Morning Bells (28 Dec 12)

Good Morning Friends.

Never get discouraged, when your first few attempts fails, its often the last key in the bunch that opens the lock.

Finally most hyped Dec 12 expiry ended lower 35 points and Nifty settled 5870. Nifty stuck in tight range for whole month and as guessed it find hard to break major resistances 5930-5950-5990. It was a good positive start with 20+ points but soon after it went down and stuck in narrow range, then around closing time investors prefer to sit on cash ahead of US Fiscal cliff meeting.

Today fresh series is going to start which many feels full of promises with boost from RBI for rate cut hopes but as told the only thing can not pull market, it also need some ground level activities.

So today, there’s nothing much to say about fresh series, its just beginning of series and today is Friday, better to sit on cash and wait for breakout either side to take fresh positions.

The Reserve Bank y’day said it will pump in Rs 8,000 crore in the market on December 28 by buying government securities to ease the liquidity situation. RBI decided to conduct Open Market Operations (OMOs) by purchasing government securities for an aggregate amount of Rs 8,000 crore on December 28, 2012," RBI said in a statement. It could give strength to market.

MARKET OUTLOOK –

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

The INDIA VIX on NSE was down 2.55% and ended at 13.74 against 14.10 and FNO PCR is 0.80.

The rupee rose 0.16% and ended at 54.93 than its previous close of 54.85.

S&P 500 (US) ended at 1417.50 down 2.33.

NIFTY OUTLOOK –

Nifty is in range of 5785-5835-5990-6040.

Resistance comes to 5912 - 5954 – 5978 and Supports comes to 5846 – 5823 – 5780.

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.)

RCF –

The Cabinet Committee on Economic Affairs today approved the disinvestment of 12.5 percent.

============ 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 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+

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

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

Buy Lakshmivilas Bank around 106-107 for TG 125+ (positional)

Today’s MG Mantra –

Look for breakout or breakdown. Its Friday and Nifty is already showing weakness. RBI move can give some strength.

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.