SHREE GANESHAY NAMAAH !

Strategy 2012: Fixed income first half, equities second

Market was back to its old miserable ways after raising hopes of a year-end rally. We saw deep cuts in trade as the day spelt weakness throughout.

After yesterday's consolidation, which was expected, most investors would have anticipated the uptrend to resume today. However, the Nifty struggled to keep up the 4,700 levels losing 45 points, while the Sensextoo lost 146 points to close at 15,727.

The weakness only underscores the strength of the ongoing bear market, which is getting stronger with each passing day. The crucial support for the Nifty is at 4640 or thereabouts, and if that gets taken out and we go below, it may be seen as end of any sort of an up move.

Volumes jump at Amara Raja Batteries counter

GTL, Jindal Steel & Power, and Varun Industries are among the other stocks to see a surge in volumes on BSE today, 28 December 2011.

Amara Raja Batteries clocked volume of 6.01 lakh shares by 13:23 IST on BSE, a 191.07-times surge over two-week average daily volume of 3,000 shares. The stock rose 1.54% to Rs 201.

GTL notched up volume of 15.16 lakh shares, a 2.17-fold surge over two-week average daily volume of 7 lakh shares. The stock surged 9.03% to Rs 39.25 after the company said its board will meet on Thursday, 29 December 2011, to consider the letter of approvalreceived from Corporate Debt Restructuring Cell, Mumbai in respect of restructuring of the company's debt and other related matters.

Jindal Steel & Power clocked volume of 2.10 lakh shares, a 1.57-fold surge over two-week average daily volume of 1.33 lakh shares. The stock lost 6.18% to Rs 459.30.

Varun Industries clocked volume of 4.02 lakh shares, a 1.44-fold surge over two-week average daily volume of 2.79 lakh shares. The stock rose 0.04% to Rs 233.90

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 4803.50 !

Nifty Future Chart :




Monthly (2011) : 
Open : 4978.45
High : 5134.65
Low : 4538.00
Close: 4711.10
Avg. : 4840.55

NIFTY FUTURE 

R5 : 4848
R4 : 4816
R3 : 4786
R2 : 4758
R1 : 4728

CMP: 4711.10

S1 : 4702
S2 : 4688
S3 : 4668
S4 : 4642
S5 : 4624

Market Updates : 

Jain Irrigation Systems leads gainers in 'A' group

IFCI, Redington (India), NTPC and Gujarat Gas Company are among the other gainers.

Micro-irrigation products maker Jain Irrigation Systems spurted 9.76% to Rs 93.90. The stock topped the gainers in the BSE's 'A' group.

Shares of Jain Irrigation Systems had underperformed the market over the past one month until 27 December 2011, sliding 27.71% compared with the Sensex's 1.14% rise. The scrip had also underperformed the market in past one quarter, falling 42.35% as against 3.93% fall in the Sensex.

IFCI, which provides medium and long-term credit to industries in India, galloped 6.30% to Rs 25.30. The stock was second biggest gainer in 'A' group.

Shares of IFCI had outperformed the market over the past one month until 27 December 2011, rising 4.39% compared with the Sensex's 1.14% rise. The scrip had, however, underperformed the market in past one quarter, falling 26.20% as against 3.93% fall in the Sensex.

Redington (India), which is into the business of end-to-end supply chain management of IT and non-IT products, jumped 3.46% to Rs 77.80. The stock was third biggest gainer in 'A' group.

Shares of Redington (India) had underperformed the market over the past one month until 27 December 2011, falling 6.53% compared with the Sensex's 1.14% rise. The scrip had also underperformed the market in past one quarter, sliding 18.75% as against 3.93% fall in the Sensex.

State-run power generation firm NTPC rose 2.68% to Rs 161.15. The stock was fourth biggest gainer in 'A' group.

NTPC recently commissioned Sipat Super Thermal Power Project's unit-2 of 660 megawatts on 24 December 2011. NTPC said that with commissioning of this unit, the total installed capacity of Sipat Super Thermal Power Project reached 2,320 megawatts (MW). The total capacity of NTPC group touched 36,014 MW.

Gas distribution firm Gujarat Gas Company rose 2.57% to Rs 352.95. The stock was fifth biggest gainer in 'A' group.

Shares of Gujarat Gas had underperformed the market over the past one month until 27 December 2011, falling 6.66% compared with the Sensex's 1.14% rise. The scrip had also underperformed the market in past one quarter, sliding 19.58% as against 3.93% fall in the Sensex.

Market hits one-week low on Indo-Mauritius tax treaty ‎revision concerns

Note : Data From Capital Market And Money Control !

Note : Kindly Trade With Stoploss !