Archive April 2009



29/Apr/09
During the Market:
  • 03.45 pm. Nifty closed at 3472 after touching a day's high of 3486. The Advance/Decline for most part of the session remained at 45/5. The Top Gainers for he day were ICICIBANK, STER, TATAPOWER, RELCAPITAL & SUZLON, while the top losers were RPOWER, IDEA, GRASIM, AMBUJACEM & NATIONALUM.
  • 03.15 pm. Nifty has made a high of 3481 and is presently trading around 3474.
  • 02.55 pm. Nifty at 3460+ levels with Advance/Decline maintaining at 45/5 exhibiting inherent strength and in the process have trapped early morning short sellers. A surge is expected towards the last leg, if profit booking does not take place.
  • 01.54 pm. SUZLON, HEROHONDA, INFOSYSTCH, HDFC & STER are major gainers while top losers are AMBUJACEM, UNITECH, IDEA, MARUTI & CAIRN.
  • 01.50 pm. After lot of attempts Nifty could pierce through 3440 once foe a name-sake at 3441. Although Advance/Decline is very impressive at 45/5.
  • 10.29 am. Nifty has opened with a positive note. It surged to 3423 with top gainers being HDFC, TATACOMM, RELINFRA, RELCAPITAL & ICICIBANK while top losers are UNITECH, HINDUNILVR, GAIL & CAIRN. The Advance/Decline at 46/4 shows resilience.

Pre Market Analysis 09.00 am.

  • Global cues are mixed.
  • Crude has decline to under $50, while dollar has appreciated a bit.
  • After any good rally a small correction is welcome.
  • Expected High/low 3620/3260.
  • Buy at all dips of over 120 points in a day.
27/Apr/09
Post Market Analysis:

The blip today was the just the reason the market was awaiting fill the gaps created during last rally. It is expected that that the Nifty will show the resilience in coming session. Rather this should be used as an opportunity to enter the market instead of FEAR. The tends for Nifty will not turn negative till it goes below 3260.

The fundamentals of Indian bourses remain intact down to the levels of 3090. This appears to be a temporary blip.

Wait till the last day of settlement i.e. 30th. April'09 for forming any opinion.

In this market one should have nerves of steel. Sell or buy when it is favorable to you, don't worry about the market. If the market dips more vertically it is the best time to buy.
 


During the Market:


  • 03.45 am. Nifty ended near day's low at 3362 after touching a low of 3341. The advance/decline was at the dismal low of 1/49. Lone standing warrior was BPCL.
  • 11.47 am. Another LOW of 3508 and a dismal Advance/Decline of 6/44 spells of further downside,but this may be the bottom for the day, now the change of direction should come. As there are no negative cues for Nifty.
  • 11.40 am. Nifty has approached 3500, with Advance/Decline at 35/15, is expected to go strong with time.
  • 11.36 am. On opening Nifty stooped to 3435 and then gradually recovered to 3494 and Advance/Decline at 34/16. The top gainers are IDEA, ICICIBANK, PNB, AXISBANK & STER, while major losers are RANBAXY, TATAPOWER, MARUTI, SAIL & HINDUNILVR.  
Pre Market Analysis 09.00 am.
  • The Global cues are positive.
  • Crude has gained a position above $51/barrel, a positive outlook.
  • Dollar has depreciated compared to Rupee, this can trigger some retraction in  IT sector temporarily.
  • Expected that Nifty may be very choppy with positive bias.
  • Expected High/Low 3540,3596/3442.
  • Wait for your investments to ripe, just hold on. Book profit fractionally at levels above 3620.
24/Apr/09

During the Market:

  • 03.35 pm. Nifty finally closed at 3480
  • 03.15 pm. Nifty made a high of 3491. Advance/Decline very bullish at 40/10.
  • 02.54 pm. Nifty very close the expected level 3494 (ref: pre-market analysis)
  • 12.08 pm. Nifty is near day's high and Advance/Decline improving to 29/21. With the current move a new high above 3460 is expected.
  • 11.14 am. At 3427 Nifty is doing balancing act with Advance/Decline equally poised.
  • 10.32 am. Nifty at 3429, Advance/Decline = 33/17, top gainers are M&M, IDEA, PNB, BHARTIARTL & ACC, while major losers are  HCLTECH, SAIL, WIPRO, INFOSYSTCH & TATACOMM.
  • 10.29 am. Nifty made a high of 3448 but could not sustain so making another effort.
  • 10.05 am. Nifty opened positively and made a high of 3446 and came down to square one to form a low of 3419. It regained quickly to be just above previous close.

Pre Market Analysis 09.00 am.

  • The Global cues are marginally positive.
  • Dollar strength maintained, good for IT sector and export oriented companies.
  • Nifty may show positive breakout soon.
  • Expected High/Low 3494,3520,3590/3360.
  • IT, Banking, Infrastructure, Metals & Power are main sectors to watch. In general in a situation like this all the sectors participate.
  • Hold on and wait for higher levels before booking profits.
23/Apr/09

Post Market Review:

The positivity and trend of the Nifty foretells of the bigger things in store. Any day, the Nifty may break the 3500 barrier and the bull run may begin.

Nifty is forming a neat and a clear pattern for a positive break-out. Its a matter of time, the Nifty is consolidating and accumulating.

Its a high time that at lower levels of around 3260, buying may be done with medium term perspective. Risk is there, this may turn out to be election blues, but worth it. The share prices are fairly-valued at the present time.

ADVISE is to turn the paper profits into real profits as soon as one gets a pre-decided (planned) profit of say 20% (minus the two way brokerage). Thereafter, sit tight and wait like a hawk for the next buying opportunity.

Do not buy any other stock till the index falls, many small investors make the mistake of immediately re-investing in some other stock. WAIT FOR CORRECTION BEFORE RE-INVESTING. A time to check your GREED.

 
During the Market:

  • 03.40 pm. Nifty closed with due resilience at 3423 after making a high of 3439. The Advance/Decline at close were 43/7, the top gainers were WIPRO, TATASTEEL, SAIL, GRASIM & RELINFRA while prominent losers were UNITECH, ABB, SUNPHARMA, BHARTIARTL & ITC.
  • 03.15 pm. Nifty nearly touched a high of 3420 and may close at theses levels.
  • 02.26 pm. A new high for the day made by crossing over 3400. It is expected to make another high around 03.00, the Advance/Decline is also very favorable.
  • 12.05 pm. Nifty is now stabilizing for another high for the day. It has so far touched 3378. (First expectation met)
  • 10.31 am. Nifty at 3313 has made a low with Advance/Decline coming down to 14/36.
  • 10.08 am. AMBUJACEM, WIPRO, SUZLON, INFOSYSTCH & IDEA are top helpers, while HCLTECH, UNITECH, MARUTI, ABB & BPCL are undermining the NIFTY.
  • 10.05 am. Nifty has opened on a positive note and touched 3353. The Advance/Decline is favorably positioned at 39/11.
Pre Market Analysis 09.00 am.
  • Global markets are stabilizing.
  • Crude has dipped below $50/barrel.
  • Nifty still has its inherent strength intact and may show resilience soon.
  • The expectation is that the Nifty may continue the consolidation mode, and may close near day's low.
  • Expected High/Low 3380,3460/3260.
  • Buying recommended if Nifty dips below 3260.
22/Apr/09
During the Market:
  • 03.40 pm. Nifty closed at 3330 with Advance/Decline stooping to 14/36. The top gainers were SUZLON, RPOWER, ACC, WIPRO and AMBUJACEM. The losers were topped by HCLTECH, UNITECH, ABB, DLF & AXISBANK.
  • 01.30 pm. Nifty is reacting to the negative news of SEBI dropping 50 scrips from F&O.
  • 12.24 pm. The consolidation sessions are generally very boring.
  • 12.07 pm. From this level of 3342 Nifty can stage a recovery.
  • 11.35 am. Nifty at 3364 may make a new low for the day before recovering to the day's high.
  • 10.44 am. Nifty at levels of 3397 with Advance/Decline at 39/11. The top gainers are SUZLON, WIPRO, RCOM, PNB & RELCAPITAL while main losers are  HCLTECH, SUNPHARMA, TATACOMM, BHARTIARTL & CIPLA.
Pre Market Analysis 09.00 am.
  • Global cues are turning positive.
  • Oil is is down to $46.
  • Dollar strengthens, good for export oriented Indian companies.
  • Nifty long to medium term trend intact.
  • Nifty may breakout positively any day.
  • Choppiness may decrease, consolidation to continue till the break-out.
  • Expected High/Low 3450/3310.
  • Buy at intra-day dips of 100-120 points with medium term perspective.
21/Apr/09

During the Market:

  • 03.45 pm. Nifty closed at 3365, nearly a flat close.
  • 03.02 pm. Nifty again drowned below previous close to 3346 but is recovering at 3360.
  • 02.33 pm. Nifty climbed back after dipping to 3363. It is expected that till 3.00pm Nifty will remain in this range and near closing may show some strength.
  • 02.11 pm. Advance/Decline at 23/27 and Nifty at 3398, with BHARTIARTL, IDEA, DLF, SUNPHARMA & ITC being top gainers while the top losers are TATAMOTORS, TATASTEEL, ICICIBANK, SUZLON & AXISBANK.
  • 12.34 pm. Nifty at 3392, mustered strength to come above the previous closing. Advance/Decline appreciating to 27/23.
  • 10.42 am. Probably another day of listless market.
  • The caution at this stage is that the market can at any stage/ day could break out positively. If this consolidation takes longer than one week it may breakout negatively.
  • 10.36 am. Nifty has opened weak in tandem with global negativity and dipped to 3309 instantly. Thereafter, its recovering and is presently trading around 3355 with Advance/Decline at 19/31. The top gainers are BPCL, HINDALCO, NATIONALUM, GRASIM & BHARTIARTL, while the top losers  are STER, UNITECH, SUZLON, ICICIBANK & AXISBANK.

Pre Market Analysis 09.00 am.

  • Global cues are negative as most of  the markets are correcting.
  • Dollar has weakened and so is Crude Oil which has slumped to $45/barrel. A sure sign of negative impact on the bourses.
  • Nifty does not have any inherent weakness, but is expected to kowtow the global negativity.
  • Nifty is expected to be choppy with negative bias, the impact of inflation heading towards zero can also send the wrong signals for growth.
  • Increase in FII in-flows may surprise the market.
  • Expected High/Low 3450/3260.
  • Nifty may show resilience in the later part of the session.
  • Buy at dips around 3260 .
20/Apr/09

During the Market:


  • Due to a problem with BSNL's "DATA-ONE" broadband update was not possible till the end of the day, inconvenience is regretted.
  •  of 12.37 pm. Nifty will strengthen its support level in proportion to the days spend at a particular level. The sideways movement or small correction is always appreciated and expected after each rise as it provides new vigor to the Nifty. On contrary if only one way movement is there it weakens the trend.
  • 12.32 pm. Nifty is choppy in a range of 3440-3400, its expected to once again touch the days low. HCLTECH, SIEMENS, RELINFRA, ABB & POWERGRID are top gainers while top losers are CIPLA, SUNPHARMA, NTPC, CAIRN & TATAPOWER.
  • 10.37 am. At 4229 Nifty is gaining strength with improvement in Advance/Decline (A/D = 42/8).
  • 10.10 am. Advance/Decline has improved to 34/16 and Nifty trading at 3391.
  • 10.00 am. Nifty dipped under the previous close being led by 29 Advances and 21 Declines. UNITECH, TATACOMM, AXISBANK, HCLTECH & RPOWER are leading while CIPLA, BHARTIARTL, NTPC, SUNPHARMA & BHEL are losing.
  • 09.58 am. Nifty has opened with strength and has touched 3411 with Advance/Decline at 30/11.

Pre Market Analysis 09.00 am.
  • Global cues are stabilizing and neutral.
  • Crude has appreciated to above $50 per barrel.
  • Nifty is clueless, but inherent strength unchanged.
  • Expected high volatility with sideways movement predominating the day.
  • Expected High/low 3490,3540/3260.
  • Nifty is expected to end with modest gains of 30-50 points.
17/Apr/09
During the Market:
  • 03.40 pm. Nifty closed at 3384 almost flat.
  • 03.01 pm. Some recovery to 3425-3420 levels expected.
  • 02.57 pm. The bout of profit booking brought the Nifty down to 3360 and Advance/Decline to 29/21.
  • 02.25 pm. Nifty at 3456 and Advance/Decline at 47/3 can rally the Nifty near 3500.
  • 02.19 pm. The strength of Nifty may provide an opportunity for EXITING the small investors who were trapped in the bull phase. Lot of caution and study is required for fresh investments. At present ELECTIONS are in process and 'Manmohan Effect' may be 'playing'. The outcome of elections can change the scenario, so be cautious.
  • 02.10 pm. Advance/Decline is healthy at 46/4 and Nifty at 3470. The top gainers are UNITECH, HCLTECH, LT, AXISBANK & RELINFRA while top losers are CIPLA, HINDALCO, SUNPHARMA & MARUTI.
  • 01.30 pm. After touching a low of 3433 Nifty has recovered to 3450+ levels. It is consolidating at theses levels. Advance/Decline is also improving.
  • 12.48 pm. The Nifty is slowly loosing grip at 3450, it is expected to go down to 3420 levels.
  • 11.28 am Nifty at 3478 has recovered some of the lost ground. It seems that 3487 was the high point which Nifty was unable to sustain.
  • 10.40 am Nifty trading comfortably at 3440+ levels and top gainers are UNITECH, SUZLON, TATAMOTORS,RELINFRA & AXISBANK, while major losers are CIPLA, TATAPOWER, ITC and SUNPHARMA.
  • 10.30 am. Nifty opened flat, but soon rose to 3420 levels, thereafter it it is climbing with resilience. Advance/Decline at 46/4 is very encouraging.

Pre Market Analysis 09.00 am.
  • Global cues are stabilizing.
  • Dollar and crude are also stabilizing. The dollar is expected to go negative in future. This may further destabilize IT sector.
  • Nifty has inherent strength and is expected to show some resilience in medium term.
  • ADX for Nifty is at 59.94 is a factor which is at its peak, as very rarely it goes above 60 points. So some correction / consolidation  at this stage is expected.
  • Nifty may move sideways with negative bias.
  • Expected High/Low 3420/3260.
  • A further 120 point drop in Nifty or at levels around 3260 will present a buy opportunity.
16/Apr/09

During the Market:

  • 03.40 pm. Nifty closed  weak at 3369, with Advance/Decline at  9/41.
  • 02.34 pm. Nifty recovery is underway. Nifty at 3457 and Advance/Decline equally poised at 21/29.
  • 01.46 pm. Nifty has made a double-bottom for the day and now the recovery/covering by short-sellers could start.
  • 01.42 pm. TATAMOTORS, SUZLON, CAIRN, AMBUJACEM & RANBAXY are the major losers. (Nifty Midcap is worst hit)
  • 01.31 pm. Making a low of 3385 Nifty is trying to recover. At 3484, with Advance/Decline at 10/40 Nifty is weak.
  • 12.46 pm. In the last leg of the session the recovery can start but may lose strength near 3490.
  • 12.40 pm. AT 3451 Nifty is weak as Advance/Decline has come down to 20/29 and 1 unchanged. Its led by UNITECH, PNB, WIPRO, BPCL & RELCAPITAL and dragged by TATAMOTORS, CAIRN, RANBAXY, IDEA & TATASTEEL.
  • 10.41 am. The leaders are UNITECH, DLF, RELCAPITAL, SIEMENS & RPOWER, while Nifty is being pulled down by TATACOMM, RANBAXY, RELIANCE, CAIRN & CIPLA.
  • 10.37 am. After opening the Nifty climbed to 3511 but could not sustain and slumped to 3460. Its now trading at 3480 with Advance/Decline at 27/22 and 1 unchanged.
Pre Market Analysis 09.00 am.
  • Global cues are neutral and cautious.
  • Dollar and Crude Oil weak.
  • Nifty is overbought, small correction or consolidation is over-due. The inherent strength is very strong.
  • Volatility bound to increase.
  • Expected High/Lows 3520,3648/3310,3260.
  • Buy, if Nifty dips more than 120 points.  Invest ONLY in 'A' Group of shares for better security. Don't fall for penny stocks.
15/Apr/09

During the Market:

  • 03.38 pm. Nifty finally closed at 3484.
  • 03.24 pm. Nifty has made it to 3490+. The leaders are RELCAPITAL, UNITECH, TATAMOTORS, AXISBANK & AMBUJACEM, while the losers are led by INFOSYSTCH, TCS, HDFCBANK, GAIL & ITC. The Advance/Decline is at 42/8.
  • 02.34 pm. Nifty at 3470 and Advance/Decline rising to 43/7 speaks of a very positive sentiment.
  • 02.15 pm. Nifty has gone past 3449 as expected and is now heading for 3490. If Nifty crosses 3490 then the next target is 3732 for medium term.
  • 12.48 pm. Nifty is about to break-out positively and may reach 3449 level.
  • 12.31 pm. Nifty is hovering around 3400 mark with Advance/Decline becoming healthy at 39/12. The leaders are TATAMOTORS, AMBUJACEM, M&M, UNITECH & RANBAXY, while losers are led by INFOSYSTCH, TCS, HDFCBANK, STER & WIPRO. The Nifty pullers are mainly IT stocks and the reason is the impact of weak Dollar.
  • 10.05 am. Nifty is trying a recovery with Advance/Decline climbing to 16/34 and supported by TATACOMM, AMBUJACEM, BHARTIARTL, ACC & BPCL, while the laggards are INFOSYS, TCS, WIPRO, STER & HDFC.
  • 10.02 am. Nifty on opening slid to touch 3311 with a weakness, Advance/Decline 3/47. Its recovering and probably another day of consolidation.
Pre Market Analysis 09.00 am.
  • Global cues are neutral again.
  • The Japanese massive bail-out plan can provide the needed stimulus.
  • The position of Nifty is very strong. Domination of sideways movement or else a steep rally is on the cards. (400-600 points).
  • Expected High/Low 3449,3732/3320,3260.
  • Buy on all declines of over 100-150 points.
  • Very high volatility is expected.
  • Test of NERVES!! Do not panic by sharp falls. They may provide an opportunity in disguise.
15/Apr/09

During the Market:

  • 03.38 pm. Nifty finally closed at 3484.
  • 03.24 pm. Nifty has made it to 3490+. The leaders are RELCAPITAL, UNITECH, TATAMOTORS, AXISBANK & AMBUJACEM, while the losers are led by INFOSYSTCH, TCS, HDFCBANK, GAIL & ITC. The Advance/Decline is at 42/8.
  • 02.34 pm. Nifty at 3470 and Advance/Decline rising to 43/7 speaks of a very positive sentiment.
  • 02.15 pm. Nifty has gone past 3449 as expected and is now heading for 3490. If Nifty crosses 3490 then the next target is 3732 for medium term.
  • 12.48 pm. Nifty is about to break-out positively and may reach 3449 level.
  • 12.31 pm. Nifty is hovering around 3400 mark with Advance/Decline becoming healthy at 39/12. The leaders are TATAMOTORS, AMBUJACEM, M&M, UNITECH & RANBAXY, while losers are led by INFOSYSTCH, TCS, HDFCBANK, STER & WIPRO. The Nifty pullers are mainly IT stocks and the reason is the impact of weak Dollar.
  • 10.05 am. Nifty is trying a recovery with Advance/Decline climbing to 16/34 and supported by TATACOMM, AMBUJACEM, BHARTIARTL, ACC & BPCL, while the laggards are INFOSYS, TCS, WIPRO, STER & HDFC.
  • 10.02 am. Nifty on opening slid to touch 3311 with a weakness, Advance/Decline 3/47. Its recovering and probably another day of consolidation.
Pre Market Analysis 09.00 am.
  • Global cues are neutral again.
  • The Japanese massive bail-out plan can provide the needed stimulus.
  • The position of Nifty is very strong. Domination of sideways movement or else a steep rally is on the cards. (400-600 points).
  • Expected High/Low 3449,3732/3320,3260.
  • Buy on all declines of over 100-150 points.
  • Very high volatility is expected.
  • Test of NERVES!! Do not panic by sharp falls. They may provide an opportunity in disguise.
13/Apr/09
During the Market:
  • 03.35 pm. Nifty closed at 3382.
  • 03.07 pm. Nifty trying to stay afloat above 3400 mark. SUZLON, TATAMOTORS, TATASTEEL, ABB & STER are leading the Nifty, while BPCL, GAIL, HINDUNILVR, NATIONALUM & TCS are dragging.
  • 02.56 pm. Nifty at last made a dash for the days high and has made a high of 3417, Advance/Decline maintaining itself at 36/14.
  • 12.10 pm. Nifty seems passing the day. Its a listless session with Nifty moving in +30 point range. An upward swing is expected by the end of the session.
  • 10.42 am. Nifty is around 3350+, it went down to 3334 with Advance/Decline declining to 33/17. TATASTEEL, TATAMOTORS, SUZLON, HDFCBANK & STER helping, while being pulled down by LT, BPCL, TCS, BHARTIARTL & ONGC.
  • 10.02 am. The Nifty has opened with a strength and is presently at 3375 with excellent Advance/Decline at 43/7.

Pre Market Analysis 09.00 am.
  • The Global cues are neutral.
  • Crude oil has strengthened.
  • Nifty is gaining strength from strength.
  • Tomorrow being a holiday (Ambedkar Jayanti), markets may be volatile with positive bias.
  • INFOSYSTCH forecast may cast its shadow on Nifty.
  • Expected High/Low  3520/3310,3260.
  • Infrastructure, Real Estate, Power to remain trendsetters.
  • Book some profits at 3500+ level.
11/Apr/09
Post Market Review:

The global cues remained neutral, while Asian indices gathered momentum. The Indian market which was under valued, after  the correction of Oct'08-mar'09 responded positively.

In the last session, profit taking was seen at levels of near 3400, but the trend remains positive. Nifty showed lot of resilience and strength. There was no sign of weakness all the shorts were bought. Risk appetite has increased giving cues that future trend is secure.

Nifty may see consolidation phase setting-in at these levels of 3260-3500. It may witness a small breather before pursuing its northward journey.

Next week will see INFOSYSTCH projecting figures for the full year, which will be looked upon as a trend-setter for IT Sector. This may provide the needed reason at this stage for Nifty to trigger a short blip.

Small investors who have missed the bus, may take positions on a downfall of Nifty of more than 150 points or at levels near 3260, else, may wait to book stepwise profits by 10% on levels of 3500+. Sectors attractive and with potential for faster returns are Infrastructure, Real Estate & Power.
09/Apr/09
During the Market:
  • 03.44 pm. Nifty finally closed at 3342, exactly flat. This closing denotes the underlying strength to reach 3490-3500, but thereafter a correction may take place.
  • 03.11 pm. At 3339 Nifty is just oscillating near previous close.
  • 02.50 pm. Advance/Decline at nearly static levels of 36/13 and 1 unchanged. The gainers are UNITECH, RELINFRA, ICICIBANK, TATASTEEL & DLF while losers are HINDUNILVR, CAIRN, WIPRO, GAIL and M&M.
  • 02.19 pm. Nifty is exhibiting volatility but controlled. Its positive move above 3400 is expected.
  • 12.03 pm. Nifty rose to 3365 and Advance/Decline at 35/15. The top gainers are UNITECH, RELCAP, LT, RELINFRA & SIEMENS, while losers are led by HINDUNILVR, GAIL, ONGC, M&M and WIPRO.
  • 11.40 am.  On opening the Nifty touched 3401 and by 10:30am touched a low of 3307 to return back and trade around 3342 (prev. close). The Advance/Decline is at32/17 and 1 unchanged.
  • 09.45-11.40 am -  No analysis @ electricity unavailable.     
Pre Market Analysis 09.00 am.
  • The Global cues are just neutral.
  • Nifty is in uptrend but may consolidate today.
  • Tomorrow is a HOLIDAY for GOOD FRIDAY, so its last working day of the week. Some amount of profit booking can take place.
  • Expected that Nifty may open higher and then may close lower, with lot of volatility.
  • Expected High/Low 3375,3520/3320,3260.
  • Buy if dip is 100-150 for medium term.

08/Apr/09

Post Market Review:

Today was a splendid day for Indian stock market. It was marked by inherent strength and growing investor confidence. Both Funds and FII are eying Indian Markets, as this is the only space in world economy having muscle, conditions, strength  to outperform and above all safety of democratic governance.

The general perception was that, the Indian markets will follow the negative global cues, on contrary it showed strength to break-out bullishly into the next level of 3360-4200.

Now, as of today the markets have become OVER-BOUGHT, the change in direction of the stock-movement is eminent. The market is ripe to consolidate its gains. It may take a short breather now, and then continue its positive trend. The trend will remain intact. Else the expectation is that the markets may now move sideways for 2-3 sessions and digest the gains.

Any dip of 100-150 points may offer an opportunity to 'late-comers' in the market. Now, 3260 may prove to be a stronger support.


During the Market:

  • 03.45 pm. Nifty closed astoundingly at 3242.
  • 03.29 pm. Nifty at 3352 and Advance/Decline at 42/8 is heading for a grand close.
  • 03.23 pm. M&M, HINDALCO, HDFCBANK, RCOM & PNB are the major losers with around 2% downtrend.
  • 03.17 pm. The rally is being led by MIDCAP largely. Nifty is being helped by HCLTECH, NATIONALUM, UNITECH, GAIL & NTPC.
  • 03.04 pm. Nifty at 3323 and have touched a high of 3332, with Advance/Decline at 40/10, can be termed as a spectacular performance. Its going from strength to strength.
  • 02.43 pm. Nifty has touched previous session's HIGH.
  • 02.40 pm. Nifty has stunned with its inherent strength.
  • 02.28 pm. At 3278 Nifty has crossed over previous close with Advance/Decline advancing to 32/18.
  • 01.36 pm. The top stocks helping the Nifty are HCLTECH, TATAMOTORS, TATACOMM, GAIL & SUZLON, while Nifty draggers are led by HINDALCO, STER, PNB, BHARTIARTL & RCOM.
  • 01.29 pm. Nifty at 3256 with Advance/Decline improving to 27/23.
  • 11.20 am. Nifty is consolidating after early morning losses. The Advance/Decline has pecked up to 13/37. Nifty is around 3175 level. Gainers are TATAMOTORS, BPCL, HCLTECH, SUZLON & TATACOMM, while losers are led by HINDALCO, PNB, ONGC, HDFCBANK & STER.
  • 10.17 am. BPCL, SUNPHARMA, ITC, HCLTECH & NTPC are gaining while HDFCBANK, RCOM, HINDALCO, RELINFRA & UNITECH are losing. Advance/Decline is at  5/45. Nifty is moving around 3160.
  • 10.01 am. Only BPCL is standalone stock that is positive. It is expected that entire session will be dominated by Nifty remaining under the previous close. The recovery to some extent can come in late session.
  • 09.58 am. Nifty on opening dipped to 3156 level with Advance/Decline at pessimistic level of 1/49.
Pre Market Analysis 09.00 am.
  • The Global cues are negative, but Nifty does not have any inherent weakness.
  • The crude oil has slipped below $49.
  • The retracement of world markets may compel Nifty to move sideways or correct by 90-100 points.
  • ADX at high level indicates change of direction.
  • Expected High/Low 3260/3160,3110.
  • Wait and watch for the right opportunity.
  • Real state, HEAVY METALS can depreciate today.
07/Apr/09

Holiday: MAHAVIR JAYANTI

06/Apr/09

During the Market:
  • 03.45 pm. Nifty closed at 3256, a gain of 45 points. It dipped to 3225 in last hour of the trade but regained quickly. The Advance/Decline closed at 34/16. The gainers were led by RCOM, SUZLON, M&M, HDFC & LT, while losers were ACC, ITC, AMBUJACEM, GRASIM & RANBAXY.
  • 02.20 pm. The movement of Nifty is confined to 3260-3270 for more than hour.
  • 12.18 pm. After dipping to 3230 Nifty again climbed to 3260 being led by M&M, HCLTECH, SUZLON, RCOM & DLF, while losers are BPCL, CIPLA, HINDUNILVR, GRASIM & AMBUJACEM. Advance/Decline is at 35/15.
  • 11.33 am. Advance/Decline has come down to 37/13, so is Nifty trading at around 3260.
  • 10.21 am. Nifty at present is trading at 3290+ levels and gainers are HCLTECH, DLF, SUZLON, RCOM & HDFC. The losers are ACC, HINDUNILVR, CIPLA & BPCL, they are less than 1% down.
  • 10.12 am. The Advance/Decline is at 47/3 which is very robust.
  • 10.09 am. Nifty opened to touch a high of 3303 and then is moving between 3290-3300. 
Pre Market Analysis 09.00 am.
  • The Global cues are neutral.
  • UK and China are marginally down.
  • Nifty is positively poised but consolidation is not ruled out.
  • Expected High/Low 3260,3336/3200,3110.
  • Markets to remain choppy.
  • Buy on dips of 150 points or more.
02/Apr/09
Post Market Review:

After correction a recovery is very fast, market recovers by leaps and bounds. This was exactly what was witnessed today not only in Nifty but by and large with all the economies world over.

Now is the time when there will be flood of "recommendations", and this is the time when maximum caution is needed.

Remember the law "whatever goes down comes up and whatever goes up comes down". So, what is required to have very clear cut GOALS for both buying & selling. One should always book profits whenever they materialize. Set a standard of profit say 20% and whenever they are feasible, one should not wait further or fall in the trap of GREED. Rather one should convert the paper profit into reality. Buy when the market dips or corrects to 20days lowest point. Develop PATIENCE for your objectives and ACT only when they are fulfilled.

As far as Nifty is concerned it is very strongly poised at present and has made a breakout above 3200 level. Now many FUNDS will start seeing value and will jump up to catch the "Moving Train" which will further propel the market upwards.

The next resistance for Nifty is scaled up to 3490, but not before consolidation. With minor blips  here and there Nifty will swiftly recover the lost ground.

ADVISE FOR SMALL INVESTORS: Please restrict your GREED for doubling your money in short span by investing in HIGH RISK - LOW PRICED STOCKS. Concentrate on "A" Group stocks.

 
During the Market:
  • 03.45 pm. Nifty finally closed at 3211. The gainers were DLF, TATAMOTORS, SAIL, CAIRN & RCOM, while losers were HINDUNILVR & HEROHONDA.
  • 03.14 pm. Nifty is trying to stick to 3200+ level. Now 3200 may act as support level.
  • 02.10 pm. Nifty has touched 3224, it may now close above 3200 mark.
  • 11.14 pm. Nifty at 3212 and Advance/Decline at 49/1 is indeed a very bullish breakout for the Indian markets. Once this type of move sets in it changes the sentiment and moves become more stronger. This is the time when CAUTION should be at the maximum specially for the small investors.
  • 01.05 pm. Today Nifty has taken everybody by surprise by breaking into next band. This was the fourth attempt since October' 2008.
  • 12.59 pm. Nifty is brought to this stage by the Advance/Decline of 48/2. The gainers are led by TATAMOTORS, DLF, SUZLON, RCOM, RELCAPITAL, while marginally down are HEROHONDA & SUNPHARMA.
  • 12.51 pm. Nifty is setting stage to enter 3200+ range.
  • 11.07 am. Nifty is maintaining its early gains.
  • 10.10 am. RELCAPITAL, ICICBANK, HDFC, TCS & RELINFRA are leading the show.
  • 10.05 am. Nifty has an impressive surge, with Advance/Decline at 50/0. A very positive scenario is developing with Nifty trading so firmly at around 3170+. 
Pre Market Analysis 09.00 am.
  • The Global cues are positive.
  • Crude Oil is also recovering.
  • Today, Nifty may consolidate further.
  • Expected High/Low 3090,3150/2990,2960.
  • Expected closing around 3130.
  • Wait for Nifty to enter in the range of 3200-3450, before booking further profits.
01/Apr/09

During the Market:
  • 03.45 pm. Nifty closed at 3060 after making a high of 3069. It was a firm closing with Advance/Decline at 31/19.
  • 03.09 pm. Nifty may end up without profit booking near day's high. Advance/Decline at 32/18.
  • 02.06 pm. Nifty gainers are led by RELCAPITAL, RANBAXY, SUZLON, UNITECH & HDFC, while losers are led by SUNPHARMA, PNB, POWERGRID, BHEL & SIEMENS.
  • 02.03 pm. Nifty has consolidated to 3050+ levels and Advance/Decline has also improved from 17/33 to 29/21 since the morning lows.
  • 10.23 am Advance/Decline is 16/34 and the gainers are SUZLON, RANBAXY, HDFC, STER & ACC. The losers at this time are SUNPHARMA, BHARTIARTL, HINDUNILVR, GAIL & TCS.
  • 10.20 am. Nifty touched the expected low for the day at 2970. It is gaining strength gradually and will end up in consolidation mode.
Pre Market Analysis 09.00 am.
  • The Global cues are positive, the world markets after a day's blip has recovered.
  • Crude oil has reacted and is down to 48$.
  • Markets should continue with consolidation.
  • Expected High/Low 3090,3110/3010,2970.
  • Investors advised to wait for next level of Nifty(3200-3450) before booking profit, and purchase at levels below 2960.

 

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