Friday, September 21, 2012

View for the day Sept 21, 2012

NIFTY
SENSEX
BANK NIFTY
CNX IT
PCR
5554 (-46)
18349 (-147)
10940 (-122)
6427 (+37)
1.16
Outlook for the day
Nifty opened gap down and closed near day low failing to cover the gap. Banking stocks which have had a sharp run saw profit taking while IT sector witnessed short covering. Nifty finds strong support at 5525 levels, while failing to hold 5500 will see a sharp drop as many have written 5500 Puts at lower premiums which might get lead to sharp covering. On the upside cross of 5585 will lead to a rally till 5675 – 5725.
Support
Symbol
Resistance
5485
5510
5530
Nifty
5580
5600
5625
10725
10815
10870
Bank Nifty
11000
11085
11140
6215
6275
6350
CNX IT
6495
6550
6635

Trading Recommendation

BUZZING STOCKS
POLARIS (142.50 – Sept Series)
In daily charts the stock has bounced back from strong support levels. Fresh long positions have been formed in it. Long for a target of 150 with a stop loss of 139.
UNITED SPIRITS (956 – Oct Series)
In daily charts the stock has made a bearish pattern. Fresh short positions were formed in it yesterday. Short for a target of 830 with a stop loss of 995.
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












Stock Option Strategy – Buy (Limited risk unlimited profit)
Date
Stock
Strike/Option
@
Target
Stop Loss
21-9
HIND UNILEVER
520 PE
3.55
8
1.75

Tracking Trading Recommendations

Stock Future Trading
Date
Stock
Long/Short
@
Target
Stop Loss
Status
20-9
DISH TV
Short
79
72.50
81.50
Pending @ 78.25
18-9
BGR ENERGY
Long
273
285
269
Pending @ 270
17-9
HIND OIL EXPL
Long
118
123.50
117
Target Achieved
14-9
BOMBAY DYEING
Long
438
460
430
Target Achieved
14-9
ZEEL
Long
171
180
167
Target Achieved
13-9
RANBAXY
Long
563
580
557
SL Hit
12-9
IFCI
Long
26
28
25
Target Achieved
12-9
ONGC
Long
277
288
273
Target Achieved
11-9
TATA CHEM
Long
325
340
317
SL Hit
11-9
ORIENTAL BANK
Short
230
223
233
SL Hit
10-9
IRB
Long
129.6
136
126.5
SL Hit
Index Option Strategy – Straddle (Unlimited risk)
Date
Strike/Option
Buy/Sell
@
Target
Stop Loss
Status
20-9
NIFTY 5500 PE
Sell
20
0
5460/5740 (spot)
Pending @ 30.80 and @ 8
20-9
NIFTY 5700 CE
Sell
22
0
11-9
NIFTY 5500 CE
Sell
15.5
0
5170 / 5530 (spot)
SL Hit @ 3 & 79 Loss 51.50 per straddle
11-9
NIFTY 5200 PE
Sell
15
0
Index Option Strategy – Buy (Limited risk unlimited profit)
Date
Strike/Option
@
Target
Stop Loss
Status
18-9
NIFTY 5700 CE
23
40
14
SL Hit
13-9
BANK NIFTY 10400 CE
79
125
60
Target Achieved
12-9
NIFTY 5400 CE
63
85
48
Target Achieved
Stock Option Strategy – Straddle (Unlimited risk)
Date
Stock
Strike/Option
B/S
@
Target
Stop Loss
Status
11-9
SBI
1950 CA
B
18.5
Reward 5190
Risk 1065
Exit @ 81.50 & 55 Profit 26.50 per straddle
11-9
SBI
2000 CA
S
10
06-9
IDFC
120 PA
S
1.35
0
116.25 / 133.75 (spot)
SL Hit @ 0.30 &  6.70 Loss 3.25 per straddle
06-9
IDFC
130 CA
S
2.45
0
Stock Option Strategy – Buy (Limited risk unlimited profit)
Date
Stock
Strike/Option
@
Target
SL
Status
20-9
HINDALCO
110 PA
1.30
3
0
Target Achieved
18-9
SUZLON
17.50 CA
0.25
1
0
Pending @ 0.15
17-9
JINDALSTEL
400 CA
3.50
10
0
Target Achieved
13-9
PANTALOON
160 CA
3.55
7.50
1.50
Target Achieved
12-9
TATA MOTOR
260 CA
3.65
7.5
1.5
Target Achieved
10-9
MRPL
65 CA
1.10
3
0.50
SL Hit
06-9
BHARTI ARTL
260 CA
3.15
7
1
Target Achieved

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