The markets in India are undoubtedly out-performing the rest, especially in the emerging markets. The US financial sector turmoil making the global equities to accept the carry forward effect falls in tune with that effect. The tails spin movement of the equities eroding the trader’s net worth by triggering the stop losses. The likely wood of the bail out of Merrill Lynch in US has eaten away the BOA capitalization and no takers for Lehman Brothers are a serious concern to the global markets.
If we start recollecting the series of happing right from the first signs of Sub-prime issue surfaced in July-aug-07, the investment Gurus like Buffet has warned the serious consequences of the Sub-prime as it is was compared with a sleeping volcano.
Back to home the out look for the BPO & software services has become bleak to dark. The opportunity may arise only after April-June-09. The Investment in reality sector will be badly affected as the fund inflow will be drastically reduced.
The only hope that can survive our markets is the self sufficient infra development investments from the Govt and a little bit support from the ADB loan and World Bank. The promising sectors for at these crises are Power including the Nuclear power, Pharma & CRAMS and the ever green FMCG. The falling rupee can save our export oriented cotton, ready-mades and the tea sector.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Tuesday, September 16, 2008
Just to remind u…
The effort is to make you understand the in built positions that accumulates over a peroid of time for a big move on a later day.......
In my previous postings I discussed as......
The roller coaster…. The Nifty has support first support at 4449 and at 4421-16 level which is crucial and the markets shell not get any supply of shorts at this level. If Nifty could trade above 4481-3 level is a bullish sign but the high had to be crossed the minor resistance at 4505-08 level for this day.
The alliances & offers ……..The Nifty has good support at 4320 and even a better support at 4280 level. The Nifty shall open with a gap of 45 points above 4395-97 level and the high has to be crossed the first resistance at 4415-20 level. I think that this resistance will be crossed with out much pain unless there is huge fall in the Asian stocks.
The real challenge for Nifty is to trade above 4450-55 level to threaten the bears to cover their shorts. I think the retail investors will cover at 4450 level but the HNIs and deep pockets may wait and watch the 4523-29 level is decisively crossed.
DOUBTS REMAINED……The Indian markets moved up but left as debris of doubts while moving in such haste. The Bulls took the short-term advantage to make the retail shorts are covered in fear triggered further rally in Friday trades. The crude sliding from the important support level is a welcome sign as it would offer us to reduce the external fiscal burden due to oil imports. The India’s economy may stay for a while with out generating further fear of slow down in our growth.
The creeping uncertainties….The Nifty has to cross and trade above 4539-41 level to continue the up move to become a trend in the coming days. The Nifty has bottom support at 4449-51 level as first support and the better one at 4421-19 level. This can be achieved only when the RIL trades above 2220 level and the high shall cross the serious resistance at 2265 level. The ONGC is in better place good above 1065 level, so today it won’t considerably fall below that level.
The Wall crumbles…The Infy may manage to float above the support at 1640 level and may shuttle between 1770-1640 range till the second quarter results. In case Infy close & trades below the 1690 level and the Satyam trades below 409-06 support level could become the first signs of cracking in the IT stocks.
The consolidation move………The regular readers will observe the RIL strong above 2220 level and weak below 2193 level which was nose dived during the early trade to 2146 level.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
In my previous postings I discussed as......
The roller coaster…. The Nifty has support first support at 4449 and at 4421-16 level which is crucial and the markets shell not get any supply of shorts at this level. If Nifty could trade above 4481-3 level is a bullish sign but the high had to be crossed the minor resistance at 4505-08 level for this day.
The alliances & offers ……..The Nifty has good support at 4320 and even a better support at 4280 level. The Nifty shall open with a gap of 45 points above 4395-97 level and the high has to be crossed the first resistance at 4415-20 level. I think that this resistance will be crossed with out much pain unless there is huge fall in the Asian stocks.
The real challenge for Nifty is to trade above 4450-55 level to threaten the bears to cover their shorts. I think the retail investors will cover at 4450 level but the HNIs and deep pockets may wait and watch the 4523-29 level is decisively crossed.
DOUBTS REMAINED……The Indian markets moved up but left as debris of doubts while moving in such haste. The Bulls took the short-term advantage to make the retail shorts are covered in fear triggered further rally in Friday trades. The crude sliding from the important support level is a welcome sign as it would offer us to reduce the external fiscal burden due to oil imports. The India’s economy may stay for a while with out generating further fear of slow down in our growth.
The creeping uncertainties….The Nifty has to cross and trade above 4539-41 level to continue the up move to become a trend in the coming days. The Nifty has bottom support at 4449-51 level as first support and the better one at 4421-19 level. This can be achieved only when the RIL trades above 2220 level and the high shall cross the serious resistance at 2265 level. The ONGC is in better place good above 1065 level, so today it won’t considerably fall below that level.
The Wall crumbles…The Infy may manage to float above the support at 1640 level and may shuttle between 1770-1640 range till the second quarter results. In case Infy close & trades below the 1690 level and the Satyam trades below 409-06 support level could become the first signs of cracking in the IT stocks.
The consolidation move………The regular readers will observe the RIL strong above 2220 level and weak below 2193 level which was nose dived during the early trade to 2146 level.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Thursday, September 11, 2008
The inflation down…
The inflation was down to 12.10% from 12.34%, extended the decline curve to a consecutive third week but our markets are also down in-spite of the slowing down of inflation and the falling crude. The markets are worried over the future growth prospects rather than the present favourable news.
A survey showed that the major companies in US cut their IT budgets by 40%, the firms put on hold increasing. The Reuters survey with eminent economists revealed a fact the developed nations are now grapping with credit crunch and a year of recession for sure.
The DOT, Department of Telecom, plans to complete the auction by 30 Sep-08, has changed the guidelines to participate in 3G auction to those who have prior experience in 3G can bid and have to pay the pan India license fee. The Broadband Wireless Access (BWA) services got new frequency band of 2.3 GHz in addition to the 2.5 GHz band.
The MARKET pulse check by STOCKOMETER: as posted in the morning the Nifty made a high at 4399.30 and a low at 4272.75…( The Nifty is weak below 4391-93 level and to see the upward movement then it has to trade above 4480 level. So at present we are struggling to protect our supports at the bottom level. As such the bottoms supports are below 4350 level are close to one another. The 4339-41, 4321-19 and the 4285-89 will come at this critical time but the problem is the pressure on the higher levels).
A survey showed that the major companies in US cut their IT budgets by 40%, the firms put on hold increasing. The Reuters survey with eminent economists revealed a fact the developed nations are now grapping with credit crunch and a year of recession for sure.
The DOT, Department of Telecom, plans to complete the auction by 30 Sep-08, has changed the guidelines to participate in 3G auction to those who have prior experience in 3G can bid and have to pay the pan India license fee. The Broadband Wireless Access (BWA) services got new frequency band of 2.3 GHz in addition to the 2.5 GHz band.
The MARKET pulse check by STOCKOMETER: as posted in the morning the Nifty made a high at 4399.30 and a low at 4272.75…( The Nifty is weak below 4391-93 level and to see the upward movement then it has to trade above 4480 level. So at present we are struggling to protect our supports at the bottom level. As such the bottoms supports are below 4350 level are close to one another. The 4339-41, 4321-19 and the 4285-89 will come at this critical time but the problem is the pressure on the higher levels).
Can we bottomed out…?...
The US markets recovered but the Asian majors are in red with deep cut may place our markets in red. The markets are expected to see some recovery in the fag end to see the bottoming out at 4250-60 is intact. The SGX Nifty is currently at 4338, a discount of more than 60 points. The Hang Seng down by 475 points (2.37%), The Nikkei is down by 150 points (1.2%) may put further pressure on our markets.
The Nifty is weak below 4391-93 level and to see the upward movement then it has to trade above 4480 level. So at present we are struggling to protect our supports at the bottom level. As such the bottoms supports are below 4350 level are close to one another. The 4339-41, 4321-19 and the 4285-89 will come at this critical time but the problem is the pressure on the higher levels.
The RIL news to increase the gas from D-6 block, LT 750+ cr orders and the BHEL 2200+ cr orders and scouting for new alliance with GE, the telecom investments all are now discounted will get life when the markets turn up.
The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The Nifty is weak below 4391-93 level and to see the upward movement then it has to trade above 4480 level. So at present we are struggling to protect our supports at the bottom level. As such the bottoms supports are below 4350 level are close to one another. The 4339-41, 4321-19 and the 4285-89 will come at this critical time but the problem is the pressure on the higher levels.
The RIL news to increase the gas from D-6 block, LT 750+ cr orders and the BHEL 2200+ cr orders and scouting for new alliance with GE, the telecom investments all are now discounted will get life when the markets turn up.
The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Wednesday, September 10, 2008
Crude falls below 100…..
The crude oil the biggest trouble shooter in the fist and second quarter up to July touched a high close to 150 dollar a barrel now fell below 100 dollar due to the global economy slow down. The Indian infrastructure growth declined to 4.3 % compared to 7.2% last year but a consoling factor is it inched up when compared to last month at 3.4%. The Rupee breached the 45 mark against dollar, a nearly two year low.
The Indian markets though flooded with good news but were down due to global cues. The Nifty was down by 68 points today but still in positive territory when compared to last Friday closing by 48 points. So we are still outperforming the major Asian markets on net basis.
The MARKET pulse check by STOCKOMETER:
The markets behaved in line with the morning suggested levels but failed to understand the Banking sector strength which proved that I am wrong.
(….There was no such deviation from the earlier levels but the gravity favouring the bears. So the banking lot is most favoured sector to sell. ICICI bank may again see 680 levels, even less. The SBI has support at 1496-93 level, Relcap has support at 1286 level and the best could be at 1269-71 level. The other stock has earlier levels suggested are valid for this day.
The ICICI bank made a high at 704 and low at 686.35. The SBI touched high at 1583.70 and low at 1535, The Relcap made a high at 1355 and low touched at 1315.0
The traders might have observed how ONGC fell below 1093 to touch a low of 1053.15, DLF failed to cross 515 level and took support at 496.0, the JP failed to cross 176. All these levels were earlier discussed.
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 Indian markets though flooded with good news but were down due to global cues. The Nifty was down by 68 points today but still in positive territory when compared to last Friday closing by 48 points. So we are still outperforming the major Asian markets on net basis.
The MARKET pulse check by STOCKOMETER:
The markets behaved in line with the morning suggested levels but failed to understand the Banking sector strength which proved that I am wrong.
(….There was no such deviation from the earlier levels but the gravity favouring the bears. So the banking lot is most favoured sector to sell. ICICI bank may again see 680 levels, even less. The SBI has support at 1496-93 level, Relcap has support at 1286 level and the best could be at 1269-71 level. The other stock has earlier levels suggested are valid for this day.
The ICICI bank made a high at 704 and low at 686.35. The SBI touched high at 1583.70 and low at 1535, The Relcap made a high at 1355 and low touched at 1315.0
The traders might have observed how ONGC fell below 1093 to touch a low of 1053.15, DLF failed to cross 515 level and took support at 496.0, the JP failed to cross 176. All these levels were earlier discussed.
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 meltdown continues…..
The markets lost every thing they gained as the fear crystalising and shadow of US economic slow down are fast spreading the Asia and other emerging markets. The Indian ADRs lost more much value as HDFC bank lost more than 7%, ICIC Bank lost 5.77% and the tech pack lost around 2.5%.
The Hang Seng lost 345 (1.68%), Nikkei lost 131 points (1.06%) and our SGX Nifty is trading around 4445 level.
There was no such deviation from the earlier levels but the gravity favouring the bears. So the banking lot is most favoured sector to sell. ICICI bank may again see 680 levels, even less. The SBI has support at 1496-93 level, Relcap has support at 1286 level and the best could be at 1269-71 level.
The other stock has earlier levels suggested are valid for this day.
The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS.Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The Hang Seng lost 345 (1.68%), Nikkei lost 131 points (1.06%) and our SGX Nifty is trading around 4445 level.
There was no such deviation from the earlier levels but the gravity favouring the bears. So the banking lot is most favoured sector to sell. ICICI bank may again see 680 levels, even less. The SBI has support at 1496-93 level, Relcap has support at 1286 level and the best could be at 1269-71 level.
The other stock has earlier levels suggested are valid for this day.
The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS.Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Tuesday, September 09, 2008
The consolidation …
The markets took support from the heavy weights like Bharti, RCOM, LT, SUZLON, RIL, ONGC and ICICI Bank. They either advanced a bit or gave bottom support from further erosion.
The markets are taking time to see that the final hurdle at US senate to complete the process with out any postponement.
The RBI’s “inflation watch” kept the markets keeps guessing the new Governors calculation on the money supply.
The MARKET pulse check by STOCKOMETER: the markets took support at the crucial level as expected and closed on a positive level above the resistance level at 4450. I mentioned in the morning that ….(The opening will be influenced by the rest of the world but the closing is very important to see the strength in our markets to claim that the N-deal and emerging blue chip market.)
…(..The Nifty has support first support at 4449 and at 4421-16 level which is crucial and the markets shell not get any supply of shorts at this level. If Nifty could trade above 4481-3 level is a bullish sign but the high had to be crossed the minor resistance at 4505-08 level for this day). The NIFTY high at 4497.50 and the low at 4418.95
The Reliance has support at 2101-03 and the best support at 2088-91 level. The resistance at 2156-59 level…. The RIL high at 2159 and the low at 2086.55
The ONGC is good above 1109-1112 level and weak below 1093 level. The ONGC high at 1129.70 and the low at 1052.65 but it did not trade below 1093 level.
The ICICI bank good above 726-24 level for further appreciation. The support can be expected at 696-93 level. The ICICI bank high at 717.90 and the low at 700.0
The DLF is good above 525 level, The DLF high at 509 and the low at 499.25
The JP is good above 176 level. The JP high at 174 and the low at 169.15
....(The fact is that almost all stocks are in consolidation mode above their support levels and close to the resistance levels. So they are in trading range with negative to positive bias rather than pure negative view.
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 are taking time to see that the final hurdle at US senate to complete the process with out any postponement.
The RBI’s “inflation watch” kept the markets keeps guessing the new Governors calculation on the money supply.
The MARKET pulse check by STOCKOMETER: the markets took support at the crucial level as expected and closed on a positive level above the resistance level at 4450. I mentioned in the morning that ….(The opening will be influenced by the rest of the world but the closing is very important to see the strength in our markets to claim that the N-deal and emerging blue chip market.)
…(..The Nifty has support first support at 4449 and at 4421-16 level which is crucial and the markets shell not get any supply of shorts at this level. If Nifty could trade above 4481-3 level is a bullish sign but the high had to be crossed the minor resistance at 4505-08 level for this day). The NIFTY high at 4497.50 and the low at 4418.95
The Reliance has support at 2101-03 and the best support at 2088-91 level. The resistance at 2156-59 level…. The RIL high at 2159 and the low at 2086.55
The ONGC is good above 1109-1112 level and weak below 1093 level. The ONGC high at 1129.70 and the low at 1052.65 but it did not trade below 1093 level.
The ICICI bank good above 726-24 level for further appreciation. The support can be expected at 696-93 level. The ICICI bank high at 717.90 and the low at 700.0
The DLF is good above 525 level, The DLF high at 509 and the low at 499.25
The JP is good above 176 level. The JP high at 174 and the low at 169.15
....(The fact is that almost all stocks are in consolidation mode above their support levels and close to the resistance levels. So they are in trading range with negative to positive bias rather than pure negative view.
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 roller coaster….
The Asian markets are trading lower with more than 2 percent cut. The Hang seng down by 475 points, the Nikkei is down by 198 points, shows that the euphoria short lived for a day. The SGX Nifty is trading lower by 56 points at 4445 level. The opening will be influenced by the rest of the world but the closing is very important to see the strength in our markets to claim that the N-deal and emerging blue chip market.
There are more positive news that needs attention apart from the N-deal euphoria. The 3G auction process, The DII’s can increase their holdings in Stock exchanges up to 15%. the Maharasra govt. increasing the FSI in the prime locals close to sea shore and the courts granting the conversion of old/depilated houses in Mumbai to be converted as Flats can increase opportunities for pure housing constructions companies.
The Nifty has support first support at 4449 and at 4421-16 level which is crucial and the markets shell not get any supply of shorts at this level. If Nifty could trade above 4481-3 level is a bullish sign but the high had to be crossed the minor resistance at 4505-08 level for this day.
The Reliance has support at 2101-03 and the best support at 2088-91 level. The resistance at 2156-59 level, above 2169-71 it gains momentum to touch 2340 level in coming days and simultaneously the Nifty crosses the 4650 resistance.
The ONGC is good above 1109-1112 level and weak below 1093 level.
The ICICI bank good above 726-24 level for further appreciation. The support can be expected at 696-93 level.
The DLF is good above 525 level and the JP is good above 176 level.
The fact is that almost all stocks are in consolidation mode above their support levels and close to the resistance levels. So they are in trading range with negative to positive bias rather than pure negative view.
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.
There are more positive news that needs attention apart from the N-deal euphoria. The 3G auction process, The DII’s can increase their holdings in Stock exchanges up to 15%. the Maharasra govt. increasing the FSI in the prime locals close to sea shore and the courts granting the conversion of old/depilated houses in Mumbai to be converted as Flats can increase opportunities for pure housing constructions companies.
The Nifty has support first support at 4449 and at 4421-16 level which is crucial and the markets shell not get any supply of shorts at this level. If Nifty could trade above 4481-3 level is a bullish sign but the high had to be crossed the minor resistance at 4505-08 level for this day.
The Reliance has support at 2101-03 and the best support at 2088-91 level. The resistance at 2156-59 level, above 2169-71 it gains momentum to touch 2340 level in coming days and simultaneously the Nifty crosses the 4650 resistance.
The ONGC is good above 1109-1112 level and weak below 1093 level.
The ICICI bank good above 726-24 level for further appreciation. The support can be expected at 696-93 level.
The DLF is good above 525 level and the JP is good above 176 level.
The fact is that almost all stocks are in consolidation mode above their support levels and close to the resistance levels. So they are in trading range with negative to positive bias rather than pure negative view.
The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Monday, September 08, 2008
The BULLS need support…..
The best opening after a long gap was fizzled out due to profit booking and fresh shorts by the mighty. The markets were void of buying at higher level as the volumes speak. The good news is that the earlier resistances were easily crossed due to the NSG waiver other wise a difficult task given the market conditions. Now the challenge is to take from these levels to cross the 4650 resistance.
The MARKET pulse check by STOCKOMETER: the markets had a decent rally touch the 4558 level. They could not hold above the 4530 level for a longer period, succumbed to the selling pressure. In my last night post mentioned the condition as (…..The real challenge for Nifty is to trade above 4450-55 level to threaten the bears to cover their shorts. I think the retail investors will cover at 4450 level but the HNIs and deep pockets may wait and watch the 4523-29 level is decisively crossed).
In the morning posted ….The Bhel is having first resistance at 1771-73, so it is good if it opens & trade above that level. The next resistance was at 1830 level. It shall not trade below 1685 from where it may loose the fancy. The BHEL opened at 1846.6 and the high touched at 1899.0
The L&T is having first resistance at 2681-83, so it is good if it opens & trade above that level. The next resistance was at 2706-09 level. It shall not trade below 2525 from where it may loose the fancy. The L&T opened at 2740 and the high touched at 2888.80
The REL Infra is having first resistance at 1041-43, so it is good if it opens & trade above that level. The next resistance was at 1088-89 level. It shall not trade below 975 from where it may loose the fancy. The REL Infra opened at 1053 and the high touched at 1109.0
The NTPC is having first resistance at 177-76, so it is good if it opens & trade above that level. The next resistance was at 185 levels. It shall not trade below 168-67 from where it may loose the fancy. The NTPC opened at 189.0 and the high touched at 192.0
The Punjlloyd is having first resistance at 310-09, so it is good if it opens & trade above that level. The next resistance was at 326-29 level. It shall not trade below 293 from where it may loose the fancy. The Punj opened at 307 and the high touched at 323.85
The RIL is good above 2131 level and Resistance at 2168-69. The RIL opened at 2199 and the high touched at 2199 but the traders might have see that the RIL could not trade above 2169.0 level.
The ONGC likely to cross the resistance at 1109-14. The ONGC opened at 1080 and the high touched at 1124.60
The ICICI bank is good above 696 and will rally above 701-03 level. The ICICI opened at 721.05 and the high touched at 750.0
The SBI is good above 1521 level and rally 1550 level. The SBI opened at 1560 and the high touched at 1610.0
The Relcap has resistance at 1376-79 level above that it will rally to 1400 range. The Relcap opened at 1380 and the high touched at 1418.70. In my previous posts I mentioned …. (…The Relcap is struggling to cross the resistance at 1420-40 range which may live for some more time. It is good above 1380 level but weak below 1349 level).
The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The MARKET pulse check by STOCKOMETER: the markets had a decent rally touch the 4558 level. They could not hold above the 4530 level for a longer period, succumbed to the selling pressure. In my last night post mentioned the condition as (…..The real challenge for Nifty is to trade above 4450-55 level to threaten the bears to cover their shorts. I think the retail investors will cover at 4450 level but the HNIs and deep pockets may wait and watch the 4523-29 level is decisively crossed).
In the morning posted ….The Bhel is having first resistance at 1771-73, so it is good if it opens & trade above that level. The next resistance was at 1830 level. It shall not trade below 1685 from where it may loose the fancy. The BHEL opened at 1846.6 and the high touched at 1899.0
The L&T is having first resistance at 2681-83, so it is good if it opens & trade above that level. The next resistance was at 2706-09 level. It shall not trade below 2525 from where it may loose the fancy. The L&T opened at 2740 and the high touched at 2888.80
The REL Infra is having first resistance at 1041-43, so it is good if it opens & trade above that level. The next resistance was at 1088-89 level. It shall not trade below 975 from where it may loose the fancy. The REL Infra opened at 1053 and the high touched at 1109.0
The NTPC is having first resistance at 177-76, so it is good if it opens & trade above that level. The next resistance was at 185 levels. It shall not trade below 168-67 from where it may loose the fancy. The NTPC opened at 189.0 and the high touched at 192.0
The Punjlloyd is having first resistance at 310-09, so it is good if it opens & trade above that level. The next resistance was at 326-29 level. It shall not trade below 293 from where it may loose the fancy. The Punj opened at 307 and the high touched at 323.85
The RIL is good above 2131 level and Resistance at 2168-69. The RIL opened at 2199 and the high touched at 2199 but the traders might have see that the RIL could not trade above 2169.0 level.
The ONGC likely to cross the resistance at 1109-14. The ONGC opened at 1080 and the high touched at 1124.60
The ICICI bank is good above 696 and will rally above 701-03 level. The ICICI opened at 721.05 and the high touched at 750.0
The SBI is good above 1521 level and rally 1550 level. The SBI opened at 1560 and the high touched at 1610.0
The Relcap has resistance at 1376-79 level above that it will rally to 1400 range. The Relcap opened at 1380 and the high touched at 1418.70. In my previous posts I mentioned …. (…The Relcap is struggling to cross the resistance at 1420-40 range which may live for some more time. It is good above 1380 level but weak below 1349 level).
The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The N-deal affect…
The markets are likely to show their reactions over the N-deal and the companies directly benefit will act the most. The best from the markets can be expected to the following scrips.
The Bhel is having first resistance at 1771-73, so it is good if it opens & trade above that level. The next resistance was at 1830 level. It shall not trade below 1685 from where it may loose the fancy.
The L&T is having first resistance at 2681-83, so it is good if it opens & trade above that level. The next resistance was at 2706-09 level. It shall not trade below 2525 from where it may loose the fancy.
The REL Infra is having first resistance at 1041-43, so it is good if it opens & trade above that level. The next resistance was at 1088-89 level. It shall not trade below 975 from where it may loose the fancy.
The NTPC is having first resistance at 177-76, so it is good if it opens & trade above that level. The next resistance was at 185 levels. It shall not trade below 168-67 from where it may loose the fancy.
The Punjlloyd is having first resistance at 310-09, so it is good if it opens & trade above that level. The next resistance was at 326-29 level. It shall not trade below 293 from where it may loose the fancy.
The Tata power & R-power are the front runners to start private nuclear power generation may find buying support.
The Asian markets are in jubilant mood to recover the last week losses. The Hang Seng is adding 768 points and the Nikkei with 435 points. The SGX is now at 4555 with 190 positive points.
The RIL is good above 2131 level and Resistance at 2168-69. The ONGC likely to cross the resistance at 1109-14.
The ICICI bank is good above 696 and will rally above 701-03 level.
The SBI is good above 1521 level and rally 1550 level.
The Relcap has resistance at 1376-79 level above that it will rally to 1400 range.
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 Bhel is having first resistance at 1771-73, so it is good if it opens & trade above that level. The next resistance was at 1830 level. It shall not trade below 1685 from where it may loose the fancy.
The L&T is having first resistance at 2681-83, so it is good if it opens & trade above that level. The next resistance was at 2706-09 level. It shall not trade below 2525 from where it may loose the fancy.
The REL Infra is having first resistance at 1041-43, so it is good if it opens & trade above that level. The next resistance was at 1088-89 level. It shall not trade below 975 from where it may loose the fancy.
The NTPC is having first resistance at 177-76, so it is good if it opens & trade above that level. The next resistance was at 185 levels. It shall not trade below 168-67 from where it may loose the fancy.
The Punjlloyd is having first resistance at 310-09, so it is good if it opens & trade above that level. The next resistance was at 326-29 level. It shall not trade below 293 from where it may loose the fancy.
The Tata power & R-power are the front runners to start private nuclear power generation may find buying support.
The Asian markets are in jubilant mood to recover the last week losses. The Hang Seng is adding 768 points and the Nikkei with 435 points. The SGX is now at 4555 with 190 positive points.
The RIL is good above 2131 level and Resistance at 2168-69. The ONGC likely to cross the resistance at 1109-14.
The ICICI bank is good above 696 and will rally above 701-03 level.
The SBI is good above 1521 level and rally 1550 level.
The Relcap has resistance at 1376-79 level above that it will rally to 1400 range.
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, September 07, 2008
The alliances & offers .........
The market reaction to the much awaited NSG waiver has to be seen in the bourses. The companies are gearing themselves to make use of the opportunity to form alliances to access the technology and EPC expertise that is bundled not only at the national level but also in the international front.
The Bush Govt. has to sign the deal with out much discussion and delay so that the efforts made are fully rewarded. The foreign companies may come forward to form alliances with the front line infra companies in the next 6 months. The fruits of these efforts can be enjoyed only after 2010, a gestation period that is required to start new projects as the land problems are already existed and may wide spread to oppose to this inherent radio active danger involved.
The top power and infra companies can sleep on their huge investments & executable back log orders. The huge capital requirements to implement these projects, financing modalities and profitability of these works shall not be questioned at this our. The local political parties may wait and watch the actual details of the project made public but the markets may react positively.
The Nifty has good support at 4320 and even a better support at 4280 level. The Nifty shall open with a gap of 45 points above 4395-97 level and the high has to be crossed the first resistance at 4415-20 level. I think that this resistance will be crossed with out much pain unless there is huge fall in the Asian stocks.
The real challenge for Nifty is to trade above 4450-55 level to threaten the bears to cover their shorts. I think the retail investors will cover at 4450 level but the HNIs and deep pockets may wait and watch the 4523-29 level is decisively crossed.
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 Bush Govt. has to sign the deal with out much discussion and delay so that the efforts made are fully rewarded. The foreign companies may come forward to form alliances with the front line infra companies in the next 6 months. The fruits of these efforts can be enjoyed only after 2010, a gestation period that is required to start new projects as the land problems are already existed and may wide spread to oppose to this inherent radio active danger involved.
The top power and infra companies can sleep on their huge investments & executable back log orders. The huge capital requirements to implement these projects, financing modalities and profitability of these works shall not be questioned at this our. The local political parties may wait and watch the actual details of the project made public but the markets may react positively.
The Nifty has good support at 4320 and even a better support at 4280 level. The Nifty shall open with a gap of 45 points above 4395-97 level and the high has to be crossed the first resistance at 4415-20 level. I think that this resistance will be crossed with out much pain unless there is huge fall in the Asian stocks.
The real challenge for Nifty is to trade above 4450-55 level to threaten the bears to cover their shorts. I think the retail investors will cover at 4450 level but the HNIs and deep pockets may wait and watch the 4523-29 level is decisively crossed.
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 alliances & offers.......
The market reaction to the much awaited NSG waiver has to be seen in the bourses. The companies are gearing themselves to make use of the opportunity to form alliances to access the technology and EPC expertise that is bundled not only at the national level but also in the international front.
The Bush Govt. has to sign the deal with out much discussion and delay so that the efforts made are fully rewarded. The foreign companies may come forward to form alliances with the front line infra companies in the next 6 months. The fruits of these efforts can be enjoyed only after 2010, a gestation period that is required to start new projects as the land problems are already existed and may wide spread to oppose to this inherent radio active danger involved.
The top power and infra companies can sleep on their huge investment plans & executable back log orders. The huge capital requirements to implement these projects, financing modalities and profitability of these works shall not be questioned at this our. The local political parties may wait and watch the actual details of the project made public but the markets may react positively.
The Bush Govt. has to sign the deal with out much discussion and delay so that the efforts made are fully rewarded. The foreign companies may come forward to form alliances with the front line infra companies in the next 6 months. The fruits of these efforts can be enjoyed only after 2010, a gestation period that is required to start new projects as the land problems are already existed and may wide spread to oppose to this inherent radio active danger involved.
The top power and infra companies can sleep on their huge investment plans & executable back log orders. The huge capital requirements to implement these projects, financing modalities and profitability of these works shall not be questioned at this our. The local political parties may wait and watch the actual details of the project made public but the markets may react positively.
The Nifty has good support at 4320 and even a better support at 4280 level. The Nifty shall open with a gap of 45 points above 4395-97 level and the high has to be crossed the first resistance at 4415-20 level. I think that this resistance will be crossed with out much pain unless there is huge fall in the Asian stocks.
The real challenge for Nifty is to trade above 4450-55 level to threaten the bears to cover their shorts. I think the retail investors will cover at 4450 level but the HNIs and deep pockets may wait and watch the 4523-29 level is decisively crossed.
The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Saturday, September 06, 2008
The "Big Win" & political compulsions….
The economically and politically strong Big Brother US, determined efforts by Bush and the administration could make it possible to see that the NSG approve the waiver to India. The historic day closed the decades of nuclear isolation and opened new doors for both energy security and the business opportunity. The countries like New Zealand, Austria, Norway Ireland and our neighbor China made the Indian officials run pillar to post to convince them who expressed serious reservations for such a waiver. Our well know deal maker and cracker, the External Affairs Minister, Pranab Mukharjee made the last minute efforts by bringing his expertise to a focal point, made the history.
In my earlier posts mentioned about the biggest beneficiaries of the N-deal, estimated that a business of 40 billion dollars over a period of 10 years. This is nothing but an assured business to our capital goods, power and infra companies. The ancillary units small and medium may find their cake. The external business opportunity is enormous apart from the mining operations that the country will open in search of Uranium, in the locally available mineral rich states to ensure a buffer stock.
The Singur trouble is getting sign of amicable solution, the Tata’s has to decide. The big issues are being settled amicably may give some signs of relief.
The Nifty may get bottom support in spite of the global melt down; a de-coupled movement in the short-term is expected. The short term benefits are negligible with the deal, the HNIs, MFs and the FIIs many not jump to buy these stocks but at least don’t throw away the blue chips when the exuberance is high.
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.
In my earlier posts mentioned about the biggest beneficiaries of the N-deal, estimated that a business of 40 billion dollars over a period of 10 years. This is nothing but an assured business to our capital goods, power and infra companies. The ancillary units small and medium may find their cake. The external business opportunity is enormous apart from the mining operations that the country will open in search of Uranium, in the locally available mineral rich states to ensure a buffer stock.
The Singur trouble is getting sign of amicable solution, the Tata’s has to decide. The big issues are being settled amicably may give some signs of relief.
The Nifty may get bottom support in spite of the global melt down; a de-coupled movement in the short-term is expected. The short term benefits are negligible with the deal, the HNIs, MFs and the FIIs many not jump to buy these stocks but at least don’t throw away the blue chips when the exuberance is high.
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, September 05, 2008
The N-deal confusion.....
The Indian govt. was forced to take defensive steps on a sliding floor with little grip over the issue. The present situation is now a forced compulsive acceptance of the dictates by the might. The political situation has become fluid till concrete facing measures are taken thought a different interpretation to the presentation of the issue.
The equity markets across the globe no matter what the present rate at which crude is trading or the falling inflation but worried on the deceleration of the economic growth. This situation is worse with the emerging markets whose dependence is more on US, the real trigger of trouble opened.
The Indian markets may escape the deep cut if the NSG accepts the India’s proposal on N-deal, then a huge investment opportunity can be generated for next 10 years, be it in capital goods, construction or in mining. Let’s wait and hope for the best.
The MARKET pulse check by STOCKOMETER: The markets as of now are in line with the global cues. The Nifty made a low at 4328.90 (….. the strength will be gained fast if it holds above the immediate support level at 4343-41 level).
The RIL is good at 2100-2097 level, the next support at 2081-79 level. The RIL made a high at 2105 and low at 2065.
The ONGC may get support at 1023-20 level, made low at 1040.15, a very good support.
The Infy may get support at 1706-08 level will become weak below 1690 level, today low at 1706.50
The DLF is in the yesterday levels. DLF made a high at 515.5 from where the rally triggered two days back.(…The DLF is good above 515 levels and it shall not trade below 503 levels…)
The Tata Steel may fined some new bottom at 560 level or even below, low touched at 555.0
The RCOM once again get support at 379-81 level, but likely to see a new bottom, low touched at 384.50
The SBI has support at 1467-71 level and next support at 1446-45 level. The low touched at 1470.0
The ICICI bank may get first support at 678-81 level and may find buyers at 661-59 level, The low touched at 680
The Relcap may get support at 1305-03 level and the best could be at 1281-83 level. The low touched at 1307.20
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 equity markets across the globe no matter what the present rate at which crude is trading or the falling inflation but worried on the deceleration of the economic growth. This situation is worse with the emerging markets whose dependence is more on US, the real trigger of trouble opened.
The Indian markets may escape the deep cut if the NSG accepts the India’s proposal on N-deal, then a huge investment opportunity can be generated for next 10 years, be it in capital goods, construction or in mining. Let’s wait and hope for the best.
The MARKET pulse check by STOCKOMETER: The markets as of now are in line with the global cues. The Nifty made a low at 4328.90 (….. the strength will be gained fast if it holds above the immediate support level at 4343-41 level).
The RIL is good at 2100-2097 level, the next support at 2081-79 level. The RIL made a high at 2105 and low at 2065.
The ONGC may get support at 1023-20 level, made low at 1040.15, a very good support.
The Infy may get support at 1706-08 level will become weak below 1690 level, today low at 1706.50
The DLF is in the yesterday levels. DLF made a high at 515.5 from where the rally triggered two days back.(…The DLF is good above 515 levels and it shall not trade below 503 levels…)
The Tata Steel may fined some new bottom at 560 level or even below, low touched at 555.0
The RCOM once again get support at 379-81 level, but likely to see a new bottom, low touched at 384.50
The SBI has support at 1467-71 level and next support at 1446-45 level. The low touched at 1470.0
The ICICI bank may get first support at 678-81 level and may find buyers at 661-59 level, The low touched at 680
The Relcap may get support at 1305-03 level and the best could be at 1281-83 level. The low touched at 1307.20
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 Wall crumbles….
The Wallstreet crumbled last night and fell on the Asian markets, cracking by more than 2.5%. The Indian markets are about to face the threat, the strength will be gained fast if it holds above the immediate support level at 4343-41 level. The Hang Seng is struggling to hold the bottoms as it is continuously bleeding, today lost by 555 points and the Nikkei is beaten down with its economic and political troubles lost 320 points.
The ADRs slumped by 5% in banking stocks and the techs lost by more than 2%.
The troubled times exhibits opportunities to the institutional investors to come forward and buy the blue chips. The underperformer has to get the bottom support and investors shall come forward to buy at the so called higher levels rather than resorting for profit booking/shorting with pessimistic view. In this category the reality sector, especially DLF has to trade above 520 and cross the 570-75 resistance, then the markets see a sustained buying. The Infy may manage to float above the support at 1640 level and may shuttle between 1770-1640 range till the second quarter results. In case Infy close & trades below the 1690 level and the Satyam trades below 409-06 support level could become the first signs of cracking in the IT stocks.
The technical bottom supports may not come to rescue when the floods of supply is offered. But the broad range can give some idea of the movements.
The RIL is good at 2100-2097 level, the next support at 2081-79 level.
The ONGC may get support at 1023-20 level.
The Infy may get support at 1706-08 level will become weak below 1690 level.
The DLF is in the yesterday levels.
The Tata Steel may fine some new bottom at 560 level or even below.
The RCOM once again get support at 379-81 level, but likely to see a new bottom.
The SBI has support at 1467-71 level and next support at 1446-45 level.
The ICICI bank may get first support at 678-81 level and may find buyers at 661-59 level.
The Relcap may get support at 1305-03 level and the best could be at 1281-83 level.
The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The ADRs slumped by 5% in banking stocks and the techs lost by more than 2%.
The troubled times exhibits opportunities to the institutional investors to come forward and buy the blue chips. The underperformer has to get the bottom support and investors shall come forward to buy at the so called higher levels rather than resorting for profit booking/shorting with pessimistic view. In this category the reality sector, especially DLF has to trade above 520 and cross the 570-75 resistance, then the markets see a sustained buying. The Infy may manage to float above the support at 1640 level and may shuttle between 1770-1640 range till the second quarter results. In case Infy close & trades below the 1690 level and the Satyam trades below 409-06 support level could become the first signs of cracking in the IT stocks.
The technical bottom supports may not come to rescue when the floods of supply is offered. But the broad range can give some idea of the movements.
The RIL is good at 2100-2097 level, the next support at 2081-79 level.
The ONGC may get support at 1023-20 level.
The Infy may get support at 1706-08 level will become weak below 1690 level.
The DLF is in the yesterday levels.
The Tata Steel may fine some new bottom at 560 level or even below.
The RCOM once again get support at 379-81 level, but likely to see a new bottom.
The SBI has support at 1467-71 level and next support at 1446-45 level.
The ICICI bank may get first support at 678-81 level and may find buyers at 661-59 level.
The Relcap may get support at 1305-03 level and the best could be at 1281-83 level.
The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Thursday, September 04, 2008
The FALLING inflation....
The Asian Markets were down so was our markets. The markets behaved in line with our expectations but very choppy trade might have forced to book losses every time due to the swings.
The inflation in a consecutive second week fell to 12.34% from 12.40% may give some more strength to Bulls but the foreign debt rose by 30% to touch more than 221 billion dollars is a long term concern.
The ECBs rose by 49 % to touch 62.02 billion dollars as on 31st March this year. The External Commercial Barrowings raised by the Indian corporate world will put lot of pressure on the companies as the dollar appreciated from 39 to 44 rupees during this year. So any slow down in implementation of projects and postponing the commissioning of such projects will impact the bottom line.
The MARKET pulse check by STOCKOMETER: The traders might have noticed that the Nifty took support at 4450 level and later decisively at 4419.35 as suggested in the morning posting. (The Nifty has bottom support at 4449-51 level as first support and the better one at 4421-19 level).
For today, the RIL has resistance at 2243-41 level and the support at 2161-65 level. The RIL touched a low at 2132 and the high registered at 2250.The ONGC may get support at 1065 level. The low registered at 1052.80 but it did not trade below 1065 level.The SBIN has resistance at 1553-56 level above that level it will touch 1591-89 level. The Support expected to come at 1471-67 level. The SBI low touched at 1461.45 and high touched at 1546.70
The ICICI will rally further if it trades above740 level, the immediate resistance at 729-31 level, support can be expected at 691-693 level. The High touched at 730 and the low touched at 694.15
The RCOM one of the weakest stock in the Nifty is good above 405-03 level and may find resistance at 411-15 range, the reasonable support at 391-93 level. The RCOM high touched at 405.0 and the low touched at 392.0
The DLF is good above 515 levels and it shall not trade below 503 levels to see the up move continued in future. The DLF high touched at 531.5 and the low touched at 506.25
The Tata Steel failed to cross the resistance at 591 and the SAIL failed to cross 153-154 level. The RPL failed to cross the resistance at 161 and the support at 153-57 level was not violated either.
The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS.Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The inflation in a consecutive second week fell to 12.34% from 12.40% may give some more strength to Bulls but the foreign debt rose by 30% to touch more than 221 billion dollars is a long term concern.
The ECBs rose by 49 % to touch 62.02 billion dollars as on 31st March this year. The External Commercial Barrowings raised by the Indian corporate world will put lot of pressure on the companies as the dollar appreciated from 39 to 44 rupees during this year. So any slow down in implementation of projects and postponing the commissioning of such projects will impact the bottom line.
The MARKET pulse check by STOCKOMETER: The traders might have noticed that the Nifty took support at 4450 level and later decisively at 4419.35 as suggested in the morning posting. (The Nifty has bottom support at 4449-51 level as first support and the better one at 4421-19 level).
For today, the RIL has resistance at 2243-41 level and the support at 2161-65 level. The RIL touched a low at 2132 and the high registered at 2250.The ONGC may get support at 1065 level. The low registered at 1052.80 but it did not trade below 1065 level.The SBIN has resistance at 1553-56 level above that level it will touch 1591-89 level. The Support expected to come at 1471-67 level. The SBI low touched at 1461.45 and high touched at 1546.70
The ICICI will rally further if it trades above740 level, the immediate resistance at 729-31 level, support can be expected at 691-693 level. The High touched at 730 and the low touched at 694.15
The RCOM one of the weakest stock in the Nifty is good above 405-03 level and may find resistance at 411-15 range, the reasonable support at 391-93 level. The RCOM high touched at 405.0 and the low touched at 392.0
The DLF is good above 515 levels and it shall not trade below 503 levels to see the up move continued in future. The DLF high touched at 531.5 and the low touched at 506.25
The Tata Steel failed to cross the resistance at 591 and the SAIL failed to cross 153-154 level. The RPL failed to cross the resistance at 161 and the support at 153-57 level was not violated either.
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 creeping uncertainties….
We are there but there are developments across the globe, now the second biggest economy Japan facing political uncertainties as the Prime Minister resigned on 2nd, but the Nikkei closed in positive territory on 3rd, the Hang Seng lost 457 points but we were at Ganesh Puja.
The real challenge is that the previous jubilant mood can be carried further as the new opportunity at hand can be used by Bulls is the question at this moment?. The newspaper headlines quoting on the Indo-US nuclear deal that come for discussions at the NSG meet will reveal the conditions and proposed restrictions on India to conduct future nuclear tests. The Asian markets are bleeding in red as Hang Seng lost 140 points, Nikkei lost 45 points and the SGX is now quoting at 4450 level a 55 points down from the Friday closing.
The Nifty has to cross and trade above 4539-41 level to continue the up move to become a trend in the coming days. The Nifty has bottom support at 4449-51 level as first support and the better one at 4421-19 level. This can be achieved only when the RIL trades above 2220 level and the high shall cross the serious resistance at 2265 level. The ONGC is in better place good above 1065 level, so today it won’t considerably fall below that level.
For today, the RIL has resistance at 2243-41 level and the support at 2161-65 level.
The ONGC may get support at 1065 level. The SBIN has resistance at 1553-56 level above that level it will touch 1591-89 level. The Support expected to come at 1471-67 level.
The ICICI will rally further if it trades above740 level, the immediate resistance at 729-31 level, support can be expected at 691-693 level. The RCOM one of the weakest stock in the Nifty is good above 405-03 level and may find resistance at 411-15 range, the reasonable support at 391-93 level.
The reality pack may get some selling pressure, the DLF is good above 515 levels and it shall not trade below 503 levels to see the up move continued in future.
The Tata Steel, Sail and RPL are in their previous levels.
The NTPC and BHEL will see a knee jerk reaction in case any negative developments at NSG meeting. Incase NTPC trades below 171.90 and BHEL trades below 1646 level, expect some smoke before the fire engulfs.
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 real challenge is that the previous jubilant mood can be carried further as the new opportunity at hand can be used by Bulls is the question at this moment?. The newspaper headlines quoting on the Indo-US nuclear deal that come for discussions at the NSG meet will reveal the conditions and proposed restrictions on India to conduct future nuclear tests. The Asian markets are bleeding in red as Hang Seng lost 140 points, Nikkei lost 45 points and the SGX is now quoting at 4450 level a 55 points down from the Friday closing.
The Nifty has to cross and trade above 4539-41 level to continue the up move to become a trend in the coming days. The Nifty has bottom support at 4449-51 level as first support and the better one at 4421-19 level. This can be achieved only when the RIL trades above 2220 level and the high shall cross the serious resistance at 2265 level. The ONGC is in better place good above 1065 level, so today it won’t considerably fall below that level.
For today, the RIL has resistance at 2243-41 level and the support at 2161-65 level.
The ONGC may get support at 1065 level. The SBIN has resistance at 1553-56 level above that level it will touch 1591-89 level. The Support expected to come at 1471-67 level.
The ICICI will rally further if it trades above740 level, the immediate resistance at 729-31 level, support can be expected at 691-693 level. The RCOM one of the weakest stock in the Nifty is good above 405-03 level and may find resistance at 411-15 range, the reasonable support at 391-93 level.
The reality pack may get some selling pressure, the DLF is good above 515 levels and it shall not trade below 503 levels to see the up move continued in future.
The Tata Steel, Sail and RPL are in their previous levels.
The NTPC and BHEL will see a knee jerk reaction in case any negative developments at NSG meeting. Incase NTPC trades below 171.90 and BHEL trades below 1646 level, expect some smoke before the fire engulfs.
The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Wednesday, September 03, 2008
DOUBTS REMAINED……
The Indian markets moved up but left as debris of doubts while moving in such haste. The Bulls took the short-term advantage to make the retail shorts are covered in fear triggered further rally in Friday trades. The crude sliding from the important support level is a welcome sign as it would offer us to reduce the external fiscal burden due to oil imports. The India’s economy may stay for a while with out generating further fear of slow down in our growth.
The strength in which our companies are operating is being put to pressure as there is considerable change in the economic conditions and the global slow down. The Indian exports are less than 2% when compared to world trade but for us as those three Olympic medals are so worthy to celebrate with out comparing the China’s, likewise the growth in our exports stimulates our confidence to compete in the world competition.
The Friday move in banking sector and the reality sector are more than they deserve at this juncture. The move will help to off load some more quantity while it turns to ride down southwards. But the technicals suggest that the Nifty far away from the verge of fall. The Nifty is good above 4435, as an immediate support level but the conditions favour the bulls so long it trades above 4365 level. So the Nifty may correct from these levels but doesn’t offer a situation for naked shorts at this critical juncture.
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 strength in which our companies are operating is being put to pressure as there is considerable change in the economic conditions and the global slow down. The Indian exports are less than 2% when compared to world trade but for us as those three Olympic medals are so worthy to celebrate with out comparing the China’s, likewise the growth in our exports stimulates our confidence to compete in the world competition.
The Friday move in banking sector and the reality sector are more than they deserve at this juncture. The move will help to off load some more quantity while it turns to ride down southwards. But the technicals suggest that the Nifty far away from the verge of fall. The Nifty is good above 4435, as an immediate support level but the conditions favour the bulls so long it trades above 4365 level. So the Nifty may correct from these levels but doesn’t offer a situation for naked shorts at this critical juncture.
The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Tuesday, September 02, 2008
The''LONG" weighted.........
The Bulls made a killing in the bourses, along waited accumulation sparked with a stellar performance that even greeted the new RBI Governor.
The regular readers will notice the developments and the levels suggested were in line with the performance of the markets. A copy of the earlier suggestion will be pasted for study and reference……
Yester day posted as the markets may recover on the back of RIL up move which can save the markets if it trades above 2120 level and weak below 2104-06 level. The RIL got support at 2125. The ONGC is weak below 1015-18 level and good above 1040 level which may not possible to day(yesterday expected).But see the ONGC move today made, regidtered low at 1040.
I categorically mentioned in my previous posts as …. The Nifty as earlier said has support at 4280 level but it shall not trade below that level as it is a sacrosanct level with a small consideration up to 4240 level that could become as a last chance. The upper side pressure are used as opportunities to buy the stocks, enables the Bulls to run smoothly “turf clearing” exercise for a big up side move.
I clearly mentioned in the morning about the stock specific action and the equities fall in line with global action, likely take off at stocks like SBI, Relcap, ICICI bank, DLF, JP, RCOM and even Cairn fell as expected in the morning, the moves gone in our favour as the crude crashed even to 104 dollars breaching the 110-115 band.
Please try to read my earlier posts for better understanding of this situation.
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 regular readers will notice the developments and the levels suggested were in line with the performance of the markets. A copy of the earlier suggestion will be pasted for study and reference……
Yester day posted as the markets may recover on the back of RIL up move which can save the markets if it trades above 2120 level and weak below 2104-06 level. The RIL got support at 2125. The ONGC is weak below 1015-18 level and good above 1040 level which may not possible to day(yesterday expected).But see the ONGC move today made, regidtered low at 1040.
I categorically mentioned in my previous posts as …. The Nifty as earlier said has support at 4280 level but it shall not trade below that level as it is a sacrosanct level with a small consideration up to 4240 level that could become as a last chance. The upper side pressure are used as opportunities to buy the stocks, enables the Bulls to run smoothly “turf clearing” exercise for a big up side move.
I clearly mentioned in the morning about the stock specific action and the equities fall in line with global action, likely take off at stocks like SBI, Relcap, ICICI bank, DLF, JP, RCOM and even Cairn fell as expected in the morning, the moves gone in our favour as the crude crashed even to 104 dollars breaching the 110-115 band.
Please try to read my earlier posts for better understanding of this situation.
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.
Welcome SubbaRao….
The hearty welcome to Subba Rao to the helm of affairs at RBI to give a jubilant growth oriented financial directions to Indian economy.
The markets are good to hold above the immediate support level at 4280 level. The markets are likely to get more room to go upward as the resistance is decreasing. The SGX Nifty is now trading flat at 4370 with positive bias. The Hang Seng is struggling to stay above positive territory by 5 points but the Nikkei is in positive territory with 60 points up.
The markets move now will be determined by the global equity movements. The local news triggers are now company specific. The Suzlon buy in RE power reaches to 90% stake- the stock is good above 220 level and has bottom support at 208 and at 203.
The long drawn dispute went in favour of RCOM with Tata Communications may give some boost to the sagging stock price to float above 393 level, good above 406-05 weak below 381.
The fall in crude prices may dampen the Cairn but will help the BPCL, HPCL and the aviation sector.
The Tata Steel plans to buy the mine reserves may help the stock to move up as a temporary relief, good above 591 and may move to 640 level in line with the market movement.
The banking sector especially the SBI is good above 1375 level and can be considered that the markets lost the steam if it falls below 1340 level. For today, good above 1408-06 level may touch 1460 level.
The ICICI bank is good above 672 level and weak below 659 level, likely to touch 720 level in the coming days. The Relcap is struggling to cross the resistance at 1420-40 range which may live for some more time. It is good above 1380 level but weak below 1349 level.
The DLF could cross the 491 resistance may touch 540 level for today it has resistance at 509-11 level and once 515 resistance crossed may rally to 540 level.
The JP is good above 163 level and weak below 159 level.
The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The markets are good to hold above the immediate support level at 4280 level. The markets are likely to get more room to go upward as the resistance is decreasing. The SGX Nifty is now trading flat at 4370 with positive bias. The Hang Seng is struggling to stay above positive territory by 5 points but the Nikkei is in positive territory with 60 points up.
The markets move now will be determined by the global equity movements. The local news triggers are now company specific. The Suzlon buy in RE power reaches to 90% stake- the stock is good above 220 level and has bottom support at 208 and at 203.
The long drawn dispute went in favour of RCOM with Tata Communications may give some boost to the sagging stock price to float above 393 level, good above 406-05 weak below 381.
The fall in crude prices may dampen the Cairn but will help the BPCL, HPCL and the aviation sector.
The Tata Steel plans to buy the mine reserves may help the stock to move up as a temporary relief, good above 591 and may move to 640 level in line with the market movement.
The banking sector especially the SBI is good above 1375 level and can be considered that the markets lost the steam if it falls below 1340 level. For today, good above 1408-06 level may touch 1460 level.
The ICICI bank is good above 672 level and weak below 659 level, likely to touch 720 level in the coming days. The Relcap is struggling to cross the resistance at 1420-40 range which may live for some more time. It is good above 1380 level but weak below 1349 level.
The DLF could cross the 491 resistance may touch 540 level for today it has resistance at 509-11 level and once 515 resistance crossed may rally to 540 level.
The JP is good above 163 level and weak below 159 level.
The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Monday, September 01, 2008
The bottom building….
The global weakness was defied by the Indian markets though the fall was used to build positions. The markets are in bottom building exercise that helps the Nifty to stay above 4285 level. Today Nifty made a high of 4365 and the low touched at 4281.35. Yesterday night posted as (….……The Nifty has bottom support at 4281-83 level, keeps the faith in the up move).
In the morning it was posted as ...(The markets may recover on the back of RIL up move which can save the markets if it trades above 2120 level and weak below 2104-06 level.
The ONGC is weak below 1015-18 level and good above 1040 level which may not possible to day.
The Tata Steel that recovered on Friday has to trade above 591 level and good above 605 level. The Sail is good above 151-53 level).
The RIL and ONGC saved the day with out further damage; markets welcomed the RIL’s decision to cancel the proposed idea to transfer the assets of KG basin. The metal stocks turned weak as expected and the banking counters maintained the previous trend developed on Friday.
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.
In the morning it was posted as ...(The markets may recover on the back of RIL up move which can save the markets if it trades above 2120 level and weak below 2104-06 level.
The ONGC is weak below 1015-18 level and good above 1040 level which may not possible to day.
The Tata Steel that recovered on Friday has to trade above 591 level and good above 605 level. The Sail is good above 151-53 level).
The RIL and ONGC saved the day with out further damage; markets welcomed the RIL’s decision to cancel the proposed idea to transfer the assets of KG basin. The metal stocks turned weak as expected and the banking counters maintained the previous trend developed on Friday.
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 continuation…….
The Bull move that filled confidence in the markets is likely to be challenged to day. The fall in the US and the weak Asian markets may fill distress in our markets. The SGX Nifty is now trading with 70 points loss at 4290 level, The Hang Seng is down by 375 points but the Nikkei is in negative territory with 180 points down.
The markets may recover on the back of RIL up move which can save the markets if it trades above 2120 level and weak below 2104-06 level. The ONGC is weak below 1015-18 level and good above 1040 level which may not possible to day. The Tata Steel that recovered on Friday has to trade above 591 level and good above 605 level. The Sail is good above 151-53 level.
The banking lot enthused by the falling inflation has support at the bottom level as they emerged to stay in positive territory with their 7 % up in Friday trades.
The reality sector which is dwindling, moving like pendulum may once again get the momentum once again. The DLF is weak below 485 and good above 491-93 level. The India Bulls real estate may face resistance at 291-93 level can touch 270-69 level. The sugar sector may find takers below 5-7% from the current levels. The Renuka is good at 103-105 level, Balrampur is good at 81-79 level. The level could become a very good opportunity to enter in an outperforming sector.
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 may recover on the back of RIL up move which can save the markets if it trades above 2120 level and weak below 2104-06 level. The ONGC is weak below 1015-18 level and good above 1040 level which may not possible to day. The Tata Steel that recovered on Friday has to trade above 591 level and good above 605 level. The Sail is good above 151-53 level.
The banking lot enthused by the falling inflation has support at the bottom level as they emerged to stay in positive territory with their 7 % up in Friday trades.
The reality sector which is dwindling, moving like pendulum may once again get the momentum once again. The DLF is weak below 485 and good above 491-93 level. The India Bulls real estate may face resistance at 291-93 level can touch 270-69 level. The sugar sector may find takers below 5-7% from the current levels. The Renuka is good at 103-105 level, Balrampur is good at 81-79 level. The level could become a very good opportunity to enter in an outperforming sector.
The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Sunday, August 31, 2008
The Years ahead ….
The Bulls combined effort to bring the Nifty to a better level was based on selectively risen stocks with low volumes. The global weakness is always threatening to emerging markets like India to move up.
The euphoria that was generated yester day may be well challenged by the Bears if the Nifty fails to trade above 4375-79 level and shall cross the 4411-14 level to confirm the bull strength. The Nifty has bottom support at 4281-83 level, keeps the faith in the up move.
The RIL has scrapped the bad idea of transferring the assets of KG basin to it subsidiaries when the stock tanked by 15% from its recent highs. The ONGC expansion plans were not so enthused the markets as they were treated as long-term investments that can protect the depleting reserves of Bombay high. The Tata Steel consolidated results were good but the falling steel prices threaten to keep the growth even though the raw material prices are also falling.
Now the markets ready to accept the info stocks dependant on US revenue resources are likely to be down graded as the chances of Obama winning the presidential elections improves. The clear down trend can be seen if Satyam trades below 405-401 level and Infy trades below 1640 level.
The infra structure stocks are likely to gain strength as the investments in India likely to see a sea change after the new govt. takes oath in office of power in May-09. The long-term investors can make a bargain hunting in the infra structure stocks. In short term the focus will be in commodity business as the demand expansion took place before a planned investment in resource expansion.
The 3G policy has big promise to Telecom stocks but the internet service providers will eat away big chunk of profits as the Internet- telephony is to explode in India.
The broad band service likely to took over the mobile communication as the govt. will to go video-conference in a big way in coming two-three years for better governance. The retail and manufacturing companies will use this opportunity for management of raw material and finished product. After three or four year’s time power generation and power trading will have great future as the planned projects will be operationalised by that time.
The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The euphoria that was generated yester day may be well challenged by the Bears if the Nifty fails to trade above 4375-79 level and shall cross the 4411-14 level to confirm the bull strength. The Nifty has bottom support at 4281-83 level, keeps the faith in the up move.
The RIL has scrapped the bad idea of transferring the assets of KG basin to it subsidiaries when the stock tanked by 15% from its recent highs. The ONGC expansion plans were not so enthused the markets as they were treated as long-term investments that can protect the depleting reserves of Bombay high. The Tata Steel consolidated results were good but the falling steel prices threaten to keep the growth even though the raw material prices are also falling.
Now the markets ready to accept the info stocks dependant on US revenue resources are likely to be down graded as the chances of Obama winning the presidential elections improves. The clear down trend can be seen if Satyam trades below 405-401 level and Infy trades below 1640 level.
The infra structure stocks are likely to gain strength as the investments in India likely to see a sea change after the new govt. takes oath in office of power in May-09. The long-term investors can make a bargain hunting in the infra structure stocks. In short term the focus will be in commodity business as the demand expansion took place before a planned investment in resource expansion.
The 3G policy has big promise to Telecom stocks but the internet service providers will eat away big chunk of profits as the Internet- telephony is to explode in India.
The broad band service likely to took over the mobile communication as the govt. will to go video-conference in a big way in coming two-three years for better governance. The retail and manufacturing companies will use this opportunity for management of raw material and finished product. After three or four year’s time power generation and power trading will have great future as the planned projects will be operationalised by that time.
The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Thursday, August 28, 2008
Want of policy decisions ?……
The surprising dullness in the number of interviews conducted by the Finance Minister and Commerce Minister generating anxious moments in the minds of the investors. There were no triumphant statements on the progress made or the hope generating public announcements either. There was some kind of tussle in the minds of the Ministers as they could not open themselves as usually due to some undisclosed monitoring/controlling.
The early signs of tapering of inflation curve may give some boost to the markets. The inflation was at 12.4 % Vs 12.63% on week on week basis. The markets peacefully crossed the August series with out any fire works as the heavy weights already shown the signals of weakness, made no trouble to Bears.
As suggested in the morning the RIL did not touched 2185 level, made a high of 2168. In my earlier posts suggested that in case RIL trades below 2173 level a free fall is expected but that time it bounced back from 2153 level, begining of August series. The Tata Steel made a high of 589, RCOM made a high of 402.50. The Bharti made a high of 822.90 and a low of 796.35, could pierce the resistance at 818-19 level but could not trade above that level, it took support at 795-96 level. The ONGC made a high of 1019.90 and took support above 985 level.(….There was no change in the levels of Nifty but RIL has to trade above 2185 for up move, RCOM above 405-06 level and Tata Steel above 591, Bharti good above 818 and ONGC good above 1018-20 level).
The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The early signs of tapering of inflation curve may give some boost to the markets. The inflation was at 12.4 % Vs 12.63% on week on week basis. The markets peacefully crossed the August series with out any fire works as the heavy weights already shown the signals of weakness, made no trouble to Bears.
As suggested in the morning the RIL did not touched 2185 level, made a high of 2168. In my earlier posts suggested that in case RIL trades below 2173 level a free fall is expected but that time it bounced back from 2153 level, begining of August series. The Tata Steel made a high of 589, RCOM made a high of 402.50. The Bharti made a high of 822.90 and a low of 796.35, could pierce the resistance at 818-19 level but could not trade above that level, it took support at 795-96 level. The ONGC made a high of 1019.90 and took support above 985 level.(….There was no change in the levels of Nifty but RIL has to trade above 2185 for up move, RCOM above 405-06 level and Tata Steel above 591, Bharti good above 818 and ONGC good above 1018-20 level).
The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
August series closes…..
The markets are opening with a schedule; a day of expiry, roll over busy and the stock specific action is more focused. The Nifty did not made any good move from the earlier July closing was at 4333, yesterday closing was at 4292.
The nearly 40 down from previous closing made some significant changes in the stock prices. There are serious looser stocks like ABAN down by Rs 365/-, ACC down by Rs 26.5/-, AMTEK AUTO down by Rs 32/-, BANKINDIA down by Rs 20/-, BEL down by Rs 38.5/-, BHUSHANSTEEL down by Rs 79/-, BOMDYEING down by Rs 73.5/-, BPCL down by Rs 30/-, CHENNAIPETRO down by Rs 40/-, JINDALSTEEL down by Rs 197/-, LITL down by Rs 22./-, LITL down by Rs 22./-, LITL down by Rs 22./-, LITL down by Rs 22/-, NDTV down by Rs 76./-, RCOM down by Rs 102./-, RELCAP down by Rs 28./-, RELIANCE down by Rs 58./-, RNRL down by Rs 5./-, SBIN down by Rs 82./-, TATAPOWER down by Rs 144./-, TATASTEEL down by Rs 46./- and SUZLON down by Rs 18./-.
There was no change in the levels of Nifty but RIL has to trade above 2185 for up move, RCOM above 405-06 level and Tata Steel above 591, Bharti good above 818 and ONGC good above 1018-20 level.
The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The nearly 40 down from previous closing made some significant changes in the stock prices. There are serious looser stocks like ABAN down by Rs 365/-, ACC down by Rs 26.5/-, AMTEK AUTO down by Rs 32/-, BANKINDIA down by Rs 20/-, BEL down by Rs 38.5/-, BHUSHANSTEEL down by Rs 79/-, BOMDYEING down by Rs 73.5/-, BPCL down by Rs 30/-, CHENNAIPETRO down by Rs 40/-, JINDALSTEEL down by Rs 197/-, LITL down by Rs 22./-, LITL down by Rs 22./-, LITL down by Rs 22./-, LITL down by Rs 22/-, NDTV down by Rs 76./-, RCOM down by Rs 102./-, RELCAP down by Rs 28./-, RELIANCE down by Rs 58./-, RNRL down by Rs 5./-, SBIN down by Rs 82./-, TATAPOWER down by Rs 144./-, TATASTEEL down by Rs 46./- and SUZLON down by Rs 18./-.
There was no change in the levels of Nifty but RIL has to trade above 2185 for up move, RCOM above 405-06 level and Tata Steel above 591, Bharti good above 818 and ONGC good above 1018-20 level.
The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Tuesday, August 26, 2008
The consolidation move………
The markets are moving in arrange of 120-150 points between 4280 to 4420 level for the last one week. The market is neither in favour of Bulls nor for Bears as the consolidation is in process. The markets lost the volume drive due to higher expectations. The stock specific move making the traders confused and the investors surprised.
As expected in the morning, the Nifty made a low of 4283.3 and a high of 4345.05, closed at 4337.50, a close nearer to the previous day closing. (…..the Nifty as earlier said has support at 4280 level but it shall not trade below that level as it is a sacrosanct level with a small consideration up to 4240 level that could become as a last chance). The markets could with stand the Bear pressure due to weak US cues and the falling Asian markets.
The regular readers will observe the RIL strong above 2220 level and weak below 2193 level which was nose dived during the early trade to 2146 level. The same is true with ONGC got support at 980 level, started the up move to 1025 level. The Bharti case is also the same as it did not trade below 793 in spite of the repeated attempts made by the Bears. The RPL took support at 156 level and tried to cross the resistance at 161 level. The markets are expecting the political equations be neutralized, as the harsh statements on RIL & RPL worked well to dry up the volumes, thanks to the vindictive nature of the propping allies.
As expected in the morning, the Nifty made a low of 4283.3 and a high of 4345.05, closed at 4337.50, a close nearer to the previous day closing. (…..the Nifty as earlier said has support at 4280 level but it shall not trade below that level as it is a sacrosanct level with a small consideration up to 4240 level that could become as a last chance). The markets could with stand the Bear pressure due to weak US cues and the falling Asian markets.
The regular readers will observe the RIL strong above 2220 level and weak below 2193 level which was nose dived during the early trade to 2146 level. The same is true with ONGC got support at 980 level, started the up move to 1025 level. The Bharti case is also the same as it did not trade below 793 in spite of the repeated attempts made by the Bears. The RPL took support at 156 level and tried to cross the resistance at 161 level. The markets are expecting the political equations be neutralized, as the harsh statements on RIL & RPL worked well to dry up the volumes, thanks to the vindictive nature of the propping allies.
The global weakness….
The weakness in the global cues and the red in Asian markets may put pressure on our markets too. The challenge is to see how much strength in the markets to absorb the selling pressure and the resilience to keep the neck out to say “I am Strong”.
The SGX Nifty is trading 30 points discount to yesterday closing. The SGX Nifty is now at 4300 level. The Hang Seng with its robust yesterday move slide only one fourth but Nikkei lost all the gains made yesterday. The closing of august series will influence the markets rather than the outside clues.
The Nifty as earlier said has support at 4280 level but it shall not trade below that level as it is a sacrosanct level with a small consideration up to 4240 level that could become as a last chance. The upper side pressure are used as opportunities to buy the stocks, enables the Bulls to run smoothly “turf clearing” exercise for a big up side move. The distress selling will affect the sentiment that may propel further selling, unwinding of longs and lack of buying support may cause a irrepairable loss at this juncture.
The RIL, ONGC, RPL, Bharti, Infy and SAIL stocks levels are at previous levels. By the closing of Aug series it is very likely that the Tata Steel may bounce to 620-28 level, Tata power may recover 50-60 rupees. The RCOM is good above 403-05 level may rally to 430 when it crosses and trades above 415 resistance.
The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The SGX Nifty is trading 30 points discount to yesterday closing. The SGX Nifty is now at 4300 level. The Hang Seng with its robust yesterday move slide only one fourth but Nikkei lost all the gains made yesterday. The closing of august series will influence the markets rather than the outside clues.
The Nifty as earlier said has support at 4280 level but it shall not trade below that level as it is a sacrosanct level with a small consideration up to 4240 level that could become as a last chance. The upper side pressure are used as opportunities to buy the stocks, enables the Bulls to run smoothly “turf clearing” exercise for a big up side move. The distress selling will affect the sentiment that may propel further selling, unwinding of longs and lack of buying support may cause a irrepairable loss at this juncture.
The RIL, ONGC, RPL, Bharti, Infy and SAIL stocks levels are at previous levels. By the closing of Aug series it is very likely that the Tata Steel may bounce to 620-28 level, Tata power may recover 50-60 rupees. The RCOM is good above 403-05 level may rally to 430 when it crosses and trades above 415 resistance.
The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Monday, August 25, 2008
The BEST chance to overcome……
The markets are consolidating at this stage where the Nifty made some anchor at 4200-4300 level.
The markets very likely to move further to 5100 level if it trades above 4500 level (with out touching 4080-4100 level) which is very crucial resistance to cross, other wise the markets likely to see one more deep correction that could take back first to 3500 level, later to 3180-3130 level, if worst case developed then to a level that was available at 2940-3040 range, came in the last week of July-06.
The July, 2006 levels may not come to Nifty as it undergone a series of changes in the composition, higher capitalization stocks like DLF, UNITECH, Power Grid, now the Rpower being included by 10th Sep-08.
The Indian markets are taking the earlier lead while falling and even in the rise, but the global crisis may not let it move in unidirectional up move. At the current valuations, the age old thumb rule method of identifying the stocks like P/E is still high at 18.25 as per NSE, when compared to the historic movements.
The recent worry that has developed in the investors mind was due to the high valuations enjoyed few months back are not available inspite of good earnings. As a matter of fact these things were already discounted by the markets, factored in good news can never trigger up move. So those sweet memories are now sweated, cannot be demanded then the euphoria generated was to attract the scapegoats to distribute and make HARD CASH. Those deceived lots have to throw away the acquired valuable assets as useless scrap, then the markets will bounce with vengeance for that insult, until then just get in and get out.
The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The markets very likely to move further to 5100 level if it trades above 4500 level (with out touching 4080-4100 level) which is very crucial resistance to cross, other wise the markets likely to see one more deep correction that could take back first to 3500 level, later to 3180-3130 level, if worst case developed then to a level that was available at 2940-3040 range, came in the last week of July-06.
The July, 2006 levels may not come to Nifty as it undergone a series of changes in the composition, higher capitalization stocks like DLF, UNITECH, Power Grid, now the Rpower being included by 10th Sep-08.
The Indian markets are taking the earlier lead while falling and even in the rise, but the global crisis may not let it move in unidirectional up move. At the current valuations, the age old thumb rule method of identifying the stocks like P/E is still high at 18.25 as per NSE, when compared to the historic movements.
The recent worry that has developed in the investors mind was due to the high valuations enjoyed few months back are not available inspite of good earnings. As a matter of fact these things were already discounted by the markets, factored in good news can never trigger up move. So those sweet memories are now sweated, cannot be demanded then the euphoria generated was to attract the scapegoats to distribute and make HARD CASH. Those deceived lots have to throw away the acquired valuable assets as useless scrap, then the markets will bounce with vengeance for that insult, until then just get in and get out.
The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The belied move…
The hope that was generated from the overseas markets was belied as the Nifty failed to trade above 4363 level as the strong resistance made the Bears to cash the opportunity to sell at higher prices in the morning.The Nifty high touched was 4398.80 and the low recorded was at 4317.95 for this day and closed at 4335.35 level. As posted earlier dt 24-08-08……….. The Nifty was at the verge of the collapse incase if it fails to add at least 70 points to trade above the 4397 level.
The Nifty is technically in sell situation but the gravity was not so serious. The Need to trade above 4350-60 level to mitigate the bear pressure and some buying coupled with short covering may emerge above 4400 as the expiry will close by Thursday, 4 trading sessions away. The Nifty shall not trade below the support level at 4280 to see the up move in future).
The RIL has made a decent move by crossing the 2264 resistance but selling pressure brought it down to 2230 level. The ONGC has made good come back, trading above the support level at 1020 level but failed to cross the resistance.
The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The Nifty is technically in sell situation but the gravity was not so serious. The Need to trade above 4350-60 level to mitigate the bear pressure and some buying coupled with short covering may emerge above 4400 as the expiry will close by Thursday, 4 trading sessions away. The Nifty shall not trade below the support level at 4280 to see the up move in future).
The RIL has made a decent move by crossing the 2264 resistance but selling pressure brought it down to 2230 level. The ONGC has made good come back, trading above the support level at 1020 level but failed to cross the resistance.
The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The nervous week to start….
The markets likely to open with positive bias above 4345 level and may cross the resistance at 4360 level, the challenge is to see that the Nifty to close above that level and cross the resistance at 4414 and at 4450 level then it will become as a confirmation of the up move triggered from first week of July is intact. The biggest problem at this point in time is that the inflation related sectors weakening and placing heavy weight on the Nifty.
The RIL has to trade above 2230 and cross the resistance at 2265 level, The ONGC the torch bearer of the up move has to live up to the expectations of the Bulls by trading above 1050 level, Bharti need to trade above 830 level then the strong counters will automatically gain their strength and can generate rally in Nifty to cross the 4680-4700 resistance. The metal counters, banking may find buyers.
The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The RIL has to trade above 2230 and cross the resistance at 2265 level, The ONGC the torch bearer of the up move has to live up to the expectations of the Bulls by trading above 1050 level, Bharti need to trade above 830 level then the strong counters will automatically gain their strength and can generate rally in Nifty to cross the 4680-4700 resistance. The metal counters, banking may find buyers.
The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Sunday, August 24, 2008
At the edge…..
The Nifty was at the verge of the collapse incase if it fails to add at least 70 points to trade above the 4397 level at the earliest, atleast by close Tuesday. The Nifty is technically in sell situation but the gravity was not so serious. The Nifty need to trade above 4350-60 level to mitigate the bear pressure and some buying coupled with short covering may emerge above 4400 as the expiry will close by Thursday, 4 trading sessions away. The Nifty shall not trade below the support level at 4280 to see the up move in future.
The strong counters are in a band and the weak counters are getting weaker as the Nifty movement is to Southwards. The markets are likely to gain strength to loose the bear grip when the Nifty crosses the 4500 level, the stocks that need to trade above their strong resistance levels; the SBI has to trade above 1540-50 level, the Relcap has to trade above 1420-25 level, the RCOM has to trade above 450 level, the DLF has to trade above 550-60 level, the momentum scrips like RNRL has to trade above 106-08 level, until then the markets are in bear grip.
The strong counters are in a band and the weak counters are getting weaker as the Nifty movement is to Southwards. The markets are likely to gain strength to loose the bear grip when the Nifty crosses the 4500 level, the stocks that need to trade above their strong resistance levels; the SBI has to trade above 1540-50 level, the Relcap has to trade above 1420-25 level, the RCOM has to trade above 450 level, the DLF has to trade above 550-60 level, the momentum scrips like RNRL has to trade above 106-08 level, until then the markets are in bear grip.
Friday, August 22, 2008
The consolation move….
The weakness in the Nifty stocks was mitigated due to the rise made by the RIL, ONGC, RPL, Bharti, RCOM, BHEL, Rel Infra and Infosys. As expected the Nifty got support at 4248 (…The Nifty will get support at 4251-49 level…) but the problems of selling at hibher level was not reduced. So the markets need much more favourable news to rise from this gloomy situation.
The Nifty lost more than 130 points yesterday and recovered nearly 43 points, a consolation move to the brave heart Bull. The Nifty lost more than 100 points on week on week basis and 5 less when compared with the July series closing.
The banks especially the private sector banks made some come back, fertilsers and Sugar stocks continued to do well.
The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The Nifty lost more than 130 points yesterday and recovered nearly 43 points, a consolation move to the brave heart Bull. The Nifty lost more than 100 points on week on week basis and 5 less when compared with the July series closing.
The banks especially the private sector banks made some come back, fertilsers and Sugar stocks continued to do well.
The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Want of energy…..
The markets are facing resistance to make an up move right from it failed to trade above 4600 level. The fall is good and can be considered as consolidation so long as it trades above 4416 or 4400 level. But the markets failed to live up to the expectations of the Bulls who committed positions as it could rallied up to 4650 level from 3800 level and the there was so much of relief from the crude front.
The internal, non negotiable challenge to the Govt. is maintaining growth with inflation under controle. The Govt. is willing to sacrifice growth but not the escalating inflation that could become very costly if it chooses to face early elections. The inflation numbers are at 12.63%, though the rate of growth is slow but high in numbers.
The top news: The Health care with Insurance-schemes- as mater of fact the real opening of sunrise sector with huge potential untapped. The N-deal will go through at NSG meeting- will benefit lot more industries as earlier discussed. The existing inflation numbers no longer suitable to reality sector and the auto sector. The situation can be favourably understood; monetary pressures likely to have eased out when the low of UNITECH becomes 181-83 and the high crosses 195 level.
The RCOM is also a GSM operator, existing GSM operators agreed to give interconnection, RCOM is good above 405-06 level and very good if it trades above 418-21 level. The important news could change the RIL & RNRL gas dispute is that the Ambani’s may meet at home to settle rather than in court.
The Nifty heavy weights are weak except RIL and Infy. The RIL will boost the Nifty if could trade above 2230 and may drag further if it trades below 2190 level. The ONGC need to bounce back to 1050 levels and shall cross the resistance at 1070.
The Nifty is likely to open due the negative sentiment of yesterday sell off and weak Asian markets. The Nifty loosing one support after one support and the numbers are drifting lower. The Nifty will get support at 4251-49 level and the second from where the bounce is expected at 4230-26 level.
The banks and reality stocks likely to be under pressure but the metals may find some buying. The RNRL is worth watching, good above 96 level. The GMR Infra is in news, good above 104-05 but very unlikely that it could trade above that level. The Nagarjuna constructions though finding support at 125 levels but struggling hard to cross the 145-48 resistance is in news.
The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The internal, non negotiable challenge to the Govt. is maintaining growth with inflation under controle. The Govt. is willing to sacrifice growth but not the escalating inflation that could become very costly if it chooses to face early elections. The inflation numbers are at 12.63%, though the rate of growth is slow but high in numbers.
The top news: The Health care with Insurance-schemes- as mater of fact the real opening of sunrise sector with huge potential untapped. The N-deal will go through at NSG meeting- will benefit lot more industries as earlier discussed. The existing inflation numbers no longer suitable to reality sector and the auto sector. The situation can be favourably understood; monetary pressures likely to have eased out when the low of UNITECH becomes 181-83 and the high crosses 195 level.
The RCOM is also a GSM operator, existing GSM operators agreed to give interconnection, RCOM is good above 405-06 level and very good if it trades above 418-21 level. The important news could change the RIL & RNRL gas dispute is that the Ambani’s may meet at home to settle rather than in court.
The Nifty heavy weights are weak except RIL and Infy. The RIL will boost the Nifty if could trade above 2230 and may drag further if it trades below 2190 level. The ONGC need to bounce back to 1050 levels and shall cross the resistance at 1070.
The Nifty is likely to open due the negative sentiment of yesterday sell off and weak Asian markets. The Nifty loosing one support after one support and the numbers are drifting lower. The Nifty will get support at 4251-49 level and the second from where the bounce is expected at 4230-26 level.
The banks and reality stocks likely to be under pressure but the metals may find some buying. The RNRL is worth watching, good above 96 level. The GMR Infra is in news, good above 104-05 but very unlikely that it could trade above that level. The Nagarjuna constructions though finding support at 125 levels but struggling hard to cross the 145-48 resistance is in news.
The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Want of energy…..
The markets are facing resistance to make an up move right from it failed to trade above 4600 level. The fall is good and can be considered as consolidation so long as it trades above 4416 or 4400 level. But the markets failed to live up to the expectations of the Bulls who committed positions as it could rallied up to 4650 level from 3800 level and the there was so much of relief from the crude front.
The internal, non negotiable challenge to the Govt. is maintaining growth with inflation under controle. The Govt. is willing to sacrifice growth but not the escalating inflation that could become very costly if it chooses to face early elections. The inflation numbers are at 12.63%, though the rate of growth is slow but high in numbers.
The top news: The Health care with Insurance-schemes- as mater of fact the real opening of sunrise sector with huge potential untapped. The N-deal will go through at NSG meeting- will benefit lot more industries as earlier discussed. The existing inflation numbers no longer suitable to reality sector and the auto sector. The situation can be favourably understood; monetary pressures likely to have eased out when the low of UNITECH becomes 181-83 and the high crosses 195 level.
The RCOM is also a GSM operator, Adlab mergers with Big film. The important news could change the RIL & RNRL gas dispute is that the Ambani’s may meet at home to settle rather than in court.
The nifty heavy weights are weak except RIL and Infy. The RIL will boost the Nifty if could trade above 2230 and may drag further if it trades below 2190 level. The ONGC need to bounce back to 950 levels and shall cross the resistance at 970.
The Nifty is likely to open due the negative sentiment of yesterday sell off and weak Asian markets. The Nifty loosing one support after one support and the numbers are drifting lower. The Nifty will get support at 4251-49 level and the second from where the bounce is expected at 4230 level.
The banks and reality stocks likely to be under pressure but the metals may find some buying. The RNRL is worth watching, good above 96 level. The GMR Infra is in news, good above 104-05 but very unlikely that it could trade above that level. The Nagarjuna constructions though finding support at 125 levels but struggling hard to cross the 145-48 resistance is in news.
The internal, non negotiable challenge to the Govt. is maintaining growth with inflation under controle. The Govt. is willing to sacrifice growth but not the escalating inflation that could become very costly if it chooses to face early elections. The inflation numbers are at 12.63%, though the rate of growth is slow but high in numbers.
The top news: The Health care with Insurance-schemes- as mater of fact the real opening of sunrise sector with huge potential untapped. The N-deal will go through at NSG meeting- will benefit lot more industries as earlier discussed. The existing inflation numbers no longer suitable to reality sector and the auto sector. The situation can be favourably understood; monetary pressures likely to have eased out when the low of UNITECH becomes 181-83 and the high crosses 195 level.
The RCOM is also a GSM operator, Adlab mergers with Big film. The important news could change the RIL & RNRL gas dispute is that the Ambani’s may meet at home to settle rather than in court.
The nifty heavy weights are weak except RIL and Infy. The RIL will boost the Nifty if could trade above 2230 and may drag further if it trades below 2190 level. The ONGC need to bounce back to 950 levels and shall cross the resistance at 970.
The Nifty is likely to open due the negative sentiment of yesterday sell off and weak Asian markets. The Nifty loosing one support after one support and the numbers are drifting lower. The Nifty will get support at 4251-49 level and the second from where the bounce is expected at 4230 level.
The banks and reality stocks likely to be under pressure but the metals may find some buying. The RNRL is worth watching, good above 96 level. The GMR Infra is in news, good above 104-05 but very unlikely that it could trade above that level. The Nagarjuna constructions though finding support at 125 levels but struggling hard to cross the 145-48 resistance is in news.
The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Thursday, August 21, 2008
The bottoms wiped…….
The bottom supports of many stocks wiped out once the Nifty lost the support at 4396 level. The Nifty faced resistance at 4418 level itself. The move below the 4396 level triggered heavy sell off and the long positions winding pulled the indices to a previous expected level that even damaged due this heavy selling in Banking and reality sector. (In the earlier post it was mentioned about the levels titled as … The weakening of stocks…dt19-08-2008… the Nifty is having resistance at 4451-53 level, good if it could trade above 4416 -18 level, the first support in the down move 4336-30 level and the best for this day is at 4302-4296 level. Good luck).
The Bharti failed to cross the high of 818, RCOM to cross 418, RPL failed to move above 163 level and RIL to cross the 1264 levels. The positive side even in the steep fall is that the RIL could stay above 2000 level. The good part of the day is that the SAIL stood against the trend made some accumulation. The star of the heavy weight is RANBAXY that rallied to 515+ levels.
The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The Bharti failed to cross the high of 818, RCOM to cross 418, RPL failed to move above 163 level and RIL to cross the 1264 levels. The positive side even in the steep fall is that the RIL could stay above 2000 level. The good part of the day is that the SAIL stood against the trend made some accumulation. The star of the heavy weight is RANBAXY that rallied to 515+ levels.
The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The big news…
The markets are flooded with big news on major investments by companies. ONGC buys the assets of Imperial Energy for $3 billion dollars. The RIL joins hands with Petrobras for petrochemical industries, RPL commissions its refinery by Sep-08, The RCOM-Big TV launch and IPVT plans, i-Phone sales by Bharti and Vodafone, Tata Motors changed plans in Rights issue, Maruti big plans to stabilize the margins and increasing of sales. Above all the NSG is meeting today and tomorrow to clear the proposal made by India’s nuclear plans.
The US markets recovered from the lows and our ADRs rallied but the Asian markets are sinking in red is the big concern for today.
The Nifty may find resistance to cross the 4461-63 level, the first resistance at 4445-47 level has to be crossed with ease. The news flow is good but the concerns are also compressing the move. The bottom support at 4393-96 is crucial and any major sell off in RIL, ONGC DLF and Bharti may change the direction.
The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The US markets recovered from the lows and our ADRs rallied but the Asian markets are sinking in red is the big concern for today.
The Nifty may find resistance to cross the 4461-63 level, the first resistance at 4445-47 level has to be crossed with ease. The news flow is good but the concerns are also compressing the move. The bottom support at 4393-96 is crucial and any major sell off in RIL, ONGC DLF and Bharti may change the direction.
The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Wednesday, August 20, 2008
The narrow move…..
Though our neighbouring markets in China rose by more than 7%, Hang Seng rallied, we were adjusted for mere good opening to a range of 69 points, on closing basis it is only 47 points added. Can we take this consolidation as an opportunity for tomorrow big move?.
As expected earlier, the Nifty could open at 4361-63 level (low at 4365.45 and high at 4434.90) and crossed the first resistance at 4431-33, closed above the 4415-16 level that is required to expect some positive move from the markets.
The RIL and RCOM move positively to the news as expected. The good thing to note is that the Bharti could cross the resistance at 816-18 level, RCOM could cross 415-16 level. The move in Bharti shall propel a good move to cross the 835 resistance and could trade above 820 levels will give boost to the markets.
The small caps moved, especially the IT stocks gained apart from the fertilizer pack. The new addition of 39 stocks in F&O may increase the over all NSE turnover but the small and mid caps are turning suicide spots in the case of wild swings either side, easily managed by the vested interest groups. It is highly advisable to stick to top 20-30 stocks are with high liquidity with easy exit route.
The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
As expected earlier, the Nifty could open at 4361-63 level (low at 4365.45 and high at 4434.90) and crossed the first resistance at 4431-33, closed above the 4415-16 level that is required to expect some positive move from the markets.
The RIL and RCOM move positively to the news as expected. The good thing to note is that the Bharti could cross the resistance at 816-18 level, RCOM could cross 415-16 level. The move in Bharti shall propel a good move to cross the 835 resistance and could trade above 820 levels will give boost to the markets.
The small caps moved, especially the IT stocks gained apart from the fertilizer pack. The new addition of 39 stocks in F&O may increase the over all NSE turnover but the small and mid caps are turning suicide spots in the case of wild swings either side, easily managed by the vested interest groups. It is highly advisable to stick to top 20-30 stocks are with high liquidity with easy exit route.
The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The weakness persists…..
The Nifty could save the damage from recovering from the lows of 4316 level to 4380 level and the Aug premium increase substantially. The lows of Nifty may be challenged today once again due to poor global cues. The problem right now is that the Nifty heavy weights are in Southward move be it Bharti, RCOM, RIL, Tata Steel, ICICI, DLF and Unitech; some are in consolidation like Rel infra, SBI, LT, Bhel, ONGC, Infy, WIPRO, TCS and NTPC. The situation needs to be changed to positive performance, only possible when the FIIs start buying in a big way. These group companies are breaking their heads to change their face at their home. So the markets may live with the positive support from the crude as they are. The global cues may not trigger big rally before Oct-08, US may see some rally before their presidential polls.
The RIL and RCOM in news may get some favour from markets. The markets are likely to open flat at the support level at 4361-63 level with some positive bias. The levels of Nifty are in the range of yesterday levels. The challenge is how RIL will react to the news. The Markets get energy when the RIL bounces back and trade above 2285 level.
The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The RIL and RCOM in news may get some favour from markets. The markets are likely to open flat at the support level at 4361-63 level with some positive bias. The levels of Nifty are in the range of yesterday levels. The challenge is how RIL will react to the news. The Markets get energy when the RIL bounces back and trade above 2285 level.
The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Tuesday, August 19, 2008
The weakening of stocks…..
The real problem with the Nifty is that the heavy weights are now in bear grip except ONGC, LT, BHEL are in consolidation mode. In case these counters fail to stand up to the cause then the sentiment will become worse, which can lead the markets below 4000 level. As of now the momentum become weak but the bottoms are still in tact. So the markets are looking for some short term triggers to take back to 4600 level.
The Inflation is still causing the damage; the RBI may again put some fiscal measure if it finds the inflation scale up in food items then the challenge will be more challenging. The only positive factor right now is the MONSOON.
The Nifty may find support at earlier suggested level and the real challenge for this day is to cross the 4461-63 resistance with ease.
The stocks that are important to observe are Bharti and ONGC. The Bharti shall cross the 819-21 level resistances and ONGC shall trade above 1085 for an hour and shall cross the 1096 resistance to see the strength of market at this point in time is intact.
In my earlier write-up (Real bull move….dt.8-8-08) it was mentioned that the Essar oil may correct further and bounce back from 216-18 level. Today it could close at that level, the best support available at 203-05 level and the markets lost more than 250 points with out any interruption.
The SGX Nifty is now trading with 56 points down, The Hang Seng is down by 125 points but the Nikkei lost more than 340 points, yesterday it could stay in positive territory.
To find the halt in the down ward move, it is good to observe that the SBI shall not trade below 1360-65 level, Bhel shall not trade below 1550-45 level, LT shall not trade below 2530-40 level and ONGC shall not trade below 980 level.
Most of the stocks are showing skewed moves that may cause confusion while trading. So let the dust settles and the confusion vanish in one or two days.
The Nifty is having resistance at 4451-53 level, good if it could trade above 4416 -18 level, the first support in the down move is at 4336-30 level and the best for this day is at 4302-4296 level. Good luck.
The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The Inflation is still causing the damage; the RBI may again put some fiscal measure if it finds the inflation scale up in food items then the challenge will be more challenging. The only positive factor right now is the MONSOON.
The Nifty may find support at earlier suggested level and the real challenge for this day is to cross the 4461-63 resistance with ease.
The stocks that are important to observe are Bharti and ONGC. The Bharti shall cross the 819-21 level resistances and ONGC shall trade above 1085 for an hour and shall cross the 1096 resistance to see the strength of market at this point in time is intact.
In my earlier write-up (Real bull move….dt.8-8-08) it was mentioned that the Essar oil may correct further and bounce back from 216-18 level. Today it could close at that level, the best support available at 203-05 level and the markets lost more than 250 points with out any interruption.
The SGX Nifty is now trading with 56 points down, The Hang Seng is down by 125 points but the Nikkei lost more than 340 points, yesterday it could stay in positive territory.
To find the halt in the down ward move, it is good to observe that the SBI shall not trade below 1360-65 level, Bhel shall not trade below 1550-45 level, LT shall not trade below 2530-40 level and ONGC shall not trade below 980 level.
Most of the stocks are showing skewed moves that may cause confusion while trading. So let the dust settles and the confusion vanish in one or two days.
The Nifty is having resistance at 4451-53 level, good if it could trade above 4416 -18 level, the first support in the down move is at 4336-30 level and the best for this day is at 4302-4296 level. Good luck.
The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Monday, August 18, 2008
The TRAI move….
The rules of the game are fast changing in the telecom sector. Now the markets likely to put pressure (short-term) on the tecom stocks but it is also an opportunity as these companies are already serving the customers with their broadband services. The challenge is how fast they could gear up to meet the demand to protect their revenues and the profits that will help to improve the market capitalization.
The RIL and RPL are dragging the indices and now the sentiment is at stake. In case markets fail to cross the 4495-4502 level by this weekend could be accepted as the markets likely to go below the 4000 level. In case the ONGC, SBI, BHEL and LT come to the rescue of the struggling bulls then the up move become easy as the sagging RIL pack may give member ship to RCOM and Bharti in their group.
The metal counters especially the ferrous sector got huge potential to out-perform in the coming 2009 calendar year along with the Sugar sector. The undisputed out performer of 2009 will be the sugar stocks right from Oct-08. This quarter will open doors for investments in Sugar industry, the second best could be in nuclear action. The next quarter may offer investments in gas, especially from RIL and the power equipment. The 2009 will see great opening in insurance sector after June-09. The Govt is serious in maintaining the pace in reforms that can attract huge investments in India, rapid economic growth that will become the best instrument to counter the higher level of inflation at this point in time. So the indiscriminate sell off in the Indian stocks for a throw away price can never be seen over next 3-5 years. The long-term investments with “accumulation concept” are the best way to tackle the current crisis.
For Stock Specific Action, Visit: www.intradaystockcalls.blogspot.com
The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The RIL and RPL are dragging the indices and now the sentiment is at stake. In case markets fail to cross the 4495-4502 level by this weekend could be accepted as the markets likely to go below the 4000 level. In case the ONGC, SBI, BHEL and LT come to the rescue of the struggling bulls then the up move become easy as the sagging RIL pack may give member ship to RCOM and Bharti in their group.
The metal counters especially the ferrous sector got huge potential to out-perform in the coming 2009 calendar year along with the Sugar sector. The undisputed out performer of 2009 will be the sugar stocks right from Oct-08. This quarter will open doors for investments in Sugar industry, the second best could be in nuclear action. The next quarter may offer investments in gas, especially from RIL and the power equipment. The 2009 will see great opening in insurance sector after June-09. The Govt is serious in maintaining the pace in reforms that can attract huge investments in India, rapid economic growth that will become the best instrument to counter the higher level of inflation at this point in time. So the indiscriminate sell off in the Indian stocks for a throw away price can never be seen over next 3-5 years. The long-term investments with “accumulation concept” are the best way to tackle the current crisis.
For Stock Specific Action, Visit: www.intradaystockcalls.blogspot.com
The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The tough fight….
The Bulls and bears made every effort to win over the other but finally Bulls eased the way but the strength is intact. The markets are likely to be in the range bound for some more time as the uncertainties are not eased out or the triggers for the rally are fired. As suggested in the morning the Nifty could not cross the resistance at 4465 and made a high of 4447.40 and the low touched at 4379.85, closed at 4393.05 level.
(….The Nifty has support level but failed to close above the resistance level at 4463-65 level. The Nifty may face now resistance at 4485-91 level but the support is at 4366-69 level. The Nifty may not breach the psychological support level at 4401-05 level, the Bulls might fight for that level).
The MARKET pulse check by STOCKOMETER: In the Stock Specific Action, suggested that the … RIL is good above 2285-93 level and become weak below 2251-45 level. The RIL high at 2290 and low at 2210.20
The ONGC is struggling to cross 1085 level but the support is at 1040 level. The ONGC still find it difficult to cross the resistance but took support at the support level. The high at 1085 and low at 1040.55
The Relcap is good above 1361-63 level; The Relcap high at 1354 and low at 1280.30
ICICI bank shall trade above the resistance at 703-705 level. The ICICI high at 689.70 and low at 660.75
The SBI is good above 1472 and weak below 1450 level. The SBI high at 1477.70 and low at 1425.10
The telecom giants fight may reflect in their prices also. The Bharti is good above 728-31 level. The high at 828.80 and low at 800.90
and RCOM is good above 436 level The high at 425.95 and low at 411.0 far below the support level.
The Tata Steel is good above 620-21 level and weak below 608-06 level. The high at 621.05 and low at 599
The Sail is good above 146 level. The high at 145 and low at 138.25
The DLF may find bottom support at 490-89 level, The high at 509 and low at 486.40
JP may get support at 168-69 level. The high at 176.5 and low at 167.55
Above all the RPL which is weak below 163 nose dived to 155 level. The High touched at 163.50 and the low was at 155.15
For Stock Specific Action, Visit: www.intradaystockcalls.blogspot.com
The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
(….The Nifty has support level but failed to close above the resistance level at 4463-65 level. The Nifty may face now resistance at 4485-91 level but the support is at 4366-69 level. The Nifty may not breach the psychological support level at 4401-05 level, the Bulls might fight for that level).
The MARKET pulse check by STOCKOMETER: In the Stock Specific Action, suggested that the … RIL is good above 2285-93 level and become weak below 2251-45 level. The RIL high at 2290 and low at 2210.20
The ONGC is struggling to cross 1085 level but the support is at 1040 level. The ONGC still find it difficult to cross the resistance but took support at the support level. The high at 1085 and low at 1040.55
The Relcap is good above 1361-63 level; The Relcap high at 1354 and low at 1280.30
ICICI bank shall trade above the resistance at 703-705 level. The ICICI high at 689.70 and low at 660.75
The SBI is good above 1472 and weak below 1450 level. The SBI high at 1477.70 and low at 1425.10
The telecom giants fight may reflect in their prices also. The Bharti is good above 728-31 level. The high at 828.80 and low at 800.90
and RCOM is good above 436 level The high at 425.95 and low at 411.0 far below the support level.
The Tata Steel is good above 620-21 level and weak below 608-06 level. The high at 621.05 and low at 599
The Sail is good above 146 level. The high at 145 and low at 138.25
The DLF may find bottom support at 490-89 level, The high at 509 and low at 486.40
JP may get support at 168-69 level. The high at 176.5 and low at 167.55
Above all the RPL which is weak below 163 nose dived to 155 level. The High touched at 163.50 and the low was at 155.15
For Stock Specific Action, Visit: www.intradaystockcalls.blogspot.com
The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The Nifty journey……..
The August journey of Nifty leads no where as the Nifty closed at 4414 on the opening day of the series. The Nifty closed on previous trading day was at 4431, net change was all most negligible.
The three days of holidays brought some positive news like Private PFs can in vest in equities, waiving of excise duty for the imports made on capital goods for UMPP but these are not enough to trigger upward journey but the jump in rising inflation to 12.4% is a big negative news, further tightening of fiscal measures, and possible investigations on the Forex accounting methods followed to avoid the losses by RIL, RCOM and Bharti may influence to weaken the upward movement of Nifty.
The global slowdown may restrict the equities that bring an opportunity in the form of consolidation. The Indian markets are no different to the global action but for those who want to avoid the long run on uncertainness may try to bet on “quarter on quarter” basis as the opportunity likely to emerge for some investments.
The short term indicators are now in favour of bears but the up ward momentum started from 1st July from a low of 3800 level to 4650 level is under correction. The bulls need to strengthen themselves as the events turning odd to them. The Nifty is having good support at 4300-30 level and very good support at 4140-60 level. So the consolidation period shall become an opportunity for investments.
The SGX Nifty is now trading with 30 points loss, The Hang Seng is down by 190 points but the Nikkei is in positive territory with 230 points gain.
The Nifty has support level but failed to close above the resistance level at 4463-65 level.
The Nifty may face now resistance at 4485-91 level but the support is at 4366-69 level. The Nifty may not breach the psychological support level at 4401-05 level, the Bulls might fight for that level.
For Stock Specific Action, Visit: www.intradaystockcalls.blogspot.com
The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The three days of holidays brought some positive news like Private PFs can in vest in equities, waiving of excise duty for the imports made on capital goods for UMPP but these are not enough to trigger upward journey but the jump in rising inflation to 12.4% is a big negative news, further tightening of fiscal measures, and possible investigations on the Forex accounting methods followed to avoid the losses by RIL, RCOM and Bharti may influence to weaken the upward movement of Nifty.
The global slowdown may restrict the equities that bring an opportunity in the form of consolidation. The Indian markets are no different to the global action but for those who want to avoid the long run on uncertainness may try to bet on “quarter on quarter” basis as the opportunity likely to emerge for some investments.
The short term indicators are now in favour of bears but the up ward momentum started from 1st July from a low of 3800 level to 4650 level is under correction. The bulls need to strengthen themselves as the events turning odd to them. The Nifty is having good support at 4300-30 level and very good support at 4140-60 level. So the consolidation period shall become an opportunity for investments.
The SGX Nifty is now trading with 30 points loss, The Hang Seng is down by 190 points but the Nikkei is in positive territory with 230 points gain.
The Nifty has support level but failed to close above the resistance level at 4463-65 level.
The Nifty may face now resistance at 4485-91 level but the support is at 4366-69 level. The Nifty may not breach the psychological support level at 4401-05 level, the Bulls might fight for that level.
For Stock Specific Action, Visit: www.intradaystockcalls.blogspot.com
The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Friday, August 15, 2008
Thursday, August 14, 2008
A day after expectations ………
The markets are about to correct yesterday but could wait for a day with some favourable news from SEBI on FII fund inflow, easing norms of P-notes but there was no such announcements disappointed the street, resulted in a steep sell off.
The Govt. formally approved the 6th pay commission with affect from 1st Jan-06, average salary increase of 21% to 50 lakh central govt employees. The estimated total of 29,000+cr of arrears and fresh commitment of 17,800 crs fund flow to the pockets of Indians can trigger spending on consumer durables and prepayment of house loans and some fresh commitments on real estate. The govt. spending on agriculture loan waiver and this offer could be to a tune of more than 1 lakh crore fund dispersal to spur the consumer spending can accelerate the growth, internal consumption effects can be felt after the Jan-09.
The MARKET pulse check by STOCKOMETER: In the morning asked the reader to accept the yesterday given level as there was not much change to mention.
The markets opened below 4509, fell through out the day, took a bounce from 4451-53 level and finally took the support at 4421 level as expected, happened a day later. Today markets could stay above 4421.25 level but failed to lead a bounce back to close above 4461 level is a concern to the Bulls. (Earlier post…The Nifty may find first support at 4461-56 level but the best could be at 4419-21 level. The closing shall be above the first support level can console the bulls).
The RIL did not cross the 2345 level and became weak below 2305 touched 2261.35. The ONGC did not cross the resistance at 1085, RCOM weak below 441 and touched 420.10, the SBI and Relcap and ICICI lost much gound below the support levels (…..RCOM may get support at 421-23 level, The SBI is weak below 1525-23 level. The Relcap will become weak below 1393 level)
For Stock Specific Action, Visit: www.intradaystockcalls.blogspot.com
The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The Govt. formally approved the 6th pay commission with affect from 1st Jan-06, average salary increase of 21% to 50 lakh central govt employees. The estimated total of 29,000+cr of arrears and fresh commitment of 17,800 crs fund flow to the pockets of Indians can trigger spending on consumer durables and prepayment of house loans and some fresh commitments on real estate. The govt. spending on agriculture loan waiver and this offer could be to a tune of more than 1 lakh crore fund dispersal to spur the consumer spending can accelerate the growth, internal consumption effects can be felt after the Jan-09.
The MARKET pulse check by STOCKOMETER: In the morning asked the reader to accept the yesterday given level as there was not much change to mention.
The markets opened below 4509, fell through out the day, took a bounce from 4451-53 level and finally took the support at 4421 level as expected, happened a day later. Today markets could stay above 4421.25 level but failed to lead a bounce back to close above 4461 level is a concern to the Bulls. (Earlier post…The Nifty may find first support at 4461-56 level but the best could be at 4419-21 level. The closing shall be above the first support level can console the bulls).
The RIL did not cross the 2345 level and became weak below 2305 touched 2261.35. The ONGC did not cross the resistance at 1085, RCOM weak below 441 and touched 420.10, the SBI and Relcap and ICICI lost much gound below the support levels (…..RCOM may get support at 421-23 level, The SBI is weak below 1525-23 level. The Relcap will become weak below 1393 level)
For Stock Specific Action, Visit: www.intradaystockcalls.blogspot.com
The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The crucial inflation numbers……
The evening results may affect the Nifty in advance during the day trade itself.
The SGX is down by 60+ as the US weakness in the last night and the Europe lost much yesterday may put pressure on the bulls. The different views of FM and the Economic advisory council to PM may bring some doubts to markets. The general view is that the markets may test the 4100 level, we have discussed the same in my earlier posts that the 4350-60 level is likely before it could make a fresh move. Even it fails to hold at that level the 4120 level will hold as the bottom formation at that level is very strong.
The Nifty could stay above the 4500 through out the day with great expectations from SEBI on P-Notes. Now the Nifty may open again below 4509 but this time it will go below 4990 level and test the previous post levels.
The Tata Steel in news of setting 45 lakh tones plant in Vietnam, Sail and Paswan are working together on Jharkhand’s Chaira mines.
The news that the rising wage bills of tech sector and duration while collecting dues from clients may squeeze the upward movement in tech stocks.
Most of the stocks are in the previous posted levels.So please consider the earlier levels for to day.
The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The SGX is down by 60+ as the US weakness in the last night and the Europe lost much yesterday may put pressure on the bulls. The different views of FM and the Economic advisory council to PM may bring some doubts to markets. The general view is that the markets may test the 4100 level, we have discussed the same in my earlier posts that the 4350-60 level is likely before it could make a fresh move. Even it fails to hold at that level the 4120 level will hold as the bottom formation at that level is very strong.
The Nifty could stay above the 4500 through out the day with great expectations from SEBI on P-Notes. Now the Nifty may open again below 4509 but this time it will go below 4990 level and test the previous post levels.
The Tata Steel in news of setting 45 lakh tones plant in Vietnam, Sail and Paswan are working together on Jharkhand’s Chaira mines.
The news that the rising wage bills of tech sector and duration while collecting dues from clients may squeeze the upward movement in tech stocks.
Most of the stocks are in the previous posted levels.So please consider the earlier levels for to day.
The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Wednesday, August 13, 2008
The core strength…
The markets showed their resilience to the on slaughter of bear opening pressure but could manage to come back to a reasonable support level that can keep faith in our markets.
The MARKET pulse check by STOCKOMETER: As we discussed in the morning, the Nifty touched to a high of 4572.65 and the low recorded as 4497.25 (The Nifty has resistance at 4579-85 level, very unlikely to touch as the opening could be below the support level at 4509-11. The Nifty may find first support at 4461-56 level but the best could be at 4419-21 level. The closing shall be above the first support level can console the bulls).
As suggested in the Stock Specific Action: The sole bullish support to Nifty came from RIL, now the challenge is to stay above 2300 level. The RIL is strong above 2320 level weak below 2305. The RIL low was at 2307.35 and rallied above 2340 to 2376.0 (read the old posts)
The ONGC is good above 1100 and weak below 1085 level. The ONGC opened below the level suggested and the high touched at 1085 and low at 1061.10
The Bharti is likely to get bull support at 795-793 level and good above 805-803 level. The Bharti got the Bulls support the high touched at 828.1 and low at 812.1
The RCOM is weak below 444-45 and may get support at 421-23 level. The high touched at 449.40 and low at 438.1
The DLF and JP may ease to Bears, DLF is weak below 561-63 level and the support can be at 530-32 level. The high touched at 563.90 and low at 545.30
JP is good above 183 level as it was in bull grip likely to find support at 178-76 level. The high touched at 192.75 and low at 181.30
The under performer RPL has to be observed, good above 169 and weak below 163, neither of it happening for 4 trading sessions, volumes dried up. The high touched at 166.50 and low at 163.0
The metals are in bear grip, Tata steel may go below the recent low at 580 level. The Sail is attracting buyers at lower levels. Nothing happened and infact took bull support at bargain levels.
The capital goods sector though showing signs of weakness but can be considered as consolidation. The Banking lot corrected yesterday and will today also. The banking lots except ICICI the rest were strong. The SBI is weak below 1525-23 level. The high touched at 1588 and low at 1522.35.The Relcap will become weak below 1393 level. Both counters are trading in the earlier posted levels. The high touched at 1440 and low at 1384.0
The markets did not to bear minds like mine but favoured the bulls in-spite of the global weakness.
For Stock Specific Action, Visit: www.intradaystockcalls.blogspot.com
The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The MARKET pulse check by STOCKOMETER: As we discussed in the morning, the Nifty touched to a high of 4572.65 and the low recorded as 4497.25 (The Nifty has resistance at 4579-85 level, very unlikely to touch as the opening could be below the support level at 4509-11. The Nifty may find first support at 4461-56 level but the best could be at 4419-21 level. The closing shall be above the first support level can console the bulls).
As suggested in the Stock Specific Action: The sole bullish support to Nifty came from RIL, now the challenge is to stay above 2300 level. The RIL is strong above 2320 level weak below 2305. The RIL low was at 2307.35 and rallied above 2340 to 2376.0 (read the old posts)
The ONGC is good above 1100 and weak below 1085 level. The ONGC opened below the level suggested and the high touched at 1085 and low at 1061.10
The Bharti is likely to get bull support at 795-793 level and good above 805-803 level. The Bharti got the Bulls support the high touched at 828.1 and low at 812.1
The RCOM is weak below 444-45 and may get support at 421-23 level. The high touched at 449.40 and low at 438.1
The DLF and JP may ease to Bears, DLF is weak below 561-63 level and the support can be at 530-32 level. The high touched at 563.90 and low at 545.30
JP is good above 183 level as it was in bull grip likely to find support at 178-76 level. The high touched at 192.75 and low at 181.30
The under performer RPL has to be observed, good above 169 and weak below 163, neither of it happening for 4 trading sessions, volumes dried up. The high touched at 166.50 and low at 163.0
The metals are in bear grip, Tata steel may go below the recent low at 580 level. The Sail is attracting buyers at lower levels. Nothing happened and infact took bull support at bargain levels.
The capital goods sector though showing signs of weakness but can be considered as consolidation. The Banking lot corrected yesterday and will today also. The banking lots except ICICI the rest were strong. The SBI is weak below 1525-23 level. The high touched at 1588 and low at 1522.35.The Relcap will become weak below 1393 level. Both counters are trading in the earlier posted levels. The high touched at 1440 and low at 1384.0
The markets did not to bear minds like mine but favoured the bulls in-spite of the global weakness.
For Stock Specific Action, Visit: www.intradaystockcalls.blogspot.com
The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The border protection war is on……
The Bulls and the Bears are engaged in a war to protect their territory that was demarked yesterday for short term trend. The news favouring the bulls to continue their run but the contraction at the higher level due to lack of steam left for up move threatens the Bulls.
The poor IIP numbers and slow down in the economy is a cause of concern but the favourable crude and slowing inflation, domestic fund raising plans by Govt. through BSNL, NHPC, reform process and the P-notes favour to attract more FII money are favourable to markets.
The Nifty is critically positioned, slight bias to bulls but today the ongoing bull run will be threatened if it fails to cross 4597-93 level, seems difficult given the global market situation. Incase we stand out today above the 4500 closing then we ca safely go for staggered investments in blue chips.
The Nifty has resistance at 4579-85 level, very unlikely to touch as the openinging could be below the support level at 4509-11. The Nifty may find first support at 4461-56 level but the best could be at 4419-21 level. The closing shall be above the first support level can console the bulls.
For Stock Specific Action, Visit: www.intradaystockcalls.blogspot.com
The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The poor IIP numbers and slow down in the economy is a cause of concern but the favourable crude and slowing inflation, domestic fund raising plans by Govt. through BSNL, NHPC, reform process and the P-notes favour to attract more FII money are favourable to markets.
The Nifty is critically positioned, slight bias to bulls but today the ongoing bull run will be threatened if it fails to cross 4597-93 level, seems difficult given the global market situation. Incase we stand out today above the 4500 closing then we ca safely go for staggered investments in blue chips.
The Nifty has resistance at 4579-85 level, very unlikely to touch as the openinging could be below the support level at 4509-11. The Nifty may find first support at 4461-56 level but the best could be at 4419-21 level. The closing shall be above the first support level can console the bulls.
For Stock Specific Action, Visit: www.intradaystockcalls.blogspot.com
The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The border protection war is on……
The Bulls and the Bears are engaged in a war to protect their territory that was demarked yesterday for short term trend. The news favouring the bulls to continue their run but the contraction at the higher level due to lack of steam left for up move threatens the Bulls.
The poor IIP numbers and slow down in the economy is a cause of concern but the favourable crude and slowing inflation, domestic fund raising plans by Govt. through BSNL, NHPC, reform process and the P-notes favour to attract more FII money are favourable to markets.
The Nifty is critically positioned, slight bias to bulls but today the ongoing bull run will be threatened if it fails to cross 4597-93 level, seems difficult given the global market situation. Incase we stand out today above the 4500 closing then we ca safely go for staggered investments in blue chips.
The Nifty has resistance at 4579-85 level, very unlikely to touch as the openinging could be below the support level at 4509-11. The Nifty may find first support at 4461-56 level but the best could be at 4419-21 level. The closing shall be above the first support level can console the bulls.
The poor IIP numbers and slow down in the economy is a cause of concern but the favourable crude and slowing inflation, domestic fund raising plans by Govt. through BSNL, NHPC, reform process and the P-notes favour to attract more FII money are favourable to markets.
The Nifty is critically positioned, slight bias to bulls but today the ongoing bull run will be threatened if it fails to cross 4597-93 level, seems difficult given the global market situation. Incase we stand out today above the 4500 closing then we ca safely go for staggered investments in blue chips.
The Nifty has resistance at 4579-85 level, very unlikely to touch as the openinging could be below the support level at 4509-11. The Nifty may find first support at 4461-56 level but the best could be at 4419-21 level. The closing shall be above the first support level can console the bulls.
For Stock Specific Action, Visit: www.intradaystockcalls.blogspot.com
The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Tuesday, August 12, 2008
Now the IIP effect ….
The IIP numbers are not so good to cheer the street. The Nifty has the clear edge so long RIL supports. Till date ONGC took the torch now the RIL. The Nifty fell by 80 points at one time but the RIL did not fell below the support.
The MARKET pulse check by STOCKOMETER: As expected in the morning Nifty made a high of 4649.85 and took support at the 4525.75 level. The Nifty is in up move & trend for the day so long it trades above 4575 level, but the upper side resistance at 4649-50 level has to be crossed decisively. The good support at 4521-23 level in case of fall but minor support exists at 4561-63 level.
The Tata Motors and Maruti may face selling pressure, likely to down by 4-5%.
The selling pressure put down bt 5.8% to Maruti and 2.6 % to Tata Motors.
The RIL and RPL are at their same levels. RIL face selling pressure below 2300 and RPL below 165 level. The regular reader might have observed that the RIL has made a low of 2315.15 which was earlier resistance and the day traded above 2040 it went up to 2374.50 ( previous day suggested level … The RIL is good above 2320 level and find more buyer support above 2340 level).
The RPL though did not trade below 165 but failed to cross the resistance at 169. The high touched at 168.95 and low at 164.20
The DLF is good above 565 but the higer level selling expexted at 575-73 level. The high touched at 576 and low at 556.25
The JP may face selling above 205-203 level but good above 191 level. The high touched at 200.90 and low at 187.0
The RCOM failed to move up above 456, good above 451-53 level weak below 444-45. Today the high touched at 463.20 and low at 445.0
The Bharti is testing the patience of the Bulls but good above 849-51 level weak below 836 level. The high touched at 858 and low at 818.40
The Tata Steel is good above 651-53 level. The high touched at 664.70 and low at 598.05
Sail is good above 149 level. The high touched at 148 and low at 140.70
Most of the scrips levels has not changed except Rel Infra good above 1081-75 level, is in Bull grip. The high touched at 1121 and low at 1073.55
For Stock Specific Action, Visit: www.intradaystockcalls.blogspot.com
The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The MARKET pulse check by STOCKOMETER: As expected in the morning Nifty made a high of 4649.85 and took support at the 4525.75 level. The Nifty is in up move & trend for the day so long it trades above 4575 level, but the upper side resistance at 4649-50 level has to be crossed decisively. The good support at 4521-23 level in case of fall but minor support exists at 4561-63 level.
The Tata Motors and Maruti may face selling pressure, likely to down by 4-5%.
The selling pressure put down bt 5.8% to Maruti and 2.6 % to Tata Motors.
The RIL and RPL are at their same levels. RIL face selling pressure below 2300 and RPL below 165 level. The regular reader might have observed that the RIL has made a low of 2315.15 which was earlier resistance and the day traded above 2040 it went up to 2374.50 ( previous day suggested level … The RIL is good above 2320 level and find more buyer support above 2340 level).
The RPL though did not trade below 165 but failed to cross the resistance at 169. The high touched at 168.95 and low at 164.20
The DLF is good above 565 but the higer level selling expexted at 575-73 level. The high touched at 576 and low at 556.25
The JP may face selling above 205-203 level but good above 191 level. The high touched at 200.90 and low at 187.0
The RCOM failed to move up above 456, good above 451-53 level weak below 444-45. Today the high touched at 463.20 and low at 445.0
The Bharti is testing the patience of the Bulls but good above 849-51 level weak below 836 level. The high touched at 858 and low at 818.40
The Tata Steel is good above 651-53 level. The high touched at 664.70 and low at 598.05
Sail is good above 149 level. The high touched at 148 and low at 140.70
Most of the scrips levels has not changed except Rel Infra good above 1081-75 level, is in Bull grip. The high touched at 1121 and low at 1073.55
For Stock Specific Action, Visit: www.intradaystockcalls.blogspot.com
The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The crucial day ……..
The Nifty is well positioned to cross the resistance level yesterday it self but failed to use the opportunity when the global cues are very favourable.
The Nifty has been performing in a narrow band of closing is appoint to be noticed. The Nifty gained 123 points on 30th July took 3 trading days to gain 80 points then again added 107 points on 5th Aug. took 3 more days to gain 30 points, again took the positive triggers to add 91 points yesterday. The Nifty added all positive days except on last Monday.
The crude is falling, the support could be at $108-105, but the concern for our equities is the impact of the slow down that surfaced in the auto sales.
The Tata Motors sales down nearly by 10% are some thing to be noticed while the economic robustness discussed at this point in time. The IIP numbers will be resealed will carve the Nifty and the sector wise support.
Now the bottom supports for Nifty are good but the higer level contraction is worrying. The Nifty is in up move & trend for the day so long it trades above 4575 level, but the upper side resistance at 4649-50 level has to be crossed decisively. The good support at 4521-23 level in case of fall but minor support exists at 4561-63 level.
For Stock Specific Action, Visit: www.intradaystockcalls.blogspot.com
The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The Nifty has been performing in a narrow band of closing is appoint to be noticed. The Nifty gained 123 points on 30th July took 3 trading days to gain 80 points then again added 107 points on 5th Aug. took 3 more days to gain 30 points, again took the positive triggers to add 91 points yesterday. The Nifty added all positive days except on last Monday.
The crude is falling, the support could be at $108-105, but the concern for our equities is the impact of the slow down that surfaced in the auto sales.
The Tata Motors sales down nearly by 10% are some thing to be noticed while the economic robustness discussed at this point in time. The IIP numbers will be resealed will carve the Nifty and the sector wise support.
Now the bottom supports for Nifty are good but the higer level contraction is worrying. The Nifty is in up move & trend for the day so long it trades above 4575 level, but the upper side resistance at 4649-50 level has to be crossed decisively. The good support at 4521-23 level in case of fall but minor support exists at 4561-63 level.
For Stock Specific Action, Visit: www.intradaystockcalls.blogspot.com
The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
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