Tips42

Hi friend,
Indian Inc cheers Pranab`s appointed as Finance Minister.President & CEO of forbes Media & Editor in chief of Forbes Magzines, Steve Forbes said"It`s time to investing."
For the investor his advice was simple & clear"If you don`t need the money in the next
year or so,start investing in the market. Be disciplineed."On US front consumer confidence data comes on Tuesday.A historic week for Indian Market Sensex up 14%& nifty up 15.2%.The next target for Nifty is 4560,4655 & 4760 in the upward & 3920,3820 & 3720 in the downward.for trader 4000 is the stoploss & for investor it is 3720.thx
Rajesh
25.5.09
8.45 am

Hi friends,
UPA managed a decisive majority in the election 09.This verdict is a game-changer& experts feels a 500-700 points rally on Monday.Sensex could touch 15000 to 16000 & Niftycould touch 4600 in near future.Our Prime Minister Manmohan Singh during election campaign said that his government would give a stimulus within 100 days.As we know
"the trend is our friend"& the trend is likely to remains bullish.So trade trade & trade with 3500 as stoploss.

Hi friends,
The Market after recent rally may head into a nervous week ahead due to result to be out on May 16.It was a volatile friday where sensex shut shop at 11876, down 240 points & Nifty at 3620,down63 points from the previous week.This week Sensex & Nifty is up 4.1%.The breadth of rally from the March 9 low has improved as more indices across the globe participated in the Market recovery.Asian Market is up 53 % where as Indian Market is up 45%.The next target for Nifty is 3710 & 3780.The market will favour bulls only if the Nifty manages to sustain above 3710.Towards downside it can go down to 3530 ,3455& even 3070 which is its 50 days moving average.thx
rajesh
11.5.09

Hi friend,
The Market ended the week with a big rally & closed at 3475.The intermediate uptrend is intact & if Nifty is able to cross 3500-3520 then it faces resistance at 3640.but be cautious as swine flu acting as trigger for profit booking.As I say before one must keep an eye on global cues which are positive up to now.The next target for Nifty is 3640 & 3740 with strict stoploss at 3300.Towards downside it can go up to
3270,3150,2953& even 2782. enjoy trading.
thx.
Yours
Rajesh
2.5.09

Hi friends,

This week ended with flourish with the Indian Market outperforming its
Asian peers.The following week is importent on the global front as US Stocks may run into some turbulence next week. The Fedral Reserve will be in the spotlight as the Central Banks policy making panel is set to hold a two day meeting begin on Tuesday. Experts feel the rally has some more upside, but one must keep an eye on Gloval cues. Therefore,One should strictly follow intraday stoploss of 3440 on Monday. Next target for nifty is 3640.For investor 3300 should strict stoploss & the next support will be 2953.Enjoy trading.thx
Yours
Rajesh
27.4.09

Speaking on the current rally, S Naganath, President and CIO, DSP BlackRock Investment Managers, said the road ahead will be a little more bumpy and in that regard, therefore, this rally probably will be peaking out right now. He, however, added that maybe a mild correction will be back up.

Agreeing with Naganath, Vetri Subramaniam, Head of Equity Funds at Religare Mutual Fund, said looking at the markets already rallying about 35%, "one is somewhere in that territory where one should be looking for it to top out rather than to keep extending." He said, "I would tend to fall in the camp which says we are pretty close to some sort of a peaking pattern over here," he said.

Here is a verbatim transcript of the exclusive interview with S Naganath and Vetri Subramaniam on CNBC-TV18. Also watch the accompanying video.

Q: Where do you stand on that debate, do you think we are almost getting cooked with this rally or it still has legs?

Naganath: It is a difficult question to answer. Given the repetitive rally and return of risk appetite certainly it is heartening to see the market having done what it has in the last few weeks. I would tend to think the road ahead will be a little more bumpy and in that regard, therefore, this rally probably will be peaking out right now, maybe a mild correction will be back up is my guess.

Q: Globally too the same prognosis you think?

Naganath: Yes, same thing globally as well.

Q: What about you, are you in the camp that believes another 15–20% is possible in this move or we are about getting to the ceiling of this one?

Subramaniam: There are two ways to look at it. One is to just look at past history and what kind of movement we have seen in these sort of sharp and sudden rallies, or call it a bear market rally or whatever you will. In 2001–2002 we got something like about a 45% rally on the Sensex. If you look back then most of the rallies were much smaller than 25–27%. If you go all the way back to the late 90s, you will find that the rallies were anywhere between 35% and 70%.

My guess looking at that we have already gone about 35%, you are somewhere in that territory where you should be looking for it to top out rather than to keep extending. So, I would tend to fall in the camp which says we are pretty close to some sort of a peaking pattern over here.

Q: And then what when you say volatility––are you suggesting that the market could go back to where it came from or not quite retest of the old lows just yet?

Naganath: It is very hard to tell but given the pace of the move that we have seen recently and the belief that some of the efforts that government and central banks are taking to kick start growth in economies, it is quite conceivable that we may not retest the lows. We may slide somewhere between the lows and where we are today and then maybe move ahead in the second half of this year.