Happy New Year 2013

Good Morning Friends.

The sea is common for all… but some takes Pearls, some takes Fish and some come out with wet legs… Moral – you get what you try for.

WELCOME TO 2013 – A full of promising & entertaining year ahead. Happy New Year to all blog visitors, members from whole MG family & Friends.

It was also a wonderful year for MG family that we got new platform and introduced to our strength. Around 800 visitors per day to which I was completely unknown. But I am in trouble by seeing this much followership as now I need to complete MBells everyday.

Well, market ended happy with the NSE Nifty registering ~28% while the BSE Sensex recorded nearly 25% gains. Today after opening on a flat note, markets struggled throughout the day for any specific direction. Market participants remained cautious as the fiscal cliff worry continues to keep traders jittery.

A sudden bout of buying in the last hour did lift the Nifty above the 5900 mark; however the momentum was short lived as offloading in the Capital Goods, FMCG and the IT stocks dragged the Nifty to close near day’s low.

RIL, Infosys, Wipro, Tata Steel, Hero MotoCorp, ONGC, Coal India, Dr Reddy’s Lab, NTPC, BHEL, Bajaj Auto, Tata Motors, Hindalco Inds and Mahindra & Mahindra were among gainers while TCS, Sun Pharma, ICICI Bank, Maruti Suzuki, Bajaj Auto, Cipla, HDFC, Bharti Airtel and L&T were among losers in Sensex and Nifty.

Stocks which hit 52-week high during the week were Hinduja Vent, Shree Cement, Procter & Gamble, Cummins India and Bosch.
Stocks which hit 52 week low during the week were Himadri Chem, JCT Electronics, Maharashtra Seam, Mirc Elect and Shaily Engr.

Above all, for the year as a whole, India was the best performing market in Asia. The Nifty and Sensex rallied over 25 percent in 2012.

As I see market is still in uptrend and people can join the party if they have missed the bus in 2012 as I see good gain till budget say around or more than 12-15% gain unless and until no bad news come out in the way of new highs.

Pvt. Banks, Auto sector, Metal sector seems major contributor for this move.

MARKET OUTLOOK –

Levels to be watched closely 5835 & 5785, both has good support while resistance seems 5950-5980-6040

The INDIA VIX on NSE was shot up 9.6% and ended at 14.95 against 13.74 and FNO PCR is 0.80.

The rupee rose 0.28% and ended at 54.99 than its previous close of 54.93.

S&P 500 (US) ended at 1410.35 up 7.92.

NIFTY OUTLOOK –

Nifty is in range of 5785-5835-5990-6040 for current week.

Resistance comes to 5917 - 5928 – 5950 and Supports comes to 5895 – 5883 – 5773.

STOCK OUTLOOK -

(Stock outlook needs to watch stock movement carefully and then one can bet after having a look, I tried to put related info which will help you in taking positions.)

Auto Sector – to shine in first quarter of 2013

Metal Sector - to shine in first quarter of 2013

Realty Sector - to shine in first quarter of 2013

Pvt. Banks - to shine in first quarter of 2013

============ OPEN CALLS ============

# Please remember when I make special remark with any position then one should need to take care of that else you can make loss instead of profit.

# Be with strict SL and don’t hesitate to book even small profit if Nifty doesn’t shows strength.

Dishman - @118 for TG 130+ SL 107

DB Corp – @219 TG 240+ SL 201 (1-4 Week)

============ INVESTMENT BASKET ============

(Stock in this section is with view of 3 months to 1 year)

Mahindra Holiday – @334 TG 375+

Satyam Computer – @103 TG 130+

LakshmiVilas Bank – @105 TG 125+ (Active from 27 Dec 12)

============ HOT SHOT ============

Keep eye on following stocks, if Nifty shows strength then these stock can give you reasonable return in very short term –

Today’s MG Mantra –

Enjoy the ride.

Have a Profitable day – MG

Disclaimer –

1. I have shared my view as per my limited knowledge; please use your own skills to make a wise decision before execution of trade or consult your financial advisor.

2. Those that don’t have patience and are not willing to book loss also in cases don’t enter this market.