GOOD MORNING!!!
INDICES COMMENCED THE DAY ON A POSITIVE NOTE SHRUGGING WEAK CUES FROM THE ASIAN MARKETS WHICH MOSTLY TRADED IN THE RED ZONE IN THE MORNING. HOWEVER THE BOURSES ONCE AGAIN FAILED TO CAPITALIZE ON THE INITIAL IMPETUS AND DRIFTED INTO THE RED. THE BENCHMARKS MADE A DESPERATE ATTEMPT TO CLIMB BACK INTO THE GREEN IN LATE MORNING SESSION BUT REMAINED UNSUCCESSFUL AS SELLING GATHERED GREATER FORCE. EVEN AFTER FOOD INFLATION IN THE COUNTRY EASED SHARPLY IN THE WEEK-ENDED JANUARY 29, FINALLY GIVING SOME SLIM HOPES THAT A BUMPER KHARIF HARVEST AND STRONG OUTLOOK FOR THE RABI CROP AS WELL AS TIGHTENING BY THE MONETARY AUTHORITY WILL HELP BRING DOWN THE SURGING PACE OF RISING PRICES IN THE COUNTRY THIS COULDN’T REALLY HELP MARKETS TO ELEVATE THOUGH THE MARKETS HAVE TRIED MANY A TIMES TO REGAIN THE MOMENTUM BACK BUT THE FRONTLINE INDICES EVENTUALLY WENT HOME WITH MODERATE CUTS WHICH WAS FAR MORE ACCEPTABLE THAN THE RECENT NASTY LACERATIONS. WE HAVE SEEN HIGH VOLATALITY IN THE MARKETS THOUGH THE VOLUMES WERE COMPARITIVELY LOWER THAN PREVIOUS DAYS VOLUMES. THE MARKET BREADTH WAS NEGATIVE
TODAY MARKETS LOOK FLAT TO POSITIVE AND MARKETS LIKELY TO CONSOLIDATE AT THE CURRENT LEVELS IF AND ONLY IF IT SUSTAINS 5200 LEVELS ON THE FUTURES. CONSIDERING BROAD PICTURE OF THE MAREKTS AND CONSIDERING THE HEAVY VOLATALITY ONE IS ADVISED TO STAY LONG AT THE CURRENT LEVELS AS LONG AS NIFTY IS ABOVE 5190 LEVELS AND IF NIFTY CLOSES BELOW 5190 LEVELS THEN WE CAN SEE NIFTY TO COME DOWN MUCH MORE THAN WHAT IS ANTICIPATED IN THE MAREKTS.
AND IF ONE IS LOOKING ONLY ON AN INTRADAY FRONT WHO DOESN’T HAVE THE ABILITY TO BOOK LITTLE BIG LOSS THEN ONE IS ADVISED TO TRADE ON THE FOLLOWING LINES, IF NIFTY TRADES ABOVE 5235 THEN LIKELY TO MAKE AN UPMOVE TO 5254 LEVELS AND THEN TO 5280 AND BREAK ABOVE THIS LEVEL WOULD SEE NIFTY TO 5300 LEVELS . ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5210 WE CAN SEE NIFTY TO SLIDE DOWN TO 5190 LEVELS AND THEN TO 5160 LEVELS ANY CLOSE BELOW 5190 WE CAN SEE NIFTY TO SLIDE DOWN MUCH MORE IN THE DAYS TO COME.
TODAY MARKETS LOOK FLAT TO POSITIVE AND MARKETS LIKELY TO CONSOLIDATE AT THE CURRENT LEVELS IF AND ONLY IF IT SUSTAINS 5200 LEVELS ON THE FUTURES. CONSIDERING BROAD PICTURE OF THE MAREKTS AND CONSIDERING THE HEAVY VOLATALITY ONE IS ADVISED TO STAY LONG AT THE CURRENT LEVELS AS LONG AS NIFTY IS ABOVE 5190 LEVELS AND IF NIFTY CLOSES BELOW 5190 LEVELS THEN WE CAN SEE NIFTY TO COME DOWN MUCH MORE THAN WHAT IS ANTICIPATED IN THE MAREKTS.
AND IF ONE IS LOOKING ONLY ON AN INTRADAY FRONT WHO DOESN’T HAVE THE ABILITY TO BOOK LITTLE BIG LOSS THEN ONE IS ADVISED TO TRADE ON THE FOLLOWING LINES, IF NIFTY TRADES ABOVE 5235 THEN LIKELY TO MAKE AN UPMOVE TO 5254 LEVELS AND THEN TO 5280 AND BREAK ABOVE THIS LEVEL WOULD SEE NIFTY TO 5300 LEVELS . ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5210 WE CAN SEE NIFTY TO SLIDE DOWN TO 5190 LEVELS AND THEN TO 5160 LEVELS ANY CLOSE BELOW 5190 WE CAN SEE NIFTY TO SLIDE DOWN MUCH MORE IN THE DAYS TO COME.
