USD/INR Daily

Better then expected industrial production data as well as news of hike in chinese CRR were the main factors that exerted their influence on USDINR pair. The pair opened the day at 45.45 and touched 45.51 levels however during the end of the trading session the trend was reversed with USDINR closing at Rs.45.71/USD. India's Industrial production grew at the fastest pace in 25 months November output at factories, utilities and mines rose 11.7% from a yearearlier after increasing 10.3% in October. However equity markets did not respond to this news in positive way with Nifty closing 40 points down at 5210 points. Chinese Central Banks increased the Cash Reserve Ratio by 50 basis points much in line with its monetary tightening statements released during the previous week. Commodity prices gave up its gains after this statement and a negative effect was also seen in equity markets with Dow Closing down by 36 points. Overall one can expect USDINR to consolidate for today with prices expected to move between 46.00 and 45.50 levels.

Nifty Target and Stoploss dt 13-01-10

 

Nifty Target and Stop loss				Bullish
Stop Loss 1	Stop loss 2	Pivot	Target 1	Target 2
5137.73	5174.07	5237.28	5273.62	5336.83
Note: -	1.If Bullish take only Long Position don't short.
	2.If Bearish take only Short Position don't long.

 

Buy hindusthan uni lever (hll) with stop loss 260 ,very good support (200 dma ) at this level

 OPM Capital : Intraday Trading Tips

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