Hi All,
Sorry I could not write my outlook for the 21 Dec.
Today market opened gap up on basis of global cues. The market was looking weak at Monday's Closing but big moves in Dow made the Gap up possible.
But most important point that market maintained the gains and closed near high of day. This is good signal for the market. We can expect more upward movement in the coming days. But day wise the movement will be small in % gain as there is lot of resistance in the market.
This is best time to write the options. As options premiums are decaying at fast rate and the market is rangebound.
As i mentioned earlier keep an Eye on Banks . Yesterday when Nifty did so bad the Bank Nifty closed in +ve. This shows that there is short covering in the Bank Nifty.
In the coming few days we can see more gains on the Bank Nifty relative to Nifty. But still i would like to mention keep your trading restrictive as there is no big news or event to move the market in any direction.
Now this is time of Stock Specific action. If you are able to choose some good picks then go for the same as from Nifty we cannot expect much in next few days.
Keep an eye..
Even today we got a mixed reaction from the Experts:-
3:00 PM - In an F&O call, buy Nifty December futures with a target of 5000-5170 and stop loss of 4950, says Kiran Jhadav, technical analyst, on CNBC Awaaz. » Send to friends
2:58 PM - In an F&O call, buy Nifty December futures with a target of 5030 and stop loss of 4950, says Nishant Jain, technical analyst, on CNBC Awaaz. » Send to friends
2:55 PM - In an F&O call, buy Nifty December futures with a target of 5010-5040 and stop loss of 4950, says Rohit Srivastav, technical analyst, on CNBC Awaaz. » Send to friends
2:52 PM - In an F&O call, sell Nifty December futures with a target of 4950 and stop loss of 5050, says Neera Jain, technical analyst, on CNBC Awaaz. » Send to friends
2:48 PM - In an F&O call, sell Nifty December futures with a target of 4950 and stop loss of 5050, says Neera Jain, technical analyst, on CNBC Awaaz. » Send to friends
2:45 PM - In an F&O call, sell Nifty December futures with a target of 4940 and stop loss of 5040, says Parsh Zaveri, technical analyst, on CNBC Awaaz. » Send to friends
It is good place where anyone get chance to know an investor experience....Real time :)
ReplyDeleteGreat Show !!
Mithun ..what is the next market move?
ReplyDeletewhich sector is likely to see long-term secular growth and who are early movers?
Hi Abhishek,
ReplyDeleteAs per the long term growth most of the sector will do well as india is a long term growth story but if you want to pick any sector then i will recommend the OIL and GAS sector . Power sector will be also be next boom but for that you have to be very choosy about the scripts.
As per the early movers are concerned Auto looks quite attractive for the short term.
Sorry for delay in replying.
Hope to hear from u soon . Bye :)