MY VIEW

Today market closed in red.Technically in nifty chart higher bottoms and lower tops are formed.To my understanding ,I feel symmetrical triangle pattern may be formed in the chart in near future.

In symmetrical triangle there will be no clue about direction on which side breakout will take place.If my assumtion is correct, I feel the direction will be downside.Because the macro economic indicator are not good and as advance taxes decline ,corporate earnings will not be good.Even though inflation plunges and banks are cutting rates, unless global economy recovers, our trade cycle will be restrained from up move.Tommorows trading I feel traders participation will be less as new year I except a sideways trading.

Crucial support is 2524 and resistant is 3148.

A FRIENDLY TALK

"MY HAPPY PROFITABLE NEW YEAR WISHES"

I hope tommorow will be very busy day for all us.I usually visit "LORD RAGAVENDARER TEMPLE" which is in Bhuvanagiri near chidambaram, birth place of "LORD RAGAVENDRA ".Every year I go there to beg thy blessings which I feel like energy for survival.Let us enjoy new year and meet next year.

Thanks for visiting!

MY VIEW

Today too I expected market to trade in red but it ended in green.Unless it closes above 3148 there will no strong up move.If it happens I will join the rally.Tommarow trading Iam not confident to buy,so I keep watching for the 3148 level for enter intraday or for positional trade.

I am searching for low priced momentum stocks for positional trading.When the rally starts I share those stocks with you.

MY VIEW ABOUT SHIPPING

As commodities prices declilnes shipping sector also declines.In recent past as commodities prices started to meltdown the pressure is felt in the shipping sector and there is no clear picture of direction of the market.If markets recover with good strenth there are some good scrips which can be invested.

As U.S is the main export destination for most developed countries, the crisis in U.S felt throughout the world.To my understanding unless U.S recovers from depression exports cos bottomline will not increase.Same to shiping sector.

Thanks for visiting!

MY MARKET VIEW
To day I expected market to trade in red but global cues restraint market from down trend.But still I feel unless markets close above 3148 levels we will not see any up move further.For tomorrow trading I feel market will not move up.
Today I bought ''goldbees'' for delivery.Technically, in chart I feel there is a breakout which will touch 1368 in shorterm.I bought it at 1319 and it closed at 1329.As equity goes down asset classes will move up only in this logic I bought.
RPL is trading good but as I feel markets will face some selling pressure Iam not intrested in buying it for delivery now.I feel we can get it even in low price.
MY VIEW ABOUT TELECOM SECTOR.
Nowadays all companys keep an eye on cost cutting.They choose mobiles for advertising thier products,which will be good for telecom sector.Now Iam trying to pick good momentum stocks for speculatoin and delivery based trading.If I find any, I share with you.
I feel only after election we will see bottom formatoin in charts.
thank you!

MY VIEW,
good morning,
Last week market ended below 3000 levels.I learned that come week there is stimulus package,rate cut which are positive for market.But advance taxes decline,holidays,corporate results seasons which is expected to be poor,day-by-day worsening global economy are negative for the market.I feel market will be restrained from up move.2524 will be crucial support and 3148 will be resistant.To my understanding untill market closes above 3148 then there will no up any further.And I feel this week will see some selling pressure and 2524 will be cruscial support to watch.
MY VEIW ABOUT MARICO
To my understanding ,technically the chart of marico industries shows some accumulation taking place.Its 52 week low is 41 and trading around 50-53. FMCG sector is attractive for investment when the bull trend starts I feel this company will have good buying.But one thing bothers me its major income is from egypt which pays in sterlling and the currency is weaking so I feel we can get this stock at even lower level.But I wont invest at this time.
Just Iwant to share my view about marico with you.
THANK YOU!

MY VIEW

happy chrismas!

nifty is trading weak this week.As us &uk gdp data are weak ,and second big economy japan economy is detoriating global markets are trading in red and the pressure is felt in our market.

today there was bomb blast in israel and I feel this will have impact in global market.I feel friday nifty will trade in red despite inflation number.

nifty has crucial support at 2524 and resistant at 3148.