NIFTY OUTLOOK - Market Updates for Today 21 Dec. 2012

The Nifty started to correct some time midday and I got the feeling that we might see a deeper correction, but as usual buying came in at lower levels and drove up the Nifty again. I get the feeling we need a trigger event to break past this 5,950-6,000 zone and until that does not happen we will trade sideways or correct to 5,800 levels. 

Trend deciding level is 5,920. If Nifty shows strength above 5,920 levels, then rally to 5,950/6,000/6,050 may be seen. If Nifty does not show strength above 5,920 levels then selling pressure till 5,880/5,840/5,800 may be seen.     

The Sensex has supports at 19,350 and 19,200 and resistances at 19,510 and 19,620. The Nifty spot has supports at 5,880 and 5,838 and resistances at 5,940 and 5,965.

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NIFTY Intraday Updates for Today 04 Dec. 2012

As suspected the Nifty had a sideways day, a day of consolidation. And as I have suggested all declines would be bought into hence they would be shallow declines. We are still on course towards 5,920 and higher towards 6,150. Trend deciding level is 5,880. If Nifty shows strength above 5,880 levels, then rally to 5,920/5,950/6,000 may be seen. If Nifty does not show strength above 5,880 levels then selling pressure till 5,840/5,800/5,750 may be seen.

The Sensex has supports at 19,250 and 19,180 and resistances at 19,410 and 19,500. The Nifty spot has supports at 5,854 and 5,820 and resistances at 5,900 and 5,950.

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Bullish & Bearish Stocks & Stock Tips 29 Nov 12

The Sensex ended at 18,831.98, up 294.97 points or 1.59 per cent and the Nifty closed at 5,725.80, up 89.90 points or 1.60 per cent. 

Bullish Intraday Stocks 29 Nov 12

SUBEX SUNPHARMA DCHL EKC GITANJALI AMBUJACEM AXISBANK EXIDEIND UNIONBANK YESBANK LUPIN PFC DRREDDY BHEL PUNJLLOYD CESC ICICIBANK VIJAYABANK BAJAJ AUTO JPASSOCIAT GSPL GODREJCP CENTURYTEX KOTAKBANK GUJRATGAS FINANTECH ASHOKLEY ACC

Bearish Intraday Stocks 29 Nov 12

WELCORP HINDCOPPER ROLTA BHARATFORG KFA TVSMOTOR IDBI KGL KSOILS MAX TATAPOWER MARUTI TATAMTRDVR TATACOFFEE GSFC JUBLFOOD AMARAJABAT BGRENERGY CHAMBLFERT OPTOCIRCUI INDIANB CAIRN HINDZINC NITINFIRE DIVISLAB GMDCLTD POWERGRID ESCORTS DISHTV JSWENERGY HOTELEELA PIPAVAVDOC MUTHOOTFIN ANANTRAJ M&M

Buy & Sell Calls/ Stock Tips 29 Nov 12

BUY Larsen -and- Toubro Ltd. Long Term Target 2000 Stop Loss 1617

BUY Geodesic Ltd. Long Term Target 70 Stop Loss 30

BUY Bartronics India Ltd. Long Term Target 45 Stop Loss 22

BUY Thinksoft Global Services Ltd. Med Term Target 150 Stop Loss 90

BUY Veer Energy -and- Infrastructure Ltd. Med Term Target 25 Stop Loss 13

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