Tuesday, December 9, 2014

09-12-14 DAY PERFORMANCE:

NIFTY PERFORMANCE:
Our Nifty was influenced with Global sell off and today also broken the technical supports.   All most all indices performed very poorly except some pharma stocks.  To China market fall is much more influenced than any thing and continued selling 4th day in a row.  With in 2 trading sessions, Nifty lost almost 200 pts against the last week's loss of 67 pts.   Let us hope for better tomorrow and let us continue to depend only on delivery base trading for time being than intra-day as we mentioned in our morning note.

STOCKS TO WATCH (POS/DAY BASED ON LEVELS GIVEN) 
IDFC: SELL < 158 TRG 156 SL 160
           Actual: Low: 153.05; High: 158.10

JAINIRRIGATION: SELL < 81 TRG 78.50 SL 83
                                Actual: Low: 78.60; High: 81.70
 
SBI: SELL < 314.50 TRG 311 SL 317
        Actual: Low: 305.40; High: 314.60
 
NDL: BUY > 48 TRG 50/54 SL 47
          Actual: Low: 50.15; High: 53.20
 
MAHINCIE: BUY > 236/241 TRG 241/251 SL 232
                     Actual: Low: 234.95; High: 250.75

If you analyse  our stock recommendations, you will agree with us, that who fallows market trend and technical signals along with fundamental values, theirs success rate will be better than blind traders.

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