Tushar Makhija
What's up @ Indian Stock Market on Nov 19th
Posted 1 year, 9 months ago by Tushar MakhijaCategory: General Market
Sentiment: Bullish
Do we expect a rally today? Yes We may. Why? Because yesterday through out the trading day stocks swung between negative and positive territory, but we are hovering close to 8900-9000 Sensex levels. There is optimism that these lows are holding and so we had a bit of an opportunity rally here. The US Markets also have a volatile day today until the final hour of trading when market shot up 150 points. The Asian Markets are broadly trading lower except the China which is trading in the green. As I said we can see a sucker rally and there is an window for quick trades. BHEL, NTPC, LNT, RIL, SBI, Tata Steel all present an opportunity. But as always, stockezy members follow the rule of always using Stop Loss. So Be Bullwise and Bearaware ! Note: In my view, Basic Materials, Capital Goods and Banks will rally well. Check out Sector Performance Chart click here
also another indicator which I have started to use in recent times is the volatility index. today it is down close to 20% from 85 to 64. So this is a positive sign which signals an upward move. what is worrying me is that around 9250 for sensex we may see a fall-off just like it happened earlier
”Go for the telecom sector sell
”sell @ any high guys..sell tata com,airte,rcom
”yeah as tushar wrote in this article it is about timing the market buy low and sell high on the same day and on a day like this it is sell within one hour. Sensex was up 190 points and now has shed some to be only up 155 points
”hello friends, this is a topsy turvy ride, sensex reached 9138 fell to 9048 and now again is up to 9160
”look at steel stocks today they are moving up -- reason why? cause FM announced a 5% import duty on special types of steel exports to shield domestic companies from chinese cheap steel coming in. The duty will applicable to steel items such as pig iron, semi-finished, flat and long category of products.
”Upside NF res 2758,2786,2819.So I suggest to take a experimental risk by buying a 2700 put @ 2780 lvel
”The Reserve Bank of India (RBI) is expected to announce another
round of rate cuts in a week or so in an effort to ease liquidity
and reduce borrowing costs to counter slowing economic growth. The
RBI is also likely to create a special repo window to allow banks
to borrow up to 100 basis points of the statutory liquidity ratio
(SLR) - the percentage of deposits invested in government
securities - to make available Rs 40,000 crore for infrastructure
like national highway projects
”infrastructure highway projects, this is like the china stimulus package, and this should be good news, which Infrastructure companies are a good bet here?
”DLF,Punj,LT,Praj,Parsavnath should be a good bet here.Can go for Unitech also
”soumya this is stockezy_admin, we just added a new post to track best infrastructure companies, please share your valuable comments on that post as well.
”I hope evry1 will be getting prfit by buying thet xperimental put
”hey soumya i am new to investing and do not understand experimental put you have posted in your earlier comment. Can you help explain how this works? so much thanks to you in advance
”In my words experimental means a risk taking view on the market.
So if you have not bought yet,wait for my call.
”basic materials especially cement and aluminum companies are doing pretty well today, looks like investors are bargain hunting
”moneycontrol.com is reporting "" Short covering in oil & gas, metal, realty, auto, FMCG, banking, cement and capital goods stocks is helping the markets to remain on higher side, despite some volatility. Only frontline stocks, which got beaten down on Tuesday, are on buyers' radar. However, technology stocks are still under pressure. Midcap and small cap stocks are quite in today's trade.""
”Is there any1 holding put @ my call
”yes, when should I cover the call > let me know
”Cover when you want to cover.Its upto your profit.But I thnk can cover now.
”target for Nifty for today in my view is 2660
”Can be.But its still 1 hour left.I hope every1 will get profit
”Nifty in bear selling territory now has fallen below 2650
”wow what a response! quite an exciting thread. But the good news is over latest news is that sensex and nifty are down, all the gains have been washed away - possible reason as reported by moneycontrol.com is :
""The benchmark indices shed all gains due to weak international cues. European markets and US futures are seeing intense pressure. Capital goods, banking, telecom, power, technology, metal, and select oil stocks are trading weak. Even the midcap and smallcaps stocks are trading in the red.""
”Bad News is that we have fell below 2650 for Nifty and 8900 for Sensex. These 2 levels in my opinion were support and there was hope of a bottom close to these prices.Now all hopes dashed. expect more losses
”somehow,we need to fill the gap @ 2500 lvels..SO guys keep rocking.
”It sounds like mkt was xpecting this rally,and as I said sell @ higher side,is profitable for every1.& I am also -Ve bout mkt.
”2550 levels can be expected. This means we will be touching lows from Black Day Oct 27th. If we fall below those levels then recovery will be difficult and market can crash to 2200 levels.
”Hope for the best guys.
”