Market Outlook Dec 21 2010

Market Outlook :

As Anticipated On dec 20th market traded flat amid volatility , Nifty Touched the resistence level of 5985 befor closing on to 5947.we expect Volume is likely to be light as we approach the Christmas holiday, which will likely result in some choppy trading conditions. With European sovereign debt concerns still in focus, currency moves will remain a focal point as markets digest ratings agency comments and headlines regarding the extent of problems/progress there.

Trading Range for Nifty Dec 21 :

Trading Range ----> High = 5987 Low = 5903
Next Day Pivot Point ----> 5944

Strong Above 5915 & Weak Below 5835 Spot Closing
Initiate long positions above 6065 levels
initiate short positions below 5835 levels
Medium Term Crucial Support @ 5535 & Resistance @ 6357 on Closing Basis.

Dec 20 Recos Performance Update

Tcs - Buy @1110 Target 1146/1175 SL 1108 CMP 1167 PRofit - 53 Rs
Tata Steel- Buy @657 Target 675 SL 653 CMP 671 Profit - 14 Rs
ACC - Buy @1076 Target 1089 SL 1071 CMP 1097 Profit - 21 Rs
Sail - Buy @186 Target 196 237 Stop Loss 182 High 191 Profit - 5 Rs
Total Profit for the Day 138 Rs

For TCS/TataSteel/ACC both Target1 and Target 2 achived Book 50% profit

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

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Wealth Builder - Long Term Picks

world market Cues :

World stocks pared gains to trade slightly lower on Monday while the euro fell broadly on concerns over the euro zone debt crisis.Government bond prices on both sides of the Atlantic rose on safe-haven demand spurred by worries over the fiscal shocks in Europe and heightened tension between North and South Korea.

North Korea said it would not react to "reckless" military drills by the South despite an earlier threat to retaliate, and CNN reported that Pyongyang had agreed to the return of nuclear inspectors.

The euro remained under pressure after EU leaders last week failed to produce a permanent financial safety net for the region's weaker economies.It slid to a two-week low versus the U.S. currency and record lows against the Swiss franc and Australian dollar as traders fretted over Europe's debt woes.

U.S. stock indexes turned negative in early trading, weighed by declines in the information technology sector, while crude prices also edged lower.

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