"TRADING IDEA FOR TUESDAY (20.12.2011)"


The BSE Sensex lost 112.01 points or 0.72% to settle at 15,379.34, its lowest closing level since 21 August 2009. The index lost 300.61 points at the day's low of 15,190.74 in mid-afternoon trade. The index fell 51.25 points at the day's high of 15,440.10 in early trade. The S&P CNX Nifty lost 38.50 points or 0.83% to settle at 4,613.10, its lowest closing level since 3 November 2009. The Nifty hit a low of 4,555.90 and a high of 4,623.15 in intraday trade. The BSE Mid-Cap index fell 1.99% and the BSE Small-Cap index declined 2.5%. Both these indices under-performed the Sensex.
The market breadth was weak. On BSE, 2,068 shares declined and 733 shares rose and a total of 89 shares were unchanged. From the 30-member Sensex pack, 21 declined while the rest of them gained.
FOR TODAY WATCH 4630-4645 ON THE UPSIDE BREAKING WHICH NIFTY MAY HIT 4650/4670 WHEREAS ON THE DOWNSIDE, BREACHING AGAIN 4600, IT MAY HIT 4560 AGAIN. EXPECTING A SMALL PULL BACK TODAY......
DISCLAIMER: Still holding 4800CE (one lot). If nifty able to sustain above 4650 by end of the Day, then I'll hold the same. Otherwise, will exit.
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