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BankNifty Spot
12680-12630 Strong support zone.
Crossover 12742 May rally up to 12790-12822.
LIC Housing
Support at 280-282.
If holds then may rally up to 288-290.
Break below 280 may slide up to 274-272.
Ambuja Cement
Looks weak below 203.
Sell on rise.
Closing below 194 will confirm breakout below
symmetrical triangle which will take up to 181-175.
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THOUGHT FOR TODAY
——————————
The Divine Virtue of Accuracy
Accuracy is not just thinking about doing things perfectly or to set a standard. In spiritual terms, being accurate first requires that I be aware of the attitude. I need to create harmony in my relationships. If I inspire enthusiasm, trust and confidence in those around me, whether colleagues, friends or family, my own self-esteem and ability to get things right will also flourish.
Nifty Future
(Updated on 09-01-2013 at 08.20 AM)
Repeatedly written that 6055-6070 region is strong Resistance zone.
Market made efforts in several sessions but didn’t succeed
Crossover above 6006 Expect upside up to 6018-6024.
If Sustains above 6032 for 15 minutes then may rally up to 60444-6052.
6055-6070 is strong hurdle.
Break below 5980 with sustained trading may take up to 5957-5931.
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In the first hike in ten years, Union Railways Minister Pawan Kumar Bansal on Wednesday increased passenger fares by upto 20 percent across the board.
The new fare will be effective from January 21 midnight. Indian Railways is looking to raise Rs 6,600 crore through the fare hike.
The Rail Minister said that extra revenue earned through the fare hike will be used to maintain cleanliness and safety. He also said that the Railways is making efforts to meet safety requirements. The minister added that there will be no fresh fare hike in the Rail Budget.
As per the new fare chart, the following changes have been made in the passenger fare:
2nd class ordinary suburban- 2 paise per Km
2 class ordinary non-suburban- 3 paise per Km
2nd class mail express train- 4 paise per Km
Sleeper class- 10 paise per Km
Ac chair car- 10 paise per Km
Ac 2 tier- 15 paise hiked earlier and additional 6 paise now
Ac first class- 10 paise per Km hiked earlier, in addition 3 paise per Km now
SKS Micro
SKS Micro Recommended above 165 for
Target = 175-185 on 4th January 13.
This call hit the target very next day and made high at 184.
There is no miracle or magic
behind this but hard research
based on experienced technical expertise.
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GIPCL
Staged a strong breakout above 73-74.75 region.
If crosses over yesterday’s high at 76.30 with vol
then expect rally up to 78-79.60
Support at 73.
Wipro
Continues forming higher tops and bottoms.
Buyers zone at 402-405
No worry for bulls above 397.
May blast up to 314-317.
JSW Steel
Breakout with volumes seen
Buyers region 845-852
Above 831 Trend is long.
Target = 876-882
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THOUGHT FOR TODAY
——————————
Getting On With It
Worrying about how everything will get done or whether I am capable of doing it limits my ability to respond to challenges considerably. The less I think about doing something and the faster I just get on with it, the fewer problems I cause myself. Good planning is always helpful, but time spent fretting and procrastinating is a major drain on my energy. The more willing I am to respond positively to opportunities, the more my capacity will grow.
Nifty Future
(Updated on 08-01-2013 at 07.40 AM)
Yesterday written that Nifty future has strong hurdle
at 6056-6072 Region for short term trend.
Nifty future made a high at, 6059 and fell back.
Now Actions for Today…………..
6013-5995 support region.
6035 intraday hurdle.
If holds this support and not breaking with crossover
above 6035 may rally up to 6051-6058.
Again 6059-6072 hurdle.
If Breaks below 5991 and stays 15-20 minutes below then correction
may extend up to 5970-5940.
This is not a trend reversal but will be healthy correction
and may last one to three days.
The major trend likely to remain intact.
once daily+weekly closing above 6040 happens
our first target will be at 6170-6206.
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