Hi All,
The markets are likely to remain volatile due to the F & O expiry on Thursday. With no fresh triggers till the start of the monsoon season, the markets would take cues from the crude oil prices and the global markets.
The markets will witness stock specific action due to the earnings season. Fresh speculation is that Greek debt will be restructured and the fact that the official end to the US Federal Reserve's QE2 programme which is now less than eight weeks away, and the raise of Diesel and LPG prices during next week adds more volatality and give upper hand to bears on the markets.
Technical Nifty Trends:
Nifty Trend Deciding Level:-5476
Resistance:- 5550,5620
Support:-5403 and 5350
Due to several negative factors and still the nifty levels are not convincing us to invest for short term, We are not recommending any counter as pick of the week, but One can consider buying xxxxx xxxxxx : Please buy in small quantities, if scrip goes down please add the same in small quantity. The share price has beaten dramatically after reaching an high of Rs.156, there is nothing problem with the company and the price is beaten down because of operators. And soon the share price is expected to move drastically up by hitting continous upper circuits.
Regards
VenkiStockCalls.
http://venkistockcalls.blogspot.com
The markets are likely to remain volatile due to the F & O expiry on Thursday. With no fresh triggers till the start of the monsoon season, the markets would take cues from the crude oil prices and the global markets.
The markets will witness stock specific action due to the earnings season. Fresh speculation is that Greek debt will be restructured and the fact that the official end to the US Federal Reserve's QE2 programme which is now less than eight weeks away, and the raise of Diesel and LPG prices during next week adds more volatality and give upper hand to bears on the markets.
Technical Nifty Trends:
Nifty Trend Deciding Level:-5476
Resistance:- 5550,5620
Support:-5403 and 5350
Due to several negative factors and still the nifty levels are not convincing us to invest for short term, We are not recommending any counter as pick of the week, but One can consider buying xxxxx xxxxxx : Please buy in small quantities, if scrip goes down please add the same in small quantity. The share price has beaten dramatically after reaching an high of Rs.156, there is nothing problem with the company and the price is beaten down because of operators. And soon the share price is expected to move drastically up by hitting continous upper circuits.
Regards
VenkiStockCalls.
http://venkistockcalls.blogspot.com
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