GOOD morning have a nice day Happy and profitable trading!
INTRADAY CALLS FOR WEDNESDAY:16.12.2009
BUY SAIL above 214 TGT 220,224 SL 211
Buy Spice Mobiles at 31.5, TGT 33. SL 30.80Buy RENUKA above 219 SL 215 TGT 224-227
Buy Greenply Industries at 130.85, TGT 137. SL 127.50
Trade in small quantity considering market weakness.
INVESTMENT CALL & DELIVERY CALLS
Buy Dr. Reddy above 1135 sl 1118 tgt 1152 1169
STOCKS IN NEWS UNION BANK ,KALINDEE RAIL,BHARTI SHIP
INDIAN ADRS ICICI BANK DOWN 4%,HDFC BANK DOWN
Astro view, December 16, 2009
It's Amavasya today, and moon is in the Jyeshtha nakshatra: thisbasically means that today is not a good day.But today Nifty is likely to have a strong opening. However, the day'sover all weightage is very less. So don't indulge in PTST and BTST.10:05 to 11:00 During this period, be careful where you tread and doyour homework well before you start trading. Follow the trend closelyand try to make use of both the positive and negative trends. However,the over all weightage is good. (0.10)The rest of the day you will be busy counting sheep and finding novelways of killing time, while the boring and uneventful. The most you cando during this period is jobbing.From 11:00 to 12:40 Nifty may make a reverse formation. (-0.06)12:40 to 14:30 Nifty may first move up, then down, then up again. Youcan make a lot of money by playing intra day on both sides. But if youfail to make timely exit, Ganesha can't help you. (0.06)
MARKET OUTLOOK WEDNESDAY 16.12.2009
Nifty (5033) we said ‘I would give at most 3 more days for a sideways move but looks like a trend should emerge anytime now…and it could be either ways UP or DOWN but my bias would be down’ and that is how the market unfolded, the trend emerged and it was down as expected…technically the trend is now down and if we get any rallies then these rallies out to be sold until a strong support emerges…
The crucial support on the downside for the Nifty is 4950 and resistance at 5100-5182
BSE Sensex: (16877) the crucial support on the Sensex on the downside is 16660 and resistance at 17050
WORLD MARKETS UPDATE
Asian MarketsAsian shares trading mixed on Wednesday.Nikkei Stock Average 225 up 100.57 points at 10,184.05.Hang Seng Index down 174.66 points at 21,639.26.KOSPI Index down 0.27 pct at 1,661.34.Shanghai Composite Index down 0.10 pct at 3,271.35.
US Markets US Markets ended lower on Tuesday. Dow Jones industrial average down 49 points, down 0.47 percent, to 10,452. The Standard & Poor's 500 index down 6 points, down 0.55 percent, to 1,108. The tech-heavy NASDAQ composite index down 11 points, down 0.50 percent, to 2,201.
European Stocks Ended MixedEuropean Markets ended mixed on Tuesday. Britain’s FTSE 100 index ended down 0.56 percent down 30 points to 5,286 ,Germany's DAX ended up 0.16 percent up 9 points to 5,811,France's CAC 40 ended up 0.10 percent at 3,834
CommoditiesCrude oil was up 13 cents to trade at $70.82 a barrel. Gold settle at $1,123 an ounce.
We wish you To Have A Superb Profitable Trading Day Today!!!
Regards,
RAKESH MAKIN
Chugh securities Pvt Ltd
+91 9915684997, 9041667797
PANCHKULA (Haryana).
Email:makin_97@yahoo.com
Email:rakeshmakin@yahoo.com
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WISH U ALL HAPPY & SAFE TRADING
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