Sensex closed at 15727.85 (-146.10), Nifty at 4705.80 (-44.70) and Nifty Fut at 4704.50 (-46.40). Banking, Metal, Oil & gas, Auto, Reality and FMCG pulled indexes down while Power and Capital goods supported the market.
US Market closed positive yesterday, All most all European Markets were in red except swiss market and most of the Asian Markets today opened negative.
Nifty watch for 29.12.11
Nifty may open gap down this morning and may face stiff resistance at 4803 and strong support at 4640
Below 4683 Nifty may go down up to 4665/4650 More weakness will be there below 4640 and Nifty may go down up to 4623/4607
On upper side Nifty may try to hit 4745/4785/4803 today. If Nifty Manage to close above 4803 It may try to hit 4834/4862/4894 in coming days
Share Trading Tip for 29.12.11
1. Buy Welcorp at CMP (85-88) SL 81.80 TGT 94.50/98.75
Past Performance
Day's (28.12.11) Performance
1. Buy Jindal Steel 460 Jan 2012 PE at 17 SL 10.50 TGT 21.50/25 - Booked all profit in 24.90, call closed - Profit of Rs. 3950/-
2. Sell Nifty Dec Fut at 4709 SL 4727 TGT 4695/4678 - 1st TGT achieved, call closed - Profit of Rs. 700/-
