Bad IIP data and steep fall of Rupee against dollar added more woes to Indian market, resulting a pathetic performance through out the day. Sensex closed below 16000 mark at 15870.35 (-343.11), Nifty at 4764.60 (-102.10) and Nifty Fut at 4769 (-116.90). CNX Mid Cap Index closed 2.2% down and BSE Small Cap Index was lost 1.6% at close.
Nifty Watch for 13.12.11
Nifty closed below its psychological support level of 4800. There may be some more sell of today, but as last hope for Nifty is 4700 level, if Nifty breach and close below this level then heavy sell off up to 4450 is expected.
For its upward journey Nifty has to cross and close above 4850 level with high volume.
Sell on rally is advised for the day. But there may be some short covering in the second half of the trading session.
Past performance
Day's (12.12.11) Performance
1. Buy SBIN Dec 2011 CE 2000 at 13-16 TGT 22/29/32 - No SL , loss only Rs. 1625/- - holding
2. Buy Nifty Dec 2011 PE at 75-85 TGT 102/110/125 SL 54.40 - call not executed
3. Buy SBIN 1846 or CMP SL 1797 TGT 1900/1915/1919 - ultimate TGT 2050 - SL Hit
4. Buy Axis Bank 985 or CMP SL 965 TGT 1000/1010/1017/1025 - ultimate TGT 1050 - 1st TGT Hit, holding
Stock market tips | India stock prices | Share and stock | The best stocks | Stock Analysis | Indian share market | Indian stock market | India stock prices | Stock market India | Stock market | Stock tips | Bombay Stock Exchange | National Stock Exchange | Indian Stock Market | Share Market India | Indian share market | Technical analysis | Intraday Tips | Intraday stock tips | Indian stock market tips | Btst stock tips | Btst calls | Btst share tips | Stock market investment | Best technical analysis | Best technical analyst | Best technical analyst in
India | Share tips | Indian share market tips | Investment calls |Jackpot calls
| Market Bhavishya | Stock market trend | Bse stock tips | NSE market tips | Indian shares
