Archive of JANUARY '2011
Monday, January 31, 2011
Pre Market Analysis 08.30 am.
- Global cues are negative.
- Crude Oil has improved to $ 87.87 per barrel.
- USD vs INR strengthened at Rs.46.03.
- Nifty may get a relief rally.
- Expected High/Low 5620/5510,5410
- Time to wait & watch.
During the Market:
10.25 am. Nifty
after opening at a low of 5452 made a high of 5463 thereafter went down
to touch 5416. Nifty is clearly below 200 Exponential Moving Average
(EMA) and may take few months to come above it. The major stocks pulling
the NSE down are TCS, BPCL, HDFC, BHARTIARTL, BAJAJ AUTO & STER,
while the major gainers are ONGC, DRREDDY, GAIL, RELIANCE &
HINDUNILVR. Prompted by weak global cues Funds as well as retail
investors cutting short their positions.
01.21 pm. Nifty is staging a smart recovery and is very close to previous close.
03.46 pm. Nifty recovered from 5410 support levels and a retreat to near previous close at 5505. The top gainers were SIEMENS, DRREDDY, ONGC, HINDALCO and GAIL, while the top losers were JPASSOCIAT, BPCL, ITC, RELINFRA and HDFC. At lower levels buying support was seen.
01.21 pm. Nifty is staging a smart recovery and is very close to previous close.
03.46 pm. Nifty recovered from 5410 support levels and a retreat to near previous close at 5505. The top gainers were SIEMENS, DRREDDY, ONGC, HINDALCO and GAIL, while the top losers were JPASSOCIAT, BPCL, ITC, RELINFRA and HDFC. At lower levels buying support was seen.
Friday, January 28, 2011
Pre Market Analysis 08.30 am.
- Global cues are mixed, but broadly negative.
- Crude Oil has dropped to $ 85.19 per barrel.
- USD vs INR is stable at Rs.45.61.
- Nifty
in oversold zone but in a precarious situation, as now any down move
will keep Nifty down for months. Its expected to consolidate. Buying
may start.
- Expected High/Low 5660/5550
- Time to wait & watch. Small investors with high risk appetite can start buying in small quantities below 5570.
During the Market:
09.38 am. Nifty has touched a low of 5560, and from this onward the recovery may start.
02.48 pm. Nifty has tanked breaking all barriers sinking to a low of 5459. The FIIs are moving away in a big way as rising inflation has shaken their confidence.
03.40 pm. Nifty saw some buying from the days low and managed to recover to 5512. It was again a frantic session and selling was seen across the board. The major gainers were ONGC, ICICIBANK, BHARTIARTL, ITC and HINDUNILVR, while the major losers were RELIANCE, HDFC, LT, M&M and TATAMOTORS.
02.48 pm. Nifty has tanked breaking all barriers sinking to a low of 5459. The FIIs are moving away in a big way as rising inflation has shaken their confidence.
03.40 pm. Nifty saw some buying from the days low and managed to recover to 5512. It was again a frantic session and selling was seen across the board. The major gainers were ONGC, ICICIBANK, BHARTIARTL, ITC and HINDUNILVR, while the major losers were RELIANCE, HDFC, LT, M&M and TATAMOTORS.
Thursday, January 27, 2011
Pre Market Analysis 08.30 am.
- Global
cues
are mixed, European markets are positive whereas Asian are negative.
- Crude Oil has slightly improved to $ 87.57 per barrel.
- USD vs INR is stable at Rs.45.61.
- Nifty
still in oversold zone and down side remaining limited. Its expected to
move in a narrow range and may continue with consolidation. Further,
being last day of monthly settlement, so no fresh positions are likely
to be taken.
- Expected High/Low 5730,5780/5660,5630
- Time to wait & watch.
During the Market:
10.23 am. Nifty
opened high at 5725 but could not sustain and fell below the previous
close. Its traversing listlessly at present keeping just below the
previous close. INFOSYS, STERLInd M&M are major dragsters of NSE. It
may continue to trade flat quite sometime, action may be witnessed
towards the close of session.
03.45 pm. Nifty witnessed all round selling, not even a sector was spared. Nifty plummeted to close at 5604 after making a low of 5594. The worst affected were DLF, STERLITE, M&M, UNITECH and RANBAXY, while the major gainers were TATAMOTORS, AMBUJACEM, SESA GOA and RPOWER.
03.45 pm. Nifty witnessed all round selling, not even a sector was spared. Nifty plummeted to close at 5604 after making a low of 5594. The worst affected were DLF, STERLITE, M&M, UNITECH and RANBAXY, while the major gainers were TATAMOTORS, AMBUJACEM, SESA GOA and RPOWER.
Post-Market Riview:
The
low point is an opportunity for purchasing as all the negative cues
have been factored in. The crude oil is also below $90/barrel. Market
becomes attractive with one year time frame. One may buy in cautiously
as market is oversold. A word of cation is necessary because, Nifty is
close to 200 Day Moving Average
and if the Nifty dips below the 200 DMA then Nifty may go down further
for months. Nifty is precariously poised, only those investors having
high risk appetite may venture in this environment.
A word of caution: wait and see tomorrows performance and then take a stand.
Wednesday, January 26, 2011
 | Wishing you a very Happy REPUBLIC DAY JAI HIND |
Tuesday, January 25, 2011
Pre Market Analysis 08.30 am.
- Global
cues
are negatively inclined.
- Crude Oil has slipped to $ 86.58 per barrel.
- USD vs INR is at Rs.45.735.
- Nifty still in oversold zone may consolidate/correct slightly. The down side remaining limited.
- Expected High/Low 5750,5780/5660
- Time to hold.
Post-Market Riview:
Nifty
opened high at 5763 and touched a high of 5801, but more or less
travelled sideways in the positive territory due to lack of interest and
psychological fear of pending holiday tomorrow.
Later half experienced the selling pressure, the long positions were
squared off and Nifty tumbled to a low of 5680 and closed near the lows
at 5687. The chief reason being inflationary fears and RBI's control
measures.
The close today denotes the underlying lack of support , but the crucial level of 5660 remains intact. GAIL, SIEMENS and cement sector were major gainers while HINDUNILVR, ICICIBANK and DRREDDY were major losers.
When markets open on Thursday 27th. recovery is quite possible from this low level.
The fear of economy slowing down may overshadow any fresh rally.
The close today denotes the underlying lack of support , but the crucial level of 5660 remains intact. GAIL, SIEMENS and cement sector were major gainers while HINDUNILVR, ICICIBANK and DRREDDY were major losers.
When markets open on Thursday 27th. recovery is quite possible from this low level.
The fear of economy slowing down may overshadow any fresh rally.
Monday, January 24, 2011
Pre Market Analysis 08.30 am.
- Global
cues
are slightly positive.
- Crude Oil has slipped to $ 88.06 per barrel.
- USD vs INR is at Rs.45.685.
- Nifty in oversold zone may consolidate or recover. The down side remaining limited.
- Expected High/Low 5750,5780/5660
- Time to hold.
Friday, January 21, 2011
Pre Market Analysis 08.30 am.
- Global
cues
are negatively inclined.
- Crude Oil has slipped to $ 88.86 per barrel.
- USD vs INR is at Rs.45.685.
- Nifty in oversold zone may move sideways or consolidate. The down side is limited.
- Expected High/Low 5750,5780/5660
- Time to purchase and hold.
During the Market:
02.53 pm. Nifty
has been in the consolidating mode, and in this phase no significant
movement is expected. The momentum wither once Nifty breaks above
5890-5990 mark. This may happen after this consolidation phase is over.
The market has closed on a flat note.
The market has closed on a flat note.
Thursday, January 20, 2011
Pre Market Analysis 08.30 am.
- Global
cues
are negatively inclined.
- Crude Oil has improved to $ 90.24 per barrel.
- USD vs INR is weak at Rs.45.505.
- Nifty in oversold zone may move sideways or consolidate. The side is limited.
- Expected High/Low 5780/5650
- Time to purchase and hold.
During the Market:
09.34 am. Nifty
opened weak, in line with the global cues. Its trading at 5654 down by
36 points. This is the time enter the market in selected A group stocks
as by the end of the day recovery would be seen.
01.29 pm. Markets are likely to recover post 01.30 pm.
02.10 pm. Markets have recovered from the days low and have just surfaced above the last closing . Its trading above 5702.
03.35 pm. Nifty has closed marginally positive. Its now consolidating and may move north.
01.29 pm. Markets are likely to recover post 01.30 pm.
02.10 pm. Markets have recovered from the days low and have just surfaced above the last closing . Its trading above 5702.
03.35 pm. Nifty has closed marginally positive. Its now consolidating and may move north.
