"TRADING IDEA FOR MONDAY (19.12.2011)"


The BSE Sensex was down 345.12 points or 2.18% to 15,491.35, its lowest closing level since 3 November 2009. The index jumped 232.43 points at the day's high of 16,068.90 in mid-afternoon trade, its highest level since 14 December 2011. The index slumped 411.27 points at the day's low of 15,425.20 in late trade. The S&P CNX Nifty was down 94.75 points or 2% to 4,651.60, its lowest closing level since 3 November 2009. The index hit a hit a high of 4,818.85 in intraday trade, its highest level since 14 December 2011. The Nifty hit a low of 4,628.20 in intraday trade. The BSE Mid-Cap index fell 1.72% and the BSE Small-Cap index shed 1.6%. Both these indices outperformed the Sensex.
The market breadth was weak. On BSE, 1,932 shares fell and 826 shares rose and a total of 120 shares were unchanged. The breadth was strong earlier in the day. From the 30-member Sensex pack, 28 stocks fell and only two of them rose.
FOR TODAY: WATCH 4600/4580 ON THE DOWNSIDE. ON THE UPSIDE, 4700/4724 IS ACHIEVABLE.
DISCLAIMER: Holding one lot of 4800CE at an average price of 65 (CMP is 38.35) 


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