Date 21th Dec 2010 Powered by Bazaaredge.com
Market Outlook
Technically after a good recovery Nifty gave up the gains to profit booking and closed with marginal cut. Market is expected to remain volatile. Nifty is having resistance at 6000 and 6060 while the support is there at 5855 levels. Traders should be very active while following levels in case trending move comes then it may reward heavily to them.
Auto & Tech sector to perform.
Intraday Calls
Buy UB Holdings cmp 277 stoploss 267 target 284
Buy Bhartiship cmp 209 stoploss 203 target 216
Sell
Positional Calls
Buy JKIL cmp 172 stoploss 167 target 184
Buy Havells cmp 380 stoploss 375 target 390
Technical Fundamental Calls
The shortage of gas due to a decline in a KG D-6 gas production is likely to be filled up by lage LNG imports. There will be no major impact on GAIL gas transmission volume as additional LNG capacities by Petronet LNG
Investment Picks
Rallis
Future & Options Strategy
Buy Pantaloon FUT cmp 367 stoploss 359 target 375
Buy Centurytex cmp 416 stoploss 409 target 422
Sell IOC FUT cmp 367 stoploss 376 target 362
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