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.
Sunday, August 10, 2008
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.
Tuesday, August 05, 2008
The support levels & progress:
The Nifty could comfortably cross the initial hurdles with out much pain while the other Asian markets are heading south words. The contrary move will help the Bulls
Due to the short covering orders automatically push the indices but the gut feeling to face the Bear onslaught at the opening is the determined effort displayed by Bulls.
The Nifty is now in over bought position and the support levels are close to their closing prices are not a good sign while moving up. The Nifty positive development that happened is that the Nifty advanced with support levels at every 50 points down the closing.
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 sole drawback in the whole episode of advancement is the RIL, not able to participate whole heartedly. The RIL is weak below 2250 and good above 2285, will become stronger incase it crosses the resistance at 2350 level, so will be the Nifty. The RPL is also struggling to cross 174-175 resistance but the console is trading above 167-166 level.
The markets will become weak when RPL trades below 166, RIL trades below 2150, Bharti trades below 793 and the best out performers-SBI below 1430 and Relcap below 1293-1296 level.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Due to the short covering orders automatically push the indices but the gut feeling to face the Bear onslaught at the opening is the determined effort displayed by Bulls.
The Nifty is now in over bought position and the support levels are close to their closing prices are not a good sign while moving up. The Nifty positive development that happened is that the Nifty advanced with support levels at every 50 points down the closing.
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 sole drawback in the whole episode of advancement is the RIL, not able to participate whole heartedly. The RIL is weak below 2250 and good above 2285, will become stronger incase it crosses the resistance at 2350 level, so will be the Nifty. The RPL is also struggling to cross 174-175 resistance but the console is trading above 167-166 level.
The markets will become weak when RPL trades below 166, RIL trades below 2150, Bharti trades below 793 and the best out performers-SBI below 1430 and Relcap below 1293-1296 level.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The falling crude props….
The falling crude prices and like-hood of further correction is helping the emerging markets to save some money at this account. The emerging markets leader, India has great future it could save energy and generate at a better bargaining price can compete with the developed nations.
The sudden fall of crude from the 125-126 level to below 120 levels is a positive sign that propelled our markets even though the opening was flat to negative on the negative cues from US.
The MARKET pulse check by STOCKOMETER:
The NIFTY has first support at 4358-61 level, the low was at 4376, and continuously inching up day after day is a clear bullish signal.
In the morning my view on Nifty was proved wrong beyond doubt and markets added 100 points to it tally. The up move in the steel sector may take a pause and took some pause but the banking may correct a bit more as the weakness in ICICI & Kotak took the lead, I failed to understand bank stocks as my view was negative.
The previous write ups discussed in...The action for big action…..……………..The Bearish out look will remain at least for two quarters for sure. The crude has to trade below 120 dollars and the resultant ease of inflation will give positive signals to RBI to relax the money tightening policies. The cumulative effect can be seen in the indices with confidence in the investor community, then the Nifty will trade above 4500 level and the foreign money will chase our stocks.
No problem correction…?…..24-07-08…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 sudden fall of crude from the 125-126 level to below 120 levels is a positive sign that propelled our markets even though the opening was flat to negative on the negative cues from US.
The MARKET pulse check by STOCKOMETER:
The NIFTY has first support at 4358-61 level, the low was at 4376, and continuously inching up day after day is a clear bullish signal.
In the morning my view on Nifty was proved wrong beyond doubt and markets added 100 points to it tally. The up move in the steel sector may take a pause and took some pause but the banking may correct a bit more as the weakness in ICICI & Kotak took the lead, I failed to understand bank stocks as my view was negative.
The previous write ups discussed in...The action for big action…..……………..The Bearish out look will remain at least for two quarters for sure. The crude has to trade below 120 dollars and the resultant ease of inflation will give positive signals to RBI to relax the money tightening policies. The cumulative effect can be seen in the indices with confidence in the investor community, then the Nifty will trade above 4500 level and the foreign money will chase our stocks.
No problem correction…?…..24-07-08…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 global cues are weak….
The US closed in red and the spill over sentiment dragging the Asian Indices in to red. The Japan’s Nikkie is a sole exception; the other major indices are trading lower by 1.5-2%. The SGX is lower by 20 points.
The undertone is bullish and there is no doubt about it but the continues up move even the rest of the world is fall is a clear signal of bullishness but cannot be assured for a longer period as we are inter woven with the world economy. The sole supporting cue is the crude trading at $120 and likely to trade below that support level in coming days.
The Nifty support level are same as given yesterday, the second support may breach but could close above that.
The up move in the steel sector may take a pause but the banking may correct a bit more as the weakness in ICICI & Kotak took the lead.
For Stock Specific Action, Visit: www.intradaystockcalls.blogspot.com
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The undertone is bullish and there is no doubt about it but the continues up move even the rest of the world is fall is a clear signal of bullishness but cannot be assured for a longer period as we are inter woven with the world economy. The sole supporting cue is the crude trading at $120 and likely to trade below that support level in coming days.
The Nifty support level are same as given yesterday, the second support may breach but could close above that.
The up move in the steel sector may take a pause but the banking may correct a bit more as the weakness in ICICI & Kotak took the lead.
For Stock Specific Action, Visit: www.intradaystockcalls.blogspot.com
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Monday, August 04, 2008
The consolidation in volatile move……..
The Nifty moved in a narrow margin with volatility wiping the traders on both sides but the investors gained as many stocks made stellar moves, especially the Essar oil gaining more than 16%. The Nifty took the much needed support but could not cross the resistance at 4445-40 level is a big concern for tomorrow.
The MARKET pulse check by STOCKOMETER: The NIFTY has immediate support at 4358-61 level, the low registered at 4362.90.
As suggested in the stock specific action: The RIL is strong so long it trades above 2250 and will become weak if it trades below 2230 level.
The beaten down RCOM may put its neck out above the trouble if it could trade above 455 level and will be weak below 439. It was traded in very narrow band.
The RPL could cut the resistance at 169 on Friday but the major resistance at 174-175 level, for today it will be weak below 166. The RPL high at 175.1 and low at 167.40 .
The DLF and Unitech may find buyers if they can form foreign alliances for 3G. The DLF is good above 503 and weak below 493. The DLF high at 524.1 and low at 501. The Unitech is good above 173 and weak below 166-65 level. The Unitech high at 175.0 and low at 167.00. The JP good above 166 and weak below 163. The JP high at 171.90 and low was registered at 152.15 but did not trade below 166 level.
The SBI has support above 1445-50 level, The high at 1547.0 and low at 1479.00. Relcap is good above 1293-96 level. The high touched at 1373.0 and low at 1310.00
For Stock Specific Action, Visit: www.intradaystockcalls.blogspot.com
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The MARKET pulse check by STOCKOMETER: The NIFTY has immediate support at 4358-61 level, the low registered at 4362.90.
As suggested in the stock specific action: The RIL is strong so long it trades above 2250 and will become weak if it trades below 2230 level.
The beaten down RCOM may put its neck out above the trouble if it could trade above 455 level and will be weak below 439. It was traded in very narrow band.
The RPL could cut the resistance at 169 on Friday but the major resistance at 174-175 level, for today it will be weak below 166. The RPL high at 175.1 and low at 167.40 .
The DLF and Unitech may find buyers if they can form foreign alliances for 3G. The DLF is good above 503 and weak below 493. The DLF high at 524.1 and low at 501. The Unitech is good above 173 and weak below 166-65 level. The Unitech high at 175.0 and low at 167.00. The JP good above 166 and weak below 163. The JP high at 171.90 and low was registered at 152.15 but did not trade below 166 level.
The SBI has support above 1445-50 level, The high at 1547.0 and low at 1479.00. Relcap is good above 1293-96 level. The high touched at 1373.0 and low at 1310.00
For Stock Specific Action, Visit: www.intradaystockcalls.blogspot.com
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The fall may emerge…….
The Asian markets are trading lower by nearly 1.5-2% with negative cues from the last two trading days from US. The SGX (Singapore Nifty) is right now trading at 40 points down below 4400.
The NIFTY has immediate support at 4358-61 level and the second support at the 4306-4311. We could avoid the Friday fall and positively closed with the support from the India specific approvals from IAEA. Today it may not be the same and may loose the 80 points gain made on Friday and any close above 4335 is favourable to Bulls for the following sessions. The ONGC may correct incase it fails to trade above 1000 level and RIL fails to trade above 2270 then the markets become weak.
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 has immediate support at 4358-61 level and the second support at the 4306-4311. We could avoid the Friday fall and positively closed with the support from the India specific approvals from IAEA. Today it may not be the same and may loose the 80 points gain made on Friday and any close above 4335 is favourable to Bulls for the following sessions. The ONGC may correct incase it fails to trade above 1000 level and RIL fails to trade above 2270 then the markets become weak.
For Stock Specific Action, Visit: www.intradaystockcalls.blogspot.com
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Sunday, August 03, 2008
The Opportunities & Challenges
There are few stocks already out performed the market by many points. The Nifty closed on May 30th at 4850 opening day of the June series and the Aug- series opened with a closing at 4433 with a net loss of 417 points.
The beauty is that many scrips in the F&O segment out performed the Nifty. The BankNifty was lower by 567 points but the notable banks like Bank of Baroda in May closed at 265 and on Friday closed at 276, BHEL was in May at 1663 and on Friday closed at 1770, ONGC in May at 864 and on Friday closed at 1005 out performing by Rs140/-.The State Bank of India in May at 1448 and on Friday closed at 1486.The Renuka sugars was at 113 and at 135. The Union Bank in May at 134 and on Friday closed at 138. One of the under performers is Siemens turned out to be a successful out performer by Rs19/-. In the pharma sector Cipla, Lupin and Sun made their mark. The sole out performer in the auto sector is Hero Honda by Rs 44/-.
The worst performers are Aban lost Rs 1484/- in two months, ABB lost Rs 219/-, Adlabs lost by more than Rs 90/-, Axis bank lost nearly Rs 109/-, Bharti lost Rs 50+/-, Biocon lost by Rs 79/-, Corp Bank lost Rs 71/-, Grasim lost Rs 377/-, HDFC lost Rs 138/- where as HDFC Bank lost by Rs 210/-, ICICI bank lost by Rs 139/-, IDFC by Rs 49/-, MARUTI lost nearly Rs 200/-, RCOM by 137/-, Reliance by nearly Rs 93/-, Rpower by Rs 60/-, Infosys by Rs290/-, Satyam by Rs133/-, TCS lost Rs 171/- Wipro lost Rs 66/- Tata Power lost Rs 244/-, Tata Steel lost Rs 218/- DLF lost Rs 73/-, Unitech lost Rs 63/-HDIL lost Rs 265/, JP Associates lost Rs 43/-, Ster lost Rs 287/- Hindalco lost Rs 51/-and Zee lost more than Rs 25/-.
The whole effort is to highlight the sectors out performing and the possible journey that the front line stocks can make while Nifty heading towards 4800 level.
The beauty is that many scrips in the F&O segment out performed the Nifty. The BankNifty was lower by 567 points but the notable banks like Bank of Baroda in May closed at 265 and on Friday closed at 276, BHEL was in May at 1663 and on Friday closed at 1770, ONGC in May at 864 and on Friday closed at 1005 out performing by Rs140/-.The State Bank of India in May at 1448 and on Friday closed at 1486.The Renuka sugars was at 113 and at 135. The Union Bank in May at 134 and on Friday closed at 138. One of the under performers is Siemens turned out to be a successful out performer by Rs19/-. In the pharma sector Cipla, Lupin and Sun made their mark. The sole out performer in the auto sector is Hero Honda by Rs 44/-.
The worst performers are Aban lost Rs 1484/- in two months, ABB lost Rs 219/-, Adlabs lost by more than Rs 90/-, Axis bank lost nearly Rs 109/-, Bharti lost Rs 50+/-, Biocon lost by Rs 79/-, Corp Bank lost Rs 71/-, Grasim lost Rs 377/-, HDFC lost Rs 138/- where as HDFC Bank lost by Rs 210/-, ICICI bank lost by Rs 139/-, IDFC by Rs 49/-, MARUTI lost nearly Rs 200/-, RCOM by 137/-, Reliance by nearly Rs 93/-, Rpower by Rs 60/-, Infosys by Rs290/-, Satyam by Rs133/-, TCS lost Rs 171/- Wipro lost Rs 66/- Tata Power lost Rs 244/-, Tata Steel lost Rs 218/- DLF lost Rs 73/-, Unitech lost Rs 63/-HDIL lost Rs 265/, JP Associates lost Rs 43/-, Ster lost Rs 287/- Hindalco lost Rs 51/-and Zee lost more than Rs 25/-.
The whole effort is to highlight the sectors out performing and the possible journey that the front line stocks can make while Nifty heading towards 4800 level.
II -The DEEP POCKETS love the fall…..
The market experts claim that we are in Bull market correction when the indices are falling fast enough to erode the bottom supports and again advocate that we are in bear phase, the rallies that took place are short lived and the rise is due to short coverings.
The fundamentals of the economy and more of the company are the two important factors/elements on which the managers build their portfolios. The retail investor mostly goes by tips, known person suggestions. The retail investor with “meager savings invested” gets confused where to exit and where to enter. The real problem with the retail investors is that the investments made in stock market are not in the nature of systematic investment but in one go due to limited availability of the source. In case if it happens in the bull run then the capital appreciation rate of growth lures a lot, forces for a leveraged positions that normally happens at the peak of the Bull run. We all as market participants know what happens to a leveraged position running with hope against the market trend.
The retail investor by chance gets the opportunity to exit at the peak and could wait for some time but the bounce back rallies at the first leg it self attract the total spared money for reinvestment and make hopeless in distress as the fall will be steep and looks for a solace by self-deception, relies on the news that the markets are in bull phase and the correction is only for the good.
These un-written guaranteed assurances keeps in position, makes a long waiting and that waiting goes in to the bear phase recommendation. The so called smart retail investors most of times go for a falling averages, just to reduce the cost with volume accelerate the B.P. and goes with empty hands.
If we consider the business cycles are existing since time immemorial and they consolidate there after for some time before a fresh lease of life is infused to reach the next step, like that it is also common to the stock markets. The markets get their peak and fall to a level from where it will difficult to fall further could be considered as bottom.
The managers are left with enough money to re-invest incase they go wrong at the price front. Those poor investors who wait all along the gloomy period again get trapped in these kind of suggestions that the up move rallies are short lived and they are, then the retail investor gets out of position with a (false) confidence, walks out of the street with a great feeling, a relief from the burden some pain carried all along the way. The retail investor takes this painful decision and goes bust by booking the loss with one or the other pretext where as the HNIs, deep pockets keep their nets wide open for a big catch.
The stock markets are such places that though no body has grudge or vengeance on the other person but during the process of making money by win over the other person(s), use of all available techniques on the earth. The rule is so simple like the underworld- If you do not kill, you will be killed.
The theories and the happenings on the face of it ratify those recommendations of the experts. There is no doubt that the time-line for any Bull or the Bear phase cannot be drawn by any person. So the experts get the advantage and can easily say that how can any body come to a conclusion at the very beginning?.
The retail investors need to ask a simple question when the proven legends of our history like Warren Buffett made millions by following long-term value investing, why we are caught up in loosing money?. The answer could be one among many- “Never invest on tips, the money you cannot wait till the targeted price is achieved”.
The fact is that- All the short lived rallies that took place in the “pessimistic view” about the markets are the foundations to the up coming Bull phase rallies.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The fundamentals of the economy and more of the company are the two important factors/elements on which the managers build their portfolios. The retail investor mostly goes by tips, known person suggestions. The retail investor with “meager savings invested” gets confused where to exit and where to enter. The real problem with the retail investors is that the investments made in stock market are not in the nature of systematic investment but in one go due to limited availability of the source. In case if it happens in the bull run then the capital appreciation rate of growth lures a lot, forces for a leveraged positions that normally happens at the peak of the Bull run. We all as market participants know what happens to a leveraged position running with hope against the market trend.
The retail investor by chance gets the opportunity to exit at the peak and could wait for some time but the bounce back rallies at the first leg it self attract the total spared money for reinvestment and make hopeless in distress as the fall will be steep and looks for a solace by self-deception, relies on the news that the markets are in bull phase and the correction is only for the good.
These un-written guaranteed assurances keeps in position, makes a long waiting and that waiting goes in to the bear phase recommendation. The so called smart retail investors most of times go for a falling averages, just to reduce the cost with volume accelerate the B.P. and goes with empty hands.
If we consider the business cycles are existing since time immemorial and they consolidate there after for some time before a fresh lease of life is infused to reach the next step, like that it is also common to the stock markets. The markets get their peak and fall to a level from where it will difficult to fall further could be considered as bottom.
The managers are left with enough money to re-invest incase they go wrong at the price front. Those poor investors who wait all along the gloomy period again get trapped in these kind of suggestions that the up move rallies are short lived and they are, then the retail investor gets out of position with a (false) confidence, walks out of the street with a great feeling, a relief from the burden some pain carried all along the way. The retail investor takes this painful decision and goes bust by booking the loss with one or the other pretext where as the HNIs, deep pockets keep their nets wide open for a big catch.
The stock markets are such places that though no body has grudge or vengeance on the other person but during the process of making money by win over the other person(s), use of all available techniques on the earth. The rule is so simple like the underworld- If you do not kill, you will be killed.
The theories and the happenings on the face of it ratify those recommendations of the experts. There is no doubt that the time-line for any Bull or the Bear phase cannot be drawn by any person. So the experts get the advantage and can easily say that how can any body come to a conclusion at the very beginning?.
The retail investors need to ask a simple question when the proven legends of our history like Warren Buffett made millions by following long-term value investing, why we are caught up in loosing money?. The answer could be one among many- “Never invest on tips, the money you cannot wait till the targeted price is achieved”.
The fact is that- All the short lived rallies that took place in the “pessimistic view” about the markets are the foundations to the up coming Bull phase rallies.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Ahead of Nifty…..
The Nifty has recovered from the lows of the day with a negative opening to a bumper buying placed the Nifty to close at its day’s high. The Nifty took the advantage of both the short covering, coupled with buying made buy the smart money in a quiet manner that was against to the global movements of the day there by surprising many.
The positive news that pulled up the indices was on the news that the IAEA has agreed in principle to the draft recommendations and conditions proposed by INDIA. The specific news worth of more than 1 lakh crores lured the well informed HNIs and the fund managers to grab the opportunity. The 3G spectrum guidelines and the proposed number portability also added fuel to the fire. The rise is not the question at this point in time but the sustainability of the up move.
The Nifty could place itself comfortably trade above 4100 which is the major support for all practical purposes in the short term. The short-term support exists for Monday at above 4350 level and the second one at 4320 level but fall in any case arises shall be used for buying and the Nifty could touch & cross 4685 level in the very near term. The earlier suggested bottom supports valid as there was no violation.
The concern in tightening of money supply in the system is not seriously viewed by the industry but the cost of getting those funds could adversely impact the growth plans especially the reality, infra and the automobile sectors.
In my earlier write up tilted: The Asian meltdown….. mentioned about Bharti and today “The Business Line” covered a detailed scrip analysis in “Investment Focus”.
The telecom stocks will rise as the 3G auction is all set to take place in a month or two and Bharti is good for del. above 750 levels, but for today it is very likely that it will be available at 703-06 or even below that support level. On 15-07-08, Bharti low was at 695 and closed at 710.)
The positive news that pulled up the indices was on the news that the IAEA has agreed in principle to the draft recommendations and conditions proposed by INDIA. The specific news worth of more than 1 lakh crores lured the well informed HNIs and the fund managers to grab the opportunity. The 3G spectrum guidelines and the proposed number portability also added fuel to the fire. The rise is not the question at this point in time but the sustainability of the up move.
The Nifty could place itself comfortably trade above 4100 which is the major support for all practical purposes in the short term. The short-term support exists for Monday at above 4350 level and the second one at 4320 level but fall in any case arises shall be used for buying and the Nifty could touch & cross 4685 level in the very near term. The earlier suggested bottom supports valid as there was no violation.
The concern in tightening of money supply in the system is not seriously viewed by the industry but the cost of getting those funds could adversely impact the growth plans especially the reality, infra and the automobile sectors.
In my earlier write up tilted: The Asian meltdown….. mentioned about Bharti and today “The Business Line” covered a detailed scrip analysis in “Investment Focus”.
The telecom stocks will rise as the 3G auction is all set to take place in a month or two and Bharti is good for del. above 750 levels, but for today it is very likely that it will be available at 703-06 or even below that support level. On 15-07-08, Bharti low was at 695 and closed at 710.)
Friday, August 01, 2008
August Series begins.......
The August series likely to open with a gap down below 4300 level, and may face selling pressure till 4200 level. The results of RCOM below the street expectations but may hold with a view of big opportunity arising out of the 3G auction and the roll out of GSM services. The RCOM is good above 506-09 and will see selling pressure below 593.
The reality sector giant DLF published good results but the liquidity tightening measures taken by RBI will have cascading effect on this sector as a whole, DLF will be no exception. The DLF is good above 503-501 and will become 475 level.
The Indian private sector steel major Tata steel displayed reasonably good results on standalone basis and the consolidated results with Corus can be stellar but the Govt. forcing the industry to maintain the price line in spite of mounting in put costs. The Tata steel made a journey from a low of 578 to 662 in three days but it is strong above 651-49 level and will become weak below 625-21 level.
There was not much change in the support and resistance levels either for Nifty and the stocks. The Nifty will see a good run-up once it trades above 4390 level and the high shall cross 4400-4411 level.
The reality sector giant DLF published good results but the liquidity tightening measures taken by RBI will have cascading effect on this sector as a whole, DLF will be no exception. The DLF is good above 503-501 and will become 475 level.
The Indian private sector steel major Tata steel displayed reasonably good results on standalone basis and the consolidated results with Corus can be stellar but the Govt. forcing the industry to maintain the price line in spite of mounting in put costs. The Tata steel made a journey from a low of 578 to 662 in three days but it is strong above 651-49 level and will become weak below 625-21 level.
There was not much change in the support and resistance levels either for Nifty and the stocks. The Nifty will see a good run-up once it trades above 4390 level and the high shall cross 4400-4411 level.
Thursday, July 31, 2008
The positive close and beyond...……
The markets are strong above 4262-65 level and maintained the level throughout the day and closed at 4332 level well above the basic support levels suggested in the earlier write-ups. The inflation for the 19 July was at 11.98% Vs 11.89% over the previous week. The analysts are happy over the number at the rate growth was a bit moderate and the measures taken by the RBI and the Govt. are working. The coming series may see the lowered crude price impact on the markets and the Govt. policy decisions on the liberalization & disinvestment process.
The banks are increasing their PLR and the interest rates, likely to cost the expansion plans of many industries, the infra structure projects draw money on time to time to meet the demand may see the cost escalation. The Sugar mills take advances against their stocks in the godowns, this will erode their profitability in the coming quartes.
The STOCK-MARKET pulse check by STOCKOMETER: I failed to understand the importance of the series closing as the writing of “Puts and Calls” has much more to say while ending the series. The Relcap, ITC and the GMR Infra stood against the suggestion, though weak but maintained positive for this day.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The banks are increasing their PLR and the interest rates, likely to cost the expansion plans of many industries, the infra structure projects draw money on time to time to meet the demand may see the cost escalation. The Sugar mills take advances against their stocks in the godowns, this will erode their profitability in the coming quartes.
The STOCK-MARKET pulse check by STOCKOMETER: I failed to understand the importance of the series closing as the writing of “Puts and Calls” has much more to say while ending the series. The Relcap, ITC and the GMR Infra stood against the suggestion, though weak but maintained positive for this day.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The July ends…..
The markets are likely to face the expiry ending and the volatility is any inter linked. The info tech stocks fared well. The results of the stocks those published in evening will get the market’s “Judgment”. The results of RCOM, Tata Steel and Aptech and BEML will announce their quarterly results. The 3G policy will be anounced tomorrow will have its effect on the telecom stocks.
The average to poor results of Relcap, Power grid, ITC, GMR Infra and the reality sector stocks may face the heat of the markets. The Relcap will become weak in case it fails to cross the high of 1328-31 levels and weak below 1295 level.
The ITC has support above 186-87 level. Incase it fails to trade above that level then the south ward journey can stop at 173-171 level.
The Power grid and the GMR may loose 4-5%, GMR is weak below 87 and good above 89.6.
In the July series the CNXIT lost 400 points. The Major looser are Aban Rs 603/-, JSW steel Rs 279/-, Financial tech Rs 196/-, Grasim by Rs 185/-, Infosys by Rs 180/-, Wipro by Rs 59/-, Satyam by Rs 77/-, Ster Rs 96/-, Maruti by Rs 86/-, Tata Steel by Rs 124/-, BEML by Rs 106/-, ABB by Rs 128/- and Reliance by 71/-.
The Major gainers are: Relcap Rs 305/-, LT by Rs 241/-, BHEL by Rs 235/-, jindal steel &power by Rs 185/-, Educom by Rs 172/-, SBI by Rs 157/-, ONGC by Rs 124/-, Sun by Rs 96/-, Siemens by Rs 92/-, and Nalco by Rs 69/-.
The Best performers:
STERLINBIO=193=60.2=28.31
RELCAPITAL=985=305=24.77
RNRL=75.5=24.7=23.91
BONGAIREFN=50.4=14.3=23.83
STAR=146=35.4=21.47
POLARIS=80.7=18.5=18.19
BPCL=270=61.6=17.24
CUMMINSIND=235=48.3=16.79
SIEMENS=437=91.5=16.28
MTNL=92.2=15.2=16.08
RENUKA=109=17.7=15.55
PURVA=169=33.8=15.04
INDIAINFO=549=109=15
IOC=352=61.6=14.73
BHEL=1437=235=14.72
POWERGRID=83.8=15=14.68
ONGC=872=124=14.54
TRIVENI=76.9=15.7=14.25
PFC=111=18.9=14.06
GDL=75.7=13.2=13.27
NATIONALUM=371=68.9=12.82
ANSALINFRA=78.7=17.2=12.72
PUNJLLOYD=234=37.9=12.21
The Worst Performers:
CAIRN 272 -36.1 -12.5
OMAXE 142 -26.1 -12.6
NIITTECH 131 -18.4 -12.8
TATAMOTORS 488 -75.1 -12.9
ABB 922 -128 -12.9
NIITLTD 102 -13.8 -13
CMC 593 -106 -13.7
NUCLEUS 215 -36.6 -13.8
TATASTEEL 757 -124 -13.8
IRB 168 -25.4 -13.9
SATYAMCOMP 458 -77.1 -14.7
AMTEKAUTO 250 -44.3 -15.2
EDELWEISS 702 -111 -15.4
ABAN 3126 -630 -15.4
STRTECH 208 -32.9 -15.9
NAUKRI 1020 -167 -16.8
RAJESHEXPO 68.9 -16 -18.2
IDFC 121 -29 -19.7
GTOFFSHORE 561 -146 -20.5
SKUMARSYNF 97.5 -24 -21
HCLTECH 275 -71.1 -23
JSWSTEEL 1033 -279 -24.2
SUNTV 315 -79.8 -24.3
MOSERBAER 141 -44 -24.5
The average to poor results of Relcap, Power grid, ITC, GMR Infra and the reality sector stocks may face the heat of the markets. The Relcap will become weak in case it fails to cross the high of 1328-31 levels and weak below 1295 level.
The ITC has support above 186-87 level. Incase it fails to trade above that level then the south ward journey can stop at 173-171 level.
The Power grid and the GMR may loose 4-5%, GMR is weak below 87 and good above 89.6.
In the July series the CNXIT lost 400 points. The Major looser are Aban Rs 603/-, JSW steel Rs 279/-, Financial tech Rs 196/-, Grasim by Rs 185/-, Infosys by Rs 180/-, Wipro by Rs 59/-, Satyam by Rs 77/-, Ster Rs 96/-, Maruti by Rs 86/-, Tata Steel by Rs 124/-, BEML by Rs 106/-, ABB by Rs 128/- and Reliance by 71/-.
The Major gainers are: Relcap Rs 305/-, LT by Rs 241/-, BHEL by Rs 235/-, jindal steel &power by Rs 185/-, Educom by Rs 172/-, SBI by Rs 157/-, ONGC by Rs 124/-, Sun by Rs 96/-, Siemens by Rs 92/-, and Nalco by Rs 69/-.
The Best performers:
STERLINBIO=193=60.2=28.31
RELCAPITAL=985=305=24.77
RNRL=75.5=24.7=23.91
BONGAIREFN=50.4=14.3=23.83
STAR=146=35.4=21.47
POLARIS=80.7=18.5=18.19
BPCL=270=61.6=17.24
CUMMINSIND=235=48.3=16.79
SIEMENS=437=91.5=16.28
MTNL=92.2=15.2=16.08
RENUKA=109=17.7=15.55
PURVA=169=33.8=15.04
INDIAINFO=549=109=15
IOC=352=61.6=14.73
BHEL=1437=235=14.72
POWERGRID=83.8=15=14.68
ONGC=872=124=14.54
TRIVENI=76.9=15.7=14.25
PFC=111=18.9=14.06
GDL=75.7=13.2=13.27
NATIONALUM=371=68.9=12.82
ANSALINFRA=78.7=17.2=12.72
PUNJLLOYD=234=37.9=12.21
The Worst Performers:
CAIRN 272 -36.1 -12.5
OMAXE 142 -26.1 -12.6
NIITTECH 131 -18.4 -12.8
TATAMOTORS 488 -75.1 -12.9
ABB 922 -128 -12.9
NIITLTD 102 -13.8 -13
CMC 593 -106 -13.7
NUCLEUS 215 -36.6 -13.8
TATASTEEL 757 -124 -13.8
IRB 168 -25.4 -13.9
SATYAMCOMP 458 -77.1 -14.7
AMTEKAUTO 250 -44.3 -15.2
EDELWEISS 702 -111 -15.4
ABAN 3126 -630 -15.4
STRTECH 208 -32.9 -15.9
NAUKRI 1020 -167 -16.8
RAJESHEXPO 68.9 -16 -18.2
IDFC 121 -29 -19.7
GTOFFSHORE 561 -146 -20.5
SKUMARSYNF 97.5 -24 -21
HCLTECH 275 -71.1 -23
JSWSTEEL 1033 -279 -24.2
SUNTV 315 -79.8 -24.3
MOSERBAER 141 -44 -24.5
Wednesday, July 30, 2008
The vengeance by bulls….
Yesterday’s jolt was equally retaliated by the bulls, could push the Nifty to the original level from where it took the slide. The expiry of the July series (started at 4315 and today’s closing was at 4313) and the roll over to the August could take the Nifty to the desired levels with the positive global cues and the cooling of the crude. The Nifty could maintain the levels from where it has started the July series at in spite of the sharp sell off from the beginning of the series due to inflation and global concerns. The tamed inflation curve and the economic outlook are stable and earnings are encouraging, so the Nifty is likely to advance in August series.
The HDFC moved up by 7.8%, Rel Infra by 6.8%, Tata power by 7%, Tata steel by 7.8% and the Tata communications by 9.4% where as Zeel and NTPC lost more than 4.5%.
The market pulse check by STOCKOMETER: As suggested in the morning in the Stock Specific Action: Infra stocks gave mixed results, LT is good above 2620 and the high touched is 2625 but the Rel Infra is good above 920, likely to touch and trade above 960 – the high touched 979, Punj Lloyd is good above 250 and closed at 271.6.
The Reliance is strong above 2115 and the high touched at 2174. The ONGC traded in between the suggested levels. The RCOM will be good above 501-498 and touched a high of 512.
The banking stocks found good number of buyers.
The DLF is weak below 473 and good above 481, resistance at 495 level and the stock touched a high of 497.
The Tata steel is good above 591, made a stellar performance at the bourses and touched a high of 635 level.
For Stock Specific Action, Visit: http://www.intradaystockcalls.blogspot.com/
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The HDFC moved up by 7.8%, Rel Infra by 6.8%, Tata power by 7%, Tata steel by 7.8% and the Tata communications by 9.4% where as Zeel and NTPC lost more than 4.5%.
The market pulse check by STOCKOMETER: As suggested in the morning in the Stock Specific Action: Infra stocks gave mixed results, LT is good above 2620 and the high touched is 2625 but the Rel Infra is good above 920, likely to touch and trade above 960 – the high touched 979, Punj Lloyd is good above 250 and closed at 271.6.
The Reliance is strong above 2115 and the high touched at 2174. The ONGC traded in between the suggested levels. The RCOM will be good above 501-498 and touched a high of 512.
The banking stocks found good number of buyers.
The DLF is weak below 473 and good above 481, resistance at 495 level and the stock touched a high of 497.
The Tata steel is good above 591, made a stellar performance at the bourses and touched a high of 635 level.
For Stock Specific Action, Visit: http://www.intradaystockcalls.blogspot.com/
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The US markets make over...
The steep fall in crude lifted the spirits of US markets and the spill over of the green spread to the Asian markets likely to positively impact our markets today. The beauty in strong economy markets is that they recover even they fall one or the other reason. Where as the emerging markets run-up like a sprint competition when the going is good as well they crumble like the sand houses built at the shore.
The sharp fall from recent highs of 4540 to 4160 level will give a bounce back as expected. In my earlier write up it was mentioned that the markets holds above 4285 from the yesterday lows will confirm the bottom base at 3800. (Dt 28-07-08-The short-term lower side support exists at 4093-4100 level that will give a bouncing support…..)
Now the Nifty is likely to open positively with a gap up above 4211-15 and will cross the resistance at 4265 with ease but the strong resistance at 4285 has to be crossed with confidence. The caution is that the markets are trading ahead of the July expiry. The volatility is likely to be high and it may cause tension to the traders and the investors but the support levels will not be violated as the situation stands at this point in time.
For Stock Specific Action, Visit: www.intradaystockcalls.blogspot.com
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The sharp fall from recent highs of 4540 to 4160 level will give a bounce back as expected. In my earlier write up it was mentioned that the markets holds above 4285 from the yesterday lows will confirm the bottom base at 3800. (Dt 28-07-08-The short-term lower side support exists at 4093-4100 level that will give a bouncing support…..)
Now the Nifty is likely to open positively with a gap up above 4211-15 and will cross the resistance at 4265 with ease but the strong resistance at 4285 has to be crossed with confidence. The caution is that the markets are trading ahead of the July expiry. The volatility is likely to be high and it may cause tension to the traders and the investors but the support levels will not be violated as the situation stands at this point in time.
For Stock Specific Action, Visit: www.intradaystockcalls.blogspot.com
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Tuesday, July 29, 2008
The RBI & Inflation impact….
The RBI has increased the Repo rate by 50 basis points and the CRR by 25 basis points wreck the banking stocks and the global melt down any way forced the indices to open lower. The banks are struggling to maintain the margins are now fixed left with no option but to raise their lending rates, in turn loosing the growth momentum.
The Nifty lost the important bottom support, more than that the confidence in the markets up move. The Nifty though left with steam but the RBI’s rate hike damage was considerably impacted the sentiment. The election year, the populist measures and the vote wooing measures are on the top agenda.
The Nifty was beaten badly and it can be confirmed if it fails to trade above 4260 level. The Nifty gains strength if the low is above 4125 and closes above 4225. The Reliance and ONGC has to come to the rescue.
The market pulse check by STOCKOMETER: As suggested in the Stock Specific Action: The RIL behaved weak below 2150 and the low touched at 2075.
The ONGC stock became weak below 1005 low touched 960.60
The RCOM will be good above 509 but high recorded 506 and weak below 498 it did not touched 498 but the low touched at 485.20.
The SBI has support at 1335-25 levels weak below 1440-45 level but low touched 1306 closed at 1318.65. The Relcap is weak 1320 and the low touched 1208.05 closed at 1219 where the second support was give at 1215-20 level.
The DLF is weak below 493 and the high touched 495 and the low touched 465. In my earlier posts I suggested that it will touch 460 level.
The Tata steel is weak below 608 and the high touched 605, support may come at 571-568 but the low touched at 577.80.
The positive news is developing for Cairn and good above 230 and weak below 218-19 level. It traded above 230 levels for the first two hours and later touched low of 221.45, positively closed at 228.55.
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 lost the important bottom support, more than that the confidence in the markets up move. The Nifty though left with steam but the RBI’s rate hike damage was considerably impacted the sentiment. The election year, the populist measures and the vote wooing measures are on the top agenda.
The Nifty was beaten badly and it can be confirmed if it fails to trade above 4260 level. The Nifty gains strength if the low is above 4125 and closes above 4225. The Reliance and ONGC has to come to the rescue.
The market pulse check by STOCKOMETER: As suggested in the Stock Specific Action: The RIL behaved weak below 2150 and the low touched at 2075.
The ONGC stock became weak below 1005 low touched 960.60
The RCOM will be good above 509 but high recorded 506 and weak below 498 it did not touched 498 but the low touched at 485.20.
The SBI has support at 1335-25 levels weak below 1440-45 level but low touched 1306 closed at 1318.65. The Relcap is weak 1320 and the low touched 1208.05 closed at 1219 where the second support was give at 1215-20 level.
The DLF is weak below 493 and the high touched 495 and the low touched 465. In my earlier posts I suggested that it will touch 460 level.
The Tata steel is weak below 608 and the high touched 605, support may come at 571-568 but the low touched at 577.80.
The positive news is developing for Cairn and good above 230 and weak below 218-19 level. It traded above 230 levels for the first two hours and later touched low of 221.45, positively closed at 228.55.
For Stock Specific Action, Visit: www.intradaystockcalls.blogspot.com
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The fall for consolidation......
The Nifty failed to pierce the 4360 resistance but could hold above 4260 level through out the day. The Nifty has to go without a break to take the momentum into Bulls fold then it has to close above 4415 level in the morning and the low shall not be below 4290 level. This condition will be satisfied only when there is a gap up opening but the overnight US fall and the weak Asian markets dampen the possibility. The RBI credit policy will impact the Banking stock valuations and it it widely rumored that the RBI may increase the REPO rate and leave the CRR unchanged for this time as the growth slowdown has to be taken into consideration.
The Asian markets are trading lower by 2-3%, and the Indian ADR’s are down by 5-8% down. In this bleak scenario the markets are likely to be opened below tha earlier support level at 4260 level and it may touch 4185 the best possible support for this day. The Bull activity developed buoyancy in the markets in the last weak will be negated only when the Nifty trades below 4050 level.
The positive news of the day is that the smaller stocks got the market attention. The commodity stocks like sugar, tea drew the market attention and the small cap stocks in Pharma, software gained more than 10% and some stocks like Polaris gained 23%. The readers might have followed the earlier articles in which I clearly mentioned that the small cap move confirms the bottom building process. These moves encourage the retail investors who in turn will get the heart- filled relief & satisfaction that enlightens the faith in the markets. The small and mid cap up move that has been initiated, will be consolidated in days to come.
For Stock Specific Action, Visit: www.intradaystockcalls.blogspot.com
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The Asian markets are trading lower by 2-3%, and the Indian ADR’s are down by 5-8% down. In this bleak scenario the markets are likely to be opened below tha earlier support level at 4260 level and it may touch 4185 the best possible support for this day. The Bull activity developed buoyancy in the markets in the last weak will be negated only when the Nifty trades below 4050 level.
The positive news of the day is that the smaller stocks got the market attention. The commodity stocks like sugar, tea drew the market attention and the small cap stocks in Pharma, software gained more than 10% and some stocks like Polaris gained 23%. The readers might have followed the earlier articles in which I clearly mentioned that the small cap move confirms the bottom building process. These moves encourage the retail investors who in turn will get the heart- filled relief & satisfaction that enlightens the faith in the markets. The small and mid cap up move that has been initiated, will be consolidated in days to come.
For Stock Specific Action, Visit: www.intradaystockcalls.blogspot.com
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Monday, July 28, 2008
The narrow movement….
The cowardly acts of the terrorists did not shake the confidence of the investors but the markets are cautious a head of the RBI policy meet. The Nifty took the support very close to Friday’s low but failed to trade above 4293. The Nifty failed to trade above 4360 level due to weakness in the momentum is something the bulls needs to think about at this critical juncture.
The market pulse check by STOCKOMETER: The Nifty neither opened low nor it closed at least 30 points down. I failed to read the developments.
The suggestions made in the Stock Specific Action: The RIL has support at 2085 and the low recorded is 2106. The RPL failed to trade above 163 but the high touched is 163.85.
The ICICI could not shed its negative view as the high registered is 669.
The ONGC recorded 1044 but it could not trade above 1020 level but the low recorded at 951.25
The SBI nose dived below 1453-55 level and even touched 1410-11.
The Relcap could not cross the resistance at 1335-1339, the high recorded was 1337.8
The Infy weakly traded below 1550.
The satyam will find buyers above 379-81 but the high recorded at 379.
The Wipro is relative strong and traded in a range of 402-414
The DLF moved in between 493 to 509.
For 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: The Nifty neither opened low nor it closed at least 30 points down. I failed to read the developments.
The suggestions made in the Stock Specific Action: The RIL has support at 2085 and the low recorded is 2106. The RPL failed to trade above 163 but the high touched is 163.85.
The ICICI could not shed its negative view as the high registered is 669.
The ONGC recorded 1044 but it could not trade above 1020 level but the low recorded at 951.25
The SBI nose dived below 1453-55 level and even touched 1410-11.
The Relcap could not cross the resistance at 1335-1339, the high recorded was 1337.8
The Infy weakly traded below 1550.
The satyam will find buyers above 379-81 but the high recorded at 379.
The Wipro is relative strong and traded in a range of 402-414
The DLF moved in between 493 to 509.
For Stock Specific Action, Visit: http://www.intradaystockcalls.blogspot.com/
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The mayhem in metros…
The markets are facing difficulty to advance due to the turbulence in the country caused by the terrorist activities and publicly announcing their targets. The positive Asian markets cues are likely to cushion the steep down fall but I think the markets are likely to open at lower level by at least 30 points gap down. If we consider the past experience is a measure of indicator then the markets are likely to advance but the heavy weights failed to impress the street with their numbers is now a major concern. The ONGC, L&T, Kotak bank, HDFC bank, STER and Sun pharma are going to publish their quarterly numbers.
The ICICI bank failed to provide good results but also warned with a depicted growth slow down picture. On the other hand the banking major SBI has provided a meaningful quarterly performance but the NIM was reduced considerably. The MTM losses are eating the profits even to the biggies like RIL- more than 900 cr., ICICI reported more than 590 cr. where as SBI has reported 1656+ cr.
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: http://www.intradaystockcalls.blogspot.com/
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The ICICI bank failed to provide good results but also warned with a depicted growth slow down picture. On the other hand the banking major SBI has provided a meaningful quarterly performance but the NIM was reduced considerably. The MTM losses are eating the profits even to the biggies like RIL- more than 900 cr., ICICI reported more than 590 cr. where as SBI has reported 1656+ cr.
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: http://www.intradaystockcalls.blogspot.com/
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Sunday, July 27, 2008
The Fund Managers love the FALL...
The deep pocketed HNI’s and the fund managers across the globe “love the fall in the indices”, especially in the emerging markets like INDIA. The stock markets are always living with the scapegoats and vultures; here the early bird always catches the flesh.
The retail investors with their large investment base in quantitative numbers fail to understand the qualitative investment principle. In contrary to these scattered retail investors, the HNI’s and the Fund Managers are very organized and they are cohesive in action with right information dissemination at right time. The research reports, the studies, planning proposals and the govt. decisions will reach them well in advance to garner the opportunity.
The Investment horizon for these category operators are any thing beyond 5-7 years of time frame. So they love the markets go up only when they are tired of buying the quality stocks and then they push up with out providing any resistance at higher level. The retail investors who have limited money and cumulative failures while investing in the downturn fails to recognize the real up move because of the fear of failure and the shortened perspective.
The daily traders and the week to month long averaging experts think that they will gain by averaging at higher level shorting. This way the markets invite lots off shorts but they will be absorbed. The indices go any where but take lots of shorts into the system by providing signals as if they markets are likely to break when they side downwards to invite more shorts.
The markets find few takers (especially the scapegoats) at the higher levels are clear signals of exhaustion. The operators easily understand that the quantity he/she expected go, find no takers is a clear signal to go for shorting. The same situation arises at the bottom as there was no/few sellers is a clear signal for an up move. The real problem/hurdle the retail investor face across the globe is the method in that can help to identify the “Saturation Point”?.
The stock markets are not only with numbers but there are other things that influence those numbers are that matters.
Please think and place your ideas 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 right time”
The retail investors with their large investment base in quantitative numbers fail to understand the qualitative investment principle. In contrary to these scattered retail investors, the HNI’s and the Fund Managers are very organized and they are cohesive in action with right information dissemination at right time. The research reports, the studies, planning proposals and the govt. decisions will reach them well in advance to garner the opportunity.
The Investment horizon for these category operators are any thing beyond 5-7 years of time frame. So they love the markets go up only when they are tired of buying the quality stocks and then they push up with out providing any resistance at higher level. The retail investors who have limited money and cumulative failures while investing in the downturn fails to recognize the real up move because of the fear of failure and the shortened perspective.
The daily traders and the week to month long averaging experts think that they will gain by averaging at higher level shorting. This way the markets invite lots off shorts but they will be absorbed. The indices go any where but take lots of shorts into the system by providing signals as if they markets are likely to break when they side downwards to invite more shorts.
The markets find few takers (especially the scapegoats) at the higher levels are clear signals of exhaustion. The operators easily understand that the quantity he/she expected go, find no takers is a clear signal to go for shorting. The same situation arises at the bottom as there was no/few sellers is a clear signal for an up move. The real problem/hurdle the retail investor face across the globe is the method in that can help to identify the “Saturation Point”?.
The stock markets are not only with numbers but there are other things that influence those numbers are that matters.
Please think and place your ideas 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 right time”
Saturday, July 26, 2008
The looming concern in RIL…..
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.
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.
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.
Saturday, July 19, 2008
The ultimate bargain ….
The markets though exhibited a robust up move and consequent weekly positive close will be challenged in the next two trading sessions due to the fluid political situation in Delhi.The Nifty has immediate support at 4030-4040 level to expect the bull move to continue further. The next support available at 3979-81 level but the ultimate support that formed in the recent times is 3820-30 level.
The horse trading is at its high spirits, no longer confined to smaller parties but to individuals who dare to question the CHIEF. The nuclear issue has become the election issue and parties are trying to attract the other and backstab the opponents. The parties draw their lines not only on the trust vote issue but their personal interests are at their best bargaining capacity. Whether the govt wins the trust vote or not but Indians faith on the leaders integrity was tarnished.
The real support came from ONGC, RIL, Bharti and the nuclear related power pack of NTPC, ABB and the RELinfra. The REL infra has good support at 805-801, ONGC is strong above 840, Bharti above 850 level, NTPC is good above 163, suggested in earlier postings. (The market pulse check by STOCKOMETER:Titled:Can we be in green….The Reliance closed below 2020 level but for today it shall trade below 1990 so that the bears can make their day happy at this counter). Yesterday the RIL showed an excellent support at 1990 rallied up to 2100+, so the scrip will become weak below 1990 level.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The horse trading is at its high spirits, no longer confined to smaller parties but to individuals who dare to question the CHIEF. The nuclear issue has become the election issue and parties are trying to attract the other and backstab the opponents. The parties draw their lines not only on the trust vote issue but their personal interests are at their best bargaining capacity. Whether the govt wins the trust vote or not but Indians faith on the leaders integrity was tarnished.
The real support came from ONGC, RIL, Bharti and the nuclear related power pack of NTPC, ABB and the RELinfra. The REL infra has good support at 805-801, ONGC is strong above 840, Bharti above 850 level, NTPC is good above 163, suggested in earlier postings. (The market pulse check by STOCKOMETER:Titled:Can we be in green….The Reliance closed below 2020 level but for today it shall trade below 1990 so that the bears can make their day happy at this counter). Yesterday the RIL showed an excellent support at 1990 rallied up to 2100+, so the scrip will become weak below 1990 level.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Friday, July 18, 2008
The robust move…....
The move started today has a good significance as the opening was normal and at one time Nifty went into red. The accumulation started from the morning to mid session. The move came after sufficient chunk of shares were acquired then the shoot up came.
The readers might have understood how the heavy weights show the direction and the importance of price levels. As mentioned earlier Bharti started the up move after it traded comfortable above 747, then touched 813 ( The market pulse check by STOCKOMETER :Titled: Asian melt down dt15-07-08,…… Bharti is good for del. above 750 level, but for today it is very likely that it will be available at 703-06 or even below that support level…)
I suggested for delivery in nuclear related companies and he move from the markets focused to Nuclear related infra & equipment companies.(STOCKOMETER:Titled: The UPA govt. lost the support of Left to stay in power sign the N-deal but manages to garner the like minded parties to corner the Left that the deal is inevitable in current scenario to meet the ever rising energy needs. So the deal will be through and benefit lots of companies like LT, Punjlloyd, ABB, Areva T&D, Siemens, NTPC, RelInfra and many other smaller companies queuing to cut their share in the cake……)
STOCKOMETER: To day in the Stock Specific Action, suggested RIL, RCOM gained strength, Infy failed to trade above 1605 and Tata Steel ex dividend Rs16, suggested there could be bounce bank failed to realized the weakness in the metal sectors. In the morning suggested that Nifty to gain strength from banking sector, SBI and Bharti.
The Stock Specific Action, Visit: www.intradaystockcalls.blogspot.com
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The readers might have understood how the heavy weights show the direction and the importance of price levels. As mentioned earlier Bharti started the up move after it traded comfortable above 747, then touched 813 ( The market pulse check by STOCKOMETER :Titled: Asian melt down dt15-07-08,…… Bharti is good for del. above 750 level, but for today it is very likely that it will be available at 703-06 or even below that support level…)
I suggested for delivery in nuclear related companies and he move from the markets focused to Nuclear related infra & equipment companies.(STOCKOMETER:Titled: The UPA govt. lost the support of Left to stay in power sign the N-deal but manages to garner the like minded parties to corner the Left that the deal is inevitable in current scenario to meet the ever rising energy needs. So the deal will be through and benefit lots of companies like LT, Punjlloyd, ABB, Areva T&D, Siemens, NTPC, RelInfra and many other smaller companies queuing to cut their share in the cake……)
STOCKOMETER: To day in the Stock Specific Action, suggested RIL, RCOM gained strength, Infy failed to trade above 1605 and Tata Steel ex dividend Rs16, suggested there could be bounce bank failed to realized the weakness in the metal sectors. In the morning suggested that Nifty to gain strength from banking sector, SBI and Bharti.
The Stock Specific Action, Visit: www.intradaystockcalls.blogspot.com
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Move up, further…….
The up move may continue as the global cues are positive and the Asian markets are trading in green with positive bias. The markets need to move up from these levels to need some positive triggers from the global and internal political action.
The Nifty shall not trade below 3890 level to cross the 4040 level. The markets will react to the results of Wipro, Satyam and the inflation figures released yesterday evening. The banking sector especially the SBI counter looks bullish and may move to 1400 level if it can sustain above 1260 level for 2 trading days. The Bharti may give good support to Nifty if it stays above 747 and cross 790 level.
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 shall not trade below 3890 level to cross the 4040 level. The markets will react to the results of Wipro, Satyam and the inflation figures released yesterday evening. The banking sector especially the SBI counter looks bullish and may move to 1400 level if it can sustain above 1260 level for 2 trading days. The Bharti may give good support to Nifty if it stays above 747 and cross 790 level.
The Stock Specific Action, Visit: www.intradaystockcalls.blogspot.com
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Can we stand to gain….
The markets took the global positive cues and the crude falling from the peaks has provided the much needed bottom support. But do we have the courage to encourage the growth and taming the inflation with cautious approach?. The rainfall is keeping the experts fingers crossed as they can do very little about it and say it is above normal. Any delay more than a week can change the cropping equations.
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 Stock Specific Action, Visit: www.intradaystockcalls.blogspot.com
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
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 Stock Specific Action, Visit: www.intradaystockcalls.blogspot.com
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Thursday, July 17, 2008
"Life" lived in the markets…
The dud feeling in the markets were eliminated for this day as the markets showed the elegance in pushing the prices up as well the Nifty.
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.
The reality sector, banking sector posted decent gains. In the Intraday stock calls I clearly mention the strengths of RCOM, SBI, ICICI bank and RIL. They neither breached the support levels nor failed to continue their northward journey as the strength of support increased.
The Ranbaxy trouble may live for some weeks and the trouble from the forex losses may increase in the number, eroded the share value of the companies like Biocon, HCL tech, Mind Tree but the TCS could absorb the loss.
The Stock Specific Action, Visit: http://www.intradaystockcalls.blogspot.com/
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
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.
The reality sector, banking sector posted decent gains. In the Intraday stock calls I clearly mention the strengths of RCOM, SBI, ICICI bank and RIL. They neither breached the support levels nor failed to continue their northward journey as the strength of support increased.
The Ranbaxy trouble may live for some weeks and the trouble from the forex losses may increase in the number, eroded the share value of the companies like Biocon, HCL tech, Mind Tree but the TCS could absorb the loss.
The Stock Specific Action, Visit: http://www.intradaystockcalls.blogspot.com/
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Positive Global cues….
The markets in US were very positive and posted decent gains. The Asian markets are in green and they can boost the positive sentiment in our markets. The crude fall gave a face lift at least for this week.
The tech Indians ADRs shined, Infy by 5.8%, Satyam by 6%, Wipro by 4%, the banking majors ICICI by 8.5% and the HDFC Bank rose by 6.5%.
The markets likely to post decent early gains in the morning and the challenge remains at this point is whether we could continue to cross the resistance at 3971-73 level and shall close above 3943. The severely beaten down banking and reality sectors will see some recovery.
Those who believe that the N-deal will go through with a positive trust vote can start buying the Nuclear equipment & parts supplying companies and the construction companies those are capable of executing these critical works.
The tech Indians ADRs shined, Infy by 5.8%, Satyam by 6%, Wipro by 4%, the banking majors ICICI by 8.5% and the HDFC Bank rose by 6.5%.
The markets likely to post decent early gains in the morning and the challenge remains at this point is whether we could continue to cross the resistance at 3971-73 level and shall close above 3943. The severely beaten down banking and reality sectors will see some recovery.
Those who believe that the N-deal will go through with a positive trust vote can start buying the Nuclear equipment & parts supplying companies and the construction companies those are capable of executing these critical works.
Wednesday, July 16, 2008
The action for big action…..
The markets are struggling to face the new challenges at higher levels but are determined to fight against the present situation. There was no specific change in the economic/political situation but a favour came from “cooling of crude”, gave some bottom support to market.
The tech results are not very enthusiastic to take the Nifty levels to higher levels from these levels be it with Infy, TCS. The telecom stocks with lead from Bharti are going to scale high. After the 60 points positive start it went back to 70 points negative but recovered well with support from ONGC, Bharti, Ranbaxy, HUL, capital goods & power sectors.
The Bearish out look will remain at least for two quarters for sure. The crude has to trade below 120 dollars and the resultant ease of inflation will give positive signals to RBI to relax the money tightening policies. The cumulative effect can be seen in the indices with confidence in the investor community, then the Nifty will trade above 4500 level and the foreign money will chase our stocks. Till these things happen without much deviation, the markets will be in trading range.
Anyway we have to live with the numbers, the Nifty has some support at least for the time being at 3800 level till the trust vote. The temporary support shall push the Nifty above 3879 level in the morning trade and shall cross above 3940 level to see Bulls build confidence for time being.
The traders might have observed the fall in RIL below 2020 level and RPL below 163, once their support levels (suggested) were breached.
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 tech results are not very enthusiastic to take the Nifty levels to higher levels from these levels be it with Infy, TCS. The telecom stocks with lead from Bharti are going to scale high. After the 60 points positive start it went back to 70 points negative but recovered well with support from ONGC, Bharti, Ranbaxy, HUL, capital goods & power sectors.
The Bearish out look will remain at least for two quarters for sure. The crude has to trade below 120 dollars and the resultant ease of inflation will give positive signals to RBI to relax the money tightening policies. The cumulative effect can be seen in the indices with confidence in the investor community, then the Nifty will trade above 4500 level and the foreign money will chase our stocks. Till these things happen without much deviation, the markets will be in trading range.
Anyway we have to live with the numbers, the Nifty has some support at least for the time being at 3800 level till the trust vote. The temporary support shall push the Nifty above 3879 level in the morning trade and shall cross above 3940 level to see Bulls build confidence for time being.
The traders might have observed the fall in RIL below 2020 level and RPL below 163, once their support levels (suggested) were breached.
The Stock Specific Action, Visit: http://www.intradaystockcalls.blogspot.com/
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Tuesday, July 15, 2008
Only down….down/low grades….
India is now passing through a rough phase with low grade, lower grade marks for investments as “Fitch down grades India”. The down grades from Moody’s and Standard & Poor will come out with their reports soon.
The gloomy picture of today was not visualized in Jan-08.The crude was at $120 per barrel and every body expected that it will touch $150 per barrel but the markets across the world were in jubilant mood with bullish out look. Now there was nothing left to write on the emerging India’s growth story or the opportunities available. Now the issue is how fast we recover from the pessimistic views to positive view?.
The markets sold off today and could not recover from their lows. The Nifty supports are eroded with the flood like supply of selling orders. Now the Nifty lost it’s significance of bottom supports and the present situation throws a new challenge to cross the hurdles on the up side. The fist hurdle to cross is at 4040 level and should cross the second hurdle at 4280 level then there is some thing left to think on the Bulls side.
The Reliance to cross the resistance at 2140 and later it has to cross the second resistance at 2260 level to confirm the ease of the Bear pressure in this counter.
The banking sector heavy weight like ICICI has to cross the resistance of 645-50 level and the SBI has to trade above 1390 level. After persistence efforts at the front line stocks can throw light that some of the positive efforts of Bulls are yielding results. The earlier posts were discussed about the other heavy weights of Nifty that can influence.
The gloomy picture of today was not visualized in Jan-08.The crude was at $120 per barrel and every body expected that it will touch $150 per barrel but the markets across the world were in jubilant mood with bullish out look. Now there was nothing left to write on the emerging India’s growth story or the opportunities available. Now the issue is how fast we recover from the pessimistic views to positive view?.
The markets sold off today and could not recover from their lows. The Nifty supports are eroded with the flood like supply of selling orders. Now the Nifty lost it’s significance of bottom supports and the present situation throws a new challenge to cross the hurdles on the up side. The fist hurdle to cross is at 4040 level and should cross the second hurdle at 4280 level then there is some thing left to think on the Bulls side.
The Reliance to cross the resistance at 2140 and later it has to cross the second resistance at 2260 level to confirm the ease of the Bear pressure in this counter.
The banking sector heavy weight like ICICI has to cross the resistance of 645-50 level and the SBI has to trade above 1390 level. After persistence efforts at the front line stocks can throw light that some of the positive efforts of Bulls are yielding results. The earlier posts were discussed about the other heavy weights of Nifty that can influence.
The Asian meltdown…..
The Asian markets are reeling under pressure from the financial troubles facing by the US mortgage companies and the escalating tensions around Iran and the Israel. The US big brother control over the resources and geographies are the real causes for the commodity prices upward move but unfortunately in the uni-polar world there is country dare to question/check the US high handness.
The tensions across the global equity markets spreading fear in the emerging markets investments there by drifting lower and lower.
The Nifty is having reasonable first at support at 3961-63 level and the 3900 shall hold till the trust vote is over. The Infy shall find buying support at lower level as the correction is very steep. It was deep down at 1310 level in second week of March gone up to 2000 level in June came down to 1550 level. So it will save Nifty and the price can go from 1500 to 1680-1720 level in near future.
The telecom stocks will rise as the 3G auction is all set to take place in a month or two and Bharti is good for del. above 750 level, but for today it is very likely that it will be available at 703-06 or even below that support level. The RCOM will rally from this level to 580 level once the reverse merger with MTN takes place.
The RPL can drift to lower in case it trades below 163 level and the reality and infra likely to see lower levels. The metals especially ferrous will find selling pressure for today, Sail is weak below 139 and Tata steel below 686-89 level.
The tensions across the global equity markets spreading fear in the emerging markets investments there by drifting lower and lower.
The Nifty is having reasonable first at support at 3961-63 level and the 3900 shall hold till the trust vote is over. The Infy shall find buying support at lower level as the correction is very steep. It was deep down at 1310 level in second week of March gone up to 2000 level in June came down to 1550 level. So it will save Nifty and the price can go from 1500 to 1680-1720 level in near future.
The telecom stocks will rise as the 3G auction is all set to take place in a month or two and Bharti is good for del. above 750 level, but for today it is very likely that it will be available at 703-06 or even below that support level. The RCOM will rally from this level to 580 level once the reverse merger with MTN takes place.
The RPL can drift to lower in case it trades below 163 level and the reality and infra likely to see lower levels. The metals especially ferrous will find selling pressure for today, Sail is weak below 139 and Tata steel below 686-89 level.
Monday, July 14, 2008
The fall is faster…..
The traders might have observed that the fall is much faster than the snail pace rise. The markets likely to witness the same kind of volatility till the HNI’s-deep pocked investors grab the early opportunity. The markets will fall but not more than 10% and create havoc in the minds of retail investor and pain in the heart.
The Nifty will not fall to 3200-300 levels as it fell from 5200 to this level. In case a sharp sell off from any à°¸ైà°¡్, market depth was shallow and it cannot take any out-right throw away sell-off.
The Nifty showed the required bull support to cross the 4093 level as posted in the morning but could not hold above 4073 level to give peace to the Bulls.
The Reliance (posted in the morning-The Reliance closed below 2020 level but for today it shall trade below 1990 so that the bears can make their day happy at this counter.) made a low of 1990 took support for this day abated the bears to make merry at the counter. The metals made a good come back across all counters and showed their strength. The RCOM failed to trade above 441-43 convincingly drifted to 435-36 level and Bharti didn’t hold the promise above 747. A surprise at the banking sector to many is that the Axis bank failed to cheer the street in spite of its robust quarterly numbers. The Ranbaxy sell off helps the Daiichi to buy the company with out raising the open offer.
The Nifty will not fall to 3200-300 levels as it fell from 5200 to this level. In case a sharp sell off from any à°¸ైà°¡్, market depth was shallow and it cannot take any out-right throw away sell-off.
The Nifty showed the required bull support to cross the 4093 level as posted in the morning but could not hold above 4073 level to give peace to the Bulls.
The Reliance (posted in the morning-The Reliance closed below 2020 level but for today it shall trade below 1990 so that the bears can make their day happy at this counter.) made a low of 1990 took support for this day abated the bears to make merry at the counter. The metals made a good come back across all counters and showed their strength. The RCOM failed to trade above 441-43 convincingly drifted to 435-36 level and Bharti didn’t hold the promise above 747. A surprise at the banking sector to many is that the Axis bank failed to cheer the street in spite of its robust quarterly numbers. The Ranbaxy sell off helps the Daiichi to buy the company with out raising the open offer.
Can we be in green….
The markets sold off due to the poor IIP numbers and the rising inflation numbers. The market closed temporarily at the support level at 4049 is a good sign. The two days made lots of changes in the political equations. The Congress thought that it could easily convince the smaller parties but Karat took it to his heart to tumble the Govt. and in the process a head of the ruling party. This could through a negative signal to the recovering markets.
The Nifty shall trade above 4073 and shall cross the resistance at 4093 level taking positive cues from the Asian markets. In case it fails to do so and trades below the 3990 level then it may touch 3900 level where it can has some support.
The Reliance closed below 2020 level but for today it shall trade below 1990 so that the bears can make their day happy at this counter. The RPL is strong above 169-170 level and weak below 163 level. The Infras may see further buying support at lower levels. The DLF is good above 449-51 weak below 446. The JP Associates was sold off could recover to day if it could trade above 165 but it is very unlikely. The Unitech is in a better place, good above 170 and weak below 165. The GMR Infra is good above 91 and weak below 89 level.
The RCOM showed resilience and the low is well above 421-23 support level. It is likely to advance further if it trades above 439-41 level. The Bharti crossed the first hurdle at 747 and the second at 757 level. So it is good for delivery in case the markets recover and trade above 751.
The USFDA case against Ranbaxy could dampen the share rise. The scrip trades below 531 then short sellers enjoy with a stop-loss of 541 from where it will be in Bull grip.
The markets will be volatile as both parties Bulls and Bears determined to win over the other. The Nifty is good for long only when it trades above 4145 level.
The Nifty shall trade above 4073 and shall cross the resistance at 4093 level taking positive cues from the Asian markets. In case it fails to do so and trades below the 3990 level then it may touch 3900 level where it can has some support.
The Reliance closed below 2020 level but for today it shall trade below 1990 so that the bears can make their day happy at this counter. The RPL is strong above 169-170 level and weak below 163 level. The Infras may see further buying support at lower levels. The DLF is good above 449-51 weak below 446. The JP Associates was sold off could recover to day if it could trade above 165 but it is very unlikely. The Unitech is in a better place, good above 170 and weak below 165. The GMR Infra is good above 91 and weak below 89 level.
The RCOM showed resilience and the low is well above 421-23 support level. It is likely to advance further if it trades above 439-41 level. The Bharti crossed the first hurdle at 747 and the second at 757 level. So it is good for delivery in case the markets recover and trade above 751.
The USFDA case against Ranbaxy could dampen the share rise. The scrip trades below 531 then short sellers enjoy with a stop-loss of 541 from where it will be in Bull grip.
The markets will be volatile as both parties Bulls and Bears determined to win over the other. The Nifty is good for long only when it trades above 4145 level.
Sunday, July 13, 2008
Numbers in profits…….
The markets are in full bear grip as they slipped from the 5185 level the very crucial support now has become a distance dream to reach. The fundamental analysts hope that the markets get life from the numbers declared by the companies and the profits in particular. The technical analysts also munching the numbers at which the company has support and resistances. So now the season is immersed in numbers.
The Business Line- Sunday, July 13, 2008, on the front page printed “Institutional investors buy ‘out-of-favour’ sectors in July”. The text covered as “What are institutional investors buying, with the Sensex hovering at 13k levels?. Mid-cap stocks in out-of favour sectors such as realestate, infrastructure, automobile, media and banking apper to have come back into the “buy” list of leading FIIs in July……”
Let the under-performing ( POSTED on Dt 30-06-2008)…..One of the clear signs of trend reversal in a bull market, the outperforming stock of yesterdays starts the signs of under-performance as the days goes by. The Index continues to surge in the same direction but the darlings take a nap. The same is the case with the falling market. There are some stocks those fall very steep than a retail investor could identify/imagine. The outright sell off will be seen with steep falls, as the days pass by every body could recognize that what was happened?. So the Deep-pockets garner the best opportunity to sell. In this bleak scenario there could be silver ling to identify the trend reversal. A clear observation can through the opportunity open to the retailers also. The trend reversal can be identified once the weakest sector finds buying interest in the market by the smart people that could be the secret why these weak stocks won’t fall however deep the market falls.
To validate the above observation it is necessary that the underperforming sectors in the market at this point in time are Real estate and Capital goods. So it is very important to see DLF trades above 496-503 level, Unitech shall trade above 210-214 level and the India Bulls Real estate above 395-400 level. The capital goods sector though has some silver lining with orders at disposal but the heat of raw material costs eating into the profits, thus evaporations of current prices to settle with lower P/E valuations. This sector has huge potential to outperform in future but the U-turn possible only when the price of L&T trades above 2750-2800 level, the BHEL shall trade above 1550-1585 and the ABB shall trade above 1020-36 level.
The Business Line- Sunday, July 13, 2008, on the front page printed “Institutional investors buy ‘out-of-favour’ sectors in July”. The text covered as “What are institutional investors buying, with the Sensex hovering at 13k levels?. Mid-cap stocks in out-of favour sectors such as realestate, infrastructure, automobile, media and banking apper to have come back into the “buy” list of leading FIIs in July……”
Let the under-performing ( POSTED on Dt 30-06-2008)…..One of the clear signs of trend reversal in a bull market, the outperforming stock of yesterdays starts the signs of under-performance as the days goes by. The Index continues to surge in the same direction but the darlings take a nap. The same is the case with the falling market. There are some stocks those fall very steep than a retail investor could identify/imagine. The outright sell off will be seen with steep falls, as the days pass by every body could recognize that what was happened?. So the Deep-pockets garner the best opportunity to sell. In this bleak scenario there could be silver ling to identify the trend reversal. A clear observation can through the opportunity open to the retailers also. The trend reversal can be identified once the weakest sector finds buying interest in the market by the smart people that could be the secret why these weak stocks won’t fall however deep the market falls.
To validate the above observation it is necessary that the underperforming sectors in the market at this point in time are Real estate and Capital goods. So it is very important to see DLF trades above 496-503 level, Unitech shall trade above 210-214 level and the India Bulls Real estate above 395-400 level. The capital goods sector though has some silver lining with orders at disposal but the heat of raw material costs eating into the profits, thus evaporations of current prices to settle with lower P/E valuations. This sector has huge potential to outperform in future but the U-turn possible only when the price of L&T trades above 2750-2800 level, the BHEL shall trade above 1550-1585 and the ABB shall trade above 1020-36 level.
Subscribe to:
Posts (Atom)
