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BULLS N BEARS
Friday, February 24, 2012
MCX IPO-subscription-oversubscription
Market view 24-02-2012
The market is likely to consolidate or even
correct in the coming days as it prepares for some big events
including the state election results, the budget and the next RBI
policy. We remain focused on stock-picking as a strategy
correct in the coming days as it prepares for some big events
including the state election results, the budget and the next RBI
policy. We remain focused on stock-picking as a strategy
Thursday, January 19, 2012
Nifty:20-01-2012
The markets ended in green on account of huge buying seen in the heavy weight stocks like
Icici Bank, LT, and Tata Steel etc. The Index in the short term with a rising window pattern
indicates positive trend very much intact. This short term up trend remain intact until the
mentioned support level of 4,800 is not breached decisively. Stability above 5,020 will further
extend the rally to 5,080 levels in the near term.
Support: Major support level 4,980/4,950.
Conclusion: Volatility to continue, trade with strict Stop Loss.
The markets ended in green on account of huge buying seen in the heavy weight stocks like
Icici Bank, LT, and Tata Steel etc. The Index in the short term with a rising window pattern
indicates positive trend very much intact. This short term up trend remain intact until the
mentioned support level of 4,800 is not breached decisively. Stability above 5,020 will further
extend the rally to 5,080 levels in the near term.
Support: Major support level 4,980/4,950.
Conclusion: Volatility to continue, trade with strict Stop Loss.
Tuesday, January 17, 2012
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