10th Jan 2013 - Morning update courtesy Dreamearn.com

Good Morning friends,

• Nifty will open flat to positive.
• Nifty will take support at 5944.
• Nifty in January series can test 6138.
• Nifty is enjoying very good support
• Bank Nifty target and SL will come tomorrow.
• Nifty is running in danger zone. If not holds 5944, Nifty can see 5918 to 5904.

Nifty above 5978 no problem can go to test 6010.This is Intraday Advice.
Nifty below 5970 can go to test 5954/5944/5938. This is interday advice.
Dow can take support and start to run for another 150 points. Dow chart is telling they have good support @ 13288.
Nifty’s Monday high will be resistance for this week. As we had wrote last night.

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

Data Front:-

Global data and news, many data will come most of them are look good. However, any big rallies had not expected in next sessions. However, China data are in limelight. We are hoping that will help Global market.

This week IIP data will come at end of the week that looks weak. (Better view we will pass later)

However, Weak IIP data will not hurt market sentiment. Seem to us that market can zoom with weak data. (Depend on Global Market situation)

Currency Front:-

Indian Rupees will go to open weaker. INR will run flat in Intraday.

Gold Price View:-

Buy below 29,500 -30,000 Investor can buy gold from this level.

(Gold, Oil and Currency views had given for reference purpose. Do not trade on our view; if you wish to buy, Gold or silver that just click away – Gold.)

Dreamearn.com is not taking any responsibility about subject trade house. Trade or make relation on your own risk.

Oil Front:-

Oil will be opening flat and going to trade full day in flat to strong line.

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 mix.

Europe Market will run flat. Much news has to come. ECB announcement is biggest.

USA Future market will run flat.

News Front:-

Government all set to go for diesel/LPG/petrol price hike.

Some good news about Infosys that LIC rise stake around 2%. That is good news.
Infosys cut down employee allowance.

Railways fare rise by 20%. This is good for nation and good for support or infra company. Buy for 5 to 10% Titagarh Wagons, Kalindree Rail and Texmaco Rail.

We posted one research report Bharti Air tel. If not yet read please read. One by one, telecom service provider are raising price.Use our research report as a Investment Idea.
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Dance Sector:-

Reality is our pick. HDIL, DLF, UNITECH (LAST NIGHT WE GIVEN SAME TIME) today: – HDIL tomorrow what …HDIL hope yes. If market holds above 5944 Friday will be day for DLF and Unitech.

Positional Trade Guide: -

1) Hold Nifty for 6044/6078/6124. SL will be 5944.

2) Bank Nifty wait.

3) Tech Mahindra for 956/984. SL will be 904.

4) UCO Bank SL will be 82 Target will be 88.

5) Hold KTK Bank for 194 targets within this series SL will be 172.

6) SBI is buy recommendation for target 2538/2546/2564. SL is very low so better no need to post. Use your financial health.

7) Gulf Oil Corporation for 94/98 SL will be 86.

8) Ind- Swift Lab with SL 54 Target 64/68.

9) Arvind for 108/114 if Holds 98. We brought 99-100. If anyone are willing to hold can hold for new target 120 to 124 within February 2013.

Thank you very much for following and reading our post.

Ideas had taken from John,Mr. Chetan Singh,Mr.Jignesh, Nano khan, Kamboj and,Neeraj
Written By: – Neeraj.