Wednesday, 12 December 2012

12 Dec 2012 - Morning update courtesy Dreamearn.com

We are hoping market will open flat to positive. We do not feel that market going to holds upper level in tomorrow trade.

Nifty SL will be 5814 Target will be 5978/6000/6148.We will buy from lower level we are expecting that nifty will give some more correction in next session. Best value buy will be 5850 or below.
Remember if 5814 not holds mean we are going to test again 5754- 5704. However this seen we are not able to see in very near future.

Bank Nifty we are hoping small correction can give around 140 to 180 point and after one smooth run will come for 12684.

We are hoping flat opening, nifty range will post with opening hour.

Data front:-

Tomorrow, IIP number will going to help market. We are hoping very good number. We are very much sure that after IIP number market will take one spike.

Most of Global data will come flat, that not going to help market.

Currency Fronts:-

Indian Rupees will go to open strong. We are hoping that Indian Rupees will run strong, throw out of the day.

Global Market View:-

Asian Market will run flat to positive.
Europe Market will run flat.
USA Future market will run negative.

New Fronts:-

ADR Price is showing that MTNL , Essar oil can move up.(Both stock not in our radar)

Kingfisher airline denies report of stake sell. No effect will come in share price. They will sell stake today or tomorrow, hold your position. Kingfisher target will be 28.SL will be 7.

India fiscal deficit debt most significant rating constraints: S&P, No effect will come.

Moody`s say India prospects bright; Both news is useless. We are not caring. This day no one cares such news. No effect.

Pia singh sold out 1 crore share of DLF. This is bad news for stock.

BT going to sell stake in Tech Mahindra, floor price is 855. This is bad news for stock; however we have different view that we have to buy from lower level.

Xi Jinping says china to open up more on economy fronts. This is good for global market.

M&M going rise price hike from January. This is good news forstock price; do not rush to buy stock give little time for correction.

Rbi given hints for rate cut. That is very good news for market. RBI rate cut rumor will take place very soon. We are hoping this move can take place after tomorrow.

ITC is going to invest big money in West Bengal. This is good news for stock price.

Value Picks:-

Triveni Engineering, we will buy for 32 in one year time. CMP is 19. 12/12/12

ITC buy for 324 within three month. 12/12/12

Whirlpool can buy for 304 within 2 results session.12/12/12

Natco pharma can buy for 514 within 2 results session.12/12/12

United Phosphors can buy for 144 within 2 month.12/12/12

Kirloskar oil engine can buy for 234 within 2 results session.12/12/12

Adani group if holds above 234 good for 318. This target can come within one month. 2/12/12

Fortis Healthcare: – Can buy for 144 within 6 month. We brought at 110. SL is 00 Target will be 144. 10/12/12

Archies are a best pick for festival season. We will buy below 26 for 31. 10/12/12

Market View:-

IT Index is looks flat. Near to over sold range. Lower level big spike can come in this sector.

Metal index looks flat.

Reality Index will take support at 272. Index is much closed to support level. CNX Reality.

Next support for this sector is 268/264. We are hoping that 272 will holds.

Bank nifty is look flat can move either way, nifty can move with bank nifty movement.
www.dreamearn.com or write to support@dreamearn.com

Day Trade View:-

1) Nifty is buying call for 5954/5974. Sl will be 5814. Tomorrow we will buy in correction.

2) Bank Nifty if pass and holds 12368 mean going for 12680 SL will be 12164. We will buy in correction.

3) Vijaya Bank buy for 68 SL will be 57.40. This target will come next week or Friday.

4) GIC housing buy for 140 Target can come next week.

5) Crisil we book 50% today, we will buy tomorrow again at lower level.

6) Titan is our buy call SL will be 288 for 308.

7) JSW Energy 70 call will be our new entry Buy below 2.10 SL 1 and target 4. This correction is good time to buy such a stock for trading purpose.

Thank you very much for following and reading our post.
God bless us all.
Thanks and Regards.
Dream Team.
Ideas had taken from Mr.Chetan Singh,Mr. Jignesh Bhai, Mr.Kamboj,Neeraj,Nano Khan and John
By Neeraj.

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