[T.S.R:11759] TSR NIFTY UPDATES- Week beginning 30.11.09 -Visit www.Niftyviews.com Charts attached

TSR NIFTY UPDATES- Week beginning 30.11.09 -Visit www.Niftyviews.com Charts attached

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Dear Friends,

Markets once again gyrated back from the upper zone of the nifty range. We had predicted about a month back that markets will remain range bound and might see a time wise consolidation in the broad range 4500-5200. Refer the attached chart to observe that the market has been unable to observe the crossover of an important trendline support in Nifty. At the same point Nifty has been unable to maintain the sanctity of the 50 dema in Intra week downmove. The actual impact of the Dubai crisis as mentioned in my previous update might be minute. At the same time traders should remember the cross currency movements and watch them cautiously. JPY-USD has seen an inter week appreciation of 5%. Traders should be cautiously bearish from next week as corrections, if any will be steep in nature.

MISQUOTED: - When Oil India got listed a number of pseudo analysts issued an Avoid rating in the stock. I had mentioned a number of times about the cash holding in the company post the IPO. Recently Prabhudas Liladhar has come out with a BUY report on the company with a target price of 1400+. Traders can take a LONG-SHORT hedged trade in the same. Long OIL India and short Ongc. Price differential over a period of time will move to 20-25% zone. Ongc shorts should be taken in future and rolled over for a period of two quarters.

We had initiated a Buy call on Shivam Autotech in June at price of 54. We have advised clients to book 60% of the invested quantity in the stock. Traders can hold the remaining quan

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