Archive for December 2008 


31/Dec/08
During the Market:

  • 03.40 pm. The Nifty has finally closed at 2959.
  • Only Indian and Chinese Markets are behaving in synchronization, where as world over the markets are positive.
  • 03.23 pm. Nifty is flip-flopping +/- 50 points and will end nearly flattish.
  • Nifty may end up positive by 50-60 points.
  • Nifty may be range bound today, but may provide trading opportunity to day traders by oscillating +/- 50 points.
Pre Market Analysis 09.00 am.
  • Nifty is expected to make small (50-60 points) gain daily till start of earning season.
  • Expected High/Low 3040,3110/2950,2920
  • Western markets and Nikkei are upbeat after announcement of auto bail out plan.
  • Crude oil position under 50 at 39$/barrel is cause of concern, but is expected to rise soon in the beginning of New Year.

30/DEC/08
Post Market Review:

The Nifty has rebounded back amidst approaching Earning Season. It was an overall good closing amongst mixed responses of Asian Market but a positive outlook of European Markets.

The Oil prices are also about to strengthen. The efforts done various  Federal Banks and easing of liquidity, reduction in repo rate, all have eased the tension a bit.




During the Market:
  • 03.45 pm. Nifty in the last leg of rally closed 57 points plus at 2979.
  • 12.20 pm. Weakening of Dollar is a good sign coupled with increase in crude oil price. Major indices across the globe are also positive.
  • 12.15 pm. Nifty moves are indicative of accumulation being done by funds to move on into Earning Season.
  • 11.00 am. Nifty has touched 2900 levels but days low can be further down to 2857.
  • 10.10 am.  Nifty has opened on a positive note but soon tantrums will start and it will again make an attempt to shift shares from weak hands to strong hands.


Pre Market Analysis 09.00 am.
  • Nifty is expected to be volatile and at the same time range bound.
  • Infrastructure and gas sector and metals to some extent can show positive trends.
  • Expected High/Low 3030/2857,2810
  • If Nifty goes below 2810 buying for short term is recommended.
  • Power and non-conventional energy sector are long term recommendations.
26/Dec/08
Post Market Review:

The Nifty has closed in a negative territory, below 2890, so on Monday i.e. next session it will have tendency to go down further and may retest 2600 levels. There is another hope that if Inflation number dip further or some global cues become positive they may provide some strength to Nifty.

Then there is fear of WAR, Israel on the brink of declaring war, deteriorating Indo-Pak relations and above all Investors are fearful of building fresh positions.

Every cloud has a silver lining so is with Nifty, the positives are result season ahead, lowering of interest rates, insulation provided by RBI, Japanese Markets rebounded today, funds will step up buying if the Nifty levels go further south. Nifty can bounce back from these levels after the holidays are over. So this may be an opportunity in disguise.
 

During the Market:
  • 03.35 pm. The Nifty has closed meekly at 2857 levels.
  • Investors are wary of WAR clouds and there are two days off so they are bringing down their long positions.
  • 10.37 am. The Advance/Decline for Nifty is at 42/8. The leaders are RPL, SUZLON, UNITECH, SATYAMCOMP & RCOM, while losers are INFOSYSTCH, HEROHONDA, HINDLVR, TATACOMM & BHARTIARTL.
  • 10.31 am. Nifty at 2960 as expected. Its continually showing early buying.
Pre Market Analysis 09.00 am.
  • Post F&O Settlement the market may turnaround.
  • Buying will resume and upward movement is expected.
  • Expected High/Low 2974,3040/2890
  • Wait till days low of 2860 or lower are exhibited and then start accumulation, but only 10% of your cash reserves. 
  • Waiting for war clouds could also prove beneficial for long term investors.
  • Today investors of RPL may get good opportunity to book profits.
  • Avoid STAYAMCOMP till their is major change in management board. They have lost public confidence for long term.

25/Dec/08

Happy Christmas

24/Dec/08

During the Market:
  • 03.57 pm. Nifty kowtowed the global markets and slipped by 52 points to close at 2916.
  • 01.13 pm. The Nifty at present is trading in a narrow range. Its expected that the covering will come in the later half.
Pre Market Analysis 09.00 am.
  • Today being the last day of settlement the market behavior would be unpredictable, but largely flattish outlook is expected.
  • At any stage if the market dips more than 150 points it will be an excellent opportunity to enter the market.
  • Do not be fazed by dips, market is bound to recover and move upwards by the week-end.
  • Expected High/Low 3110/2920,2890.
  • The best sectors to enter are Infrastructure, Power, Real estate.
23/Dec/08
Post Market Review:

Amidst mixed global signals and the monthly settlement being 24,December'08, the investors squared some of the positions. The Nifty also needed  a small correction to further strengthen it.

Fundamentally nothing has changed in the Indian context. It would not be out of place to mention that India & China will be the first economies to recover.

Tomorrow market can witness some increased volatility but it is expected that investors will continue to hold their long positions.

Investors are advised to pick shares whenever the Nifty  dips more than 150 points on any day. 

During the Market:
  • 03.40 pm. Nifty closed at 2967.
  • 03.06 pm. The Advance/Decline is negative at 5/45 for Nifty. Positives are AMBUJACEM, RCOM, HEROHONDA, ONGC & BPCL where as Negatives are SATYAM, UNITECH, TATAMOTORS, HCLTECH & GAIL.
  • 02.58 pm. Investors need not worry Nifty has corrected a bit and will soon resume its upward journey. All the Indian fundamentals are in place.
  • Investors are advised to remain away from the market especially 2days pre and post last Thursday of the month as market is very unpredictable during these days.
  • 11.28 am. Don't get bogged down by these regressions of the day, market formations are quite positive.
  • 11.00 am. Nifty will recover by the end of session or even much earlier, will probably move slightly above yesterday's close and finally is expected to end flat.
  • 10.00 am. Nifty dipped instantly just induce fear.
Pre Market Analysis 09.00 am.
  • Expected not much volatility.
  • Expected High/Low 3147/3010,2960
  • Markets may initially dip and then end flattish, the move is interpreted as changing shares from weak hands to strong hands.
  • World cues are mixed.
22/Dec/08
Publishing is temporarily unavailable.  We apologize for the inconvenience and are working to resolve this issue.

During the Market:
Pre Market Analysis 09.00 am.
  • High volatility expected.
  • Expected High/Low 3160,3260/3060,3010
  • Nifty may open with a positive gap.
19/Dec/08
Post Market Review:

The Nifty ended nearly flat after daylong choppiness. The other market which witnessed uptrend was China, besides these two exceptions all other world markets experienced the heat of selling.

The most popular topic of the share market is 'Fear & Greed', which exactly describes the Indian Economy. The Indian fundamentals are not weak but its only the fear of US Recession that is effecting the sentiment.

The realization that there are only two countries were growth potential is imminent - India & China. Out of these two destinations India scores a point over China that India is democracy driven and more liberal as compared to China.

The lowering of Crude Oil may be an indicator of lowering world economy, but every cloud has a silver lining. In Indian context this will lower the transport cost, petroleum products, eventually lowering the inflation numbers. This will again boost the sentiment.

Its expected that Nifty after minor corrections will touch 3400 levels before ripening for a major correction.

Now lot of TIPS will start appearing in various medias and every broker will talk as an 'expert' but use your discretion and make your own plans. Making a plan is one thing and adhering to it is were lot of discipline is required.
 

During the Market:

  • 03.35 pm. At last the Nifty was unable to keep the gains and closed flat at 3077, just 17 points+.
  • 03.02 pm. Profit booking came as suggested, but covering is also anticipated in last 10-15 minutes of session.
  • 02.46 Only India & China will emerge as favorite investment destination sooner or later.
  • 02.24 pm. Now don't build fresh positions till 3160, profit selling can come in around 03.45 pm.
  • 02.14 pm. The Nifty in a second attempt has crossed 3090 resistance, if it manages to close above 3090 then the way is clear up to 3160.
  • 11.25 am Advance /Decline is 39/11.
  • 11.17 am. UNITECH, DLF, TATAMOTORS, MARUTI & SUZLON are up while ONGC, CAIRN, AMBUJACEM & SATYAMCOMP are down.
  • 11.00 am. The declining Crude Oil is a major concern, denoting slowing down of world economy.
  • 10.20 am.The Nifty is exhibiting choppiness and volatility from the start.
Pre Market Analysis 09.00 am.
  • The Nifty may trap buyers today so caution is required.
  • The Nifty seems to be nearing correction.
  • Expected High/Low 3090,3160/ 2910,2860
  • Its being Friday so lot of volatility is expected , traders may cut their long position.

18/Dec/08
Post Market Review:

The inflation numbers did the trick, besides slowly and rationally the investors world over are re-discovering Indian economy's strength. The drop in inflation numbers is largely attributed to the recent price cuts in diesel and petrol.

The "Manmohan Effect" is well equipped to fight any type of economical fire.

SATYAM's buy back offer did boost the stock prices but the investors have already discarded SATYAM and the past records also prove that its laggard in IT Sector.

As far as Nifty is concerned now it seems the way is clear up to 3240 levels, with minor corrections.

Investors are advised to hold their positions till 3190 before booking a part of profit.

During the Market:

  • 03.35 pm. The Nifty closed at 3060 after making a days high of 3072. A very positive closing, missing 3090 by a whisker.
  • 02.58 pm. Inflation rate falls further to 6.84.
  • 02.12 pm. The Advance/Decline is at 44/6, Bank Stocks are out-performing. SUZLON & GVKPIL are being traded in huge volumes.
  • 02.08 pm. The Nifty has kept the climb post 11.10 am.
  • 11.00 am. The Nifty seems touching the support of 2990, if this is broken then the next support would be at 2960.

Pre Market Analysis 09.00 am.

  • The Nifty correcting at this stage is healthy sign, remember one way movement is very risky. After every rise a weaning out process should follow, its termed as moving from weak hands to strong hands.
  • Expected High/Low  3090,3140/2910,2890.
  • The markets will remain choppy.
  • There are chances that the Nifty will remain flattish in the end.
  • The Crude oil price at $40.21 is an an indication of slowing world economy, don't bother India is defferent.
17/Dec/08
Post Market Review:

The small correction is a welcome step as it provides strength to the Nifty. Yes if the correction is more than 150-200 points its definitely a weak sign.

The investors are advised to be cautious near 3200 levels, till Nifty closes above 3290 0r 3320.

Remember to do your studies and don't rely on market rumors or tips because as soon as there is up move lot of "experts" start doling out tips/ recommendations.

Spend time researching and reading and make a confident investment with set target of say 20% plus. Then you need lot of self governance, no matter what the market rumor is you should definitely SELL, only then you can remain in profits. For God's sake don't fall into the trap of AVERAGING.

Crude oil pricing is another cause of worry, but OPEC will act smart by reducing the output. The supply position will be curtailed to boost the prices.

Rupee weakening is healthy for imports but detrimental to export. So stay away from export based comapnies, esp IT Sector.

Satyam has received a tremendous set back as the move was thwarted to move cash within the Satyam Family. Even otherwise its not professionally managed company as the results speak vis-a-vis other major players in IT Sector.


During the Market:

  • 01.08 pm. Stocks recommended to buy for medium term are GAIL 2218-230,TATASTEEL @ 22-230, TATACOMM @ 450-460, ARVIND @ 17.40-19.10, ACC @ 490-515, HDIL  @ 152-156. Further an important advise to book profits as soon as you get 20%+ return, and don't reinvest before waiting at least a week.
  • 10.29 am. Advance /Decline is at 14/39, Nifty is correcting. TATACOMM, ICICBANK, SUZLON & GRASIM are pulling up the Nifty, while SATYAM, RELINFRA, SAIL, HCLTECH & DLF are pushing it down.
  • 10.02 am. Investors are advised not to go by broker's tips or TV Analyst as all of them have some hidden alienation. Investors should do their own study and learn.
  • 09.59 am. Nifty has opened with a positive gap and Advance/Decline is at 48/2.
Pre Market Analysis 09.00 am.
  • The markets have reached a crucial junction, where its in overbought position.
  • Now either the market may consolidate or move sideways or correct a bit.
  • There are strong chances that market may move into next upper slab.
  • Expected High/Low 3190,3160/2930
  • Invest only in A Group stocks they are safer.
16/Dec/08
During the Market:
  • 03.23 pm. If the Nifty closes above 3040 it would be a very positive sentiment builder.
  • 03.15 am. The last minute buying spurt is being witnessed. Its the realization by the international funds  that Indian Economy can provide the growth opportunity.
  • 10.45 am. All the Global  markets are down preforming.
  • 10.32 am. The Nifty's Advance/Decline is at 30/18 and 2 stocks unchanged. HDIL, SUZLON and UNITECH have volume leaders.
  • 10.25 am. Nifty opened and sank to 2965 level to regain up to 2990+. The nifty is expected to be volatile and choppy.

Pre Market Analysis 09.00 am.
  • The world markets are poised to correct.
  • The Nifty may be choppy.
  • Expected High/Low 3062,3140/2886.
  • Profit taking can take place at 3190.
  • Accumulate at major dips.
15/Dec/08 
Post Market Review:

The opened strong, remained all daylong in plus and finally ended at 2981 about 52 points plus and recording more than 2% growth over the last closing.

It was a good day as far as market breadth was considered . Further, lowering of interest rates by the banks boosted the real estate stocks.

As already said, Mr. Manmohan Singh is an old player of economic markets and knows how to play his cards.

At the same investors should play cautiously at the levels of 3040 to 3140.

During the Market:
  • 12.02 pm. At the end of session after 02.30 some selling pressure/ profit taking cannot be ruled out.
  • 11.56 am. Volume toppers are UNITECH, RNRL, IFCI and GVKPIL.
  • 11.55 am. CAIRN, UNITECH, Hindalco and Grasim, while RCOM. HINDLVR & SUNPHARMA are preforming negatively.
  • 11.45 a.m The Advance/Decline is at 47/2, The Nifty is being strongly supported by Mid Cap with +4.34% change.
  • Nifty within minutes of opening shot up to 2980 and crossed 3000 mark with ease.

Pre Market Analysis 09.00 am.
  • The Economic reforms and attempts to keep the money supply as well as markets comfortable.
  • Expected High/Low 3147,3040/2919
  • Nifty can face resistance at 3190-3210. So plan accordingly to book some profits especially for short term investors, long term investors can continue to remain invested.
  • The sectors are all attractive especially Real Estate, Power, and Infrastructure. Steel can see some dip in early part of jan'09.
12/Dec/08
Post Market Review:

Today the Nifty's closing flat is a positive indicator of strength. The sentiment is slowly turning positive and International Funds have started cherry-picking.

The small investors should gear up because still most of the good stocks are available at three year lows or near it, its an golden opportunity for mid to long term investors.

These should be treated as a fresh investment and book profits as soon as stock prices gives you a return of 20% without falling into the greed trap. Never fall into the trap of averaging, as that is the worst thing to do and is often referred to as 'catching a falling knife'. Every trade should be treated as a separate trade, don't link your past purchases to the present or any other trade.


During the Market:
  • 03.58 pm. Nifty closed absolutely flat at 2921 after day long calisthenics. Advance/Decline at 27/23.
  • 12.24 pm. Not much action expected, some recovery will start in the end of session.
  • Nifty will not go below 2786, so act accordingly.
  • 10.01 am. The Nifty has opened with a downward gap but may soon recover. ARVIND is recommended for accumulation @ 15.70 or lower.

Pre Market Analysis 09.00 am.
  • In a significant measure Government is is underway of offering another rescue plan to counter World Bank's assessment of further slumping of growth.
  • Since the market is in an over-bought zone, a slightest decrease/increase in supply would have pronounced effect on the Nifty.
  • The markets may remain volatile and choppy.
  • Expected High/Low 2990,3040/2810,2786.
  • Build positive positions in Infrastructure, Real Estate, Metals & Electrical Equipment  at a dip of 150 or more.
11/Dec/08
Post Market Review:

Its very positive indication that Nifty after a rise it corrects , indicating that further upside is there. Its never good to to just keep on moving one way.

Crude oil is also trying to come back, Dollar getting some strength. Till this time all the indicators are positive.

The Nifty has made a double bottom (2524) and has already survived three year low of 2524, so, its expected for sometime the clouds of recession may be clear.

Its time to build positive positions.


During the Market:

  • As per expectation the nifty closed just -8 points at 2920.
  • 12.18 pm. Inflation data has come, its 8.00% over 8.40% of last week.
  • 10.29 am. The Nifty is showing lot of volatility. At present its trading at 2916 and Advance/Decline is at 19/30. Its expected to to behave like this during entire session.
Pre Market Analysis 09.00 am.

  • The world markets have buoyed after series of economic packages, a small correction at this stage would be healthy.
  • International Funds are entering the market specially the real estate. Other sectors which stand to gain are Infrastructure and Metals.
  • Today Nifty may open around 2987.
  • Expected High/Low 3010,3145/2910,2869.
  • Book 20-25% profits if Nifty touches 3150 or above.
  • Markets may witness a small correction but it may be an opportunity for short term traders.
10/Dec/08
Post Market Review:

Today was another good day for the market. The Nifty opened strong and and maintained the strength. There is a word of caution for tomorrow, since the market has reached an overbought position, there can be minor correction.

The Nifty opened at 2785 and then it was all the one way traffic up to 2940 and closed firmly at 2928 near the days high. The Advance /Decline  was 48/2 which is very rosy.

Foreign Funds have stepped up the buying specially in RELIANCE. The top gainers in Nifty were led by DLF, SAIL, M&M, GRASIM and TATACOMM.

There was unprecedented increase in volumes in DLF, SAIL, HDIL, TATSTEEL and  IBREALEST.

Tomorrow the chances of small correction cannot be ruled out.

Pre Market Analysis 09.00 am.
  • The Global clues are negative, again its haunted by Recession Fears.
  • Markets are expected to gain and catch up.
  • Volatility may be prominent.
  • Expected High/Low 2930,2840/2690.
  • The closing is expected to be flattish +/- 30 points.
  • Caution a selling pressure can increase when markets cross 2930-2950.
09/Dec/08

NSE was closed on account of Bakrid

08/Dec/08
Post Market Review:

The Economic measures taken the world over has resulted in improving the indices. A word of caution that these measures may have had a positive impact for a day or two but the larger or broader picture will emerge from a few days from now.

The oil-prices an important indicator of world economic health is still on the lower rungs. Its indicative of slowing world economy.

As far as Indian markets are concerned the cause of worry seems to be only external factors. Internally the economic scenario is still very sound. The dexterity of our PM Manmohan Singh in handling economic affairs is far better than any leading world's economist. 

Measures taken by Reserve bank of India coupled with economic package of 35,000 crores will definitely be able to correct the market sentiment.

Now its the time to buy at every major dips. (Major dips means a fall of 150 points or more on Nifty).

At the current levels and seeing the dramatic increase in volumes and accumulation going on UNITECH is the best buy for faster returns. AARTI Ind. is another low priced share whose short term target is 49-52.


During the Market:

  • Today's Open/High/Low/Close 2714/2861/2714/2784.
  • AARTI Ind. is recommended for mid term purchase.
  • 10.31 am. Investors are advised to hold on their positions. They can book 25% profits only when Nifty crosses 3010.
Pre Market Analysis 09.00 am.

  • The Economic Stimulus of Rs.30,700 cr. will definately boost the markets for early part of the week.
  • World over same type of economic leverage is being provided by central banks.
  • Markets will respond positively and may open with a positive gap.
  • Expected High/Low 2990,2930/2670.
  • Infrastructure, Real state, rather all sectors will show upside.
  • Buy at every major dips.
05/Dec/08
Post Market Review:

The Global Markets have have corrected over previous days good rise, this by any means should not be taken as a negative trend, on the contrary such small correction are a healthy and good for market.

Its not good for the markets to move uni-directionally. If they correct and and move on its very healthy. So a small dip of -74 points after a gain of +132 points indicates a healthy trend.

Then, Manmohan Singh is much seasoned economist and knows what to do to keep the markets healthy.

There one advise: to accumulate shares if in any case markets go below 2590.

During the Market:
  • Nifty closed at 2714 and Advance /Decline at 10/40.
  • Nifty appears to close around 30-40 points negative, which is not bad but rather good to correct over yesterday's rise.
  • 02.50 pm. The Nifty at present is trading at low of 2708 and Advance/Decline is 15/35. A combination of profiteering and accumulation is seen.
  • The Advance/Decline is 17/33, a not healthy apperance, while SUZLON, UNITECH, TATAMOTORS, ACC & GAIL are advancing whereas TCS, INFOSYSTCH, TATACOMM, BPCL & ZEEL are declining.
  • 11.34 am. The Nifty is at present very volatile and is at 2750+ levels.
  • Lot of choppiness and volatility is witnessed.
Pre Market Analysis 09.00 am.
  • Nifty is likely to open at around 2791.
  • All the Global markets have slid, today probably after touching 2830 levels profit taking can take place.
  • Expected High/Low 2833,2939/2737,2643.
  • Nifty may show early  gains and will probably slide as per global cues.
04/Dec/08
Post Market Review:

The markets today witnessed "Manmohan Effect" and sold only one-way ticket, the India Inc. has tremendous confidence in the capabilities of Manmohan Singh. The early shorts were butchered. The market rallied to close at 2788 after touching days high of 2793. After brief opening spell when the Nifty touched days low at 2646, it was just one way journey till the end of the session.

The Nifty will face a resistance around 2830, then the next crucial resistance is at 2990. Tomorrow, a profit booking can take place above 2830, and then the Nifty may resume its northward stride. 


During the Market:
  • 03.15 pm. There seems no respite for the short-sellers who were entrapped in hourly hours of the trade.
  • Inflation at 8.40% versus 8.84% over last week.
  • 02.30 pm. The Advance/Decline ratio is 48/2 which is very healthy.
  • 02.25 pm. The Reality stocks are very active and staging some comeback. UNITECH, SUZLON, GVKPIL, JPASSOCIAT, HDIL, DLF & IBREALEST are forerunners with heavy volumes.
  • At levels of 2810-2830 profit booking is not ruled out. Its the "Manmohan Effect", which may be pulling the Nifty.
  • 2.12 pm. Its day of Reality Stocks, Banks and Cement sectors. Nifty has reached a level of 2740+.
  • 01.58 pm. Nifty at 2670 being pushed up by UNITECH, SUZLON, TATAMOTORS, SAIL & heavy weight RELIANCE. The Nifty is being pulled down by HINDALCO, SUNPHARMA, HEROHONDA, CIPLA & BHARTIARTL.
  • 12.05 pm. At present lot of volatility is there and Nifty is trading at 2670+ levels.
  • 09.58 a.m Nifty opened with a positive gap of 6 points and immediately went down 2645 and again swiftly recovered.
Pre Market Analysis 09.00 am.
  • Markets to witness high volatility.
  • Opening may be with positive gap.
  • Closing is expected to be +/- 30.
  • Expected High/Low 2833/2610, 2502
  • If market plunges to 2502 or below short to medium term investor can enter with a target of +5%.
03/Dec/08
Post Market Review:

The markets exhibited lot of volatility but settled for a flat closing. All the world markets excepting UK & Germany are up, lets wait for US market to open.

Nothing has changed globally so not much is expected.

Crude oil is at low, rupee is at its strength. Bleak economic forecast.

During the Market:

  • 03.45 pm. Nifty finally closed at 2656, absolutely FLAT.
  • 03.23 pm. The Nifty seems to settle for a flat close.
  • 02.10 pm. European markets again showing downtrends, Nifty is expected to follow suit.
  • 02.02 pm. Nifty is trading approximately flat and the advance/decline 23/27.
  • 01.32 pm. Nifty is at 2663, its expected that it may close at around 2690 the way things are right now.
  • 11.45 am. TATASTEEL, SUZLON, UNITECH, SAIL & PNB are major gainers and the Nifty losers are HCLTECH, IDEA, WIPRO, AMBUJACEM & BHARTIARTL.
  • 11.38 am. Nifty has covered the lost ground, making a saucer shaped comeback. Its now trading at 2650+ levels.
  • 10.55 am. Nifty opened with a weakness and plunged to 2620 level.

Pre Market Analysis 09.00 am.

  • The world markets have rebound back, Nifty may also follow the global trend.
  • The US oil Inventory can have adverse impact on the sentiment.
  • Rupee strengthening can have a good impact on IT sector.
  • Expected High/Low 2779,2830/2610,2550.
  • Buying below 2525 or around 2500 is advised for long term. Funds are also buying.
 02/Dec/08
Post Market Review:

Amidst global meltdown Indian indices also kowtowed and plummeting to 2570 , in the last leg of the session Nifty recovered back to 2657.

Gainers were led by IDEA, UNITECH, RELINFRA, DRREDDY & ZEEL, the losers were M&M, HCLTECH, SUZLON, MARUTI & TCS.

In good times, the news of Manmohan Singh taking over the Finance portfolio would have been a booster beyond doubt, but in times like these every news is a BAD NEWS. Besides all this Manmohan Singh's capabilities will definately give the markets the desired direction is anybody's guess.

Crude oil has settled below $48 and the impact can felt by declines in bourses world over. Tomorrow the US oil reserve inventory results are expected which are not going to be healthy for the global markets.


During the Market:

  • 01.48 pm. Nifty at 2590. Since opening the the Nifty is range bound in very narrow range of 2590-2620.
  • 11.23 am. The advance decline Ratio is 2:48, only DRREDDY & GRASIM are gainers while HCLTECH, STER, CAIRN, M&M and MARUTI are declining.
  • 11.19 am. Nifty is moving in a very small range and is expected to break-out positively.
  • 10.11 am. Nifty has opened with weakness and is hovering around -80 points at 2590-2600.


Pre Market Analysis 09.00 am.

  • Opening may be with a downward gap.
  • Markets to recover very soon.
  • High volatility expected.
  • Expected High/Low 2940/2643.
  • IT and Power sectors to lead.
  • Global cues are not positive, but rupee weakening may boost IT and other export oriented companies.


 01/Dec/08

Post Market Review:

Today Nifty could not sustain the early gains and plummeted to 2682, below support levels of 2690. Such a negative close may pull the Nifty further south amidst growing concerns for global economy.

The European market forced Nifty's southward journey and downward trend of American future market added fuel to it. The souring of Indo-Pak relations is another cause of concern. The irresponsible political comments to the public protest for Mumbai Attacks is a glimpse of Indian leaders' maturity.

The Nifty closing below the crucial support level now has next support at 2630 thereafter way down at 2500, hopefully the Nifty closes tomorrow above 2690. The Nifty  has a next major resistance at 2990.
 


During the Market:


  • 03.45 pm. Fueled by fall in European bourses Nifty settled down to close at 2682. The days highs were at 2832 at around 1.30 am.
  • 02.00 pm. Nifty is at a low of 2745.
  • 10.26 am. Asian markets are up nearly 7%, mutual funds are buying.
  • 10.25 am. M&M, HEROHONDA & MARUTI are top losers.
  • 10.20 am. Nifty is currently exhibiting good strength at levels of 2802. Unitech, BPCL, GAIL and Hindalco are top gainers.
  • 10.15 am. Nifty has opened firm.
Pre Market Analysis 09.00 am.

  • Market to remain volatile.
  • PM Manmohan Singh taking over as FM will have a positive impact on the sentiment.
  • Expected High/Low 2939,2990/2760,2690.
  • Metal,Power and Gas Sectors can recover.

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