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.
Friday, September 5, 2008
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.
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