Monday, October 29, 2012

View for the day Oct 29, 2012


NIFTY
SENSEX
BANK NIFTY
CNX IT
PCR

5664 (-41)
18625 (-133)
11588 (-99)
6051 (-35)
1.11

Outlook for the day

November Series started with a sell off across all heavyweights lead by disappointing PSU bank results. Nifty closed tested recent low @ 5640 and closed slightly higher. It still remains within the sideways channel should now again test 5700-5720 while break of 5630 will see breakdown from sideways channel and H&S which will lead to further fall till 5550.

Support
Symbol
Resistance

5585
5610
5640
Nifty
5690
5725
5750

11350
11425
11520
Bank Nifty
11675
11775
11850

6000
6020
6035
CNX IT
6075
6100
6115

Trading Recommendation


BUZZING STOCKS

LUPIN (570 – Nov Series)

The stock is on a verge of a relief rally as it trades near its key moving averages after forming a short term bottom formation. Long for a target of 595 with a stop loss of 562.

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

29-10
IDFC
160 CA
B
5.35
Reward 13800
Risk 6200

29-10
IDFC
170 CA
S
2.25

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






Investment Recommendation



Tracking Recommendations

Stock Future Trading
Date
Stock
Long/Short
@
Target
Stop Loss
Status
26-10
CROMPTON
Long
129
144
123
Pending @ 126.40
26-10
RANBAXY
Short
533
520
539
Trail to Cost
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
Pending @ 29 & 25
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
26-10
SBI
2250 CA
B
68
Reward 8375
Risk 4125
Pending @ 55 & 27
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.