January 2013

My Weekly Take .....

Trading levels  --- 21st / 25th    January   2012

After INFY, Reliance has given another positive surprise. The stock has already run-up much so we may not have blinding fireworks on Monday but we will still have 3 to 4 % up-move pulling the NIFTY up by about 30 odd points. 

NIFTY is pushing 6050 but 6100 may be a bigger obstacle since most major results which had potential to surprise have been out – except SBI.  But  any further up-move largely hinges on what RBI does on 29th January.

Market is pinning hopes on 50 basis points rate cut but in my opinion that is unlikely in view of recent diesel price hike for bulk consumers. Please keep in mind that this will get passed on to general public in due course which will stoke inflation.

Sector rotation is on in full swing and last weeks flavour was OIL and GAS.  FMCG / METALS continued correction and Banking / IT did not really participate in the up-move.

We will soon start getting feelers from FM about possible provisions in the budget and may start affecting sentiment.

Monday’s session is crucial and I will not be happy if NIFTY is not able to cross 6100 hump decisively.

ALL THIS IS PREDICATED ON STRONG FII FLOWS FOR NEXT TWO WEEKS ATLEAST.

My monthly trading levels are out and paid members have them. At 3,000 rupees a year, they provide tremendous value for money proposition.
 

INFY price ...2800+ ..... is it justified ......



wipro's results hv highlighted possible fallibility of other bellweather IT stocks results .... wipro has taken cognizance of debt ceiling issue ... which our armchair analysts seem to hv ignored and made some straight line projections which is the reason for ramping of INFY to 2800+ levels ....

at this juncture ... 2550 ... give or take 50 rupees seems to be PAR price .... and i am convinced that the share wl come there in due course of time ....

if any body is holding INFY .... PL BOOK OUT ... u wl get the share about 250 rupees cheaper ....... in the coming days ......