Friday, July 1, 2011
Our Call trading strong ...
OUR CALL, PRIME FOCUS;
BUY GIVEN AT 50 today
trading at 59.90 hold for
next target.
BANG ON TARGET
SURE SHOT
WWW.NORTHPOLE77.COM
BUY GIVEN AT 50 today
trading at 59.90 hold for
next target.
BANG ON TARGET
SURE SHOT
WWW.NORTHPOLE77.COM
Buy and Hold RELIANCE at 900 TARGET 950 & 999 ++
Reliance trading strong,
HOLD our delivery call
NEXT TARGET 914,944 ++
HOLD FOR 30 DAYS
Market in narrow range,
stay light, on cash
have an nice weekend
HOLD our delivery call
NEXT TARGET 914,944 ++
HOLD FOR 30 DAYS
Market in narrow range,
stay light, on cash
have an nice weekend
Thursday, June 30, 2011
Market Commentary
Prime Minister Manmohan Singh appears to be exuding confidence as he attempts to show that he is very much in command. The stock market too has been on a roll and investors would hope that the rollover takes place without breaking the momentum.
We have an opening which is all set to be positive. Things appear too good to be true.
FII inflows remain encouraging. Indian indices could well end higher for a sixth straight session. Some choppiness may be there in late afternoon, which is usually the case on F&O expiry day. The upside from here will hinge on FII flows, global cues, domestic policy action(s) and Q1 earnings.
World markets can heave a sigh of relief as the threat of an imminent default in Greece has been averted. Greek parliament has voted in favor of an $112bn austerity plan necessary to secure emergency international aid.
US stocks closed up for a third consecutive day. European markets did even better. The euro is at a two-week high against the dollar. The wee bit of bad news is that crude is at a one-week high. Gold is up for a second day. Asian markets are mostly higher.
Marke Commentary ..
Prime Minister Manmohan Singh appears to be exuding confidence as he attempts to show that he is very much in command. The stock market too has been on a roll and investors would hope that the rollover takes place without breaking the momentum.
We have an opening which is all set to be positive. Things appear too good to be true.
FII inflows remain encouraging. Indian indices could well end higher for a sixth straight session. Some choppiness may be there in late afternoon, which is usually the case on F&O expiry day. The upside from here will hinge on FII flows, global cues, domestic policy action(s) and Q1 earnings.
World markets can heave a sigh of relief as the threat of an imminent default in Greece has been averted. Greek parliament has voted in favor of an $112bn austerity plan necessary to secure emergency international aid.
US stocks closed up for a third consecutive day. European markets did even better. The euro is at a two-week high against the dollar. The wee bit of bad news is that crude is at a one-week high. Gold is up for a second day. Asian markets are mostly higher.
Wednesday, June 29, 2011
Marke Commentary ..
The fuel price hike has suddenly fueled hopes of more reforms from UPA II. A cabinet reshuffle is on the cards shortly while the PM has decided to speak more frequently to the media. But, problems remain - largely in the form of high inflation, spiraling interest rates and drop in investments.
The Indian market has rallied for the past four sessions – the longest winning streak in three months. Hopefully, the rally may just have enough steam to last a bit longer.
The start today will again be pretty bright, what with world markets advancing on hope that Greece would avert Eurozone’s first ever sovereign default. All eyes are on the two-day parliament debate and vote on the unpopular austerity measures in Greece.
Back home, FII inflows have picked up again. The Bank Nifty has signaled a breakout and could help the Nifty attain 5600 in the near term. The next big target will be the 200-DMA which is around 5750.
Tuesday, June 28, 2011
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