Archive for JANUARY 2009 


30/Jan/09
Post Market Review:

Today the Nifty rallied along expected lines. This momentum shall continue for some more time. A level of 3100 for Nifty is expected.

Global situation is very alarming. Banks & big corporations are trying to keep afloat with huge layoffs.

Only Asian economies were upbeat today while American, European and Japanese along with rest of the economies were down.

According to IMF only India & China will show positive growth of 5%+ whereas rest of the developed economies may have a negative growth of 2%.



During the Market:
  • 03.40 pm. The Nifty closed near the day's HIGH at 2874.
  • 02.50 pm. The gainers are led by DLF, RELINFRA, HCLTECH, STER & SAIL, while the losers are led by SUNPHARMA, TATAMOTORS, BHEL, POWERGRID & TATACOMM.
  • 02.46 pm. Nifty is gaining strength with continuous buying. The Advance/Decline is at 39/10 with 1 unchanged.
  • 01.12 pm. The Nifty may settle for a close near day's high.
  • 12.00 pm. This is typical formation of consolidation.
  • 10.01 am. The Nifty opened with a weakness and dipped instantly. It is at present trading at 2785 level.

Pre Market Analysis 09.00 am.
  • As per Technical Analysis the Nifty should rally now.
  • Global cues are are negative.
  • Earning Season is over.
  • Expected High/Low 2890,2960,3010/2790.
  • Markets can also move sideways for consolidation if rally is delayed.
29/Jan/09

During the Market:
  • 03.10 pm. The Nifty is hovering around 2830 and ideally it should close at this level.
  • 02.24 pm. After touching a low of 2796 the Nifty is recovering.
  • 12.35 pm. Nifty is under immense selling pressure. It has touched 2822.
  • 10.45 am. Nifty is trading at a level under 2839.
  • 10.21 am. Advance/Decline is at 37/13 at present.
  • 10.08 am Nifty is exhibiting lot of volatility at present.
  • 10.03 am. The Nifty opened to strike a high of 2873 then sank  to 2847 but recouped quickly.

Pre Market Analysis 09.00 am.
  • The US president has been able to get a pass for his 'Stimulus' plan. This will have its positive impact.
  • Global cues are positive.
  • Nifty may make a better high but possibly settle for a lower closing.
  • Expected High/Low 2830,2890,2930/2790.
  • Nifty will make early gains and at the end of session may droop down.
  • Financial stocks may see upsurge.
  • TCS has a record date today for 3rd. Interim Dividend of Rs.3/per share.
  • GAIL will go ex from 30/Jan/09 with record date 02/Feb/09 for INTERIM DIVIDEND.
  • POWERGRID will go ex from 04/Feb/09 with record date 05/Feb/09 for INTERIM DIVIDEND.
28/Jan/09
Post Market Review:

Today was another day of short covering, as traders mopped up their positions a day before Monthly Settlement. Otherwise there was no cue for the market to be so bullish. Very soon the reality will stage a comeback.
During the Market:
  • The Nifty closed at 2790.
  • 12.34 pm. Nifty is moving between 2805 and 2790 since 10.00 am.
  • 11.00 am. Nifty is moving sideways.
  • The Nifty opened and immediately registered a positive of 30 points.

Pre Market Analysis 09.00 am.
  • Global cues are flat with negative bias.
  • Nifty may show early gains and end flat or with 20-30 point plus.
  • Expected High/Low 2790/2710.
  • Don't indulge in speculation, better would be wait & watch.

27/Jan/09
Post Market Review:

The Nifty showed a buy-back rise which was imminent because of sale-off witnessed on last Friday the 23rd. Jan'09. The investors were wary of carrying over their positions over the weekend plus a holiday for Independence day.

Crude oil which is a major economic indicator has very alarming forecast. With OPEC countries planning of further cutting down the production in the coming 15th. March '09 Meet, to study the declining oil prices. Oil inventories are piling up in US & Europe making retailers jittery. US Oil inventory data due to be released on Wednesday(27/Jan/09), may further punch the market sentiment.

Governments world over are doling out bail outs in an attempt to overcome recession, but with little effect. The situation appears indomitable.The 'Stimulus' of US, which is yet to see daylight, will be invigorating for the market, but for how long ? 

The RBI could further cut rates if inflation remains under control.

Appreciation of Dollar in comparison to INR is indicative of lower exports and slower inflows.

As far as Nifty is concerned, it may move sideways.

During the Market:
  • Nifty closed at 2771.
  • Advance/Decline is at 45/5, very optimistic.
  • Nifty is moving sideways at 2760.

Pre Market Analysis 09.00 am.
  • The Global cues are positive.
  • Nifty is in oversold region.
  • Flat opening with some consolidation expected.
  • Markets may move sideways.
  • Expected High/Low 2760,2730/2610.
  • Accumulation suggested if Nifty sinks below 2590.

23/Jan/09
Post Market Review:

This week saw Nifty drifting lower to Nov'08 levels once again. The Nifty's progress was marred by weak results, continuous fall in global cues.

Today being last working day of the day followed by Monday (26/Jan/09)Holiday, investors were wary of carrying forward their positions. All throughout the day heavy sell off was witnessed.

Further downside is visible for the coming week as there is also a  last settlement day for the month on 29th. Jan'09.

Small investors are advised to be very cautious in their approach and if not very compelling to refrain from the active participation.
During the Market:
Just Relax and be a silent spectator till this earning season passes away.

Pre Market Analysis 09.00 am.
  • The Global cues are negative.
  • This being result season, and the results are not going to be good, so markets may react negatively.
  • 2% to 3% Negative Movement can take place.
  • Expected High/Low 2730,2760/2660,2610.
  • BEST IS STAY AWAY, EVERYDAY ONE IS NOT REQUIRED TO TAKE A POSITION IN SHARE MARKET.

22/Jan/09

During the Market:
  • 05.00 pm. The Nifty closed at 2714. Open/High/Low/Close were 2714/2744/2681/2714.
  • 04.58 pm. Due to technical snag service was disrupted from 10.15 am. to 04.45 pm.
  • 09.55 am. Nifty has opened positive at 2729.
Pre Market Analysis 09.00 am.
  • The Global cues are just turning to be positive.
  • Dollar has appreciated.
  • Crude oil is $44 plus.
  • The Nifty has reached the oversold region.
  • The expected High/Low 2760,2810/2690,2660.
  • The Nifty may not go below yesterday's low but is not expected to be showing better closing.
  • The markets are expected to be choppy and range bound.
21/Jan/09
Post Market Review:

FDIhave sold $13 billion shares of Indian market in 2008, and in 2009 till date they have already sold $600 million worth of shares. A bad sign indeed.

The change over to Barack Obama has generated hope in Islamic countries that strained relations with US would ease. Though Muslim world is cautious in their statements.

Dollar has appreciated on selling spree by Indian Export Houses, signifying lowering of exports. Indian Rupee fell 19.1 % in 2008, and in 2009 it has already fallen 0.8%. If Dollar appreciates then the Indian Rupee will depreciate. This tells about lowering of Dollar inflow.

US markets have gained by 4.35% on account of good results of IBM.

Tomorrow it is expected that NSE may also reciprocate positively.

During the Market:
  • 03.40 pm. Nifty finally bowed out at 2706, full 90 points down.
  • 02.35 pm. Nifty is oscillating between 2780-2740.
  • 01.28 pm. The Nifty has made an "inverted saucer" for the day and may retrace its footsteps.
  • 12.26 pm. Nifty is trading in 30-40 point range. Nifty is awaiting  some news to get direction.
  • 10.21am. The Advance/Decline is at 11/39, Advances are HCLTECH, SUZLON,CAIRN, ONGC & RANBAXY, while declines are comprised of ICICIBANK, WIPRO, POWERGRID, SAIL & BHARTIARTL.
  • 10.05 am. The Nifty on opening dived to 2740 levels, and now is recouping.
Pre Market Analysis 09.00 am.
  • The already gloomy world economy is afflicted with banking holocaust at regular intervals.(Royal Bank of Scotland crisis).
  •  Recession fears are far from under control.
  • Indian markets apprehensive of US policymakers.
  • Expected High/Low 2890,2860/2760,2730.
  • Nifty can recoup from days lows to close higher.

20/Jan/09
Post Market Review:

With swearing in of Barack Obama lots of cautious optimism has evolved across the globe. Indian markets are also not unaffected about the new change in regards to their relationship and how in reality INDO-US relationship will bloom. Lot of conjectures are drawn but only the time will foretell what is in store.

The world economic scenario has not changed with Royal Bank of Scotland inflicting the latest blow.

Crude oil has recouped after latest lows.

The Russian gas problem has also been resolved reducing the dependencies on oil products for energy requirement in European continent.

As of now the world market are in red with the only exception being Shanghai which just remained on the surface.

Tomorrows outlook is quite neutral with a possibility of lower levels. The market may not be volatile and neither very optimistic. Side ways movement is expected for the majority of the time. In fact Nifty is looking for a direction.


 

During the Market:
  • 03.40 pm. Nifty closed at 2796.
  • 03.00 pm. Short covering is pulling the Nifty.
  • Not much in today's session. Market awaiting cues to emerge after Obama's swearing.
  • 10.45am. Following companies will today declare their III quarter results :Dr. Reddy's Laboratories Ltd, Hero Honda Motors, Mangalore Refineries and Petrochemicals Ltd, Reliance Capital Ltd, Alstom Projects IndiaLtd, ICI India Ltd, Kirloskar Brothers Ltd, LIC Housing Finance Ltd, Mahindra Lifespace Developers Ltd, Mukta Arts Ltd, Nagarjuna Fertilisers & Chemicals Ltd, NIIT Ltd, Polaris Laboratories Ltd, Shyam Telecom Ltd.
  • 10.05 am. The Advance/Decline is abysmal at 0/50.
  • 10.01 am. The Nifty opened flat and instantly dived to 2780 and is maintaining its position.
Pre Market Analysis 09.00 am.
  • Hang se & Shanghai have opened negative.
  • American & Mexican are barely above while the European & Japanese markets are down.
  • Nifty is sitting on the fence.
  • Today the market may digest the second bail out plans of Kamal Nath.
  • Expected High/Low 2890,2930/2810,2790.
  • The markets are expected to choppy.
  • The Nifty may make a better top than yesterday but may settle for a lower close.

19/Jan/09
Post Market Review:

The second Bank bail out plan has failed to continue the euphoria of the European markets. Crude oil has bettered as compared to previous close,but an uphill climb is needed.

Recent reduction in inflation numbers have eased the situation for the Reserve Bank of India (RBI).Now RBI can increase more liquidity in the Indian Economy. Resulting in more interest rate cuts.

Another stimulus package to lift growth is being actively considered by Mr.Kamal Nath. This may result in increasing liquidity and relief measures for export and housing sectors, the trade minister said on Wednesday. Mr.Kamal Nath also said the government was looking at possible duty cuts for more goods to stimulate demand in the economy.

The sectors which are poised for sustained growth are Telecommunications, Engineering & Capitol Goods, Oil & Gas and FMCG.


During the Market:
  • 03.35 pm. The Nifty finally slid amongst sudden bought of profit taking to close at 2846.
  • 03.04 pm. Ultimately the Nifty crossed over 2860.
  • 02.33 pm. In post 2pm. session Nifty has thrice attempted to cross 2860 unsuccessfully.
  • 01.37 pm. Till now a listless trading session.
  • 10.43am. The Advance/Decline is at 25/25. The Leaders are SUZLON, STERLITE,SAIL, ACC & POWERGRID where as losers are UNITECH, ICICIBANK,M&M, DLF & HDFC.
  • 10.30 am. Nifty's breath is positive but its moving at present in a very small range.
  • 10.00 am. The Nifty has opened flat and then gained 20 points.

Pre Market Analysis 09.00 am.
  • The Nifty may consolidate at these levels.
  • Global cues are neutral.
  • Expected High/Low 2890/2790.
  • Small oscillations of Nifty in range of 30 points expected.
  • Otherwise a quiet day anticipated.

17/Jan/09
Post Market Review:

The Nifty throughout the week was dominated by Satyam saga. The global cues also turned negative during the week. Above all Crude also slumped and the ghost of US sub prime also surfaced again to haunt the investor sentiment.

In the present context of Nifty, it is moving in a band of 2500-3200. Till this level is crossed bears will continue to outrage any gains and the Nifty will not be in a comfort zone.

Now 2890 has emerged as very powerful resistance for Nifty. The short term strategy should be to buy at levels around 2610 and sell around 2830-2860.

The Sectors which are safe even for mid to long term are Infrastructure,Power, Gas & Oil. INFOSYSTCH & TCS are also attractive at lower levels.

The result usually season presents an good opportunity for buying as some shares are hammered mercilessly.
16/Jan/09 
During the Market:
  • 03.38 pm. The Nifty closed at 2828 after touching days high of 2835.
  • 02.45 pm. Nifty have touched the days high 2820.
  • 12.10 pm. The Advance/Decline has improved to 42/8.
  • 10.50am. The Advance/Decline is at 39/11 for Nifty. The gainers areRELINFRA, RCOM, RELIANCE, GAIL & NTPC while losers are DLF, ZEEL,TCS, WIPRO & GRASIM.
  • 10.46 am. The Nifty opened flat and immediately shot up to 2788 and is presently trading in  narrow range.
Pre Market Analysis 09.00 am.
  • Nifty has reached oversold area so buy back or pullback expected.
  • Expected High/Low 2790,2836/2710,2690.
  • The Closing session may see a downward close.
  • Today being last working day of the week investors may cut long positions after inflating the market.
15/Jan/09

During the Market:
  • 03.35 pm. The Nifty closed exactly at 2736.
  • 10.52 am. The Nifty seems to stay in and around these  (2700-2710) levels.
  • 09.57 am. Nifty has opened with a downward gap at 2790 and plunged down to 2701 level.

Pre Market Analysis 09.00 am.
  • The Global Markets are again haunted by fears of recession.
  • American, European Markets are again correcting.
  • Asian markets including Nifty may follow the decline.
  • Nifty is expected to open higher and end up at lower levels.
  • Expected High/Low 2890/2736.
  • Oil & Gas, Power, Infrastructure and INFOSYSTCH in IT Sector remain attractive.
14/Jan/09
Post Market Review:

The Global cues are turning negative, again haunted by fears of recession. Crude Oil has again slipped.

The rise in Stocks have upgraded strength of Rupee.
During the Market:
  • 03.45 pm. Nifty finally closed at 2835. The highest point of the day was 2853.
  • 02.05 pm. Advance/Decline is at 39/10 and 1 unchanged.
  • 12.20 pm. Nifty may touch a days high of 2860.
  • 12.15 pm. Nifty expected to finally close at 2810+ level.
  • 11.15 am. Advance/Decline is 40/10 which is very healthy.
  • 10.23 am. Nifty has opened with positivity and climbed to 2790 and then moved cautiously to 2810.

Pre Market Analysis 09.00 am.
  • Global cues are mixed.
  • Signs of reversal present.
  • Nifty may be volatile but range bound.
  • Expected High/Low  2790,2810/2710,2660.
  • Nifty is expected to close flattish.
13/Jan/05
During the Market:
  • Investors should accumulate GAIL below @200.
  • 10.25 am. Today the Nifty is expected to end in a positive territory and lot of volatility will be there.
  • 10.20 am. On opening Nifty immediately dipped to 2741 and with same urgency rebounded back.

Pre Market Analysis 09.00 am.
  • The Global cues and Indian Inc. are on a negative note.
  • Since the Nifty is already in oversold region more downside is not expected.
  • Expected High/Low 2930,2860/2710,2690.
  • Cherry-Picking in Power, Gas & Oil,IT Sector: especially INFOSYSTCH & TCS recommended.
  • Nifty may rebound from lows.
12/Jan/09

During the Market:
  • 03.35 pm. Nifty finally closed at 2773.
  • 02.34 pm. The Nifty should retrace back form this level (2748).
  • 01.38 pm. Advance/Decline is at 3/47, only leaders are SUNPHARMA, HCLTECH & HINDUNILVR.
  • 01.32 pm. If the Nifty does not go below 2760 then it may pull back in the last leg of the session.
  • 01.25 pm. Nifty is back to the lowest point of the day till now.
  • 11.20 am. TATASTEEL is also attractive @ around 200.
  • 11.17 am. GAIL is recommended @ below 200.
  • 10.50 am. The Nifty seems to have made double-bottom for the day and may pull back from here.
  • 10.00 am. INFOSYSTCH & TCS are attractive at these levels for mid to long term investment.
Pre Market Analysis 09.00 am.
  • Global markets are correcting.
  • Truckers strike will have its toll.
  • SATYAMCOMP will continue to overshadow the proceedings.
  • Although Nifty is in oversold region but some more slide is expected.
  • Expected High/Low 3010/2810,2760.
  • High Risk players can go for cherry-picking below 2836.
  • IT Sector stocks especially INFOSYSTCH and TCS have become attractive.

 09/Jan/09
Post Market Review:

Itstoo early to state that the Nifty has exhibited great strength by dipping only 47 points. The measures taken to prevent further collapse can also be behind the minimal fall. The real picture will emerge only after Monday i.e. 12/Jan/09.

The eminent fall of Nifty may be postponed for the Earning Season which is to begin soon.

After brief rally the world markets are already correcting. Crude oil is once again backtracking.

New investments can wait till the earning season casts its spell.


During the Market:
  • 03.40 pm. Nifty finally closed at 2873 just 47 points down.
  • 03.28 pm. The Nifty has exhibited great strength by not dipping as per expectation.
  • 01.10 pm. The global markets are in the red.
  • 12.51 pm. Just watch with restraint. Everyday is not a trading day, its not necessary that everyday one should trade.
  • 10.23am. Only after Monday i.e. 12/Jan/09, the real picture of the market will emerge, at present RESTRAINT is better than VALOR.
  • 10.14 am. The Nifty opened with a negative note and dived to 2860 level and then is showing recovery.
  • A word of caution: please don't enter the market this recovery could be a trap.

Pre Market Analysis 09.00 am.
  • Whole scenario has become suddenly negative for India Inc.
  • SATYAMCOMP will cast its evil shadow on today's session.
  • Markets and Nifty will continue to react.
  • Expected High/Low 2940/2810,2760,2690.
  • Best is to wait and watch.
  • Although world cues are very positive.
  • Nifty can retest 2000-1960 level in due course of time if FII's join the reaction.

08/Jan/09

Holiday on account of Mohurram.

07/Jan/09
Post Market Review:

Themuch needed cue for sell-off was provided by the SATYAMCOMP scandal.Even otherwise also the Nifty was in an overbought position and had to correct.

SATYAMCOMP has shaken the investors' confidence in the corporates. When such an incident can happen in such a big company,what would be ground reality of other mid and small companies ? Mere thought of it sends investors shivering.

Inour 26/Dec/08 Pre-Market Analysis we wrote "Avoid STAYAMCOMP till theiris major change in management board. They have lost public confidencefor long term."
Now the above statement gains credence with SEBI and other battery of Ministers.

One thing is beyond comprehension that, were these regulators not awake before or they surface only when such dastardly things have played the havoc ?

Its really a difficult situation, for building confidence it takes years. How easily these big shots and big names can play with public money and then lot of inquiry commissions will be propped up to mop the spill. The whole system looses its face. Such scams keep on erupting every three years to dislodge the investors' confidence and every time one sees new laws and overhauling of financial reforms.

Are there any controls ?? Is anyone accountable ???

No ANSWER.

 
During the Market:
  • 03.35 pm. The Nifty finally closed at 2920.
  • 03.20 pm. The 200 point single day correction provides excellent opportunity to do cherry-picking.
  • 03.16pm. Tomorrow NSE is closed. This may be one of the reasons that investors  or operators are applying last pressure tactics of wrenching out shares from weak hands.
  • 03.05 pm. Last minute recovery is on the cards.
  • 02.57 pm. The Nifty has corrected for good, it should be treated as an opportunity to enter the market.
  • 12.02pm. This burst of selling is an effective strategy used by operators to snatch shares from weak hands. This should be used as an buying opportunity.
  • 11.07 am. The Nifty went down to 3084 and again back to square one.
  • 10.42am. The market is led by NATIONALUM, SATYAMCOMP, STERLITE, TATASTEEL& HCLTECH, where as laggards are DLF, PNB, GAIL, SBIN &POWERGRID.
  • 10.41 am. The Advance/Decline is at 27/22 and one 1 unchanged.
  • 10.34 am. The Nifty after opening with a positive gap has slipped and is trading at 3111.
Pre Market Analysis 09.00 am.
  • The Nifty is in overbought region.
  • The Nifty by and large will move sideways today.
  • The consolidation process shall continue.
  • Expected High/Low 3190,3160/3090,3060
  • Not Much action is expected.
  • At a level above 3190 you can book 10% of the profit and re-enter at 3060 or lower.
06/Jan/09
Post Market Review:

After Northward movement a healthy condition is indicated by consolidation.(Side-ward movement). This is the reason for mixed behavior of world  markets. After such consolidations, the strength is gained for the next endeavor.

Today's movement of Nifty is as per the above guidelines. This implies that the Nifty will soon climb to next level,or at least will make an attempt to do so.

Soon the III Quarter Results will be out, which are not going to be very healthy. This is a fact, which everyone shares, but will provide an insight into ability,vision and planning skills of the respective Directors.

Duringthis time, Nifty will also react, by being very volatile. Thus, will provide an opportunity for the investors to enter the market or book some profit.

During the Market:
  • 03.35 pm. The Nifty after listless trading consolidated its position and closed at 3112.
  • 03.28 pm. This is a typical lesson for new investors how shares are taken away from weak hands and transferred to strong hands.
  • 03.20 pm. This flat closing signifies lot of reserve strength left in Nifty.
  • 03.14 pm. Nifty is heading towards a flat consolidated closing.
  • 02.51 pm. Nifty will cover back and may close above 3090.
  • 02.38 pm. The Nifty has slipped to lowest support level for today at 3060.
  • 12.48 pm. Its good that market consolidates the gains, there after it may move upward. It provides strength to market.
  • 12.02 pm. Nifty is moving in a narrow range of 25-30 points.
  • 10.33 am. Nifty is now hovering near yesterday's highs.
  • Nifty opened and after making a double bottom climbed up and became volatile.
Pre Market Analysis 09.00 am.
  • The Nifty has already reached over-bought position, so Nifty may move sideways or correct.
  • Second alternative is Nifty after touching 3236 may correct.
  • Global cues are still very positive.
  • Expected High/Low 3236,3260/3110,3090.
  • Market to be volatile today during early session, and later part.
  • Its best to wait and watch.

05/Jan/09
Post Market Review:

The second level of Nifty will begin when it crosses and stays above 3236mark. The Global cues are all positive and all the Reserve/Federal banks are extending their helping hands, Crude oil is steadily gaining strength.

The only barrier for present is 3236 mark for Nifty.

Short term profit booking is expected around 3236 levels but in the long run market conditions are optimistic.

The sectors which will accompany the Nifty are Infrastructure, Power, Steel, Oil & Gas Sectors.

During the Market:
  • 03.45 pm. In the penultimate session of the day Nifty crossed over 3100 to touch 3131 and close at 3121.
  • 01.38 pm. Nifty will continue to move in narrow range as expected. Near 02.15- 03.15 pm. some activity will be visible.
  • 10.42 am. Advance/Decline is at 39/10 and one unchanged.
  • 10.39am. Nifty is being led by UNITECH, TATACOMM, HINDALCO, STER andICICIBANK, while draggers are led by SATYAM, BHARTIARTL, HEROHONDA& IDEA.
  • 10.35 am. US is planning to reduce taxes for the benefit of Businesses  and especially for Middle Class.
  • 10.26am. After opening around 12 points positive there was immediate effort to reach and cross 3090. Thereafter the Nifty is trading in a small range.
  • The Nifty has opened on a positive note.

Pre Market Analysis 09.00 am.
  • The markets are positive with global cues.
  • The 2-3% increase is expected.
  • Expected High/Low 3110,3190/3090,3060.
  • Choppy session expected in the afternoon or towards closing.

03/Jan/09
Post Market Review: (for 02/Jan/09)

The Global cues are positive and market sentiment is on the cautious path of recovery. The crude oil is slowly recovering and various schemes of Reserve Bank to improve the picture are also helping the market.

The last session of Nifty was unable to hold on to intra-day gains amidst small profit-bookings near 3060 levels. This is typically an accumulation phase the strength of Nifty is maintained.

The next difficult level for Nifty is to close above 3236-3240.It can show some correction or consolidation at that level. If it ably crosses this resistance, then the path will clear for next move whichmay take Nifty to levels of 5200+.

Infrastructure, Power, Steel, Oil & Gas Sectors will provide the opportunity and upthrust in the coming months.  
02/Jan/09
During the Market:
  • 03.38 pm. After lot of struggle and intra-day profiteering the Nifty closed at 3046.
  • 02.55 pm. One last move to achieve 3090 is still on the cards.
  • 02.48 pm. Even the second attempt failed. Now it will make one last move to reach 3090.
  • 02.14 pm. After thrice attempting to reach 3090 Nifty is heading south to rework.
  • 01.55 pm. The Nifty is making attempts to touch the  level of 3110.
  • Crude Oil and Dollar are strengthening and providing the due impetus to the world markets.
  • 11.15am. The Advances are led by UNITECH, HINDALCO, ABB, RCOM &TATAMOTORS. The Declines are led by SATAYAMCOMP, AMBUJACEM, WIPRO, ZEEL& MARUTI.
  • 11.08 am. The Nifty is again climbing up to 3060. The Advance/Decline is 32/17 and 1 unchanged.
  • The Nifty has opened with a positive outlook.
Pre Market Analysis 09.00 am.
  • The Nifty may largely remain range bound (50-60 points +/-).
  • Nifty may end up somewhere near 3090.
  • Expected High/Low 3110,3160/ 3028,2990.
  • The uptrend will continue till earning season.
01/Jan/09
Post Market Review:

The European and other markets in general present a very positive outlook.Crude is also showing some signs of recovery.  The main scenario will take some more time to digest the upheaval.

With inflation numbers further slipping to 6.38, reduction of petrol & diesel prices and rising hopes of further cut in interest rates by Reserve Bank of India is big booster for sentiment.

Nifty is expected to reach 3190 and then if strength prevails is yet to be seen, as its a major resistance level. Another favorable condition is the interest of Funds in growing economies. With small corrections Nifty is expected to continue its northward journey.



During the Market:

  • Nifty has closed at 3033 with a plus of 74 points, with very positive signals for the coming week.
  • Nifty may largely remain range bound with low volatility.
  • Nifty has opened with a positive note.
Pre Market Analysis 09.00 am.
  • Market may end with modest gains (50-60 points).
  • Sentiment will be boosted by Earning Seasons expectations and steps taken by RBI.
  • Expected High/Low 3030,3130/2960,2890.

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