Near to Bottom : Market is near to bottom , so buying at these level is sweet cherry.Nifty has a big support at 4332 and 4228.Market from here now try to move upwards.But it will take own sweet time to come again at those level of 4800.
Worry : Infact July may be good week for market.Crude , Inflation , US recession were biggest worry for world economy.But 2008 may not be too bad for equity as it look like.Second half of the year will be good .
Quarter Numbers : July is start of quarter first number of companies.We hope these number will be good.So july bring som short of recovery in market.
Time to Buy : For Investors it is good time to buy bluechips shares.
Shares to suggest : Ispat, TTML, Reliance industries, reliance Communication,airtel.
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Showing posts with label market Predictions. Show all posts
Showing posts with label market Predictions. Show all posts
Saturday, June 21, 2008
Monday, October 1, 2007
Market on Monday
1 st October , Start of new month , Will market open trend will Continue , this Month May create some new high in indian market,Lot of things have to come .This is Month of banking shares,SBI, HDFC , ICICI are good to buy..
Nifty is at all time high, next resistance will be at 5050.Market may be strong on monday.But be careful for volatility specially for day traders.
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Nifty is at all time high, next resistance will be at 5050.Market may be strong on monday.But be careful for volatility specially for day traders.
Thursday, September 27, 2007
Market on Friday-Prediction and Analysis
Market is All time High Level, Touch 5000 target, Great Achievment .Market may Now take a Correction-as 80% broker said that market may go to Some sort of correction now.
Raging bulls on their way - 5000 conquered on the Nifty and a 17,000 close above that on the Sensex. Could we have asked for more? Not in today’s session. In one session, we have been given all the good news that we can possibly digest. We’ve closed bang on 5,000 in today’s session. We scored that level in early part of trade, then just moved off a wee bit, but then there was a surge that came by at the end, giving us a gain of almost 60 points on the Nifty, over 1% up.
For the Sensex, it was again a close above the 17K mark, 17,150 and we did it in style. A double century coming in with 229 scored on that index. There were cues that were supporting us right from the start of trade today. All the Asian markets were well in the green, the US markets closed up well. So, there was definitely momentum playing in our favour and more importantly sentiment across the globe was also very bullish and that clearly helped us in trade today.
If we take a look at the broader markets, there was not so much excitement by way of outperformance. Remember these are the markets that really showed a lot of strength in the early part of the month. But in today’s session, we saw most of the midcaps and small caps as well as the Nifty Junior cool off and close rather flat. The advance-decline ratio gave out the picture quite perfectly. The disappointing aspect in today’s session was the fact that we closed in a record-breaking manner for the benchmark indices, but could not quite maintain that performance in the broader markets and closed with a negative market breadth.
On the F&O side, very healthy turnover, record turnover, 65% rollovers seen. That is a smooth rollover for a heavy series like that with almost 65 lakh shares added in open interest. We are talking about turnover. Rs 1 lakh crore + traded on a day-on-day basis for the better part of the week and in today’s session, Rs 1,14,000 crore traded with Rs 20,000 crore coming in from the cash market and a record for the F&O segment Rs 86,000 crore done there.
Sectorally, there were four themes that really played out quite extensively in today’s session, metals, IT, banks and of course autos. We had the realty index also making some gains, but that was clearly not as substantial to the way IT and metals moved.
The big mover first, ONGC, 4% up at closing bell. The stock witnessed a lot of activity even on the F&O side. From the IT pack, it was clearly the bellwethers that spearheaded this rally, second day in a row and we are continuing to see buying interest in most of these main counters.
Metals also showed a surge and a strong one at that. So, we had all the metal majors close with record highs in today’s session. Banks came out and came out with strength, not just frontliners, the midcap banks as well. HDFC Bank and ICICI Bank, the private sector duo had a fairly good session in trade today. From the midcap space there were particular movers, JP Hydro, deserves special mention there and Nagarjuna Fertilisers as well as GMR Infrastructure made a special move for themselves. But the momentum boys corrected in today’s market, which is why we saw pressure in the broader segment. RNRL, RPL, most of those counters corrected and saw a bit of profit booking in today’s session.
In fact from the entire sectoral pack from the broader markets, we had the sugar sector that took a hard knock and in today’s session most of the majors lost out considerably. So, that one spot that turned sour in today’s trade. Celebration was clearly not broad-based. But nevertheless we can rejoice at the fact that we are at landmark levels for the Nifty and the Sensex. Last trading session of the week to go. It has been a record-breaking week. So, let us see how we close it out in the last session.
Nifty has now next resistance at 5040. Tommorow market may be volatile , their is a chance of big selling Pressure tommorow.
Get daily Surehsot calls only on www.niftysuretips.com @ rate of just Rs 170 per day
Raging bulls on their way - 5000 conquered on the Nifty and a 17,000 close above that on the Sensex. Could we have asked for more? Not in today’s session. In one session, we have been given all the good news that we can possibly digest. We’ve closed bang on 5,000 in today’s session. We scored that level in early part of trade, then just moved off a wee bit, but then there was a surge that came by at the end, giving us a gain of almost 60 points on the Nifty, over 1% up.
For the Sensex, it was again a close above the 17K mark, 17,150 and we did it in style. A double century coming in with 229 scored on that index. There were cues that were supporting us right from the start of trade today. All the Asian markets were well in the green, the US markets closed up well. So, there was definitely momentum playing in our favour and more importantly sentiment across the globe was also very bullish and that clearly helped us in trade today.
If we take a look at the broader markets, there was not so much excitement by way of outperformance. Remember these are the markets that really showed a lot of strength in the early part of the month. But in today’s session, we saw most of the midcaps and small caps as well as the Nifty Junior cool off and close rather flat. The advance-decline ratio gave out the picture quite perfectly. The disappointing aspect in today’s session was the fact that we closed in a record-breaking manner for the benchmark indices, but could not quite maintain that performance in the broader markets and closed with a negative market breadth.
On the F&O side, very healthy turnover, record turnover, 65% rollovers seen. That is a smooth rollover for a heavy series like that with almost 65 lakh shares added in open interest. We are talking about turnover. Rs 1 lakh crore + traded on a day-on-day basis for the better part of the week and in today’s session, Rs 1,14,000 crore traded with Rs 20,000 crore coming in from the cash market and a record for the F&O segment Rs 86,000 crore done there.
Sectorally, there were four themes that really played out quite extensively in today’s session, metals, IT, banks and of course autos. We had the realty index also making some gains, but that was clearly not as substantial to the way IT and metals moved.
The big mover first, ONGC, 4% up at closing bell. The stock witnessed a lot of activity even on the F&O side. From the IT pack, it was clearly the bellwethers that spearheaded this rally, second day in a row and we are continuing to see buying interest in most of these main counters.
Metals also showed a surge and a strong one at that. So, we had all the metal majors close with record highs in today’s session. Banks came out and came out with strength, not just frontliners, the midcap banks as well. HDFC Bank and ICICI Bank, the private sector duo had a fairly good session in trade today. From the midcap space there were particular movers, JP Hydro, deserves special mention there and Nagarjuna Fertilisers as well as GMR Infrastructure made a special move for themselves. But the momentum boys corrected in today’s market, which is why we saw pressure in the broader segment. RNRL, RPL, most of those counters corrected and saw a bit of profit booking in today’s session.
In fact from the entire sectoral pack from the broader markets, we had the sugar sector that took a hard knock and in today’s session most of the majors lost out considerably. So, that one spot that turned sour in today’s trade. Celebration was clearly not broad-based. But nevertheless we can rejoice at the fact that we are at landmark levels for the Nifty and the Sensex. Last trading session of the week to go. It has been a record-breaking week. So, let us see how we close it out in the last session.
Nifty has now next resistance at 5040. Tommorow market may be volatile , their is a chance of big selling Pressure tommorow.
Monday, September 17, 2007
Market on Tuesday ( 18-09-2007)
***World Market***
U.S. stocks dropped, following markets in Europe and Asia lower, after demand for withdrawals from British bank Northern Rock Plc caused borrowing costs to climb.
JPMorgan Chase & Co., Citigroup Inc. and American International Group Inc. led declines among financial companies. Microsoft Corp. fell after the world's largest software maker lost a European antitrust appeal, forcing the company to pay a record fine.
JPMorgan Chase & Co., Citigroup Inc. and American International Group Inc. led declines among financial companies. Microsoft Corp. fell after the world's largest software maker lost a European antitrust appeal, forcing the company to pay a record fine.
****Asia Group****
The US Fed meets tomorrow, again. This time, it’s especially crucial as the meeting holds the key to the US housing slump. All eyes are on the Fed to see how they will act, whether they will cut rates or they won’t. And if they do, how much?
The markets also closed weak today on account of some negative cues from Europe. While Indian markets mostly stayed in the green, Asian markets weren't as lucky. Europe after opening in red sliped further, FTSE was down 2% following the suit are CAC and DAX. Some of Asian markets came under pressure, Taiwan was down 1%, Kospi ended flat and Hang Seng was down over 1%.
One of the big triggers for this came from UK, where depositors queued up to withdraw money from Northern Rock despite assurances from Financial Services Authority in the UK that those deposits are safe.
The fact that people were pulling deposits suggested that the bank may face difficulties maintaining assets. If there are any tie-ups or backlogs in short-term funding, in both the lending and commercial paper markets, it could have spillover implications for other assets, and could impair earnings of banks.
Though markets across the world have discounted a 25 bps rate cut by the Fed, there is yet uncertainty over what the Fed will do, which is keeping investors edgy.
there's a possibility of the markets selling off even with a 25 bps cut, atleast for the short-term. He reasons that the stocks are the cheapest now in 6-10 years. That is why, a lot of people will not want to short in the market at this level. So, i thinks the market most probably has perhaps more upside than downside at this level.
**Market OnTuesday***
Market has a Support at Nifty 4475 and 4435 level,Ready for some correction this week.There's a possibility of the markets selling off even with a 25 bps cut, atleast for the short-term.You may see some short in market tomorrow.
Note : This correction is only Minor if market will not below 4400.
Tuesday, September 11, 2007
Market Prediction (12-09-2007)
******World Market Analysis********
US Stock rose for the first time in three days on speculation consumers will weather an economic slowdown and spur profit growth.
The U.S. trade deficit unexpectedly narrowed in July as American manufacturers shipped more machines, airplanes and automobiles overseas.
Surging exports may help cushion the U.S. economy from the impact of higher borrowing costs, weakening employment and waning consumer confidence. Boeing Co., General Electric Co. and Deere & Co are among exporters benefiting from the strongest global expansion since the 1970s and a weaker dollar.
The gap shrank 0.3 percent to $59.2 billion from a revised $59.4 billion in June that was bigger than previously estimated, the Commerce Department said today in Washington. Economists anticipated a shortfall of $59 billion. Sales to foreign buyers reached records in each of the past five months.
Strong World Cues all over globe. Making Interest in tommorow india market.
******Indian market Prediciton*********
Tuesday Market have shown some weakness .
Nifty has a Support at 4460 and 4423 and have a good resistance at 4528 and 4564.
Again i would Like to say be cautious until world market will not become cloud free from
awaiting news.Market may be volatile on wednesday but more sign of postiveness.
US Stock rose for the first time in three days on speculation consumers will weather an economic slowdown and spur profit growth.
The U.S. trade deficit unexpectedly narrowed in July as American manufacturers shipped more machines, airplanes and automobiles overseas.
Surging exports may help cushion the U.S. economy from the impact of higher borrowing costs, weakening employment and waning consumer confidence. Boeing Co., General Electric Co. and Deere & Co are among exporters benefiting from the strongest global expansion since the 1970s and a weaker dollar.
The gap shrank 0.3 percent to $59.2 billion from a revised $59.4 billion in June that was bigger than previously estimated, the Commerce Department said today in Washington. Economists anticipated a shortfall of $59 billion. Sales to foreign buyers reached records in each of the past five months.
Strong World Cues all over globe. Making Interest in tommorow india market.
******Indian market Prediciton*********
Tuesday Market have shown some weakness .
Nifty has a Support at 4460 and 4423 and have a good resistance at 4528 and 4564.
Again i would Like to say be cautious until world market will not become cloud free from
awaiting news.Market may be volatile on wednesday but more sign of postiveness.
Sunday, September 9, 2007
Market Prediction (10-09-2007)
while the surprise loss of U.S. jobs in August was ``not encouraging,'' it doesn't on its own justify lowering interest rates. We want to be careful not to overweight one piece of information.
The other district bank heads are speaking with business contacts around the country to gauge the economy's response to the rout in credit markets and the deepening housing slump. There's a lot of conflicting data out there that's going to be tricky to get through.''
The comments indicate a preference to wait until policy makers meet on Sept. 18 to sift through data and decide on rates. By contrast, some investors and economists said the drop in payrolls, the first in four years, advances the case for a reduction in borrowing costs even before the scheduled meeting.
The other district bank heads are speaking with business contacts around the country to gauge the economy's response to the rout in credit markets and the deepening housing slump. There's a lot of conflicting data out there that's going to be tricky to get through.''
The comments indicate a preference to wait until policy makers meet on Sept. 18 to sift through data and decide on rates. By contrast, some investors and economists said the drop in payrolls, the first in four years, advances the case for a reduction in borrowing costs even before the scheduled meeting.
I see a downside over the next three months where Nifty will range between 3750-4750. If we can sustain a couple of days above 4,500, we should get upto 4,640-4,650 and then probably again get into a bit of a range, while the market waits for a desired result on September 18. If the result is favourable, you would probably see an immediate breakout to new highs.
Weak Global Cues , Volatile market , Market will Nervous on Monday ,Great Chance of down.
Nifty has a Support at 4450 and second Support at 4405.Nifty has a resistance at 4552 and 4592.Market will Highly Volatile tommorow.
Wednesday, September 5, 2007
Market Prediction ( 06-09-2007 )
U.S. stocks retreated on speculation higher borrowing costs spurred by credit-market losses will hurt earnings and economic growth. Citigroup Inc., the largest U.S. bank, and JPMorgan Chase & Co., the third biggest, led financial shares lower. Lehman Brothers Holdings Inc. and Morgan Stanley declined after Citi Investment Research said the securities firms' earnings will be reduced because investors are taking fewer risks. Mattel Inc., the largest toymaker, dropped following its third recall of China-made products in five weeks.
Weak Global Que's,Indian market on Thursday may also going to dump.Unless and until one sees spot Nifty going below 4,440 it will be termed as a consolidation and it’s more of a range bound movement rather than any clear weakness.We get fresh momentum which takes it beyond 4,530, then 4,568 to about 4,590 should be there. Clear weakness will come only if you go blow 4,370 now. And unless and until that happens, the intermediate up trend remains intact. Between 4,400 and 4,530 it’s a range bound market.
Market Prediction : Market have Support at 4440 if it will break this level it will try to touch 4370 ( second Support ) .If market break 4370 level then there is a great chance of weakness.Market is range bound between 4440 and 4530.
Weak Global Que's,Indian market on Thursday may also going to dump.Unless and until one sees spot Nifty going below 4,440 it will be termed as a consolidation and it’s more of a range bound movement rather than any clear weakness.We get fresh momentum which takes it beyond 4,530, then 4,568 to about 4,590 should be there. Clear weakness will come only if you go blow 4,370 now. And unless and until that happens, the intermediate up trend remains intact. Between 4,400 and 4,530 it’s a range bound market.
Market Prediction : Market have Support at 4440 if it will break this level it will try to touch 4370 ( second Support ) .If market break 4370 level then there is a great chance of weakness.Market is range bound between 4440 and 4530.
Tuesday, September 4, 2007
Market Prediction ( 05-09-2007 )
Weak Asia Que's may Impact Indian market too,Now ready For some big volatility in market.
U.S. stocks declined before reports that may show the economic expansion is slowing, fueling concern the fallout from mortgage defaults has spread.
Market may be Highly Volatile on wednesday ,one should be ready for a dip also.Range Bound market.
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U.S. stocks declined before reports that may show the economic expansion is slowing, fueling concern the fallout from mortgage defaults has spread.
Recession Risk Rises as Consumers Feel Pain of Tighter Credit
The pain from higher borrowing costs may be spreading as consumers and businesses follow investors in shying away from risk, increasing the odds of a recession.
``While there is no basis for predicting a recession right now, the risks have surely gone up,'' says former Treasury Secretary Lawrence Summers, now a professor at Harvard University in Cambridge, Massachusetts. ``The combination of softness in the housing sector, contractions in credit, increased uncertainty and volatility, and losses in wealth make the chances significantly greater now.''
Market Prediction : Market has Support at 4435 at lower level and 4490 at higher level.Market has a resistance 4506 at upper level.Market may be Highly Volatile on wednesday ,one should be ready for a dip also.Range Bound market.
Monday, September 3, 2007
Market Prediction ( 04-09-2007 )
Big Question- Where will market on tuesday?
Market is in selling mode.Market is still in wait for move it needs a push before it touch new high.We haven't recieved any news from World market as it was closed on monday.
As i already wrote market in September always risky.As we have seen Previous years record market always in red.
The best Suggestion is be cautious and buy at Lower level.Market may be volatile in this Month .At every Upside movement we will easily see Selling Preasure.
Market On Tuesday try to dip downside have a support at 4436 . At upside it have barrier at 4497.
Point to Note : If market Break 4436 it will go down upto 4394. But if market cross 4497 it will cross 4500+.
Predictions : Market will Highly Volatile and range bound on Tuesday
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Market is in selling mode.Market is still in wait for move it needs a push before it touch new high.We haven't recieved any news from World market as it was closed on monday.
As i already wrote market in September always risky.As we have seen Previous years record market always in red.
The best Suggestion is be cautious and buy at Lower level.Market may be volatile in this Month .At every Upside movement we will easily see Selling Preasure.
Market On Tuesday try to dip downside have a support at 4436 . At upside it have barrier at 4497.
Point to Note : If market Break 4436 it will go down upto 4394. But if market cross 4497 it will cross 4500+.
Predictions : Market will Highly Volatile and range bound on Tuesday
Saturday, September 1, 2007
Market Prediction ( 03-09-2007 )
The markets look pretty comfortable and it will be important to note that as far as the mindset of the people in positions are concerned, we are back to where we started two-three months back.
Three months back when we were hovering around 4,000-4,100 there was lot of skepticism in the market, there were lot of concerns and the same thing has comeback to us. We are with trimmed down versions; as far as the portfolios are concerned, there is again a concern. People are circumspect and at every high people are offloading the position and some fresh shorts are also created in the system because we are back from 4,000-4,500. Same thing, which we witnessed last time, was around 4000-4100 and currently at 4400.
we are, maybe in for another rally and may see these highs being broken in the near future.
“But the important thing is that we have to take into stride that there are no negative political rhetorics or maybe there is no sustained global correction. Even if there is one day of correction in the global markets, I think that would be also taken into stride. What we witnessed couple of days back - decoupling led by many sectors, I feel that we are quite comfortably placed at the current juncture and it is a fair chance that we might move ahead and even break news highs. I would not be surprised.”
The trend is certainly up. But right now the current rally seems to be highly over-retraced. It is up by some 1500 points on Sensex from its recent bottom of 13,800 levels. On Nifty, it is a bottom of something 4,040. So currently a lot of frontline stocks and Index heavyweights are also highly retraced, they are far away from their recent bottoms and that is why we may expect some profit booking or some liquidation of pending long positions around 4,500 levels.
Expectations : Market will again make another bull run on Monday try to touch 4500.Be careful of profit booking at 4500 level.
See latest update before 10 AM tomorrow.....
Three months back when we were hovering around 4,000-4,100 there was lot of skepticism in the market, there were lot of concerns and the same thing has comeback to us. We are with trimmed down versions; as far as the portfolios are concerned, there is again a concern. People are circumspect and at every high people are offloading the position and some fresh shorts are also created in the system because we are back from 4,000-4,500. Same thing, which we witnessed last time, was around 4000-4100 and currently at 4400.
we are, maybe in for another rally and may see these highs being broken in the near future.
“But the important thing is that we have to take into stride that there are no negative political rhetorics or maybe there is no sustained global correction. Even if there is one day of correction in the global markets, I think that would be also taken into stride. What we witnessed couple of days back - decoupling led by many sectors, I feel that we are quite comfortably placed at the current juncture and it is a fair chance that we might move ahead and even break news highs. I would not be surprised.”
The trend is certainly up. But right now the current rally seems to be highly over-retraced. It is up by some 1500 points on Sensex from its recent bottom of 13,800 levels. On Nifty, it is a bottom of something 4,040. So currently a lot of frontline stocks and Index heavyweights are also highly retraced, they are far away from their recent bottoms and that is why we may expect some profit booking or some liquidation of pending long positions around 4,500 levels.
Expectations : Market will again make another bull run on Monday try to touch 4500.Be careful of profit booking at 4500 level.
See latest update before 10 AM tomorrow.....
Thursday, August 30, 2007
Market Prediction for 31-08-2007
Market is showing all parameters of a fresh bull run. If one looks at the Nifty, it has stayed above its 50 day exponential moving average for two consecutive trading sessions and above the 50 day simple moving average for one trading session, he said. The moving average that has been holding the Nifty throughout this bull-run for the last four years.
Now that we above 14,850 odd for the Sensex and Nifty staying above 4,350 or rather 4,367, today that is a simple moving average level for 50 day. The next target would be 4,405 and the other two targets immediately would be 4,423 and about 4,450. Unless the market falls below the 4,270-4,235, support range, he would continue to remain bullish on this market.
Market in term of Figure : Nifty next aim to touch 4450 soon.Before touch this target nifty can again retest 4350 or 4367 .so it will give you better buying opportunity at lower level.
Market will be green at the end of day.Nifty will close near 4423+.
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Now that we above 14,850 odd for the Sensex and Nifty staying above 4,350 or rather 4,367, today that is a simple moving average level for 50 day. The next target would be 4,405 and the other two targets immediately would be 4,423 and about 4,450. Unless the market falls below the 4,270-4,235, support range, he would continue to remain bullish on this market.
Market in term of Figure : Nifty next aim to touch 4450 soon.Before touch this target nifty can again retest 4350 or 4367 .so it will give you better buying opportunity at lower level.
Market will be green at the end of day.Nifty will close near 4423+.
Market Prediction for 30-08-07 ( thursday )
We already Wrote last friday on this site that 'Prediction : Market Will try to bullish next week'.See the page below.This week all days are in green.
Things are looking much better this Thursday morning. We come in with much better global cues. Yesterday, despite negative global cues, we made a fantastic pull back. The US markets have also snapped back, and Asian markets are a sea of green. Things look much cheerful this morning. Puravankara will list on the bourses today. So, today seems to be a lively session with lot of green on the screen
Get daily Surehsot calls only on www.niftysuretips.com @ rate of just Rs 170 per day
Things are looking much better this Thursday morning. We come in with much better global cues. Yesterday, despite negative global cues, we made a fantastic pull back. The US markets have also snapped back, and Asian markets are a sea of green. Things look much cheerful this morning. Puravankara will list on the bourses today. So, today seems to be a lively session with lot of green on the screen
Thursday, August 23, 2007
Market Prediction ( 24-08-2007 )
Unfortunately in our circumstances in India, markets are extremely volatile and there is certainly a sense of instability. So this is not the environment for the renewal of the uptrend that we saw. So the best option is, we can see a consolidation and of course, the downtrend can continue .
Downtrend will Continue Until we will not get any good news from Political Point of View.
More or less the shock has already gone in the entire system on 23rd Aug and probably market is aware that the disturbance is on. So only if some positive news coming in market, would look at it little bit more favorably; otherwise this impact is already given as far as the market is concerned.
The market has a very short memory. Right now, I think we are living day-to-day. So the kind of bounce you see on opening gap of 2% upward down has become kind of trigger for the market right now. Whether the market should be worried? I think you are looking at the political situation not yet impacting economic policy framework. The government hasn’t done too much in terms of the reforms that you should worry that if a new government comes the reforms will slow down. So overall I think until we get into a situation where we don’t have a government, which to my mind is somewhat unlikely any government is okay.
Prediction in Term Figure : Volatile and In downtrend market again try to touch Nifty 4050 level. But market in upper trend again able to cross Nifty 4150+.
Overall market Should be postive at the end fo the day.
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Downtrend will Continue Until we will not get any good news from Political Point of View.
More or less the shock has already gone in the entire system on 23rd Aug and probably market is aware that the disturbance is on. So only if some positive news coming in market, would look at it little bit more favorably; otherwise this impact is already given as far as the market is concerned.
The market has a very short memory. Right now, I think we are living day-to-day. So the kind of bounce you see on opening gap of 2% upward down has become kind of trigger for the market right now. Whether the market should be worried? I think you are looking at the political situation not yet impacting economic policy framework. The government hasn’t done too much in terms of the reforms that you should worry that if a new government comes the reforms will slow down. So overall I think until we get into a situation where we don’t have a government, which to my mind is somewhat unlikely any government is okay.
Prediction in Term Figure : Volatile and In downtrend market again try to touch Nifty 4050 level. But market in upper trend again able to cross Nifty 4150+.
Overall market Should be postive at the end fo the day.
Wednesday, August 22, 2007
Market Prediction ( 23-08-2007 )
Market Today
Market is still Uncertain but Look Positive Ahead.It has Cross one level of investment near Nifty 4153.Now market is ready for Another Move.
U.S. stocks climbed for a fifth day on speculation the Federal Reserve's actions to stem a liquidity crisis will lead to a pickup in takeovers.
Global market are Bullish. Indian market also try to catch next level toward 4200+.
Stock For Investment :
Market is still Uncertain but Look Positive Ahead.It has Cross one level of investment near Nifty 4153.Now market is ready for Another Move.
U.S. stocks climbed for a fifth day on speculation the Federal Reserve's actions to stem a liquidity crisis will lead to a pickup in takeovers.
MGM Mirage, the world's second-largest casino company, posted its biggest gain in three months after Dubai agreed to buy a stake in the company. Nymex Holdings Inc. climbed after its chairman said the world's largest energy exchange may be bought.
Global market are Bullish. Indian market also try to catch next level toward 4200+.
Stock For Investment :
Investors should be ready to buy infrastructure and telecom stocks on a further downside. He said he expected an eventual fall in the dollar versus the rupee to affect margins of IT companies though volumes will remain strong.
“Market valuations are not expensive any more. It’s time to get into secular high growth stocks and get out of low quality stocks,” .
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