TSR : NiftyViews and Stock (Pantaloon) view for 2nd Dec'11

" It is true that every effort is not converted into success but it is true that success does not come without efforts."

Nifty outlook:

Nifty future has shown us a very confused and news driven moves in last week. Today is friday. We expect some real volatile market today. 

Yesterday closed at 4950+ Now Nifty fut major suport at 4930-4922 range. Below 4922 caution for long. Same way if we sustain above 4977 one should be careful with short position. 

Magic numbers : 4922-4949-4977-5005

Trend seems positive but do not forget it is friday. 

Nifty should move with news flash . So be careful with your trades. 

Stock Outlook: 

Yesterday's stock LIC housing was one of the best view and trade for premium clients. We book profit at 230 level . 

We would like to mention here  that yesterday we made profit Rs 8000 in intraday and future positional profit is almost 18000 Rs in november month. 

Today eyes on Pantaloon. 

Govt is firm for FDI in retail . We would like to see pantaloon positive opening and continue upmove. It will be volatile stock and range will be 202 to 218. We would say buy at dip with strong support at 198-197. 

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