On Friday, Nifty (CMP-5746.95) took a sharp turn and made an intra-day low of 4888.2, which had some negative effect on traders. But now an investor, can get into the market with a stop-loss of 5351 on Nifty. In coming week, Nifty may see some correction and may touch a level of 5634.
               In my last blog, had recommended to go long in Opto-Circuit(CMP-138.35). Due to down-grading done by CRISIL, the script took beating and touched a level of 114.6. One can go long with a stop-loss of 132 (closing basis). Given the previous track record of the said Company am still hopeful on the script. Enjoy !!!

**(Note - The views shared are entirely based on my own knowledge. Any loss/damage caused will be entirely at the follower's own risk)

In my last blog,I said, technically Nifty should rally. Also had mentioned resistance levels of Nifty, which still holds true. Nifty, should find support at 5281 and 5261. Remember, Nifty should take support at the said levels, especially 5261 or Nifty may drag down, up to a level of 5200. 

                 

Opto Circuit(CMP- 158.45) - One should get in, at current level for a target of 163.25. If Opto Circuit is able to cross the said level decisively, you may see a higher level in coming days.Enjoy!!!

**(Note - The views shared are entirely based on my own knowledge. Any loss/damaged caused will be entirely at the follower's own risk)

       

Today Nifty(CMP-5282.55) opened with a gap-up.Now one(traders) can hold on to Nifty with a stop-loss of 5235. Technically, market is poised for a rally upto a level of 5450.Nifty can face resistance at 5316 and 5364. Remember, lot of noise can be heard about monsoon and various other issues so market participant should be alert.

Opto Circuit (CMP-155.55)- I still maintain my stance of bearish trend in Opto Circuit. Last week it made a low of 150.5 and closed at 155.9 on Friday. Today it opened at a higher level of 171, but could not sustain.  Remember, the view point shared by me,is from investor's point of view and the horizon is short term may be for a month or so depending on the trend.Tomorrow, it can give an indication of trend reversal so beware :-).Enjoy!!!

**(Note - The views shared are entirely based on my own knowledge. Any loss/damaged caused will be entirely at the follower's own risk)

Bearish Trend

On Friday Nifty(CMP-5099.8) took support at 5077.5, so it will act as a strong support, traders who trade on Nifty should keep it as a stop-loss. But an investor, should have a cautious stance. On Monday, RBI is going to announce credit policy.
       Now, Opto Circuit(CMP-155.4), on Friday broke 157 level on closing basis, which was a stop-loss as suggested by me in my previous blog. One should remain out of it. Am looking at a level of 151.6 on it. Opto Circuit should not violate the said level on closing basis or it may grind much lower may be upto 145.8. But for now its in a down trend. Enjoy!!!

(Note - The views expressed in the blog are entirely based on my knowledge. Any loss/damage caused is entirely at follower's own risk.)

CARRY ON

OPTO CIRCUIT(CMP-159) - I still stick to my view. Last two out of three days it opened at lower level and made an attempt to touch 164 but didn't succeed. Tomorrow it should try and give a sharp uptick or will  try to breach this Monday's low of 157 on closing basis. As per the charts,it is still in an uptrend.
              Nifty (CMP-5109.6) tried to breach 5100 on closing basis. Tomorrow, Nifty should give a bounce. Those who trade on NIFTY can go long with a stop-loss of 5076.6 . Enjoy!!!

(Note - The views shared are entirely based on my own knowledge. Any loss/damaged caused will be entirely at the follower's own risk)

Here I Go

Hello friends, its been observed that trying to concentrate on too many things at a time won't help to achieve a desired result.Same is the case with investment and other facets of life. So now on, will be concentrating on single good Company as I have said in my previous blog. Hence forth, will be concentrating solely on this Good Company, where I will be suggesting the reversal in the trend along with the levels where one should GET-IN and GET-OUT of the said Company. Have used the word "GOOD Company" as I find this Company interesting on the basis of criteria, which I have selected.
                  The Company, which I recommend is "OPTO CIRCUIT (INDIA) LTD". The Company belongs to Pharma Sector and is included in S&P CNX500, NIFTY MIDCAP50, CNX MIDCAP, CNX100.

( in cr' ) FY'11 FY'10 FY'09 FY'08 FY'07 Sales Turnover 603.2 471.5 401.23 328.69 201.64 Reserves 876.43 653.85 240.51 221.34 149.59 PAT 244.38 147.04 139.93 118.79 72.18 Total Debt 724.01 194.6 513.53 88.23 49.25 Book Value 57.02 45.75 24.9 33.5 34.28 EPS 13.11 8.04 8.67 12.61 11.71 Debt-Equity Ratio 0.68 0.23 1.28 0.28 0.23 Face Value (Rs.) 10 10 10 10 10 Dividend (%) 45 40 40 50 50 Bonus 3:10 --- --- 7:10 1:02

                                                          (Source – www.moneycontrol.com)

Share Holding As on 31st March 2012
Promoter & Promoter Group -  28.12%
Institutions  -  38.71%
Non-institutions  - 33.17%
                           (Source – www.nseindia.com)

Last week OPTO CITCUIT (CMP - 161.25) had given a sharp turn-around from a level of 151.75 (on Closing basis). One can get in at a current level of 161.25 with a STL of 158 for a target of 165.5.You may even see a level of 169.5. Its in an Uptrend so one may hold on to it. Enjoy !!!

(Note - The views given are entirely based on my knowledge. Any loss or damage caused is entirely at the  followers own risk.)

New Beginning with a Concept

Hello friends, its being a long halt, almost 15 months, when I last wrote my  blog. Nothing has changed in terms of the market, except there were many UPs and DOWNs, as its a nature of market. 
             In the last one year, many events occured which could have dampened investors confidence. On personal front, have gone through lot good and bad times, as there are two sides of a 'coin' called LIFE :). But nothing has dampened my confidence, so as a investor you should never get dishearten as well. Am back, but this time with some unusual  good concept, which will surely help to bolster an investor's confidence.
             This time, I will be focusing on a Good Company, fundamentally and technically. How? Good Question?? For that you need to have some patience.Be rest assured, the Company which will be discussed has been selected from past history in terms of Dividend, Profitability, Bonus, etc.
             The idea which will be discussed will not only help an investor to make money in the Upside but also on Downside. How? will let you know...

NIFTY likely to touch 5600

Last few weeks market was too volatile with a negative biased.On Tuesday,NIFTY(CMP - 5522.3) rallied 2.61% on hopes,as budget has given some hopes to control inflation based on domestic environment.But but but....... if crude oil prices go up then the government will have tough time managing inflation.Also global scenario is not good at all esp. Middle East,which is a concern for all global markets.So,I would not recommend anyone to invest.One can trade with a strict stop-loss.For tomorrow,NIFTYs target of 5600 with a stop-loss of  5487.
1)  LIC HOUSING FIN. (CMP - 197.5) - Buy for a target of 202 with a STL of  194.
2)  HNDALCO (CMP - 212.45) - Buy for a target of 220 with a STL of 208.
3)  BGR ENERGY (CMP - 428.05) - Sell for a target of 413 with a STL of 440.

Enjoy Trading
(www.derivativestrategy.blogspot.com)

Internal Fundamentals a Worry

Market is having a concern,whether the budget session will take place in a smooth fashion.Corruption and JPC probe is putting pressure on the ruling government to take some stringent action.There is still uncertainty about the budget session.I would recommend to stay away for some time,till the dust settles.For traders every rise should be used to go short on the market.Today NIFTY closed at 5312,near its intra-day low.For tomorrow one may...
1.) BHARTI AIRTEL (CMP-333.33) - Buy for a target of  340 with a STL of 330.
2.) HINDZINC (CMP-1226.65) - Buy for a target of 1246 with a STL of 1214.
    NOTE : For an Investor HINDZINC can be a good bet.So one may think of accumulating HINZINC say for          an horizon of 12 to 18 months.

(http://derivativestrategy.blogspot.com)

Market in weak hands

Last week,NIFTY(CMP-5395.75) closed near its 5 month low.Bad sentiments and global recovery is diverting FII's interest from the Indian market.But remember,India story is based on strong fundamentals,so one should buy in this market slowly and steadily.The overall trend for near term  in the market is down.On NIFTY keep a STL of 5457 and go short,say for a target of 5314.
1.)TATA MOTORS (CMP-1150.85) - Short for a target of 1128 with a STL of  1164.
2.)L&T (CMP-1570.05) - Short for a target of 1556 with a STL of 1584.
3.)SHREE RENUKA SUGAR (CMP-89) - Short for a target of 86.6 with a STL of 91.


(www.derivativestrategy.blogspot.com)

Bears in Full Control

Yesterday,NIFTY(CMP-5505.9) opened at lower level of 5452.55 and further made a low of 5416.65.Lot of events happening around,which are dampening investor's confidence and in turn the sentiments of Equity market.So any rise upto 5550 should be utilized to go short.For tommorow,NIFTY may go upto a level of 5563 on higher-side and 5452 on lower-side,it may even test 5416.65.
1.)SIEMENS (CMP-853.95) - Buy for a target of 884 with STL of 830.
2.)CROMPTON GREAVES (CMP-278.55) - Buy for a target of 286 with a STL of 270.
3.)BHARAT BIJLEE (CMP-999.3) - Sell for a target of 979 with a STL of 1009.


(www.derivativestrategy.blogspot.com)

Market may continue downtrend now

Market last week remained choppy.On Tuesday NIFTY(CMP-5604.3) tried to cross 5800 but it failed.Yesterday instead of good positive cues from global markets our market corrected which clearly indicates a strong downtrend.I feel market may remain in downtrend till inflation and corruption is controlled.Which I feel may take some while say till April.Also an important event coming up,which in turn should give the government to clear it debts.For tommorow,NIFTY may come down to 5528 with a STL of 5654.
1.)TATA STEEL (CMP-650.1) - Sell for a target 629 with a STL of 660.
2.)HDFC BANK (CMP-2050.1) - Sell for a target of 2020 with a STL of 2075.
3.)SUPREME INFRA (CMP-212.75) - Sell for a target of 205 with a STL of 218.

(www.derivativestrategy.blogspot.com)

Monetary Policy Ahead

Tomorrow,NIFTY(CMP-5742.35) may remain choppy till the policy.I won't suggest you to trade till 12 noon,try to stay away.If RBI takes aggressive step to curb inflation then market may correct significantly.This may have an adverse effect on banks and real-estate sector.
                   On the other side NIFTY may touch 5800-5820 on higher side.SBI may lead the rally on higher side.So trade with caution.


(www.derivativestrategy.blogspot.com)

NIFTY may give direction now

Last week NIFTY(5695.95) was range bound between 5656 to 5744.As per my view market should break down in coming week.So don't get into the market as it may leave you in worry.Every rise should be used to get out,as there is no point even to think of investment for time being.As I feel NIFT may come down to 5350 to 5300.But still anybody wants,I can suggest...
1.)TCS (CMP-1211.65) - Sell for a target of 1196 with a STL of 1220.
2.)DLF (CMP-251.55) - Sell for a target of 244 with a STL of 254.
3.)STERLITE IND (CMP-177.4) - Buy for a target of 182-184 with a STL of 174.

(www.derivativestrategy.blogspot.com)

NIFTY(CMP-5724) was choppy but was able to close above 5700.IT Index helped NIFTY to lock in gains.For tomorrow NIFTY should make an attempt to touch 5800.
1.)OPTO CIRCUIT (CMP-249.6) - Buy for a target of 259 with a STL of  240.
2.)RANBAXY (CMP- 582.15) - Buy for a target of 588-594 with a STL of 578.
3.)SUN PHARMA (CMP-484.35) - Buy for a target of 493 with a STL of 475.


(www.derivativestrategy.blogspot.com)

NIFTY 5696 - 5567

Tomorrow,NIFTY(CMP-5654) should breach 5600 on downside for a target of 5567.On higher side you should keep a STL of 5696.
1.)TCS (CMP-1137.4) - Buy for a target of 1152 with a STL of 1120.
2.)Bharat Electroics (CMP-1693.1) - Buy for a target of 1725 with a STL of 1671.
3.)IDFC (CMP-155.15) - Buy for a target of 161 with a STL of 151.
4.)WIPRO (CMP-466.75) - Buy for a target of 480 with a STL of 456.

Keep Trading
(www.derivativestrategy.blogspot.com)

Market in A Strong Downtrend

On Friday,market confirmed a strong downtrend.NIFTY(5654.55) should be shorted on every rise.Negative sentiment is hovering around the market which may take NIFTY to 5567 and 5528 on Monday and on Higher side Nifty should cross 5744,which I don't NIFTY will.
1.)M&M (CMP-739.55) - Sell for a target of 722 with a STL of 753.
2.)HDFC BK (CMP-2049.55) - Sell for a target of 1935 with a STL of 2099.
3.)BHARTI AIRTEL (CMP-343.75) - Sell for a target of 335 with a STL of 349.


(www.derivativestrategy.blogspot.com)

NIFTY to correct further

NIFTY was not able to cross 5860 on higher side.Today,keep a STL of 5801 on NIFTY(CMP-5751.5) and short the market for a first target of 5690 and 5639.
1.)TCS (CMP-1125.5) - Sell for a target of 1098 witha STL of 1137.
2.)CAIRN (CMP-343.6) - Sell for a target of 337.5 with a STL of 346.7.

Enjoy !!!
www.derivativestrategy.blogspot.com

Market may take a downturn tomorrow

Yesterday,market bounced,which was a surprise as IIP numbers were bad.Also rising oil prices is adding to inflation worry.So I feel NIFTY(CMP-5863.7) should come down.Don't hurry and buy.For traders,market may go upto a level of 5907-5937 on highr-side tomorrow and downside 5792-5770.
1.)HINDALCO (CMP-237.25) - Buy for a target of 250 with a STL of 228.
2.)STERLITE IND (CMP-183.05) - Buy for a target of 188 with a STL of 179.6.


Enjoy
(www.derivativestrategy.blogspot.com)

Market May Remain Volatile

Hello friends,yesterday market gave a downside spurt after which it recovered from its low.Tomorrow market may be volatile as IIP numbers will be out.IIP numbers may support NIFTY (CMP-5754.1) to remain in green.
1.)HINDALCO (CMP-230.6) - Buy for a target of  236 with a STL of 226.3.
2.)SBI (CMP-2612.85) - Buy for a target of 2668 with a STL of 2580.


(www.derivativestrategy.blogspot.com)