IT, Oil & Gas and Capital Goods stocks pulled the indexes down and Indian Market closed moderately in loss, but sustained above 4800 level in Nifty and 16000 in Sensex. Sensex closed at 16037.51 (-138.35), Nifty 4831.25 (-29.70) and 4867.95 (-4.40). The biggest loosers include Infy, TCS, Wipro and HCL Tech.
As long as Nifty holds 4800 mark we can see another rally, it may take up to 4900....4950 in coming days.
US and European Markets were closed up yesterday, Asian Markets also opened up this morning.
Nifty watch for 13.01.12
Nifty may open gap up near 4880 mark this morning, after opening.
Above 4882.60 Nifty may try to hit 4897/4915/4932 ......... 4950 today.
Below 4865 Nifty may go down up to 4850/4832.50/4815 ........ 4798
Nifty Trading Tip for 13.01.12
1. Buy Nifty Fut above 4883 TGT 4896/4913 SL 4864.75
Investment Tip
1. Infy Buy at CMP TGT 2810 (1-3 months)
2. Buy ITC at 200-202.50 TGT 206.50/212/215 SL 188.50 (1-2 weeks) - Call made on 9.1.12 - Made a high of 205.75 on 10.1.12, hold for other TGTs
Past Performance
1. Sell Nifty Fut below 4860 SL 4882 TGT 4840/4825 - (call recommended on 11.1.12) 1st TGT achieved on 12.1.12- advised to exited @ 4850 - Profit Rs. 500/-
2. Buy TCS 1100 PE @ 20-21.50 TGT 27/30/34 - (call recommended on 11.1.12) all Targets achieved on 12.1.12- advised to book profit @ 40 - Profit of Rs. 5000/-
3. Buy Infy 2750 CE @ 30-32.50 TGT 35/42/48 - advised to exit @ 19 - Loss of Rs. 1687.50
4. Buy SBIN 1800 CE @ 30-33 SL 15.50 TGT 38/42/48 - Holding for TGT
Total Profit of the Day - 3812.50
Day's (11.01.12) performance
1. Buy TCS 1200 CE @ 20-21.50 TGT 28/31/34 - closed @ 19 - Loss Rs. 625/-
2. Sell Nifty Fut below 4860 SL 4882 TGT 4840/4825 - Holding for TGT
3. Buy TCS 1100 PE @ 20-21.50 TGT 27/30/34 - Holding for TGT
Total Loss of the Day - 625/-
