21-01-2016 - Index views

Nifty :

                Nifty closed at 7306.95. This fall may have made a real panic bottom for short term. Nifty recovered from the low with increase in price in Call Options, indicating a sharp short covering may happen very soon. This is a small indicator but cannot be ignored at such a down, oversold level. One may add or buy fresh at least “At The Money” call options in very small qty so that one may add and average at a later point, of course with a Stop Loss of 7230 on closing basis.

Bank Nifty :

                BankNifty closed at 14,909.20. Even BankNifty has touched the interim support zone of 14,800 on intraday basis. In case of bounce in Nifty, even BankNifty will bounce but on any rally, 200 / 300 / 400 points, one may exit the old longs. We may see some more panic in coming few days, but after a bounce. Book profit regularly on fresh longs on every rise.

20-01-2016 - Index views

Hello & Good morning...!

            We have made a low of 7287 in Nifty today and now it is trading at 7313. There are fair chances that we are done for further downside movement, at least at this point in time and for this week, for remaining two days. There is a good support at 7260, and it has held it for now. In case we do not break that low, there are fair chances to move up and slowly we might touch the levels like 7600 / 7650. Any longs in Nifty should be in a small quantity with a strict Stop Loss of 7260 and the targets of 100 / 200 & 300 points from here. Any rally, should be used to book profits regularly and exit from all the longs around 7600. Rest of the levels & strategies will be posted soon.

19-01-2016 - Index views

Nifty :

            Nifty closed at 7372.25. Looking at chart, it is almost at the historical low as far as indicators are concerned. Weekly chart suggests a strong support at 7260, which may not come even. Any intraday panic may touch 7250 / 7260 kind of levels and might give us a sharp reversal.  Since we do not have any positions, one can afford to go long in Nifty by purchasing at the money call options in a very small quantity in anticipation of the process of Nifty bottoming out has been started.

Bank Nifty :

            BankNifty closed at 15,050.90. BankNifty seems weaker than Nifty. But as we have stated earlier, before touching the next support zone, it may bounce with Nifty. BankNifty as an indivisual scrip, seems very weak. No fresh positional trades  in BankNifty are advisable. Instead, a short term long is better in Nifty on any good signal. Any good bounce will be a good opportunity to exit from longs in BankNifty.

 

17-01-2016 - Index views

Nifty view :

                Nifty closed at 7446.55. 400 points rise in Nifty in 14 trading days & 600 points wiped off in just 9 days. Too fast. Eventually it may make another panic bottom around 7300, since the selling is overdone, and market is in an oversold zone, we may see an interim bottom making process with a small bounce soon. In case Nifty does not stop at around 7300, the next support is at 7000, but rallies expected really very soon and let’s hope it will sustain

 BankNifty :

                BankNifty closed at 15,204.30. BankNifty  is weaker than Nifty. Unlike Nifty, it has another two major supports at 14,750 & 14,400. It has to bounce WELL BEFORE these levels are tested, but incase these levels are tested and not sustained, the next level is 1000 points away, down of course. Let’s hope, it bounces soon as we expect.

30-12-2015 - Hello friends !

Hello & Good morning !

            Dear friends,

                        Meeting you all after a long break. Due to some regulations imposed on Equity Research Analysts by the exchange and SEBI, we have stopped posting the recommendations. Still the certificate is yet to come. Since exchange & SEBI have permitted to express the indexes and sector specific views, we have decided to start the weekly updates for the same. According to the new regulations, I am not allowed to provide any recommendations, advice to “BUY”, “SELL” or “HOLD” of any stock(s).

                        So I have decided to