Thursday, 17 January 2013

17th Jan 2013 - Morning update courtesy Dreamearn.com

Good Morning friends,                                                                                                               
  • Nifty will open flat to positive.
  • Nifty technical looks flat, Nifty have strong support at level 5978.
  • Nifty can see 6138 or higher target in this series.
Nifty can open in positive note and run for few points. If Nifty passed 6024, Nifty will show short covering for 6038. Nifty can hold upper level only above 6024.

Nifty will take support at 5978. A number, where market will move either way.

Nifty range will be in between 6001 + 37 = 6038, Nifty lower side is 6001 – 25= 5976.

We have very strong feeling that Friday will be good for Indian Market.

Dow chart still looks good, Dow will run in positive note for tomorrow. Target will be hardly 44 points. However, Dow is coming to resistance level 13554. Dow views are publishing for next day.

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. China Data can bring smile on Metal trader.

Currency Fronts:-

Indian Rupees will go to open flat and run full day weak to flat.

Gold

Price View: – Tomorrow will be good day for commodity Gold and Silver can give brightness. This view is for Indian Market.

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. This view is for Indian Market.

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 flat.

USA Future market will run positive.

News Front:-

Keep eye one news that Hero Honda worker unrest can come. Keep eye. Hero Honda has already bad time and if this news came in real. Big correction will come.

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. We are telling this from one week. Now it is real. More rise in Fuel price will come very soon. Stay tune with us.

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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Result Highlights of the week:-

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. 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. Some question is coming about HDFC Bank result keep eye open.

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. If you wish to buy now can buy at lower level.

2) L&T buy with SL 1524 for 1572/1584/1598/1614. L&T 1600 call we are holding for 44 we brought below 22 SL 12.

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

IF YOU NEED MORE VIEW, PLEASE VISIT WWW.DREAMEARN.COM

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

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