Nifty has formed complete bearish H&S pattern and if neckline around 4200 is breached (two closes below 4159 for confirmation), bottoms of 3800 can be retested in short-medium term. However when everybody is talking of H&S pattern on Nifty, markets are known to give surprises when least expected. Weekly support 4159-4000, Weekly resistance 4435.
Commentary by Matthew Lynn Dot-coms? Done that. Property? Oil? Corn? Been there, got the T-shirt and nursed the losses, as well. One thing we know for sure about today’s global economy is that there is always an investment bubble somewhere. If you get in early enough, you can make a fortune riding the boom. So… Read More »
GYoY, the GDP growth for the month of July ‘08 dipped from 8.3% to 7.1% but the market celebrated this news with a spurt of gain and started recouping the losses it had posted in the morning session. Why did the glass look half full for the markets? Firstly, the IIP growth figure was expected… Read More »
NIfty today took support at 4380 twice as it was evident that smart players are buying at lower levels.But cause of concern is that FII are still selling.Today they sold equities worth 1080 Cores DII were buyes of 500 cores. Inflation will come lower as compared to previous week around12-12.20% Crude declining 102.51 as i… Read More »
We have analysed the whole restructuring of Sterlite Group announced by Vedanta Resources, the principal promoter of the group, yesterday and today we try to take a valuation call mainly on Madras Aluminium (MALCO) and Sterlite India Ltd. (SIIL) post-restructuring. There has been only re-allocation of various projects between MALCO and SIIL and only one… Read More »
All calls Hit tgt again ORG was up by 20% Voila buy 4300 put & 4500/4600 calls Follow hedging if one trade in option Buying adviced in Nagar Construction once crossed 135 ONGC looks a good buy for trade if it breaks 1110 BHEL around 1732 and next at 1,749 level for a tgt of… Read More »
All calls Hit the tgts ORG INformatics can hit One more UC Buy Glenmark INfra if it crosses 679.50 Buy Reliance around once it crosses 2140 BUY some 4400 Puts BHel and LT be a buyer at dips keep a SL of 2% and keep trailing SL
History has been made and India has got an entry into the nuclear club. So how does this benefit India Inc? That’s the biggest question playing in the minds of all and the market has infact even started celebrating, as though the deal has opened up an “Alibaba’s cave”! ü First and foremost, to allow… Read More »
Nuclear Deal Done Good for India Hard Fought Battle won after 33 years. But we should not get over excited.Market is showing good resilience on account of this news in the previous week.We should except gradual change in India’s Economic outlook with the progress of Nuclear Deal. Outlook for Coming week Nifty will open gap… Read More »