Monday, 31 December 2012

Early trading session of New Year Started with green. Nifty opened with 5937 and BSE Sensex opened up near 19513.00. It is a Cheerful starting of year 2013. Toady Nifty trend will be bull and trading range fall under narrow range of 5930-5961. According to Brokers Market expected to continue in upward movement due to high buying rate and starting of new investment by traders on first date of New Year.
All Sectors show upward movement. PSU Bank Index gained 57.75 points on early trading session. FMCG stocks are showing fast movement.

Nifty Gainers:  Reliance infra, Hindaco, Jindal Steel, JP Associates, SBI.

Nifty Losers: Wipro, ONGC, Dr Reddys Lab.

Nifty Future and option: Open Interest of Nifty Future Increased added 74800 shares.   

Stock Recommendation

Today intraday calls

Buy Jindal Steel Target 470.00.
Buy Punjab National Bank Target  910.00.
Buy Reliance infra Target 555.80.
Buy Grasim Target 3225.25.

F&O Calls

Buy Bank Nifty Future Jan 31 Target 12780.00  SL 12450.00.
Buy GAIL Future Jan 31 Target 362.00 and SL 352.00.
SELL Bajaj Auto Future Jan 31 Target 2122.00 SL 2165.00.



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