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Prediction given (before 1-2 days) on Sunday 05:10:2014
Indian stock market, intraday movement and affecting factors. (about) Tuesday 07:10:2014
Key Predictions:
- Opening Trend:
- Slightly negative opening (10-15 points down).
- Expected recovery and upside movement during the day, with resistance at various intervals.
- Sector-wise Performance:
- Positive Sectors:
Banking, finance, pharma, FMCG, infrastructure, agro products, power, oil & gas, metals, and realty. - Negative Sectors:
Entertainment, education, healthcare, and hospitality.
- Positive Sectors:
- Nifty Range:
Predicted range: 7905 – 7985. - VIX (Volatility Index):
Expected lower, indicating reduced volatility and more stable trading conditions. - Global Market Cues:
- European Markets: CAC and DAX positive.
- US Markets: Nasdaq positive.
- Asian Markets: Strait Times, Kuala Lumpur, Hang Seng opening positive.
- Intraday Best Trading Timings:
Specific time slots (e.g., 9:40–9:55, 10:05–10:09) were given for safer order execution, minimizing risk. - Currency and Commodities:
- Dollar/Rupee: Predicted stability for the Rupee and slight resistance on the Dollar upside.
- Bullions (Gold/Silver): Expected price resistance and possible upward movement.
- Crude Oil: Price expected to move up.
- Institutional Sentiment:
Positive outlook for Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs). - Government Policy and RBI:
Government expected to maintain market stability, adding confidence to investors.
Best Stocks to Trade:
ITC, PNB, Tata Global, Jindal Steel, LIC Housing Finance, Tata Steel, UBL, BPCL were suggested as potential buys for intraday or short-term gains.