Market may open higher and test the resistance of 5070-5093. Market may be choppy for the days to come. Book profit on that level and re-enter in low levels
US and European Markets closed in green and Asian Markets also opened in green this morning.
Nifty watch for 20.01.12
Nifty may open gap up this morning.
Above 5023 Nifty may try to hit 5045/5063 today. If Nifty closes above 5063 it may try to hit 5095 and 5110 in coming days
Below 5005 Nifty may go down up to 4990/4972/4955
Nifty Trading Tip for 19.01.12
1. Buy Nifty above 4987.90 TGT 5002/5020 SL 4969
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 (19.1.12) Performance
1. Buy Nifty above 4987.90 TGT 5002/5020 SL 4969 - Booked full profit at 5010 - Profit 1105/-
2. Buy SBIN 1850 CE @ 31.50-32.50 TGT 40/49/55 - all TGT achieved - Profit of Rs. 2937.50
Day's (18.1.12) Performance
1. Buy LT 1200 PE @ 17-18 TGT 24/29 - exited @ 12.20 -Loss of Rs. 1200/-
2. Buy Nifty 5000 PE @ 75-78.50 TGT 99/110 Sl 43 - advised to exit @ cost
3. Buy LT 1300 CE @ 20-22 SL 13.50 TGT 26/29/33 - SL hit - Loss of Rs. 1625/-
4. Buy SBIN 1850 CE @ 31.50-32.50 TGT 40/49/55 - 2nd TGT achieved - Profit of Rs. 2187.50
