The history is to visit the past to plan for the future with the presents scenarios. The stock markets provide ample of evidence to correlate with the past experiences. The end of the Bull market can be gauged by the exuberant rise in the small cap stocks that are known to no body. The reverse is the case for the end of the bear market when the well known most trusted firm’s bankrupt and the HNIs and the wise will grab the opportunity to invest for long term. Now the time is……
Uncertainty is Certain… 25-12-2007
The stock valuations are most vulnerable by their nature to the minor and major issues and to local and international issues even if they are not of much importance on the face of influence a lot in the minds of investors cause anxiety fluctuate in price irrespective of the percentage of concern. We can easily say, “the uncertainty is certain” at the bourses each time and every time. Those who fear about uncertainty can search their souls in peace, as nothing is certain.
As expected in my earlier write up the market bounced back on bull track in 4 trading sessions.(………if the Nifty to close above 5935 with in 3 trading sessions. At the immediate level the Nifty shall not close below 5670 level to continue the bull run…….. The markets likely to take help from the tech stocks, FMGC and from the Pharma).
Now the challenge at the Nifty level is to stay above 5778-71 to register a new high and above 6400 level by the end of first week of Feb-2008. The run up in the prices of power and infra will take a back seat and the service sectors and hotels will enjoy the support of bulls along with FMGC & retail move. The gas transportation and the network is the emerging sector. I have been suggesting holding in Fertliser stocks and the next big bet on banks with insurance exposure. These sectors will explode maximum followed by oil exploration and allied services.
No longer immune…….
The Indian markets are resilient to the external pressures of equity fall as the markets see good future but the immediate and short-term pressures cann’t be ruled out. In my ealier write up dated: 29/10/2007, clearly mentioned the possible up side be capped at 6290.
It can’t be stretched further….
…..I foresee the Bull run can become a long consolidation period- more than 6-9 months with a range of 5250-6290 at Nifty level.
The markets are likely to see more down ward action than upward momentum. The rise and fall ratio could be of 1:3 from next week onwards until Aug-Sep-2008. Incase economy could face the challenges for next 6 months than the upward journey in the stocks resume. Indian stocks revaluation based on the broad based economy and growth prospects is over and the real test is that the companies have to perform given the opportunities, then the markets. So is US………
The markets are fighting for their survival as the Bull Run took a beating at the bourses. The markets will take considerable time to resume their upward move. (Pls.read my earlier write ups.---the range suggested at 5250-6290 but the high touched at 6347). The game plans of the operators are very clear that they took the Sub-prime issue for more than 6-months so that the retail investors forget. I warned that the sub-prime issue is much bigger than what they pronouncing.
Now the long period of consolidation is good opportunity to traders as they can get in and get out at every 12-15% rise and fall. The earnings will be good to the Indian industry as the consumer demand and the economic growth continue to flourish. The markets likely to test the bottom at 5192-5226 at the worst scenario but this will happen only if the Nifty fails to cross 5935 before the end of Jan-FO series.
The markets likely to get support at 5670 level as first support and if trades below that level then the support at 5445-15 level at the October-07 level. So long the Reliance stays above 2630-50 level, ICICI stays above 1135-29 level and the ONDC stays above 1090-1110, SBI stays above 2020 and the Bharti stays above 810 level the markets enjoy the bulls support. This correction is a measure to MFs & FIIs to save themselves from the Mid-cap trap happened at 2005.
The Fittest will….
The trouble was there in the market when the markets crossed 6300 at Nifty level and the supports became weak but it survived on the euphoria of Mid and small cap run-up. I personally warned in my write up titled..(Y can’t it be…………….Dt.18-11-2007……. I personally feel that the prices were sky rocketing with thin edge time to participate in those sharp moves is a clear sign of distribution at higher levels.
The retail investor will now about the rise in the scrip at the end of the day, after the next day the participation comes above 20% rise. To conclude the view, these stocks likely to hit the lower circuits or steep fall occur after three to five trading sessions of Bull Run. Be cautious……………………).
The situation could not have this much worse but the deep write down mess in the US financial sector gave an opportunity to correct the steep valuations at the home. So the conclusion is as simple as that “Never buy beyond a point… the point can be identified by the age old, ever green safe investment method—P/E ratio”.
So never blame the market or the seller who made you to buy. It is a simple marketing strategy. While some one out for shopping shall understand his/her home needs rather than blaming marketing people. The emotions at stock market will drain the purse and fill the heart with pain.
Distribute and eliminate…………..21-11-2007
Who will buy at higher levels is all ways the question asked by many and the doubt can be answered only when some body experiences the taste of buying at the top and selling at the panic bottom.
“Don’t be CRAZY to chase…”, “be cautious…..,” the phrases often used and shout… buy buy buying—happening every where……create a confusion in the minds of investors and make them to believe every thing is rosy and beautiful. This is a classical effort to prepare the retail small investors to become scapegoats.
In my earlier write up cautioned the readers to think about the happenings at the bourses? The speeds at which things are happening are very new to Indian investors and are losing time, opportunity and money in the process. The game plans are designed in such a manner to eliminate the retail investor incase somebody holding good stocks at fair prices.
“The steep falls and steep rises give little time to think.”— “Stock Market” is a mind game and every step of investment shall go after through a research, understanding the business and the timing of pricing the investment.
At the end of the day “Minting Money” in the “Stock Market” comes by “Buy Low- Sell High” but not by buying cheap………………
Gross & wild violation…..22-11-2007
Any body who live with technicals can contribute this fall is steep and wild in violating the supports. Any way the fact is the bottom is lost. The hope totally depended on the reliance, ONGC and SBI. They are very strong even at this level of correction. The bulls have the last opportunity to believe the market is a Bull market until it stays above 5175-80 levels. The markets can fluctuate with a wide range of spread for a greater consolidation as the prices have reached relatively high level.
Then the hope lies a head so long the RIL stays above 2580 at immediate support level and can even touch 2440-50 level. The ONGC got the support at 1090 and even can touch 1010-20 level. The big banking leader can touch 2020-2030 and even touch 1910-1900.
So wait and see what will happen at global level and at the local level. The ray of hope lies with the support from local institutions and the deep-pocketed HNIs who are waiting for long time when the FIIs are at buying spree after the rate cut at US.
Y can’t it be…………….18-11-2007
The story is contrary to the current happenings at the bourses. The positive side shall go this way….
In my earlier write up I clearly mention to hold positions in fertilizer stocks for decent gains. Now they doubled from the prices recommended to buy & hold. In the same manner I wrote about the investments of FIIs in our markets. They first invested huge amounts in the Reliance group. They are familiar with the reliance group growth story than the Indian growth story. Now they are spreading their investments to other sectors with different groups. The large caps are rather fully saturated at the price level and left with little scope for further appreciation. So the MFs, FIIs and the DIIs are left with no option but to explore new opportunities with emerging companies though they are small to medium in size at this point in time. The flare up in prices is due to the mismatch in their size and the liquid cash chasing the stock.
The negative side shall go this way….
The small cap and the medium cap stocks are now in their flare-up run at the bourses, but the investigative approach can show a dark side of manipulations in the game.
The story goes back to the 2005-2006, the FIIs, the MFs and the operators heavily invested in (the early bird catches the fish) the Mid-small cps to capture the instant large gains which turned out a futile effort due to lack of liquidity due to the steep crash when the Sensex was at 12000 range. The investments became dud for long two years with no moves. After a long frustration, now these people captured the up moves with vengeance. I personally feel that the prices were sky rocketing with thin edge time to participate in those sharp moves is a clear sign of distribution at higher levels.
The retail investor will know about the rise in the scrip at the end of the day, after the next day the participation comes above 20% rise. To conclude the view, these stocks likely to hit the lower circuits or steep fall occur after three to five trading sessions of Bull Run. Be cautious……………………
The end of the BULLRUN?.17-12-2007
The markets are taking deep breath to settle for a long leap up move or end of the Bull Run? Is the question at this point?
I see a steep correction like that happened in May 2005 if the Nifty to close above 5935 with in 3 trading sessions. At the immediate level the Nifty shall not close below 5670 level to continue the bull run.
Incase the nifty fails to trade and close above 5885 tomorrow, it is likely that the markets likely to touch 5321-28 level and then markets need strong cues to rejuvenate the bulls.
The big boys of the market are very silent for their own reasons but the time has come that they need to infuse vital medicine to the Bulls to take on Bears. The good support of RIL at 2640-30, SBI has support at 2135-2128, ONGC has support at 1060-70, Bharti at 835-829 level and the ICICI has support at 1085-1090. Incase two or three stocks could stay above 4-5% above those support levels then the markets are for the Bulls.
The markets likely to take help from the tech stocks, FMGC and from the Pharma
With out doubt, the Small cap and Mid-cap run-up story is intact until the Nifty stays above 4865-4935 levels.
The retail investors always caught because of the Price Luring while moving up and Fear of Loss while falling down. The markets always provide enough chance to make money but we tend to be ignorant to catch the opportunity. So it is not the BEST PRICE to buy A STOCK but the RIGHT TIME to buy is very important.
Tuesday, November 25, 2008
Friday, September 5, 2008
The inevitable fall....
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, 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, 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.
SLOW DOWN, slide fast
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 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 4, 2008
The choppy trade…..
The Asian Markets were down so is our markets. The markets behaved in line with our expectations but very choppy trade might have forced to book losses every time.
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 bears has some thing to say ....
The Asian markets are bleeding in red as Hang Seng lost 120 points, Nikkei lost 45 points and the SGX is now quoting at 4450 level a 60 points down from the Friday closing.
The ADRs were weak as Infy down by 1.2%, Satyam down by 2.4%, wipro down by 2.9%, Tata Motors was down by 3.15%, where as the banking stocks were marginally down.
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 ADRs were weak as Infy down by 1.2%, Satyam down by 2.4%, wipro down by 2.9%, Tata Motors was down by 3.15%, where as the banking stocks were marginally down.
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.
Tuesday, September 2, 2008
POSITIVE MOVE expected....
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 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.
Monday, September 1, 2008
The continuation of Asian weakness…….
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 3290 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 SGX Nifty is now trading with 70 points loss at 3290 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.
Monday, August 18, 2008
The tough fight….
The Bulls and bears made their 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 …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
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(….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 …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.
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Down but not out…
The RIL is good above 2285-93 level and become weak below 2251-45 level.
The ONGC is struggling to cross 1085 level but the support is at 1040 level.
The Relcap is good above 1361-63 level;
ICICI bank shall trade above the resistance at 703-705 level.
The SBI is good above 1472 and weak below 1450 level.
The telecom giants fight may reflect in their prices also. The Bharti is good above 728-31 level and RCOM is good above 436 level, far below the support level.
The Tata Steel is good above 620-21 level and weak below 608-06 level.
The Sail is good above 146 level.
The DLF may find bottom support at 490-89 level, JP may get support at 168-69 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 ONGC is struggling to cross 1085 level but the support is at 1040 level.
The Relcap is good above 1361-63 level;
ICICI bank shall trade above the resistance at 703-705 level.
The SBI is good above 1472 and weak below 1450 level.
The telecom giants fight may reflect in their prices also. The Bharti is good above 728-31 level and RCOM is good above 436 level, far below the support level.
The Tata Steel is good above 620-21 level and weak below 608-06 level.
The Sail is good above 146 level.
The DLF may find bottom support at 490-89 level, JP may get support at 168-69 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.
Wednesday, August 13, 2008
The knock-down ADRs………
The ADRs traded deep in red and the SGX is trading at 4493 level down by 75 points.
The ADRs like ICICI was down by 8.2%, HFDC bank down by 5.26 %, INFY down by 3.3 %, WIPRO down by 3.2%, SATYAM down by 4.45% AND Tata Motors by 3.7%.
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 ONGC is good above 1100 and weak below 1085 level.
The Bharti is likely to get bull support at 795-793 level and good above 805-803 level.
The RCOM is weak below 444-45 and may get support at 421-23 level.
The DLF and JP may ease to Bears, DLF is weak below 561-63 level and the support can be at 530-32 level. JP is good above 183 level as it was in bull grip likely to find support at 178-76 level.
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 metals are in bear grip, Tata steel may go below the recent low at 580 level. The Sail is attacting buyers at lower 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 SBI is weak below 1525-23 level. The Relcap will become weak below 1393 level. Both counters are trading in the earlier posted 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.
For Nifty levels, Visit: www.stocksdoctor.blogspot.com
The ADRs like ICICI was down by 8.2%, HFDC bank down by 5.26 %, INFY down by 3.3 %, WIPRO down by 3.2%, SATYAM down by 4.45% AND Tata Motors by 3.7%.
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 ONGC is good above 1100 and weak below 1085 level.
The Bharti is likely to get bull support at 795-793 level and good above 805-803 level.
The RCOM is weak below 444-45 and may get support at 421-23 level.
The DLF and JP may ease to Bears, DLF is weak below 561-63 level and the support can be at 530-32 level. JP is good above 183 level as it was in bull grip likely to find support at 178-76 level.
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 metals are in bear grip, Tata steel may go below the recent low at 580 level. The Sail is attacting buyers at lower 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 SBI is weak below 1525-23 level. The Relcap will become weak below 1393 level. Both counters are trading in the earlier posted 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.
For Nifty levels, Visit: www.stocksdoctor.blogspot.com
Tuesday, August 12, 2008
The fall & consolidation may….
The consolidation may happen even there is a minor fall in the indices.
The Tata Motors and Maruti may face selling pressure, likely to down by 4-5%.
The RIL and RPL are at their same levels. RIL face selling pressure below 2300 and RPL below 165 level.
The DLF is good above 565 but the higer level selling expexted at 575-73 level.
The JP may face selling above 205-203 level but good above 191 level.
The RCOM failed to move up above 456, good above 451-53 level weak below 444-45. The Bharti is testing the patience of the Bulls but good above 849-51 level weak below 836 level.The Tata Steel is good above 651-53 level. Sail is good above 149 level. Most of the scrips levels has not changed except Rel Infra good above 1081-75 level, is in Bull grip.
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 Tata Motors and Maruti may face selling pressure, likely to down by 4-5%.
The RIL and RPL are at their same levels. RIL face selling pressure below 2300 and RPL below 165 level.
The DLF is good above 565 but the higer level selling expexted at 575-73 level.
The JP may face selling above 205-203 level but good above 191 level.
The RCOM failed to move up above 456, good above 451-53 level weak below 444-45. The Bharti is testing the patience of the Bulls but good above 849-51 level weak below 836 level.The Tata Steel is good above 651-53 level. Sail is good above 149 level. Most of the scrips levels has not changed except Rel Infra good above 1081-75 level, is in Bull grip.
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 11, 2008
boom time...
The market likely to settle at higher level in the morning it is good to adopt buy and sell strategy. As the opening is with a huge gap, it is difficult to assess the individual stocks performance.
The RIL is good above 2320 level and find more buyer support above 2340 level.
The realty sector again in news headlines- The DLF is good above 561-63 level, UNITECH good above 183, JP is good above 191 may cross the 200 mark.
The metals are loosing their upward steam may get bottom support. The Tata Steel is good above 651 and weak below 639 level. Sail is good above 149 and may see selling pressure below 143.
The BHEL is struggling at higher level may find resistance at 184-51 level. LT may find resistance at 2885-93 level, REL infra at 1045-50 level.
The booming banking lot is slightly distribution stage as the SBI is trading for a discount with others.
SBI is good above 1565, weak below 1540 level, Relcap good above 1420 weak below 1385, ICICI good above 729 may face selling pressure below 720-16 level.
For Nifty levels, Visit: www.stocksdoctor.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 is good above 2320 level and find more buyer support above 2340 level.
The realty sector again in news headlines- The DLF is good above 561-63 level, UNITECH good above 183, JP is good above 191 may cross the 200 mark.
The metals are loosing their upward steam may get bottom support. The Tata Steel is good above 651 and weak below 639 level. Sail is good above 149 and may see selling pressure below 143.
The BHEL is struggling at higher level may find resistance at 184-51 level. LT may find resistance at 2885-93 level, REL infra at 1045-50 level.
The booming banking lot is slightly distribution stage as the SBI is trading for a discount with others.
SBI is good above 1565, weak below 1540 level, Relcap good above 1420 weak below 1385, ICICI good above 729 may face selling pressure below 720-16 level.
For Nifty levels, Visit: www.stocksdoctor.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 8, 2008
The weakness may widen….
The RIL may face resistance at 2303-05 level and good above 2325-28 level then it can touch 2365-70 level.
The RPL levels are same and will become weaker below 163 level.
The Bharti is good above 825-28 level, may face first resistance at 859-64 level and likely to get support at 809-806.
The RCOM faces resistance at 445-46 level good above 451 level.
The DLF,UNITECH, JP in bull grip.
The Tata Steel is good above 653-51, SAIL good above 151.
The Essar oil may correct further and bounce back from 216-18 level.
For Nifty levels, Visit: http://www.stocksdoctor.blogspot.com/
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
15495/7825
The RPL levels are same and will become weaker below 163 level.
The Bharti is good above 825-28 level, may face first resistance at 859-64 level and likely to get support at 809-806.
The RCOM faces resistance at 445-46 level good above 451 level.
The DLF,UNITECH, JP in bull grip.
The Tata Steel is good above 653-51, SAIL good above 151.
The Essar oil may correct further and bounce back from 216-18 level.
For Nifty levels, Visit: http://www.stocksdoctor.blogspot.com/
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
15495/7825
Thursday, August 7, 2008
The bears have advantage....
The ADRs are in green but both sides momentum buying and selling expected at this juncture.
The RIL has resistance at 2315 and will become strong above 2325. The weakness will put
pressure below 2285 and can see a steep fall below 2271-2270 level.
The RPL is strong above 171 and weak below 169. The RCOM is strong above 451-53 level, can touch 475 level if it can trade above 456 level and will become weak below 441 level.
The JP is good above 189 and weak below 181 level. The DLF is getting resistance at 556-559 level.
The Rel cap is weak below 1393 and good above 1420 level. The SBI is good above 1575 level. The ICICI is good above 721 and weak below 708 level.
The RIL has resistance at 2315 and will become strong above 2325. The weakness will put
pressure below 2285 and can see a steep fall below 2271-2270 level.
The RPL is strong above 171 and weak below 169. The RCOM is strong above 451-53 level, can touch 475 level if it can trade above 456 level and will become weak below 441 level.
The JP is good above 189 and weak below 181 level. The DLF is getting resistance at 556-559 level.
The Rel cap is weak below 1393 and good above 1420 level. The SBI is good above 1575 level. The ICICI is good above 721 and weak below 708 level.
Wednesday, August 6, 2008
The Asian green….
The Asian markets are green and are moving up
The RIL good above 2250 and may touch 2315 and can advance to 2350 level.
The Tata Steel is good above 691 and weak below 678-79.
The Essar oil may correct further in case it trades below 236-34 level, the high shall be restricted at 245 level
The DLF, Unitech, JP are in good momentum.
The RPL is strong above 175 and weak below 169.
The JP may face higher level selling at 193 level.
The Relcap may find resistance at 1471-75 level, SBI at 1621-23 level. The ICICI bank likely to retrace from 713-15 level and it will become strong above 728 level.
The RCOM is good above 446-48 and weak below 436-38 level.
The RIL good above 2250 and may touch 2315 and can advance to 2350 level.
The Tata Steel is good above 691 and weak below 678-79.
The Essar oil may correct further in case it trades below 236-34 level, the high shall be restricted at 245 level
The DLF, Unitech, JP are in good momentum.
The RPL is strong above 175 and weak below 169.
The JP may face higher level selling at 193 level.
The Relcap may find resistance at 1471-75 level, SBI at 1621-23 level. The ICICI bank likely to retrace from 713-15 level and it will become strong above 728 level.
The RCOM is good above 446-48 and weak below 436-38 level.
Monday, August 4, 2008
The consolidation in volatile move……..
The Nifty moved in a narrow margin with volatility wiping the traders on both sides but the investors gained as many stocks made stellar moves, especially the Essar oil gaining more than 16%. The Nifty took the much needed support but could not cross the resistance at 4445-40 level is a big concern for tomorrow.
The market pulse check by STOCKOMETER:
The NIFTY has immediate support at 4358-61 level, the low registered at 4362.90.
As suggested in the stock specific action: The RIL is strong so long it trades above 2250 and will become weak if it trades below 2230 level. The beaten down RCOM may put its neck out above the trouble if it could trade above 455 level and will be weak below 439. It was traded in very narrow band.
The RPL could cut the resistance at 169 on Friday but the major resistance at 174-175 level, for today it will be weak below 166. The RPL high at 175.1 and low at 167.40 . The DLF and Unitech may find buyers if they can form foreign alliances for 3G. The DLF is good above 503 and weak below 493. The DLF high at 524.1 and low at 501. The Unitech is good above 173 and weak below 166-65 level. The Unitech high at 175.0 and low at 167.00. The JP good above 166 and weak below 163. The JP high at 171.90 and low was registered at 152.15 but did not trade below 166 level. The SBI has support above 1445-50 level, The high at 1547.0 and low at 1479.00. Relcap is good above 1293-96 level. The high touched at 1373.0 and low at 1310.00
For Stock Specific Action, Visit: www.intradaystockcalls.blogspot.com
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The market pulse check by STOCKOMETER:
The NIFTY has immediate support at 4358-61 level, the low registered at 4362.90.
As suggested in the stock specific action: The RIL is strong so long it trades above 2250 and will become weak if it trades below 2230 level. The beaten down RCOM may put its neck out above the trouble if it could trade above 455 level and will be weak below 439. It was traded in very narrow band.
The RPL could cut the resistance at 169 on Friday but the major resistance at 174-175 level, for today it will be weak below 166. The RPL high at 175.1 and low at 167.40 . The DLF and Unitech may find buyers if they can form foreign alliances for 3G. The DLF is good above 503 and weak below 493. The DLF high at 524.1 and low at 501. The Unitech is good above 173 and weak below 166-65 level. The Unitech high at 175.0 and low at 167.00. The JP good above 166 and weak below 163. The JP high at 171.90 and low was registered at 152.15 but did not trade below 166 level. The SBI has support above 1445-50 level, The high at 1547.0 and low at 1479.00. Relcap is good above 1293-96 level. The high touched at 1373.0 and low at 1310.00
For Stock Specific Action, Visit: www.intradaystockcalls.blogspot.com
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The weak Global cues…..
The RIL is strong so long it trades above 2250 and will become weak if it trades below 2230 level.
The beaten down RCOM may put its neck out above the trouble if it could trade above 455 level and will be weak below 439.
The RPL could cut the resistance at 169 on Friday but the major resistance at 174-175 level, for today it will be weak below 166.
The DLF and Unitech may find buyers if they can form foreign alliances for 3G. The DLF is good above 503 and weak below 493. The Unitech is good above 173 and weak below 166-65 level. The JP made good move on yesterday, good above 166 and weak below 163.
The SBI has support above 1445-50 level, Relcap is good above 1293-96 level.
For Nifty levels, Visit: www.stocksdoctor.blogspot.com
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The beaten down RCOM may put its neck out above the trouble if it could trade above 455 level and will be weak below 439.
The RPL could cut the resistance at 169 on Friday but the major resistance at 174-175 level, for today it will be weak below 166.
The DLF and Unitech may find buyers if they can form foreign alliances for 3G. The DLF is good above 503 and weak below 493. The Unitech is good above 173 and weak below 166-65 level. The JP made good move on yesterday, good above 166 and weak below 163.
The SBI has support above 1445-50 level, Relcap is good above 1293-96 level.
For Nifty levels, Visit: www.stocksdoctor.blogspot.com
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Wednesday, July 30, 2008
The positive US and Asia….
The Nasdaq moved up above 50 points and our ADRs are in green.
The US stocks moved up and recoverd all the losses it made in the earlier session. The Indian ADR’s gained much value, especially the tech pack. The Infy up by 4.2%, Satyam up by 6.09% and Wipro up by more than 4%. The ICICI up by 3.2%, HDFC bank up by 1.7%, Tata Motors up by 5.4%,
Now the Asian markets-Hang Seng up by 380 points, Nikkie up by 155 points, Straits Times up by 30 points.
The Infra stocks like LT, Rel Infra, Punj Lloyd, ABB will find buyers. The LT is good above 2620, Rel Infra is good above 920, likely to touch and trade above 960 Punj Lloyd is good above 250.
The Reliance is strong above 2115 and weak below 2085. The support is expected at 2050 level.
The ONGC stock will become strong above 9890 level and will be very good above 1015 level, weak below 965 and the support at 940 level.
The RPL will cross 163 and may touch and trade above 158-59 resistance level.
The RCOM will be good above 501-498 and weak below 491, likely to cross 518.
The banking sector was under the Repo & CRR pressure. So the banking stocks may get seller at higher levels.
The SBI has support at 1282-85 levels and next best at 1262-65 level.
The Relcap is weak 1240 and good above 1265.
The DLF is weak below 473 and good above 481, resistance at 495 level.
The Tata steel is good above 591 and weak below 576.
For Nifty levels, Visit: www.stocksdoctor.blogspot.com
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The US stocks moved up and recoverd all the losses it made in the earlier session. The Indian ADR’s gained much value, especially the tech pack. The Infy up by 4.2%, Satyam up by 6.09% and Wipro up by more than 4%. The ICICI up by 3.2%, HDFC bank up by 1.7%, Tata Motors up by 5.4%,
Now the Asian markets-Hang Seng up by 380 points, Nikkie up by 155 points, Straits Times up by 30 points.
The Infra stocks like LT, Rel Infra, Punj Lloyd, ABB will find buyers. The LT is good above 2620, Rel Infra is good above 920, likely to touch and trade above 960 Punj Lloyd is good above 250.
The Reliance is strong above 2115 and weak below 2085. The support is expected at 2050 level.
The ONGC stock will become strong above 9890 level and will be very good above 1015 level, weak below 965 and the support at 940 level.
The RPL will cross 163 and may touch and trade above 158-59 resistance level.
The RCOM will be good above 501-498 and weak below 491, likely to cross 518.
The banking sector was under the Repo & CRR pressure. So the banking stocks may get seller at higher levels.
The SBI has support at 1282-85 levels and next best at 1262-65 level.
The Relcap is weak 1240 and good above 1265.
The DLF is weak below 473 and good above 481, resistance at 495 level.
The Tata steel is good above 591 and weak below 576.
For Nifty levels, Visit: www.stocksdoctor.blogspot.com
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Tuesday, July 29, 2008
The global sell off…….
The US stocks plunged; the ADR’s lost much value. The ICICI down by 8.5%, HDFC bank down by 2.7%, Tata Motors down by 6.6%,Infy down by 1.3%, Satyam down by 2.7% and Wipro down by more than 2%. The Tata Communications down by more than 9%.
Now the Asian markets-Hang Seng down by 560 points, Nikkie down by 285 points, Straits Times down by 40 points.
The bleak scenario will erode our bottom supports.
The RIL is strong above 2185 and weak below 2150. The support is expected at 2085 next one at 2040-45 level. The RPL is to cross the first hurdle at 163 and weak below 159.
The ONGC stellar results will give some relief but the stock run up from 780 to 1040. The stock will become weak below 1005 and the support at 940 level.
The RCOM will be good above 509 and weak below 498.
The SBI has support at 1335-25 levels weak below 1440-45 level.
The Relcap is weak 1320 and the first support at 1260-56and the second support at 1215-20 level.
The DLF is weak below 493 and good above 503.
The Tata steel is good above 615 and weak below 608 and the support may come at 571-568.
The positive news is developing for Cairn and good above 230 and weak below 218-19 level.
For Nifty levels, Visit: www.stocksdoctor.blogspot.com
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Now the Asian markets-Hang Seng down by 560 points, Nikkie down by 285 points, Straits Times down by 40 points.
The bleak scenario will erode our bottom supports.
The RIL is strong above 2185 and weak below 2150. The support is expected at 2085 next one at 2040-45 level. The RPL is to cross the first hurdle at 163 and weak below 159.
The ONGC stellar results will give some relief but the stock run up from 780 to 1040. The stock will become weak below 1005 and the support at 940 level.
The RCOM will be good above 509 and weak below 498.
The SBI has support at 1335-25 levels weak below 1440-45 level.
The Relcap is weak 1320 and the first support at 1260-56and the second support at 1215-20 level.
The DLF is weak below 493 and good above 503.
The Tata steel is good above 615 and weak below 608 and the support may come at 571-568.
The positive news is developing for Cairn and good above 230 and weak below 218-19 level.
For Nifty levels, Visit: www.stocksdoctor.blogspot.com
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Monday, July 28, 2008
The threats & blasts impact…..
The heavy weights are at their verge of their support levels.
The RIL has support at 2085-90 level and resistance at 2245-50.
The important level for RPL to cross that energizes the Nifty also is 174. For today RPL has to trade above 163 and weak below 159.
The ICICI has support at 645level and resistance at 685, the scrip is very weak below 660 levels and to negate the negative view it has to trade above 678-79.
The ONGC has support at 944-45 level and resistance at 1005-1006.
The SBI has support at 1389-91 level and resistance at 1495-90. The SBI will become weak below 1453-55 level.
The Relcap has support at 1241-45 level and resistance at 1335-1339.
The Infy will become strong above 1585 and weak below 1550.
The satyam will find buyers above 379-81 and become weak below 365.
The Wipro is relative strong among the tech pack will run-up above 431 and may become weak below 396-98 level.
The DLF is good above 506 and weak below 393 and may touch 460-455 before it resume it’s upward move.
For Nifty levels, Visit: www.stocksdoctor.blogspot.com
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The RIL has support at 2085-90 level and resistance at 2245-50.
The important level for RPL to cross that energizes the Nifty also is 174. For today RPL has to trade above 163 and weak below 159.
The ICICI has support at 645level and resistance at 685, the scrip is very weak below 660 levels and to negate the negative view it has to trade above 678-79.
The ONGC has support at 944-45 level and resistance at 1005-1006.
The SBI has support at 1389-91 level and resistance at 1495-90. The SBI will become weak below 1453-55 level.
The Relcap has support at 1241-45 level and resistance at 1335-1339.
The Infy will become strong above 1585 and weak below 1550.
The satyam will find buyers above 379-81 and become weak below 365.
The Wipro is relative strong among the tech pack will run-up above 431 and may become weak below 396-98 level.
The DLF is good above 506 and weak below 393 and may touch 460-455 before it resume it’s upward move.
For Nifty levels, Visit: www.stocksdoctor.blogspot.com
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Friday, July 25, 2008
The US fall spreads red….
Steep fall in ADRs..........The US credit concerns meted the Indian ADRs also ….
The ICICI bank lost more than 10 %, HDFC bank lost more than 8%, Satyam, Infy and Wipro lost more than 5%.. So we can expect the same here….
The ONGC has upside cap at 1070 level and the bottom support at 970-965 level and likely to see red.
The SBI has resistance at 1515 level and the support at 1430 and at1400 level.
The ICICI will become weak below 721 and likely to touch at 663 level.
The RCOM is strong above 509 and weak below 493 and likely to touch at 471 and the next support at 457-59 level.
The Relcap has one of the strong upward momentums but will succumb to the down ward pressure and find support at 1290-96 level.
The Reality sector may face selling pressure; DLF is strong above 506 and weak below 495 and has good support at 460 level.
The JP is good above 174 and weak below 169 and will become further weak below 157.
The metals lost their sheen yesterday so they oscillate, Tata steel weak below 631 and strong support and good for delivery only above 685.
Infy is good above 1585 and weak below 1563, Satyam is good above 379-81 level and Wipro is in bull grip very good above 428 level.
The Nifty levels, Visit: http://www.stocksdoctor.blogspot.com/
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The ICICI bank lost more than 10 %, HDFC bank lost more than 8%, Satyam, Infy and Wipro lost more than 5%.. So we can expect the same here….
The ONGC has upside cap at 1070 level and the bottom support at 970-965 level and likely to see red.
The SBI has resistance at 1515 level and the support at 1430 and at1400 level.
The ICICI will become weak below 721 and likely to touch at 663 level.
The RCOM is strong above 509 and weak below 493 and likely to touch at 471 and the next support at 457-59 level.
The Relcap has one of the strong upward momentums but will succumb to the down ward pressure and find support at 1290-96 level.
The Reality sector may face selling pressure; DLF is strong above 506 and weak below 495 and has good support at 460 level.
The JP is good above 174 and weak below 169 and will become further weak below 157.
The metals lost their sheen yesterday so they oscillate, Tata steel weak below 631 and strong support and good for delivery only above 685.
Infy is good above 1585 and weak below 1563, Satyam is good above 379-81 level and Wipro is in bull grip very good above 428 level.
The Nifty levels, Visit: http://www.stocksdoctor.blogspot.com/
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Wednesday, July 23, 2008
The positive news……
The markets are enjoying the positive news from global markets and at home.
The tech stocks may get short covering and buying. The Infy is good above 1581, Satyam is good above 373 level.
The RCOM is good above 463 and may cross 490 in its journey. The Bharti is good above 793 and may cross 820 level.
The Govt. agenda to pass the bills of Banking and insurance can help SBI, ICICI, Kotak, Relcap and other companies existing in insurance sector.
The Relcap is good above 1145-50 level and likely to cross 1220 level.
The RPL may cross 168-169 level to cross the hurdle at 173-174 level. The essar oil is good above 181 and may touch above 195.
The Nifty levels, Visit: www.stocksdoctor.blogspot.com
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The tech stocks may get short covering and buying. The Infy is good above 1581, Satyam is good above 373 level.
The RCOM is good above 463 and may cross 490 in its journey. The Bharti is good above 793 and may cross 820 level.
The Govt. agenda to pass the bills of Banking and insurance can help SBI, ICICI, Kotak, Relcap and other companies existing in insurance sector.
The Relcap is good above 1145-50 level and likely to cross 1220 level.
The RPL may cross 168-169 level to cross the hurdle at 173-174 level. The essar oil is good above 181 and may touch above 195.
The Nifty levels, Visit: www.stocksdoctor.blogspot.com
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Tuesday, July 22, 2008
The correction is due…
Though it is not a bull market but could rise strongly from the lows. The rise was relatively very sharp despite lack of positive news in the country. The political uncertainty will unfold and the markets will take its real course.
The global cues are also in very favourable. So it is better to wait for the opportunity to sell at higher levels.
The RIL is strong above 2130 and will become weak below 2115 level. The ONGC is likely to close below 932.
The RCOM is good above 448-49 level and become weak below 441 and likely to close below that price. The Bharti may become weak for today but become strong in coming days.
The JP associates is strong above 163 and become weak below 159. The DLF likely to close below 450 and may touch 436-33 level.
The banking counters are likely to loose their bottom. The SBI, ICICI and Relcap will loose their bottom support.
The steel counters and the pharma counters may display their strength even market falls. The tech counters may resume upward move with the support from bargain hunters.
The Nifty levels, Visit: www.stocksdoctor.blogspot.com
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The global cues are also in very favourable. So it is better to wait for the opportunity to sell at higher levels.
The RIL is strong above 2130 and will become weak below 2115 level. The ONGC is likely to close below 932.
The RCOM is good above 448-49 level and become weak below 441 and likely to close below that price. The Bharti may become weak for today but become strong in coming days.
The JP associates is strong above 163 and become weak below 159. The DLF likely to close below 450 and may touch 436-33 level.
The banking counters are likely to loose their bottom. The SBI, ICICI and Relcap will loose their bottom support.
The steel counters and the pharma counters may display their strength even market falls. The tech counters may resume upward move with the support from bargain hunters.
The Nifty levels, Visit: www.stocksdoctor.blogspot.com
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Monday, July 21, 2008
Any thing can happen.....
The RIL is strong above 2080-85 level and good above 2050 level.
The ONGC is good above 923-17 level weak below 900 level.
The BHEL, REL Infra and NTPC shall trade with positive bias.
The BHEL is strong above 1485 and will become weak below 1455 and could go down due to poor results. The REL infra is strong above 820 and will become week below 805.
The BHEL is strong above 1485 and will become weak below 1455 and could go down due to poor results. The REL infra is strong above 820 and will become week below 805.
The RPL has weakness in the momentum but good above 156 and weak below 151.
The JP Associates may face selling pressure and weak below 158 and could see free fall below 151.
The RCOM is good above 429 and become weak below 418-18, Bharti is good above 785 and second support at 771-69.
The RCOM is good above 429 and become weak below 418-18, Bharti is good above 785 and second support at 771-69.
The ICICI is good above 605-08 will become weak below 591-93 level. The SBI is in bull grip is good above 1270 and will become weak only below 1220-1225 level
The Nifty levels, Visit: www.stocksdoctor.blogspot.com
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.
Friday, July 18, 2008
The Up move may continue…
The RIL is strong above 2020 level and gain strength above 2050 level
The Infy is good above 1605 can touch 1680 level.
The Tata Steel may get bounce back support that can take it to 639-41 level where there is resistance
The RCOM is strong above 421-23 level can touch 437 but become weak below 409.
The Stock Specific Action, Visit: www.intradaystockcalls.blogspot.com
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The Infy is good above 1605 can touch 1680 level.
The Tata Steel may get bounce back support that can take it to 639-41 level where there is resistance
The RCOM is strong above 421-23 level can touch 437 but become weak below 409.
The Stock Specific Action, Visit: www.intradaystockcalls.blogspot.com
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Thursday, July 17, 2008
The positive and green …
The Stocks are likely to exhibit at least 2-3% gain from their closings.
The RIL is positive above1970 and will become weak below 1950 advance further above 2000.
The SBI is positive above1170 and will become further strong above 1195
The ICICI is positive above530 and will move fast above 540 become weak below 520
The RPL is positive above157 and increase the run above 161 will become weak below 150.
The Infy is good above 1585 and become much stronger above 1605 and will become weak below 1530.
The RCOM is good above 405 and weak below 393 level.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The RIL is positive above1970 and will become weak below 1950 advance further above 2000.
The SBI is positive above1170 and will become further strong above 1195
The ICICI is positive above530 and will move fast above 540 become weak below 520
The RPL is positive above157 and increase the run above 161 will become weak below 150.
The Infy is good above 1585 and become much stronger above 1605 and will become weak below 1530.
The RCOM is good above 405 and weak below 393 level.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Wednesday, July 16, 2008
THE VOLITILE SESSION...
The markets closed in a volitile session at 3816. The RIL lost groung when it fell below 2020 and the RPL slipped to 152 level once it failed to trade above 163 level. Inspite of the turbulant session ONGC could hold above the 840 level and the Bharti could trade and close above 721 level. These levels are still valid to those stocks and the Nuclear deal can give boost to NTPC, good above 163 level.
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