"TRADING IDEA FOR MONDAY (02.01.2012)"


"WISH YOU ALL A VERY HAPPY, PROSPEROUS, PROMISING AND FULFILLING NEW YEAR"
The BSE Sensex lost 89.01 points or 0.57% to settle at 15,454.92, its lowest closing level since 20 December 2011. The index fell 137 points at the day's low of 15,406.93 in late trade. The index jumped 150.12 points at the day's high of 15,694.05 in morning trade. The S&P CNX Nifty shed 21.95 points or 0.47% to settle at 4,624.30, its lowest closing level since 20 December 2011. The index hit a low of 4,608.90 and a high of 4,690.45 in intraday trade. The BSE Mid-Cap index rose 0.31% and the BSE Small-Cap index gained 0.09%. Both these indices outperformed the Sensex.
The market breadth was negative. On BSE, 1,461 shares fell and 1,331 shares rose and a total of 126 shares were unchanged. The breadth was positive earlier in the day. Among the 30-member Sensex pack, 23 fell while the rest of them rose.
FOR TODAY:  THOUGH THE TREND IS DOWN BUT I'LL TAKE A RISK TO GO LONG AROUND 4610 LEVEL WITH STOPLOSS 4600 (MAXIMUM AT 4590). THESE ARE NIFTY SPOT LEVEL.
WATCH 4600/4588 ON THE DOWN SIDE BREAKING WHICH NIFTY MAY HIT 4530 (THE RECENT LOW). ON THE OTHER SIDE, IF NIFTY HOLDS 4600 LEVEL, IT MAY GIVE A U TURN MAY HIT 4660/4680 LEVEL ON INTRADAY BASIS.
FOR INTRADAY TRADING CALL DURING TRADING HOURS: "CHECK HERE"
DISCLAIMER: HOLDING ONE LOT OF 4800CE
"Confused what to Buy or what to Sell ? Check here for INTRADAY CALL"