Thursday, July 10, 2014

BUDGET HIGHLIGHTS...!!!

Budget

Posted by BAMMIDI NAGESWARARAO at 7/10/2014 07:01:00 pm 0 comments

BUDGET DAY....ENJOY THE VOLATILITY...!!!!

The Disappointment continues in Dalal Street but BUDGET may bring some cheer, as well the challenging days are ahead for the retail investors who trapped at the 7800 level. The markets are always not courteous to traders who plunge to grab the” ticking-opportunity” for INSTANT GAINS.
The strength of the markets will not fissile unless decisively NIFTY breaks the earlier BEST SUPPORT levels at 7280 range. The fall in Banks are not due to VOLUME based selling but heavy UN-winding of positions. The banks will be under pressure so long SBI trades below 2680 and ICICI trades below 1448-52 level. The B-Nifty may drift lower but will bounce to new highs soon…….Now, the BUDGET DAY naturally carries HUGE volatility but the POSITIONS will be AFRESH OPENED.
PM-MODI & FM- ARUN JAITLY will focus on curbing INFLATION and Fiscal Prudence but the Govt spending will be increased with INCOME from ASSET SALE. The FDI in high speed trains, FDI in Defence Sector allowed and FDI/FII limits in insurance sector will be raised. The favourite areas will be HOUSING for POOR and UNIVERSITIES, HEALTH CARE along with  revival of economic activity through factories.
There will a decent amount set for women empowerment and security. The focus will be on EDUCATION sector and Renewable Energy will get decent boost. The very good news will be thrown opened to Sugar Industry, ETHNOL mixing by 20% in petrol.
The excise duty reduction on CEMENT and customs reduction newsprint imports and tax concession will be offered to LOWER INCOME Group/BUDGET HOUSES up to 25 lakhs, also the income tax exemption upto Rs 1.5-2lakhs. The IT exemption upto 3 lakhs will be on the cards.
The LUXURY cars/SUVs will be TAXED more and whereas TAX reduction for 100-125 cc motor cycles and scooters. The be leagued TELECOM sector will get decent boost by allowing FOREIGN GEAR BOX imports at less customs duty.  The BSNL&MTNL merger or listing of BSNL after budgeted support, OPTICAL FIBRE companies will get boost for early RURAL Connectivity for High speed internet and e-Governance plans.
The DISINVESTMENT in ONGC, COIL India and other companies in metal space will get special boost/benefits for SWEETENING the DEAL. To discourage the use Alcoholic drinks, increase of tax, but I doubt ITC will be spared by not increasing taxes on Cigarettes.
The PRIORITY will be given to AGRICULTURE, the COLD STORAGE and other Mandi facilities will be increased.  The GAS allocation to fertiliser units will be provided. 
The Road and PORTS will be given priority by PPP model and FDI in FAST TRACK TRAINS, duty-reduction to that extent is possible. Special focus will be laid down for UMPP projects get good benefits for increased POWER Generation, import of coal will be liberalised, customs duty will be reduced. The POWER and INFRA companies will be benefitted the most.
The petro product/gas company like reliance may not be favoured but it will get boost/support for its TELECOM& RETAIL Space.
The Aviation sector will get good support by reduction in excise duty on FUEL and they will be allowed to buy at Dollar price. Most likely the STT will be exempted, Dividend tax will be reduced , encouraging equity culture by allowing PF money invested through ETFs and the 2% surcharge will be discontinued and ceiling at 35% will be enforced.

OVERALL, the BUDGET may get thumping  boost to revive the economy.
Posted by BAMMIDI NAGESWARARAO at 7/10/2014 07:46:00 am 0 comments

Monday, July 07, 2014

THE RAIL BUDGET……PROPOSALS DICTATE


REVIEW: AS SUGGESTED IN THE MORNING, ICICI DID NOT CROSS 1472 LEVEL FELL TO 1442, SBI DIDN’T CROSS 2714 FELL TO 2675 LEVEL, AXIS REGISTERED HIGH OF 1942 FELL TO A LOW OF 1915.

PFC DIDN'T PERFORM AS ANTICIPATED AND AURO PHARMA STOPLOSS TRIGGERED.


Govt. IS PROPOSING MANY SERIOUS MEASURES FOR BRINGING THE ECONOMY BACK ON TRACK. IT MAY BE TRUE FROM THE PM STATEMENTS THAT THIS Govt IS COMMITED FOR SERIOUS REFORMS IN RAILWAYS, CAN BE SEEN FROM THE PROPOSING RAILBUDGET TOMORROW. THE BOLD PROMISES OF EARLIER Govt YIELDED LITTLE RESULTS AS FAR AS THE SAFETY AND SANITATION PRIORITIES.

THIS RAIL WAY MINISTER MAY PROPOSE NEW LINES, HIGH SPEED RAIL TRACKS, AND SAFETY MEASURES AGGRESSIVELY. THE PROPOSED NEW LINES MAY BRING DEMAND FOR STEEL AND CONSTRUCTION EQUIPMENT COMPANIES.

FOR TOMORROW:

THE NIFTY IS IN SAFE ZONE ABOVE 7520 LEVEL AND NIFTY ADDED OI CLOSE TO 13 LAKHS FOR THIS 20 POINTS. 

THE KOTAK BANK WILL HIT HEADLINES SOON AS THE OI TODAY WAS ABNORMALLY HIGH FOR A STOCK LIKE KOTAK.

THE HDFC DUO AGAIN ADDING OI HEAVILY. THIS IS EVEN TRUE WITH IDFC WHICH KEPT ON ADDING OI FOR LAST 3 DAYS.
Posted by BAMMIDI NAGESWARARAO at 7/07/2014 10:56:00 pm 0 comments

NIFTY CONSOLIDATES....

07-07-2014 BAMMIDI ---DEEP….
THE MARKETS ARE IN BULLS GRIP BUT THE UNWINDING IS ALSO HAPPING AT THE BUYERS SIDE AND NEW SELLERS ARE CROPPING EVEN BEFORE THE BUDGET MEANS, THE SHORTS ARE BUILDING UP AT THESE LEVELS.
THE GLOBAL BOUYANCY IN THE MARKETS ARE HELPING OUR MARKETS TO FLOAT ABOVE THE CRITICAL SUPPORT AT 7480-7520LEVELS. THE SINCERE EFFORTS OF THE BULLS FOR TWO DAYS HAS THROWN THE NIFTY INTO SAFE ORBIT. NOW THE HNIs START SELLING THEIR BOTTOM FISHED BEST BARGAIN COUNTERS FOR A DECENT PRICE.
THE BANKS ARE IN CRITICAL LEVELS OF SUPPPORT,
AXIS IS GOOD ABOVE 1942 AND A SURE SHORT CANDIDATE BELOW 1924 LEVEL.
ICICI BANK PULLED DECENTLY FROM A LOW OF 1376 TO 1467 LEVEL. IF IT FAILS TO CROSS THE 1474-76 RESISTANCE THEN WILL FALL BELOW YESTERDAY’S LOW OF 1435 VERY SOON.
SBI IS ALSO SIMILAR TO ICICI, IF FAILS TO TRADE ABOVE 2714 AND CROSS A HIGH OF 2720 THEN WILL FALL BELOW 2560 LEVELS.
THE PFC IS GOOD FOR “SHORT-SELL” IF HIGH IS BELOW 324.8 LEVEL AND TRADES BELOW 220 AND SO IS REC GOOD TO SHORT BELOW 372, HIGH IS BELOW 376.8 LEVEL.

AURO PHARMA IS UNWINDING AT HIGHER LEVEL NOW MAY SEEK MORE LOWER LEVELS IF IT TRADES BELOW 772.9 (STOP LOSS LEVEL), HAS RESISTANCE AT 766-68 LEVEL, MAY FALL TO 731-29 SOON.
ABOVE ALL MOTOR COMPANIES MAY CORRECT TODAY/TOMORROW...WATCH OUT.!!
Posted by BAMMIDI NAGESWARARAO at 7/07/2014 08:50:00 am 0 comments

Sunday, July 06, 2014

BAMMIDI-DEEP....06-07-2014

Hi,

I THOUGHT OF SHARING MORE INFORMATION REGULARLY...

BAMMIDI-DEEP..!!-- BAMMIDI-DAILY ENTRY & EXIT POINTS...

DEEP---ENGLISH...MOST OF US KNOW...!!!!

DEEP-- SANSKRIT& OTHER LANGUAGES IN INDIA... LIGHT, TO SHATTER/ELIMINATE DARKNESS,

NOW--STOCKSDOCTOR PARLANCE.. TO SHOW THE RIGHT PATH TO GET SUCCESS IN INDIA STOCK MARKETS.

HOPE THE GOOD THOUGHT COVERTS INTO GOOD WORK AND TRANSLATES IN TO MINTING MONEY FROM THE MARKETS...

BNR
Posted by BAMMIDI NAGESWARARAO at 7/06/2014 11:52:00 am 0 comments

Wednesday, May 14, 2014

MARKETS may dip 10%...election result disappoints???????

May 14, 2014, 06.10 PM IST | Source: 

 CNBC-TV18 Mkt may dip 10% if election result disappoints: Canara HSBC Market participants should pause now and wait for May 16 to play out because stocks have already rallied in the last three days, 

 Ritu Arora, Director – Investments, Canara HSBC OBC Life said. RITU ARORA Chief Investment Officer Expertise : Equity - Fundamental More about the Expert...

Read more at: http://www.moneycontrol.com/news/market-outlook/mkt-may-dip-10-if-election-result-disappoints-canara-hsbc_1085889.html?utm_source=ref_article
Posted by BAMMIDI NAGESWARARAO at 5/14/2014 09:23:00 pm 0 comments

Nifty "MAY" tank 20% @ Unfavourable "POLL" verdict

Unfavourable verdict can see Nifty tank 20%, say analysts
Rupee could also spiral to year-to-date high as a knee-jerk reactionPuneet Wadhwa  |  Mumbai  
 Last Updated at 10:36 IST
The markets seem to be setting a tough benchmark for themselves for May 16 in terms of the final outcome of the recently concluded general elections and how they react to it. The hope rally that started in February 2014 has already seen the benchmark indices - the S&P BSE Sensex and the CNXNifty - move up around 19% since then. Foreign institutional investors (FIIs) have pumped in over $6.3 billion during this period.Though the exit polls announced on May 12 point to the formation of a stable government at the centre led by National Democratic Alliance (NDA) headed by Narendra Modi, any disappointment will see the markets react sharply on the downside on May 16 and over the next few months as well, analysts say.
Past experience suggests that in the past either opinion poll or exit polls have failed to predict the national mood accurately. During the last two general elections the number of seats predicted for the NDA was higher than the UPA. Also, the margin of error was embarrassingly large during these two occasions. The exit polls, however, have been a fairly accurate predictor during Assembly elections.
"We view exit polls with some caution based on the results in 2004 and 2009, and especially in this case where there appears to be a differential between them and the majority of pre-election opinion polls. Additionally, the bar to exceed expectations on the final counting day (16 May) has moved even higher," suggest Sonal Varma, Aman Mohunta and Alastair Newton of Nomura.
Says Jyotivardhan Jaipuria, managing director and head of research, Bank of America-Merrill Lynch: "Most exit polls have predicted a majority (or close to majority) for BJP led NDA. However, exit polls have a chequered past as far as their reliability is concerned. We believe the market is currently pricing in a stable coalition."
"In case of a shock result, however, we see a steep correction in the market as hopes for an early revival in the economy gets diminished. In the case of a fractured mandate, markets could correct by 15-20% from current levels," he adds.
In case the NDA wins less than 200 seats, Siddhartha Sanyal and Rahul Bajoria of Barclays suggest that the BJP-led NDA would face difficulties forming a government leading to greater uncertainty. This is the most negative scenario for all INR assets, potentially spanning the medium-to-long term.
"USD-INR will likely trades toward year-to-date (YTD) high of 63.31 as a knee-jerk reaction. A large political risk premium is established as future economic policy becomes very unclear. Some foreign investors likely liquidate equity positions, given increased uncertainty and decent YTD gains," they said.
Exit polls have predicted the NDA to be the largest pre-poll formation to form the next government in Delhi which is in line with market's expectations. However, given the recent market rally, Dinesh Thakkar, chairman and managing director at Angel Broking believes that the possibility of an up move from these levels would depend on the incremental seats that can be won by the NDA over the consensus exit poll range of 257 - 280.
Explains J K Jain, head of research, Karvy Stock Broking: "The markets could respond differently post the announcement of election results that present any of the three possible scenarios - Scenario 1: NDA getting above 260 seats , Scenario 2: NDA getting around 220 seats and Scenario 3: NDA getting less than 200 seats."
"We are of the opinion that Nifty could gain over 15% (7,900-8,000) in the next six - nine months if Scenario 1 pans out; (Nifty) could move within 6,300 - 7,300 range in the next three months in case of Scenario 2; and correct over 15-20% in the next three - six months in case of Scenario 3," he says.
Neelkanth Mishra, India equity strategist for Credit Suisse said in a May 7 client note that a strong surprise (upward or downward) to the 230 - 240 seats expected for the NDA is unlikely and a 210-250 range has high probability.
"We do however believe that hopes of a 12-month turnaround in the investment cycle may get dashed. Market positioning towards cyclical sectors doesn't necessarily mean a reversal, but builds the case for a disappointment. We are constructive on the broader market, but cautious on cyclical sectors: Financials (SBI, ICICI Bank), Industrials (L&T), Metals (Tata Steel)," he said.

http://www.business-standard.com/article/markets/unfavourable-verdict-can-see-nifty-tank-20-say-analysts-114051400408_1.html
Posted by BAMMIDI NAGESWARARAO at 5/14/2014 09:14:00 pm 0 comments

SURPRISE..!!!Nifty ends unchanged after 9 years

Nifty ends unchanged after nine yearsEarlier on June 1 2005, the benchmark index had closed unchanged at 2,087.55 pointsDeepak Korgaonkar  |  Mumbai  
 Last Updated at 18:14 IST
The National Stock Exchange (NSE) 50-share CNX Niftyended at 7108.75 on Wednesday, unchanged from the previous session's closing level after nine years. Earlier on June 1 2005, the benchmark index had closed unchanged at 2,087.55 points.
Of the 50-Nifty stocks, 30 closed in green, while the remaining 20 stocks declined by up to 4%. Reliance Industries (RIL),ONGC, Mahindra and Mahindra (M&M), HDFC, HDFC Bank, Larsen and Toubro (L&T) and Dr Reddy’s Laboratories slipped between 1-4%.
On the other hand, Bank of Baroda, Jindal Steel and Power, Tata Steel, DLF and NMDC logged gains in the range of 5-9%.
The markets remained lacklustre on Wednesday amid low volumes in absence of domestic and global cues. The total cash market turnover on NSE declined 10.7% to Rs 19,794 crore on Wednesday, as against Rs 22,162 crore in the previous session.
As per provisional data, foreign institutional investors (FIIs) made a net investment of Rs 1,520 crore on Wednesday as compared to a net investment of Rs 2,026 crore on May 13.
“After a strong rally in the last three sessions, the Nifty managed to trade above 7100, which is an important resistance level. This indicates continuation of uptrend. On daily charts, the Nifty has formed Doji pattern, which indicates strong price reactions in the coming sessions. From a short-term perspective, important support levels for the Nifty are 7,060 and 7,000 and 7,160 – 7,200 is a major resistance,” said Shrikant Chouhan, head of technical research at Kotak Securities.

http://www.business-standard.com/article/markets/nifty-ends-unchanged-after-nine-years-114051401182_1.html
Posted by BAMMIDI NAGESWARARAO at 5/14/2014 09:04:00 pm 0 comments

Friday, May 09, 2014

INFY & UBS REPORT...STOCK TANKED...!!!

What has upset UBS about Infosys that others have failed to see?UBS' report differs from others as it takes a business call on Infosys rather than one based on quarterly numbers and guidanceShishir Asthana  |  Mumbai  
 Last Updated at 09:26 IST
Nearly a month after Infosys announced its march quarter results, one of the biggest foreign broking houses in the country, UBS has downgraded the stock. While the downgrade to Sell is not uncommon, the fact that the target price has been slashed by nearly 30 per cent is rare. UBS earlier had a price target of Rs 4,050 which has now been slashed to Rs 2,750. Infosys presently trades around the Rs 3,070 range .
What is important to note is that out of the 63 analysts tracking Infosys (as per Bloomberg data) only three have a Sell rating on the company. UBS is now the fourth. Around 75 per cent of the analysts have a Buy recommendation while remaining have a Hold recommendation on the company. UBS is the biggest broking house that is bearish on the stock and one that has the lowest price target.
So what is it that UBS (Indian broking firm Ambit already has Sell rating on the stock) has seen that other broking outfits have not.
UBS has broken down the business of software companies into different verticals and identified areas where growth is expected. The UBS report written by Diviya Nagarajan says that the next wave of growth for large Indian IT vendors will be led by infrastructure services and business process outsourcing (BPO).
Infosys has less than 15 per cent of its revenues coming from these segments as compared to 25-35 per cent for TCS and HCL Tech. Infosys has just started focussing on these segments, but UBS believes that the slow growing application business of Infosys which contributes 85 per cent of the revenue will remain a drag. The company has already indicated through its commentaries that it has trouble jumpstarting growth in its base segment.
The other issue is of attrition. Apart from Ambit and now UBS most of the other broking firms have highlighted the attrition problem as a footnote. Ambit (Read here) was the first to say that Infosys was living in denial when they clarified that the loss of senior management officials and overall attrition is not hurting the company. UBS has gone a step further and cited the case study of Wipro and how constant management churn since 2005 has played a major role in decline of Wipro's market share.
To make matters worse for Infosys, TCS has played a smart game by hiking wages by 10 per cent for offshore employees and 2-4 per cent for onsite ones as compared to 6-7 per cent and 1-2 per cent respectively for Infosys. Attrition rate at Infosys is at its all time high with the company losing nearly one-fourth of its FY13 employee base in FY14, says UBS. The wage differential between the two companies and softer revenue outlook by Infosys is expected to further spike attrition in the company.
While most of the other analysts are saying that Infosys will beat its guidance, UBS feels that high attrition level will impact revenue acceleration and limit the company's ability to beat its revenue guidance of 7-9 per cent (which is much lower than the nearly 14 per cent growth projected by Nasscom, the face of the industry) despite improving demand and a currency advantage.
Concerns on Infosys' operations have been raised by other analysts too, but none of them had summed it up and been brave enough to go against the consensus opinion. JP Morgan which has a Overweight rating and a price target of Rs 4,000 on Infosys in its April 23, 2014 report on India IT Services highlighted the leadership role of TCS over its peers, especially Infosys. The report observed that TCS was defining the agenda through its forward commentary in contrast to the commentary of others playing catch-up. While TCS has a longer term plan of entering hardly penetrated markets like Japan and strengthening its presence in digital and SMAC (Social media, Mobile, Analytics and Cloud Computing), Infosys and Wipro are still talking on the need to improve win rates in large deals, in other words, operational issues.
Jefferies in its coverage on Infosys with Buy rating and a lower price target of Rs 3,675 (from its earlier target of Rs 4,170) highlighted the concerns of the company. The report said that Infosys was at a stage where most of its financial metrics are at their worst. Growth has been volatile, margins have fallen by 450 basis points in 13 quarters. Yet the Buy recommendation was based on the reset of expectations for next year, an improvement in growth or margins. The report says that turnaround hopes are hinged on Chairman Murthy.
It is the hope of Murthy working his magic that is preventing most of the analysts to see beyond the quarterly numbers. Where UBS' report differs from others is its business call on Infosys rather than one based on quarterly numbers and guidance. Share price movement of Infosys shows that the market seems to have respected that.
http://www.business-standard.com/article/markets/what-has-upset-ubs-about-infosys-that-others-have-failed-to-see-114050800303_1.html

Posted by BAMMIDI NAGESWARARAO at 5/09/2014 02:44:00 am 0 comments

BEEP-9-5-14

08-05-2014-Thursday-OVER-VIEW:
The positive cues of US, Europe and Asian markets support didn’t helped the markets as Higher level selling in ONGC, RIL,HDFC, HUL &ITC dented the rise. The markets witnessed stock specific action and saw higher level selling in the prime counters like Bharati and HDFC duo. Serious positions were built in HDFC Bank and we can expect news very soon. The IT sector may see some more Bear pressure. The mid cap bank results are their COFFINs as the counters are in selling spree, be it ALBK, Syndicate bank, Union Bank or Bank India. Cara Bank and Orient could manage their ground safe but lost the gains. The same is with Century and BIocon.
NSEL Scam and arrest of SHAH and follow-up action to arrest more brokers can spoil the party…be cautious..!!!! Markets might have sensed something special/fishy, RELCAP lost from 382 level to 335 days and 12 lakhs OI in a single day at 372-75 range….!!!

BAMMIDI ENTRY & EXIT POINTS in STOCK-MARKETS

The Nifty failed to trade above the low registered on Last FRIDAY at 6689, yesterday high is 6688 level. Now the big challenge is to move above the basic resistance and shall seek BULL support to clear the Resistance at 6704 and 6721 levels. The bank Nifty is in POSITIVE Zone as it could stay above 12980 level comfortably due to the top bank action in SBI, AXIS and ICICI but others are mixed. Incase RIL fails to trade above 961-63 level is a serious concern for BULLS.

The Adani counter may see some serious up-move due the positive news may take it above 442 level but caution is advised as the counter lost the steam. The ITC counter may see some high activity due to plans of Brand acquisition- B-Natural.

The Bharati counter is also getting reent less selling from 340 level. The days ahead are very good for the Telecos but now people has to wait AND WATCH FOR SOME TIME. The DAY-BOUNCE can be expected in IT and TELECOs
BAMMIDI ENTRY & EXIT POINTS in STOCKMARKETS:09-05-2014

Nifty Support at 6652-46 Resistance at 6681-86 Good above 6693
BankNifty Support at 12950 Resistance at 13075-83 Good above 13089-93

SBI Support at 2075-77 Resistance at 2108 Good above 2114
ICICI Bank Support at 1272-75 Resistance at 1293-96 Good above 1296
AXIS Bank Support at 1241-38 Resistance at 1259-63 Good above 1263
YesBank Support at 436-38 Resistance at 449-47 Good above 451
RelInfra Support at 507-04 Resistance 517-19 at Good above 523-25
Tatasteel Support at 398-400 Resistance 411-43 at Good above 416
JSWSteel Support 985 at Resistance 1110 at Good above 1118
ADANI Support 416-14 at Resistance 432-34 at Good above 438

Posted by BAMMIDI NAGESWARARAO at 5/09/2014 02:33:00 am 0 comments

Thursday, May 08, 2014

BEEP in STOCK MARKETS -8-5-14

BAMMIDI ENTRY & EXIT POINTS in STOCKMARKETS

07-05-2014-Wednesday-OVER-VIEW: The Global markets influence and Asian markets pressure came down heavily as far as the Nifty fall is concerned. The IT sector lost more than 3-4% in Infy, HCL and other counters lost their support levels. The sector will bounce once Wipro touches 485-479 level and TCS touches 2060-45 level. Whereas INFY has more ground to lose in coming days till 2580-2640 level. The small and Mid-cap banking shares see some unwinding as mentioned earlier and it will continue.

08-05-2014: Thursday- BEEP STRATEGY in STOCKMARKETS:
The Banking lot is the one which is saving the Nifty along with the heavy weights like RIL and ONGC. The markets may see some more grinding as the Nifty. The SBI may set the direction once the results are declared. For now the markets are in Bull grip especially in banking sector.
The heavy positions in main stocks are unwinding, one such example is Relcapital which has OI of 12Lakhs at 372-75 range. The HDFC and HDFC banks are still adding OI will bring some news soon.
If Bank Nifty fails to trade above 13050-30 level is a serious correction on the cards below 12915, the OI is adding and holding….

Nifty Support at 6663 Resistance at 6693-98 Good above 6721
In Case Nifty trades below 6650 on any day will see some serious correction of more than 150points continuously without any bounce. The bounce may convert into BULL move if Nifty trades above 6720 and cross 6775

BankNifty Support 12946 at Resistance at 13074-86 Good above 13120. The BankNfty shall trade above 12900 for all good reasons said above. The RIL shall not trade below 942-44 level and ONGC shall not trade below 321 to keep BULLS happy. The SBI shall not trade below 1993 level to keep BULLS happy.
Today mostly the power counters will do well focus on RELINFRA.
The YES bank, DLF,HUL,ITC may see some bounce to get exited the trapped BULLS.
Posted by BAMMIDI NAGESWARARAO at 5/08/2014 08:58:00 am 0 comments

Monday, May 05, 2014

POLL PREDICTIONS--NIFTY LEVELS...!!!

May 05, 2014, 09.40 PM IST | Source: CNBC-TV18 Nifty may see 5800-6100 if NDA gets sub 220-230 seats: UBS The first and best scenario is a number closer to the 272 mark or more which would mean a majority for the Modi led government. According to UBS, this could lead to near-term euphoria with the Nifty rallying upto 7800.Read more at: http://www.moneycontrol.com/news/fii-view/nifty-may-dip-to-5800-6100-if-nda-gets-below-220-230-seats-ubs_1079700.html?utm_source=ref_article

Posted by BAMMIDI NAGESWARARAO at 5/05/2014 11:24:00 pm 0 comments

NIFTY SUPPORT AT 6100 LEVEL

 · 3h
Markets are positioning for the POLL outcome and Nifty high may cut but 10-12% fall, will come to 6150-6100 level with or without MODI..soon
https://twitter.com/BNRSTOCKS
posted at 8.17 pm
=======================
 · 3h
INDIAN STOCK MARKETS POISED FOR NEXT LEG OF UP MOVE, 6140-80 LEVEL IS CRUCIAL SUPPORT. NIFTY IS HEAVY TO MOVE UP,SO THE RISE IS LIMITED.
https://twitter.com/BNRSTOCKS
posted at 8.38 pm
Posted by BAMMIDI NAGESWARARAO at 5/05/2014 11:22:00 pm 0 comments
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