NIFTY..!
^ ^ NIFTY (5898), Nifty after making high of 5965 has seen profit booking, But till do not see 5720 below close Nifty will be positive for Target of 6050 and 6170 on higher side but 5965 is very crucial level that has to be crossed.
^^ Nifty till 5965 is not crossed then 5600 or / below levels, can be levels on lower side in months to come.
Market would be range bound till March 2013 with odd correction, post which, India’s Bull rally would start only from March 2013 where we have a target of 13500 to 15000 by 2016 to 2017.
SENSEX..!
■ SENSEX (19387) has almost spending gap-up out of which few can be closed if Sensex does not cross 19850 before any fresh rally can start. Month of December, 2012 has always been positive which January, 2013 has been Negative month so use the rally to reduce high beta stocks.
Sensex after making high of 19612 is seeing profit booking and If Sensex can cross 19950 on closing basis then things can turn positive, while below 18250 only weakness would start
Share Picks -
^ THERMAX ^ BHARAT FORGE ^ KARUR VYSYA BANK
^ ARVIND ^ GIC HOUSING ^ EID PARRY ^ HSIL
^ NAVNEET PUBLICATION ^ RELIANCE CAPITAL
^ BAJAJ CORP ^MAHINDRA HOLIDAY RESORTS for longer term.
By Mr. A K Prabhakar
Senior Vice President - Equity Research
Anand Rathi - 4 th Floor , Silver Metropolis,
Jaicoach Compound Opposite Bimbisar Nagar,
Goregaon(East), Mumbai - 400 063. India
Tel No: +91 22 4001 3700 ,Direct: + 91 22 4001 3999, Fax No: +91 22 4001 3770
Website: www.rathi.com
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