Wednesday, October 31, 2012

View for the day Oct 31, 2012


NIFTY
SENSEX
BANK NIFTY
CNX IT
PCR
5598 (-68)
18431 (-204)
11265 (-298)
6080 (+24)
1.03
Outlook for the day
Nifty opened flat but post RBI policy broke down within minutes breaking the key support level of 5630 to close near the day’s low. It now gets support at 5530 which is the target for its bearish pattern. Whether it holds those levels or has nifty started a medium term downside will be transparent in the coming days. Until then the trend remains bearish.
Support
Symbol
Resistance
5460
5525
5560
Nifty
5660
5725
5760
10675
10950
11100
Bank Nifty
11525
11825
11975
6000
6020
6035
CNX IT
6100
6120
6150

Trading Recommendation

BUZZING STOCKS
AMBUJA CEMENT (206 – Nov Series)
It continues to see selling pressure near its key moving averages and the small retracement it did has not seen un-winding of long positions. Short for a target of 195 with a stop loss of 211.
INDUSIND BANK (363 – Nov Series)
In daily charts it has formed a symmetry pattern which indicate further downside in it. Un-winding of long positions was seen on Tuesday. Short for a target of 345 with a stop loss of 370.
Index Option Strategy – Straddle (Unlimited risk)
Date
Strike/Option
Buy/Sell
@
Target
Stop Loss











Index Option Strategy – Buy (Limited risk unlimited profit)
Date
Strike / Option
@
Target
Stop Loss





Stock Option Strategy – Straddle (Unlimited risk)
Date
Stock
Strike/Option
B/S
@
Target
Stop Loss
31-10
BAJAJ-AUTO
1750 PA
B
17.30
Reward 4900
Risk 1360
31-10
BAJAJ-AUTO
1700 PA
S
6.45
Stock Option Strategy – Buy (Limited risk unlimited profit)

Date
Stock
Strike/Option
@
Target
Stop Loss

31-10
YES BANK
400 PA
8
20
4

Investment Recommendation






Tracking Recommendations


Stock Future Trading

Date
Stock
Long/Short
@
Target
Stop Loss
Status

30-10
BPCL
Short
345
325
358
Trail SL to 353

29-10
LUPIN
Long
570
595
562
Pending @ 571

26-10
CROMPTON
Long
129
144
123
SL Hit

26-10
RANBAXY
Short
533
520
539
Target Achieved

25-10
BATA INDIA
Short
921
900
930
Target Achieved

23-10
PNB
Short
821
800
828
Target Achieved

22-12
ABIRLANUVO
Short
936
900
955
Target Achieved

22-12
PFC
Short
199
185
206
Target Achieved

Index Option Strategy – Straddle (Unlimited risk)

Date
Strike/Option
B/S
@
Target
Stop Loss
Status

26-10
NIFTY 5500 PE
Sell
22
10
5440 / 5960 (Spot) or clubbed payable 80
Exit @ 33 & 18. Profit of 400 per straddle

26-10
NIFTY 5900 PE
Sell
37
15

23-10
NIFTY 5700 PE
Sell
20
0
5640 / 5760 (Spot) or clubbed payable @ 85
Target Achieved Profit of 2800 per straddle

23-10
NIFTY 5700 CE
Sell
41
0

Index Option Strategy – Buy (Limited risk unlimited profit)

Date
Strike/Option
@
Target
Stop Loss
Status








Stock Option Strategy – Straddle (Unlimited risk)

Date
Stock
Strike/Option
B/S
@
Target
Stop Loss
Status

29-10
IDFC
160 CA
B
5.35
Reward 13800
Risk 6200
Pending @ 4.75 & 1.90. Loss of 500 per spread

29-10
IDFC
170 CA
S
2.25

26-10
SBI
2250 CA
B
68
Reward 8375
Risk 4125
Pending @ 40 & 18. Loss of 1375 per spread

26-10
SBI
2350 CA
S
35

22-10
AMBUJACEM
200 PA
S
1
0
197 / 213 or clubbed payable @ 5
Target Achieved Profit of 6000 per straddle

22-10
AMBUJACEM
210 CA
S
2
0

Stock Option Strategy – Buy (Limited risk unlimited profit)

Date
Stock
Strike/Option
@
Target
SL
Status

25-10
ARVIND
75 PA
0.20
0.60
0
SL Hit

Investment Recommendation

Date
Stock
@
Target
Status

28-09
TATA POWER
104
120
Weekly High 107 Low 104 Close 105

01-10
KARNATAKA BANK
109
130
Profit booked @ 124 on 16-10-2012

03-10
MPHASIS
414
500
Weekly High 410 Low 382 Close 385

04-10
TATA COMM
251
350
Weekly High 254 Low 243 Close 245

12-10
IOB
80
110
Weekly High 81.45 Low 74.15 Close 74.45

16-10
TATA STEEL
419
500
Weekly High 410 Low 397 Close 400

23-10
BHEL
242
325
Weekly High 245 Low 238 Close 242

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DISCLAIMER

All opinions are based on my technical study; however, I do not vouch for the accuracy or the completeness of the matter. I am not liable for any potential damages that may be incurred while acting upon any information mentioned in this report. The views expressed are not of binding nature. The report is intended for a restricted audience & I am not soliciting any action based on it. Please exercise discretion and due diligence in making your decisions. Investments in Capital Markets are not my obligation or guarantee and are subject to investment risks. In no event will I be liable for any damages, including without limitation direct or indirect, special, incidental or consequential damages, losses or expenses arising in connection with this report or use thereof or inability to use by any party, or in connection with any failure of performance, error, omission, interruption, defect, delay in operation even if I am thereof, advised of the possibility of such damages, losses or expenses.