DAILY REPORT FOR
NIFTY: - Open 6079 High 6098 Low 6021 Close 6079 (-2 points)
P/E 27.35 P/B 6.33 Adv 29 Dec 21
Supp 6050/6000/5940 Res 6115/6150/6200
SENSEX: - Open 20158 High 20259 Low 20022 Close 20206 (-9 pts)
Supp 20150/20000/19800 Res 20330/20420/20500
Heavy Metal:-
· Nifty moved sideways the whole day and stock-specific movement was seen. Metals, Realty stocks gained.
· Volumes - Rs 17548 Cr in spot market and F&O Vol at Rs 50436 Cr.
· Market Breadth– BSE Adv 2370 Dec 696 Unch 38 NSE Adv 845 Dec 302 Unch 16
· Top Gainers: - Nalco, Unitech, HCL Tech, Tata Steel, SAIL
Top Losers: - Wipro, Bajaj Auto, Idea, TCS, Bharti Airtel
· FIIs bought Rs 653 Cr and DIIs bought Rs 166 Cr in Cash Market. FIIs sold total Rs 1645 Cr in stock and index futures.
· Total OI 108015 Cr (+7229 Cr) PCR at 1.28
· Nifty added 4% OI. Premium 38.6 pts
· OI Added:- BankNifty 9%, Amtek Auto 42%, Aptech 18%, Arvind Mill 25%, Bajaj Auto 23%, Bharti Airtel 13%, CMC 14%, Edelweiss 15%, GDL 10%, Glaxo 10%, Havells 38%, HOEC 19%, Hotel Leela 15%, IndHotel 14%, Ispat Ind 14%, JPHydro 30%, LITL 10%, MahLife 13%, Mico 22%, NagarConst 9%, Omaxe 10%, ONGC 13%, Orchid 14%, Pantaloon 11%, Parsvanath 15%, Purva 23%, Redington 21%, Shree Cem 34%, Sobha 15%, Sun TV 10%, Tulip 13%, UniPhos 14%, Unitech 13%
· OI Shed:- SCI 8%, Alok 4%, Hind Zinc 4%, Axis Bank 3%, Rolta 4%,
Indian ADRs: - http://tinyurl.com/33m7dx
Global Markets:-
US Markets were flat as Dow Jones was up just 6 points. NASDAQ was down 2 points. HDFC Bank and ICICI Bank ADRs gained 3% each. Others were flat.
Outlook for Monday:-
· This is the last day of the year, though not the last from the viewpoint of settlement calendar. Market is expected to be stock-specific as NAV propping can happen from various funds.
· Nifty and Sensex have recouped almost all the losses of 3rd week in December. Short term players can keep SL at 19800 for the Sensex and look forward to 20500 as the target. Surpassing this level can give us a good breakout.
· GDL (162):- The stock has broken out on weekly graph. Buy for target of 200-210 in short-term. SL 150
· ITC (206):- Buy with SL 194 for target 225.
Disclaimer: These recommendations are based on the theory of technical analysis and personal observations. This does not claim for profit. I am not responsible for any losses made by traders. It is only the outlook of the market with reference to its previous performance. You are advised to take your position with your sense and judgment. I am trying to consider the fundamental validity of stocks as far as possible, but demand and supply affects it with vision variations.
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