23-12-14 DAY PERFORMANCE:

NIFTY PERFORMANCE:

Nifty had resistance at 8365 as we mentioned the resistance level of 8370.  Even though morning session Nifty has shown the bullishness, could not sustain at resistance level, and got corrected to the level of 8250 level, which can be treat as respective supportive area of 50 DMA.  As tomorrow Nifty's near month derivatives session is going to close, we can expect good volatility along stock specific action.  Today India Vix also closed near to its 20 DMA after it touching 16.11 level, which gives indication about accumulation options in the system.

STOCKS TO WATCH (POS/DAY BASED ON LEVELS GIVEN)
HDFC BANK: Buy > 950 Trg 957/972 SL 948 (JAN CE will be better option)

                     Actual: Low: 955.60; High: 973.85

                     960CE: Low: 26.65; High: 36.90

JINDALSTEEL: BUY > 143 TRG 149 SL 140

                       Actual: Low: 143.90; High: 149.25

 
SUPRAJITENG: BUY > 135 TRG 142 SL 130

                        Actual: Low: 139.15; High: 146.50

Let us hope this Christmas Lights will show us the Profit Making Ways to all of us.