Nifty view-5116:
Nifty has been making higher high for last 6trading days and today Nifty fails to cross and if Nifty moves below 5040 then fresh down-move are possible, there can be more pullbacks but as we near sell-zone 5200 supply is very high. After 19trading days gain from low of 4675 market unable to cut high of previous day will be first sign of weakness. If Jan2010 High of 5310 is not crossed with volumes there is a very high risk of big correction.
March being month of Taxes and Tax planning Liquidity will be a problem with mega NMDC FPO and MF being sellers and rising interest rate is sucking liquidity in the system be invested in good stock only. We maintain our target of 13k in Sensex before any reasonable recovery. Global crisis is still lingering with Dubai, Greece, Poland and Iceland in focus for the week and strong Dollar index is still a worry and Rupee also rising along with Dollar making India one of the strongest economies
http://in.reuters.com/article/
VIX gives caution:
India VIX is 20.74 and last time when it came to same levels, Nifty fell from above 5200 levels to 4700 and now once again we are having the same pattern so caution is advised. Receding volatility has normally given way to big swings in market and leveraged positions should be kept to the minimum in my view.
JUBILANT breaks out:
http://interactive.
JUBILANT Cmp Rs.342 is a Break-out above Rs.361 after which the stock can likely touch its all time high of Rs.400 in short term 2days back we introduced this stock in our FABULOUS-15 as investment now with volume increasing this can be a good trading stock also.
TATA MOTORS caution advised:
- German carmaker Daimler is selling up to USD 429 million worth of shares in Tata Motors at a discount of up to 7% to the stock's Monday closing price, sources familiar with the matter said. Daimler is offering 25.6 million shares in Tata Motors at 737.4 to 761.3 rupees each, a discount of 4 to 7% below the stock's Monday close of Rs 796.75. The shares represent a 5.34% stake in the firm.
- Tata Motors production fell 10% to 12% short of its target in the past two months due to a shortage of auto parts, a senior executive said Monday. Rajiv Dube, president of Tata Motors's passenger car business, didn't elaborate while speaking to reporters at a press conference. He also said the company is facing pressure on its market share in the utility vehicle segment, where it sells models such as Sumo Grande and Safari. Tata Motors' market share in the segment has fallen to 17%-18% from 22%-23% two years ago, he said, without giving any reasons. Dube also said the company will launch a new Jaguar model in India by June.
- Daimler selling stake can keep the stock negative and production & market share falling can make investors nervous about this stock.
Take Informed View, says SEBI
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