DOW JONES :The index seems to be setting up for a breakout move above 10550 which could target 10900 in extreme short term. The pullback from the lows has been quick so it may take a few sessions before it sets up higher.
Unless it breaks 10200 we can expect the strong bull move to continue.
Sensex Technical View :
In technical analysis the first rule is to not make QUICK CONCLUSIONS. Although the index has been fighting around 17300 levels and failed to break it in last 2-3 attempts it would be too early to call it a double triple top.
The range continues to be 16700-17400 in near term but next 2 weeks one would expect the indices to finally decide and breakout for a move. End of december or by 1st week of Jan we would see some decisive move. Till 16500-16700 holds i would bet with the uptrend on and possible target to 17700/18500.
High risk pick: buy Ind swift labs at 79 stop 76 tgt 86/91. 
Grasim: A good trade for extreme short term with stop 2420
GIPCL buy above 129 tgt 140-147 stop 124.SMALL CAP COVERAGE :
Last month had initiated a view on Accentia Technology as an interesting bet and for a change my fundamental view got right in time and the stock has given a good 30% move but the view remains same on the long term prospects.
SURYA PHARMA :
Highlights :
-> The stock shows an eps of 35-40 which implies at current market price the stock is quoting at a p/e of less then 4 which is real low for the sector the stock is in.
-> With a book value of 159 and a huge expanse the market cap of 190 crs looks too less.
- > Subsidiary companies have plans from Education,Power,Healthcare and Pharma which is a lot of business verticals.
-> A college, medical stores around India, power projects and infra are the areas which subsidiary cos are working on whereas the core pharma business looks ok.
- > Major concerns are a debt of 2:1 which is huge. So its a high risk bet.
- > Technically good support at 127/110. On the upside stock could see 175 in next 1-3 mths. A major bull move could happen only on crossover above 180.
If things go right the stock an be a multibagger in 6 mths to 2 years. Risk remains coz of debt and ambitious plans but worth a detailed research !!!
It was a lackluster Monday for our market that closed flat for the day. The market saw profit booking in late trade despite positive global cues. The market breadth was negative with advances at 428 against declines of 837.Market has almost made a triple top near 5182 range and not decisively sustaining above this mark,and looks that this level will be not taken out so easily and it can hurt market in the day to come if we are going to break Lower side supports of 5065-45 and a sustained break below this mark will create another panic in the market. and if again we crossed 5183 decisively and hold above it then market can scale new high,say 5255-5300 in this month.Around 5182 there should be caution,and for very immediate time frame 5115 is resistance.
After a sharp gap up opening market closed in the red despite positive global cures.In fact the Sensex continue to move up and touched an intraday high of 17275 points and sustained this level for a considerable amount of time. However, in the second half the Sensex wasnt able to sustain its gain and slipped and touched a low of 17048 level. Thus after a steady start the market indeed became more volatile towards the end of the day.
The market saw profit booking in late trade despite positive global cues. Nifty has stiff resistance at 5150-5180 and once these are crossed it will rally up swiftly. There is sector rotation too and today cement stocks were on the rise. This clearly shows that the Sensex isn’t yet feeling the comfort level above the 17200 levels and that crucial if the Sensex has to move up and beyond that. Volatility to continue in the coming days.
NIFTY (5015.7)
Resistance : 5145 / 5185
Support : 5080 / 5050 / 5020 / 4970
SENSEX (17097.55)
Resistance : 17235/17370 / 17465
Support : 17005/16910
NIFTY FUT (5107.4)
Resistance : 5150 / 5195
Support : 5070 / 5025 / 4960
MKT COMMENTS
NIFTY FUT OI flat with 7% decreasing volumes indicating unwinding at higher levels.
We expect NIFTY FUT to trade negative with volatility.
On Tuesday,Opening Is Flat To Down,
Buy NIFTY Above 5125,Sl Below 5110,Tgt 5150/5175/5195/5220
Sell NIFTY Below 5110,Sl Above 5125,Tgt 5085/5060/5040/5015
Heavy Risky Traders
Buy NIFTY@ 5080/90,Sl 5060,Tgt 5120/5140/5180 (If NIFTY Closes Above 5150,Take Overnight Positions In NIFTY)
BUY
MARUTI Above 1610,Sl 1600,Tgt 1620/30/40/50
BIRLACORP Above 325,Sl 320,Tgt 330/35/40
LNT Above 1705,Sl 1695,Tgt 1715/25/35+
SIEMENS Above 565,Sl 560,Tgt 570/75
WIPRO Above 655,Sl 650,Tgt 665/70/75+
PUNJ Above 200,Sl 195,Tgt 210/15/20
TULIPIT Above 900,Sl 860,Tgt 990/1010
ACC Above 855,Sl 840,Tgt 875/85+
SELL
GAIL Below 420,Sl 425,Tgt 415/10/05
MRPL Below 77,Sl 79,Tgt 75/74/73
ROLTA Below 185,Sl 190,Tgt 180/75
SBIN (2247),Sl Above 2260,Tgt 2230/20
FUTURES
TISCO (544.65) : Buy Around 540,Sl 535,Tgt 545/50
RIL (1066) : Buy Around 1060,Sl 1045,Tgt 1075/80/85/90
STERLITE (837.25) : Sell Around 845/50,Sl 855,Tgt 835/30/25
OR DTAE 15-12-2009
SCRIP = FEDERAL-MOGUL GOETZE (INDIA) LIMITED. (NSE),
SCRIP CODE = FMGOETZE,
PREVIOUS CLOSE = 147,
STOP LOSS = 143,
TARGET = 180.
FOR INTRADAY MOVEMENT OF THE STOCKFILTER PLEASE Click Here!
(OR CLICK THE LINK ABOVE LIVE SENSEX WATCH.)
CHART AS ON 14-12-2009THE RSI SHOWS A POSITIVE CROSSOVER.
TECHNICAL ANALYSIS AND PORTFOLIO MANAGEMENT SUGGESTS THIS COUNTER GOOD FOR A SHORT TERM RANGE.
STRICTLY MAINTAIN AND FOLLOW THE STOP LOSS.
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