Friday, October 5, 2012

View for the day Oct 5, 2012

NIFTY
SENSEX
BANK NIFTY
CNX IT
PCR
5788 (+56)
19058 (+188)
11723 (+238)
6410 (-10)
1.22
Outlook for the day
Nifty broke out above its narrow range with a gap up and held it. As advised earlier the target of 5850 is expected to come now where it finds strong resistance with likelihood of profit taking could set in at those levels.
Support
Symbol
Resistance
5700
5725
5755
Nifty
5810
5835
5870
11275
11370
11500
Bank Nifty
11750
11820
11950
6330
6350
6380
CNX IT
6435
6460
6490

Trading Recommendation

BUZZING STOCKS
LUPIN (584 – Oct Series)
It has given a break down from a rising wedge and formed a large bearish candle-stick, fresh short positions were formed in it yesterday. Short for a target of 555 with a stop loss of 598.
PNB (840 – Oct Series)
The stock is on the verge of a breakout from its triangle pattern, fresh long positions were seen in it yesterday. Long for a target of 872 with a stop loss of 830.
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
5-10
RELIANCE
880 CA
13.45
30
9

Investment Recommendation



Tracking Recommendations

Stock Future Trading
Date
Stock
Long/Short
@
Target
Stop Loss
Status
4-10
CROMPTON
Long
132
137
129.5
Pending @ 133.45
4-10
WIPRO
Short
383
365
391
Pending @ 386.40
3-10
SAIL
Long
87
92
84.75
Pending @ 87.45
1-10
TATA STEEL
Long
402
425
394
SL Hit
28-9
YES BANK
Short
384
360
395
SL Hit
27-9
LUPIN
Short
589
555
600
SL Hit
26-9
SUN PHARMA
Long
681
700
672
Target Achieved
25-9
DLF
Short
235
220
243
SL Hit
25-9
WELCORP
Long
104
115
99
SL Hit
24-9
GVK POWER
Long
13.70
14.50
13.25
Target Achieved
Index Option Strategy – Straddle (Unlimited risk)
Date
Strike/Option
Buy/Sell
@
Target
Stop Loss
Status
3-10
NIFTY 5800 CE
Buy
68.45
Reward 7345
Risk 2655
Pending @ 98 @ 22.65
3-10
NIFTY 6000 CE
Sell
15.35
28-9
NIFTY 5600 PE
Buy
60
Reward 7950
Risk 2050
Pending @ 19.40 & 5.90
28-9
NIFTY 5400 PE
Sell
19
20-9
NIFTY 5500 PE
Sell
20
0
5460/5740 (spot)
Target Achieved 2100 Profit per straddle
20-9
NIFTY 5700 CE
Sell
22
0
Index Option Strategy – Buy (Limited risk unlimited profit)
Date
Strike/Option
@
Target
Stop Loss
Status
25-09-12
NIFTY 5600 PE
10
30
0
SL Hit
Stock Option Strategy – Straddle (Unlimited risk)
Date
Stock
Strike/Option
B/S
@
Target
Stop Loss
Status
1-10
IFCI
32.50 CA
B
1.35
Reward 14800
Risk 5200
Pending @ 0.95 & 0.50
1-12
IFCI
35 CA
S
0.70
Stock Option Strategy – Buy (Limited risk unlimited profit)
Date
Stock
Strike/Option
@
Target
SL
Status
03-10
TATA STEEL
420 CA
8.75
24
5
Pending @ 10.7
28-09
CHAMBAL FERT
70 PA
1.60
5
0.70
Pending @ 1.40
26-09
PANTALOON
220 CA
1.75
4.25
0
Target Achieved
25-09
TATA MOTOR
260 PA
1.3
4
0
SL Hit
24-09
LARSEN
1650 CA
7.7
15
4
SL Hit
Investment Recommendation
Date
Stock
@
Target
Status
28-09
TATA POWER
104
120

01-10
KARNATAKA BANK
109
130

03-10
MPHASIS
414
500

04-10
TATA COMM
251
350

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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.