Market Wrap up for 27th December:

Market Wrap up for 27^th December:

As predicted, Nifty traded within the upside range 

Option Call: It was suggested to buy Nifty CE 6400 if Spot Nifty trades above 6300. Nifty did trade above 6300 and CE is purchased at the price of  79 – 83. Hold the Option Call till you get an exit signal from us.

Current price: 98

Short term call:

Indian Overseas bank call is active with the SL of 49

The current market price is 51.65

Intraday Calls:

Sell GLENMARK in the range of 537.40 - 540.49;

Low of 532.50; 1% move down side was achieved.

Sell GODREJIND in the range of 270.86-272.93

Low of 266.35; 2% downside was achieved and target one was also hit 267.50

Buy LT @ 1072.7

Targets: 1081.43    1086.82    1095.54; A high of 1089 was registered. Profit of Rs. 14

Buy PNB in the range of 627.4 - 633.56

Target:    637.36    643.52; Stock made a high of 638.50. Profit of 10- 13 Rs based on the entry range.

All the Intraday calls gave more than 1% profits today.

Positional call: Short Tata Chemical; hit the stop…