Market Outlook 06.01.12

It was a volatile sesson in our market, traded in a narrow range and almost flat, Sensex at 15857.08 (-25.56), Nifty at 4749.95 (+0.30) and Nifty Fut at 4756.90 (-3.30). 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. But for the time being the upside is capped.

US Market closed Positive except Dow Jones yesterday and all most all European Markets were down. Asia opended negative today.

Nifty watch for 06.01.12

Nifty may open gap down this morning and may go down up to 4720/4703/4685

Above 4761 Nifty may try to hit 4775/4791/4810 today.

Share Trading Tip for 06.1.12
1. Buy Ajmera Realty @ opening (cmp - 110) TGT 118/125

Past Performance

Day's (5.1.12) Performance
1. Nifty Buy @ 4778.50 TGT 4793/4810 SL 4761 - Booked Profit @ 4791 - Profit of Rs. 625/-
2. Axis Bank Jan Fut Buy Above 856 SL 847 TGT 861.50/867 - Booked full profit @ 872 call closed - Profit of Rs. 4000/-
3. Axis Bank 850 CE @ 27 ...... TGT 35/40 - call given on 4.1.12- Booked Profit @ 40 on 5.1.12 - 3250/-
4. ICICIBank 780 CE @ 13 .....TGT 18.50/22 - call given on 4.1.12 - 1st TGT achieved booked full profit @ 18.50 - Profit of Rs. 1375/-
5. Nifty Jan Fut @ 4761 ....... TGT 4791/4810 - Call given at 4.1.12 - 1st TGT achieved - Profit of Rs. 1500/-
6. Buy Welcorp at CMP (85-88) SL 81.80 TGT 94.50/98.75 - Share tip provided on 29.12.11-all tragets achieved on 5.1.12 - Profit of Rs. 13 per share

Total Profit of the day - Rs. 10,125/-