Morning Bells (6 Dec 12)

Good Morning Friends,


Abraham Linken – If maintaining relationship is your weakest point then you are strongest person in the world.

I think today there's no need for Morning Bells as market will enjoy the ride, we just need to be cautious in second half because though FDI passed in Lok Sabha but today its going to discuss in Rajya Sabha and Govt. dont have sufficient No. in Rajya Sabha in the view if SP & BSP remain absent from voting.

Lok Sabha is a legislative house while Rajya Sabha is not, so it wont affect when it comes to rule but yes it will affect Govt.'s image and opposition specially BJP can start new drama, so just need to be careful.

Everything went as per plan and that's we bought 6100CE @28.

Will update if I found anything interesting.

NIFTY OUTLOOK –

Nifty will face resistance at / in the range of 5950 & 5990 while 5850 / 5785 is the SL for longs for short term trend.

So for short term view Nifty seems in the range of 5785 – 6000. If Nifty crosses 5990 decisively then we may see 6050-6080 next week.

============ 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.

DB Realty - @128 for TG 145+ SL 107

Dishman - @118 for TG 130+ SL 107 (Has given buy signal and may see some move in this series)

Jindal Photo - @145 for TG 160+ Updated SL 126 (126 on closing basis, volatility SL 123)

DB Corp – @219 TG 140+ SL 240+ (1-4 Week)

SBI call spread – 2400CE @23 SL 10 & 2100PE @11 SL 4 (hold till next instruction) 

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

============ TODAY’S PICK ============

(Intraday to 1-2 sessions) –

Buy HeroMoto - @1820 SL 1800 TG 1875+

Rel Infra - @500 SL 492 TG 515+

For more update – stay on blog during market hours.

Today’s MG Mantra –

To all blog members & visitors, though there’s no big worry seems but market will react sharply on FDI, so if it falls down during voting then one needs to keep strict SL (8-10% from CMP) on all open position.

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.


============ IMPORTANT MESSAGE ==============

I dont know but my blog is not signing in me and that's I am unable to comment on it, it was working till late evening but now I am trying since 9PM. So I am reading your comments but will reply once blog will start accepting my messages.