Yesterday’s Prediction: It was really a bad day for the markets &, Nifty down by 100 points. Despite such panic like situation, all three sectors (Paints, Watches & Pharma) predicted by us out performed. Among Paints – Asian Paints, Camlin & Shalimar paints went up by 1.2-10 %. Among Watches – Titan moved up by 2%. Devis Lab, Glaxo, Kopran, Novartis & Sashun Pharma etc closed positive in Pharma space.
As predicted, TITAN went up by 5% during the week.
As predicted, deceptive volatility continued last week. There was not a single trading session when market did not by swing 50 - 100 points. Due to deceptive behavior, markets moved against the expectations. On Thursday (12.05.11), surprisingly better trade data for March came in at 7.3% versus 3.6%. After this news markets started coming down & Nifty closed negative by 78 points. Again on Friday (13.05.11) after the announcement of election results, where DMK – UPA alliance lost in tamil nadu, markets cheered it & Nifty went up by about 110 points, finally closing positive by 58 points. Be cautious, such deceptive behavior will continue in coming weeks also.
As predicted, deceptive volatility continued last week. There was not a single trading session when market did not swing 75 - 100 points. This was without any valid reasoning.
As predicted, volatility & deception continued last week. On Monday, Nifty after touching high of 5897, closed at 5732. It was without any negative news & this development occurred due to the change in the position of Planet Mercury at 11.27 am, and after that down fall started & in no time nifty lost 165 points. Whosoever desire to know the factual situation, he may visit our office with prior appointment and we will place the facts before him.
As predicted,last week, volatility & deception continued. There were only three trading sessions last week. In one session, NIFTY was down by 50 points & in next session it was up by 125 points & in third session it again went down by about 100 points.
Last Week’s Prediction: Nifty up by .3%. As predicted, all 3 sectors, Oil Drilling / Exploration, Capital Goods & Banking/ Financials out performed. In Drilling / Exploration – Dolphin, HOEC, Aban Offshore & Asian Oil Fields went up by 13-32% & was one of the best performing sectors. Among Capital Goods – Crompton, Alstom, Bhel, Areva T&D & Bharat Bijlee moved up by 5.5-16%. In Banking – Axis, Iob, Karnataka & Vijaya Bank by 4-12%. Among Financials – Gic Housing, Canfin Home & Gruh Finance by 7-12%.
It was predicted with blessings of Lord Ganesha on 23rd March 2011, that with change in planetary position, Markets will move up steadlily, with upward bias uptill 1st week of April 2011. In last 15 days, it was one sided steady upward trend for market without any abrupt volatility & Nifty closed positive on all trading sessions.
Last Week’s Prediction: Nifty up by 3%. As predicted, all 3 sectors, Banking/ Financials, Cement & Capital Goods out performed. The rally during the week was predominantly led by Banking / Financial stocks & in Banking – Yes Bank, Hdfc Bank, Andhra Bank, Dena, Vijaya,, Dcb, & Federal Bank moved up by 6.7- 10%. Among Financials – Hdfc, Gruh Finance, Gic Housing, Lic Housing & Devan Housing up by 9.7 – 24%. All cement stocks - ACC, INDIA, MANGLAM, PRISM, AMBUJA, SHREE CEMENT & JK LAXMI were on fire on Wednesday & went up by 4-11 %.
As predicted last week “Markets will move steadlily, with upward bias uptill Ist week of April 2011". Despite heavy over bought position & short calls, markets refused to come down. During last week, it was one sided movement with heavy volumes. This is because very strong astrological support markets are receiving.