Friday, 4 January 2013

4th Jan 2013 - Morning update courtesy Dreamearn.com

Good Morning friends,
  • Nifty will open strong.
  • Nifty can test 5964 with next few days.
  • Nifty in January series can test 6044/6148. Book you long with first target.
  • Nifty is enjoying very good support
  • Bank nifty book 100% profit near the final target.
  • Nifty have immediately support is 5978. Second level support is 5944.
  • Nifty new purchase can made between 5978 to 5844.
  • New purchase is not advisable after gap up opening.
  • Nifty if came down to take breath for one to three sessions, Breath line will be 5944. Nifty can give another run for final target 6148.
Nifty above 6018 no problem can go to test 6044/6058.

Nifty below 6014 can go to test 5980. We are not advising for short position. If sign is up, do not trade against of trend.

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.

Asian data to Europe and End of the day USA data will also going to help Global market.

Currency Front:-

Indian Rupees will go to open weak. No sign are coming for recovery in Intraday. Rupees can test within 4 days 56.80.

Gold Price View:-

Buy below 29,500 Investor buy gold from this level.
(Gold, Oil and Currency views had given for reference purpose. Do not trade on our view)

Oil Front:-

Oil will be open flat and going to trade full day in flat 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 mix to flat.

Europe Market will run mix.
USA Future market will run flat to positive.

News Front:-

Dieasel Car can see duty hike in next budget. This is bad news for Car maker.

Barclays telling 30% upside can come in NMDC. Share price can take support.

Plan for Capital infusion to PSU banks sent to cabinet for approval. Seeks exemption from cabinet nod for bank re- cap. This is good for PSU.

Tomorrow PSU can rise other hand Private Bank will drag.

JSW Steel hikes price 2% that is good for other steel maker too. Reduction in Iron Ore also going to help profitability of Steel Company.

Etihad could buy Kingfisher stake. We are very hopeful. Team is not agree, however writer is very much sure about this purchase. Take your own decision.

Education sector can come to limelight January and February. Hold position Let Picture to come clear.

Concern are rise in Education Sector as government planning to reduce budget around 7%.

www.dreamearn.com or write to support@dreamearn.com

Dance Sector:-

Sorry we booked our long in metal.
IT will good for next week. We will take decision Monday morning.

Positional Trade Guide: -

1) Nifty for 6044/6148. SL will be 5944.

2) Bank nifty SL 12164 Target will be 12924. Please book 100% tomorrow.

3) Buy M&M near to Support level 924 for 984/996/1008. Hold for second target.

4) Buy Bajaj Auto, Target will be 2214/2248/2268/2300/2344. We are long since 2088. This target can come within this series.SL will be 2070. Hold for final target.

5) IFCI buy for 38/40/42 remove SL and Hold.

6) L&T buy for 1684/1714/1754/1800. SL will be 1524. We will book 50% PROFIT tomorrow near 1660. Fund we will keep for again purchase near 1580. WE GIVEN INTRADAY SELL CALL IN L&T. CHECK OTHER SHORT TERM GUIDE.
7) Arvind for 105/108/114 if Holds 98. We are holding for 118 but we will book 100% at 108.

8) Ranbaxy Lab for 522 SL will be 492. Ranbaxy new target will be 538. SL will be 508.

Thank you very much for following and reading our post.

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

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