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Market Outlook - Short Term
Tracked by: 78 Boarders
Amongst the midcaps I would bet on
HCC
Rolta
NELCO
The large cap list of yours look fine, but these are all tarding bets for the time being....
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by :
hindlevernet
Hi,
NSG waiver has added fuel to the fire. You will see
Nifty hitting 4600 very shortly. Oil and Gas, Poewr,
Energy, capital goods, metals sectors will shoot up
like a rocket powered by nuclear fuel. Stocks to watch:
RELIANCE
ONGC
BPCL
BHEL
LARSEN
RELIANCE PETRO
SUZLON ENERGY
NTPC
JP HYDRO
JP ASSOCIATES
RNRL
GAIL
Thanks
SURESH MITTAL 
Tracked by: 78 Boarders
Hello HLN,
Yes I agree with you that this waiver is really a landmark agreement for India and it will go a long way in solving India\\`s energy needs.
If you will remember, last week on tuesday when we rallied about 550 points on the sensex, that same night I had made a post here on this board wherein I had mentioned that 4650 was coming up on the cards. Thats what my charts were showing then, however, global cues did not fall in line making us sink for the rest of the two days on thursday and friday. Hence,even the immediate charts failed then. However, now the charts will be proved right when we open above 4400 on monday and massive short covering by the bears will take the nifty even higher, maximum to 4500 on monday where the nifty will meet upper trendline resistance. Now seeing us go so high in green, dow will also see short covering on monday followed by europe too. That will provide us with further impetus taking us upto 4625 to 4650 again. Now here, we will meet massive resistance as a triple top will be formed here on the charts. This will be the ideal time to go short and pick up cheap putts with strict stop loss of 4700. Because the emotional aftermath of the NSG outcome may make the nifty break this resistance thus making it further bullish. Remember as per last week, the 100 WMA was at 4570 and moves above this can make the nifty very bullish.
I noticed the names of the stocks which you have mentioned which will outperform,but you have sadly missed out on reliance capital. This stock is showing much resilience as per my charts as it is trading much above its 50 % retracement levels of this immediate rally. Hence, just keep an eye on this one too as it will surely reach 1475 within two or three days.For reliance capital to be available at half its present price at 700 is too far away now and something really drastic in world markets need to happen for it to be available at such dirt cheap prices. However, I am still not putting in my money for long term investments. I know I will get an opportunity this year to get them at rock bottom prices.
lovemeall26...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : hindlevernet
Hi,
I cannot help posting my detailed views about NSG waiver
given this afternoon.
It is a LANDMARK victory for Indian Foregin Policy. Such
moments come once in a generation. This waiver should be
treated as a stamp of approval of INDIA RISING. Nothing
can stop India from taking its rightful place in the world.
Our share in world GDP remained 20-25% for most of the history.
But with the arrival of British in 18th century, it kept on
falling decade after decade. In 1914 it plunged down to just 1%
It is again rising now. With this landmark deal, it is all set
to go further.
More in next message.
Tracked by: 0 Boarder
Investment World - Technical Analysis
Markets - Outlook
Index Outlook
Sensex (14483)
Sentiment on Indian bourses seesawed between hope and despair last week. The strong mid-week surge caused by crude oil’s decline below $110 was thwarted by the global wave of selling in equities that seeped into the Indian stock markets, pulling the Sensex lower to a flat weekly close.
This vicious sell-off has given a sharp setback to the nascent recovery that commenced from the July trough in the global equity markets. Indian investors can however derive comfort from the fact that the Sensex is among the select few indices that remain on their feet. Volumes were subdued in Indian markets. FIIs remained on the back-foot for most part though they pumped in close to Rs 1300 crore on Wednesday.
Sensex could not build on the momentum generated in Wednesday’s session and slid lower to a tame close. The small-bodied candlestick with a long upper shadow in the weekly candlestick chart of the Sensex denotes that the bulls ceded control to the bears towards the end of last week. However, if we consider the movement over the last three weeks, Sensex is moving in a range between 14,000 and 15,000. In other words, the short-term trend is currently sideways and investors should brace themselves for violent swings in either direction in the near-term.
To recapitulate our intermediate term view for the Sensex, the index has completed a three-wave move down from the January peak at 21,206 to the July trough at 12,514. The rally from this trough to the peak at 15579 has retraced 35 per cent of the prior down-move. If this is rally is a corrective up-move, it can take the index to anywhere between 15100 and 18000. The extent of the current decline will determine the shape this corrective move can take:
a) If the short-term decline from the 15579 peak halts above 14,000 it will leave open the room for a rally to 15,900 or 17,074.
b) A decline below 13700 will signal an impending move to 12,500 again. The index can then be expected to stay in the range between 12,500 and 15,500 for a few more months.
c) The outlook will turn overtly negative only on a decline below 12500. But long-term investors should go on a buying spree if that happens.
For the week ahead, Sensex can decline to 14,131 or 14,000. A reversal is possible from the 14,000-support. If this level is breached, subsequent target would be at 13529. A strong start due to a positive outcome to the NSG meet can cause a rally to 15,120 or 15,542 again. Investors can utilise declines to add to their long-term holdings, while traders need to wait for the market to start trending again before jumping into the ring.
Nifty (4352)
Nifty reversed lower from an intra-week peak at 4522. Immediate supports for the index are the 50-day moving average at 4267 and the recent trough at 4200. A reversal from these levels can pull the index towards 4500 again. Downward target below 4200 for the short-term would be 4075.
If the week starts on a buoyant note, the Nifty will move higher to 4526 or 4650.
We retain a positive medium-term view for the index as long as it holds above 4100. A reversal above this level can commence yet another leg of the correction that can take the index higher to 4732.
...
Tracked by: 78 Boarders
Hi investors,
My intelligence sources inform me that
Nifty is sure to cross 4500 on Monday after huge
GAP UP OPENING.
...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by :
Nish
Ohh .. forgot to add punj lloyd to the list.
Tracked by: 78 Boarders
Dear Nish,
Metal stocks will rise along with the market.
But sectors really on fire will be Power, Energy
and Capital Goods. Buy Suzlong, L & T, BHEL for
very short term. I am very bearish in medium term.
Once Nifty crosses 4600 in near future, it may
start cracking badly. All long positions must be
squared up then.
If anybody wants to discuss his long/short positions
he is free to chat with me on yahoo messenger. My ID:
mittalsecurities
Good Luck...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : Nish
Hi Suresh,
Do you think metals are a good buy right now, they have been hammered badly but a further correction in bullion markets is inevitable ?
The rally in the coming days should be primarily led by energy and infrastructure which should see a buildup.
Financials may see short covering.
I am very bullish on BHEL, SUZLON, JP ASSOC, NTPC and L&T.
Tracked by: 0 Boarder
Arvind Sanger, Managing Partner, Geosphere Capital, said that the euphoria from the NSG waiver would be short-lived. He added that what matters most for Indian markets are economic growth earnings, which are decelerating. There could be longer-term implications for certain sectors, he said....
Is this a victory as the Cong says or a surrender as the Left says? What do you think?
Posted by : prasadrnTracked by: 0 Boarder
This is definitely a positive that India is now able to chalk out an ambitious energy addition program for development. The benefit of which, I believe, will perculate to the rural areas as well. I only hope that the economic actvity in the rural areas will get a boost with the availability of electricity. The other incremental benefits like technology for space and defence will do more good to India than harm. Many urban middle class voters like me do support this deal. I hope the opposing political parties will see reason and not shoot at their own feet....
In reply to:
Is this a victory as the Cong says or a surrender as the Left says? What do you think?
Posted by : MMB Messenger
Dear Boarders,Do let us know your views and opinions on the poll.-MMB Messenger
Tracked by: 78 Boarders
Sorry for the 'bullion' part .. i meant metal space....
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : Nish
Hi Suresh,
Do you think metals are a good buy right now, they have been hammered badly but a further correction in bullion markets is inevitable ?
The rally in the coming days should be primarily led by energy and infrastructure which should see a buildup.
Financials may see short covering.
I am very bullish on BHEL, SUZLON, JP ASSOC, NTPC and L&T.
Tracked by: 78 Boarders
Ohh .. forgot to add punj lloyd to the list. ...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : Nish
Hi Suresh,
Do you think metals are a good buy right now, they have been hammered badly but a further correction in bullion markets is inevitable ?
The rally in the coming days should be primarily led by energy and infrastructure which should see a buildup.
Financials may see short covering.
I am very bullish on BHEL, SUZLON, JP ASSOC, NTPC and L&T.
Tracked by: 78 Boarders
Hi Suresh,
Do you think metals are a good buy right now, they have been hammered badly but a further correction in bullion markets is inevitable ?
The rally in the coming days should be primarily led by energy and infrastructure which should see a buildup.
Financials may see short covering.
I am very bullish on BHEL, SUZLON, JP ASSOC, NTPC and L&T....
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : hindlevernet
Hi,
NSG waiver has added fuel to the fire. You will see
Nifty hitting 4600 very shortly. Oil and Gas, Poewr,
Energy, capital goods, metals sectors will shoot up
like a rocket powered by nuclear fuel. Stocks to watch:
RELIANCE
ONGC
BPCL
BHEL
LARSEN
RELIANCE PETRO
SUZLON ENERGY
NTPC
JP HYDRO
JP ASSOCIATES
RNRL
GAIL
Thanks
SURESH MITTAL
Tracked by: 78 Boarders
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In reply to:
WILL NIFTY HIT 3600
Posted by :
jonas
Nightowl,
We may see a minor fall on mon/tues on GUSTAV fears to shed some gains of friday n US is closed on monday so no clues for tuesday.
Once gustav hurricane fears subside oil may tank below $ 110, anytime in the next 2 weeks.
Nifty has gained @ 15% in the past 1.5 months.
I am not an expert but i feel nifty will gain @ 15% in the first half of sep n then shed @ 10% in the later half but overall it will gain by +5 % by sep end n close @ 4500.
I will go long nifty now n short after it reaches 4800/5000 levels.
I will stick to my GUT feelings.
Tracked by: 78 Boarders
Hi gsb,
It is nice to note that you agree with me
that Nifty may cross 4600 within next few
trading sessions. But I have my strong doubt
that it will be able to sustain above this
level of resistance. If nifty falls below
4320 and sustains below it, then it may go
down to the lowest level of the year. Let us
watch....
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : gsb
I fully agree with Mr.Suresh Mittal view and it is sure to hit 4600 now........
Is this a victory as the Cong says or a surrender as the Left says? What do you think?
Posted by : snvaishTracked by: 0 Boarder
I have my feelings that left is totally anti national to India. It has worked totally on the direction of china which is already and old enemy country of India. From the News of today on Aajtak, it has been again clear that China can not be faithful to India. Hence I badly hate all comunits / lefts, regarding BJP, there statement is also not reliable, because it is the habit of all opposition parties that they always crticizes Govt Act, they are opposing for the sake of opposition only ...
In reply to:
Is this a victory as the Cong says or a surrender as the Left says? What do you think?
Posted by : sanjeev3430
Left just thorn in the indian politics. I hope congress or bjp come with complete majority and indian economy higher
Tracked by: 78 Boarders
I fully agree with Mr.Suresh Mittal view and it is sure to hit 4600 now...........
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : hindlevernet
Hi,
NSG waiver has added fuel to the fire. You will see
Nifty hitting 4600 very shortly. Oil and Gas, Poewr,
Energy, capital goods, metals sectors will shoot up
like a rocket powered by nuclear fuel. Stocks to watch:
RELIANCE
ONGC
BPCL
BHEL
LARSEN
RELIANCE PETRO
SUZLON ENERGY
NTPC
JP HYDRO
JP ASSOCIATES
RNRL
GAIL
Thanks
SURESH MITTAL
Tracked by: 78 Boarders
Hi,
NSG waiver has added fuel to the fire. You will see
Nifty hitting 4600 very shortly. Oil and Gas, Poewr,
Energy, capital goods, metals sectors will shoot up
like a rocket powered by nuclear fuel. Stocks to watch:
RELIANCE
ONGC
BPCL
BHEL
LARSEN
RELIANCE PETRO
SUZLON ENERGY
NTPC
JP HYDRO
JP ASSOCIATES
RNRL
GAIL
Thanks
SURESH MITTAL ...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : fmcgbites
Larsen 3500, Bhel 2500
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