Monday, 24 December 2012

24th Dec 2012 - Morning Update courtesy Dreamearn.com

Infosys will be our Top Pick for this week.

This is settlement week and one day off. Most of Global market will close for next three days. FII off can take market down. Good news is that DII started to buy. This week will be very unpredicted.

Trade with high concern.Market will be run in small range seem to us that 5784 to 5884.(This week) We will guide you or give you our updates on market hour.

Still bull is alive in market, nifty not went to sell zone.

Nifty will open flat to negative. Seem to us that nifty will go down to some points; nifty will take support at 5814. That can become base for market. (Fully News driven downfall and panic profit booking)

Tomorrow very less trade volume, Tuesday off, series expire all together can make market slow.
Nifty buy above 5808 to5814 with SL 5804. Team is thinking in favor of long. Target can come 5864/5878. If nifty run above 5884 holds your long position do not cut.

Nifty below 5814 weakness will come.

Bank nifty is buying for 12424. Buy only near the SL. 12114. Buying range will be 12120 to 12156.
Market came down on news base selling/profit taking. Positive news can make market high volatile. USA will fix own problem, most of problem people are crating for own benefit. We feel both party can come together to fix the problem. This is matter of time only.

Read Full post many more Updates @ www.dreamearn.com data front

Currency Fronts:-

Indian Rupees will go to open weak.

Oil Fronts:-

Oil price correction can help Indian market. We are telling that oil will not run in 2013-2014. There is no big spike are visible in near future.

Global Market View:-

Asian Market will run flat to positive.
Europe Market will run mild positive.
USA Future market will run flat to positive. (USA market will close in half day)

Value Picks:-

Essar Oil Ltd. buy below 64 No SL target will be 84 Period 1 year.
Balrampur Chini for 64 with 8 month. Buy below 45 No SL.
Manglore chemical and fertilizer for 54/60. Buy below 34. No SL. Only Mallya Ji know when he will sell his stake. God Bless you sir. Please sell your stake.

News Fronts:-

ADR Price is showing that follows up buying and sells trends, similar to NSC/BSC Market trends.
Tata group perceived to be India best known Global Brand. Good for Tata Motor and Tata Steel.
Bajaj Auto’s 4 wheeler will come very soon. Good for stock and Stock price.

Railways share again time to buy for 5 to 7% gain in 10 days. Kalindree Rail and Titagargh wagaon. is our pick. Stone India also good. We brought two times and not given us bad time. We are hoping this time again for good gain.

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Trade View:-

1) Buy above 5814 for 5854/5864/5878. SL will be 5804.Buying from lower level. Without positive news from USA might be this target will come within one week.

2) Buy bank nifty near SL for 12438. SL will be 12144 Buying from lower level. This target can come within week.

3) Tata motor is our buy call for 316/324. SL will be 292. Every dips is giving you chance for buy. Final target can come within a month.

4) M&M also came near to Support level. If went above 940 good for buy 954 can come in intraday. SL will be 934. Next target 984. Final target can come within week.

5) Bajaj Auto if holds 2094-2088 Target will be 2214/2248/2268/2300/2344 (final target). Trade period will be 15 days. Only buy above 2104. Final Target can come within month.

6) SBI buy, SL will be Hold 2334. Target will be 2374. Buy only above 2344.

7) IFCI buy for 38/40/42 Sl will be 33.40. This call is active since Friday afternoon. Need to give 5 session.

8) ICICI Bank is our new buy call for 1144. SL will be 1108. Try to buy from lower level. 1104 to 1108 is very good support zone, we are hoping that going to hold. We did not found weakness in chart.

Thank you very much for following and reading our post.
Ideas had taken from Mr.Jignesh,Mr. Kamboj and Neeraj
By: – Neeraj

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