Market Outlook Dec 15 2010

Nifty Traded near is resistence level most of the time , support level of 5890 was tested and it raised from that level to 5944 ,No significant move on either side below 5890 and above 5980 was noticed and Nifty managed to hold on to that 5,900 mark and ended at 5,944 . we expect Nifty to make positive move tommorrow .If nifty manages to cross the 5971/5980 range it should make a significant move till 6065 else it should be trading within the range of 5890 -5980 .

Long positions should be intiated only when nifty makes move above 6065 level . Any positive move tommorrow shoudl see more short covering and that could lift the nifty to higher side of the current range.

Book Profit on Dec 15 Calls
ABG shipyard - Target Achieved
ABB - Target Achieved


Today Call Performance Update :

Bharath Forge Buy above 380 Target 400 Stop loss 376
CMP 390.9 Profit 10 Rs , Target intact

Hanung Buy above 218 Target 226 Stop Loss 216
Target achieved High 232 Profit 14 rs

Click on Traders Call for Day Trading recomandations .
Click on the wealth builder - for long term investment Picks.

Traders Call - Day Trading

Wealth Builder - Long Term Picks

10 %, 20%,30%,40%,50%,60%,70%,80%,90% is done..Our target 100% .
Happy Investing