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Tuesday, January 31, 2012

Market Outlook 31.01.12


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Market Outlook 31.01.12

Just watch yesterday market, We were advicing from last one week that there may be correction in the market! Now everybody repeating the same. Wait....!!!!

Nifty may go down up to 4780. We will advice you the exact level for go long in the market.

Weak global cues ahead of EU summit and profit booking after the strong rally of last 4 weeks driven Indian Markets down. All most all sectors were down. Capital goods, reality, metal and banks pulled the market down. Sensex closed in 16863.30 (-370.68), Nifty were at 5087.30 (-117.40) and Nifty Fut at 5105 (-107.50)

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 a couple of days.

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

Nifty watch for 31.01.12

Nifty may open gap up.

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

Past Performance

Day's (30.1.12) Performance
1. Buy SBIN Fut @ 2025 TGT 2034 - recommended on 27.1.12 - Booked all profit - Profit of Rs. 1125/-

2. Buy Axis Bank 1000 PE @ 34-36 TGT 43/49 - Holding