Market pulse stock advisory commented on Nifty today as "13-Dec-11 Nifty closed at 4764.60 yesterday 4722 is important trading support for Nifty spot today If Nifty trades and holds below 4722 fresh selling pressure is looking to push market down to 4685.9 while 4812 is intraday resistance level for Nifty cash holding above 4812 may turn out to be slightly positive for Indian share bazaar"
This was an excellent Nifty prediction today as Indian Nifty opened at 4733.6 which was gap down opening on Nifty and made low of 4728.5 thereafter Nifty traded in very volatile manner and swing wildly for so many times between "Red" and "Green" but at the time of trading session coming to close Nifty spot has shown very good bounce back to touch 4824.7 and closed just above 4800 level.
But disappointing thing for the Indian stock markets is most of banking sector stocks are still looking very weak and unless there is good move in Nifty bank stocks are looking to pull Nifty down if rest of the sector stocks and over all market sentiment fail to improve.
Some of the excellent performances and share bazaar picks of today were as under
AXIS BANK trading analysis report for SELL intraday call on 13-Dec-11
AXIS BANK - Bse code - 532215 - last close - 970.1 - SELL - 993.4 - SL - 1029.7 - for TG1 Rs. 948.7 and for TG2 Rs. 934.9 - stock opened at Rs. 964 hit intraday low Rs. 941.6 hit intraday high Rs. 974.9 stock was during trading down -3 % from previous close and closed at Rs 961
INFOSYS TECH trading analysis report for BUY intraday call on 13-Dec-11
INFOSYS TECH - Bse code - 500209 - last close - 2731.2 - BUY - 2681 - SL - 2643.5 - for TG1 Rs. 2746.4 and for TG2 Rs. 2783.5 - stock opened at Rs. 2724.1 hit intraday high Rs. 2764.2 hit intraday low Rs. 2710 stock was during trading up 1.2 % from previous close and closed at Rs 2754.6
DR.REDDY'S trading analysis report for BUY intraday call on 13-Dec-11
DR.REDDY'S - Bse code - 500124 - last close - 1569.6 - BUY - 1559.4 - SL - 1513.6 - for TG1 Rs. 1580.5 and for TG2 Rs. 1600.2 - stock opened at Rs. 1579 hit intraday high Rs. 1615 hit intraday low Rs. 1574.5 stock was during trading up 2.8 % from previous close and closed at Rs 1600.8
PUNJAB NATIO trading analysis report for SELL intraday call on 13-Dec-11
PUNJAB NATIO - Bse code - 532461 - last close - 899.3 - SELL - 925.1 - SL - 936.6 - for TG1 Rs. 889.9 and for TG2 Rs. 872.2 - stock opened at Rs. 891 hit intraday low Rs. 867.7 hit intraday high Rs. 897.9 stock was during trading down -3.6 % from previous close and closed at Rs 889.2
TCS LTD. trading analysis report for BUY intraday call on 13-Dec-11
TCS LTD. - Bse code - 532540 - last close - 1179.9 - BUY - 1169.7 - SL - 1143.3 - for TG1 Rs. 1186.7 and for TG2 Rs. 1199.1 - stock opened at Rs. 1169 hit intraday high Rs. 1196.7 hit intraday low Rs. 1166.7 stock closed up by Rs. 10 from our recommended price , and closed at Rs. 1179.7
HCL TECHNO trading analysis report for BUY intraday call on 13-Dec-11
HCL TECHNO - Bse code - 532281 - last close - 412.4 - BUY - 402.8 - SL - 396.7 - for TG1 Rs. 416.9 and for TG2 Rs. 425.2 - stock opened at Rs. 412.5 hit intraday high Rs. 427.2 hit intraday low Rs. 410.3 stock was during trading up 3.5 % from previous close and closed at Rs 416.5
