05-12-2014 FRIDAY:
GLOBAL MOVES: The ECB
move dampened the European markets, DAX rose from a low of 8600 to 10000, uninterruptedly,
now took a knock of 120+ points and other European markets are also in RED. The
cascading effect can be seen in other markets.
CURRENT TREND: The
Indian markets are in serious Bull Grip and BULL FEVER is at its HIGH. The
negative news can trigger some down-ward push can get support at 8350 level
FUTURE TREND: The Sell
on Rise the best policy that can be adopted.
INDIAN STOCK MOVES: The bank
Nifty is in better shape can see some unwinding as the additions are very
limited in these 2-3 days of upmove.
INDIA’s CURRENT TREND: The BUY
on Declines can be avoided
INDIA’s FUTURE TREND: Sell on
Rise is appropriate polocy
Sector View: The
Mid-Cap out performance will continue, the PSU banks may take some halt.
Stocks to Observe: Yesbank,
Axis, SBI and PSU Banks, Auto sector for correction, ONGC and RIL, NMDC and
SSLT for bounce
FUTURES & OPTIONS:
SHORT BUILDING: Dr,Reddy,;
Bharati shorts slightly covered but still not worth buying.
LONG UNWINDING: Nifty,
Bank Nifty may start tomorrow, HUL &ITC rising and unwinding be careful!
POSITION BUILDING: Bank of
India, RelCapital, Tata Steel and SSLT
NEWS IMPACT: ECB
decision not to charge the monitory policy may push indices down to 8300 level
and Bank Nifty Unwinding may pull down by 800-1000 points.
Check & Buy on Declines: Bank of
INDIA, Andhra Bank, Central Bank
Check & Sell on rise: HUL,
FOCUS TO BUY: ONGC,
NMDC
FOCUS TO SELL: BANKs
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