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Monday, January 30, 2012

Market Outlook 30.01.12

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Market Outlook 30.01.12

It was another week of gain, Indian market was up to the 4th week. Sensex were at 17233.98 (+156.80), Nifty at 5204.70 (+46.40) and Nifty Fut was at 5212.80 (+31.25) on close.

Market may be choppy for the days to come. Book profit on higher levels and re-enter in low.

Market may be corrected about 200 to 300 points in coming days.

US market were closed red and European Markets also closed in red. Asian Markets opened today in red.

Nifty watch for 30.01.12

Nifty may open gap down and test 5170-5193.

Above 5227.50 Nifty may try to hit 5240.50/5274 today. If Nifty closes above 5250 it may try to hit 5292 and 5310 in coming days

Below 5170 Nifty may go down up to 5163/5140/5120/5103

Nifty Trading Tip

(for clients only)

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