MARKET VIEW FOR 30TH DECEMBER 2010

AS IT WAS MENTIONED TWO DAYS BACK THAT SETTLEMENT WILL TAKE PLACE ABOVE 6000 AND THERE ARE FAIR CHANCES THAT IT WILL NEAR 6100 BUT NOW ON THE LAST DAY OF EXPIRY DON'T EXPECT MUCH MOVE  HENCE TODAY ONE SHOULD AVOID TRADE. THOSE WHO ARE HOLDING THE DEC 6000 CALL SHALL BOOK PROFIT IN THE FIRST HALF.


NOTE THAT IT WAS SUGGESTED FEW DAYS BACK THAT SELLING DEC 6000 PUT AND BUYING DEC 6000 CALL FOR THE GAIN HAS WORKED EXACTLY AS EXPECTED. ITS TIME TO BOOK PROFIT IN ALL OPTIONS BOTH IN DECEMBER & JANUARY SERIES AND SIT ON CASH.


ASTROLOGICALLY MARKET WILL TAKE PAUSE FROM LATE THURSDAY OR FRIDAY AND CONTINUE DROP DOWN TO THE NEXT PHASE OF CONSOLIDATION AND RANGE BOUND MOVEMENT. THE NEW RANGE SHALL BE 5950-6130. NOTE THIS RANGE AS A NARROW RANGE AND THE WIDE RANGE SHALL BE 5850-6360 FOR THE JANUARY SERIES.


NO ROLLOVER IS SUGGESTED IN THE NEXT SERIES UNTIL THE MARKET CORRECTS TO THE LEVEL OF 5950-5980 RANGE BY NEXT WEEK OF THE JANUARY SERIES OR NIFTY CROSSES AND CLOSE ABOVE 6130 FOR AT LEAST 3 TRADING SESSIONS. THE ECLIPSE WILL MAKE NIFTY TO BE VOLATILE AND DECEPTIVE.




STOCKS TO WATCH FOR TODAY( INTRA-DAY ONLY):

JINDAL STEEL 710 TGT 725

HIND LEVER  306 TGT 312-14

SKUMAR 84 TGT 89

STOCKS TO BUY FOR INTRA-DAY AND DELIVERY BOTH: 5% TO 10% TO 15% GAIN 

TCS 

NHPC 

TITAN 

IVRCL INFRA
GUJRAT FLORO
RELIANCE INDUSTRIES
STATE BANK OF INDIA




SOLAR ECLIPSE ON 4TH JANUARY 2011 AND SATURN GOING RETRO FROM 16TH JANUARY 2011 SHALL HAVE MUCH BEARING ON THE MARKET MOVES. THERE IS POSSIBILITY OF NIFTY MOVING TO 6450-6500 IN JANUARY & FEBRUARY 2011. 


MUCH DETAILED ANALYSIS AND PREDICTION WILL BE MADE FOR THE YEAR 2011 IN ADVANCE ON 2ND JANUARY SO PLEASE BE IN TOUCH WITH THE BLOG.

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.