Yesterday auto & IT lift the nifty despite that most of the stocks are red. Still any index stocks are there in bullish scenerio?
What is your opinion on Sensex midcap stocks? Is it looking bullish? If not which will move the index to 20500/21K as per this, as PCR is high and OI also skyrocketing. Reply at your free time.
PS : How is the situation at your place? as "verdict" is due .
after a long time today we saw correction and low of prev day broken.reg bullishness in ndex stocks i will like to draw yr attention towards qtr ending on 30/910 and result season will start. and normally we have seen when evr we are closer to qtr ending mkt follows result calender.IT pack normally is first so we have seen some build in IT stocks in recent days. sme way we may see as per results schedule of big company in the sector and build up in sector.....
of course F n O expiry is going to play a big roll and we have seen a vertical upmove to be precise parabolic upmove which is dangerous. we have discussed in last thread that due to break out from channel and short covering we have seen this upmove.if short covering is major reason, we may not see big upmoves in next series.
i had checked comparision of large cap and mid cap charts for upmove from 15960 to apprx 20k large cap have matched with mid cap index covering huge gap.as discussed in last mail normally when we see good run in large caps due to valuation mismatch mid caps follow them,coming few days will clear this, whether we see upmove in mid caps or not to be precise in stocks outside sensex/inifty.
i am following individual stocks only and churning them quickly, recent additions r mid cap it stocks rolta, 3i infotech,mphasis.
situation quite nice in Gujarat and in my city Ahmedabad.actually what picture politicians are creating for gujarat it is different, its quite peaceful and comfortable for all classes of society and thats why big industries are shifting here.
todays nifty moves r interesting. we have corrected by apprx 90 points and retraced by 61.8% at apprx 61.8%. so it will be interesting if we r correcting simply in a-b-c pattern and we have completed a and b to be followed by dnward c. crossing of today high will indicate completion of this correction looks difficult looking at parabolic upmove.
Thanks for your views. Keeping everything in finger tips??? flawless writeup :)
That's y i asked you..this media persons are always showing some extraordinary :( i donno about you, but i am big fan of "modiji". Ok. offtopic closed.
thanks for yr kind words! due to time constraint not updating like before.bcz chart preparation and follow up of levels after that needs time.
NAMO is gr8 leader. India really needs PM like him at this age.very good administrator.good visionary also.i am fan of his vision and growth oriented policies and administration.he has created far far better enviornment than so called secular parties who simply play with emotions and bake their bread at cost of their vote banks.in my college days i was fan of Bajpayeeji but unfortunately he came in power at very old age and with company of mamta, jaylalitha and others.so cld not show his strength. even Morarji desai was similar leader with discipline and gr8 character. due to absence of such strong characters at top level we have to feel ashamed for such developements at CWG! and culprits are being defended.let us stop here!
Wow, that's good to know really :) Yes, rebels inside the party also there but he didn't bother about anything. he came to chennai i think 2-3 years back for a "tamil fortnightly" function what a "mass" grace for him in TN?? amazing.. i bought the DVD, @ free time i will watch his speech. I will celebrate in a grand manner if he become "PM" India need that kind of a person, even state need that kind of CM more...
NAMO well said "if PM mob the floor in CWG, it will not be ready @ time" yes, see still lot of problems.. instead they should have handed over the work to "ahamadabad municipality" they would have done well :D
Thanks for your valuable post.
ReplyDeleteYesterday auto & IT lift the nifty despite that most of the stocks are red. Still any index stocks are there in bullish scenerio?
What is your opinion on Sensex midcap stocks? Is it looking bullish? If not which will move the index to 20500/21K as per this, as PCR is high and OI also skyrocketing. Reply at your free time.
PS : How is the situation at your place? as "verdict" is due .
Dear Sujatha,
ReplyDeleteafter a long time today we saw correction and low of prev day broken.reg bullishness in ndex stocks i will like to draw yr attention towards qtr ending on 30/910 and result season will start. and normally we have seen when evr we are closer to qtr ending mkt follows result calender.IT pack normally is first so we have seen some build in IT stocks in recent days. sme way we may see as per results schedule of big company in the sector and build up in sector.....
of course F n O expiry is going to play a big roll and we have seen a vertical upmove to be precise parabolic upmove which is dangerous. we have discussed in last thread that due to break out from channel and short covering we have seen this upmove.if short covering is major reason, we may not see big upmoves in next series.
i had checked comparision of large cap and mid cap charts for upmove from 15960 to apprx 20k large cap have matched with mid cap index covering huge gap.as discussed in last mail normally when we see good run in large caps due to valuation mismatch mid caps follow them,coming few days will clear this, whether we see upmove in mid caps or not to be precise in stocks outside sensex/inifty.
i am following individual stocks only and churning them quickly, recent additions r mid cap it stocks rolta, 3i infotech,mphasis.
situation quite nice in Gujarat and in my city Ahmedabad.actually what picture politicians are creating for gujarat it is different, its quite peaceful and comfortable for all classes of society and thats why big industries are shifting here.
todays nifty moves r interesting. we have corrected by apprx 90 points and retraced by 61.8% at apprx 61.8%. so it will be interesting if we r correcting simply in a-b-c pattern and we have completed a and b to be followed by dnward c. crossing of today high will indicate completion of this correction looks difficult looking at parabolic upmove.
Thanks for your views. Keeping everything in finger tips??? flawless writeup :)
ReplyDeleteThat's y i asked you..this media persons are always showing some extraordinary :( i donno about you, but i am big fan of "modiji". Ok. offtopic closed.
thanks and regards
This comment has been removed by the author.
ReplyDeletethanks for yr kind words!
ReplyDeletedue to time constraint not updating like before.bcz chart preparation and follow up of levels after that needs time.
NAMO is gr8 leader. India really needs PM like him at this age.very good administrator.good visionary also.i am fan of his vision and growth oriented policies and administration.he has created far far better enviornment than so called secular parties who simply play with emotions and bake their bread at cost of their vote banks.in my college days i was fan of Bajpayeeji but unfortunately he came in power at very old age and with company of mamta, jaylalitha and others.so cld not show his strength. even Morarji desai was similar leader with discipline and gr8 character. due to absence of such strong characters at top level we have to feel ashamed for such developements at CWG! and culprits are being defended.let us stop here!
regards!
Wow, that's good to know really :) Yes, rebels inside the party also there but he didn't bother about anything. he came to chennai i think 2-3 years back for a "tamil fortnightly" function what a "mass" grace for him in TN?? amazing.. i bought the DVD, @ free time i will watch his speech. I will celebrate in a grand manner if he become "PM" India need that kind of a person, even state need that kind of CM more...
ReplyDeleteNAMO well said "if PM mob the floor in CWG, it will not be ready @ time" yes, see still lot of problems.. instead they should have handed over the work to "ahamadabad municipality" they would have done well :D
May GOD BLESS HIM with long health life.