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Tuesday, February 07, 2012

Market Outlook 07.02.12

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Market Outlook 07.02.12

Market continued its uptrend. Capital Goods, Banks, Metal sector stocks led the rally and helped to close in green. Sensex closed in 17707.31 (+102.35) and Nifty were at 5361.65 (+35.80).

US & European markets were closed in red. Asian Markets opened mixed today.

Nifty watch for 07.02.12

Nifty may open gap up today. Nifty may be volatile for the day.

Above 5382 Nifty may try to hit 5399/5417/5435 today. If Nifty closes above 5400 it may try to hit 5465 and 5500 .... 5600 in coming days

Below 5330 Nifty may go down up to 5315/5296/5279

Any close below 5300 may lead a correction which may go down up to 4775

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 - made a high of 2800 on 6.2.12 - Profit of Rs. 200 per share

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 (06.02.12) Performance

1. Sell SBIN Fut @2138.75 TGT 2129/2120 - Booked all profit on 2128 - Profit of Rs. 1343.75

2. Educomp 250 CE buy @ 10.50 TGT 15/17 - recommended on 3.2.12 @ 14.85 - Profit of Rs. 4350/-