Thank you JMOORTHY (Jana) for providing the link for numbering the posts in Comment Section. The same has been implemented.
SKV (Shine) has provided a link which is having some basic ideas on how to pick some value investing stocks (multibagger) purely on Fundamental basis. You can "READ HERE". In addition to this, he has also suggested some investing recommendations included Selan explorations, Godrej Industries, Godrej Properties, Tata Global, Kohinoor Foods from some reputed portfolio manager, who believes in value investing. Moreover, he wishes to add Lloyd Electric on this list. On behalf of SKV, I would like to request all of you to check all the above mentioned scripts and give your feeds to us.
After three straight days of solid gains, the Indian markets ended flat on Friday as investors decided to take a pause after the post-Budget rally. Markets started off with a gap up opening in the morning, tracking strong cues from the overseas markets, especially Wall Street. US stocks had their best day in three months after the weekly jobless claims hit nearly three-year low. Asian and European markets extended their gains today, notwithstanding concerns over the Middle-East tension and its impact on oil prices. However, as the day progressed, the benchmark Indian indices were unable to hold on to their gains. The Sensex closed at 18,486 down by 3 points after making an intra-day high of 18,736 and the NSE Nifty up by 2 points to close at 5,538 after hitting a high of 5,608. The mid cap and small cap indices ended on a flat note. The market breadth was relatively flat and the total turnover was Rs 1,19,704Cr.
THE WEEK AHEAD: For the next week support stands at 5480-5465-5444. The resistance for this week should undoubtedly be the 5580-5625 levels. Only if either side gives way, one will see at-least a 80-100 point swing in the Nifty for the week.
SCENARIO 1 : PROBABILITY (60%)
The Nifty keeps oscillating between the 5450-5580/5600 mark. Given the global uncertainty accompanied by the recent stability (technically) in the domestic markets, the Nifty should continue to be range bound and exhibit some volatility.
SCENARIO 2 : PROBABILITY (40%)
There is a great chance of an uncertain movement in the index. This can be on extreme sides. If the global scenario improves or even better, throws some positive signals in terms of crude going below 100$, Nifty could jump towards 5750, or worst case some unexpected negativity is thrown and crude goes towards 140, we may see 5300-5200 once again.
SCENARIO 1 : PROBABILITY (60%)
The Nifty keeps oscillating between the 5450-5580/5600 mark. Given the global uncertainty accompanied by the recent stability (technically) in the domestic markets, the Nifty should continue to be range bound and exhibit some volatility.
SCENARIO 2 : PROBABILITY (40%)
There is a great chance of an uncertain movement in the index. This can be on extreme sides. If the global scenario improves or even better, throws some positive signals in terms of crude going below 100$, Nifty could jump towards 5750, or worst case some unexpected negativity is thrown and crude goes towards 140, we may see 5300-5200 once again.
OPTIONS DATA: The Nifty 5400 Put strike has the highest open interest build-up, which suggests it remains a major support on downsides. On the other hand, the highest Call build up is at the 5600 strike. The Nifty may trade in the range of 5400-5600. Nifty Higher open interest shifted from 5300 puts to 5600 calls indicates 5600 call writing. 5600 will act as a shorter resistance for time being.
THINGS TO WATCH: On 10th March Union Budget will be passed in Lok Sabha. Mining, Textile, Hotels, Cycles, and SEZs Sector will be in focus with the hope of change in policy. January IIP data will be announced on 11th March will decide further move of markets.
FOR TODAY: Global signals are turning negative slowly. Crude Oil is trading around $103 per barrel. On Friday, all EU markets as well as US markets were closed on deep RED. Today, all Asian markets are trading in RED, except Shanghai which is marginally in Green. SGX Nifty is trading at 5477.50, down 70 points (at 8.50 AM). All this indicators are suggesting Nifty may open around 5470-5480. A major support is at 5460 level. If breaches, we may see 5420-5400 level on intraday basis. However, on the upside, major resistance is at 5580 and 5624 level.
If IFCI available around 51 or lower level today, I will go for IFCI 55 or 60 CE. Those who have sufficient margin, may go for IFCI future also. Stoploss as per your own risk taking capability.
If IFCI available around 51 or lower level today, I will go for IFCI 55 or 60 CE. Those who have sufficient margin, may go for IFCI future also. Stoploss as per your own risk taking capability.
