SHREE GANESHAY NAMAAH !

Market will remain in tight range, but there's hope now

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Interest rate sensitive stocks recover as food inflation plunges to 4-year low

Stock To Watch

Ster Tech (532374) CMP 30, SL 28, Tgt 33 / 36 / 39 In Coming Days !

Nifty Future Closes Below 4538, Tgt Open For 4360 / 4135. NOW IF CLOSES ABOVE 4640 TGT OPEN FOR 4720 / 4792 / 4850 ! CMP 4554.50 ! HIGH MADE 4748.90 !

Nifty Future Chart :



Monthly (2011) : 
Open : 4978.45
High : 5134.65
Low : 4538.00
Close: 4748.90
Avg. : 4850.00

NIFTY FUTURE 

R5 : 4875
R4 : 4842
R3 : 4816
R2 : 4778
R1 : 4758

CMP: 4748.90

S1 : 4725
S2 : 4703
S3 : 4692
S4 : 4668
S5 : 4626

Market Updates : 

A weak opening and a sluggish first half but the markets picked up steam in the second half of the day in line with European markets.

The recovery led the Nifty up all the way to 4733 up 40 points at close, while the Sensex too shut in the green at 15,813, up 128 points. 

However, experts remain cautious on the recovery. Analysts believe that the coming year will have its own share of volatility.

Hindustan Copper leads gainers in 'A' group

Jaypee Infratech, Ashok Leyland, MMTC and Apollo Tyres are among the other gainers.

State-run copper miner Hindustan Copper surged 15.69% to Rs 172.20 on bargain huntingafter the stock tumbled 23.39% in the preceding twelve trading sessions to Rs 148.85 on 21 December 2011 from a recent high of Rs 194.30 on 2 December 2011. The stocktopped the gainers in the BSE's 'A' group.

Infrastructure company Jaypee Infratech soared 11.44% to Rs 38. The stock hit a record low of Rs 33 today, 22 December 2011. The stock was second biggest gainer in 'A' group.

Shares of Jaypee Infratech rose on bargain hunting after the stock tumbled 15.91% in the preceding six trading sessions to Rs 34.10 on 21 December 2011 from a recent high of Rs 40.55 on 13 December 2011.

Commercial vehicles maker Ashok Leyland spurted 11.19% to Rs 23.35. The stock hit a 52-week low of Rs 20.05 today, 22 December 2011. The stock was third biggest gainer in 'A' group.

Ashok Leyland announced after market hours on Tuesday, 20 December 2011 that together with its associate companies it would increase its stake in the British bus maker Optare plc to 75.1%. The Hinduja Group company had acquired a 26% stake in Optare in July 2010. The proposed hike follows a refinancing agreement, which, subject to Optare shareholders' approval, will enable synergy with Ashok Leyland's global plans for buses.

State-owned trading firm MMTC climbed 10.90% to Rs 497.35. The stock was fourth biggest gainer in 'A' group.

Apollo Tyres galloped 9.64% to Rs 60.85 on bargain hunting after the stock tumbled 9.68% in the preceding two trading sessions to Rs 55.50 on 21 December 2011 from a recent high of Rs 61.45 on 19 December 2011. The stock was fifth biggest gainer in 'A' group.

PSU shares rallied in late trade. Cellular services providers were mixed after Telecom Secretary R. Chandrashekhar said that the telecommunications department has decided that the agreements signed by some telecom operators for third-generation mobile-roaming services are illegal. Software pivotals declined after world's No.3 software maker Oracle's earnings fell short of Wall Street's forecasts. FMCG major Hindustan Lever scaled record high today, 22 December 2011, on defensive buying. Tata Steel recovered from 52-week low.

The market breadth, indicating the overall health of the market, turned positive from negative in late trade. On BSE, 1,586 shares advanced and 1,192 shares declined. A total of 118 shares were unchanged.

The total turnover on BSE amounted to Rs 2032 crore, higher than Rs 1,930.59 crore clocked on Wednesday, 21 December 2011.

Among the 30-member Sensex pack, 23 gained while the rest of them declined.

Note : Data From Capital Market And Money Control !

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