Skip to main content

Market Next Week

GLOBAL STORY (18-5-2013):

Finally inflation dropped below 5% which always prompted heavy short covering coupled with FII buying. This bought nifty at 6200 which is not too far from its all time high figure of 6330/6336

We had mentioned 6210 will come and nifty now close to 6200. We still believe that 6210 is a major resistance. If some deceiving more has to happen it might travel to 6250/6300 but surely correct till 6000 before loading to new levels.
The settlement is expiring on 30th May which suggests 9 trading left. We had been holding our view from when that ICM & IPL are no different. IPL has come in public domain & whole world has realised about fixing .Same way (ICM) Indian capital market too will come in public domain where absence of physical settlement is used to for controlled moves in the market. The V –SHAPED movement of market is completely managed and visible but for evidence will remain under carpet till its gates get opened in public domain.

Huge OI of Rs 6000 put clearly suggest that market may travel till 6000 during the settlement period. We clearly suggest no big buying for next 9 sessions. Rather one can selective short with strict stop losses at every rise.
How-ever mid-cap stocks action will start as large cap stocks are becoming expensive pick.

Comments

Post a Comment

Popular posts from this blog

Wizard of Dalal Street: Govind Parikh's investment mantra

Wizard of Dalal Street: Govind Parikh's investment mantra Govind Parikh of Govind Parikh Securities says selling right is more important than correct buying. He says it is necessary to keep a lot of cash. "We keep an average 10 percent cash in our portfolio," he says I like to buy things in a bad market. Additionally, don't look current cash flow, concentrate on future cash flows — that is what  I look at," says Govind Parikh of Govind Parikh Securities. He advises investors to buy good quality stocks when the market crashes. While sharing his investment philosophy with ace investor Ramesh Damani, on the Wizards of Dalal Street, Parikh says management integrity is very important when deciding which stock to bet on. He tells investors not to buy stocks impulsively. According to him, selling right is more important than correct buying. He says it is necessary to keep a lot of cash. "We keep an average 10 percent cash in our portfolio," he says. He al...
2 comments
Read more
LIC IPO Shorts  The largest market capitalization in the making. The govt selling 5 percent stake...... The cuttoff price 2100 Listing price 3000 or more shall be included in the nifty Pro Large base of policies Large Market Share Cons Decling market share viz viz private companies higher cost insurance policies Bottom line can apply for LIC IPO for listing gains..... For More do have a look at the Link Below https://www.youtube.com/watch?v=VPGp5V1ecDM  
Post a Comment
Read more
  NASDAQ's Crack Will Rattle Global Equities During the week, the confidence of the bulls got shattered when tech-focused US companies crashed rattling the entire financial markets. Nasdaq's crash does not look like a normal correction but seems like a bigger downward spiral unfolding after valuations sky-rocketed. Given that US elections are only 52 days away, it seems unlikely that US markets will make fresh highs again and there is every likelihood that selling pressure may continue even in broader markets. Crude oil too has given up most of its gains and prices are below USD 40 per barrel on expectations of lower demand going ahead which suggests that global recovery might take longer than earlier anticipated. In contrast surprisingly, gold's move is not hinting at any major crash in the financial markets, given that gold prices consolidated and remained steady even when Nasdaq plummeted. One of the important ways to analyze the psyche of an investor is by measuring mut...
Post a Comment
Read more