Hi Karthik,
RNRL was supposed to breach 103.80 today, well it dint happen,even nifty too dint reach 4460, But nifty did manage to climb up as i said, tomorrow nifty may open in green but the run up is not as assured as it was today, Nifty was suppose to hit 4460 range today before shifting back, it dint happen though.... Closing was not bad, so i feel RNRL should breach the 103 level tommorow provided markets remain in the mood as it was today(but i feel todays bait in markets for investors was a little less),be with a strict stop loss as nifty was bound to give a bounce upto 4460 before seeing 4300, But i feel the mood would be good tomorrow, if any crack tomorrow then Nifty will straight head towards 4300 levels, Regarding RNRL, it has been performing good, the sensex and nifty stocks if rallied will take RNRL to 109, but there is one big thing doubting me, that Nifty had to cross 4460, it dint. Keep a Strict SL and play, and to inform you... RNRL has huge long positions built! But still play with a SL for we never know when the directions may change, It shall open in green and surely give you gains, Lets watch it tommorow.
Regards ...

Hi Pal,
Well, very true, RIL,L&T,INFOSYS,HDFC reveal where exactly markets are headed towards, but what we are seeing is half of the pack trading 2-3% above the other half 2-3% lower, it is swinging Nifty in no where Zone! Well seeing today, i think we might not see 4300 so easily as thought(we may see nifty at 4460 before wednesday), market is giving back the resistance, all the Nifty stocks are getting covered after morning Shorts, Yes and to add i do follow the open interests Build up in F&O space, It gives alot of day trading hints.
Regards...

You are right!
we have been seeing Gap up openings from past few weeks, it is not a good sign of markets actually gaining with Gap up's, for when we had corrections it goes with slow drift which means it wont recover soon, this is what we saw on thursday, For Gap up & Gap down openings its sure that it is temporary, only to give traders a chance to play, for a market has to recover slowly or fall slowly, these Gap up opening only suggest that it wont sustain very long and so do Gap down openings. Yesterday we saw selling, in a perfect slow pace.
Regards ...

Hi Karthik,
Firstly let me wish you and all boarders a very Happy Independence Day!
Hmmm, A correction was bound to happen... it did,For now we are stuck in middle of no where, In one view Inflation is 12.44% with very high interest rates and on the other side we are having a smashed out Crude price and Particularly GOLD! Gold has fallen below 0 mark to 790 levels, On Friday the selling was mainly delivery based, people are getting out of postions, and delivery selling indicates investors selling rather than traders. Markets will surely open in red on monday or be a bit weak as the high inflation number is surely going to dampen sentiments, on the other hand we are seeing Crude and Gold falling, more than Crude Gold is more important as it indicates Dollar strength inversly(have to see how much comes into indian markets), Markets will remain choppy, that is if in red will go green and again several times a day, But Reliance Industries is bound to do good, and it has the highest weightage on sensex and nifty, so it would heal the crack with other heavy weights like Infosys, L&T which will support the nifty to other which will fall like DLF, Unitech. So it would be stock specific markets on monday from my View, Realty is surely going to new lows, 12.44% inflation with high interest rates is surely a bad sign for the real estate and equity markets as a whole, lets see how it shapes up. I\\`m looking to Grab HDIL at 300 on the day the bonus issued. RNRL seems Flat. Will Take a call on monday itself, but i do feel that nifty will see 4300 levels next week.
Regards ...

Hi Boysi,
I forgot to mention in other factors like inflation and fiscal deficit, also the PM Economic panel which was roaring two months back saying we'd surpass 9% growth has lowered the growth to 7.7%, What investors tend to do is they get lured by short fast run in markets, which shows the signs of confidence and strength for no reasons to further some time boasting the investor morale to invest and go longs only to finish up with grabbing all their investments.
Regards...

Today Japan was down and they are expecting it to run into recession, the second largest economy, people dint even notice it and kept covering shorts and buying thinking SEBI will clear a ban on P-notes, all just forgot everything just to hope that SEBI will do something and bring news for markets to move up, but it dint happen nor has the fall of the world indices and the econonmy figures was factored in and discounted, all just will te taken into account from tommorow,
Today even Crude inventories fell, it gained 2$(high 117$) and Gold too Gained pretty much (commodities is back on track), agri produce lowered to 2% than 4.5% for this year, Dollar is falling against all currencies, rupee is falling against the dollar.... I feel, the markets are being pushed up forcefully, i personally feel that tommorow there will be a crack in the market and stocks will start to fall. People forgot that we cant keep partying and rejoicing very long when our neighbors/family(World Markets and economy)are falling to the shabbles.
Regards ...

Hi Friends,
Its best time to buy nifty 4600 PE & 4500 PE
Reasons:
Today Japan was down and they are expecting it to run into recession, the second largest economy, people dint even notice it and kept covering shorts and buying thinking SEBI will clear a ban on P-notes, alot was forgot everything just to hope that SEBI will do something for markets to move up, but it dint happen nor has the fall of the world indices and the econonmy figures was factored in, all just will te taken into account from tommorow, Today even Crude inventories fell, it gained 2$ and Gold too Gained pretty much, Dollar is falling against all currencies, rupee is falling against the dollar.... I feel, the markets are being pushed up forcefully, i personally feel that tommorow there will be a crack in the market and stocks will start to fall. People forgot that we cant keep partying and rejoicing very long when our neighbors/family(World Markets and economy)are falling to the shabbles.
Regards ...

Dear IT, I have taken a long position on one lot of rnrl at the closing hours of trading today. Please let me know your opinion on rnrl and insight ,if any, about its movement for tomorrow. Regards...

Hi IT, So far so precise. Seems like your call on nifty 4300 is near. Do you watch the Open interest build up in Index options and Certain heavy weight stocks like LT n RIL. they seem to reveal a lot. Wahts your say on that??. If 4300 is to happen it will be maily due to DLF led realty n ICICI led banks. Today both of them were tame. Though the turbulence beneath was felt in their sectors. Regards...

Dear IT, A gem of a analysis. Kudos to u. I came out of all my shorts though at a paltry profit...it cracked in the last 30 mins n i squaredoff before that. Suggest me whether can we re enter at sub-95 levels.. HDIL today crashed big time..bringing back memories of july first week. Congrats again yar for a spot on analysis Regards...

oh forget to add: Nasdaq is just two points down. I hope that in light of all that negativity you would like to spread, 2 points is nothing! :) Those markets are very much under the control of Smart Money! Check out in few days! FIIs are already not happy to see Global Rally across the world! :) Gud luk & happy investing!:)...

Dear inves_t_rader, Do not worry about all those BS! :) Market do not go by FEELINGS :) Emotion is the worst way to take decision about equity market! Two days back, when Oil was DOWN. Ppl reported that equity should go down. Now when oil is UP, ppl expect equity to go DOWN. So net result, whatever happens, equity should go DOWN! :) Oil would go down again in coming days! :) Watch YEN DOLLAR ratio, that has shown GOOD improvement! :) Stock market looks to FUTURE, not to past or present! Look at history... When common street ppl expect least to make MONEY, that is the time to MAKE money... :) As BUFFET says, Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful. :) :) GUd luk & happy investing! :)......

I strongly believe that our market have rallied too much in too shorter period. There is no fundamental reason for such a big rally except that crude price have fallen by over 20% i.e. every thing is same except crude price. All the other problem still persist like Inflation, Fiscal issue like budget deficit, slowdown in economic growth etc. I will not be surprised if we may retest earlier low and also go down below that levels. One major cause of worry is that this rally mostly driven by traders which is not sustinable for long period and not by FII or DII buying....

Hi IT Whats your take on todays market movement??. HDIL fell badly. But RNRL was bullish right from the word go. Do you any inputs on RNRL from any of your links??. I shorted RNRL on friday last week and still not able to come out of it. Regards...