With the support from Maruthi and other heavy weights market out performed yesterday. Sensex was at 16466.05 (+276.69), Nifty 4967.30 (+93.40) and Nifty Fut was at 4972.50 (+81.40).
We clearly advised in here that 'as long as Nifty holds 4800 mark we can see another rally, it may take up to 4900....4950 in coming days'. Yesterday Indian market reacted exactly as advised.
There may some profit taking today. We also suggest to take profit in your long positions and re-enter when market is down. But the medium term target of Nifty is 5050.... 5100
US and European Markets were closed in green yesterday, All most all Asian Markets opened down except Nikkei this morning.
Nifty watch for 18.01.12
Nifty may open gap down this morning.
Above 4993 Nifty may try to hit 5027/5045/5063 today. If Nifty closes above 5063 it may try to hit 5095 and 5110 in coming days
Below 4948 Nifty may go down up to 4929/4913/4902/4895 ........ 4877
Nifty Trading Tip for 18.01.12
1.
Investment Tip
1. Infy Buy at CMP (2600) TGT 2810 (1-3 months)- call made on 13.1.12
2. Buy ITC at 200-202.50 TGT 206.50/212/215 SL 188.50 (1-2 weeks) - Call made on 9.1.12 - 1st TGT achieved on 16.1.12, hold for other TGTs
Past Performance
Day's (17.1.12) Performance
1. Buy Infy Fut @ 2652.50 TGT 2662/2674 - 1st TGT achieved and advised to exit @ 2665 - Profit of Rs. 1562.50
2. Buy Heromotoco 1850 CE @ 22.50-23 TGT 27/32 SL 12.50 - advised to exit @ 19 - Loss of Rs. 437.50
3. Buy Reliance 740 CE @ 15-15.50 TGT 19/25/30 SL 9.40 - advised to exit @ 17 - Profit of Rs. 500/-
4. Buy LT 1200 PE @ 17-18 TGT 24/29 - holding
5. Buy Nifty 5000 PE @ 75-78.50 TGT 99/110 Sl 43 - holding
Day's (16.1.12) Performance
1. Sell LT Fut below 1147 TGT 1139 Sl 1157 - Trigger price not met call closed
2. Buy Nifty Fut @ 4865.50 SL 4846 TGT 4878/4895 - all TGT achieved - Profit of Rs. 1475/-
3. Buy SBIN 1800 CE @ 30-33 SL 15.50 TGT 38/42/48/53 - all TGT achieved - Profit of Rs. 2500/-
Total Profit of the Day - Rs. 3975/-