Archive May,2009 



29/May/09


During the Market:
  • 03.35 pm. The Nifty closed at 4448 amidst profit booking in the last leg of the session. The top gainers were DLF, SUZLON, ACC, CAIRN & TCS, while the top losers were SUNPHARMA, TATACOMM, GRASIM, HCLTECH & TATAPOWER.
  • 03.05 pm. Nifty has survived the '02.30 factor'. Today the Advance/Decline ratio has been very encouraging, but in the last half an hour the profit taking has erupted.
  • 02.09 pm. Nifty has touched 4479 with a strong Advance/Decline of 44/6. The 02.30-03.00 pm. is the factor where profit taking can take place, otherwise Nifty is moving from strength to strength and may meet the second expected level of 4515.
  • 11.49 am Nifty at 4449 and Advance/Decline strong at 42/8. The top gainers are M&M, CAIRN, BPCL, UNITECH & ONGC, while major stocks going down are SUNPHARMA, TATACOMM, HINDUNILVR, HDFCBANK & STER.
  • 11.16 am. GDP numbers have come in. The IV Qt. GDP numbers are 5.8% recording an increase of 0.5%. The Annual GDP is at 6.7%.
  • 11.06 am. Nifty is at 4314, near the first expected level of 4420. The Advance/Decline is very optimistic at 47/3. Nifty may reach the second expected level of 4515 followed by a bout of profit taking.
  • 10.14 am. Nifty has opened firm and touched 4390 with Advance/Decline at 46/4. The major gainers are CAIRN, SUZLON, RCOM, SIEMENS & TATAMOTORS. The top losers are MARUTI, ONGC, STER & SUNPHARMA.
Pre Market Analysis 09.00 am.
  • Global cues are nearly positive.
  • Crude oil is improving.
  • Rupee is stabilizing, but the levels are pessimistic for exports.
  • Expected High/Low 4276,4515/4260.
  • Nifty may have increased volatility with positive bias and may close near highs.
  • Do you own study and stick to your plans. Don't give much ear to what 'expert-talk' in media as most are paid and have vested interest.
26/May/09

During the Market:
  • 03.40 pm. Nifty dipped to close at 4116, amidst profit booking by FIIs. The valuations are little stretched by post election sentiment.
  • 03.03 pm. Nifty has started the recovery after touching a low of 4092.
  • 02.42 pm. Nifty has touched a low of 4121 and Advance/Decline to a miserable 6/44. In this situation the recovery may take place in post 3.00 pm. session.
  • 01.29 pm. Nifty has slipped to 4144 with Advance/Decline at 11/39. The top gainers are INFOSYSTCH, STER, WIPRO, HEROHONDA & HDFCBANK, while the main losers are RANBAXY, POWERGRID, RCOM, ICICIBANK & RELCAPITAL.
  • 11.45 am. Nifty is just moving between 4260-4205, consolidating.
  • 10.22 am. Nifty made a high of 4256 and a low of 4224. The Advance/Decline is at 31/19, the high fliers are STER, SUNPHARMA, PNB, SUZLON & IDEA, while under performers are RANBAXY, BHARTIARTL, AXISBANK, SAIL & POWERGRID.

Pre Market Analysis 09.00 am.
  • Global cues are just neutral with negative apprehensions.
  • Crude is $61+ per barrel and is stabilizing.
  • Rupee is maintaining its strength, much to the agony of IT sector and exports.
  • Nifty is consolidating at 4200 levels.
  • With no major global or national cues Nifty may maintain its range bound, flattish moves.
  • Expected High/Low 4290/4110.
  • Power, Infrastructure, Real Estate and public sector banks of 'A' Group may be accumulated at all dips.
25/May/09

During the Market:
  • 03.35 pm. A dull day ended with flat closing at 4237. RANBAXY,  UNITECH, STER, DLF & BPCL were the top gainers, while BHARTIARTL, SUZLON, CAIRN, NATIONALUM & PNB were major losers.
  • 02.57 pm. A dull and listless trading session. Advance/Decline at 27/22 and 1 unchanged.
  • 12.55 pm. Nifty moving in a narrow range since last hour and may breakout positively. Advance/Decline at 30/20.
  • 11.56 am. Nifty has steered above previous close and is trading at 4258 with Advance/Decline improving to 35/15.
  • 10.07 am. Nifty on opening went straight up to touch 4269 and with equal momentum came down. It has made a low of 4230 and with Advance/Decline at 29/21 is trading near previous close. The top gainers being RANBAXY, DLF, RCOM, UNITECH & RPOWER, while the top losers are SUZLON, ONGC, NATIONALUM, TATACOMM & WIPRO.

Pre Market Analysis 09.00 am.
  • World markets are neutral.
  • Rupee has strengthened.
  • Crude has risen to $61.55/barrel denoting economic growth.
  • Now that Mr. Manmohan Singh has taken oath and resumed office as Prime Minister markets are going to applaud. The only negativity is Mamata Banerjee. Hope that Congress would have noosed the problematic MPs.
  • Expected High/Low 4410,4520/4205,4187.
  • Nifty is expected to have a positive bias with closing at higher levels.
  • Hold & watch. Book profits as when your predetermined profit accrue. Don't pay much heed to 'experts'. Do your own study & stick to your plans.
18/May/09

During the Market:
  • 12.57 pm. Nifty locked into the last circuit for the day at 4323. Indeed a standing ovation to the PM MR. MANMOHAN SINGH.
  • 12.05 pm. Nifty again locked into the upper circuit at 4308 up by whopping 17.33% over previous close. The top gainers are HDFC, RELINFRA, UNITECH, ICICIBANK & BHARTIARTL, while losers are none. Now market will open at 12.56.
  • 10.55 am. Markets gave a standing ovation to the new government by locking into upper circuit and thereby halting for two hours. The Nifty will now open at 11.55 am.
  • 09.59 am. The Nifty went straight for the first circuit at 15%, within seconds of opening to exhibit the exhilaration of market confidence and sentiment.

Pre Market Analysis 09.00 am.
  • Global cues are negative.
  • Dollar stagnating around Rs.49.55.
  • Crude trying to stabilize at $56+.
  • National cues are much stronger than global cues, the dream of stable government has come true. Now the 'Manmohan effect' will rule the market sentiment for next five years.. A Golden Era since independence.
  • Expected High/Low 4190,4230/4110
  • Convert paper profits to real profits and wait for next opportunity.

17/May/09

Post Market Review:

Now the Polls are over and the mandate is out, Congress (UPA) has got the reigns of the country without the Left bottleneck. This has fueled lot of optimism in the economic circles. Now the people of India have realized their dream of a stable and more efficient government for development. People want to see India better placed globally.

When with all the obstacles (mainly Left Parties) India could become no.2 in terms of growth, now with no obstacles where India could go....

Now a common man can expect faster pace of development & reforms. This is the golden chance for the country to become a DEVELOPED economy from DEVELOPING economy.

Markets are definitely going to applaud the victory of their dream government. On Monday (18/May/09) itself, the markets are going to reflect their feelings and optimism. Now for next five years India can expect the fastest pace of growth on all fronts.

Now the 'Manmohan effect' will be witnessed by the markets for coming five years.
 


15/May/09

During the Market:
  • 03.45 pm. Nifty closed at 3671, with Advance/Decline at 43/7. The top gainers were RANBAXY, IDEA, ICICIBANK, SIEMENS & NATIONALUM, while the major losers were ONGC, TATACOMM, NTPC, ITC & HINDUNILVR.
  • 02.50 pm. As expected after taking Nifty up the hill-top it is thrown over the cliff. Nifty made a high of 3686 and then the profit taking brought it down to 3649 level.
  • 01.58 pm. In a sudden spurt Nifty touched 3669 with Advance/Decline at 45/5.
  • 12.34 pm. Nifty at 3649 and Advance/Decline at 43/5 and 2 unchanged. Nifty is holding on to its early morning gains. The top gainers are TATAMOTORS, SIEMENS, AXISBANK, TCS, HCLTECH, while losers are ONGC, BPCL, TATACOMM, NTPC & SUNPHARMA.
  • 11.23 am. There can be profit taking after pushing the Nifty to the higher levels, or end of the day.
  • 10.42 am. SUZLON, STER, ICICIBANK, LT & UNITECH are top gainers, while top losers are ONGC, TATACOMM & BPCL. The Advance/Decline at 47/3, indicates very positive sentiment.
  • 10.25 am. Nifty has opened with positive outlook and touched a high of 3648 and has an Advance/Decline of 45/5.

Pre Market Analysis 09.00 am.
  • Global cues have turned positive.
  • Crude is stabilizing at $58.55/barrel.
  • Dollar has depreciated much to the discomfort of Exports & IT sector.
  • Today is the last day for apprehensions regarding Poll Results.
  • Nifty may be very volatile, range bound (3690-3537), with positive bias. It may close slightly higher than previous close.
  • Buy at 3540 or lower.
14/May/09

During the Market:
  • 03.45 pm. Nifty closed at 3593 with Advance/Decline at 16/34. The Major gainers of the day are DLF, SIEMENS, CIPLA, RANBAXY & HCLTECH, while losers were TATACOMM, STER, CAIRN, BHARTIARTL & AXISBANK. Overall it was just a time-pass waiting for election results.
  • 03.10 pm. Since it is operator driven market, the operators who have sold in the early part of session, would not like to cover it at high prices, so, it is expected that the markets may come down to morning lows to facilitate covering. When covering completes market may return to normal.
  • 01.59 pm. Nifty at 3598 and Advance/Decline at 22/28. The top gainers are SIEMENS, DLF, CIPLA, RANBAXY & BPCL, while top losers are TATACOMM, STER, CAIRN, AXISBANK & BHARTIARTL.
  • 01.18 pm. Nifty is at 3575 and Advance/Decline at 10/40, back to 10.15 am. state. ( Nifty has formed 'inverted-saucer' this pattern is considered bullish: at best Nifty may reach previous close).
  • 10.15 am. Nifty at 3579 and Advance/Decline at 6/44. The top gainers are IDEA, ACC, AMBUJACEM, BPCL & NTPC, while top losers are TATACOMM, ICICIBANK, SUZLON, TATAMOTORS & BHARTIARTL.
  • 09.58 am. On opening Nifty dipped to 3537 with Advance/Decline 2/47 and 1 unchanged. This is FEAR inducing move but an opportunity for high risk players.

Pre Market Analysis 09.00 am.
  • Global markets are correcting and negative.
  • Crude has softened, Dollar is sustaining its position.
  • Nifty is becoming very volatile and dominated by promoters. In such a situation small investors are milked either way, the best would be to watch from sidelines.  The market is for very high risk players.
  • Expected High/Low 3730,3821/3582,3540.
  • With lot of Volatility Nifty may end near flat.
  • Till the formation of new government market  is pardonable.
11/May/09

Post-Market Review:
Nifty is full of apprehensions regarding Indian Poll results which are due on Saturday,May16,2009. No party appears able to form government independently, so, a hung parliament. A coalition government may form ultimately which may be weak and may not be able implement developmental policies as required.

Unlike previous polls, this time, the fall has spread from single session to multiple sessions. Traders are being cautious and have reduced their longs.

Since, poll results will be clear on Saturday, Nifty may become temporarily weak. The long term uptrend is still intact. The uptrend may resume or the Nifty may stabilize from Monday, May 18, 2009.

This fall gives an opportunity to enter the markets for medium to long term investors.

During the Market:
  • 03.37 pm. Nifty closed at 3554. Advance/Decline at a low of 8/42.
  • 03.12 pm. This is poll's pre-result apprehensions that the traders are unburdening.
  • 02.51 pm. Nifty found support at 3534 and has recovered to 3557. The top gainers are M&M, AXISBANK, HDFCBANK, POWERGRID & NATIONALUM and top losers are UNITECH, DLF, RCOM, RELCAPITAL & HCLTECH. The Advance/Decline at a low of 9/41.
  • 12.43 pm. Nifty has dropped to 3566 with a low of 3562 and Advance/Decline at 8/41 and 1 unchanged, a very dismal state. Nifty may find support around 3540 levels and will retrace back.
  • 11.35 am. Nifty is at 3613 and has made a low of 3597 with Advance/Decline trailing at 16/34. The top gainers are ICICIBANK, AXISBANK, NATIONALUM, ONGC & SUZLON, the top losers are UNITECH, HCLTECH, DLF, RANBAXY & TATACOMM. Nifty is moving sideways and likely to recover.
  • 10.19 am. Nifty touched 3620 and Advance/Decline 23/27 but  recovered to 30/20 and Nifty is staging a come-back.
  • 10.02 am. Advance/Decline has come down to 39/11 but still Nifty in positive territory. ICICIBANK, RELINFRA, STER, SBIN & RCOM are leading, while HCLTECH, ABB, DLF, HINDUNILVR & RANBAXY are in downtrend.
  • 09.57 am. Nifty has opened on a positive note  and is trading at 3651 after touching 3660. Advance/Decline at 34/4 and 1 unchanged.

Pre Market Analysis 09.00 am.
  • Global cues are positively inclined.
  • Crude oil is firming up, a positive indication of healthy recovery.
  • Dollar's weakness is affecting IT sector and other exports, at the same time is good for imports.
  • The three session fall in Nifty is good for strengthening Nifty. Small corrections during uptrend are healthy. A positive rally is now expected any day.
  • Expected High/Low 3690,3720/3540.
  • Buy at dips of more than 80-90 points. Definite buy on final election results day if market dips drastically.
08/May/09


During the Market:

  • 03.35 pm. Nifty closed at 3620 a fall of -1.72%. It was a profit taking which pulled it to 3582 the lowest point of the day, from where it recovered to close 62 points down than previous close. The major gainers for the session were HINDUNILVR, PNB, CAIRN, HEROHONDA & GAIL. The top losers were WIPRO, RELINFRA, ICICIBANK, STER & AMBUJACEM. The Advance/Decline  was pessimistic at 8/42.
  • 01.46 pm Nifty has turned negative for the day, touching 3593 with Advance/Decline at 2/48. More downside to be seen, but last leg can see some recovery.
  • 12.56 pm. Nifty touched a low of 3626 with Advance/Decline declining to 9/41.
  • 12.37 pm. Nifty chose to go down to 3642 with Advance/Decline at 12/38. STER, WIPRO, HINDALCO, HDFCBANK & TATAMOTORS are prominent losers.
  • 11.55 am. Nearly two hours into trade Nifty is just sticking around previous close. May be second half of trade be interesting.
  • 10.57 am. At this stage Nifty has an Advance/Decline evenly poised.
  • 10.38 am. POWERGRID, CAIRN, ONGC, CIPLA & AMBUJACEM are top gainers while HDFC, STER, WIPRO, HINDALCO & HCLTECH are major losers.
  • 10.35 am. Nifty opened flat at 3681 and jumped to 3711, but could not sustain the gain and slipped below previous close to 3677. Now its recovering at 3696, with Advance/Decline at 30/20.


Pre Market Analysis 09.00 am.

  • Global cues are apprehensive.
  • Crude oil is strengthening while dollar is holding a weak position.
  • In the absence of any cues Nifty may trade sideways within a range.
  • Expected High/Low 3740,3821/3521,3460.
  • Guard yourself from news based scrips and avoid Z category.
05/May/09

During the Market:

  • 03.35 am. Nifty closed at 3661, almost flat.
  • 03.09 am. Nifty is very resilient and any effort to short is being thwarted.
  • 03.00 am. Nifty trading at 3666 with Advance/Decline at 27/23. The top gainers are DLF, UNITECH, SUZLON, TATASTEEL & RELINFRA, while major losers are HDFC, ITC, SIEMENS, BPCL & INFOSYSTCH.
  • 12.37 pm. Advance/Decline at 25/25, shows indecisiveness, and may result in flat closing.
  • 10.54 am. Nifty has just come up above the previous close, and will make new move upwards.
  • 10.25 am. Nifty on opening made a high of 3670+ and slumped  immediately below 3620. At present, its trading around 3630.

Pre Market Analysis 09.00 am.
  • Global cues are continue to be positive.
  • Nifty's strength is intact and trend very positive.
  • Nifty is stretched so a side ways movement and a closing at day's low expected.
  • Expected High/Low 3690,3740/3508.
  • Wait & watch for buying, enter if fall is more than 180 points.


04/May/09
During the Market:


  • 003.39 pm. Nifty closed strongly at 3654, a 180 points plus for the day. Nifty touched a day's high of 3664.
  • 03.05 pm. Nifty has sustained the gains and is moving from strength to strength, with Advance/Decline firm at 47/3. (Nifty has met expected level of 3660 as per pre-market analysis)
  • 02.13 pm. Nifty holding on to its early gains, only caution is 02.30 factor.
  • 01.07 pm. Trading Above 3634 Nifty is having Advance/Decline maintained at 47/3. The top gainers are STER, M&M, HDFC, UNITECH & TATASTEEL while losers are  ABB, BPCL & CIPLA.
  • 12.14 pm. Nifty at 3614 with Advance/Decline at 47/3. If Nifty holds on above 3615 at close it will be milestone. The crucial phases are at 12.30 pm and 02.30 pm. when profit booking can take place.
  • 11.36 am. Nifty is holding on to its morning gains and is trading at 3600+. Advance/Decline remaining firm at 46/4.
  • 10.06 am. The high point touched so far is 3622 and at present its trading at 3610+.
  • 10.03 am. HDFC, SIEMENS, ICICIBANK, TATASTEEL, TCS are front runners while lagers are ABB, BPCL & HINDUNILVR.
  • 10.02 am. Nifty has opened on a positive note with Advance/Decline at 47/3.

Pre Market Analysis 09.00 am.
  • Global cues are positive.
  • Crude oil has strengthened while Dollar has weakened a good point for Indian IT sector.
  • On any day now a rally of 200-300  points is expected.
  • Expected High/Low 3660/3390.
  • Buy on all dips of more than 120 points, but wait for profit booking.
  • Nifty to be very volatile.


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