GOOD MORNING!!!
A CAUTIOUS MOVE BY INVESTORS AHEAD OF CENTRAL BANKS QUARTERLY POLICY REVIEW TODAY MARKETS HAVE EXTENDED LOSSES IN THE LATE TRADING SESSION HITTING FRESH INTRADAY LOWS, PROFIT BOOKING TOOK PLACE AS THE FRONT END COUNTERS ARE ABOUT TO DECLARE THE RESULTS FOR THE QUARTER, COUNTERS LIKE LT, RELIANCE AND HINDUSTAN UNILEVER ALL THESE MAJORS ARE GOING TO DECLARE THEIR RESULTS TODAY AS A PRECUATIONARY MEASURE INVESTORS WERE INCLINED TOWARDS PROFIT TAKING AND THEIR BY LEADING TO DOWNFALL IN THE MARKETS, THERE WAS PROFIT BOOKING IN THE INTEREST RATE SENSITIVE REALITY STOCKS AND BACKING STOCKS BOTH THE SECTORS GAVE UP ON CENTRAL BANKS REVIEW. MARUTI AND HEROHONDA WERE THE BIGGEST LOOSERS IN THE MARKET. THE MARKET BREADTH INDICATING THE OVERALL HEALTH OF THE MARKET, WAS WEAK IN COMPARISION TO THE EARLY TRADE.
TODAY MARKET WOULD BE RANGE BOUND AHEAD OF MONETORY POLICY AND THERE WOULD BE WILD FLUTUATIONS IN THE MARKET, THERE WOULD BE LOT OF ACTIVITY IN STOCK SPECIFIC COUNTERS, WE MAY SEE RELIANCE, LT AND HUL WOULD HAVE GOOD ACTIVITY AHEAD OF RESULTS TODAY. INTEREST RATE SENSITIVE STOCKS MAY BE UNDER PRESSURE. AUTO’S, REALITY AND BANKING MAY BE WEAK ONE HAS TO CLOSELY WATCH OUT FOR THESE SECTORS. ON THE OTHER HAND ONE HAS TO SEE THAT ON COMPANIES WHICH ARE GOING OUT FOR NEW LICENSES IN BANKING MAY HAVE SOME IMPACT IN THE MONETORY POLICY REVIEW SO STOCKS LIKE RELINACE CAPITAL, INDIABULLS, TATA CAPITAL AND OTHERS MAY HAVE SOME MOVEMENT IF THERE IS ANY NEWS ON THE SAME. TODAY IF NIFTY TRADES ABOVE 5460 THEN LIKELY TO MAKE AN UPMOVE AS INDIATED YESTERDAY AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 5411 THEN LIKELY TO NOSE DIVE TO 5375 AND ANY BREAK BELOW THIS LEVEL WOULD WEAKEN NIFTY FURTHER IN THE COMING DAYS AND WOULD SLIDE FURTHER.
NO INTRADAY TIPS
A CAUTIOUS MOVE BY INVESTORS AHEAD OF CENTRAL BANKS QUARTERLY POLICY REVIEW TODAY MARKETS HAVE EXTENDED LOSSES IN THE LATE TRADING SESSION HITTING FRESH INTRADAY LOWS, PROFIT BOOKING TOOK PLACE AS THE FRONT END COUNTERS ARE ABOUT TO DECLARE THE RESULTS FOR THE QUARTER, COUNTERS LIKE LT, RELIANCE AND HINDUSTAN UNILEVER ALL THESE MAJORS ARE GOING TO DECLARE THEIR RESULTS TODAY AS A PRECUATIONARY MEASURE INVESTORS WERE INCLINED TOWARDS PROFIT TAKING AND THEIR BY LEADING TO DOWNFALL IN THE MARKETS, THERE WAS PROFIT BOOKING IN THE INTEREST RATE SENSITIVE REALITY STOCKS AND BACKING STOCKS BOTH THE SECTORS GAVE UP ON CENTRAL BANKS REVIEW. MARUTI AND HEROHONDA WERE THE BIGGEST LOOSERS IN THE MARKET. THE MARKET BREADTH INDICATING THE OVERALL HEALTH OF THE MARKET, WAS WEAK IN COMPARISION TO THE EARLY TRADE.
TODAY MARKET WOULD BE RANGE BOUND AHEAD OF MONETORY POLICY AND THERE WOULD BE WILD FLUTUATIONS IN THE MARKET, THERE WOULD BE LOT OF ACTIVITY IN STOCK SPECIFIC COUNTERS, WE MAY SEE RELIANCE, LT AND HUL WOULD HAVE GOOD ACTIVITY AHEAD OF RESULTS TODAY. INTEREST RATE SENSITIVE STOCKS MAY BE UNDER PRESSURE. AUTO’S, REALITY AND BANKING MAY BE WEAK ONE HAS TO CLOSELY WATCH OUT FOR THESE SECTORS. ON THE OTHER HAND ONE HAS TO SEE THAT ON COMPANIES WHICH ARE GOING OUT FOR NEW LICENSES IN BANKING MAY HAVE SOME IMPACT IN THE MONETORY POLICY REVIEW SO STOCKS LIKE RELINACE CAPITAL, INDIABULLS, TATA CAPITAL AND OTHERS MAY HAVE SOME MOVEMENT IF THERE IS ANY NEWS ON THE SAME. TODAY IF NIFTY TRADES ABOVE 5460 THEN LIKELY TO MAKE AN UPMOVE AS INDIATED YESTERDAY AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 5411 THEN LIKELY TO NOSE DIVE TO 5375 AND ANY BREAK BELOW THIS LEVEL WOULD WEAKEN NIFTY FURTHER IN THE COMING DAYS AND WOULD SLIDE FURTHER.
NO INTRADAY TIPS
