Indian Stock Market - What To Expect On 22nd December?

Whose Turn Now: Those who do not know this website and visiting for the first time, just check my post of last Thursday Indian Stock Market - What To Expect On 18th December?, where I recommended Sterlite Technologies and Greaves Cotton and they both jumped 6% plus in only 2 trading sessions. Already we enjoyed fireworks in Ador Welding, Ashapura, Rain Commodities, KPIT Info, Sasken, Micro Ink. Patiently holding Redington, Geometric, Aurionpro, Ind Swift Lab, Mahindra Finserv, FKONCO. Rules for all my stocks: Buy now slowly, add in dips, wait patiently and exit when all the TV channel heroes talk about them. Minimum upside expected per counter 5% - 20%..

Nava Bharat Ventures Limited (CMP Rs. 398.75): Nava Bharat Ferro Alloys Limited (NBFA) commenced operations in 1975 with the manufacture of ferro silicon at Paloncha in Andhra Pradesh, a state in Southern India. In the coming years they diversified their operation to Sugar, Power and Infrastructure. The company has its HQ in Hyderabad. Buy in dips.


Titan Industries Limited (CMP Rs. 1377.90): Titan Industries was established in 1984 as a joint venture between the Tata Group and the Tamil Nadu Industrial Development Corporation. The company brought about a paradigm shift in the Indian watch market, offering quartz technology under Titan brand with international styling, manufactured in a state-of-the-art factory at Hosur, Tamil Nadu. Leveraging its understanding of different segments in the watch market, the company launched a second independent watch brand – Sonata, as a value brand to those seeking to buy functionally styled watches at affordable prices. In addition it focused on the youth with its third brand – Fastrack. It has also acquired a license for premium fashion watches of global brands such as Tommy Hilfiger and Hugo Boss, while it has also in its portfolio its first Swiss Made watch brand – Xylys. Buy in dips.

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Index Recap: Yesterday written in Nifty future resistance is 5004, see it touched 4996 and crashed. Written major support is at 4937. Just check, rub your eyes in astonishment, made exact low of 4937. Written in Bank Nifty major support is at 8550, check it touched 8561 and shoot up 100 points. Could you catch those moves or just watched in the sidelines.

Now, what to expect tomorrow? Nifty future major support is at 4937/4919. If opens above 4919, then a decent bounce is expected from that level till 4959/5000 levels. But if opens or breaks below 4919 and trades with volume, expect the bearishness to continue till 4850/4795 in the coming sessions

Bank Nifty future downside majot support at 8550. Bears need to break it decisively to prove further bearishness. If breaks and sustains below this level for some time, we can see bloodbath, which can take it to 8425 or even 8270/8180 in the coming sessions. Till now 8550 is respected, further bounce at this level of 8550 will ensure another test of 8878 on the upside. More live updates to the Nifty pack subscribers only.

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Nifty future important levels for Tuesday, 22nd December:
R3 5032 R2 5013 R1 4977 PP 4957 S1 4921 S2 4901 S3 4865
Bank Nifty future important levels for Tuesday, 22nd December:

R3 8752 R2 8708 R1 8650 PP 8606 S1 8549 S2 8505 S3 8448


Cheers, its celebration times: StockManiacs website has completed 1st year of operation on 18th of December. Its a journey from a blog to a full fledged site. Nifty page getting 50,000 page views per day. On the occassion of the 1st birthday we gave something more to you. We offered a 25% flat discount on the Nifty Trading System on all purchases between this till 19th December. We received many requests from traders to extend this offer till 24th December, as many traders has asked for live demo. We are hereby extending the discount offer till 24th December 2009, 12 PM. Live demo will be shown to interested traders during market hours 11AM-11:30AM and 1PM-1:30PM till 23rd December with the help of TeamViewer. Interested traders can schedule appointment by phone for the demo. Please note, no yahoo messenger queries other than NRIs will be entertained, till anyone make telephonic demo appointment. Nifty trading system will continue to cost Rs. 12000 instead of Rs. 16000 and Traders Pack will cost Rs. 25925 instead of Rs. 29925 till 24th 12 PM. For more details contact @ 9432883838 / 9674321856 or mail to stockmaniacs@ymail.com or see the Premium Services page.