Monday, 28 January 2013

28th Jan 2013 - Morning update courtesy Dreamearn.com

Good Morning ,
  • Nifty will open positive note.
  • Nifty technical looks good, Nifty have strong support at level 5988.
  • Nifty can see 6164 target in this series with RBI Rate cut. If no rate cut only 6124 to 6120.
  • Bank Nifty if holds 12534, able to test 13300 with help of RBI rate cut.

Day view for Nifty:-

Nifty is going to open positive, Nifty can reach 6106.If holds 6124 will come.

Nifty if get support from Asian market can able to pass 6098 level that is very important level.

Now nifty is standing in ding-dong level. 6072 to 6084 is no trade zone for tomorrow.

Nifty Trailing SL is 6044 if anyone is holding long from lower level please hold with 6044. For 6164.
 
Nifty have space in normal condition 51 points from Friday close. RBI going to add spice in Nifty Masala very soon, Nifty is going to see 6164.

Nifty is heading for 6164 within this series. SL for this trade will be 5988.

Bank nifty is heading for 12840 Make SL 12534. Dear, here shown target is for Day trader.

Nifty range will be in between 6074 + 32 = 6106, Nifty lower side is 6074 – 27= 6047.

MID AND SMALL CAP VIEW:-


Midcap and Small cap can give some more recovery rally.

USA MARKET VIEW:-


DJIA still look good. However, upside is very limited in DJIA. Tomorrow DJIA can give negative to flat closing.

Data Front:-

Today most of data does not going to give effect in Global Equity market.

USA: Core Durable Goods data will come today. The data will come below the previous data. If this happens then Dow will take some dip.

Currency Front:-


Indian Rupees will go to open strong and run full day going to run positive to flat.

Gold

Monday …buy Gold.

Oil Front:-

Oil will be open flat can run for some time. We are positive for oil for Monday.
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 to flat to positive.
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.

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.


Positional Trade Guide: -

1) Tech Mahindra buy for 1064. SL 964 Buy only from lower level.Our Great performer in last one month. Next three month Tech mahindra going to perform.
2) Buy ICICI bank for 1204 Target SL will be 1154. Buy below 1168.Result will come on 31 Jan. We are hoping good result. However on the chart becoming weak, that might be early signal.
3) Buy Oberai Reality for 324 SL 294.Debt free company, we love to trade.
4) Sell Tata Steel above 408 for Target 388 SL 414. Debt burden and weak Global outlook.
IF YOU NEED MORE VIEW, PLEASE VISIT WWW.DREAMEARN.COM

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

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