15th Jan 2013 - Morning update courtesy Dreamearn.com

Good Morning friends,                                                                                                               

• Nifty will open flat to positive.
• Nifty technical looks strong,Nifty have strong support at level 5978.
• Nifty can see 5854 within this week. Tomorrow move will give clear picture.
• Nifty can see 6138 or higher target in this series.
• Bank Nifty first target is 12554 target can come if Hdfc Bank can give bad result. However it is not possible.
• This week government will rise fuel &Gas price that is positive news. That news can add Nifty level 40 points. Keep in mind this news and play.
• Now every rise will give you one opportunity to make short position until 17 January 2013.
• VIX study is showing that if Nifty passed and hold above 6055 Big Short covering rally will come to the market.
• VIX study is showing if Nifty not hold above 6004 to 6018. Nifty can see big off can come.
• We are sorry that given advisory to hold your buy for SIP and Investor. Please ignore our call and enjoy all up and down to buy.

Nifty can open in positive note. Seem to us that will run in range bond. If Nifty is holds above 6014 to 6018 that will be key for new bulls. Today rally is look very strong.

Tomorrow if nifty closed above 6050 to 6055 We are going to see nifty level 6138.

Nifty range will be in between. 6024+31=6055 6024 – 31= 5993. Better if you use 31 point either way from opening number of Nifty. This theory will work if Flat opening.

Nifty below 5970 can go to test 5944/5938/5914/5904. This is Intraday Advice.

Dow chart still looks good but now view is changed to flat. However, Dow is coming to resistance level 13554.

Tomorrow Nifty high will be week high. Tomorrow high can be weekly high for Nifty if Nifty closed above 6018. Picture can be different.

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Data Front:-

Global data and news, many data will come most of them are look good. However, tomorrow we are not expecting big rally. (Today also, we did not expect that rally would hold)

Currency Front:-

Indian Rupees will go to open strong. INR will run strong.

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 negative. (Japan market can show strong.)
Europe Market will run negative.

USA Future market will run negative.

News Front:-

If you want to play on New Banking License, go and buy L&T Finance, Shriram Transport Finance.

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

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.

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Dance Sector:-

Auto Sector is our Dance Sector for SELL this week. Tata Motor and Hero

Honda is top pick for sell.

Result Highlights of the week:-

Axis Bank will deliver inline result on 15 Jan. Is tomorrow private bank going to save Nifty and Bank Nifty ? let check what will come out.
DCB will go to deliver good result on 15 Jan.

Essar Oil result will come tomorrow. Trader can book long position. We are advising to book your long position on opening. (This is For Trader advisory; Essar is our value pick too for 84. We brought below 64.)

Bajaj Auto going to give good result. However, presently we do not think that Bajaj Auto will go beyond 2214. Result on 16 Jan.

TTK Prestige going to deliver average result on 16 Jan.

Yes Bank Result on 16 Jan, result will be inline. We booked our massive profit just Friday morning. (Investment Idea)

Exide Ind. going to deliver good result on 17 Jan.

Hero Honda going to deliver result on 18 Jan. Result will be poor.

HCL Tech going to deliver one of good results in this pack. Result will be come 18 Jan.

ITC will deliver good result; however, we are not advising to buy now. As next month, lot of tax had expected from government. We are hoping something big will come on ITC. However, remember that the time to buy ITC as they will pass all Tax burden to customer. Mamta Didi not with UPA that also going to count in the game. If Mamata Didi with UPA might be, less effect can come. However, Government can take correct decision on tobacco tax. Result will be on 19 Jan.

HDFC BANK will deliver good result, as they are doing most of the time. 19 Jan will be result.

Wipro Ltd. will deliver good result on 18 Jan.

Reliance Ind. will deliver flat result on 18 Jan. RIL can give negative result.
 

Positional Trade Guide: -

1) Hold Wipro for 440 SL 406.

2) Hold TCS for 1374/1378/1414/1440 Use today technical support level as a SL 1334.

3) Tech Mahindra please Hold with 972 SL. Target is same old 1034/1044.

4) JUBLIANT FOOD WORK makes short position with view of 1214/1174 with SL 1278.

5) Holds Sterlite Ind. for 124. SL will be 113.40. Use system SL.

IF YOU NEED MORE VIEW CAN VISIT OTHER PAGE.

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

Written By: – NEERAJ