Friday Market

BSE Sensex (16994.49) and Nifty (5088.70) closed up by 3.4% and 3.41% respectively last week.Nifty Future March was quoting at 1.15 points discount.Nifty Call Option March 5100 was very active.Support for Sensex is at 16590. Resistance for Sensex is at 17500 .Support for Nifty is at 4980 and resistance at 5230. The FPO of NMDC will open for subscription on 10th March 2010.RBI may hike the repo and reverse repo rate in April by 25 basis points as feared by players. Suzlon and DLF added Open Interest in March series.Huge position was build up at Suzlon March Call Option Strike Price 80.Good build up was also seen at Renuka Sugar March Call Option Strike Price 190. Strategy for Futures Option players. 1Ispat Ind(20.05) Lot Size-12450 Shares Buy One Call Option of March Strike Price 20@ 0.75 Rs Sell One Call Option of March Strike Price 22.50@0.25 Rs. Premium .Paid=0.75*12450= 9337.50 Rs. Premium Received=0.25*12450= 3112.50 Rs. Net Premium Paid==9337.50-3112.50=6225.00 Rs. Maximum Profit==22.50-20==2.50*12450=31125-6225=24900.00Rs. Maximum Loss= 6225.00 Rs. Break Even Price=20.50 2)Ashok Leyland(54.85) March Future-Lot Size 9550 shares. Buy One Lot March Future @54.85 Sell One Call Option of March Strike Price 57.50@1.00 Rs. Premium Received=1*9550= 9550.00 Rs Maximum Profit=57.50-54.85=2.65*9550=25307.50+9550.00=34857.50.00 Rs. Max Loss=Unlimited. Trend of Major Stocks STOCK TREND Days WeeklyTrend MonthlyTrend BHEL.NS Bearish 1 Rising Flat! ICICIBANK.NS Neutral 2 Rising Flat! INFOSYSTC.NS Bearish 2 Rising Flat! ITC.NS Bulllish 4 Rising Flat! MARUTI.NS Neutral 1 Rising Flat! SBIN.NS Bulllish 7 Rising Flat! TATASTEEL.NS Bulllish 5 Rising Flat! TCS.NS Bearish 2 Falling Flat! Technical indicators of major Stocks MFI=Money Flow Index RSI=Relative Strength Index ADX=Directional Momentum Index STOCK CLOSE MFI-21 RSI-14 ADX-14 BHEL.NS 2429.05 55.38 57.48 16.95 ICICIBANK.NS 901.75 70.23 64.85 19.07 INFOSYSTC.NS 2635.7 63.84 59.48 21.19 ITC.NS 244.75 37.05 47.19 22.49 MARUTI.NS 1475 62.59 59.1 26 SBIN.NS 2047.2 52.83 57.62 25.01 TATASTEEL.NS 618.1 60.5 60.95 21.16 TCS.NS 762.6 65.33 54.13 12.24 Trading Idea 1)ABB(822.20)Buy this stock in decline and trade. 2)GSPL(93.50) Buy this stock in decline and trade By Bullet Advisory Indian Stocks-India’s Top Most No.1 Best Stock Market Advice Blog,Hot Stock Tips Calls by Expert Technical Analyst Narendra Nainani of India.Most Preferred and Successful Paid Subscription Stock Tips Calls Website of India.Excellent Success Ratio of more than 90% with Superb trading ideas.Most Successful Intraday Stock Future Calls Provider Service Indian Share Market. -+919898162770 Website facebook.com/pages/AhmedabadGujaratIndia/Bullet-Advice-For-Indian-Stocks/140925199054. Website nainaninarendra.blogspot.com.

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Since reaching an all-time high of $1,923 per ounce on September 6, the price of gold fell 20.8% to a low print of $1,522 per ounce.  The sell-off has led to a flurry of calls for the end of gold’s bull market and has resulted in a significant decline in sentiment toward the yellow metal.  One investor, however, who vehemently disagrees with this assertion is John Hathaway, one of the most prominent gold fund managers in the world.  As head of The Tocqueville Gold Fund, Hathaway has posted a 26.0% average annual return over the past ten years by investing in gold stocks and other positions tied to the price of gold.

Hathaway discussed his latest thoughts on the gold price in a recent interview with King World News.  When asked about the yellow metal’s slide in recent months, he responded that “The action is what you would expect in a thin market like this, the moves are exaggerated.  The people that have shorts on, which has been the right trade for the last several months, they are just pushing it to the limit (on the downside) to make their year.”

Given these developments, Hathaway contended that the gold price is near an important nadir.  “Traders commitments are indicative of a bottom, sentiment is indicative of a bottom and market action is indicative of a bottom.  I’d suspect we will see a couple more scary days in terms of probing the downside, but I don’t think it’s sustainable.”

Heading into 2012, the Tocqueville fund manager stated that “I look for turbulent financial markets that will be contentious on the political front.  Probably anemic economic activity and it looks to me like Europe and Japan are heading into recession.  You wonder what kind of feedback that will have for the US.  All of this will end up with mobs of people screaming for money printing and I think that’s going to be the flash point for gold.”

“Obviously the gold price has to make a stand at some point, but I do think we are seeing panic liquidation,” Hathaway added.  “I think we’re at the point where you’re going to see central banks start dumping dollars for gold.  The dollar really isn’t strong, it’s just relatively strong to the euro, but ultimately the dollar is caught up in the same mess.”

Hathaway also reiterated his bullish gold price stance on Thursday during CNBC’s Halftime Report.  He stated that “I think the conditions that got gold to $1,900 this summer haven’t gone away. It’s just that the metal was overcrowded with too many momentum players, and I think they’ve all been shaken out…You have to take a look at what is it that drives money into gold. Basically, it’s negative interest rates, financial repression, lack of fiscal discipline and money printing.”

As for gold stocks, which have substantially underperformed the price of gold in 2011, Hathaway was just as positive.  “The companies are very profitable, they’re raising their dividends and I think we’re putting in a low in the metal here, otherwise the media wouldn’t be so interested.”  While he did not discuss specific gold stocks at the time, the most recent disclosure of the Tocqueville Gold Fund’s five largest holdings include physical gold, Goldcorp (GG), Newmont Mining (NEM), Ivanhoe Mines (IVN), and Osisko Mining (OSK.TSX).

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Gold rebounded in New York,
extending an 11th annual gain, on conjecture prices during a five-
month low will coax direct from jewelers and investors.

Bullion fell 4.8 percent over a prior 6 sessions to
the lowest turn given Jul 7 as gains by a dollar opposite the
euro tempered direct for a steel as an choice investment.
Jewelry use in India, a world’s biggest buyer, rose 12
percent in 2011’s initial entertain from a year earlier, according
to World Gold Council figures.

“January and Feb are customarily good months in India,
and a reduce bullion cost competence attract some buyers,” pronounced Marc Ground, a line strategist during Standard Bank Plc in
Johannesburg. “While we haven’t seen earthy direct collect up
yet, maybe people are expecting it for subsequent year.”

Gold futures for Feb smoothness climbed 1.8 percent to
$1,568.40 an unit on a Comex in New York by 7:59 a.m., ending
the longest unemployment given Mar 2009. Prices are adult 10 percent
this year.

Dennis Gartman, a economist and editor of a Gartman
Letter, is “about to turn bullish” on bullion after being
neutral on a marketplace given mid-November.

“We did not design to see bullion reason as good as it has or
did in a past 24 hours,” Gartman wrote in his minute e-mailed
today.

Holdings (.GLDTONS) of bullion in exchange-traded products are climbing
for a initial time in 3 weeks, according to information gathered by
Bloomberg. Assets rose 0.3 percent this week after descending 1.5
percent a prior dual weeks.

Silver for Mar smoothness jumped 2.8 percent to $28.075 an
ounce, bringing a 2011 dump to 10 percent, a initial decline
in 3 years. Palladium for Mar smoothness climbed 1.7 percent
to $637 an ounce, shortening a annual detriment to 21 percent, the
first shelter given 2008.

Platinum for Apr smoothness modernized 1.3 percent to
$1,386.50 an ounce. It’s down 22 percent this year.

Comex building trade will be sealed on Jan. 2 for New Year’s
Day.

To hit a contributor on this story:
Claudia Carpenter in London at
ccarpenter2@bloomberg.net

To hit a editor obliged for this story:
Claudia Carpenter at
ccarpenter2@bloomberg.net

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Gold fell, capping a longest unemployment given Oct 2009, and
silver tumbled to a three-month low as Europe’s deepening debt
crisis gathering line and bonds lower.

The euro forsaken to an 11-month low opposite a dollar as
lending to financial institutions sent a European Central Bank’s
balance piece to a record high. The Standard Poor’s GSCI
index of 24 tender materials and a MSCI World Index of equities were
poised for a biggest declines in dual weeks.

Platinum approached a lowest given Nov 2009, and
palladium forsaken roughly 3 percent.

The ECB pronounced lending to euro-area banks jumped 214 billion euros
($276.9 billion) to 879 billion in a week finished Dec. 23,
bolstering credit to a economy during a financial turmoil. Gold
has slumped 19 percent from a record $1,923.70 an unit on Sept. 6,
partly on sales to cover waste in other markets.

“What’s going on in Europe is really worrying,” James Dailey, who
manages $215 million during TEAM Financial Management LLC in
Harrisburg, Pa., pronounced in an e-mail. “The dollar’s strength is
working opposite all commodities, including gold.”

Gold futures for Feb smoothness declined 2 percent to settle
at $1,564.10 during 1:47 p.m. on a Comex in New York. The price
dropped for a fifth true session, a longest slip since
October 2009. The commodity headed for a initial quarterly slump
since Sep 2008.

Silver futures for Mar smoothness fell 5.2 percent to $27.234 an
ounce on a Comex. Earlier, a cost overwhelmed $27.10, a lowest
since Sept. 26. The steel has plummeted 45 percent from a 31-year
high of $49.845 on Apr 25.

Gold imports by India, a biggest consumer, might dump as most as
50 percent this month after a rupee plunged, according to the
Bombay Bullion Association. China limited bullion trade in spot
and futures contracts to a Shanghai Gold Exchange and the
Shanghai Futures Exchange to moment down on bootleg shopping and
selling of commodities.

Platinum futures for Apr smoothness declined 3.2 percent to
$1,392.40 an unit on a New York Mercantile Exchange. Earlier,
the cost overwhelmed $1,388.60. On Dec. 15, a steel declined to
$1,376, a lowest given Nov. 13, 2009.

Palladium futures for Mar smoothness slumped 2.9 percent to
647.15 an unit on Nymex, a biggest dump given Dec. 14.

This year, bullion has modernized 10 percent, streamer for a 11th
straight annual gain, on direct for an choice investment amid
slumping equities.

“Gold has been one of a best performers this year, so it comes
as no warn that we are saying some end-of-year profit-taking,”
said Ronald Stoeferle, a commodity researcher during Erste Group Bank AG
in Vienna.

• 2012 “Predictions” from Stone Street Advisors Team Friends
• Rolling Up Our Sleeves on Jos. A. Bank
• Two New ZAGG Datapoints

Unless you’ve been vital in a cavern in a plateau of Afghanistan a past few weeks, you’re no doubt fed adult – to put it easily – with a annual [release] of next-year predictions that comes any December.

Thus, I’ve invited a Stone Street organisation and some friends to make their predictions for 2012, with a twist; rather than try to chuck darts during a house and envision where a SP will tighten or how high/low a cost of bullion will trade, these are, how do we contend it, “alternate” predictions for 2012.

Enjoy, and if we have any to supplement greatfully do in a comments!

▪ “Short food trucks as nyc looks for additional income source as taxation profits continue to fall.” –@GTWNJACK

▪ “Short generational events of change; after a revolts in a center easterly and detriment of mixed dictators, a odds of another collection of once in a era events is unlikely.” –@GTWNJACK

▪ “I envision Jos. A Banks suits will spin authorised as material during a Fed bonus window, paving a approach for a new secrecy POMO by Q3″ –@ComfortablySmug

▪ “Despite widespread calls that we’ve already strike “peak sushi,” (“sush” if you’re 20-something girl), we advise getting/staying prolonged sushi as superfluity of sushi restaurants has nonetheless to strech Starbucks levels and each probable form of “fusion” involving sushi has nonetheless to be exploited. This prophecy is reinforced by a exclusive investigate display Americans’ ADD and ensuing stupidity of anything that’s happened in Japan after a week of a earthquake/flood/nuclear disaster. Long yoga is a flock trade, if we unequivocally wish to hurl by 2012, prolonged sushi.” — @The_Analyst

▪ “Unemployment hits 0 has BLS adds people who hatred their bosses to “discouraged worker” status” –@gillsiesgoons

▪ “Short communication. After a year of going nowhere, everybody starts to figure out that many of what they hear on CNBC, Bloomberg, Twitter, IM, email etc is usually noise. As a year progresses some-more and some-more people will realize that they can spin off their tv, unplug their computer, pierce their dog for a walk, and skip zero of any significance during all.

The many engaging effect of this pierce will be traders indeed meditative for themselves. This rebate in herding will lead to a finish of a most ridiculous marketplace materialisation of 2011 – a tighten association of each damn item class.” –@LorcanRK

▪ “Doug Kass wakes adult in Dec in a panic and realizes there is still one marketplace turn he has nonetheless to envision in 2012″ — @ToddSullivan

▪ “SPX crashes to 410; usually people with earthy bullion authorised to buy food; organisation of pundits led by Mish named to Fed.” –@kevindepew

▪ “Global RMBS allotment in a initial week of a year!” –@amaeryllis

▪ “NAR admits that their Birth/Death composition to home sales numbers is not a current anniversary change and announces they will reiterate numbers from 2011 forward.

▪ When asked because NAR uses “seasonal change adjustments” in calculating their reported home sales “statistics” NAR orator explains that “NAR forecasts home sales and they trust that home sales are always increasing”. –@PBA_RE

▪ “”Buy US Treasuries” will be a new “Buy Gold”” –@pcdunham

▪ “2012 Game associated predictions:

1. US Congress enacts a law effectively gamifying limit control. Korean wins championship, carrying impact on unfamiliar relations.

2. Lady Gaga and Infinity Ward organisation adult to make “Call of Duty 5: Post-Modern Warfare”. Struggling to stay relevant, Beyonce releases “Call of Booty” with Shakira.

3. Several entrepreneurial ventures perplexing to sell 21′ Skyrims tumble flat.

4. “Hire two, get one free” diversion automechanic drastically decreases unemployment.”” –@MentionLLC

▪ “AAPL hits $2000/share after announcing iChick. Millions of Apple geeks sequence their initial girlfriend” –@ChipperDanger

2011 was a helluva year for us. Here’s wishing we all an overwhelming 2012!