Tuesday, September 11, 2012

View for the day Sept 11, 2012

NIFTY
SENSEX
BANK NIFTY
CNX IT
PCR
5363 (+4)
17767 (+17)
10090 (-89)
6362 (-11)
0.96
Outlook for the day
Large caps appear to be in consolidation as nifty remains sideways between 5300-5400. Midcaps which have under-performed this rally, could start seeing retracement rallies from today as derivative data suggest. Nifty traders may continue to sell near 5400 with 5425 as stop loss and buy near 5325 with 5290 as stop loss.
Support
Symbol
Resistance
5325
5335
5350
Nifty
5375
5390
5400
9870
9950
10015
Bank Nifty
10150
10240
10300
6250
6300
6335
CNX IT
6415
6450
6500

Trading Recommendation

BUZZING STOCKS
TATA CHEM (324.60 – Sept Series)
In daily charts the stock is on the verge of a breakout, fresh long positions were added yesterday in it. Long for a target of 340 with a stop loss of 317.
ORIENTAL BANK (230 – Sept Series)
In daily charts the stock is seeing resistance at these levels after a brief rally. Un-winding of long positions were seen yesterday in it. Short for a target of 223 with a stop loss of 233.
Nifty Option Strategy – Straddle (Unlimited risk)
Date
Strike/Option
Buy/Sell
@
Target
Stop Loss
11-09
5200 PE
S
15
0
Below 5170 / Above 5530 Spot
11-09
5500 CE
S
15.5
0
Below 5170 / Above 5530 Spot
Nifty 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
11-9
SBI
1950 CE
B
18.5
Reward 5190 Per Bull Spread
Risk 1065 Per Bull Spread
11-9
SBI
2000 CE
S
10
Stock Option Strategy – Buy (Limited risk unlimited profit)
Date
Stock
Strike/Option
@
Target
Stop Loss






Tracking Trading Recommendations

Stock Future Trading
Date
Stock
Long/Short
@
Target
Stop Loss
Status
10-09
IRB
Long
129.6
136
126.5
SL Hit
07-09
SUNTV
Long
306
320
300
Trail to Cost
06-09
SRTRANSFIN
Long
634
650
625
Trail to Cost
06-09
SUN PHARM
Short
655
630
665
SL Hit
05-09
ABAN
Long
422
445
410
Trail to Cost
05-09
CUMMINS
Short
458
445
465
Target Achieved
Nifty Option Strategy – Straddle (Unlimited risk)
Date
Strike/Option
Buy/Sell
@
Target
Stop Loss
Status
05-09
5500 CE
Sell
14.50
0
5070/5530 (spot)
Pending @ 15.50
05-09
5100 PE
Sell
22.50
0
5070/5530 (spot)
Pending @ 6.75
Nifty Option Strategy – Buy (Limited risk unlimited profit)
Date
Strike/Option
@
Target
Stop Loss
Status
07-09-2012
5400 CE
27.65
55
18
Target Achieved
Stock Option Strategy – Straddle (Unlimited risk)
Date
Stock
Strike/Option
B/S
@
Target
Stop Loss
Status
06-09
IDFC
120 PA
S
1.35
0
116.25 / 133.75 (spot)
Pending @ 1.15
06-09
IDFC
130 CA
S
2.45
0
116.25 / 133.75 (spot)
Pending @ 2.60
05-09
HDIL
65 PA
S
1.40
0
61.60 / 78.40 (spot)
Book Profit @ 0.80
05-09
HDIL
75 CA
S
2.00
0
61.60 / 78.40 (spot)
Book Profit @ 0.80
Stock Option Strategy – Buy (Limited risk unlimited profit)
Date
Stock
Strike/Option
@
Target
Stop Loss
Status
10-09
MRPL
65 CA
1.10
3
0.50
SL Hit
07-09
ICICI BANK
920 CA
16.40
30
10
Target Achieved
06-09
BHARTI ARTL
270 CA
3.15
7
1
Pending @ 2.90
05-09
TATA STEEL
380 CA
7
20
4
SL Hit

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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.