Day's (20.1.12) Performance
1. Buy Nifty 5000 PE @28-29 TGT 38/45/52 Sl 15.50 - 1st TGT achieved - profit of Rs. 500/-
2. Buy SBIN 1850 PE @ 12.80 TGT 19/27/32 - Booked loss @ 8.40 - Loss of Rs. 550/-
3. Sell LT fut @ 1268.50 SL 1278 TGT 1261/1254/1244 - 2nd TGT achieved - Profit of Rs. 3625/-
4. Buy AxisBank 960 PE @16-18 TGT 26 SL 10.50 - Booked Loss @ 13.60 - Loss of Rs. 600/-
4. Buy Axisbank 1020 CE @8-10 TGT 18/27/32 - Holding for TGT
Total Profit of the Day - Rs. 2975/-
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Market Outlook 23.01.12
Indian Markets were closed positive for the 3rd consecutive week led by Banking and auto shares. This was mainly due to inflow of money by FII and positive global cues. Easing of fund problem in Europe, appreciation of rupee and Expectation of high Octobar - December quater earning helped he market to rally nearly 8% in three weeks. Sensex were at 16739.01 (+95.27), Nifty at 5048.60 (+30.20) and Nifty Fut was at 5058.65 (+36.60) on close.
Market may be choppy for the days to come. Book profit on higher levels and re-enter in low.
The Deciding factor for the coming week is the RBI policy meeting. 20% of the experts feels that the time is for a cut of 25 bps in CRR and 50% expect a cut of half percent, where as balance 30% feels that the rate will left unchanged.
If there will be a cut in CRR Market may go higher with the help of banking stocks. Otherwise market is expected to correct for short term.
US and European Markets closed in mixed.
Nifty watch for 23.01.12
Nifty may open higher and test the resistance of 5070-5093.
Above 5074.25 Nifty may try to hit 5091.75/5109.50/5127.50 today. If Nifty closes above 5110 it may try to hit 5147 and 5162 in coming days
Below 5041 Nifty may go down up to 5026.10/5008.50/4990.40/4972.75
Nifty Trading Tip
1. Buy Nifty above ???? TGT ????/???? SL 5025.50 (for clients only)
Investment Tip
1. Infy Buy at CMP (2600) TGT 2810 (1-3 months)- call made on 13.1.12
