“The ticker is always right”. Index Outlook : - By Mr. Nandkishor Patil Expect More & Aggressive stock specific actions rather than Index in Next week,, wait for set up or sustain the Market at current levels Nifty may trade in range for next week 6130- 6257 , Our clients take/hold positions as i suggested & they work on the strategy which i set up for my clients With the help of our Market research results ,You can built very efficacious business strategy . Summery from 1 oct 2013 As i metoned before in my 1/10/2013 blog Some Domestic & Global sentiments , Events , Economic data (domestic + global ) are ready to came in path of Market in next 15 days & ALL are passed away with our expectations some positive outlook by market on good trade deficit Numbers, US Debit ceiling,also hopes that the Quantitative Easing in the US will continue For next 4-5 months & market Discount some negative cues also IIP Numbers ,bad WPI & CPI Numbers also on expectations of Next RBI Monitory policy & the strengthen rupee sentiments which may increase chances of easing in liquidity measures In my last blog (Ahead of Q2 Earnings on 10/10/2013): & in my 1/10/2013 blog also ( Much Volatility Ahead -Stay conscious) - and all of u Witness of that . I mentioned there 5722 is silver line for bulls & also suggest continue to buy on declines as long as the index trades above 5722.& the result of our clients gaining more than 450 points on nifty .we achieved almost all short term targets on nifty first one 5930 & second one 6050 & third one 6130 & last one near to tgt 5257 on spot nifty .) Now from here Nifty (6189) Market bets on future growth despite of current bad microeconomics conditions Investors need to tread cautiously as indices near long-term peak levels.The ongoing festive cheer in the country appears to have spilled over into the equity market, even as the list of concerns keeps growing longer. There is no point in fighting the market as it is known to display amazing prescience at times.The best strategy would, therefore, be to play with the trend The lower trade deficit and current account deficit gave a boost to stock prices in the early part of the week. The rupee that went from strength to strength, also helped improve sentiment. The Indian currency gained 2.5 per cent in the last two weeks. some positive outlook by market on good trade deficit Numbers, US Debit ceiling,also hopes that the Quantitative Easing in the US will continue For next 4-5 months & market Discount some negative cues also IIP Numbers ,bad WPI & CPI Numbers, low GDP Forecast, also on expectations of Next RBI Monitory policy & the strengthen rupee sentiments which may increase chances of easing in liquidity measures , Buying interest intensified on hopes that the Quantitative Easing in the US will continue For next 4-5 months . Meanwhile, the rupee hit 2-month high in intraday trade on the back of dollar inflows . It touched highest level since August our short term tgt on dollar 60.80 almost completed dollar make intraday yesterday 60.88 ,as per my point of view we saw last day sessions market breakout with large volume & actually enter now in bull market , Select some sectors & blue chips for trades in next week which have outstanding Q2 earnings avoid penny stocks at this sensitive levels Nifty may trade in range for next week 6130- 6257 The Nifty rallied above the short-term resistance at 6130 and went on to record the intra-week peak at 6200. Now that the index has moved close to its lifetime peak at 6,257, traders need to watch their step.Subsequent targets are 6257 and 6330.on higher side The medium-term trend in the index is expected to be more apparent after observing next week’s trading. A sustainability above 6,130 will give way to the next target at 6257 & 6330. On the other hand, a decline below 6130 will drag the index lower to 6050 or lower 5930 . The medium-term trend in the index is not yet apparent only cleared after RBI Monitory policy The zone between 6130 and 6257 provides strong resistance for the index. we saw time to time in last some yrs But if Nifty cross this levels then market may shows New high by the end of this year. CUSTOMER CARE SUPPORT- (02164)-241073 09503709911, 07756846636,09373820572,09373820573,09373820575 Hurry up..!! Connect with Us...300 & 400 & 600 points in Nifty future commitment pack...&.... Stock future services ...with more than 90% success ratio...contact for activation ....Limited clients only..... For more details call us... NP Investments-Its a Relationship beyond Technicals Mr.Nandkishor Patil Technical Analyst NP Investments-Its A relationship Beyond Technical s NP Investments provides 90% to 95% accurate information about Indian Stock Market, Stock Future, Nifty, Nifty Future
Posted on: Sat, 19 Oct 2013 06:02:01 +0000
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