Market Outlook 03.01.12
It was a flat closing on Indian market. Nifty had dipped below the 4600 mark but recovered to close at 4636.75 (+12.75), Nifty Fut at 4650.30 (+15.90) and Sensex at 15517.92 (63). Oil & Gas, Steel, Auto, Tech and banks gien support to the marketThe declining trend of the market may be there for the first month of the year. As per most of the experts market may consolidate for the time being. But the fundamentals are the same as of 2011 for now.
US Market closed negative yesterday, All most all European Markets were in green and most of the Asian Markets today opened positive.
Nifty watch for 03.01.12
Nifty may open gap up this morning and may face stiff resistance at 4734 and strong support at 4600
Above 4655 Nifty may try to hit 4675/4693 and 4720 today
Where as on down side Nifty may go up to 4624/4613/4600 and 4584
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 (02.01.12) Performance
1. Sell Nifty Jan Fut at 4624 SL 4643 TGT 4609/4592 - booked full profit - Profit of Rs. 1600/-
2. LT 960 PE Buy at 30-33 SL 24 TGT 37 - exited at cost
3. Buy SBIN Jan 1750 CE 20-22 TGT 24/27 SL 15.50 - Booked profit at 24 - Profit of Rs. 500/-
4. Sell Nifty Jan Fut at 4635 SL 4685 TGT 4550 - Booked profit at 4617 - Profit of Rs. 900/-
5. NTPC 170 CE buy - holded at 30.12.11 - Booked at 2 on 2.1.12- Loss of 600/-
Total Profit: Rs. 2400/-
