oulook for monday 1 aug

 well its a first trading day  of a new month the US debt crisis seems to have resolved itself over the weekend and the mrket as expected opened with a gap up.

the nifty is up 60 ppoints and sensex 200 points

but as they say amatures open the market and veterans close it so lets see wlhether the euphorai still sustains itself over the day .

my view is that it will not ,the rbi poicy has changed things for the worse and it will be very difficult for the market to susutain itself even on short rallies.

but then the mrket has been down for some days so some buying emerging at this level cannot be ruled out

but i will still maintain my view that its sell on rise market .

so lets see

if market sustains todays gap up  you can expect it to build some momentum and try to cross 5600

but if this rally falters or any negative cues from the globe or locally emerge you can expect downsides

but i always maintain that you should take the path of least resistance and that path seems to be remain short on the market

oulook for friday 29 july

the markets are looking for consolidation

usually after a heavy fall such as what has happened this week the market tends to consolidate and then move on

what direction it will take is not clear as of now a lot will depend on the gloabal cues

the US market continues to slide downwards as the solution to the us debt crisis is nowwhere in sight

all this has made the entire world market subdued and all indices are either trending downward or in a state of a limbo.

the earning season is turning out to be mixed bag

market haeavywiegt itc came up with good set of numbers and the stock will react positively in the short and ,medium term on the same

so traders can create long positions in the same

icici is coming out today with it numbers looking at history thet will be good nos

expect the banknifty and the stock to react positively

so what is my outlook for toaday

well i expect the market to be in stste of consolidation and if there is no negative news the market should trend upwards

i am long on the market and advise the same to all

the nifty opened with gap down

the reason are mix of local and international events

the us markets sold off yesterday and all the asian indices are down arnad out today 

also today is expiry day so  traders may either roll over thir positions or cut them 

also there is overhang of the rbi credit policy 

so all this is keeping the market down but will this gl oom continue

well i dont think so

in my opinion the us debt crisis is just an unnevessary showoff that is bound to end any time soon

also the market has fallen 4% in 3 days so you cn expect some short covering any time now

so in my opinion going long in this mrket is better strategy than going short it can pay handsome dividends and the downside is low

so hope you mak some money out of it and so do i

so happy trading

outlook for 27 july

the rbi served a shocker to the indian markets yesterday

the market was down and out .

have a look at the cahart for nifty for yesterday

so what about today what is to be expected

the global cues are not positive and any which way we are showing a great delinkage from the world markets

the indian markets are expected to slide down to what extent cannot be said but yes the sentiment is going to subdued may be we will not get an immediate gap down but during the course

of the day expect the market to slowly slide downwards .

i presume that the pressure is going to mount through the day and we can end 40to 50 points down on the nifty close to 5530 mark

so my advise would be to keep your shorts active but not to create new ones and creating a long position is not advised
happy trading  

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after the bell

the market closed 105 points down and the sensex was down 353 points
once the rbi policy was announced the market never recovered there were bouts which showed promise but the market revereted back
nothing was spared with the adavanse decline 1is to 4
so what happens tommorrow well the market seems posied for for downward trend unlesss gloabal cues come for our aid
but if the cues coming from the US and europe are not positive the market would go down further
so keep your shorts active and look for longs on posirtive cues
.

big day

rtodleased yesterady was a big day as the rbi monetary policy was announced the market had rallied yestaerday on the expectation that rbi is not going to take a hawkish stand and at most is going to incraese the rates by 25 basis points

but rbi outlook released yesterday was quite hawkish but market still was up in the morning in anticipation

but the rbi monetary policy cahanged all that rabi increased the rates by 50 basis point and signalled a hawkish stand and immediately themarket broke down and was soon down 300 points with nifty losing close to  100 points

so what now

some recovery can be expected and traders can long calls to take advantage of that for intraday

but with this expect the rally that has been going on for the last 3 weeks to come to an end the market from now onwards looks bearish and would be a sell on rise market

outlook for the day

well tough global conditions forced the nifty to open lower but positive sentiment pushed it higher soon

but expect the nifty to drift downwards due to various factors

               

 the traders are epexted to take short positions on the nifty prior to rbi policy 

the ongoing condition in the US markets unless resolved is going to keep the global markets down

then there are reliance results today  if positive they can provide a boost to market  but if  below expectectations can make the market drift lower

so my recomendattion would be to go short on the market

whats the outlook on monday

well it seems we are in for bullish start for many reasons

the reliance bp deal going throgh

approval in part of the 51% fdi in retail 

all this hould push the nifty up but whether its able to sustain would depend on global factors and the results that are  due tomorrow