execute the order to respective levels only...wait till those spot levels comes..........exit at stoploss..........book ur profit near tgt ,, do not w8 for exact tgt to come(raman)
BUY Suzlon Energy Stop Loss 53 Target 68
BUY IFCI Stop Loss 18 Target 28
BUY GVK Power & Infrastructure Stop Loss 17 Target 29
BUY GMR Infrastructure Stop Loss 68 Target 85
Nothing much fascinating this year for the Indian Stock Markets. In the third week of the year market saw a night mare. Except that we saw many stocks reaching their lifetime high in Jan first and second week. Third week onwards investors started loosing their money as there we two consecutive lower circuits on 21 and 22 on Indian Markets.
Since the peek of some 21K markets fell at 7800 odd and now are at 9K levels. It lost its shine as it looses 60% in not even a year.
Dalal Street turned into Halal Street.
I doubt if any one booked their full profits.
This year we saw both the phases of the stock markets – Bull Market (for 15 days odd) and rest of the year bear phase.
Just don’t forget – “Every thing which has gone up has to come down again”
Best of 2008
Worst of 2008
Many stocks making their life time highs.
Stocks seen making their 52 Week Lows.
Sensex also reached at a crucial level of 21K mark.
Sensex and Nifty have now touched their Oct 2005 lows.
N. Deal was passed.
Fight among govt. for N.Deal. BJP was against and Congress was for it.
Ranbaxy deal
Satyam and Maytas deal called off.
Tata JLR deal
Slump in GDP numbers from 9.1 to 6.5
SunPharma Deal
Inflation peeked at 12% odd.
Inflation started cooling since Nov.
Crude touched all time high of 147.27 $ a barrel.
Crude is now at 4 years low
Worst IIP data were seen.
Few co. posted good results despite of recession in world economy.
Terror attack on Mumbai.
Brack Obama became USA’s youngest President.
Terror attack on various other cities too in India.
There are many more things, but these are the once which I think are of immense importance.
Sectors which Outperformed.
I can say none of them all are in red.
The worst hit sectors.
Reality / Infrastructure.
Metals.
Auto.
Airline.
Stocks which declared good dividend.
Disa India declared 2000% dividend on a face value of Rs. 10
Colgate Palmolive declared 900% on a face value of Re. 1
NIFTY FUTURE
BELOW 2948 TARGET 2903-2887-2840
Buy LUPIN above 616 SL 605 Target 628-635
Buy EDUCOMP above 2444 SL 2397 Target 2499-2535
Buy RENUKA above 74 SL 70 Target 77-83 (MED. RISK CALL)
Sell AMBUJACEM below 70 SL 72 Target 68-66
Sell BANKINDIA below 286 SL 293 Target 281-277
Sell PFC below 131 SL 136 Target 127-125
Sell PNB below 520 SL 528 Target 510-504
Wish you a Very Happy & Profitable New Year
Nifty - 2959.15 (-20.35)
Sensex - 9647.30 (-68.85)
Short Term Turning Dates (+/- 1 Day)* -
(* Effect can start few hours to 1 day earlier)
Dec 29th (** Downward Jerk Later in day which may extend to Tuesday - Signal Strength Medium **)
Dec 31st (** Volatile Movement, likely to be higher initially - Signal Strength Medium **)
Jan 02nd (** 2 way Movement, 2nd part may show recovery - Signal Strength Medium **)
Technical Outlook (01st January 2009)
As already mentioned yesterday "Nifty has given bullish breakout after achieving the target of 2980 & clearing the hurdle of 2930 & it is all set to cross 3060-3125 in coming sessions. On the bearish side, any close below 2895 may negate the bullish targets for a while " It was a day of consolidation after 2 days of rise in which Nifty had moved up by nearly 190 points. Nifty opened on a flat note & struggled to cross over the resistance of 3002 throughout the day but fell on selling pressure after 1:30pm despite being the last day of the month as well as the year. Nifty closed at 2959, down by about 20 points below the previous close thus giving a downward bar reversal in daily charts suggesting a low which would be lower than today's low.
As far as, EST charts are concerned, Nifty is placed between support of 2900 & resistance of 3005 breakout on either side is capable of giving a move of nearly 100 points & more in coming sessions. While the bullish targets are also maintained but many stocks are slightly overbought in hourly charts which can initiate further decline to 2900. On the bullish side, many sugar, IT, IT education, pharma & media stocks have given fresh bullish breakout in EST charts which may lift the indices after anticipated decline.
Sector wise, select stocks like ENIL, Geetanjali, Indiabulls, Sintex, GE Shipping, Rel. Capital, HDFC Bank, HPCL, BPCL attracted profit booking at higher levels & closed in negative territory whereas stocks like HFCL, Bata, Bajaj Hind., Satyam, NDTV,Ranbaxy, Polaris Software, NIIT Ltd. were in limelight on positive sight & closed in positive zones in a market which lost nearly 22 points during the day. As far as A/D data is concerned it was in favor of bulls despite the fact that Nifty had closed in negative territory in the ratio of 7.5:4.5 with 463 declines & 737 advances during the day.
In nutshell, Nifty is placed at crossroads with 3005 as immediate resistance & support at 2900 & 2835. The direction of the market will depend upon the breakout, Nifty may give, which will decide the immediate direction. The best strategy should be to concentrate on midcap stocks of sugar & IT industry & avoid the stocks which are trading below the immediate support levels.
Astrological Outlook for the Week (29th December 2008 - 02nd January 2009)
Indian Stock Market - Very Volatile Week with Sharp swings till 01st Jan.
Current Planetary Position - Astrologically, in Transit, both Sun and Mars are placed in Sagittarius along with Pluto. Neecha (Debilitated) Jupiter continues to be stationed in Capricorn along with Rahu, Neptune, Mercury (entered on 28th) and Moon. Venus would move to Aquarius on 29th where Uranus is already positioned. Saturn is stationed in Leo. Ketu is placed in Cancer. Moon will Transit through Capricorn, Aquarius and Pisces during this week. Important to note that Mercury entered Capricorn on 28th December and Venus entered Aquarius on 29th December and Saturn will get retrograde on 31st December 2008.
Coming to few aspects in transit and with Natal Charts of NSE & BSE - In Transit Mars will conjunct Pluto on 29th December which can cause sudden fall and rise later. Mercury will conjunct Jupiter on 31st December which is very bullish and capable of making a rise of more than 2%. Saturn will turn retrograde on 31st December which will cause volatility in terms of fall first and sudden up move later. Transit Venus will have sextile aspect with Pluto on 05th January 2009 which can cause fall of 2% or more after 05th.
Moon's transit through Capricorn and Aquarius will cause lot of volatility and Moon's entry to Pisces is generally bearish. But Moon's effect are not to be seen in isolation but in totality with Bullish and Bearish aspects of other planets.
Expected Weekly Movement -In totality, keeping all the planetary configuration, bullish and bearish aspects in mind, it appears, that Market may give a Downward Jerk on Monday till early Tuesday but expected to bounce back soon and 31st December may be very volatile but mildly bullish. Sentiments may remain bullish till 02nd January.
Strict Caution is advised to all Traders and Investors that period from 29th December to 09th January which does not look unfavorable for World Financial Markets. Both Investors and Traders must stay Liquid and avoid trading in a big way which could result in losses. A Good Rally in Stock Market is possible after 09th January.
Despite volatility, Crude Oil likely to rise in January after initial decline. But Gold and Silver are expected to Decline in coming weeks. Indian Rupee will also be under pressure against US Dollar.
Astrologically there are "3 Turning Dates this week - All Medium". Most of the Indices like Nifty/ Nifty Future/Bank Nifty/Nifty MidCap/ CNXIT likely to give good downward Jerk on 29th, Volatile on 31st (Rise and fall) and rise on 02nd January .It must be kept in mind that lot of volatility is expected so trading/ investing in big way may be avoided.
Trading Strategy - Keeping in mind the different Astrological Turning Dates during the week, For conservative Traders "Selective Short Selling on Monday (29th) to Book Profit on Monday or early Tuesday. Select Buying on Tuesday (30th) to Book Profit on Wednesday (31st) and again select buying on Thursday (01st) to Book profit on Friday (02nd January) likely to give good returns during the week as far as Nifty Futures, Nifty, Nifty-Madcap and Sensex are concerned. (IMPORTANT- - As already stated many time, Astrological Effects can start few hours to 1 Day earlier then expected so take anticipated market movement as a Guidance only not for over-trading or building large positions on sides of expected trends).
Important Dates
29th December (+/- 1 Day)**
31st December (+/- 1 Day)**
02nd January (+/- 1 Day)**
Crude Oil / Gold / Silver/ Copper
As already mentioned that Crude Oil is preparing for Multi-week Rally which can take it to US$65 - US$85 in coming months. On down side, it has strong support @US$36-US$40. Oil is likely to rise after 25th December till 01st Week of January 2009. Gold, is heading for decline in next 3 weeks despite volatility and initial rise till 01st Week of January. Silver is also showing weakness between 01st January to 14th January. Long positions may be avoided after 01st January for next 2-3 weeks.
US Dollar/ Indian Rupee ( USDINR)
Astrologically, Indian Rupee is expected to remain WEAK against US Dollar for next few days before bouncing back.
US Markets
Astrologically, US Markets may be slightly positive in next week but sharp swings are likely to shake the market on down side till 07th/ 08th January 2009.
Technical Stock Recommendations (Short Term)
RNRL(57.25)
Stock is making a bullish "Ascending Triangle" pattern having resistance at 60 & bullish breakout may target 68-70 in next few days. Fresh buying may be considered once the stock moves above 60 with volumes using SL of Rs.2/- & target of 68-70 which may be achieved soon.
GVK PIL(22.20)
Stock has given breakout from a bullish "Inverted Head & Shoulder" pattern having resistance at 21.75 & target of 24.5-25 which is likely to be achieved in next few days. Fresh buying may be considered on declines till 21.75 using SL of Rs.1.5/- & target of 24.5-25 which may be achieved soon.
MRPL(41.40)
Stock is on verge of giving breakout from a bullish "Inverted Head & Shoulder" pattern having resistance at 41.50 & target of 45-46 which is likely to be achieved in next few days. Fresh buying may be considered once the stock moves/stays above 41.50 using SL of Rs.2/- & target of 45-46 which may be achieved soon.
HPCL(272.65)
Stock has been moving in a bearish pattern for last 10 trading sessions having support at 270, breakout from where may wipe off Rs.20-25/- in coming days. Part profit booking/short selling may be considered once the stock moves below 270 using SL of Rs.6/- & target of 245-250 which may be achieved soon.
Indiabulls Sec.(132.25)
Stock was recommended for selling around 143 for target of 131-132 which is already achieved but stocks favor further decline in coming days to the level of 122-121 which is likely to be achieved in next few days. Part profit booking/short selling may be considered once the stock moves below 131.5 using SL of Rs.3/- & target of 122-121.
Nifty :: Made double top at our first strong resistance.. As far as stay above 2900 short term momentum seems up.. Now for 1st Jan watch two strong resistance at higher level 2982/3000.. Momentum turns up only above 3000 And strong after close above 3080.. Watch two level in coming days 2900 & 3000 for down or up break out..Till then our strategy for 1st Jan Buy on deep (S.L 2900) sell at high (S.L 3002).. Resistance for up move at 2982/3000/3020/3044/3080.. Supports 2925/2900/2850/2812...
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