24-12-14 DAY PERFORMANCE:

NIFTY PERFORMANCE:

Nifty faced selling pressure at last 30 Mnt. time and closed again below 50 DMA.   Nifty could not hold either 8250 or 8180 level also as we expected and it has broken up to 8155 level.  Surprisingly Nifty January Futures premium is above 100 pts (8275 Vs 8174) than the closing price of present month Nifty Futures.  Obviously same difference carried over between Closing Price of Spot Nifty and Jan. Nifty Futures price. As we mentioned in our morning note, today Indices does not played much.  Only Stocks specifics, particularly Infra Stocks gained much than others.  In indices also, only Infra Sector Indices closed in Green.   We can expect news collection after the proposed PSU Banks Review by our PM on 3rd Jan., and there in action in specific bank stocks.  PSU banks consolidation (amalgamation) and unlocking (SBI subsidiaries) of its net worth is on schedule, we should watch this sector with much care.

STOCKS TO WATCH (POS/DAY BASED ON LEVELS GIVEN)

SREIINFRA: SELL < 49 TRG 47/46 SL 50.50

                   Actual: Low:  47.60; High: 49.50

TVSMOTORS: SELL < 246 TRG 241 SL 252

                       Actual: Low: 244.90; High: 255 (most of the day above selling price)

 

MADHUCON: BUY > 34 TRG 40 SL 32 (30 ON POSITIONAL)

                     Actual: Low: 34.15; High: 37.70 (formed open/high)

 

TITAN: SELL < 377 TRG 371 SL 381 

           Actual: Low: 369.10; High: 375.50

 

We wish Happy Christmas.