YESTERDAY'S PERFORMANCE

NIFTY LEVEL
Today nifty crossed sup level of 2846 and closed above this.I didn't expected it, I was wrong.

MY VIEW

POST SESSION
Today market moved up.The reason I feel is that, the news that promoters are increasing their stake through secondary market.Nifty closed above 2846 level

TOMORROW VIEW

NIFTY LEVEL
Thursday is expiry day for nifty.Inflation to come.I feel inflation will low.
As nifty closed above 2846 level there may be mean chances for up move.Still Iam not confident in up move as FII's are sellers and election is ahead.Lets see how market behaves tomorrow.

Res 2920,3112
Sup 2750,2720

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YESTERDAY’S PREFOMENCE

NIFTY

It crossed first resistant. I didn’t expected it I was wrong.

SBIN

It too ended in positive I didn’t expected it I was wrong.

MY VIEW

POST SESSION

Today market expected rate cut but that not happened. Despite this nifty ended in positive. I didn’t expected the up move.

TOMORROW VIEW

NIFTY LEVEL

Thursday is expiry day for nifty. I am still not confident about up move.

Res 2846

Sup 2750,2720

NIFTY BEES

Nifty bees are an index based mutual fund, which is listed in secondary market. It is 1/10 of spot nifty. Nifty consist of 50 companies which has higher market cap.

Instead of investing in particular scrip, investing in index fund is safe. Why? because, now, prevailing economic and corporate scenario is not good ,if we invest in a front line scrip, and unexpectedly any bad news, that affects fundamental of the company, comes out, first that scrip’s will go down and nifty too will come down only to that extent to which that scrip holds weight age in nifty. If we invest in nifty bees, may be for that particular day nifty may show some downtrend but rest of the scrip’s weight age will shoulder nifty. So our money invested will not be entirely eroded if we invest in nifty bees.

I feel, now in this market condition, if one wants to invest for long term, can invest in nifty bees part by part, when nifty breaks major support 2524 till it touches 2220 levels. In stock market there is one saying that we should not put all eggs in one basket. Funds should be diverted to various sectors.

A FRIENDLY TALK

On the other day I told that I had invested in goldbees at 1320. Today I booked profit at 1386 levels. In international markets they had given a resistant of 930$ and in our mcx it was14200. Today it was trading around 906$ and 14170 levels in the respective markets. I felt that this is the good time to exit. But this year gold will bullish. If one has idea of holding for a year you can buy at every dip.

To me as a trader I am interested in positional trading. Positional trading means buying a stock for delivery and hold it for an appreciation of 30, 40 rupees and book profit. In this type of trading risk lies in choosing the stocks that will appreciate in future. Technically I spotted a breakout in the chart, so I choose gold to take delivery. Now my eyes are on the nifty bees. And surly I share with you when I start to take position.

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MY OPINION

Come Tuesday RBI is to announce credit policy. Will be any rate cut or will leave unchanged?

To my understanding inflation, growth and money supply will be key concern for interest rate determination. When inflation was peak at 14%, RBI started cutting rate. Now inflation is on south ward move. But last week it turned upside and it was only due to trucks strike and beyond this I could not see any factors which would raise inflation. So I feel this week inflation will come down.

And RBI will to some extent only use the monetary options to tackle inflation. For economy growth also needs monetary actions. In that point of view, growth is slowing down; to revive it we need credit growth, which will be increased by rate cut.

As for as money supply concern, they are in a position to increase money supply only, and not curb it. Again needs rate cuts.

By and large I feel RBI will leave rates unchanged.

MY VIEW

NIFTY LEVEL

Tomorrow, credit policy will give direction. I prefer selling at higher levels.

Res 2714, 2846

Sup 2635, 2524

TOMORROW TIPS

SBIN

SBIN posted good result. But technically to my knowledge in chart I think ascending triangle pattern is forming and breakout will be downside. And tomorrow RBI is to announce credit policy, whatever may be announcement, according to chart I feel we should sell at every rise. It may touch 926,754 levels in short term.resistant at 1134.

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A FRIENDLY TALK

Our prime minister's surgery had been completed successfully with god's blessings.We are blessed to have a scholar as out prime minister.Let us pray for his quick recovery.
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“BEST IN WORST”

“For me, businesses are like buses. You stand on a corner and you don’t like where
the first bus is going? Wait ten minutes and take another. Don’t like that one? They’ll just keep coming. There’s no end to buses or businesses.”

–SHELDON GARY ADELSON

Sheldon gary adelson is third richest person in United States. To my understanding, adelson’s strategy resembles similar to crane strategy.

Crane stands in lake like a sculpture, without any movement and watching the fishes crosses under its feet calmly. It waits patiently for a fatty fish, allowing tiny fishes to pass away. Once it finds such a fatty fish, without any mistake it hunts his prey. Crane has not only patience, but also has a clear knowledge of lakes where more number of fishes can be found.

What I understand from Sheldon gary adelson’s saying is that, for business, we need, not only patience, but also the skill to find a business from every opportunity we encounter. Business is like an art. Art needs practice. To master an art we need patience to practice. While practicing we get lot of experience. Preserving the experience develops skills. Skill leads to master an art.

Trade cycles carry plenty of opportunity with them. Only a few have the skill to find best in the worst, like warren buffet, bill gates, Sheldon gary adelson,…. Many leading internet businesses were started in period, when IT bubble burst happened. Now global economy is in recession. How many of us have ability to find best in the worst?

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YESTERDAY'S PERFORMANCE

NIFTY
As I said negative numbers outnumbers positive and technically selling would take place and that what happened.But I thought the market would touch 2524 levels today but it didn't happened.And resistant was not broken.

MY VIEW

POST SESSION
Today ,I feel, market reacted for yesterdays numbers.Spot nifty didn't touched the support level of 2656,but it had a low 2661 which is not too far from the sup level,the market breath was weak and given a downside closing, which is not good for come week.

WEEKLY VIEW
RBI credit policy and quarterly GDP data is to come next week.Technically, chart is given a downside move signal so still I prefer selling at higher levels.I feel nifty would trade around 2300 - 2800 levels in come week.

NIFTY LEVELS {27/01/09 - 30/01/09}
SUP 2524,2461,2316
RES 2846
If you have any suggestion pls take pain to drop your comments.
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YESTERDAY'S PERFORMANCE

NIFTY
I expected that SEBI's rule and results will pull the market down,but it traded flat.I gave the support level of 2656 which was achieved and bounced back.But the level 2524 was not achieved.

GOLDBEES
I told to buy this stock for hold.This stock closed below previous close.That doesn't bothers you hold for the target.

MY VIEW

POST SESSION
Today despite SEBI rule and negative inflation numbers market didn't reacted negatively.I think it is for RIL result.But in intraday it touched the support of 2656 that is not good sign for up move.

TOMORROW VIEW
RIL's results was negative , increased inflation number, reality sector valuation and stimulus package, will have their effect on tomorrow's trade.Negative news out numbers positive I feel the crucial support level 2524 will be tested tomorrow.Technically in the chart I feel selling will take place.Let's watch what happens.

TOMORROW'S TIPS

NIFTY
SUP 2656, 2524
RES 2846

If you have any suggestion pls take pain to drop your comments.
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YESTERDAY'S PERFORMANCE

NIFTY LEVELS
As I said Iam expecting a gap up opening,but I was wrong!And I said in case gap down opening buy at every dip that too went wrong!
BHARIARTL
This stock opended at 553 and low is the same.So it provided no trading opportunity.But earlier I told to have a put option at 550 levels that worked out.

MY VIEW

POST SESSION
As results were bad for some front line stocks,SEBI's meeting about promoters pledging shares took the market to close in red.I expected OBAMA's inception would boost to the market but not.

TOMORROW'S VIEW
As SEBI had imposed a rule, that promoters has to disclose their position of stake holding in their company periodically, may not be good for market.I feel market will break the crucial support of 2524.And ril results to come tomorrow.Again I prefer selling at every raise as quarterly results are not to be too promising.

NIFTY LEVELS
SUP 2656,2553, CRUCIAL SUP 2524
RES 2846

TOMORROW'S PICK

GOLDBEES
Today this stock managed to close above crucial resistant of 1338 and ended at 1343.And technically, I feel there will be a rally for 1372 and above.For short term we can buy hold for a target 1372.

If you have any suggestion pls take pain to drop comments.
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YESTERDAY'S PERFORMANCE.
Yesterday I gave UBL and BHARTIARTL tips.
UBL
This stock's open and low are same and closed at 75 level.I gave buy call, it has given 6 Rs profit.
BHARTIARTL
This stock's open,high are same and closed at 616 level.I gave sell call, it has given nearly 25 Rs profit.

MY VIEW
Post market session.
To day market reacted to global cues.And tatasteel posted a loss may be one reason.

TOMORROW VIEW.
NIFTY LEVEL.
To our time, from tonight US will be lead by new president,which is the crucial cue for tomorrow trend.For tomorrow I feel nifty would trade between 2600-2900 levels.If nifty has a gap up opening say above 2800 around 2850 it may lead to 2950-3000,then I prefer selling at higher levels and if it has gap down opening say around 2650-2700,I prefer buying at every dip for a target of 2800.What I expect is gap up opening and sell and buy.Reason for why Iam preferring selling is because this week front line stocks results are to come .And as I feel this quarter results are not going to be so strong I prefer selling.

TOMORROW TIP'S.
BHARTIARTL.
As I said, technically in chart it has selling pressure.Tomorrow too If market has a gap up opening then sell this stock at every raise.I have given a target for 550 levels.

If you have any suggestion about my view's on market then please take pain to drop your comments.
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MY VIEW
As tomorrow is a historic day and great expectation on stimulus package markets are spurring.I feel this up moves will be seen as profit booking opportunity.Crucial resistant level for nifty's up move is 3148.To my understanding only after centre election this 3148 level breakout will have meaning.

TOMORROW'S TIPS
Tomorrow UBL result.Technically in the chart I see a bottom formation is taking place.If results are to the expectation this stock would be intraday buy.And If anyone wants invest for long term then 20-30% of total can be invested if the results are good.

BHARTIARTL's result is on 22.Technically I feel there is some selling pressure in the chart.I feel this stock would correct to 530-550 levels.To my knowledge market may not move upwards continuously in prevailing situation so one use the opportunity of market falls to sell and buy this stock for intraday.
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MY VIEW,

Due to some reasons I could not upate Iam sorry!

I feel this year started with a great shock, Iam referring satyam.I think market was waiting for some negative news to go down and satyam gave it.But still I strongly believe until 3148 level is broken there will be no up move.

Jan 20 in US, new president is taking charge,so for that reason I think markets are showing up move.As he is expected to announce stimulus package in a big way markets are waiting eagerly.Remember US jobless claims and drop in retail sales are increasing and bankruptcy filing companies too.Whatever measures govt takes will yield desired results in future only, so I feel the worst is not over yet.US market and Indian market still not bottomed out.As centre election is to be held in couple of months will give us a short term view.

As I said earlier about MARICO scrip that technically it has good bottom and suggested for investment.I followed it in the past 10 days it showed good support at 50 levels.so I decided to invest in it for one of my clients. Along with marico I bought JPASSOCIAT at 66.8 for my client.I feel technically it too forms bottom but I won't assure that it will not go beyond that level.As power sector is good for investment,if it goes beyond 66 levels it good for investment.

And now I am following bhartiairtel.I feel technically it has more room to go down.When I feel it is good for investment I share with you.Iam scanning for more stocks for investment when the market reaches 2524 and below levels.

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MY VIEW

This week market showed some positive closes.Come week the corporate results will be the driving factor for the market.As I said in the past ,results will not be so good Iam not confident in buying.Still ,I belive strongly that unless market closes above 3148 levels there will be no up move.

This week I feel I had lost one good oppurtunity in marico scrip.It has ended 60 this week. I was thinking market will come down further and will even low level but things were different, ok I take part in another rally.

I hope new year will be good for everyone.I spend jan 1 happly.I went to 'LORD RAGAVENDRA" temple in bhuvanagiri worshiped with full satisfaction.

MY VIEW ABOUT MARKET CAP.

Generally I choose scrips which as good market cap because easy liquidity.In FII's point of view, if market cap to GDP ratio of a country is around 70% to80%, they enter for buying.If this ratio is below 70% it is considered as under valued and above 80% it is overvalued.And now india's market cap to GDP is 57%.Though it is undervalued ,election is ahead ,which will restrain them from buying.I feel april will be the right time for investing. .

To my understanding the quaterly results will be poor and anticipated GDP growth is low which will futher decrease the market to GDP ratio.

So I hope we may see some good market cap scrips at low value.Iam searching for those type of scrips which I without fail share with you at right time.

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