Wednesday, January 13, 2010

Post Market Analysis for 12th jan. (Free stock recommendation for 13th)

                     
 Post Market Analysis for 12th 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, But Unfortunately markets collapsed in second half and closed near 5210 before touching 5200.

Nifty was trading Negative though it opened on a strong note but most of the day witnessed profit booking, overall a volatile day for Nifty traders and one of the worst days for  mid-cap and small cap stocks trader would have had a Stress full day as stocks were collapsing after gaining significantly in the morning around.

Nifty and Sensex closed at 17,422 down over 104 points and 5210 down 39 points respectively. Midcap and small cap index both were down 0.64% and 1.1% respectively.Keeping all round market breadth Negative.

 

Our Recommendations:

We recommended JSW energy yesterday; above 121 today it made a high of 123.8.

Pre-market calls:

Gwal chem, HDIL, JSW energy and Deepak fertilizers which hit all our recommended targets.

Our Nifty Sell call below 5230 did wonders and touched the low of 5200.

Yesterday we wrote:

"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."

Hope the result is in front of you, and we all saw what happened today after breaking 5250 convincingly.

Stock to watch:

Yesterday: GE shipping down more than 2.9% and JSW energy reached our target.

Stock to buy: Bharti shipping above 318 target 322 to 329 SL 313

   Buy BPCL above 634 for target of 640 to 655 SL 627

 

 

   

 
 

1 comment:

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