It is easy to say about the happenings happened earlier but the difficult question will be to look in to the future.
Every body is talking, saying some thing or other about the markets that they are now in bear grip and things like that as of now I am doing the same thing but…
The churning in the markets is to say cheers & thumps-up to the future leaders of the next BULL Run…..
An effort to remind…. In my posting titled… The BEST chance to overcome…dt 25-08-08…
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.
And in my other posting ……….
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 EFFORT IS TO SEE THE MARKETS WITH WHOLISTIC APPROACH BUT NOT IN ISOLATION.
Monday, October 06, 2008
Monday, September 22, 2008
The RIL’s history…
The Reliance of Mukesh Ambani has created history by pumping oil as India’s first private sector deep sea crude oil exploration from D-6 block at KG basin with a rate of 5,500 barrels per day. Reliance is selling the oil from D6 to HPCL's refinery at Visakhapatnam on spot basis. Where as his younger brother’s most valued RCOM lost market capitalization and its 10th position was given to LT in the list of top most valued companies by market cap.
The markets of Asia are trading in narrow band to take a side, so is our Nifty. The SGX Nifty is trading at 4335 level with a plus of 30 odd points. The Nifty has the initial resistance at 4339-45 level and the support existing at 4148-51 level as first support and the best can be expected at 4119-16 level.
The RIL news can save the day from a steep collapse; the RIL has support at 2015 and at 2000 level, the resistance can be expected at 2125-20 level and a move beyond will confirm the initial up trend. The ICICI bank is strong so long it trades above 609-07 level. The reality sector may face selling pressure as the fears looming large due these financial crisis.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The markets of Asia are trading in narrow band to take a side, so is our Nifty. The SGX Nifty is trading at 4335 level with a plus of 30 odd points. The Nifty has the initial resistance at 4339-45 level and the support existing at 4148-51 level as first support and the best can be expected at 4119-16 level.
The RIL news can save the day from a steep collapse; the RIL has support at 2015 and at 2000 level, the resistance can be expected at 2125-20 level and a move beyond will confirm the initial up trend. The ICICI bank is strong so long it trades above 609-07 level. The reality sector may face selling pressure as the fears looming large due these financial crisis.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Sunday, September 21, 2008
The worst or bad…..
The financial markets worst may be over but the bad news continues to flow as days pass by. The markets surprisingly closed in positive note on week on week basis. The Monday to Friday turmoil is strictly specified to US and we swing in tune as we are associated.
The Nifty though touched a low of 3800 level but did not trade but took the advantage of buying at the bottom to scale up to 4300 level. This clearly suggests that the markets have some strength given the conditions.
The US turmoil will affect the software companies by 4-6 months but opened the doors of opportunities for next 3-4 years. This advantage will be used by the big tags.
The best opportunity once existed in the retail and office spaces, the real estate markets in India will take longer time than estimated and the days ahead are boom to doom. The billionaires club may replace the names of Indians in this sector with the owners of alternative energy and commodity traders in steel, copper and aluminum.
The new wealth creators likely to emerge from the companies engaged in Natural resources exploration be it oil, gas, mining of coal, copper, iron ore and those engaged in trading of these resources. The companies engaged in infrastructure development now in pipe line construction for gas transportation and city gas distribution, the port and air port construction companies will benefit the most in India.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The Nifty though touched a low of 3800 level but did not trade but took the advantage of buying at the bottom to scale up to 4300 level. This clearly suggests that the markets have some strength given the conditions.
The US turmoil will affect the software companies by 4-6 months but opened the doors of opportunities for next 3-4 years. This advantage will be used by the big tags.
The best opportunity once existed in the retail and office spaces, the real estate markets in India will take longer time than estimated and the days ahead are boom to doom. The billionaires club may replace the names of Indians in this sector with the owners of alternative energy and commodity traders in steel, copper and aluminum.
The new wealth creators likely to emerge from the companies engaged in Natural resources exploration be it oil, gas, mining of coal, copper, iron ore and those engaged in trading of these resources. The companies engaged in infrastructure development now in pipe line construction for gas transportation and city gas distribution, the port and air port construction companies will benefit the most in India.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Friday, September 19, 2008
THE COMBINED EFFORTS…..
The markets recovered very sharply with the combined efforts of the leading governments to end the crisis.
The markets in India recovered very sharply with the FM statement and the positive news flow from the US efforts to bail out the current crisis.
The positive news flow is around the corner to lift the sagging spirits of the investors. Now the issues are a global phenomena and every body is curious with tight nerves.
The Asian markets are jumping in joy and relief from the nightmares. The Hang Seng, one of the worst performers is up by 1,110 points (6.3% up), the Nikkei is up by 378 points (3.3% up). The SGX Nifty is at 4270 level, nearly up above 220 points.
The ADR’s are well above 7% to 15%. The Indian ADRs gained more value as HDFC bank more than 11%, ICIC Bank 11%, MTNL above 15% and the tech pack Satyam and Infy around 2% but Wipro up by 7%.
The Nifty will be in the pull back support and may gain strength so long it trades above 4080 level and will gain momentum to up ward journey if it could trade above 4365 level.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The markets in India recovered very sharply with the FM statement and the positive news flow from the US efforts to bail out the current crisis.
The positive news flow is around the corner to lift the sagging spirits of the investors. Now the issues are a global phenomena and every body is curious with tight nerves.
The Asian markets are jumping in joy and relief from the nightmares. The Hang Seng, one of the worst performers is up by 1,110 points (6.3% up), the Nikkei is up by 378 points (3.3% up). The SGX Nifty is at 4270 level, nearly up above 220 points.
The ADR’s are well above 7% to 15%. The Indian ADRs gained more value as HDFC bank more than 11%, ICIC Bank 11%, MTNL above 15% and the tech pack Satyam and Infy around 2% but Wipro up by 7%.
The Nifty will be in the pull back support and may gain strength so long it trades above 4080 level and will gain momentum to up ward journey if it could trade above 4365 level.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Thursday, September 18, 2008
The sole strength “not enough”…..
The markets struggling to keep its head above the floods of crying (not tears) waters of US financial crises. Though our houses were not set to blaze but while we are also staying in the same colony of global equalities, it is a prudent measure to sprinkle some waters to calm down the impetus, so the markets are down and adjusting to shred out the husk from the grain.
The US markets always enjoys the surprises of publishing wrong financial statements or false statements, be it Enron, Baer Streans, Fennie Mae, Freddie Mac or the recent collapses of Lehman, Merrill Lynch and AIG, all went through sound until a day before the death warrant announced by their CEOs. Now no news is good news than the bad news of the crumbling fellow neighbor. As of now, the markets crashed due to simply mismanagement by the world renowned companies and the regulators at the helm. There is no hope for next 10-15 days, till the fallout debris is cleared and the new beginning begins.
The ADAG announces that RNRL is the sole beneficiary of the future projects in Cement, Steel and transportation with a whooping 65000 cr investment plans. Yesterday announced the Relcap will become the leader in insurance, asset management with one lakh crore AUM and other banking services. A day before yesterday announced that the RelInfra will bid the Mumbai metrotrans, fly over and other infra businesses. The Rpower will bid for private Nuclear power generation apart from the earlier planned Rs 60,000 cr power business.
Our planners are expecting huge investments in infra structure, SEZs to a tune of 16 lakh crore for next 4-5 years. The investment potential and rate of return is positive in India but the global financial chaos may force to draw different rules for the future investments that may take a longer period than expected.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Tuesday, September 16, 2008
The efforts to make-up….
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.
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.
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.
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