MARKET VIEW FOR 29TH DECEMBER 2010

VERY RANGE BOUND MARKET WITH LOW VOLUMES AND WITHOUT DIRECTION. THERE MIGHT BE SOME SHORT COVERING COMING WITH EXPIRY AND INCREASED VOLATILITY.


NOTE THAT BREAK OF EITHER SIDE 5960-6040 (ON CLOSING BASIS) SHALL BRING 100-200 POINTS MOVE BY NEXT 10-15 DAYS.


CHANCES ARE MORE THAT NIFTY WILL MOVE ABOVE 6040 BY NEXT WEEK END. HENCE ONE SHOULD BUY CALL OPTIONS IN NIFTY JANUARY SERIES, EVEN IF THE NIFTY GOES LOW TO 5950-5900-5850.


STOCKS TO WATCH & BUY IN DELIVERY FOR 10-15 DAYS:
SUJANA TOWERS TARGET 140-155,
GHCL TARGET 50-52 &
HIND OIL EXPLORATION TARGET 270 ( NOTE THIS STOCK WAS RECOMMENDED EARLIER FEW DAYS BACK AT 195 FOR A TARGET OF 350+++ BY NEXT FEW MONTHS)



WATCH THE FOLLOWING STOCKS FOR SHORT TERM 


TRADING POSITIONS FROM THE EXPIRY POINT OF VIEW & 


AFTERWARDS.


RELIANCE: 

KEEP EYE ON 1076-77 BUY ABOVE THIS FOR TARGET OF 


1088-1100-1116-1127

KEEP EYE ON 1048-46 SELL BELOW THIS FOR TARGET OF 


1038-1032-1026-1020


SBIN:

KEEP EYE ON 2782-86 BUY ABOVE THIS FOR TARGET OF 


2820-2880-2900


KEEP EYE ON 2712-10 SELL BELOW THIS FOR TARGET OF


2700-2680-2640-2620


Safe Harbor Statement:
Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints.Nothing in this article is, or should be construed as, investment advice.

Disclaimer: 
This is neither an offer nor a solicitation to purchase or sell securities. The information and views contained on this blog are believed to be reliable, but no responsibility (or liability) is accepted for errors of fact or opinion. Writers and contributors may be trading in, or have positions in the securities mentioned in their articles. Neither I (Vikas Srivastava) nor any of the contributors accepts any liability arising out of use of the above information/article. Reproduction in whole or in part without written permission is prohibited.