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.
Friday, July 25, 2008
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.
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