.
The RCOM is good above 429 and become weak below 418-18, the low registered was 430 and Bharti is good above 785 and second support at 771-69, low registered was 773. The ICICI is good above 605-08, the low registered 624 and the SBI is in bull grip is good above 1270 and the low registered 1291.
I failed to understand the up move in the JP Associates suggested that the selling pressure will come and could see free fall below 151 but the low registered is 153.
The Stock Specific Action, Visit: http://www.intradaystockcalls.blogspot.com/
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The market pulse check by STOCKOMETER: In the morning suggested in Stock Specific Action that RIL is strong above 2080-85 level and it made a low of 2093. The ONGC made a low of 932 suggested, good above 923. The BHEL, REL Infra and NTPC shall trade with positive bias. The BHEL made a low 1477.2 suggested low to become weak at 1455
The REL infra suggested strong above 820 and the low registered is 827.
Inspite of good move in the Nifty level the suggestion on RPL that RPL has weakness in the momentum but good above 156, but it could not cross 156.
The RCOM is good above 429 and become weak below 418-18, the low registered was 430 and Bharti is good above 785 and second support at 771-69, low registered was 773. The ICICI is good above 605-08, the low registered 624 and the SBI is in bull grip is good above 1270 and the low registered 1291.
I failed to understand the up move in the JP Associates suggested that the selling pressure will come and could see free fall below 151 but the low registered is 153.
The Stock Specific Action, Visit: http://www.intradaystockcalls.blogspot.com/
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The tug of war ………
The spectator’s tension of “win or loose” is not confined to games but also to the govt. in power. The trading in the bazaar is a certified transaction but the profit and loss is accounted but where as “our show” is creating big news with allegations and counter allegations. The ruling party is saying publicly that the “match fixing” has completed and the opposition is claiming that the govt. will be bulldozed under the communal left and right forces.
The Nifty shall trade above 4040-4035 level to continue the Bull movement at the bourses and also an indication that he govt. will clearly win the trust vote. Incase it trades below and above 3991-86 level there was some doubt. The positive news from the Asian markets shall keep the Nifty above the first suggested level unless there is some vital news with the markets.
The Stock Specific Action, Visit: http://www.intradaystockcalls.blogspot.com/
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The Nifty shall trade above 4040-4035 level to continue the Bull movement at the bourses and also an indication that he govt. will clearly win the trust vote. Incase it trades below and above 3991-86 level there was some doubt. The positive news from the Asian markets shall keep the Nifty above the first suggested level unless there is some vital news with the markets.
The Stock Specific Action, Visit: http://www.intradaystockcalls.blogspot.com/
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Sunday, July 20, 2008
DOES “UPA” HAS STRENGTH …?
The question at this hour is whether the UPA will face the trust vote or Dr. Manmohan Singh will resign before facing the parliament. The UPA is not relying on its strengths but trying to save from the weakness of the NDA. The new allies are not united at UPA and the old friends of NDA are surviving with limited trust among them.
The markets will live and dance to the tunes of the Delhi politics for next two days. The volatile moments give confusing signals for time to time. The technicals from the prices have little relevance as the markets may swing any direction at any time.
The heavy weights have something to say in the difficult/directionless times. The effort is to remind you how we made our journey to this level from 6300 to 3800 level. If you can, then go through….. “History helps us to plan for the Future” but in a different way.
Y can’t it be…………….18-11-2007 ......
The story is contrary to the current happenings at the bourses. The positive side shall go this way….
In my earlier write up I clearly mention to hold positions in fertilizer stocks for decent gains. Now they doubled from the prices recommended to buy & hold. In the same manner I wrote about the investments of FIIs in our markets. They first invested huge amounts in the Reliance group. They are familiar with the Reliance group growth story and the Indian growth story. Now they are spreading their investments to other sectors with different groups. The large caps are rather fully saturated at the price level and left with little scope for further appreciation. So the MFs, FIIs and the DIIs are left with no option but to explore new opportunities with emerging companies though they are small to medium in size at this point in time. The flare up in prices is due to the mismatch in their size and the liquid cash chasing the stock.
The negative side shall go this way….
The small cap and the medium cap stocks are now in their flare-up run at the bourses, but the investigative approach can show a dark side of manipulations in the game.
The story goes back to the 2005-2006, the FIIs, the MFs and the operators heavily invested in (the early bird catches the fish) the Mid-small cps to capture the instant large gains which turned out a futile effort due to lack of liquidity due to the steep crash when the Sensex was at 12000 range. The investments became dud for long two years with no moves. After a long frustration, now these people captured the up moves with vengeance. I personally feel that the prices are sky rocketing with thin edge time to participate in those sharp moves is a clear sign of distribution at higher levels.
The retail investor will know about the rise in the scrip at the end of the day, after the next day the participation comes above 20% rise. To conclude the view, these stocks likely to hit the lower circuits or steep fall occur after three to five trading sessions of Bull Run. Be cautious……………………
The end of the BULLRUN?.17-12-2007
The markets are taking deep breath to settle for a long leap up move or end of the Bull Run? Is the question at this point?
I see a steep correction like that happened in May 2005 if the Nifty fails to close above 5935 with in 3 trading sessions. At the immediate level the Nifty shall not close below 5670 level to continue the bull run.
Incase the Nifty fails to trade and close above 5885 tomorrow, it is likely that the markets likely to touch 5321-28 level and then markets need strong cues to rejuvenate the bulls.
The big boys of the market are very silent for their own reasons but the time has come that they need to infuse vital medicine to the Bulls to take on Bears. The good support of RIL at 2640-30, SBI has support at 2135-2128, ONGC has support at 1060-70, Bharti at 835-829 level and the ICICI has support at 1085-1090. Incase two or three stocks could stay above 4-5% above those support levels then the markets are for the Bulls.
The markets likely to take help from the tech stocks, FMGC and from the Pharma
With out doubt, the Small cap and Mid-cap run-up story is intact until the Nifty stays above 4865-4935 levels.
Uncertainty is Certain… 25-12-2007
The stock valuations are most vulnerable by their nature to the minor and major issues and to local and international issues even if they are not of much importance on the face of influence a lot in the minds of investors cause anxiety fluctuate in price irrespective of the percentage of concern. We can easily say, “the uncertainty is certain” at the bourses each time and every time. Those who fear about uncertainty can search their souls in peace, as nothing is certain.
As expected in my earlier write up the market bounced back on bull track in 4 trading sessions.(………if the Nifty to close above 5935 with in 3 trading sessions. At the immediate level the Nifty shall not close below 5670 level to continue the bull run…….. The markets likely to take help from the tech stocks, FMGC and from the Pharma).
Now the challenge at the Nifty level is to stay above 5778-71 to register a new high and above 6400 level by the end of first week of Feb-2008. The run up in the prices of power and infra will take a back seat and the service sectors and hotels will enjoy the support of bulls along with FMGC & retail move. The gas transportation and the network is the emerging sector. I have been suggesting holding in Fertliser stocks and the next big bet on banks with insurance exposure. These sectors will explode maximum followed by oil exploration and allied services.
No longer immune…….
The Indian markets are resilient to the external pressures of equity fall as the markets see good future but the immediate and short-term pressures cann’t be ruled out. In my ealier write up dated: 29/10/2007, clearly mentioned the possible up side be capped at 6290.
It can’t be stretched further….
…..I foresee the Bull run can become a long consolidation period- more than 6-9 months with a range of 5250-6290 at Nifty level.
The markets are likely to see more down ward action than upward momentum. The rise and fall ratio could be of 1:3 from next week onwards until Aug-Sep-2008. Incase economy could face the challenges for next 6 months than the upward journey in the stocks resume. Indian stocks revaluation based on the broad based economy and growth prospects is over and the real test is that the companies have to perform given the opportunities, then the markets. So is US………
The markets are fighting for their survival as the Bull Run took a beating at the bourses. The markets will take considerable time to resume their upward move. (Pls.read my earlier write ups.---the range suggested at 5250-6290 but the high touched at 6347). The game plans of the operators are very clear that they took the Sub-prime issue for more than 6-months so that the retail investors forget. I warned that the sub-prime issue is much bigger than what they pronouncing.
Now the long period of consolidation is good opportunity to traders as they can get in and get out at every 12-15% rise and fall. The earnings will be good to the Indian industry as the consumer demand and the economic growth continue to flourish. The markets likely to test the bottom at 5192-5226 at the worst scenario but this will happen only if the Nifty fails to cross 5935 before the end of Jan-FO series.
The markets likely to get support at 5670 level as first support and if trades below that level then the support at 5445-15 level at the October-07 level. So long the Reliance stays above 2630-50 level, ICICI stays above 1135-29 level and the ONDC stays above 1090-1110, SBI stays above 2020 and the Bharti stays above 810 level the markets enjoy the bulls support. This correction is a measure to MFs & FIIs to save themselves from the Mid-cap trap happened at 2005.
The Stock Specific Action, Visit: http://www.intradaystockcalls.blogspot.com/
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
I request you to think carefully all the events that made the Bull run and the happenings that caused the burst.
The markets will live and dance to the tunes of the Delhi politics for next two days. The volatile moments give confusing signals for time to time. The technicals from the prices have little relevance as the markets may swing any direction at any time.
The heavy weights have something to say in the difficult/directionless times. The effort is to remind you how we made our journey to this level from 6300 to 3800 level. If you can, then go through….. “History helps us to plan for the Future” but in a different way.
Y can’t it be…………….18-11-2007 ......
The story is contrary to the current happenings at the bourses. The positive side shall go this way….
In my earlier write up I clearly mention to hold positions in fertilizer stocks for decent gains. Now they doubled from the prices recommended to buy & hold. In the same manner I wrote about the investments of FIIs in our markets. They first invested huge amounts in the Reliance group. They are familiar with the Reliance group growth story and the Indian growth story. Now they are spreading their investments to other sectors with different groups. The large caps are rather fully saturated at the price level and left with little scope for further appreciation. So the MFs, FIIs and the DIIs are left with no option but to explore new opportunities with emerging companies though they are small to medium in size at this point in time. The flare up in prices is due to the mismatch in their size and the liquid cash chasing the stock.
The negative side shall go this way….
The small cap and the medium cap stocks are now in their flare-up run at the bourses, but the investigative approach can show a dark side of manipulations in the game.
The story goes back to the 2005-2006, the FIIs, the MFs and the operators heavily invested in (the early bird catches the fish) the Mid-small cps to capture the instant large gains which turned out a futile effort due to lack of liquidity due to the steep crash when the Sensex was at 12000 range. The investments became dud for long two years with no moves. After a long frustration, now these people captured the up moves with vengeance. I personally feel that the prices are sky rocketing with thin edge time to participate in those sharp moves is a clear sign of distribution at higher levels.
The retail investor will know about the rise in the scrip at the end of the day, after the next day the participation comes above 20% rise. To conclude the view, these stocks likely to hit the lower circuits or steep fall occur after three to five trading sessions of Bull Run. Be cautious……………………
The end of the BULLRUN?.17-12-2007
The markets are taking deep breath to settle for a long leap up move or end of the Bull Run? Is the question at this point?
I see a steep correction like that happened in May 2005 if the Nifty fails to close above 5935 with in 3 trading sessions. At the immediate level the Nifty shall not close below 5670 level to continue the bull run.
Incase the Nifty fails to trade and close above 5885 tomorrow, it is likely that the markets likely to touch 5321-28 level and then markets need strong cues to rejuvenate the bulls.
The big boys of the market are very silent for their own reasons but the time has come that they need to infuse vital medicine to the Bulls to take on Bears. The good support of RIL at 2640-30, SBI has support at 2135-2128, ONGC has support at 1060-70, Bharti at 835-829 level and the ICICI has support at 1085-1090. Incase two or three stocks could stay above 4-5% above those support levels then the markets are for the Bulls.
The markets likely to take help from the tech stocks, FMGC and from the Pharma
With out doubt, the Small cap and Mid-cap run-up story is intact until the Nifty stays above 4865-4935 levels.
Uncertainty is Certain… 25-12-2007
The stock valuations are most vulnerable by their nature to the minor and major issues and to local and international issues even if they are not of much importance on the face of influence a lot in the minds of investors cause anxiety fluctuate in price irrespective of the percentage of concern. We can easily say, “the uncertainty is certain” at the bourses each time and every time. Those who fear about uncertainty can search their souls in peace, as nothing is certain.
As expected in my earlier write up the market bounced back on bull track in 4 trading sessions.(………if the Nifty to close above 5935 with in 3 trading sessions. At the immediate level the Nifty shall not close below 5670 level to continue the bull run…….. The markets likely to take help from the tech stocks, FMGC and from the Pharma).
Now the challenge at the Nifty level is to stay above 5778-71 to register a new high and above 6400 level by the end of first week of Feb-2008. The run up in the prices of power and infra will take a back seat and the service sectors and hotels will enjoy the support of bulls along with FMGC & retail move. The gas transportation and the network is the emerging sector. I have been suggesting holding in Fertliser stocks and the next big bet on banks with insurance exposure. These sectors will explode maximum followed by oil exploration and allied services.
No longer immune…….
The Indian markets are resilient to the external pressures of equity fall as the markets see good future but the immediate and short-term pressures cann’t be ruled out. In my ealier write up dated: 29/10/2007, clearly mentioned the possible up side be capped at 6290.
It can’t be stretched further….
…..I foresee the Bull run can become a long consolidation period- more than 6-9 months with a range of 5250-6290 at Nifty level.
The markets are likely to see more down ward action than upward momentum. The rise and fall ratio could be of 1:3 from next week onwards until Aug-Sep-2008. Incase economy could face the challenges for next 6 months than the upward journey in the stocks resume. Indian stocks revaluation based on the broad based economy and growth prospects is over and the real test is that the companies have to perform given the opportunities, then the markets. So is US………
The markets are fighting for their survival as the Bull Run took a beating at the bourses. The markets will take considerable time to resume their upward move. (Pls.read my earlier write ups.---the range suggested at 5250-6290 but the high touched at 6347). The game plans of the operators are very clear that they took the Sub-prime issue for more than 6-months so that the retail investors forget. I warned that the sub-prime issue is much bigger than what they pronouncing.
Now the long period of consolidation is good opportunity to traders as they can get in and get out at every 12-15% rise and fall. The earnings will be good to the Indian industry as the consumer demand and the economic growth continue to flourish. The markets likely to test the bottom at 5192-5226 at the worst scenario but this will happen only if the Nifty fails to cross 5935 before the end of Jan-FO series.
The markets likely to get support at 5670 level as first support and if trades below that level then the support at 5445-15 level at the October-07 level. So long the Reliance stays above 2630-50 level, ICICI stays above 1135-29 level and the ONDC stays above 1090-1110, SBI stays above 2020 and the Bharti stays above 810 level the markets enjoy the bulls support. This correction is a measure to MFs & FIIs to save themselves from the Mid-cap trap happened at 2005.
The Stock Specific Action, Visit: http://www.intradaystockcalls.blogspot.com/
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
I request you to think carefully all the events that made the Bull run and the happenings that caused the burst.
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