What To Expect / Talks & Noises

What to expect today, this week, and going forward

>The markets are most likely to fall next Monday, and go on till Thursday. That's
when FIIs and Hedgies have to start off with rolling their longs in futures. They
had started like that in November and December. Same thing this month too...A
good 10 days before the last Thursday of the month.
So if you MUST, then be only with the tiniest quantum of longs in futures as on
Friday.
Traders of the Nifty should also close all longs that day and be ready for a 70
point fall in it on Monday or Tuesday...and then short it for 3-4 days with a 105
point upper stop.
>Next Wed/Thur would be when most the FII-rollovers would have been
completed and when the Funds would come back to buy. Be ready with cash to
buy off the lows.
>The markets have no price discovery today, tomorrow or on Thursday.
Expect a rising opening because of global stories, then some profit booking, and
then allow the market to drive on its own with cues from Europe at 1.30 pm, and
intraday square-off etcetera.

Talk and noise:

>NTPC and GIPCL to rise till the listing of Reliance Power.
NTPC has been rerated because players think it's terribly low-priced as
compared to Reliance Power.
>The RD of Jindal Steel is 18th Jan.
Noise says this share will rise from today till then.
Stay long and add some more today.
>RCom and RIL will rise today as RCom looks better than Bharti now after they
said they'd launch GSM this year.
>RIL said after market hours that they've struck gas.
In any case, CLSA are so confused about RIL that they simply upgraded their
internal target price in it from the current 3200 to go all the way to 5400 !!.
See the CLSE report we had sent to you yesterday.
Buy for 7-15 days :
>NTPC...till the listing of Reliance Power
>Jindal Steel...till the RD on 18th Jan
Buy for 30 days and over :
>RIL...CLSA have upgraded this share and so are still executing buy orders for
their global clients.
See the CL report sent to you yesterday.