TSR NIFTY UPDATES- Week beginning 29.12.08-Visit www.Niftyviews.com ..Happy new Year. www.Niftyviews.com
Dear Friends, I had mentioned a weekly resistance level at 3113 in our last week Nifty update. It was clearly mentioned that unless 3113 is crossed Bears have a wild card entry due to settlement. We can attribute two reasons for the down move. One being the Settlement hangover and the other Indo-Pak tension. I believe the latter played a major role in bringing the markets down. The last trading week of the year ended in a bear mode with Nifty falling 7.18% in the entire week. The markets do react to the political cues sooner or later. We might see a sluggish opening due to the Israel strike on Gaza strip over the weekend. One needs to watch how crude reacts after an Initial flare up on the above-mentioned issue. I will be personally surprised if Crude sees an immediate recovery on the Upside. I have reasons for the inference from my own observation. Here is an article on Bloomberg on 8th of December titled," Contango Pays Most in Decade as Shell Stores Crude." There is a 34% premium to crude oil prices of next December in the Nymex contracts. After paying for storage costs approximately 11% can be the safe return of Investment. If the premium holds in coming months we wont see a sustainable upward rally in crude oil in coming quarters. Fundamentally I like Peter Lynch more then Warren Buffet. Its true the latter has been much more successful in his investment ideas compared to the former. I would like to share one practical observation that I have recently noted. One of The daily national newspaper has seen a recent price hike of approximately 25% in MRP. The company is unlisted and is part of India's largest news media group. One more major south based financial daily has reduced the number of pages in its business daily. I believe the number of advertisements has drastically reduced in the newspapers. One can come to the same conclusion after seeing a number of blank billboards throughout most of the cities in India. Truly the advertisers are having a tough time. Next quarter should be really tough for media companies. Coming to the Nifty if one joins the trend line of October lows with those of November and December we get a support level of 2790 in Nifty futs. If on Monday Nifty manages to close above 2860 we can retest the resistance level of 3000 in nifty. At the same time down move will accelerate below 2790 odd levels in Nifty. One should note that the put writing is visible in 2800 strike and call writing at 3100 odd levels. One can contact us for EOD DATA of cash and future scrip of nse.Kindly email cont...@niftyviews.com for the same Nifty support-2790,2695 Nifty resistance-2998,3081 WEEKLY CALL UPDATES : BUY CALL ON ABB WAS TOLD TO EXIT AT FIVE RS BELOW COSTS. BUY CALL ON CINEMAX OPENED NEAR 1ST TARGET SO CALL WAS INACTIVE AS SUCH. FUTS SHORT CALL ON CESC ACHIEVES BOTH TARGETS..GIVES PROFITS OF Rs. 10450 PER LOT FUTS SHORT CALL ON HDIL ACHIEVES BOTH TARGETS..GIVES PROFITS OF Rs. 7740 PER LOT CLIENTS ARE REQUESTED TO BOOK 50-60% PROFITS AT 1ST TARGET WEEKLY CALLS : Be a TSR premium delivery client for as low as 550 per month on annual subscriptions Get free updates on your mobile phone. SMS- JOIN Sresearchers to 567673434.for our market updates We are giving a free trial to register FOR FREE TRIAL using your phone, SMS 'ON SRESEARCHERS' to 09870807070. Refer http://docs.google.com/View?docid=dkh7xb6_4dff7hx Portfolio advisory under Comeback plan with a Model portfolio. * Model portfolio of 1 lakh rupees mailed 21 days ago to premium weekly clients as a comeback plan is giving a decent return of 20%.We shall review the portfolio every fortnight.Target for model portfolio is an aggressive 60% returns in an year.If you are interested in the comeback plan mail us at stockresearch...@gmail.com If you want this newsletter to be delivered in your mailbox - Please subscribe http://groups.google.com/group/STOCKRESEARCHER/subscribe If You like the NiftyViews Blog kindly let others know about the same.invite people using http://groups.google.com/group/STOCKRESEARCHER/members_invite INTRADAY CALLS VISIT HERE http://stockrumours.blogspot.com/ email to stockresearch...@gmail.com for payment details of our premium membership HAVE A GREAT TRADING DAY VINAYAK TEAM STOCKRESEARCHERS Your feedback is important to me :-). Please share your comments. Vinayak Admin T.S.R http://www.niftyviews.com/ -- For All Your Stock Markets query and solutions Visit http://niftyviews.com/ Join our google group http://groups.google.com/group/STOCKRESEARCHER/subscribe
