POLARIS WITH CHART--->2nd JAN 2013

Polaris 􀃎 Bounce from support.. (CMP: 116.65)
Stock chart clearly shows that, stock produced a trading bounce from its support area
and has also broke its trendline resistance, which is an indication of possible pullback in which can be seen on cards in coming days. One can try longs by keeping strict stop loss 112.50. Possible trading
targets could be 123-126.

WATCH LIST -->2nd JAN 2013

TO SEE THE WATCH LIST CLICK ON IMAGE.......

NIFTY WITH STOCK AND BANKNIFTY VIEW--2nd JAN 2013

Nifty future opened positive and attained 6000 levels in early trade, finally closed up by 0.93% at 6007.
Overall breadth is positive as there were 142 advances vs. 14 declines in F&O segment.
Nifty futures may continue its bullish move further, supports lies at 5960 and 5930.
Banknifty futures seems to have given breakout on upside, further upside may be expected in the index futures. Andhrabank and Syndibank stock futures have witnessed maximum amount of long build-up among banking stocks.
Among major sector indices, Banknifty future closed up by 1.56% while Cnxit closed slightly in green.
Put Call Ratio (Volume) is at 1.02.
Volatility index closed at 13.69 down by around 8.42%.

NIFTY VIEW --->2ND JAN 2013

Among Nifty options data of Jan series, maximum buildup among call strikes is witnessed at 6000 and 6200 levels. Once 6000 is breached next resistance will be at 6200 levels.

Significant OI build up is witnessed at Nifty 6200 and 6300 call strikes of Jan series.
Among Nifty puts, OI build up is witnessed at 5900 and 6000 levels, while 5600 put strike witnessed writing.

Infrastructure sector closed up by 3.8%, stocks like Gmrinfra, Gvkpil, Irb and Ivrclinfra witnessed long build-up.

Banking sector stocks were major gainers during trade today. Long build up is witnessed in almost all stock futures, which signifies more upside in banknifty.

Havells---->2nd jan 2013

Prices today closed above the Neckline as well as recent resistance zone of 629 level that too with
volumes. This close above such neckline level is breakout of an Inverted Head N Shoulder Pattern with
upward target of 45points above such level. Counter trading above 200DMa level too. Now enter on
retracements.
BUY till above 630 Level with Stop below the Support Levels, mentioned below. Book Profit near
resistance zones mentioned, below.

Target will be 642/49/54/62

CURRENCY TECHNICAL--->2 JAN 2013

Currency Headlines
Dollar Weakens as Obama Says Deficit Deal Is Close
The dollar fell against most of its biggest peers as President Barack Obama said Congress is “close” to a deal to protect all but top earners from a tax increase as part of deal to avert the so-called fiscal cliff.
The South Korean won has appreciated the most versus the dollar this quarter, adding 4.4 percent. The Norwegian krone has been the second-biggest gainer, increasing 2.9 percent. The South African rand leads all major currencies this month against the greenback, appreciating 5.1 percent. The White House and congressional negotiators agreed to contours of a budget deal including tax cut extensions, with the remaining sticking point being how to avert automatic federal spending cuts, said an official familiar with the talks.
Canadian Dollar Gains on Optimism U.S. May Reach Deal

The Canadian dollar gained for the first time in four days versus its U.S. counterpart as U.S. President Barack Obama said congressional leaders were “close” to a deficit-reduction deal to avoid tipping the nation’s largest trading partner into recession.

Canada’s currency rose against the majority of its 16 most- traded peers as Obama said a deal to avert a recession from legislated austerity measures was “within sight.” The currency had the biggest intraday jump in a month after Bloomberg News reported a tentative accord that would allow taxes to go up on families earning more than $450,000 a year and extend unemployment benefits for one year.

“It looks increasingly like there’s a deal that’s on the table,” David Doyle, a strategist at Macquarie Capital Markets, said by phone from Toronto. “Doubtful it gets voted on by both houses before the day is out, but I think it’ll be constructive that the deal has been agreed to, and I think you’ve seen that across the board, with most risk assets responding positively.”

The loonie, as the Canadian dollar is known for the image of the aquatic bird on the C$1 coin, appreciated 0.5 percent to 99.21 cents per U.S. dollar at 5:11 p.m. in Toronto, its largest intraday gain since Nov. 23. One Canadian dollar buys $1.0080.

TECHNICAL INSIGHT
USD INR (Jan 13 – Expiry)
USDINR is facing selling pressure as it tries to move up. It can be SOLD at higher levels.
Sell near 55.25 SL 55.45 for possible TGT of 55.05/54.80/54.60

EUR INR (Jan 13– Expiry)
Weakness in EURUSD can be felt in EURINR also. It’s prudent to look for rise to sell.
Sell near 73.07 SL 73.21 possible TGT 72.96/72.78

 GBP INR (Jan 13 – Expiry)
Pound can also be looked to Sell at higher levels.
Sell near 89.48 SL 89.60 possible TGT 89.25/89.06 

JPY INR (Jan 13 – Expiry)
Yen takes cues from USDINR.
Prudent strategy will be watch for 1st hour of trade, then take position, in direction of USDINR.

GMDC---> 1 JAN 2013

GMDC Ltd - Strong Earning Potential
In this tight economic condition where companies are struggling to maintain their bottom line; GMDC has showed strong earning potential by paying higher advance tax for year 2012-13. Gujarat Mineral Development Corporation Ltd (GMDC), which has paid Rs 184 crore as advance

BEML --->1 jan 2013

Positional buy: BEML at dips. SL: below 270. TGTs: 291-302-315. Risky players keep SL below 264.

HAPPY NEW YEAR 2013

HAPPY NEW YEAR 2013 MAY THIS YEAR GOD GIVE YOU SUCCESS AND WEALTHY HEALTH.....HAPPY TRADE TRADING TO ALL OF YOU.....

 

CURRENCY VIEW OF 1 JAN 2013

TECHNICAL Impact

USD INR (JAN– Expiry)
US dollar is looking weak on charts hence selling is recommended in USD.
Sell CMP 55.0000 with a SL 55.1500 possible targets of 54.7500/54.6500/54.5000.

EUR INR (JAN – Expiry)
Euro might fall further as technically looking weak.
Sell below 72.78000 with a SL 72.8800 possible targets of 72.6400/72.5400/72.4000.
OR
Buy above 72.8800 with a SL 72.7800 possible targets of 72.9900/73.0925/73.2000.

Currency Headlines
Dollar falls on Obama’s fiscal deficit deal.
Dollar falls as President Barack Obama said Congress is “close” to a deal to protect all but top earners from a tax increase as part of deal to avert the so-called fiscal cliff which has increased the pressure on their currency. The difference in the number of wagers by hedge funds and other large speculators on a drop in the euro compared with those on a gain, so-called net shorts, was 2,549 on Dec. 25, the least since September 2011, the data showed Dec. 28. The dollar gained 0.2 percent to $1.3193 per euro at 5 p.m. New York time. The U.S. currency appreciated 0.9 percent to 86.75 yen, reaching the strongest since Aug. 2, 2010. The yen lost 0.8 percent to 114.46 per euro.