Friday, July 30, 2010
Thursday, July 29, 2010
Wednesday, July 28, 2010
Tuesday, July 27, 2010
Nifty View (27/07/2010)
Nifty View : CMP 5455. Going forward, it needs to sustain abv 5465 to be bullish. IF does not cross & sustain 5465, will slide down. .
If does not cross 5465 on the upside will fall upto 5402 & 5390.
If breaks 5386, will slide more upto 5339
If does not cross 5465 on the upside will fall upto 5402 & 5390.
If breaks 5386, will slide more upto 5339
Monday, July 26, 2010
Nifty View (26/07/2010)
Nifty Fut 5449/5450 to 5428. Book partial & Revise SL to 5449.
Sent on Friday : Short Nifty @ 5449 SL 5462 Tgt 5425, 5410.
Sent on Friday : Short Nifty @ 5449 SL 5462 Tgt 5425, 5410.
Weekly Market Analysis (26 July - 30 July)
Dear All,
The Week Gone By!!!
Last Week, Key Benchmark Indices Nifty & Sensex advanced almost 1% (WoW), closing at its highest level since 6th Feb 2008. Positive Global cues helped the Markets to inch up higher.
Sentiments were also boosted by not many Companies reporting lower than expected Quarterly numbers. Except Maruti which came out with its nos over the weekend which were lower than expected, most Large Cap companies which reported their nos were almost in line with Expectations or better than expected.
The Prime Minister’s Economic Advisory Panel has forecasted 8.5% growth in GDP for FY11 and is also expecting Inflation to come down around 6.5% by March 2011.
Globally,
Dow Jones recovered from 10100 levels & closed at weekly highs of 10424 levels which bought a lot of buying spree amongst developing markets. Even the results of the stress test conducted of banks in Europe has been moderately positive with only 7 out of 91 Banks failing to pass the test & all big banks passing the test comfortably.
For the week ended 23rd July 2010,
Change in Global Markets:
US markets: + 3-4%
European Markets: FTSE up 2.98%, CAC up 3% & DAX up 2.08%.
Asian Markets: HangSeng up 2.79%, Shanghai up 6%, Nikkei up 0.24%, Kospi up 1.13%
The Week Ahead!!
The coming week will be very crucial on account of many important events such as Credit Policy announcement on 27th July, FnO expiry on 29th July & Reliance results.
It was expected that RBI would announce a 50 bps increase in key interest rates by 27th July. But with 25bps increase already announced on 2nd July, a further 25 bps increase will have any significant impact on the markets as it has been almost priced in. Only if the increase is more than 25bps, we may witness a sharp sell-off.
The progress of the monsoon is also keenly followed. According to MET, annual monsoon rains were 17% below normal for week upto 21st July improving from a 24% deficit in the previous week.
Again, We would like to re-iterate the importance of movement of Reliance for deciding the trend for the market. It has by far been the most range bound stock & not participated in the index upmove. We may witness some big volataile movements in Reliance in coming week in anticipation of the results.
Many other large caps such as NTPC, LT, DLF, HERO HONDA, ONGC & SAIL will also be announcing their Quarterly results in the coming week.
Keep an eye on Metal Sector which seens to be bottomed out & may give decent returns in the short term. Tata Steel, Jindal Steel & Power, Sesa Goa & Mahindra Ugin may witness some good buying.
Nifty Analysis:
Nifty Future has a strong resistance at 5480-5492 area, crossing & sustaining over which, it will be headed upto 5565.
On the other side, strong support lies at 5404, below which it could fall upto 5335. Only if it breaks 5310-5330 area, it will correct upto 5232 & 5189 levels.
Ps : Views & Comments on the above Analysis is Welcome. Please feel free to write in at marketview@ymail.com.
Regards,
Team Market View Investments.
9987750901.
The Week Gone By!!!
Last Week, Key Benchmark Indices Nifty & Sensex advanced almost 1% (WoW), closing at its highest level since 6th Feb 2008. Positive Global cues helped the Markets to inch up higher.
Sentiments were also boosted by not many Companies reporting lower than expected Quarterly numbers. Except Maruti which came out with its nos over the weekend which were lower than expected, most Large Cap companies which reported their nos were almost in line with Expectations or better than expected.
The Prime Minister’s Economic Advisory Panel has forecasted 8.5% growth in GDP for FY11 and is also expecting Inflation to come down around 6.5% by March 2011.
Globally,
Dow Jones recovered from 10100 levels & closed at weekly highs of 10424 levels which bought a lot of buying spree amongst developing markets. Even the results of the stress test conducted of banks in Europe has been moderately positive with only 7 out of 91 Banks failing to pass the test & all big banks passing the test comfortably.
For the week ended 23rd July 2010,
Change in Global Markets:
US markets: + 3-4%
European Markets: FTSE up 2.98%, CAC up 3% & DAX up 2.08%.
Asian Markets: HangSeng up 2.79%, Shanghai up 6%, Nikkei up 0.24%, Kospi up 1.13%
The Week Ahead!!
The coming week will be very crucial on account of many important events such as Credit Policy announcement on 27th July, FnO expiry on 29th July & Reliance results.
It was expected that RBI would announce a 50 bps increase in key interest rates by 27th July. But with 25bps increase already announced on 2nd July, a further 25 bps increase will have any significant impact on the markets as it has been almost priced in. Only if the increase is more than 25bps, we may witness a sharp sell-off.
The progress of the monsoon is also keenly followed. According to MET, annual monsoon rains were 17% below normal for week upto 21st July improving from a 24% deficit in the previous week.
Again, We would like to re-iterate the importance of movement of Reliance for deciding the trend for the market. It has by far been the most range bound stock & not participated in the index upmove. We may witness some big volataile movements in Reliance in coming week in anticipation of the results.
Many other large caps such as NTPC, LT, DLF, HERO HONDA, ONGC & SAIL will also be announcing their Quarterly results in the coming week.
Keep an eye on Metal Sector which seens to be bottomed out & may give decent returns in the short term. Tata Steel, Jindal Steel & Power, Sesa Goa & Mahindra Ugin may witness some good buying.
Nifty Analysis:
Nifty Future has a strong resistance at 5480-5492 area, crossing & sustaining over which, it will be headed upto 5565.
On the other side, strong support lies at 5404, below which it could fall upto 5335. Only if it breaks 5310-5330 area, it will correct upto 5232 & 5189 levels.
Ps : Views & Comments on the above Analysis is Welcome. Please feel free to write in at marketview@ymail.com.
Regards,
Team Market View Investments.
9987750901.
Friday, July 23, 2010
Thursday, July 22, 2010
Nifty View (22/07/2010)
5409 to 5376 !!! Book partial.
Sent Yesterday at 5409 : Nifty Fut looks weak. Distribution pattern visible. Unable to breach & sustain above its previous 2 days high of 5412 & 5416. Be careful in excessive longs.
You can check the above view by visiting :
http://mktviews-nifty50.blogspot.com/2010/07/nifty-view-21072010.html
Keep Eyes on TataSteel...May give a good upmove....
Sent Yesterday at 5409 : Nifty Fut looks weak. Distribution pattern visible. Unable to breach & sustain above its previous 2 days high of 5412 & 5416. Be careful in excessive longs.
You can check the above view by visiting :
http://mktviews-nifty50.blogspot.com/2010/07/nifty-view-21072010.html
Keep Eyes on TataSteel...May give a good upmove....
Wednesday, July 21, 2010
Nifty View (21/07/2010)
Nifty Fut CMP 5406. If does not cross 5416, will fall upto 5360 & 5340.
Nifty Fut looks weak. Distribution pattern visible. Unable to breach & sustain above its previous 2 days high of 5412 & 5416. Be careful in excessive longs.
Nifty Fut looks weak. Distribution pattern visible. Unable to breach & sustain above its previous 2 days high of 5412 & 5416. Be careful in excessive longs.
Tuesday, July 20, 2010
Nifty View (20/07/2010)
Nifty CMP 5405. Sell Nifty on rises with 5418 SL Tgt 5370, 5355. Positional Traders also hold shorts with same SL
Monday, July 19, 2010
Nifty View (19/07/2010)
Nifty Fut CMP 5409. If does not cross 5421, will crack upto 5380 & 5361. Short Nifty with 5421 SL
Friday, July 16, 2010
Nifty View (16/07/2010)
High Risk : Short Nifty @ 5396 SL 5411 Tgt 5358. Low Risk Traders may buy 5300 PE
Thursday, July 15, 2010
Wednesday, July 14, 2010
Tuesday, July 13, 2010
Nifty View (13/07/2010)
Nifty Fut CMP 5376. Hold yesterday's positional shorts with 5395 SL (Selling Cost).
Intraday Sell Nifty with same 5395 SL.
If Nifty crosses 5395, Buy with 5386 SL for 5420 Tgt
Intraday Sell Nifty with same 5395 SL.
If Nifty crosses 5395, Buy with 5386 SL for 5420 Tgt
Monday, July 12, 2010
Nifty View (12/07/2010)
5412 is a crucial Resistance on Nifty Future. High Risk Traders may short Nifty here CMP 5394 with SL 5412. Low Risk Buy 5200 PE. CMP 26
Sunday, July 11, 2010
Weekly Market Analysis (12 July - 16 July)
Last Week,
Benchmark Indices Nifty & Sensex both rose approx 2.2% WoW basis. An hike in 2010 global growth forecast by IMF, revival of monsoon rains & Expectations of strong Q1 corporate earnings boosted investor sentiments last week. Sentiments were even boosted by significant increase in direct as well as indirect tax collections.
Globally,
Dow Jones recovered from sub-9600 levels & gave a stellar pullback of 500 points & hit 10198 levels. 10240 is a strong resistance zone for Dow Jones. A turnaround was also visible in the Chinese Market with it rising 3.7% for the week. Expected positive outcome about the upcoming Bank stress test results in Europe & ECB leaving key interest rates unchanged also flared up the European banking Stocks.
US Result season also would kickstart from Monday & China would announce its Q2 GDP data later next week.
For the week ended 9th July 2010,
Change in Global Markets:
US markets: +5%
European Markets: FTSE up 6%, CAC up 6.16% & DAX up 3.96%.
Asian Markets: HangSeng up 2.4%, Shanghai up 3.7%, Nikkei up 4.1%, Kospi up 3.06%.
In our Markets last week,
Markets remained rangebound with a positive bias. Positive Global cues helped the markets to arrest the fall witnessed by other Global Markets week before.
IMF has forecasted India's GDP growth to accelerate to 9.4 per cent in 2010 from 8.8 per cent estimated in April due to robust corporate profits and deficit financing reforms of Government such as Fuel price deregulation & Successful 3G Auctions.
Sectors such as IT, Realty, Banking & Metals outperformed the Markets while FMCG, Power & Oil & Gas failed to impress the bourses.
Talks of Decontrolling the Sugar sector & thereby deregularising the sugar prices sent the sugar stocks roaring on Friday. Moreover Sugar Stocks looks to have bottomed out & can be picked up on dips for short term.
Telecom Stocks gained huge last week post reports of SingTel picking up 1.6 Million shares of Bharti Airtel from the open Market & sector upgrade report by Credit Suisse. This news spurred up Bharti Airtel as well as other telecom stocks with Bharti gaining 16.6% & Idea Cellular 15%.
Rupee Apprieciation has aided I.T stocks with Infosys gaining 5.7% & hitting its all Time High. IT index gained 4.6%. Infosys is all set to announce its result on Tuesday.
Stocks such as Bharti Airtel, M&M, Infosys, TCS, Tata Steel, Sterlite, SBI, HDFC Bank, DLF, Idea & BPCL were the major gainers while those on the losing side were ACC, HUL, Reliance Infra & NTPC.
Results of all major Large cap companies will start pouring in from this week. Auto Stocks may report good numbers on the back of heavy volume growth & record sales posted in the months gone by. Improved Lending Growth will spur bottom line of Banks.
For any next major upmove in our markets, movement of Reliance will be very important. Reliance which is an index heavy weight has remained slippery & showing some weakness.
On the macro front, Monthly IIP numbers as well as monthly Inflation numbers will be released on 12th July & 14th July respectively.
Nifty Analysis:
Nifty has gained over 2% in the week gone by. Though this upmove cannot be ruled out as one-off movement due to the inherent strength displayed vis-à-vis Global peers. But incidentally, volumes recorded are the lowest in last few months. Hence first couple of days in the upcoming week would be very crucial in determining the trend.
Nifty call options for July expiry with strike price of 5,400 remained most active while 5,300 puts witnessed huge buildup of new positions, reflecting that the markets could get strong support around 5,300 levels in the coming week.
India VIX was down by 4.31% to 20.21 on Friday compared to its previous close of 21.12 on Thursday. VIX retracing to around 20 levels may spell a word of caution for Nifty 5400+ prospects as there is a strong negative correlation between fall in VIX & rise in markets. Nifty Open Interest PCR (Put-Call Ratio) was up 1.27% to 1.31 from 1.29. Nifty Market-Wide PCR declined 12.61% to 0.81 from 0.93.
Nifty Future faces a strong resistance at 5376-5399 area, crossing & sustaining over which it would be headed upto 5460 & 5575.
Strong support lies at 5303, below which it could fall upto 5235.
Only if it breaks 5210-5230 area, it will correct upto 5126 & 5056.
Regards,
Team Market View Investments.
9987750901
Benchmark Indices Nifty & Sensex both rose approx 2.2% WoW basis. An hike in 2010 global growth forecast by IMF, revival of monsoon rains & Expectations of strong Q1 corporate earnings boosted investor sentiments last week. Sentiments were even boosted by significant increase in direct as well as indirect tax collections.
Globally,
Dow Jones recovered from sub-9600 levels & gave a stellar pullback of 500 points & hit 10198 levels. 10240 is a strong resistance zone for Dow Jones. A turnaround was also visible in the Chinese Market with it rising 3.7% for the week. Expected positive outcome about the upcoming Bank stress test results in Europe & ECB leaving key interest rates unchanged also flared up the European banking Stocks.
US Result season also would kickstart from Monday & China would announce its Q2 GDP data later next week.
For the week ended 9th July 2010,
Change in Global Markets:
US markets: +5%
European Markets: FTSE up 6%, CAC up 6.16% & DAX up 3.96%.
Asian Markets: HangSeng up 2.4%, Shanghai up 3.7%, Nikkei up 4.1%, Kospi up 3.06%.
In our Markets last week,
Markets remained rangebound with a positive bias. Positive Global cues helped the markets to arrest the fall witnessed by other Global Markets week before.
IMF has forecasted India's GDP growth to accelerate to 9.4 per cent in 2010 from 8.8 per cent estimated in April due to robust corporate profits and deficit financing reforms of Government such as Fuel price deregulation & Successful 3G Auctions.
Sectors such as IT, Realty, Banking & Metals outperformed the Markets while FMCG, Power & Oil & Gas failed to impress the bourses.
Talks of Decontrolling the Sugar sector & thereby deregularising the sugar prices sent the sugar stocks roaring on Friday. Moreover Sugar Stocks looks to have bottomed out & can be picked up on dips for short term.
Telecom Stocks gained huge last week post reports of SingTel picking up 1.6 Million shares of Bharti Airtel from the open Market & sector upgrade report by Credit Suisse. This news spurred up Bharti Airtel as well as other telecom stocks with Bharti gaining 16.6% & Idea Cellular 15%.
Rupee Apprieciation has aided I.T stocks with Infosys gaining 5.7% & hitting its all Time High. IT index gained 4.6%. Infosys is all set to announce its result on Tuesday.
Stocks such as Bharti Airtel, M&M, Infosys, TCS, Tata Steel, Sterlite, SBI, HDFC Bank, DLF, Idea & BPCL were the major gainers while those on the losing side were ACC, HUL, Reliance Infra & NTPC.
Results of all major Large cap companies will start pouring in from this week. Auto Stocks may report good numbers on the back of heavy volume growth & record sales posted in the months gone by. Improved Lending Growth will spur bottom line of Banks.
For any next major upmove in our markets, movement of Reliance will be very important. Reliance which is an index heavy weight has remained slippery & showing some weakness.
On the macro front, Monthly IIP numbers as well as monthly Inflation numbers will be released on 12th July & 14th July respectively.
Nifty Analysis:
Nifty has gained over 2% in the week gone by. Though this upmove cannot be ruled out as one-off movement due to the inherent strength displayed vis-à-vis Global peers. But incidentally, volumes recorded are the lowest in last few months. Hence first couple of days in the upcoming week would be very crucial in determining the trend.
Nifty call options for July expiry with strike price of 5,400 remained most active while 5,300 puts witnessed huge buildup of new positions, reflecting that the markets could get strong support around 5,300 levels in the coming week.
India VIX was down by 4.31% to 20.21 on Friday compared to its previous close of 21.12 on Thursday. VIX retracing to around 20 levels may spell a word of caution for Nifty 5400+ prospects as there is a strong negative correlation between fall in VIX & rise in markets. Nifty Open Interest PCR (Put-Call Ratio) was up 1.27% to 1.31 from 1.29. Nifty Market-Wide PCR declined 12.61% to 0.81 from 0.93.
Nifty Future faces a strong resistance at 5376-5399 area, crossing & sustaining over which it would be headed upto 5460 & 5575.
Strong support lies at 5303, below which it could fall upto 5235.
Only if it breaks 5210-5230 area, it will correct upto 5126 & 5056.
Regards,
Team Market View Investments.
9987750901
Friday, July 9, 2010
Nifty View (09/07/2010)
Nifty Fut CMP 5358. IF does not cross 5371, will crack pto 5325 & even lower.
Thursday, July 8, 2010
Wednesday, July 7, 2010
Nifty View (07/07/2010)
Nifty Fut CMP 5268. If fails to cross 5286, will fall all the way upto 5245 & 5230
Tuesday, July 6, 2010
Nifty View (06/07/2010)
Nifty Fut CMP 5256. If fails to break 5238, will bounce back all the way upto 5276 & 5298
Monday, July 5, 2010
Nifty View (05/07/2010)
Nifty Fut CMP 5258. If does not cross 5271, will fall upto upto 5226 & 5206.
Friday, July 2, 2010
Nifty View (02/07/2010)
Nifty CMP 5270/5272 : Looks Weak. Distribution pattern visible. Be cautious in Long Positions if any.
Low Risk Traders may buy 5100 PE. Buy in small Qty....
Low Risk Traders may buy 5100 PE. Buy in small Qty....
Thursday, July 1, 2010
Nifty Levels (01/07/2010)
Nifty Fut will find support at 5238 & 5209. Upper Resistance will be capped at 5276 & 5298.
Subscribe to:
Comments (Atom)