WHAT DO U GUYS FEEL ABOUT THE MARKET NXT WEEK ? GENERAL GUT FEEL: EW FEEL; TECHNICAL FEEL; NEWS BASED FEEL; EXPECTANCY FEEL ; RETRACEMENT FEEL ; STOCK SPECIFIC FEEL ; SECTOR SPECIFIC FEEL ; FII/DII SPECIFIC FEEL; RBI FEEL;INFLATION FEEL ; ANY OTHER FEEL?
NIFTY CHART GAVE AN EV STAR TO DAY ? EID KA CHAND;KHUSI KA DIN .THOSE IN SHT SIDE AND THOSE IN THE LONG SIDE WOULD TEND TO INTERPRET IT IN HIS OWN WAY. WHICH SIDE R U?
To begin with let me admit I am totally taken off guard by to days move. I thought spot maxm 5300 -5310 ; But the NIFTY proved me wrong . Am I happy ! Not clear .
In fact such quick Volte Face -from 4600 t0 5500 -in such a small span of time has actually foxed me. Has the economy improved that much ? And so many negative factors all around !! Wait and Watch. Fortunately (or unfortunately-a matter of perception !) I did not play NIFTY to day.
Spot 5280 acted as the resistance zone. 5192 spot 200 DMA support. So the swing between 5300 spot and 5150 spot. An Ev star / doji and gap up opening suggests a gap dwn open. So 5150 may be cmng.Rest during trading.
Result to morrow. Cr Greaves and Siemens not expcted much. Titan range bound. PNB may do better with NPA ; ICICI Bk has lotsa score to settle. Rest I will await . Overall the results are as yet dissapointing. Topline grew; bottom line squeezed; non operating income more.
Ys Krish ! thats precisely what I have predicted. False BO etc not withstanding, I foresee two possibilities. OI are still to provide any indication. However 200 DMA is around 5230-5240 lvl which has not been broken. 200 EMA is 5150-60 which is somewhat broken.FIIs bought 9000 cr in Jan. DIIs sold 6000 cr. So net 3000 cr plus and Nifty moves so much up is difficult. May be sht cvrng !
Volatility in Budget month is expctd, Sudden leakage of some news , Flitch or watever are there to steer. Market will hover between 5300-5000. This is what I expct, But we are talking about nxt week. See the live game and decide.
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