My view…FIIs trading in only 30-35 defensive stocks…what is next on next week… Stocks are: HDFC, HDFC Bank, Tata steel, LT, ONGC, Reliance, Bharati, Kotak Bank, Sun pharma, Maruti, SBI, ICICI , Wipro, Axis , Yes bank, BOB, Infy, Bajaj Auto , Hero Motorcorp, Tata motors, ITC, Dr Reddy, HLL , TCS, WIPRO, CIPLA, LUPIN, United spirit, Cairn, IDFC , Hindalco, Rel comm, Bank of Baroda, Jai prakash associate etc Last week Market bounced back from low of 5220 ( 28th august 13) to 5493 ( 30th august 13). FIIs traded 30-35 below stocks. On 30th August , Friday, following stocks from above went up (%) mentioned in bracket Bajaj auto ( 5.62) CIPLA ( 4.96) TCS (3.96) HDFC Bank ( 3.86) HUL ( 3.70) HDFC ( 3.26) WIPRO (2.0) Hero Motorcorp (2.90) Dr Reddy (1.92) Sun pharama (1.81) SBI ( 1.69) The above stocks are from above 30-35 defensive stocks… Now what is next? Every time FIIs have different strategies which common traders/investors cannot understand and hence there are making MONEY… In recent rally FMCG, Auto and Pharma were up e.g HUL, Bajaj Auto, Hero motorcorp, CIPLA, Dr Reddy, Sun Pharma Currently few stocks are 52 week low and many midcaps are yearly lows. Avoid doing AVERAGE now as we will have clear pictures from FED on 17th and 18th sept for tapering of liquidity ( QE 3). US job data are improving and hence…if decision comes than we may see global fall including India. We have 1st RBI review meeting with Mr Raghu Rajan on 18th sept 13… Currently FIIs are on Selling mood…but they can’t sell at 5200/5400 levels more other wise we will have circuit break and they will not get any value and hence they will take market up…and again short on higher side when all short covering in system is over….just my view… Now let us see in Sept series, which sector they take up…My view is FMCG , Auto , Banking and Pharma… On Monday, we may have gap down opening due to 1) Bad GDP and 2) Syria issue… For the coming week the target for Index above 5530/35 is 5600-5720 which are 50% and 61.2% Fibonacci Retracement levels for the current fall from 6093 else we may see lower level 5350-5380 level To know advance astro view on stock market for the next week and month of sept 13, please send mail to stockastro@yahoo... Charges Rs 5001/ for six months....services...1) Monthly/weekly stock and GOLD astro view in advance... Good night Jai shree krishna
Posted on: Sun, 01 Sep 2013 15:13:06 +0000
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