Post Market Analysis for 11th jan. (Free stock recommendation for 12th)

 

Post Market Analysis for 11th jan   Dear Readers, Indian Markets today started on a positive side, but filled with volatility and stocks zooming around especially Mid-cap and Small-cap stocks, there was an unusual buying seen in most of the shipping stocks like ABG, Bharti and GE shipping. Some these zoomed to hit upper circuit  Nifty was trading flat though it opened on a strong note but most of the day witnessed profit booking, overall a dull and a boring day for Nifty traders, but mid-cap and small cap stocks trader would have had a wonderful day as stocks were flying around. Nifty and Sensex closed Flat 17,526 and 5249 respectively. Midcap and small cap index both were up 0.95% and 1.8% respectively. Keeping all round market breadth positive.   Our Recommendations: We recommended Rsystems last Friday near 109, today it made an high of 123.5. Pre-market calls: PFC, EKC, Gujarat Apollo, Redington made almost all our targets. HCC and Indiabulls could not perform well and hit Stop Loss.   Markets tomorrow: We expect some choppiness in market to be continued, but we also advice our readers to be cautious if Nifty trades below 5250 levels for a while, one can go short if nifty breaks 5230 and Exit long positions if it breaks 5180. On the upside Nifty has to close trade above 5305 for a while to extend its gains. So, you can trade in Nifty as per the above levels and reduce your risks. Stock to watch: GE shipping and JSW energy. Stock to buy: Buy JSW energy above 121 for target if 123 to 126 Stop loss of 118