Market Outlook 05.01.12

It was a volatile sesson in our market, traded in a narrow range and ended with moderate loss, Sensex at 15882.64 (-56.72), Nifty at 4749.65 (-15.65) and Nifty Fut at 4753 (-30.20). It was a point of consolidation in our market. As long as Nifty holds 4700 mark we acn see another rally, it may take up to 4850....4900.

US Market closed Positive except Nasdaq yesterday and all most all European Markets were down. Asia opended mixed today.

Nifty watch for 05.01.12

Nifty may open flat or gap down this morning.

Above 4763 Nifty may try to hit 4792/4810 today. Above 4810 next target is 4850

Where as on down side Nifty may go down up to 4720/4685 and 4660

Our client is holding Nifty with SL 4719 from yesterday

We are holding:
1. Axis Bank 850 CE @ 27 ...... TGT 35/40
2. ICICIBank 780 CE @ 13 .....TGT 18.50/22
3. Nifty Jan Fut @ 4761 ....... TGT 4791/4810

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 (4.1.12) Performance
1. Buy Nifty Jan Fut @ 4761 Sl 4742 TGT 4773/4782 - Booked all profits - Profit of Rs. 1050
2. Buy ICICI Bank Jan 780 CE @ 13-13.50 SL 8.50 TGT 18.50/22 - Booked part profit @ 16.45 - profit of Rs. 862.50
3. Buy Axis Bank 850 CE @ 27 Sl 19.50 TGT 32/35/40 - Booked part profit @ 33.75 - Profit of Rs. 1687.50

Total Profit for the day - 3600/-