"TRADING IDEA FOR FRIDAY (30.12.2011)"


The BSE Sensex lost 183.92 points or 1.17% to settle at 15,543.93, its lowest closing level since 20 December 2011. The index fell 212.41 points at the day's low of 15,515.44 in late trade. The index declined 3.25 points at the day's high of 15,724.60 in mid-morning trade. The S&P CNX Nifty shed 59.55 points or 1.27% to settle at 4,646.25, its lowest level since 20 December 2011. The index hit a low of 4,639.05 and a high of 4,701.80 in intraday trade. The BSE Mid-Cap index fell 0.35% and the BSE Small-Cap index declined 0.74%. Both these indices outperformed the Sensex.
The market breadth was negative. On BSE, 1,541 shares fell and 1,151 shares rose and a total of 125 shares were unchanged. Among the 30-member Sensex pack, 24 fell while the rest of them rose.
FOR TODAY: Some value buying may be seen today. It is also expected that Nifty may open on a positive note and will try to recover some of its losses.
WATCH 4660 LEVEL ON THE UPSIDE AND IF NIFTY TRADES ABOVE 4667-4668, GO LONG FOR A TARGET OF 4680/ 4710/4731. ON THE OTHER SIDE, IF NIFTY TRADES BELOW 4640 AND BREACHED 4620 LEVEL, NIFTY MAY HIT 4600/4585 LEVEL.
FOR INTRADAY TRADING CALL DURING TRADING HOURS: "CHECK HERE"
DISCLAIMER: HOLDING ONE LOT OF 4800CE AND TWO LOTS OF 4900CE
"Confused what to Buy or what to Sell ? Check here for INTRADAY CALL"