UPDATE FOR 8TH DECEMBER 2010

THE US MARKET ( DOW JONES INDUSTRIAL INDEX) HAS FORMED DOUBLE TOP AROUND 11450 AND CLOSED BELOW THIS LEVEL WHICH INDICATES SOME WORRY AND TIREDNESS IN THE MARKET.NEWS OF  PROBE IN A SCAM  BROUGHT THE DOW JONES DOWN EVEN AFTER IT WAS HIGHER DURING THE DAY. HENCE DOW JONES GAVE NO CLEAR AND UP SWING INDICATION FOR GLOBAL MARKETS TODAY.

NIFTY RECOVERED FROM THE LOWER LEVELS YESTERDAY AND RECOVERY SEEMS WEAK AND MIGHT ATTRACT SHORT SELLERS IF INDICES FAIL TO BREAK AND SUSTAIN ABOVE 6020 & 20080 LEVELS DURING THE DAY.

INITIALLY NIFTY(SPOT) MAY REMAIN RANGE BOUND BETWEEN 5960-6020. HOWEVER IF NIFTY FAILS TO HOLD ABOVE 5960-5980 MAY RESULT IN FALL TO 5880-5900 AND IF NIFTY MOVES AND HOLD ABOVE 5980-6000 MAY RESULT IN 6020 AND ABOVE IT 6050-70.

ASTROLOGICALLY MARKET SHALL BE SLUGGISH & SLIGHTLY BULLISH IN 1ST HALF THAN 2ND HALF.

STOCKS TO WATCH TODAY FOR TODAY:

BULLISH:  ACC, GAIL, GSPL, JISJAL, JSWSTEEL, LT, PETRONET & SUN PHARMA.

BEARISH:  ABGSHIP, CROMPGREAV, KFA, KTK BANK & MCLOEDRUSSEL


DONT TRADE TOO MUCH IN INTRADAY HOLD ALL DELIVERIES
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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.

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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.