Weekly wrap:Trading strategies


Weekly wrap

Nifty view for the week

Inability to sustain above 4960 and a breach of 4830 would indicate weakness till 4750 and below that 4625 in case of extreme panic. Weakness to persist till Nifty trades below 4990.

Sector Trend Reader

BSE Sensex turned down once again and closed below 16,000 mark. The crucial support is now placed at 15,800 level and breach of this level may induce sharp downtrend up to 15,000 mark. The zone of 16,200 – 16,600 will provide strong resistance if any bounce is seen in the current week.

On sector specific, all the sectoral indices; except defensive sectors like FMCG & HC are in downtrend. No sector specific approach in current week as we are observing whether Sensex breaches the crucial support of 15,800 or successfully sustains above this level.

Debt Report Weekly

10 Year Government Bond Yield likely to move in the range of 8.25/8.37% and can test 8.22% levels in a week

Commodity pick of the week: Nickel

Strategy: Sell on rise till 910-912 with stop loss above 928 Target 880, 865

Nickel_POW_040612.pdf
MF_Idea_040612.pdf
Debt_Market_Report_020612.pdf
Weekly_Technical_View_040612.pdf

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