Tuesday, May 13, 2014

Nifty achieves our target of 6890,Nifty hits 7000 mark as predicted by us on March 18th.

 
Nifty Update : Nifty achieves our target of 6890 envisaged on March 18.Since Oct/NOV 2013 we been very bullish on markets & recommending buy on dips.We said that Nifty will not breach 5944 & strong govt led by Narenda Modi will see bulls achieving dizzy heights .We have been bullish on market & predicting Nifty touching 7000 levels on account of change in govt.Exit polls are also pointing towards Narendra Modi led BJP forming stable govt at center.Nifty may face minor resistance at 7310-7325.Should Nifty close above 7310-7325 for two consecutive days & coupled with weekly close of 7325 we can expect levels of 7930-8160 by May 30th.Going forward,Narendra modi has tough task on his hand to fix the economy.Post 16th May, exuberance will temper down as market will realize that it has run ahead of fundamentals.However govt formation & upcoming budget of new govt will keep animal spirits high in the market & we may see unexpected level by month of June-July.Now focus will be on 16th May.If  exit polls results collaborate with actual results ie BJP gets 240+ & NDA gets 280+ we can expect revival in the economy & investment climate will dramatically improve.GDP growth,Inflation & infra bottlenecks will be prime the focus for new govt..Subscribe our Advisory services for profitable trades in Nifty,stock Nifty & equity.All trades are given with risk management and fund management with 3d strategy of Technical,fundamental & psychological analysis.For advisory services click - http://www.acestocktips.com/ShowCategory.aspx For daily nifty trading levels with Ace Trading Table check out www.acestocktips.com

Tuesday, December 3, 2013

Nifty trend - State elections results on 8th of December will be a trend decider.



Since Nov 13th, Nifty trend is clearly buy on dips as articulated in our post made on Oct 28th & Nov 13th.We were of the view,that Nifty will not breach 5981/5944 & traders should employ buy on dips strategy.Going forward, Nifty will remain range bound up until 6th of December.State election results will set a new trend for Nifty.Stock market perceives BJP win as a positive for market.Should BJP win 3 or 4 states Nifty may breach all time high and scale up towards 6500-6600 by Dec-Feb. On Flip side, if Congress wins 2 states ( excluding mizoram),market may sell off to levels to 5944 & 5744.Macro data released in past 2 weeks were mixed bag.The macroeconomic data released last week show true picture of Indian Economy.The weak order books of capital goods firms tell the same story of a moribund investment cycle.Till the investment cycle picks up pace, the GDP will not perk up. GDP data for September quarter showed a minor improvement over the weak June quarter, but much of the recovery seems to be driven by good monsoon.Besides,depreciating rupee helped in the exports.Until core economy performs well, there is little or no change in the growth outlook.With General elections coming up in next 6 months,expect no miracle on this front, at best the govt can maintain status-quo.Though Govt can tom-tom about CAD,the inflation & fiscal deficit are still a big worry.Most of the union ministers including FM,HM are competing among each other to vie for post of MODI BASHING MINISTRY.Govt is better off to let spoke persons do this job instead of senior ministers.Delayed tapering and easing of geopolitical tension are golden opportunities to set the economy in order.Lets not squander this opportunity. Nifty's immediate Resistance levels are 6291 & 6342. Immediate support levels are 6162 & 6082.
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Sunday, November 3, 2013

Muhurat Trading levels - Nifty may hit new high above 6331 Resistance level.

AceStockTips Team Wishes Shubh Deepavali And Prosperous Samvat 2070 To All The Investors And Traders.


Muhurat Trading Levels : Nifty is hovering around 2008 high,we mentioned in our previous post dated 28th Oct,that this time around,Nifty will cross 6300 & we may see new High.We were of the view that this market is buy on dips.Nifty rallied from 6082 to current levels 6307.Today being Muhurat day,market may not give a big move,however should Nifty stay above 6309 & cross 6331 during intraday we may see new high of 6360 in this short session of 90 minutes.




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Monday, October 14, 2013

Nifty back to congestation zone 6182-6232.Will Inverse H&S pattern trigger 400 points rally?

Nifty Update : Nifty is getting closer to congestion zone 6182-6232.Nifty has reacted sharply on downside around this congestion zone.It happened in Jan 2013,May2013 , july 2013 & Sep2013.However,we believe that time around,market may give surprise move on upside.The triggers for current rally are 1) Course correction by RBI,some of retrograde steps that were taken in August were reversed 2) recovery in rupee & 3) delay in tapering.On sep 5th,we said that Rupee has made double top around 68.50/68.70 & recovery in rupee will trigger rally in nifty.Though Indian macro data are not yet comfortable,market is factoring 3 things a) US will resolve debt crisis b)Tapering may be postponed to 2014 or tapering may be lighter & c) Year end Global liquidity rally. On daily & weekly Charts,Nifty is making bullish Inverse H &S pattern & should Nifty close above 6182-6232 for 2 consecutive days + Weekly close,we may see new high in the market.This breakout may also take hue of pre election rally and should Fed delay taper in 2014,Nifty will surprise traders on upside,the probable targets would then be 6660-6730.As articulated in our earlier posts we are of the view that as long as Nifty holds on to 5744/5585, this market is buy on dips and Inverse H&S pattern will play out in due course.For now, Support levels are 6063/5944 & Resistance levels 6182/6232.



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Thursday, September 19, 2013

Bulls on steroids after Fed's surprise decision to stick to stimulus.

Market Update : Nifty above 6080 level on the US Fed decision to continue buying bonds at the current rate of $ 85 billion a month for now.Bulls on steroids after Fed's surprise decision to stick to stimulus.This also means that US economy is not recovering to the pace anticipated by FED,which opens the door for double dip.Should this move of FED be also read as preparation for US to strike on Syria? Maybe US do not want double whammy in form of tapering & strikes on Syria.Nifty is back to its earlier high seen in Jan 2013 & May 2013.Market is deceiving as only few selected stocks are participating in rally.Not getting into the euphoria,downgrade threat still looms large on Indian markets.The extension of global liquidity has given the Govt an opportunity to remove imbalance in the system.Govt should bite the bullet and undertake strong reforms or this rally may also end abruptly like previous rally seen in Jan and May 2013.Liquidity is a double-edged sword & until core economy improves,current strengthening of rupee and subsequent market rally may not sustain for longer period.As soon as liquidity tap is tightened the market will fall at much faster pace.India's woes w.r.t CAD/FD persists.Bottlenecks should be removed to pave way for secular recovery in economy.At 5120,we posted that should nifty close above 5225 & 5525 we may see strong bounce back in the Nifty.We were of the opinion that Nifty may cool off at 5895/5944 level.However last night surprise move by Fed has given further impetus to bulls.Market will take further cues from new RBI governor RR in his maiden monetary policy announcement on Friday.RBI's priority will be to boost investment cycle and revive economic growth.Given that growth in the economy is at a low point, business confidence is weak and the investment cycle has come to standstill we expect RR to initiate measures that will kickstart moribund economy and boost the investor confidence.Govt should follow up by removing bottlenecks & pave way for reforms.Will the Govt take this opportunity to set the house in order or squander the opportunity?Looking at past track record we have serious doubt on Govt's priority.Immediate nifty support and resistance levels are 5944/5862 support levels & 6092/6182 resistance levels.Subscribe our Advisory services for profitable trades in Nifty,stock Nifty & equity.All trades are given with risk management and fund management with 3d strategy of Technical,fundamental & psychological analysis.For advisory services click - http://www.acestocktips.com/ShowCategory.aspx For daily nifty trading levels with Ace Trading Table check out www.acestocktips.com