NIFTY VIEW

Nifty last week broke the 5,600 level by making the high of 5,605, but it failed to sustain above 5,600 level, as a result towards end it came down and gave close at 5,516. But as per the bullish hammer candlestick pattern it has formed last to last week, this closing of 5,516 was positive and confirms the hammer pattern. Hence we can now expect Nifty to break and move above 5,600 level. But it’s difficult to tell when it will break this level, because 5,600 is strong resistance and Nifty may move sideways at present levels before it breaks this level and moves further up. Downside Nifty will get support at around 5,450, breaking this level Nifty will come down to its recent low of 5,328. Unless Nifty doesn’t break and sustain below 5,450, it remains buy on dips.


FOR V.S.S. SECURITIES
ADITYA SINGH
+919821521234
http://www.vss-securities.com/

1ST RAIN SHOWER

Short term pains, long term gains…

1. Improvement in agriculture with good monsoon will give food security and is also positive for the fertilizer stocks like GSFC, COROMANDEL INTERNATIONAL

2. The agri improvement should be reflected in FMCG companies going forward with ITC, GODREJ CONSUMERS and HUL performing. The index has made all time high.

3.In the near term auto, banking, capital goods sector would be facing pressure while pharma, fertilisers and FMCG would be safe bets in these markets.


Stocks that look attractive

JAGRAN PRAKASHAN, KAJARIA CERAMICS, COROMANDEL INTERNATIONAL, PTC INDIA, EDUCOMP, GSFC, CUMMINS, EIL, IL&FS TRANSPORTATION NETWORKS, LUPIN and SUNPHARMA