Here comes june , the monsoon wedding season , a delight for all , hope for stock markets also.
In anticipation of a good monsoon and good quarterly results , we can hope that markets will outperform and many stocks will shine.
However it was very painful to see many high and low beta stocks subliming and bringing in back those scary thoughts of sub prime days 2 years back.
More disturbing is to see nifty and sensex at much higher levels as compared to 2008 but the stocks are subliming to older lower rates with indices at higher levels.
So now if the indices comes down or has to come down then in that scenario we can see deeper corrections in the stocks , in no circumstances will the stocks be able to sustain in falling markets, if they cant stand up markets.
So this is a confusing situation for investors.
Technically the markets has rebounded from near to 4750 , the lows of earlier year and is now trading above 5000 levels but the stocks has just behaved in an opposite way.
Now from a trading point of view the nifty is above 5030 and has strong supports at 4990 levels and are assumed to be up as long as 5000 is held.
On the above side strong resistance is visible near 5090 levels and a closing above 5125 levels will give fresh momentum to the markets.
If the monsoons are up to mark and expectations then we can see a good rally and the increased gdp will also get reflected.
For stock pickers the markets are ripe and at a very good juncture to pick stocks.
The supports for the nifty is at 5000 levels and resistance at 5125 levels.
The supports for the sensex is at 16500 levels and resistance at 17300
ASTROLOGICAL SYNOPSIS
The movement of Sun will be in fixed and Earthy sign Taurus till 15th June 2010 and after that it will transit through the Airy and dual sign Gemini for the rest of the month June 2010. Therefore, during the first half of the month, there could be a long term policy on some of critical issues through international forums. However, during the second half of the month there could be no clear policy on some of important issues, which may create confusion in public.
The movement of planet Mercury will be in three different signs during the month of June 2010 so there could be different trend in the market, which could not prove good for general public. During the first week of the month the transit of Mercury in the sign Aries indicates some upward trend in the market. However, during the period from 7th to 22nd June 2010 there could be stability in the market. During this period the communication on some of critical issues among world leaders can take a final shape and they can announce some good news for peace and prosperity. Again during the last week of the month when Mercury would transit through its own sign Gemini market could be able to gain confidence of investors.
Moon, the beautiful energy that helps us to connect to the finer things of life starts its quick-footed journey from Capricorn and will be in the sign Aquarius at the end of the month.
Planet Mars is the energy that helps us to push forward and attain our hopes and dreams. There is good news for all of us who love to leave in a peaceful society that planet Mars has left its sign of debilitation in the last month after more then six month period. Therefore, the effort of police force and anti terror activities could be successful to downsize the crime graph of the world.
Venus, the planet that signifies our sense of appreciation for good and beauty in all forms of harmony as well as wealth will be transiting through the sign Gemini till 9th June 2010, which could be good for consumer products and stability in prices. However, after that the transit of Venus in sign Cancer till the end of this month indicates good for the entertainment industry. Therefore, lots of good projects and activity could be visible in this sector and would get appreciation and acknowledgement from common people.
Planet Jupiter, which signifies wealth, peace and prosperity in the society, would be continue with its transit through Pisces during this whole month, which is good for common people as well as for financial industry. Therefore, it indicates better comfort as well as financial prosperity in the every sector and class of the society.
Planet Saturn would continue its transit in to Virgo sign during the whole month of June 2010, which is not good for the persons who are going through Sade Sati. However, the transit of planet Saturn in to sign Virgo, would enhance peace and prosperity in the world due to its transit through the friendly sign Virgo.
The eternally retrograde energies, Rahu and Ketu will transit in Sagittarius and Gemini respectively. This transit of Rahu and Ketu may bring significant Karmic changes good or bad in our individual life. However, they could act in a positive or a negative manner on the basis of their placement in the individual birth chart.
The corrective swing from 4786 through 5097 has run its course and now any fall below 5000 on closing basis would indicate resumption of the downtrend. Thus, act accordingly. We still tend to think that the probability of a retest of 4800 if not 4700 levels for the Nifty in the month of June is quite high and this rally for all practical purposes would then seem to be a just a sharp short-covering rally. It would be further confirmed if the Dow tonight loses ground and starts coming down, as it is there had been a failed test of the 200-day MAs by both the S&P 500 and the DJIA.Short term cycles tend to suggest that market is likely to turn down any time during this week and the downtrend thereafter is likely to last longer in terms of both price and time.
For more accurate and precise visit www.astroeyes.co.cc for advance nifty predictions
Stocks to watch
Pfc , dena bank , Karnataka bank looks good
www.astroeyes.co.cc
Yesterday’s calls sent via sms and messenger
Nifty – buy at cmp 5042 sl 5021 targets 5090 , hit sl
Tisco 500 ca – buy at cmp 23.85 sl 22 targets 29 , went 27.20
Nifty 5100 ce – buy at cmp 96 sl 87 targets 110 , went 104.95
Pfc - buy at cmp 292 sl 290 targets 296 , went 300
Billionaire drum Dena bank – buy at cmp 87 sl x targets x – holding
Thursday’s Billioniare drum Tisco – booked full profits at 507 , long from 478
Thursday’s Billioniare drum Itc – booked full profits at 283 , long from 271
Punter Punj Lyod – sell at cmp 129 sl x targets x – booked full profits at 119
Fii Indusind bank - buy at cmp 193.45 sl x targets x – booked full profits at 197.20
Dii Tulip IT – buy at cmp 915 sl x targets x – booked full profits at 941
Jackpot Gitanjali gems – buy at cmp 98 sl x targets x – booked full profits at 109
