My Investment Picks

Market closed almost flat today.Nify traded in a sideways range of 4300-4350 before closing almost flat with a moderate gain of just 21 points.Market participants were cautious ahead of the announcement of credit policy by the RBI . Market expects rise in both Repo rate and CRR.Inflation has cooled down a tad bit .and it has not come down significantly.

Today stocks from Metal sector suffered losses.Select stocks from Capital Goods, Power ,Oil & Gas, Realty, Pharma and FMCG sectors gained moderately.Some mid cap IT stocks also surged .

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Money management comes in place before Trade then only Trade management left with you.Just like you prepare your suitecase before boarding the train.Once you are on board it's just a matter of time where to jump out of the train.

Today RBI announced its credit policy and the rise in Repo rate by 50 bps and rise in CRR by 25 bps was something market was not expecting. Therefore, the news was enough to tank the market. Interest rate sensitive sectors like Bank, Realty, Auto, Capital Goods bore the maximum brunt.RBI moves was more in line with controlling Inflation on the cost of growth. This must have been done keeping in minds the general elections.

This tight monetary measures taken by the RBI will cap the up move in market. The possibility of further rise is also not ruled out. This will have effect in the future earning growth of India Inc.

Going forward 4400 is a stiff resistance and we expect a corrective pull upto these levels and then from there to possibly a new bottom , retesting of the previous bottom is another possibilty.

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Money management comes in place before Trade then only Trade management left with you.Just like you prepare your suitecase before boarding the train.Once you are on board it's just a matter of time where to jump out of the train.

Cool off in crude oil price saw US market rallying and this triggered a positive opening for all the global markets. Today we witnessed a very sharp rally coupled with short covering in entire interest rate related sectors like Banking, Auto and Realty and by some buying in Capital Goods, Power and Metal sector. Markets were able to cover almost all the losses suffered yesterday. Most of the stocks from Tata pack had a decent rally today.

Going forward i some more cool off in prices of crude oil may trigger a fall in most of the commodities and if this happens we may see a rally in equity market across the globe as money will start shifting from commodities to equity market. This may take Nifty to some higher levels but its still early to anticipate this move but once we get sign of it we will take the plunge .

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Money management comes in place before Trade then only Trade management left with you.Just like you prepare your suitecase before boarding the train.Once you are on board it's just a matter of time where to jump out of the train.

Market had a choppy session today and closed almost flat. Now markets do not have any fresh triggers to go up and may remain choppy and ranged bound. Now the action has been shifted to individual sectors. Today metal sector particularly stocks from steel sector performed well. Some of the momentum stocks like Rpl, Rnrl, Essar oil and stocks from Sugar, Tea and Fertilizer sector also buzzed.Mid cap stocks from construction sector also surged up. Overall it was a mixed day of trade without any directional move in the broader index.

Overall it was flat and choppy day. Going forward we see Nifty facing resistance at higher levels and downside also seems to be limited. Market will remain ranged bound for a few days showing its hand.

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Money management comes in place before Trade then only Trade management left with you.Just like you prepare your suitecase before boarding the train.Once you are on board it's just a matter of time where to jump out of the train.

The Global weakness in commodity prices particularly so in metal and cooling off of crude oil price saw a good rally and Nifty was able to close above 4500.

The fall in bond yield gave indication of easing off the pressure from Interest Rate and therefore short covering and buying was seen in all interest rate sensitive sectors. Auto, Banking, Realty .Stocks from Infrastructure, Capital Goods, and Power sector also surged up.

Today Nifty broke out of the range. Cooling off of commodities may see the fresh inflow of money into equity market. If this happens and prices of crude oil and commodities remains low than we may see a good rally up to the 200 Ema on Nifty level of 4774 or even higher.

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Money management comes in place before Trade then only Trade management left with you.Just like you prepare your suitecase before boarding the train.Once you are on board it's just a matter of time where to jump out of the train.

Market opened up with up side gap on account of strong global cues from US and European market.

Market remained firm at higher level throughout the day but fizzled out in the late trading session. The afternoon session saw profit booking and sell off from the Institutional players. Fear of bounce back in crude oil price and global uncertainty prompted the market participants to book profit.

Going forward if the cool off in commodities and crude oil continues we may see this pull back rally going to higher levels.

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Money management comes in place before Trade then only Trade management left with you.Just like you prepare your suitecase before boarding the train.Once you are on board it's just a matter of time where to jump out of the train.

It was a lackluster day for the market. Market closed almost flat and nervousness was again seen at higher levels.Market participants were reluctant to make fresh commitments ahead of the release of the inflation figures. It was a day of consolidation with volatility.Today volumes was also low.

However, Auto, Realty, Bank and select metal stocks saw some buying interest. Market lacks further trigger to move ahead in a hurry. Going forward a lot will depend upon the global cues, Inflation, cool off in commodity price.

Nifty is in a short term uptrend. This pull back rally can go up to 4744 which is 200 Ema and on downside 4400-4350 is support. But its not going to be a smooth ride, we may see sharp up and down days. The rally will continue till majority of participants become long and think that the uptrend will continue then only this bear rally may terminate.

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Money management comes in place before Trade then only Trade management left with you.Just like you prepare your suitecase before boarding the train.Once you are on board it's just a matter of time where to jump out of the train.

On account of negative global cues our markets had a gap down opening today. Weak cues from Asian market also subdued the sentiments. The fear of credit concern in US market weighed heavily on our market. Nifty touched the low of 4316 and staged a good recovery in the afternoon session. Sugar stocks outperformed after the news that the Government has no intention of banning its export.

Our markets may have found a short term bottom and further downside is limited until crude plays a spoil sport and bounces back to the previous high range of 145-148 $ per barrel. Market may trade in a broad range of 4250-4600 if crude oil prices remain at 100-120 $ per barrel.

Going forward 4235 and 4300 remains crucial support area for Nifty and downside seems limited. The main positive factors are falling crude oil and commodities prices. On the other hand our rice production is expected to increase by 5 % more this year after the good rains. The good rainfall will also prompt good wheat sowing in coming Rabi season which may result in record wheat harvest.

All this will lead to softening on Inflation and will ease pressure on rising inflation. This may spur a rally all the way up to 4726(200EMA) or possibly higher

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Money management comes in place before Trade then only Trade management left with you.Just like you prepare your suitecase before boarding the train.Once you are on board it's just a matter of time where to jump out of the train.

Today despite the weak cues from European and US market, Asian market had positive opening and taking cues from Asian peers our market opened on a positive note. The positive thing about today’s action is that market found a good support at around 440 levels all through the day though volumes were thin but picked up smartly in the last hour of trade . Positive opening of European markets also boosted the overall sentiment.

The positive cue is that despite all the negative news markets are not going down.

Going forward it is a buy on dip market. We may see market trading in a range of 4300-4600 and once it is able to stay above 4600 we may see fresh buying at higher levels. Downward moment is limited from here unless prices of crude oil bounce back to the previous highs.

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Money management comes in place before Trade then only Trade management left with you.Just like you prepare your suitecase before boarding the train.Once you are on board it's just a matter of time where to jump out of the train.