19-12-14 DAY PERFORMANCE:

NIFTY PERFORMANCE:

Today Nifty opened with gap up in line with our SGX Nifty and in continuation to yesterdays quick start.  By and large Nifty had absolute flat week by closing 8225 against its previous week closing of 8224.  Holding with reasonable correction is a good sign for bull market in a situation of over run.  As we got only 2 working day in between of Derivatives session, next Monday and Tuesday Market will be more volatile.   As you all know, 24th onwards most of the Global Share Markets will be closed for Christmas, till 1st week we can not get any clues from overseas markets.  Only news related Advance Tax and other Indian Economy related will be feeder element to our Markets, by which we can expect stock specific movement than over all market.

STOCKS TO WATCH (POS/DAY BASED ON LEVELS GIVEN) 
KOTAK BANK: SELL < 1254 TRG 1239 SL 1268 (WAIT FOR NIFTY RET. JOURNEY)
                            Actual: Low: 1232.10; High: 1262.60

IBULLHSG: BUY > 448/455 TRG 455/465 SL 436/447 (BASED ON OPENING)
                     Actual: Low: 451; High: 464

RECL: BUY > 327 TRG 335 SL 320
           Actual: Low: 326; High: 335.85

PFC: BUY > 292 TRG 306 SL 282
         Actual: Low: 292.80; High: 302.50. 

We wish you all the best and Happy Week End.