BUY PARSVANATH ON BREAKOUT.
Saturday, December 13, 2008
13TH DEC 2008
NIFTY DAILY CHART SHOW THE TRIANGLE BREAKOUT AND THE CHANNEL WHICH IT MAY TRY TO COMPLETE.
NIFTY INTRA DAY CHART: 13TH DEC 08
NIFTY INTRADAY CHART INDICATES THAT IT IS READY FOR AN UPMOVE. HOLD TO YOUR LONG POSITION WITH THE STOP LOSS OF 2810-2760 FOR THE TARGET OF 3046-3090-3140-3220.
Hi,
I see some macro factors emerging positive for Indian equity.
1. I see a possibility of $ peaking out to Rs now in few weeks and gradually start downward journey. Rs should appreciate in next 12 months,
2. If Rs shows signs of appreciation, expect funds flowing in India; both FDI and FIIs
3. If petro products are priced at parity to crude prices (petrol and Diesel), it will take care of deficit problem which sends a positive signal on Rs appreciation as $ inflow could indeed start due to re-rating prospects
4. This should re-rate equity to begin with
5. It should also act positive on interest rate scenerio as inflation should be going down faster to 5-6% in following months.
6. Fall in inflation is positive, as fall in interest rate is inevitable thereafter (G-sec bond yield is 6.4% now, confirming southward journey of interest rate)
7. Treasury gains for banking stocks
8. Equity yeild contracting the bond yield now should prompt higher fund allocation
9. Given this possibility in next 2-3 quarters, I would build a strong bias for equity and would buy equity during each fall now onwards as it may make a rounding bottom formation on long term charts which in turn sets the base for a long term bull market in following 4-5 years.
Positive developments can indeed take care of potential sell-off from HFs of Q1; it may be an opportunity to invest in falling market. Worth planning actions to invest and build AUM.
Have a nice day.
Sincerely,
From: Deven Choksey
Managing Director
Kisan Ratilal Choksey Shares and Securities Pvt. Ltd.
Mumbai,
INDIA.
I see some macro factors emerging positive for Indian equity.
1. I see a possibility of $ peaking out to Rs now in few weeks and gradually start downward journey. Rs should appreciate in next 12 months,
2. If Rs shows signs of appreciation, expect funds flowing in India; both FDI and FIIs
3. If petro products are priced at parity to crude prices (petrol and Diesel), it will take care of deficit problem which sends a positive signal on Rs appreciation as $ inflow could indeed start due to re-rating prospects
4. This should re-rate equity to begin with
5. It should also act positive on interest rate scenerio as inflation should be going down faster to 5-6% in following months.
6. Fall in inflation is positive, as fall in interest rate is inevitable thereafter (G-sec bond yield is 6.4% now, confirming southward journey of interest rate)
7. Treasury gains for banking stocks
8. Equity yeild contracting the bond yield now should prompt higher fund allocation
9. Given this possibility in next 2-3 quarters, I would build a strong bias for equity and would buy equity during each fall now onwards as it may make a rounding bottom formation on long term charts which in turn sets the base for a long term bull market in following 4-5 years.
Positive developments can indeed take care of potential sell-off from HFs of Q1; it may be an opportunity to invest in falling market. Worth planning actions to invest and build AUM.
Have a nice day.
Sincerely,
From: Deven Choksey
Managing Director
Kisan Ratilal Choksey Shares and Securities Pvt. Ltd.
Mumbai,
INDIA.
Saturday, October 4, 2008
DOW AND NIFTY SUPPORT ANALYSYS
Looking at the history of the dow index..........i feel that dow should take support around 9500-9000 levels and pull back than can take the dow till 11000-11750............comparing the same data with the nifty i feel in extreme case nifty may try and come down between 3600-3400........but this levels r strong case of investment and returns at that levels have always deliverd good rtns.........pull back can take the nifty till 4200-4300...........any move beyond the levels can be analysed there after.
Saturday, June 14, 2008
SUPPORT AND RESISTANCE LEVELS.
Mkt seems to be trying hard to move up but nifty is range bound between 4550 and 4460 and nifty fut is range bound between 4550-4390 and also at a discount to cash which indicates weakness . once they cross the higher end then only we can confirm that mkt can move up or not. If breaks the lower side than the fear will set in and mkts will be headed lower. On lower side support for nifty fut exist at 4270-4110-4084-3990 and for nifty cash support exist at 4271-4195-3990 and on the higher side resistance for nifty cash exist at 4629-4732-4932 and for niftyt fut at 4637-4759-5054. and for the sensex support exist at 14500-14270-13910-13086-11925 and resistance at 15780-16050-16280-16508.
Subscribe to:
Posts (Atom)