A FANTASTIC WEEK FOR THE MARKET SO FAR

Written by HARIKRISHNAN.T
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In the previous post I mentioned that if the market crossed the 5530 level, it can go up to 5630 level depending on the economic and political news.

The same thing happened this week. The strong global situation, low crude oil price, positive steps taken by the Government to control Inflation etc helped Indian markets in a positive way.

Today Nifty closed at 5647.40, 46.95 points in green. I think this is the best level of booking your profits, because market will be in the 5200-5600 range at least for the next 3 to 4 months.

See the percentage change of various sectors in the June series.


So expect a correction soon.........Book your profits.............Buying levels for next week will be published in the next post.

Regards Hari " लोका समस्ता सुखिनो भवन्तु " 



BEST BUYING LEVELS FOR THE COMING WEEK

Written by HARIKRISHNAN.T
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I think the positive movement of Indian market will depend on the following things

1) Crude oil price
2) Positive news about monsoon
3) Positive news from political side.
4) Inflation
5) Fiscal deficit (The difference between total revenue and total expenditure of the government is termed as fiscal   deficit)
6) GDP(Gross domestic product refers to the market value of all final goods and services produced within a country in a given period. It is often considered an indicator of a country's standard of living)

The fund flow from the FIIs will mainly depend on Interest rates, Inflation, negative issues coming from the political side etc. The important thing is that fund flow from FIIs to India will not depend on the global economic scenarios.

I think the moving range of market in the coming week will be between 5200 and 5600.

The immediate profit booking levels will be at 5530 and 5630.

If Nifty break the 5530 level, it can go up to 5630 level depending on the news from economic and Government side.

The following figure gives the buying level and immediate supports of some of the important stocks of various sectors. (Click on the image to get a clear view)

Regards Hari " लोका समस्ता सुखिनो भवन्तु "







A FANTASTIC FRIDAY FOR MARKET.........

Written by HARIKRISHNAN.T
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Sharp fall in crude oil price helped the market.

Sensex closed 513 points up at 18240.68 and Nifty closed at 5471.25, 151.25 points in green.

Positive global cues and the much awaited EGoM (Empowered Group of Ministers) meeting on fuel prices were some of the major triggers for the market.

Finance Minister Pranab Mukherjee has decided to up diesel prices by Rs 3 per litre while LPG rates have been raised by Rs 50 per cylinder excluding VAT.

Brent crude declined 6% yesterday as IEA (International Energy Agency) surprised energy markets by saying 60 million barrels would be released over 30 days to fill Libya gap.

The diesel price helped the following companies

ONGC closed at Rs.272.80, 3.12% up

IOC closed at Rs.336.90, 2.46% up

Bharat Petroleum Corporation closed at Rs.634.70, 2.84% up

Petronet LNG closed at Rs.143.95, 3.15% up

Hindustan Petroleum closed at Rs.392.60, 6.14% up

I think this positive rally will not continue further more. But within 6 months we can see Sensex at 21000 level.

Regards Hari " लोका समस्ता सुखिनो भवन्तु "