MARKET VIEW FOR THE WEEK 24TH DEC 2012 TO 28TH DEC 2012

As written in past postings market danced on the same analysis. RBI remained stiff its monetary policy review to contain inflation deferred the interest rate cut. After initials gains during the week passage of banking bill, Indian markets corrected on overhang of US fiscal cliff which led to decline in global equity and commodity markets. Sensex ended the week at 19242 and Nifty at 5847.70 down almost 0.5%.

Going forward market is expected to remain volatile however value buying could emerge around 5750 levels of Nifty. Buying on dips could result in good value creation in portfolio. Buy the quality stocks and on every dip. Nifty could head towards 6150-6250 in January 2013.
Buy on dips LT, HDFC, SBI, RELIANCE, TRENT, DELTACORP, CERA CERAMICS, AB NUVO, AEGIS LOGISTIC, BATA, SAINT GOBAIN, JUBLIANT FOOD, WOCKHARDT, COAL INDIA, etc.

Technically after making a high of 5965.15 on Dec 11th, Nifty has corrected almost 2% in last few days. Now its expected to take a strong support near 5800. If Nifty breached below 5800, the short term trend would become negative and in that case it may test 5730 and then 5630. However breach of 5975 on the higher side would open the gate for 6180. Analysts recommend to hold the long positions with a stop-loss of 5800.

FOR THIS WEEK: 
1. No trade zone for the Nifty shall be 5800-5975.
2. Go Long in Nifty(or at/near the money CE) when Nifty breaks and sustains above 5975, for the target of 6030-6080-6150, keeping 5800 as Stop-Loss.
3. Go Short in Nifty(or at/near the money PE) when Nifty breaks and sustains below 5800, for the target of 5730-5700-5630, keeping 5975 as Stop-Loss.

FOLLOWING STOCKS ARE GOOD FOR HOLDING IN DELIVERY(45-60 DAYS):

1. HITACHI HOME(153.00):Buy this Stock in your portfolio to hold for meduim to long term. Target of 180-200-250-350+++.

2. L&T FINANCE HOLDING(89.70):Buy this Stock in your portfolio to hold for meduim to long term. Target of 95-110-150-180-250-500-1000-1250+++(Must Buy).

3. ABB(689.20):Buy this Stock in your portfolio to hold for meduim to long term. Target of 720-800-950-1250+++.

4. AB NUVO(1069.25):Buy this Stock in your portfolio to hold for meduim to long term. Target of 1120-1200-1450-2350+++.

5. NMDC(158.25):Buy this Stock in your portfolio to hold for meduim to long term. Target of 175-210-240-300+++.

6. DISHMAN PHARMA(115.20):Buy this Stock in your portfolio to hold for meduim to long term. Target of 140-180-250-330-450+++.

7. ALEMBIC PHARMA(67.00):Buy this Stock in your portfolio to hold for meduim to long term. Target of 100-150-240-380+++.

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.