Make or break for market as Dalal Street looks at Pranab

Indian equities are likely to swing wildly as the much awaited budget is presented by the Finance Minister at around 11 AM today. Middle eastern crisis continued to weigh global asset classes as UN imposed sanctions on Libya.

We wish the budget might spring in a surprise in otherwise a market hurt by weak sentiment and global jitters. We expect 2-4 pct move in Nifty today with extreme volatility.

Infra, Banking and Realty stocks might take off on the slightest positive news. We do believe trying to be bullish at times when global markets are nervous and macro economic situation is fragile might not be the best of the things but there is something called "baked in" or "discounted" by the market. While higher crude oil is still a worry, the macro economic situation is discounted.

&O Expiry might be volatile, Crude tops $100 mark

Markets - Expiry likely to be volatile


Markets are unlikely to have a smooth F&O expiry session today. While it is extremely tough to take sides, the open interest data still points to a 5500 close on Nifty which appears tough prima facie.

We believe majority of the stocks are forming bottoms and except for Libya crisis Dalal Street might have taken off next week. Budget might surprise analyst community and the market as there are minor or no expectations.

Few more days of downturn is possible but we are almost there.

Today's Below................5420.00 Mark....Once Again...Favours Bears Only...Below that Mark...NIFTY FUTURE , is Likely to Hit......5400.00 and 5366.00 too .............................So Watch Carefully......

Markets : Subdued two days on cards

Global equities tumbled on Tuesday as the revolt in Libya drove crude oil prices to 30-month highs with Wall Street losing as much as two percent. Asian Markets are trading marginally lower on Wednesday

We believe stage is set for Nifty to trade ranged in the next two days with Players eyeing 5500 tomorrow. Worst case Nifty might close around 5400. Libya crisis is hitting the crude oil prices badly following which Indian government is likely to hike domestic prices soon. Inflation which is cooling-off now is likely to jump again as higher crude prices is likely to put pressure on other commodities.

If not for the Middle Eastern crisis, stage is set for rally in Indian equities in March

Today's Once Again..Below.............5468.00 Mark....Favours Bears Only...Below that Mark...NIFTY FUTURE is Likely to Hit........5451.00 and than....5423.00

Today's......Below.......5527.00 Mark...Once Again..Favours Bears Only...and May Try to Hit........5501.00 and 5483.00 too in Today's Trading Session.

Bulls May Try to Rock the Street.But Only Above..........5530.00 Mark..Above that Mark...

Crude futures rallied Monday along with precious metals Gold and Silver as unrest in Libya raised worries about a potential disruption in oil supplies from the North African nation.

Reliance Industries stock has underperformed the Index from the past one year. The stock defied many analyst predictions of an upmove and here we go with a decent oppurtunity for the stock to prove its mettle. While middle east unrest is a cause for concern, this stock is likely to gain irrespective of the market movement.

Reliance is likely to lead the market rally in the coming days. We believe majority of macro economic negatives are priced at the current levels. Global picture especially Middle East might cause some trouble as Crude Oil is bound to go up. Yesterday's upmove indicates that the news is out in the market prior to the announcement itself

Dalal Street to turn volatile during the expiry week

Global markets are trading higher and moving up despite of increasing tensions and crisis in the middle east. Libya is the latest casualty and slowly but surely the impact of the crisis will be shown on crude oil and Gold prices.

News Bytes

* SBI announces Rs 2,000-cr retail bond issue

* IDFC sees slowdown in lending in FY12

* Hexaware eyes 25% growth, to up headcount to 8,000 in FY11

* RCF to enter rival turf with phosphatic fertiliser foray

* Subsidiaries lift KEC’s performance

* IOB to get Rs 1,054 cr capital infusion from govt

Markets - Volatility ahead of expiry & budget

While there are absolutely no expectations on the budget from investor perspectively, we expect a surprise during budget phase. The only big negative global markets are ignoring is the Middle East crisis which might push cride oil prices and Gold prices higher.

It would be ideal for investors to still wait and watch and start picking up stocks only in case of further slide from current levels

Today's......Below.......5449.00 Mark...Once Again..Favours Bears Only...and May Try to Hit........5421.00 and 5401.00 too in Today's Trading Session......Watch Carefully............!!!



More Pain...Only Below......5391.00 Mark...Below that Mark...NIFTY FUTURE Likely to hit..........5378.00 and 5353.00 too.............



Levels for Bulls......!!!

Bulls--Bulls Aaya.Re.....Bulls May Try to Rock the Street.But Only Above..........5475.00 Mark..Above that Mark...NIFTY FUTURE is Likely to hit........5499.00 and 5517.00 too in Today's Trading Session.......Watch Carefully

F&O data suggests further upmove on cards

Indian equities are likely to extend the run for the sixth straight day today as FIIs continue to buy Nifty Futures.

The F&O game is nicely played by FIIs. The way Indian market sold-off and recovered, we believe lot of innocent investors have burned their fingers in both equities and F&O segment. With absolutely no buying in the cash segment FIIs bought Nifty futures two times this week.

The sole purpose of F&O remains in big jeopardy as few funds are misusing it for their benefits. There is nothing in store for small investors, given the kind of volatility the Street is witnessing from the last one month. There may be more in the offing. While long term investors always win if the company's fundamentals are in tact, traders bear the brunt of manipulated activities

There is one short term resistance which the indices need to cross for them to gallop further. This resistance comes in @ 18542 for the Sensex and 5556 for the Nifty. Above these levels the indices will see the bullish trend continuing. On the lower side supports come in @ 18345 for the Sensex and 5504 for the Nifty. Hold a scrip specific view

Profit booking due on D-Street after a extended pullback rally

Markets - Looking weak

While we expected correction in the markets yesterday, it did not happen. Singapore Nifty is pointing to a gap down of 27 points today. Profit booking is likely in the markets, especially in stocks with major pullbacks.

Nifty is likely to have support at 5350 and 5400 levels. We are not out of the woods despite of US markets showing enormous strength

Let's.....See......Who'll Buy First........As In Today's Trade.......Everyone Will Hurry to Buy this ACKRUTI CITY.........!!!



It'll Open.....Almost 5 to 10% Up.........!!!