"TRADING IDEA FOR WEDNESDAY (12.10.2011)"

The BSE Sensex lost 20.76 points or 0.13% to settle at 16,536.47, its lowest closing level since 7 October 2011. The index jumped 216.89 points at the day's high of 16,774.12 in early trade, its highest level since 22 September 2011. The index declined 46.52 points at the day's low of 16,510.71 in late trade. The S&P CNX Nifty was down 5.25 points or 0.11% to settle at 4,974.35, its lowest closing level since 7 October 2011. The Nifty hit a high of 5,045.10 in intraday trade, its highest level since 22 September 2011. The Nifty hit a low of 4,964 in intraday trade. The BSE Mid-Cal index rose 0.49% and the BSE Small-Cap index gained 0.22%. Both these indices outperformed the Sensex.

The market breadth was positive. On BSE, 1,566 shares rose and 1,239 fell and a total of 108 shares were unchanged. The breadth was much stronger earlier in the day. From the 30-share Sensex pack, 16 rose and the rest fell.

FOR TODAY:   SGX NIFTY IS TRADING FLAT TO POSITIVE (AROUND 8.45 AM). WATCH TODAY 4950 ON THE DOWNSIDE BREACHING WHICH IT MAY DRAG 4900/4890 LEVEL WHEREAS ON THE UPSIDE IF BREAKS 5000 LEVEL WE MAY SEE 5045 AGAIN.
for GANPAT SIR: (1) HDFC SECURITIES  (2)  KARVY BULL SPREAD CALL