As
I have mentioned in my twitter postings,(@BNRSTOCKS), the Nifty could crawl
from a low of 8198 on 31 October to a high of 8627 on 4th of
December took nearly 23 trading days, whereas BEARs could pressurize the bulls
to unwind their positions so fast that the low of 8216 came in just 6 trading
days. The fall is definitely entice the fence siting investors to jump in to
enter the equities and definitely a good opportunity, either. The run-up made
so far will keep the Bulls to check whether they are in a rush to make a fresh “All-time
HIGHs”.
As
we see the trends, this fall is mainly due to the Cyclical & commodity stocks
fall due to lack of consumer demand and low infrastructure progress. The stocks
holding head above the troubled waters are motors and ancillary stocks. The good
results of Pharma coupled with weak Rupee keeping them stay above their monthly
gains. The Nifty may not cross 8450 level in a hurry but the broad range will
be 7850-8500 in months to come, at least till Budget. The huge fall in
Reliance, ONGC, GAIL, BPCL, NMDC,SSLT are good trading bets for HNIs for quick money.
The
bank Nifty which is relatively very strong may see some unwinding in days to
come as the credit off-take is contracting, will see 17300-17100 level, from
where it will definitely cross the resistance at 18480-520 resistance to make
new highs, as the RATE-CUT, now is immense pressure building on RBI.
The
best stocks to hold like YES, ICICI, Canara Bank, Bank of India, SKS and Relcapital,
in banking & Financials space. The steel segment will offer good returns in
long-term as the promise is un-folding for huge infra-structure building and
SMART CITIES.
Safe
and secure Investments can be made with more confidence in counters like SCI,
NALCO and India cements. Though the trouble are there to these counters but
they are opportunities for long-term investors.
The
Baltic freight index which moved from 720 level to 1450 from July to November,
fell again to 850 levels during this week forced companies like Shipping Corporation
shed 15% in value.
Though
“No Proofs” Available-“The Fall of Crude Oil”- Very geopolitical issues, “under
the carpet moves” made to cripple the Russia’s economy on all fronts, with a
simple move a steep fall of Oil price & Russian Ruble fell against all
currencies. The efforts to de-stabilize the sovereigns is a conglomerated
action at very high level. Russia earlier banned the food products from EU,
pushed to corner, now a simple retaliation. Rest everything is self-explanatory….
It
is very difficult to understand and expect even local moves….like…
One
day a news came that Govt of India is likely to ban the sale of LOOSE
CIGARETTES, the result ---ITC fell more than 5%, from 376 to 348 level, on the
very next day Govt. made a U-turn, changed the proposed decision, all those who
made SHORTS got trapped, now ITC ruling at 395-400 range, a simple 15% rise.
Now technically, even if ITC fell back to 300 doesn’t make much difference, the
yearly HIGH-LOW, 400.3-310.35……who can explain why and who made these PROPOSED
DECISIONS AND U-TURN ON THE NEXT DAY…ANY EXPLANATION FROM ANY-BODY…!!!!!!
....SOME
CAN GIVE RATIONALE/EXPLANATIONS…BUT IT IS ALWAYS….RETAIL INVESTORS..LOSE THE
MOST…..!!!!! NO EXPLANATION WHY..????
But
again (Un-fortunately), we go by the technical charts and balance sheets to
determine the price movements,….Rest everything is self-explanatory……………..
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