Daily trend of the market is down.
Markets across the world are trying to recover 20% from their lows which is a sign that the bottoms have been made from their lows. Even Nifty and Sensex have recovered 20% from their lows. We are waiting for the first higher bottom higher top to be made in Nifty after which we can call the short term trend to be up. Till then we wait.
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Percentage above support
Percentage above support is still below 50% (today it is 3%) so we recommend that no delivery should be bought at current levels.
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Strong Futures
This is list of 10 Strong Futures: GTL, Titan, Hotel Leela, Sterling Bio, Indian Bank, Lupin, Infosys, Hero Honda, Colpal and GDL
Weak Futures
This is the list of 10 Weak Futures: Parsvnath, Bajaj Hind, National Alu, Ivrcl Infrast, Ivr Prime Urban, Brigade, Jindal Stainl, Puravankara Proj,Suzlon and United Phosphoro
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Disclaimer: crnindia.com does not warrant or make any representations regarding the use or the results of the use of the materials in this site or other sources in terms of their correctness, accuracy, reliability, profit, or otherwise. crnindia.com does not guarantee the accuracy or completeness of any information and is not responsible for any omissions. crnindia.com clearly states that it has no financial liability whatsoever to any user on account of the use of information provided on the website or email.
_________________________________________________________________
Thursday, October 30, 2008
Tuesday, October 28, 2008
Outlook for 29th October 2008
Daily trend of the market is down.
We had mentioned yesterday, that markets may start recovering as technically markets are heavily oversold. We can expect some up and down movements for some days before a clear buy signal emerges. Till then we wait as overall trend of the market is still down.
________________________________________________
Percentage above support
Percentage above support is still below 50% (today it is 3%) so we recommend that no delivery should be bought at current levels.
__________________________________________________________________
Strong Futures
This is list of 10 Strong Futures: :GTL, Colpal, Hoteleela, Titan, Lupin, GDL, Satyamcomp, Chamblfert, Sterlinbio & infoystch
Weak Futures
This is the list of 10 Weak Futures: Tatamotors, Jetairways, Aban, Jstainless, Ivrprime, Nationalum, Unitech, Purva, Suzlon & Ivrclinfra.
_____________________________________________
Disclaimer: crnindia.com does not warrant or make any representations regarding the use or the results of the use of the materials in this site or other sources in terms of their correctness, accuracy, reliability, profit, or otherwise. crnindia.com does not guarantee the accuracy or completeness of any information and is not responsible for any omissions. crnindia.com clearly states that it has no financial liability whatsoever to any user on account of the use of information provided on the website or email.
____________________ _____________________________________________
We had mentioned yesterday, that markets may start recovering as technically markets are heavily oversold. We can expect some up and down movements for some days before a clear buy signal emerges. Till then we wait as overall trend of the market is still down.
________________________________________________
Percentage above support
Percentage above support is still below 50% (today it is 3%) so we recommend that no delivery should be bought at current levels.
__________________________________________________________________
Strong Futures
This is list of 10 Strong Futures: :GTL, Colpal, Hoteleela, Titan, Lupin, GDL, Satyamcomp, Chamblfert, Sterlinbio & infoystch
Weak Futures
This is the list of 10 Weak Futures: Tatamotors, Jetairways, Aban, Jstainless, Ivrprime, Nationalum, Unitech, Purva, Suzlon & Ivrclinfra.
_____________________________________________
Disclaimer: crnindia.com does not warrant or make any representations regarding the use or the results of the use of the materials in this site or other sources in terms of their correctness, accuracy, reliability, profit, or otherwise. crnindia.com does not guarantee the accuracy or completeness of any information and is not responsible for any omissions. crnindia.com clearly states that it has no financial liability whatsoever to any user on account of the use of information provided on the website or email.
____________________ _____________________________________________
Sunday, October 26, 2008
Outlook for 27th October 2008
We had mentioned some days back also that our daily trend of Nifty came in downtrend at 4287.95 on 11th September . The current closing of nifty on Friday is below 2600. We believe technically that till the trend is down one should not look at buying as we do not know that till how long the trend can remain down. When we put nifty is downtrend near 4287, we could never think that it could fall by more than 1500 points, but as they say trend is your friend, we respect the trend.
Since the percentage above support is right now 0%, which means that the markets are extremely oversold. Theoretically a zero percent above support convey that all shares are dead which means that now slowly they should start seeing buying in them. But we still do not wish to do bottom fishing as we think that now a sideways consolidation and correction should follow and till markets do not generate a short term buy signal, we should wait before buying.
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Weak Futures
This is the list of 10 Weakest Futures: Jindalsteel, Essar, Jsw steel, Suzlon, Tisco, Welspun guj., Bajaj hind., Ivr prime, Ivrcl & Ndtv
_____________________________________________
Disclaimer: crnindia.com does not warrant or make any representations regarding the use or the results of the use of the materials in this site or other sources in terms of their correctness, accuracy, reliability, profit, or otherwise. crnindia.com does not guarantee the accuracy or completeness of any information and is not responsible for any omissions. crnindia.com clearly states that it has no financial liability whatsoever to any user on account of the use of information provided on the website or email.
____________________ _____________________________________________
Since the percentage above support is right now 0%, which means that the markets are extremely oversold. Theoretically a zero percent above support convey that all shares are dead which means that now slowly they should start seeing buying in them. But we still do not wish to do bottom fishing as we think that now a sideways consolidation and correction should follow and till markets do not generate a short term buy signal, we should wait before buying.
__________________________________________________________________
Weak Futures
This is the list of 10 Weakest Futures: Jindalsteel, Essar, Jsw steel, Suzlon, Tisco, Welspun guj., Bajaj hind., Ivr prime, Ivrcl & Ndtv
_____________________________________________
Disclaimer: crnindia.com does not warrant or make any representations regarding the use or the results of the use of the materials in this site or other sources in terms of their correctness, accuracy, reliability, profit, or otherwise. crnindia.com does not guarantee the accuracy or completeness of any information and is not responsible for any omissions. crnindia.com clearly states that it has no financial liability whatsoever to any user on account of the use of information provided on the website or email.
____________________ _____________________________________________
Thursday, October 23, 2008
Outlook for 24th October 2008
Watch our Analyst (Neera Jain) discuss various stocks at NDTV Profit on 24th Oct between 4 till 4.30 pm on Programme Tomorrow’s Picks
Daily trend of the market is down.
The fall in US Markets triggered a wave of fall in the Asian and European Markets. The Indian Markets tried to bounce and go higher but could not sustain when near 2 pm the European Markets started cutting their lows and the Indian Markets closed in negative.
While I am writing this, the Dow Futures are in the negative and if Dow closes bad today then we may see a negative opening tomorrow in the other world markets also.
________________________________________________
Percentage above support
Percentage above support is still below 50% (today it is 2%) so we recommend that no delivery should be bought at current levels.
__________________________________________________________________
Strong Futures
This is list of 10 Strong Futures: India bk, Gtl, Indian overseas, Hindunilvr, Sterling Biotech, Sydicate bk, Hotel leela, Pnb, Titan & Colgate palmoliv.
Weak Futures
This is the list of 10 Weak Futures: Jindalsteel, Essar, Jsw steel, Suzlon, Tisco, Welspun guj., Bajaj hind., Ivr prime, Ivrcl & Ndtv
_____________________________________________
Disclaimer: crnindia.com does not warrant or make any representations regarding the use or the results of the use of the materials in this site or other sources in terms of their correctness, accuracy, reliability, profit, or otherwise. crnindia.com does not guarantee the accuracy or completeness of any information and is not responsible for any omissions. crnindia.com clearly states that it has no financial liability whatsoever to any user on account of the use of information provided on the website or email.
____________________ ____________________
Daily trend of the market is down.
The fall in US Markets triggered a wave of fall in the Asian and European Markets. The Indian Markets tried to bounce and go higher but could not sustain when near 2 pm the European Markets started cutting their lows and the Indian Markets closed in negative.
While I am writing this, the Dow Futures are in the negative and if Dow closes bad today then we may see a negative opening tomorrow in the other world markets also.
________________________________________________
Percentage above support
Percentage above support is still below 50% (today it is 2%) so we recommend that no delivery should be bought at current levels.
__________________________________________________________________
Strong Futures
This is list of 10 Strong Futures: India bk, Gtl, Indian overseas, Hindunilvr, Sterling Biotech, Sydicate bk, Hotel leela, Pnb, Titan & Colgate palmoliv.
Weak Futures
This is the list of 10 Weak Futures: Jindalsteel, Essar, Jsw steel, Suzlon, Tisco, Welspun guj., Bajaj hind., Ivr prime, Ivrcl & Ndtv
_____________________________________________
Disclaimer: crnindia.com does not warrant or make any representations regarding the use or the results of the use of the materials in this site or other sources in terms of their correctness, accuracy, reliability, profit, or otherwise. crnindia.com does not guarantee the accuracy or completeness of any information and is not responsible for any omissions. crnindia.com clearly states that it has no financial liability whatsoever to any user on account of the use of information provided on the website or email.
____________________ ____________________
Wednesday, October 22, 2008
Outlook for 23rd October 2008
Watch our Analyst (Neera Jain) at NDTV Profit on 23rd Oct between 11.30 till 12.15 pm on Programme Buy/Sell
Daily trend of the market is down.
The negative Asian cues especially the big fall of Nikkei brought all the world markets down.. And the Indian Markets also could not remain unaffected from the world crisis. It seems that till the stability does not come in the International Market it would be tough to see a rally in the Indian Market. The strangest part is that US Dollar is going higher whereas the entire crisis epicenter is US.
________________________________________________
Percentage above support
Percentage above support is still below 50% (today it is 3%) so we recommend that no delivery should be bought at current levels.
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Strong Futures
This is list of 10 Strong Futures: Iob, Tvsmotor, HindUniLvr, Indian bk, Gtl, Colgate palmoliv, Syndicate bk, Hotel leela, Sterlling Biotech & Indn. oil.
Weak Futures
This is the list of 10 Weak Futures: Welspun Guj, Financial Technol, Sterlite Technol, Aptech, Jsw steel, S kumar, Ivrcl infrast, Bajaj hind, Ndtv & Ivr prime urban.
_____________________________________________
Disclaimer: crnindia.com does not warrant or make any representations regarding the use or the results of the use of the materials in this site or other sources in terms of their correctness, accuracy, reliability, profit, or otherwise. crnindia.com does not guarantee the accuracy or completeness of any information and is not responsible for any omissions. crnindia.com clearly states that it has no financial liability whatsoever to any user on account of the use of information provided on the website or email.
____________________ _____________________________________________
Daily trend of the market is down.
The negative Asian cues especially the big fall of Nikkei brought all the world markets down.. And the Indian Markets also could not remain unaffected from the world crisis. It seems that till the stability does not come in the International Market it would be tough to see a rally in the Indian Market. The strangest part is that US Dollar is going higher whereas the entire crisis epicenter is US.
________________________________________________
Percentage above support
Percentage above support is still below 50% (today it is 3%) so we recommend that no delivery should be bought at current levels.
__________________________________________________________________
Strong Futures
This is list of 10 Strong Futures: Iob, Tvsmotor, HindUniLvr, Indian bk, Gtl, Colgate palmoliv, Syndicate bk, Hotel leela, Sterlling Biotech & Indn. oil.
Weak Futures
This is the list of 10 Weak Futures: Welspun Guj, Financial Technol, Sterlite Technol, Aptech, Jsw steel, S kumar, Ivrcl infrast, Bajaj hind, Ndtv & Ivr prime urban.
_____________________________________________
Disclaimer: crnindia.com does not warrant or make any representations regarding the use or the results of the use of the materials in this site or other sources in terms of their correctness, accuracy, reliability, profit, or otherwise. crnindia.com does not guarantee the accuracy or completeness of any information and is not responsible for any omissions. crnindia.com clearly states that it has no financial liability whatsoever to any user on account of the use of information provided on the website or email.
____________________ _____________________________________________
Tuesday, October 21, 2008
Outlook for 22nd October 2007
Watch our Analyst (Neera Jain) discussing stocks at Zee Business on 22ndth Oct between 1 pm till 2 Pm
Daily trend of the market is down.
It seems that that the Indian Market is taking positive cues from the global cues. Yesterday’s Dow Jones Utility Index gain gave a strong confidence to the Asian Markets like Nikkei and Indian Market. But expect the rally to be more sideways with a constant doze of volatility
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Percentage above support
Percentage above support is still below 50% (today it is 7%) so we recommend that no delivery should be bought at current levels.
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Strong Futures
This is list of 10 Strong Futures: Mphasis, Dr.reddy, Hind uni lvr, Tvs motor, Gtl, Bob, Satyam & Syndicate bk.
Weak Futures
This is the list of 10 Weak Futures: Nagarjuna constr, Patel eng, Welspun, Aptech, S kumar, Jsw steel, Sterlite technol, Baja hind, IVR prime & NDTV.
_____________________________________________
Disclaimer: crnindia.com does not warrant or make any representations regarding the use or the results of the use of the materials in this site or other sources in terms of their correctness, accuracy, reliability, profit, or otherwise. crnindia.com does not guarantee the accuracy or completeness of any information and is not responsible for any omissions. crnindia.com clearly states that it has no financial liability whatsoever to any user on account of the use of information provided on the website or email.
____________________ _____________________________________________
Daily trend of the market is down.
It seems that that the Indian Market is taking positive cues from the global cues. Yesterday’s Dow Jones Utility Index gain gave a strong confidence to the Asian Markets like Nikkei and Indian Market. But expect the rally to be more sideways with a constant doze of volatility
________________________________________________
Percentage above support
Percentage above support is still below 50% (today it is 7%) so we recommend that no delivery should be bought at current levels.
__________________________________________________________________
Strong Futures
This is list of 10 Strong Futures: Mphasis, Dr.reddy, Hind uni lvr, Tvs motor, Gtl, Bob, Satyam & Syndicate bk.
Weak Futures
This is the list of 10 Weak Futures: Nagarjuna constr, Patel eng, Welspun, Aptech, S kumar, Jsw steel, Sterlite technol, Baja hind, IVR prime & NDTV.
_____________________________________________
Disclaimer: crnindia.com does not warrant or make any representations regarding the use or the results of the use of the materials in this site or other sources in terms of their correctness, accuracy, reliability, profit, or otherwise. crnindia.com does not guarantee the accuracy or completeness of any information and is not responsible for any omissions. crnindia.com clearly states that it has no financial liability whatsoever to any user on account of the use of information provided on the website or email.
____________________ _____________________________________________
Monday, October 20, 2008
Outlook for 21st October 2008
Daily trend of the market is down.
RBI’s decision to reduce the repo rate by 1% brought a temporarily relief to the market but the higher levels could not sustain due to profit booking. Overall the market is in a sideways consolidation zone. We can only wait for the market to come out of its sideways zone.
__________________________________________________________________
Percentage above support
Percentage above support is still below 50% (today it is 5%) so we recommend that no delivery should be bought at current levels.
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Strong Futures
This is list of 10 Strong Futures: Indian Bk, Ubi, Hpcl, Boi, Tvs Motor Com., Bob, Ioc, Gtl, Pnb & Bpcl
Weak Futures
This is the list of 10 Weak Futures: Bom Dyein, Wel Guj, Peninland, Aptech, IndiaInfo, Suzlon, Nagarconst, IvrPrime,Bajajhind & Ndtv.
_____________________________________________
Disclaimer: crnindia.com does not warrant or make any representations regarding the use or the results of the use of the materials in this site or other sources in terms of their correctness, accuracy, reliability, profit, or otherwise. crnindia.com does not guarantee the accuracy or completeness of any information and is not responsible for any omissions. crnindia.com clearly states that it has no financial liability whatsoever to any user on account of the use of information provided on the website or email.
_________________________________________________________________
RBI’s decision to reduce the repo rate by 1% brought a temporarily relief to the market but the higher levels could not sustain due to profit booking. Overall the market is in a sideways consolidation zone. We can only wait for the market to come out of its sideways zone.
__________________________________________________________________
Percentage above support
Percentage above support is still below 50% (today it is 5%) so we recommend that no delivery should be bought at current levels.
__________________________________________________________________
Strong Futures
This is list of 10 Strong Futures: Indian Bk, Ubi, Hpcl, Boi, Tvs Motor Com., Bob, Ioc, Gtl, Pnb & Bpcl
Weak Futures
This is the list of 10 Weak Futures: Bom Dyein, Wel Guj, Peninland, Aptech, IndiaInfo, Suzlon, Nagarconst, IvrPrime,Bajajhind & Ndtv.
_____________________________________________
Disclaimer: crnindia.com does not warrant or make any representations regarding the use or the results of the use of the materials in this site or other sources in terms of their correctness, accuracy, reliability, profit, or otherwise. crnindia.com does not guarantee the accuracy or completeness of any information and is not responsible for any omissions. crnindia.com clearly states that it has no financial liability whatsoever to any user on account of the use of information provided on the website or email.
_________________________________________________________________
Sunday, October 19, 2008
Outlook for 20th October 2008
Daily trend of the market is down.
Overall world markets are still not showing any sign of bottoming out. Our market is now becoming heavily oversold, and in such oversold markets a very strong rally upside is expected
A decisive closing above 3600 Nifty level will be a signal for a short term rally.
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Percentage above support
Percentage above support is still below 50% (today it is 4%) so we recommend that no delivery should be bought at current levels.
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Strong Futures
This is list of 10 Strong Futures: Boi, Hind petro, Ioc, Gtl, Bahrat petro, Ubi, Obc, Pnb, Bob & Allahabad bk.
Weak Futures
This is the list of 10 Weak Futures: Suzlon energy, Rel. capital, Essar Oil, IVR Prime Urban, Bajaj Hind, JSW Steel limit, Educomp solution, Ivrcl infrrast, Nagarjuna constr & Ndtv Ltd.
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Disclaimer: crnindia.com does not warrant or make any representations regarding the use or the results of the use of the materials in this site or other sources in terms of their correctness, accuracy, reliability, profit, or otherwise. crnindia.com does not guarantee the accuracy or completeness of any information and is not responsible for any omissions. crnindia.com clearly states that it has no financial liability whatsoever to any user on account of the use of information provided on the website or email.
_________________________________________________________________
Overall world markets are still not showing any sign of bottoming out. Our market is now becoming heavily oversold, and in such oversold markets a very strong rally upside is expected
A decisive closing above 3600 Nifty level will be a signal for a short term rally.
__________________________________________________________________
Percentage above support
Percentage above support is still below 50% (today it is 4%) so we recommend that no delivery should be bought at current levels.
__________________________________________________________________
Strong Futures
This is list of 10 Strong Futures: Boi, Hind petro, Ioc, Gtl, Bahrat petro, Ubi, Obc, Pnb, Bob & Allahabad bk.
Weak Futures
This is the list of 10 Weak Futures: Suzlon energy, Rel. capital, Essar Oil, IVR Prime Urban, Bajaj Hind, JSW Steel limit, Educomp solution, Ivrcl infrrast, Nagarjuna constr & Ndtv Ltd.
_____________________________________________
Disclaimer: crnindia.com does not warrant or make any representations regarding the use or the results of the use of the materials in this site or other sources in terms of their correctness, accuracy, reliability, profit, or otherwise. crnindia.com does not guarantee the accuracy or completeness of any information and is not responsible for any omissions. crnindia.com clearly states that it has no financial liability whatsoever to any user on account of the use of information provided on the website or email.
_________________________________________________________________
Saturday, October 18, 2008
Thursday, October 16, 2008
Outlook for 17th October 2008
Watch our Analyst (Neera Jain) discuss various stocks at CNBC Awaaz on 17th Oct between 11.00 am till 12 noon on Programme Sauda Aapka..
Daily trend of the market is down.
Technically the markets are showing first signs of bottoming, though it will be take some time for this to happen. Today Indian Markets after opening sharpely down, started an upward rally but a normal profit booking at higher levels again brought the market down. Overall world markets are in sideways consolidation zone.
It has to be seen how Dow closes today. If dow closes strong then the much expected rally in our markets will be seen on Friday. A decisive closing above 3600 Nifty level will be a signal for a short term rally.
__________________________________________________________________
Percentage above support
Percentage above support is still below 50% (today it is 7%) so we recommend that no delivery should be bought at current levels.
__________________________________________________________________
Strong Futures
This is list of 10 Strong Futures: Ubi, Bob, Sbi, Bob, Gtl, Pnb, Obc, India overseas, Hind petrol & Bharat petro
Weak Futures
This is the list of 10 Weak Futures: Niit, Welspun guj. st., Suzlon energy, IVR prime, Ivrcl, Bajaj hind, Jsw steel, Ndtv & Nagarjuna constr
_____________________________________________
Disclaimer: crnindia.com does not warrant or make any representations regarding the use or the results of the use of the materials in this site or other sources in terms of their correctness, accuracy, reliability, profit, or otherwise. crnindia.com does not guarantee the accuracy or completeness of any information and is not responsible for any omissions. crnindia.com clearly states that it has no financial liability whatsoever to any user on account of the use of information provided on the website or email.
_________________________________________________________________
Daily trend of the market is down.
Technically the markets are showing first signs of bottoming, though it will be take some time for this to happen. Today Indian Markets after opening sharpely down, started an upward rally but a normal profit booking at higher levels again brought the market down. Overall world markets are in sideways consolidation zone.
It has to be seen how Dow closes today. If dow closes strong then the much expected rally in our markets will be seen on Friday. A decisive closing above 3600 Nifty level will be a signal for a short term rally.
__________________________________________________________________
Percentage above support
Percentage above support is still below 50% (today it is 7%) so we recommend that no delivery should be bought at current levels.
__________________________________________________________________
Strong Futures
This is list of 10 Strong Futures: Ubi, Bob, Sbi, Bob, Gtl, Pnb, Obc, India overseas, Hind petrol & Bharat petro
Weak Futures
This is the list of 10 Weak Futures: Niit, Welspun guj. st., Suzlon energy, IVR prime, Ivrcl, Bajaj hind, Jsw steel, Ndtv & Nagarjuna constr
_____________________________________________
Disclaimer: crnindia.com does not warrant or make any representations regarding the use or the results of the use of the materials in this site or other sources in terms of their correctness, accuracy, reliability, profit, or otherwise. crnindia.com does not guarantee the accuracy or completeness of any information and is not responsible for any omissions. crnindia.com clearly states that it has no financial liability whatsoever to any user on account of the use of information provided on the website or email.
_________________________________________________________________
Wednesday, October 15, 2008
Outlook for 16th October 2008
Daily trend of the market is down.
Overall world markets are in sideways consolidation zone. The positive part is that Dow and S & P 500 have bounced 20% from their lows which shows that they are trying to form bottoms technically, though it will be too early to say as fundamental scenario is still not that good. The Indian Markets today tanked without any much reason. A decisive closing above 3600 Nifty level will be a signal for a small rally.
__________________________________________________________________
Percentage above support
Percentage above support is still below 50% (today it is 4%) so we recommend that no delivery should be bought at current levels.
__________________________________________________________________
Strong Futures
This is list of 10 Strong Futures: Mosear baer, Boi, Ubi, Obc, Bob, Maruti, Glt ltd, Sbi, pnb & J&k bk.
Weak Futures
This is the list of 10 Weak Futures: Ivrcl, Ndtv, Aptech, Ivr prime, Niit, Wel guj, Aban, Bajaj hind, Jindal Steel & Nagar const
_____________________________________________
Disclaimer: crnindia.com does not warrant or make any representations regarding the use or the results of the use of the materials in this site or other sources in terms of their correctness, accuracy, reliability, profit, or otherwise. crnindia.com does not guarantee the accuracy or completeness of any information and is not responsible for any omissions. crnindia.com clearly states that it has no financial liability whatsoever to any user on account of the use of information provided on the website or email.
_________________________________________________________________
Overall world markets are in sideways consolidation zone. The positive part is that Dow and S & P 500 have bounced 20% from their lows which shows that they are trying to form bottoms technically, though it will be too early to say as fundamental scenario is still not that good. The Indian Markets today tanked without any much reason. A decisive closing above 3600 Nifty level will be a signal for a small rally.
__________________________________________________________________
Percentage above support
Percentage above support is still below 50% (today it is 4%) so we recommend that no delivery should be bought at current levels.
__________________________________________________________________
Strong Futures
This is list of 10 Strong Futures: Mosear baer, Boi, Ubi, Obc, Bob, Maruti, Glt ltd, Sbi, pnb & J&k bk.
Weak Futures
This is the list of 10 Weak Futures: Ivrcl, Ndtv, Aptech, Ivr prime, Niit, Wel guj, Aban, Bajaj hind, Jindal Steel & Nagar const
_____________________________________________
Disclaimer: crnindia.com does not warrant or make any representations regarding the use or the results of the use of the materials in this site or other sources in terms of their correctness, accuracy, reliability, profit, or otherwise. crnindia.com does not guarantee the accuracy or completeness of any information and is not responsible for any omissions. crnindia.com clearly states that it has no financial liability whatsoever to any user on account of the use of information provided on the website or email.
_________________________________________________________________
Tuesday, October 14, 2008
Outlook for 15th October 2008
Daily trend of the market is down.
Dow closing 11% higher yesterday which is probably its highest rise in last 50 years and Nikkei going up by more than 14% in a single day which is its largest rally ever. This goes to show that markets worldwide are trying to form a bottom, but bottoms are not made in one day and they take time. Our Indian stock Market today did not close very well and remained in sideways consolidation. Overall an upward rally is expected once the global scenario stabilizes
__________________________________________________________________
Percentage above support
Percentage above support is still below 50% (today it is 5%) so we recommend that no delivery should be bought at current levels.
__________________________________________________________________
Strong Futures
This is list of 10 Strong Futures: Mosear baer, Boi, Ubi, Obc, Bob, Maruti, Glt ltd, Sbi, pnb & J&k bk.
Weak Futures
This is the list of 10 Weak Futures: Aban, Jsw steel, Bombay dyein, Peninsula, Niit, Ivr prime urban, Welspun guj st., Bajaj hind, India infoline & Nagarjuna constr..
_____________________________________________
Disclaimer: crnindia.com does not warrant or make any representations regarding the use or the results of the use of the materials in this site or other sources in terms of their correctness, accuracy, reliability, profit, or otherwise. crnindia.com does not guarantee the accuracy or completeness of any information and is not responsible for any omissions. crnindia.com clearly states that it has no financial liability whatsoever to any user on account of the use of information provided on the website or email.
__________________________________________________________________
Dow closing 11% higher yesterday which is probably its highest rise in last 50 years and Nikkei going up by more than 14% in a single day which is its largest rally ever. This goes to show that markets worldwide are trying to form a bottom, but bottoms are not made in one day and they take time. Our Indian stock Market today did not close very well and remained in sideways consolidation. Overall an upward rally is expected once the global scenario stabilizes
__________________________________________________________________
Percentage above support
Percentage above support is still below 50% (today it is 5%) so we recommend that no delivery should be bought at current levels.
__________________________________________________________________
Strong Futures
This is list of 10 Strong Futures: Mosear baer, Boi, Ubi, Obc, Bob, Maruti, Glt ltd, Sbi, pnb & J&k bk.
Weak Futures
This is the list of 10 Weak Futures: Aban, Jsw steel, Bombay dyein, Peninsula, Niit, Ivr prime urban, Welspun guj st., Bajaj hind, India infoline & Nagarjuna constr..
_____________________________________________
Disclaimer: crnindia.com does not warrant or make any representations regarding the use or the results of the use of the materials in this site or other sources in terms of their correctness, accuracy, reliability, profit, or otherwise. crnindia.com does not guarantee the accuracy or completeness of any information and is not responsible for any omissions. crnindia.com clearly states that it has no financial liability whatsoever to any user on account of the use of information provided on the website or email.
__________________________________________________________________
Outlook for 15th October 2008
Daily trend of the market is down.
Dow closing 11% higher yesterday which is probably its highest rise in last 50 years and Nikkei going up by more than 14% in a single day which is its largest rally ever. This goes to show that markets worldwide are trying to form a bottom, but bottoms are not made in one day and they take time. Our Indian stock Market today did not close very well and remained in sideways consolidation. Overall an upward rally is expected once the global scenario stabilizes
__________________________________________________________________
Percentage above support
Percentage above support is still below 50% (today it is 5%) so we recommend that no delivery should be bought at current levels.
__________________________________________________________________
Strong Futures
This is list of 10 Strong Futures: Mosear baer, Boi, Ubi, Obc, Bob, Maruti, Glt ltd, Sbi, pnb & J&k bk.
Weak Futures
This is the list of 10 Weak Futures: Aban, Jsw steel, Bombay dyein, Peninsula, Niit, Ivr prime urban, Welspun guj st., Bajaj hind, India infoline & Nagarjuna constr..
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Disclaimer: crnindia.com does not warrant or make any representations regarding the use or the results of the use of the materials in this site or other sources in terms of their correctness, accuracy, reliability, profit, or otherwise. crnindia.com does not guarantee the accuracy or completeness of any information and is not responsible for any omissions. crnindia.com clearly states that it has no financial liability whatsoever to any user on account of the use of information provided on the website or email.
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Dow closing 11% higher yesterday which is probably its highest rise in last 50 years and Nikkei going up by more than 14% in a single day which is its largest rally ever. This goes to show that markets worldwide are trying to form a bottom, but bottoms are not made in one day and they take time. Our Indian stock Market today did not close very well and remained in sideways consolidation. Overall an upward rally is expected once the global scenario stabilizes
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Percentage above support
Percentage above support is still below 50% (today it is 5%) so we recommend that no delivery should be bought at current levels.
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Strong Futures
This is list of 10 Strong Futures: Mosear baer, Boi, Ubi, Obc, Bob, Maruti, Glt ltd, Sbi, pnb & J&k bk.
Weak Futures
This is the list of 10 Weak Futures: Aban, Jsw steel, Bombay dyein, Peninsula, Niit, Ivr prime urban, Welspun guj st., Bajaj hind, India infoline & Nagarjuna constr..
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Disclaimer: crnindia.com does not warrant or make any representations regarding the use or the results of the use of the materials in this site or other sources in terms of their correctness, accuracy, reliability, profit, or otherwise. crnindia.com does not guarantee the accuracy or completeness of any information and is not responsible for any omissions. crnindia.com clearly states that it has no financial liability whatsoever to any user on account of the use of information provided on the website or email.
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Monday, October 13, 2008
Outlook for 14th October 2008
Don’t forget to watch your Analyst (Ms Neera Jain) tomorrow, 14th October on NDTV Profit at 11.30 till 12 noon.
Daily trend of the market is down.
Dow and Nasdaq Futures in the positive, the Asian Market started their day in positive and the FM speech also gave confidence to the Indian Markets to take a sharp rally and close near their highs. The European Markets were also trading near their highs and the Dow and nasdaq Futures were more than 4.5 % up when the Indian Markets closed.
On the Candlestick Chart which are seen for the short term movements, the Sensex has formed a morning star on the daily charts and Nifty has formed an engulfing bullish pattern which may probably take the markets higher
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Percentage above support
Percentage above support is still below 50% (today it is 5%) so we recommend that no delivery should be bought at current levels.
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Strong Futures
This is list of 10 Strong Futures: Mosear Baer, maruti, Bob, Sbin, Ubi, Indian bk, Bharat petro, Ntpc, Obc & Pnb.
Weak Futures
This is the list of 10 Weak Futures:Bombay Dyein, India infoline, Aban, Peninsula land, Nagarjuna Constr, HDIL, Ivr prime,Welspun Guj St, Bajaj Hind & Niit.
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Disclaimer: crnindia.com does not warrant or make any representations regarding the use or the results of the use of the materials in this site or other sources in terms of their correctness, accuracy, reliability, profit, or otherwise. crnindia.com does not guarantee the accuracy or completeness of any information and is not responsible for any omissions. crnindia.com clearly states that it has no financial liability whatsoever to any user on account of the use of information provided on the website or email.
__________________________________________________________________
Daily trend of the market is down.
Dow and Nasdaq Futures in the positive, the Asian Market started their day in positive and the FM speech also gave confidence to the Indian Markets to take a sharp rally and close near their highs. The European Markets were also trading near their highs and the Dow and nasdaq Futures were more than 4.5 % up when the Indian Markets closed.
On the Candlestick Chart which are seen for the short term movements, the Sensex has formed a morning star on the daily charts and Nifty has formed an engulfing bullish pattern which may probably take the markets higher
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Percentage above support
Percentage above support is still below 50% (today it is 5%) so we recommend that no delivery should be bought at current levels.
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Strong Futures
This is list of 10 Strong Futures: Mosear Baer, maruti, Bob, Sbin, Ubi, Indian bk, Bharat petro, Ntpc, Obc & Pnb.
Weak Futures
This is the list of 10 Weak Futures:Bombay Dyein, India infoline, Aban, Peninsula land, Nagarjuna Constr, HDIL, Ivr prime,Welspun Guj St, Bajaj Hind & Niit.
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Disclaimer: crnindia.com does not warrant or make any representations regarding the use or the results of the use of the materials in this site or other sources in terms of their correctness, accuracy, reliability, profit, or otherwise. crnindia.com does not guarantee the accuracy or completeness of any information and is not responsible for any omissions. crnindia.com clearly states that it has no financial liability whatsoever to any user on account of the use of information provided on the website or email.
__________________________________________________________________
Sunday, October 12, 2008
Outlook for Monday the 13th October 2008
Daily trend of the market is down.
Trend of the world markets still remains down though it seems that the downward movement should reduce and some bargain buying may emerge at lower levels as most of world markets have fallen by more than 50%. Base metals like copper,zinc, Nickel are not showing any sign of rally which shows that industrial activity is not picking up. Even Gold which was taking a good rally against the trend of US Dollar (US Dollar Index and Gold are inversely proportional meaning that when Dollar Index goes up,Gold goes down). The daily trend of Indian Stock Market came in downtrend on 11th Septmeber when Nifty closed at 4287.95 (http://www.crnindia.com/daily.html). We still maintain that the trend is down and one should wait before taking any aggressive buy positions
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Percentage above support
Percentage above support is still below 50% (today it is 2%) so we recommend that no delivery should be bought at current levels.
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Strong Futures
This is list of 10 Strong Futures: Ntpc, Ubi, Indian bk, Obc, Maruti, Power Gride, Bpcl, Hero honda, Sterling Biotech & Colgate Palmoliv
Weak Futures
ThisSeptem is the list of 10 Weak Futures: Kpit, Welspun Guj st, Suzlon energy, Ivr prime urban, Bomvay Dyein, Nagarjuna Constr, Bajaj hind, Hdil & S Kumar.
Trend of the world markets still remains down though it seems that the downward movement should reduce and some bargain buying may emerge at lower levels as most of world markets have fallen by more than 50%. Base metals like copper,zinc, Nickel are not showing any sign of rally which shows that industrial activity is not picking up. Even Gold which was taking a good rally against the trend of US Dollar (US Dollar Index and Gold are inversely proportional meaning that when Dollar Index goes up,Gold goes down). The daily trend of Indian Stock Market came in downtrend on 11th Septmeber when Nifty closed at 4287.95 (http://www.crnindia.com/daily.html). We still maintain that the trend is down and one should wait before taking any aggressive buy positions
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Percentage above support
Percentage above support is still below 50% (today it is 2%) so we recommend that no delivery should be bought at current levels.
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Strong Futures
This is list of 10 Strong Futures: Ntpc, Ubi, Indian bk, Obc, Maruti, Power Gride, Bpcl, Hero honda, Sterling Biotech & Colgate Palmoliv
Weak Futures
ThisSeptem is the list of 10 Weak Futures: Kpit, Welspun Guj st, Suzlon energy, Ivr prime urban, Bomvay Dyein, Nagarjuna Constr, Bajaj hind, Hdil & S Kumar.
Thursday, October 09, 2008
Outlook for Friday, 10th October 2008
Daily trend of the market is down.
The global markets tanked as usual because the overall trend of the world markets is down, which we have been repeatedly mentioning and it is foolish to go against the trend. Though at times one does get profits when there is a counterrally. The credit crises in most of the countries is still far from over and it seems fundamentally that it might take another 4 to 6 months for the problems to be over, but a contrarion silver lining might be that majority of the analyst are bearlish and when majority is bearish, then the markets tend to give a rally.
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Percentage above support
Percentage above support is still below 50% (today it is 3%) so we recommend that no delivery should be bought at current levels.
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Strong Futures
This is list of 10 Strong Futures:Hero Honda, Maruti,UBI, NTPC,PNB, Indian bk, National Alumini, Glaxo, Power grid & Sterling biotech.
Weak Futures
This is the list of 10 Weak Futures: Ivr prime, Sobha, 3IInfotech, NIIT, Aban, Bom Dyeing, HDIL, Jsw Steel & S kumar.
The global markets tanked as usual because the overall trend of the world markets is down, which we have been repeatedly mentioning and it is foolish to go against the trend. Though at times one does get profits when there is a counterrally. The credit crises in most of the countries is still far from over and it seems fundamentally that it might take another 4 to 6 months for the problems to be over, but a contrarion silver lining might be that majority of the analyst are bearlish and when majority is bearish, then the markets tend to give a rally.
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Percentage above support
Percentage above support is still below 50% (today it is 3%) so we recommend that no delivery should be bought at current levels.
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Strong Futures
This is list of 10 Strong Futures:Hero Honda, Maruti,UBI, NTPC,PNB, Indian bk, National Alumini, Glaxo, Power grid & Sterling biotech.
Weak Futures
This is the list of 10 Weak Futures: Ivr prime, Sobha, 3IInfotech, NIIT, Aban, Bom Dyeing, HDIL, Jsw Steel & S kumar.
Tuesday, October 07, 2008
Outlook for 8th October 2008
Daily trend of the market is down.
The problem of Europe especially Iceland kept the markets down in Europe, which resulted in Indian Stock Market to remain under pressure and thereby not reacting to the positive steps like CRR reduction and P Notes relaxation. Markets are expected to remain sideways and consolidate for some time before they take their next direction. Overall trend of the World Stock Markets is down though a counter rally cannot be ruled out. Gold remains bullish and even crude is taking a counter rally. If Dollar Index reacts from 80-81 levels then a further rally in Gold and Oil is expected
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Percentage above support
Percentage above support is still below 50% (today it is 4%) so we recommend that no delivery should be bought at current levels.
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Strong Futures
This is list of 10 Strong Futures:BPCL,Tvs Motor, Hero Honda,Union Bank, Moser Baer,PNB,Ntpc Ltd,Lupin, BOI,Hindustan Unilev.
Weak Futures
This is the list of 10 Weak Futures: Larsen & Toubro, Niit Limited, JSW Steel, S Kumars,Bombay Dyein, HDIL,Aptech Training,Sobha,3I infotech ,STERLITE
The problem of Europe especially Iceland kept the markets down in Europe, which resulted in Indian Stock Market to remain under pressure and thereby not reacting to the positive steps like CRR reduction and P Notes relaxation. Markets are expected to remain sideways and consolidate for some time before they take their next direction. Overall trend of the World Stock Markets is down though a counter rally cannot be ruled out. Gold remains bullish and even crude is taking a counter rally. If Dollar Index reacts from 80-81 levels then a further rally in Gold and Oil is expected
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Percentage above support
Percentage above support is still below 50% (today it is 4%) so we recommend that no delivery should be bought at current levels.
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Strong Futures
This is list of 10 Strong Futures:BPCL,Tvs Motor, Hero Honda,Union Bank, Moser Baer,PNB,Ntpc Ltd,Lupin, BOI,Hindustan Unilev.
Weak Futures
This is the list of 10 Weak Futures: Larsen & Toubro, Niit Limited, JSW Steel, S Kumars,Bombay Dyein, HDIL,Aptech Training,Sobha,3I infotech ,STERLITE
Monday, October 06, 2008
Outlook for 7th October 2008
Daily trend of the market is down.
Inspite of market falling today,three positive things have emerged.Firstly the falling of market upto 3600 levels which is a 50% retracement of the previous rally.Secondly SEBI allowing the Participatory notes to be issued after removing the restriction of 40% and thirdly there has been CRR cut today, so we expect the markets can go up tomorrow on tuesday provided the asian markets are also positive.
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Percentage above support
Percentage above support is still below 50% (today it is 3%) so we recommend that no delivery should be bought at current levels.
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Strong Futuers
This is list of 10 Strong Futures: Bpcl, BPCL, TVS Motors, HPCL, Hero Honda, Lupin, UBI, Hindustan Uni, PNB, Mosear Bear & Indian Bk
Weak Futures
This is the list of 10 Weak Futures:Rajesh Ex., 3I infotech, Praj Inndustr, NIIT, Aptech Training, HDCL, Sterlite Tech, JSW Steel, S Kumar & LT
Inspite of market falling today,three positive things have emerged.Firstly the falling of market upto 3600 levels which is a 50% retracement of the previous rally.Secondly SEBI allowing the Participatory notes to be issued after removing the restriction of 40% and thirdly there has been CRR cut today, so we expect the markets can go up tomorrow on tuesday provided the asian markets are also positive.
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Percentage above support
Percentage above support is still below 50% (today it is 3%) so we recommend that no delivery should be bought at current levels.
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Strong Futuers
This is list of 10 Strong Futures: Bpcl, BPCL, TVS Motors, HPCL, Hero Honda, Lupin, UBI, Hindustan Uni, PNB, Mosear Bear & Indian Bk
Weak Futures
This is the list of 10 Weak Futures:Rajesh Ex., 3I infotech, Praj Inndustr, NIIT, Aptech Training, HDCL, Sterlite Tech, JSW Steel, S Kumar & LT
Sunday, October 05, 2008
Outlook for Monday the 6th October 2008
Daily trend of the market is down.
The passing of US 700 bn dollar bail out could not bring the US markts up on Friday,so it is expected that the Indian Market also might also open weak on Monday and the next movement will be determined by the Asian Market. Overall trend of the world markets is down.
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Percentage above support
Percentage above support is still below 50% (today it is 7%) so we recommend that no delivery should be bought at current levels
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Strong Futuers
This is list of 10 Strong Futures: Bpcl, Tvs motor, hero Honda, Lupin, Hind petro, Hin uni lvr, Acc, Boi, Hdfc & Sun Pharma
Weak Futures
This is the list of 10 Weak Futures: Kpit, sobha, Hdil, Rajesh Exports, Niit, Skumar, Jsw steel, Aptech training & Bajaj Hind.
The passing of US 700 bn dollar bail out could not bring the US markts up on Friday,so it is expected that the Indian Market also might also open weak on Monday and the next movement will be determined by the Asian Market. Overall trend of the world markets is down.
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Percentage above support
Percentage above support is still below 50% (today it is 7%) so we recommend that no delivery should be bought at current levels
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Strong Futuers
This is list of 10 Strong Futures: Bpcl, Tvs motor, hero Honda, Lupin, Hind petro, Hin uni lvr, Acc, Boi, Hdfc & Sun Pharma
Weak Futures
This is the list of 10 Weak Futures: Kpit, sobha, Hdil, Rajesh Exports, Niit, Skumar, Jsw steel, Aptech training & Bajaj Hind.
Thursday, October 02, 2008
Outlook for 3rd October 2008
Daily trend of the market is down.
Senate has passed the 700 bn dollar package and now it has to be passed by the house of Representative. The Asian markets are not really reacting to it. Let us only hope that once it is totally passed then the best case scenerio will be that the markets might stop falling. At current levels markets are overall bearish. Overall trend of the world markets is still down.
Till Nifty spot does not close above 4300 levels, we are not very hopeful for the market to take a big rally
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Percentage above support
Percentage above support is still below 50% (today it is 13%) so we recommend that no delivery should be bought at current levels
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Strong Futures
This is list of 10 Strong Futures: TVS Motors, BPCL, Indian Bk, BOB, Axis Bk, ACC, Hero Honda, Lupin , Hind Petro & HDFC
Weak Futures
This is the list of 10 Weak Futures: IVR Prime, NIIT, Aptech training, Sterlite technol, Rajesh Exports, JSW Steel ltd., Kpit, HDIL, Ranbaxy & S Kumars .
Senate has passed the 700 bn dollar package and now it has to be passed by the house of Representative. The Asian markets are not really reacting to it. Let us only hope that once it is totally passed then the best case scenerio will be that the markets might stop falling. At current levels markets are overall bearish. Overall trend of the world markets is still down.
Till Nifty spot does not close above 4300 levels, we are not very hopeful for the market to take a big rally
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Percentage above support
Percentage above support is still below 50% (today it is 13%) so we recommend that no delivery should be bought at current levels
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Strong Futures
This is list of 10 Strong Futures: TVS Motors, BPCL, Indian Bk, BOB, Axis Bk, ACC, Hero Honda, Lupin , Hind Petro & HDFC
Weak Futures
This is the list of 10 Weak Futures: IVR Prime, NIIT, Aptech training, Sterlite technol, Rajesh Exports, JSW Steel ltd., Kpit, HDIL, Ranbaxy & S Kumars .
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