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

Tuesday, August 20, 2013

Nifty crashes to 5306 as envisaged by Acestocktips Team on 31st of July 2013

Nifty Update : Nifty made an intra day low of 5306,Nifty within 80 points of our intermediate target of 5225.Recall our Post and Nifty update of 30th July when Nifty was trading above 5744.We said that Nifty will see savage cut of 450-550 points & trigger for this move would be dramatic fall in rupee.Nifty has crashed by 435-440 points from 5744.Breach of Neckline level coincided with further weakness in the rupee(rupee depreciated to 63.90 from 60.90).Market may bounce back due to oversold positions,however unless and until Nifty trades above 5480/5525 for 2-3 consecutive days,every upmove will be feeble.Markets will stabilize if a) On technical parameters : Nifty trades above neckline level of 5480/5525 & b) On fundamental parameters :rupee stabilizes around 60.80-61.40 level due to intervention by RBI.Govt should not botched up economy by silly measures.It comes to surprise that govt is following an old age adage " Penny wise,Pound foolish" by banning duty free import of Tv's etc rather than withdrawing Food security bill that can sink the economy further.Food security bill is welcomed if the intention of present govt is uplifting of poor people.But like MGNREGA of 2009,Food security bill of 2013 is merely a vote grabbing tactic to camouflage severe short comings of present govt that runs on dual power.We want Hon PM to stand up as an economist and withdraw this bill immediately because currently our economy is in dire straits.There are few whispers going on that India has approached IMF and that Chinese and few Hedge Fund sharks are ready to unleash financial war on India by taking Rupee above 70 v/s dollar.Hon PM & opposition must rise above petty politics and derail such plans by chucking out Food security bill.For daily nifty trading levels with Ace Trading Table check out www.acestocktips.com

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Tuesday, August 6, 2013

Stock market Updates - Nifty updates - Nifty breaches 5600 as Rupee hits an all time Low.

Market updates : Twice in this year we have correctly called the Lows and Highs of Market.In jan 2013 we posted that Nifty will top out around 6180 levels & later we recommended that 5525 would be bottom.Fast forward to July when Nifty was above 6000,we posted that the Rally will not be sustained & Nifty upmove is merely an eyewash because of micro index management by Buying in FMGC,IT & Reliance.So we had a false breakout above 5982 but we gave warning and alerted that this Rally will fall flat,On 15th of July & 30th of July we posted that Nifty has formed Bearish H&S pattern and neckline of H&S @ 5480/5525 will be key Weekly closing level.We gave alerts on 15th July that nifty will not sustain 6000 & market will witness savage fall,Nifty has completed first leg of fall.Rupee at Record low,RBI may resort back to hike key rates.Govt should own up this economic mess.This is not a global issue.There has been no clear cut policy by Govt on various reforms be it in sector of retail or in power or be it Gas pricing.Govt's Food security bill is now seen as more of an Election gimmick to cover up all the mess created by various factions in Govt.India may invite downgrade if CAD & rupee deteriorates further.India's sovereign rating at high risk.Do we have a finance minister? or should we understand that UPA chairperson runs the finance dept?Why Food security bill just prior to election?Its time both Hon PM & FM assert their authority over the section of rival camp in govt that has got not one iota of long term economic implications of populist dole out.Already we are at risk of sovereign downgrade due to high CAD/Fiscal deficit.Reforms that were announced in past one year have failed to enthuse Investors because of flip-flops.A section in Govt is not allowing freehand to Hon PM and FM.Populist measures like food security should be taken when country is doing well not amidst economic crisis.It seems the current polity in the country has taken people's vote for granted.Dole out fake promises & buy out their votes.On all economic parameters, India is pushed back to 2004-2005,any further populist measures & weakening of rupee will peg India back in 90's.The first and foremost task of Hon PM/FM should be : take control of the country.Stop the Food security bill,go for an economic repair,an economic overhaul & sacrifice the politics of election against National interest.Its time both Govt and opposition rise above Election politics & for a change think about country and her People.There will be a better time in future to introduce food security bill,for now Govt & RBI gov primary focus should be economy.Though our bearish call has worked out but as an individuals we all are at pains because our politicians have failed us.Failed to take authority & lead India among other nations of world.A Nation of Billion People with infinite zeal,favorable demographic dividend & great entrepreneurial spirit can now only hope.Hope that Sanity prevails among various politicians & particularly a section within the Govt that wants populist measures v/s reforms.Rupee knocking at an all time low,and Global hedge fund sharks are waiting to take an advantage of this vulnerability.RBI gov & GOI must act & act swiftly.Nifty support levels 5525/5585.Nifty resistance levels 5682/5744.For daily nifty trading levels with Ace Trading Table check out www.acestocktips.com


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