Labels
Posted by

Market Outlook For 4th-Week-January

On Friday (23/01/15) Nifty closed at 8835. The Markets were in green from the go since the beginning of this week. From past 8 day(15th Jan) the markets have managed continuously close at new lifetime highs. The present momentum is very bullish and after such a huge rally there may be a few days of consolidation and markets will again continue their uptrend and we can expect markets to touch 9100-250 by February end. Even if there is a correction markets will definitely find support around the level of 8620-600. Until and unless it manages to break this level the uptrend will be intact.

 For next week as every time banking looks strong and along with it the Pharma sector looks very strong. All the major pharma stocks such as Sun Pharma, Cipla, Lupin, Ranbaxy, Wockhardt, Aurobindo Pharma are trading at or around 52-week high and pharma sector can definitely continue its out-performance next week 

                                                                                           -Targets For 27-Jan-2015(Monday) is Posted Below 
Labels:

Comments

  1. Anonymous26 January 2015 at 18:53

    Hello Sir,

    I have bought AuroPharma recently(Avg 1022), What is your view for short term. There has been lot of negativity in mmb of moneycontrol.com about Auropharma. What is your short term target and stop loss for Auro. Should i continue to hold still longer or square off. Please advise.

    Thanks.

    ReplyDelete
    Replies
    1. Saketh26 January 2015 at 21:22

      Hello Sir,

      Aurobindo Pharma has been going through a stage of consolidation, even though it has managed to make new high we can not term it as a 'break out' because it isn't supported by good volumes. As of now there is no problem in holding Aurobindo Pharma for few more months. You can hold it with a stop of 1050 and can expect it touch 1300-50 in next 2-3 months

      Thank You

      Delete
    2. Anonymous27 January 2015 at 00:33

      Thanks a lot sir.

      Delete
  2. Nsefans26 January 2015 at 20:39

    Hi Sir,
    What is your view for NIFTY tomorrow ? Sgx Nifty and global cues are not positive. Can we see gap up opening tomorrow due to Us Prez visit ?
    Also kindly suggest target for Voltas Intraday as of now.

    ReplyDelete
    Replies
    1. Saketh26 January 2015 at 21:37

      Hello Sir,
      After a 8-Day rally, Nifty broken all major resistances with very very high volumes too. The FII Inflows are also on a high. So there may be a few days of consolidation and correction due to profit booking. At lower level you will have an opportunity to accumulate.

      For intraday as markets are very volatile it will hard to expect anything, what i believe is there may not be any such big movement in the index and its better to be stock specific and trade them.

      Coming to Voltas. For intraday this stock finds support near 253 and resistance around 260. In case if the market momentum positive then this can retest 260 or even break it and move a percent or two higher in case if the market momentum is not so positive then it may find support near 253.

      Thank You

      Delete
  3. Unknown27 January 2015 at 08:31

    Hello good morning sir.....
    Your tips amazing...
    Aap Koi what's up no may bhi tips provide kartha hai kya?

    ReplyDelete
    Replies
    1. Saketh27 January 2015 at 21:37

      Hello Sir,

      Thank you very much for following by blog. Sorry sir I don't provide any tips on phone

      Delete
  4. Unknown29 January 2015 at 09:06

    Ok

    ReplyDelete
  5. Unknown12 February 2015 at 11:07

    Sell Voltas below 254 target 244.01 stop loss 265.01.
    http://rediff.ly/2yw6k

    ReplyDelete

Post a Comment