Here is a preview of Stock Market for the week.

Asian equities and markets all around the world fell in the week as U.S. President Barack Obama proposed measures to reduce risk-taking at banks, raising concerns the plans will curb lenders’ profits and hurt the global economic recovery.

Stocks, commodities, gold, and crude oil, tumbled last week, as investors see the end of a great liquidity cycle coming to an end, as the US moves to rein in proprietary trading by banks, and central banks begin to roll back easy monetary policies to curb inflationary expectations.
Central banks of emerging market are likely to start raising interest to fight high inflation. Large sell-off by foreign funds also contributed to the decline.
However, according to the economic advisor of India’s finance ministry, 9% growth rate is seen for the next financial year.
We expect the reserve bank of india to raise the cash reserve ratio (CRR), the proportion of deposits banks needed to keep with the central bank, by up to 50 basis points (0.5%) in its January 29 policy review.

STRATEGY FOR NIFTY FOR NEXT WEEK :

IF NIFTY HOLDS 4937, ONE COULD BUY AT LOWER LEVELS WITH STOP LOSS PLACED AT 4900, FOR TARGETS OF 5085 AND 5150, BUT BE CAUTIOUS BELOW 4900.
MAJOR SUPPORT AND RESISTANCE
Nifty support1 4937 support2 4801 Resistance1 5085 Resistance2 5176

IMPORTANT STOCKS TO WATCH FOR NEXT WEEK ARE

HCL TECH : LOOKING STRONG ON CHARTS AND ABOVE 389 MAY HIT 398-408-415 WITH STOPLOSS OF 370 LEVELS.

UNITED SPIRITS : ALSO KNOWN AS MC DOWELL, THIS STOCK IS ALSO LOOKING GUD ON CHARTS, AS STOCHASTIC OCILLATOR IS SHOWING A BUY CROSS OVER, IN DAILY CHART AND MAY HIT 1320-1350 IN NEAR FUTURE IF IT CONTINUES TO STAY ABOVE 1250 LEVELS, SO KEEP THIS AS UR STOPLOSS.


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