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Tuesday, January 12, 2010

Market Outlook for 12 Jan

Hi .
The market today opened on strong note with the help of global cues.  But today at the later part we saw some profit booking.

The result season has started. Infosys will declare their results tomorrow. Market will have a keen watch on that . If it comes as expected then dont expect much from the market . But if we get great result then we can see short covering in IT stocks. Today also we saw some buying coming in to the IT stocks. As it was most beaten down sector in last few days.

As i am maintain my view small caps and mid caps will perform in this market. We saw great buying coming up in midcap index . I will suggest to see the Infosys results first then act on the market.

But if market corrects from here then we can see huge amount of pressure in the midcap. So even if your investing in Midcap be sure to go for the scripts which have future potential. So play safe.


The experts are still bullish on the market:-

1:57 PM - In an F&O call, buy Nifty January futures with a target of 5300 and stop loss of 5220, says Rohit Shinde, technical analyst, on CNBC Awaaz.  

1:52 PM - In an F&O call, buy Nifty January futures with a target of 5350 and stop loss of 5170, says Sudarshan Sukhani, technical analyst, on CNBC Awaaz. 

1:50 PM - In an F&O call, buy Nifty January futures with a target of 5350 and stop loss of 5170, says Nishant Jain, technical analyst, on CNBC Awaaz.  

1:47 PM - In an F&O call, buy Nifty January futures with a target of 5340 and stop loss of 5235, says JK Doshi, technical analyst, on CNBC Awaaz.  

1:40 PM - In an F&O call, sell Nifty January futures with a target of 5230-5180 and stop loss of 5320, says Manoj Sachdeva, technical analyst, on CNBC Awaaz. 

1:35 PM - In an F&O call, buy Nifty January futures with a target of 5300 and stop loss of 5210, says Hitesh Seth, technical analyst, on CNBC Awaaz.  
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Disclaimer

The information provided is not to be considered as a recommendation to buy certain stocks and is provided solely as an information resource to help traders make their own decisions. Past performance is no guarantee of future success. It is important to note that no system or methodology has ever been developed that can guarantee profits or ensure freedom from losses. Here in this blog I am giving my views on the Market. No representation or implication is being made that using my blog will provide information that guarantees profits or ensures freedom from losses.