NDPMS Wealth Management

New Delhi:  The UPA 2 will present its interim Railway Budget on Wednesday, with a change in fares unlikely. It is the last Rail Budget for the UPA 2 before the Lok Sabha elections and the past five years have been a turbulent phase. The question is whether things are on track. This will be the last budget of the most turbulent phase of the Indian Railways. The two parties that ruled the railways in the past five years blame it on each other. "Pawan Bansal was accused of bribery, Mallikarjun Kharge is of no use, both spoiled the railways," said Trinamool Congress MP Saugata Roy. But Congress MP Oscar Fernandes has said that Railways is on the right track. "Railways is on track as development is taking place," Fernandes said. In the past five years, the Rail Bhawan saw six new ministers. For the first time in 17 years, the portfolio went to the Congress. Pawan Bansal did end 10 years of populism by announcing a hike in passenger fare, but soon exited on charges o...

#thestocktalk February 04, 2014 After a series of gap down openings last week, Nifty continued this latest trend and had a gap of -40points straight away at 9.15 today morning. It was at that moment trading at its 200DMA, however Nifty showed its metal and gained to cover the gap up. All the credit goes to the heroics shown by the Bank Nifty led by PSU banks. Still the forecast concerning nifty and banknifty movements look very grim and hence one should adopt pt sell on rallies strategy. One may short banknifty, or nifty or high beta stocks at banknifty levels above 11350 - 11400 with a stringent stop loss of 11450. Stay cautioned. 

RBI raises repo rate by 25 basis points shocking the dalal street yet again as status quo was expected by more than 90% of the market analysts. High beta sectors, specially banking now stands on the edge to a yet another breakdown. One may expect 6050  levels at Nifty to be breached if market consolidates along these levels for this week or so. Stay cautious !!

A sloppy day for trade today. Not much movement seen in Indian stock markets all because of American off. Nifty has closed at 6300 levels still maintaining a sense of bullishness. BankNifty too moved ahead a bit from its major major support edge of 10810 levels. Falling from this level and sustaining it for a session or so shall be same as falling from a 1000 ft flat cliff. Holding this level for another one week shall signify a huge upward movement and may help Nifty cross its all time high barrier.Be watch full !! Reliance posted strong results however did not show up in its stock play today, probably macro factors weighing more than its micro parts. AsianPaints on the other hand has put up with negative ratios and for such a result sensitive stock, its definitely not a good news. Our call is to short its futures @ 490 levels with a target price of 480, with an targeted profit of 5K.

#thestocktalk - January 17, 2014 After testing the resistance of 6330 level yesterday, a fall out back into the 6120-6300 zone was surely on the cards. Nifty crossed below an important level of 6317, retested the 6300 as a resistance level ultimately falling down the 6282 level and ending up at 6272 levels today. Our caution is still maintained as the various daily momentum indicators speak different languages. Same was the script presented to BAnkNifty by the sole power. BankNifty too has been pushed below 10976 level and is now staring a crucial support level of 10805. Cutting across below this level would mean a huge 3-4 % fallout out from current levels for beta sectors. Keenly waiting for "Big Boy" Reliance's Q3 earnings report at 1700 hrs today.

Cnx Nifty faced resistance at discussed levels of 6320 - 6330 levels and closed at 6318. Though it failed to  breakout to the upside above the resistance levels, it made sure, that it did not slip below the 6300 levels which shall clarify a bullish trend with buy on dips strategy across all large cap and mid cap stocks. On the banking side, bank nifty continued to show the bullish spark, however some selling pressure due to profit booking was witnessed. Stocks or the sectors to watch out are IT & Telecom and keep a keen eye on Reliance which has formed a W formation on technical canvas. Stay away from financial / banking sector until further clarification. Lemme tell you, if nifty has to break the significant level of 6320-6330, banking sector has to give its full support !!

CNX Nifty closed just above its daily 21 moving average. Nifty untill yesterday had been range bound with the band of 6250 on the upside and 6150  to the downside. However yesterday it seemed to have broken above the weekly band and has closed just above its 21 MA today. Traders still need to wait until there is a breakout either above or below the range to make long or short positions in high beta sector respectively. Stock Watch: Since the tricky nature of Nifty for the day persisted, it is advisable to have a micro view and be stock specific. Short PFC (power finance corp), Jan Series @149.5 levels with a target of 145 (3 %) to the downside. Keep a stop loss at 150.5. Trade days: 2-3 sessions Long DivisLab @ 1280-1285 levels with an upside target of 1340 (3%) with a stop loss of 1265. Trade Days 3-4 Sessions