The Indian market staged a stunning upward journey on Friday in anticipation that the European Union Summit would have a positive outcome. Appreciation of Rupee against Dollar also backed this up move. The Sensex was jumped 405 points in intra-day trade, but closed at 16846.83 (+363.38), NSE Nifty Spot was at 5050.15 (+113.30) and Nifty Dec Fut. at 5093.80 (+130.05).
Last week market witnessed the biggest weekly gain for the Indian Markets in 2.5 years. Sensex was up 7.3% and Nifty was up 7.2%. CNX Midcap Index was up 3.3% and BSE Small cap Index was up 2.3% over the week.
Many of the experts feels that this is the begining of a new bull run and they expect Nifty to move above 5300 mark this month. But before that a positive solution for Euro-zone crises is expected.
Nifty watch for 05.12.11
Now the trading range for Nifty fut is 4885 to 5250. There will be stiff resistance for Nifty Future at 5137 and 5179.50. Above 5179.50 Nifty may hit 5213.90 and 5248.80
Strong support for Nifty is 5007. Below 5007 mark Nifty Fut may touch 4972 and 4937.
Buy at low level & sell high level is suggested.
Nifty Trading Tips for 05.12.11
Buy Nifty Dec Fut at 5051.10 SL 5007 TGT 5107/5120/5133
Share/Future/Options Trading Tips for 05.12.11
Sell L & T Dec 2011 Fut at 1315-1325 SL 1351 TGT 1290/1271/1263 - 1 to 2 weeks
Share tips
1. Buy Ceat at CMP with TGT 87.70/93.40 SL 67.60
2. Buy Pipava Defence with TGT 84.60/88.30 SL 49.90
3. Buy NMDC with TGT 186-190 SL 173.20 TGT 199/210
Past Performance (Calls Given to Customers)
1] 29.11.11 Buy Nifty Dec 2011 4700 PE at 87-88 SL 69 TGT 102/110 - 1st and 2nd TGT achieved on 29.11.11 and 30.11.11 respectively (profit Rs. 1150/-)
2] 30.11.11 Buy Nifty Dec 2011 4900 CE at 70-75 SL 59.70 TGT 97/104/110 - 1st and 2nd TGT achieved on 30.11.11 (profit Rs. 1700/-)
3] 01.12.11 Buy Nifty Dec 2011 4900 PE at 70-80 SL 57.50 TGT 100/107/115 - 1st and 2nd TGT achieved on 01.12.11 (profit Rs. 1350/-)
4] 01.12.11 Buy Nifty 29 Dec 2011 5000 CE at 80-90 TGT 115/124/145 SL 69 (Price not come down to 80-90 leves Call not executed)
5] 02.12.11 Buy Nifty at/above 4970 TGT 4985/5003 SL 4952 - All TGT achieved on 02.12.11 (profit Rs. 1650/-)
6] 02.12.11 Infy buy at 2717 TGT 2726.05/2740 SL 2699 - 1st TGT achieved & made a high of 2737 on 2.12.11- Share/fut is holding for TGT with revised SL at 1st TGT (porfit Rs. 20 per share or Future Rs. 5000)
7] 02.12.11 Buy Nifty 4900 PE (DEC 2011) at 60-65 SL 45.75 TGT 83/97 - Put is holding
8] 02.12.11 Buy Axis Bank Dec fut at 985-987 TGT 997/1003 SL 969 - all target achieved on 02.12.11 (profit Rs. 4500/-)
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