Market View - 24th August 2015

On Friday, USA and Europe markets have cracked huge and it generates worry.

Now since expiry is nearby and we are around the supports, market may give
some bounce. But the volatility may exist for quite some time. It is better to
avoid buying in the market and exit all longs on the bounce.

Buying is advised only after market settles down as we see more cracks in the
market in the next series looking at USA market crackdown and major worry
is from the Shanghai market which has cracked very badly.

Out of all the other markets, India is still better and has not lost much compared
to all other markets. After market settles down, it will provide excellent opportunity
to buy again. But till then avoid buying.

Long term investors need to look for buying opportunity at all corrections around
7800-8000 in good quality companies.

Market View - 13th August 2015 - Before Market - 8:15 am

As you could see that from the levels mentioned, market has slipped drastically.

Now we are in oversold territory and yesterday put writing started in 8300 levels.
This would restrict the maximum downside to 8250.

So today in the first one hour if market moves down, it is an opportunity to exit
all short positions and take a fresh buying around 8300 after recovery.

Now market looks fairly valued and market should start moving now towards 8800
levels. In the coming days you would see big rally in the market, get ready to buy
at lower levels.

Market View - 9th August 2015

You can see after the RBI policy, market fell drastically and later recovered
but still it is not able to cross the hurdle.

Looking at the pattern, market is still range bound, bulls might have made
some progress of moving the range from 8300-8500 to 8300-8600.

We are in the upper part of the band and it is difficult to sustain at higher
levels until there is any good positive news.

Since the parliament session is completely washed out, there is hardly any
good news that we could expect from there. Results have been mixed and
hence there could not be anything great expected from there also.

Finally, Rajan has also maintained a pause on the rate cut, so there are hardly
any possibility of good news, until we get a surprise from somewhere else.

Banking sector is now facing good resistance at 19000-19200 level. Until this
level is breached with good volumes, we may not be able to see any
sizeable movement in the index.

We can look for shorting opportunities in the PSU banking stocks as they
are in highly overbought zone and they have started showing cracks.

Market View - 4th Aug 2015 - 10:45 am - Before RBI Policy

Market is showing stiff resistance @ 8550 levels and Bank Nifty is also
failing to cross 19000 levels.

Market can correct back to 8300-8200 levels in the coming days,

Sell at current levels with 10 points above days high as stop loss.

Sell Nifty @ 8530-8550
SL 8585
Target 8420, 8350, 8280, 8250

Sell Bank Nifty @ 18930-18950
SL 19030
Target 18700, 18500, 18300, 18000

Market View - 28th July 2015

Market has broken important support of 8500 and has closed below this.

If you see market is in a range of 8300-8500 and we may again see this
continuing to trade in the same way.

8200-8300 will be support now and until market closes above 8500,
the weakness may persist.

Market View - 17th July 2015

As you can see market has clearly shown its strength and broken all the resistances.

I have been recommending buying from 8000 level onwards and all analysts have
been talking about it now.

Market is very strong and will continue to keep moving higher and higher.

100-200 points of correction may come anytime but market will move towards
9000 in this series or next month series and would make new highs.

Immediately 8500 will act as strong support. So any minor dips you get should
also be used for buying only.

Market View - 6th July 2015 - 1:10 pm

Market has shown its resilience and clearly that it is not getting
affected by Greek referendum. All the fears about Greece may
not affect indian markets. Book loss in shorts and go long.

Our earlier prediction of 9000 for nifty holds good.