The Puppeteer

Dear Investors,

Volatility

In the coming trading session markets are likely to witness volatility, as RBI will announce the mid term monetary policy. Markets are reeling under the threat of RBI tightening the rates, liquidity in an attempt to keep inflation in control. Interest sensitive sectors like Banking, Reality and Auto have been underperformers.

I expect a great volatility tomorrow due to Thursday being last day of the week (Friday Is Holiday to markets). So the combination of all these factors will keep Bears and Bulls in tight corner and the only RAT in the cage will be worried Investor, So do no adventures, wait and watch. All the positions should be with strict stop loss.

It looks like ‘The Bull is “Fatigued and Panting” in its journey to the top and Bear is with a great hope of “Celebrating Christmas” in profits. So, let us wait out side the ring and enjoy the “Fight”.

For the ‘compelling traders’ here are the levels to watch for Nifty

NIFTY CLOSE: 5892

NIFTY HIGH: 5942

NIFTY LOW: 5865

For 16^th Dec 10 watch

Pivot is @ 5899

R1 (First Resistance Level) is @ 5934

R2 (Second Resistant Level) is @ 5976

R3 (Third Resistance Level) is @ 6011

S1 (First support level) is @ 5857

S2 (Second support level) is @5822

S3 (Third support level) is @ 5780

Stock calls for tomorrow with 5 to 7% stop-loss (for brave hearted traders)

1)       POLARIS

2)       MOSER BEAR

3)       GRAPHITE

4)       AMBUJA CEMENT

5)       HEXAWARE

6)       DABAR

7)       JAGARAN PRAKASHAN

Are some stocks which may produce profits.

But, all depends on which ‘Rabbit’ The Magician (The RBI Governor) pulls out of his hat!

                                 

Watch the show with patience

Thanks,

Dr. Vasant Bele.

Disclaimer: views expressed are mine, please take your own investment decisions