Market's run up...don't feel left out

Dear Investor,

This Situation is very uncertain because of Election Result and Budget. So as per the market sentiments you will make the long position and book partial profit time to time.

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Thanks and Regards 
 
Rohit Saxena

Phone No: 09899365905
Mail Id: simmi9sep@gmail.com

Losers say it is hard and impossible, but winners say it is hard but not impossible." 

              

Technical Outlook on Nifty

Dear Investor,

Nifty having retraced upto the golden ratio i.e 61.8% (5648) of the entire fall from 6338 to 4531, witnessed a selling pressure of 3% from the high of 5630 to 5460.

 

I had mentioned in my report "Boom after Gloom" sent on 21/02/12 that, Nifty could possibly retrace to 5200 levels as the move from 15^th February 2012 was an euphoric one on back of extreme optimism and the daily RSI  also had gone into an overbought territory.

 

As shown in the hourly charts below, Nifty has breached below an important rising trend line. And the head & shoulder formation indicates that, a breach below 5460-50 levels would trigger another round of sell off which will drag the index down to 5310 levels.

 

This does not mean that Nifty is entering into a weak territory. And it is not out of positive trend yet. There are important support levels like 5428 5399 5377 and 5360 levels from where buying could emerge. And also, it will give a sharp bounce back to 5430 5460 and 5530 levels on achieving the head & shoulder breakdown target of 5310.

 

For tomorrow, Nifty will face resistance around 5518 and support around 5460-50 trading above 5518 it will test 5545 5565 5600 and 5648. Trading below 5460-50, it will come down to 5428 5399 5377 5360 and 5310.

 

SUPPORT                 5460 5450 5435 5399

RESISTANCE            5518 5545 5565 5600

 

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Thanks and Regards 
 
Rohit Saxena

Phone No: 09899365905
Mail Id: simmi9sep@gmail.com

Losers say it is hard and impossible, but winners say it is hard but not impossible." 

              

Normal market correction

Market is witnessing normal market correction only after running for so long. Delivery based investors can still pick good stocks in this fall without any panic.

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Thanks and Regards 
 
Rohit Saxena

Phone No: 09899365905
Mail Id: simmi9sep@gmail.com

Losers say it is hard and impossible, but winners say it is hard but not impossible." 

              

Expert view on Expiry

Dear All,

Nifty rolled 26% and bank nifty 20%.Long unwinding happened in Bank nifty to the tune of around 1.6 Lakh.Huge buying seen in 5500 and 5600 ce and huge put writing in Feb 5600 .We had suggested almost 10 time decay strategies on friday.we can square off all those in morning opening price.We do not recommend to go long in the first hour of trade rather wait for 1-2hr where lot of carry on trades of friday might get squared off and then trade long.Buying a Feb 5600 CE seems prudent for expiry.The range we feel might be 5470 -5650 in short term.

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Thanks and Regards 
 
Rohit Saxena

Phone No: 09899365905
Mail Id: simmi9sep@gmail.com

Losers say it is hard and impossible, but winners say it is hard but not impossible." 

              

2011 IPO Returns And Analysis

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The year 2011 was pretty bad for Initial Public offers. There were total of 41 legitimate IPOs and the price of most of them went down like falling rocket after their listing. IPO 2011 Summary Total IPO: 41 No. of IPOs with Grade 5 : 1 No. of IPOs with Grade 4 : 3 No. of IPOs with Grade 3 : 10 No. of IPOs with Grade 2 : 19 No. of IPOs with Grade 1 : 6 No. of FPOs: 2 Investment of Rs. 10000 in each of them amounted to Rs. 2,98,754 at the end of the year 2011 Return by Grade 5 IPO: -17.40% IPO 2011 Returns Company Name  Listing Date Allotment Price Price on 31-Dec-2011 Return Investment of Rs. 10000 on 31-Dec-11 IPO Rating Indo Thai Securities Limited 2-Nov-11 74 10.45 -85.88% 1412 2 M and B Switchgears Ltd 20-Oct-11 186 62.3 -66.51% 3349 2 Taksheel Solutions Ltd 19-Oct-11 150 13.4 -91.07% 893 2 Flexituff International Ltd 19-Oct-11 155 255.85 65.06% 16506 3 Onelife Capital Advisors Ltd 17-Oct-11 110 232.45 111.32% 21132 1 Tijaria Polypipes Ltd 14-Oct-11 60 9.29 -84.52% 1548 2 RDB Rasayans Ltd 7-Oct-11 79 8.4 -89.37% 1063 2 Prakash Constrowell Ltd 4-Oct-11 138 240.5 74.28% 17428 2 PG Electroplast Limited 26-Sep-11 210 144.4 -31.24% 6876 3 Vaswani Industries Ltd 20-Sep-11 49 10.19 -79.20% 2080 2 SRS Limited 16-Sep-11 58 35.75 -38.36% 6164 3 TD Power Systems Ltd 8-Sep-11 256 226.5 -11.52% 8848 4 Brooks Laboratories Ltd 5-Sep-11 100 12.65 -87.35% 1265 2 Tree House Education & Accessories Ltd 26-Aug-11 135 164 21.48% 12148 3 L&T Finance Holdings Limited 12-Aug-11 52 42.95 -17.40% 8260 5 Inventure Growth & Securities Ltd 4-Aug-11 117 149.15 27.48% 12748 2 Bharatiya Global Infomedia Ltd 28-Jul-11 82 8.13 -90.09% 991 2 Readymade Steel India Ltd 13-Jul-11 108 67.45 -37.55% 6245 2 Birla Pacific Medspa Ltd 7-Jul-11 10 5.98 -40.20% 5980 2 Rushil Decor Ltd 7-Jul-11 72 118.35 64.38% 16438 2 Timbor Home Ltd. 22-Jun-11 63 24.25 -61.51% 3849 1 VMS Industries Ltd 14-Jun-11 40 25.65 -35.88% 6412 1 Aanjaneya Lifecare Ltd 27-May-11 234 493.75 111.00% 21100 2 Power Finance Corporation Ltd 27-May-11 203 138.15 -31.95% 6805 Sanghvi Forging & Engineering Ltd 23-May-11 85 22.4 -73.65% 2635 3 Innoventive Industries Ltd 13-May-11 117 90.7 -22.48% 7752 3 Servalakshmi Paper Ltd 12-May-11 29 4.4 -84.83% 1517 2 Future Ventures India Ltd 10-May-11 10 9 -10.00% 9000 3 Paramount Printpackaging Ltd 9-May-11 35 5.29 -84.89% 1511 2 Muthoot Finance Ltd 6-May-11 175 155.4 -11.20% 8880 4 Shilpi Cable Technologies Ltd 8-Apr-11 69 9.76 -85.86% 1414 1 PTC India Financial Services Ltd 30-Mar-11 28 10.1 -63.93% 3607 4 Lovable Lingeries Ltd 24-Mar-11 205 310.9 51.66% 15166 3 Fineotex Chemical Ltd 11-Mar-11 70 61.25 -12.50% 8750 2 Sudar Garments Ltd 11-Mar-11 77 48.05 -37.60% 6240 1 Acropetal Technologies Ltd 10-Mar-11 90 10.92 -87.87% 1213 3 Omkar Speciality Chemicals Ltd 10-Feb-11 98 56.35 -42.50% 5750 3 Tata Steel Ltd 2-Feb-11 610 335.25 -45.04% 5496 Midvalley Entertainment Ltd 27-Jan-11 70 73.25 4.64% 10464 1 C Mahendra Exports Ltd 20-Jan-11 110 133.5 21.36% 12136 2 Shekhawati Poly-Yarn Ltd 12-Jan-11 30 23.05 -23.17% 7683 2 Return 298754 Please check back as we get into deeper analysis. Your comments and interesting observations are most welcome

Thanks and Regards 
 
Rohit Saxena

Phone No: 09899365905
Mail Id: simmi9sep@gmail.com

Losers say it is hard and impossible, but winners say it is hard but not impossible." 

              

Update : 3nd Target achieved of Titan Industries......Call closed

Titan Cmp 230Rs......CHEERS

 

Total Return 17% in 17days.

Thanks and Regards

Rohit Saxena

Phone No: 09899365905
Mail Id: simmi9sep@gmail.com

Losers say it is hard and impossible, but winners say it is hard but not impossible."

 

 

 

              

Update : 2nd Target achieved of Titan Industries......Cheers!!

Titan Industries Cmp 217Rs, Todays high 219.40, 4% Up Today (Total Return 10.7% in 2 week)

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Thanks and Regards 
 
Rohit Saxena

Phone No: 09899365905
Mail Id: simmi9sep@gmail.com

Losers say it is hard and impossible, but winners say it is hard but not impossible." 

              

Buy noida toll bridge at 23 level with first target of 27+

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Thanks and Regards 
 
Rohit Saxena

Phone No: 09899365905
Mail Id: simmi9sep@gmail.com

Losers say it is hard and impossible, but winners say it is hard but not impossible." 

              

Technical Outlook on Nifty.......Analysist

Dear all,

 Nifty managed to surpass and close above 5400 mark on Thursday for the first time since 3^rd August 2011. It is relevant to mention here that, Nifty made a high of 5099.25 and low of 4531.15. And 161.8 retracement ratio stands at 5450.15 which would also act as a hurdle. 5435 is the 50% retracement of the entire fall from 6338 to 4531 and the same was the high on 4^th August 2011 from where Nifty broke down below 5200.  Supply emerging at these levels (5435 to 5450) can not be ruled out.

 

Sustaining above 5450, the index will move towards its weekly falling channel target of 6180 with resistance around 5552 5648 5702 5740 5843 and it will completely retrace the entire fall around 5912.

 

For the day, Nifty will face resistance around 5435 and support around 5378. Sustaining above 5435 it will test 5450 5500 and 5552. Trading below 5378 it will come down to 5318 5270 5245 and 5228.

 

SUPPORT                 5378 5318 5285 5270

RESISTANCE           5435 5450 5550 5552

 

 

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Thanks and Regards 
 
Rohit Saxena

Phone No: 09899365905
Mail Id: simmi9sep@gmail.com

Losers say it is hard and impossible, but winners say it is hard but not impossible." 

              

Again Nifty make new High 5422 spot.....CHEERS !!!

Thanks and Regards 
 
Rohit Saxena

Phone No: 09899365905
Mail Id: simmi9sep@gmail.com

Losers say it is hard and impossible, but winners say it is hard but not impossible." 

              

Update : 1st Target achieve of Titan Industries......Cheers!!

Titan Industries Cmp 209.90 Rs, Todays high 209.90 Rs, 4.8% Up Today (Total Return 6.6% in a week as per the 1st Feb updation)

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Thanks and Regards 
 
Rohit Saxena

Phone No: 09899365905
Mail Id: simmi9sep@gmail.com

Losers say it is hard and impossible, but winners say it is hard but not impossible." 

              

Go with Gold and Silver

Positional call : Gold April : Buy @ 28280 ( CMP 28370) tgt1 28560 tgt2 29000 tgt3 29500 sl 28030

Upward rally will be seen in gold and silver.Gold may go upto 30400 in the coming months


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Thanks and Regards 
 
Rohit Saxena

Phone No: 09899365905
Mail Id: simmi9sep@gmail.com

Losers say it is hard and impossible, but winners say it is hard but not impossible." 

              

CHEERS FOR NIFTY!!!

Nifty spot 5330, 60 Points up.

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Thanks and Regards 
 
Rohit Saxena

Phone No: 09899365905
Mail Id: simmi9sep@gmail.com

Losers say it is hard and impossible, but winners say it is hard but not impossible." 

              

VIEW ON BANKING STOCKS

Bank Nifty indicates a resistance at 10092 on weekly charts and a sharp reversal from the level indicates it is in retracement mode. 9880 close below the trend will get weaker to test to the levels of 9500 and 9385 in coming days. 

SBI will be weak on trading below 2020. A close below the same should be the good opportunity to short sell. One could also look to short the counter below 5220 on Nifty with 

the stop loss of 2020 on cash levels. 

AXIS - 1070 below the stock will retrace to 1000 levels. 

ICICIBANK - 890 below will retrace to 835 levels.

KOTAKBANK - With 535 as a tough resistance, the stock could head for 465 levels on break below 500. 

PNB - Weak below 930. 

Preferred trade will be on the close below the levels, alternatively traders can look to shorts on Nifty spot trading below 5220 and Bank Nifty trading below 9800. 

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Thanks and Regards 
 
Rohit Saxena

Phone No: 09899365905
Mail Id: simmi9sep@gmail.com

Losers say it is hard and impossible, but winners say it is hard but not impossible." 

              

May be 2G Licence news will impact on NIFTY TREND

Dear All,

Spot Nifty found a sudden sell off after the 2G license gets cancelled news. Now long traders should look out for the levels of 5220-5225 which is a good support, while the level of  5280 will act as a resistance. Traders should move out of longs below 5220, as we see the fall could extend to 5120 to 5070 in coming days. Use the chance to exit all weak longs from your portfolio and one can look for reshuffle their portfolios. 

 

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Thanks and Regards 
 
Rohit Saxena

Phone No: 09899365905
Mail Id: simmi9sep@gmail.com

Losers say it is hard and impossible, but winners say it is hard but not impossible." 

              

Go with Titan Industries......Rohit Saxena

Go with Titan Industries Cmp 196 Rs, buy between 188 to 197, Tgt1- 209Rs, Tgt2- 217Rs, Tgt3- 225Rs. (Stoploss only for traders 187Rs)

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Thanks and Regards 
 
Rohit Saxena

Phone No: 09899365905
Mail Id: simmi9sep@gmail.com

Losers say it is hard and impossible, but winners say it is hard but not impossible." 

              

View on Market.......Rohit Saxena

As per the Yesterday buying via institution and FII's may be FII's input more money before 15th Feb 2012. Go with under perform bluechip stock with good fundamentals, Results and Reports. 

Thanks and Regards 
 
Rohit Saxena

Phone No: 09899365905
Mail Id: simmi9sep@gmail.com

Losers say it is hard and impossible, but winners say it is hard but not impossible."