Monday, October 8, 2012

View for the day Oct 8, 2012

NIFTY
SENSEX
BANK NIFTY
CNX IT
PCR
5747(-41)
19938 (-120)
11565 (-152)
6300 (-111)
1.11
Outlook for the day
Nifty opened strong on cues but saw some selling pressure and was followed by a freak trade which created panic and intensified selling pressure. It needs to sustain above 5760 and failure to trade above 5800 will lead to selling pressure with support coming in at 5650
Support
Symbol
Resistance
5585
5645
5700
Nifty
5800
5865
5915
11090
11270
11400
Bank Nifty
11700
11865
12000
6080
6185
6245
CNX IT
6400
6510
6570

Trading Recommendation

BUZZING STOCKS
RPOWER (103.15 – Oct Series)
In daily charts it has made a hanging man bearish candle with un-winding of long positions on Friday. Short for a target of 96 with a stop loss of 106
UNION BANK (202 – Oct Series)
It is struggling to cross these levels and has formed a large bearish candle. Short positions were seen in it on Friday. Short for a target of 192 with a stop loss of 206.
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
08-10
ADANI POWER
50 PA
1.75
4.50
0.75

Investment Recommendation



Tracking Recommendations

Stock Future Trading
Date
Stock
Long/Short
@
Target
Stop Loss
Status
5-10
LUPIN
Short
584
555
598
Pending @ 571
5-10
PNB
Long
840
865
830
SL Hit
4-10
CROMPTON
Long
132
137
129.5
Target Achieved
4-10
WIPRO
Short
383
365
391
Pending @ 375
3-10
SAIL
Long
87
92
84.75
Pending @ 86.50
1-10
TATA STEEL
Long
402
425
394
SL Hit
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 @ 70 @ 14.5
3-10
NIFTY 6000 CE
Sell
15.35
28-9
NIFTY 5600 PE
Buy
60
Reward 7950
Risk 2050
Pending @ 27.25 & 7.5
28-9
NIFTY 5400 PE
Sell
19
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
1-10
IFCI
32.50 CA
B
1.35
Reward 14800
Risk 5200
Pending @ 0.90 & 0.45
1-12
IFCI
35 CA
S
0.70
Stock Option Strategy – Buy (Limited risk unlimited profit)
Date
Stock
Strike/Option
@
Target
SL
Status
05-10
RELIANCE
880 CA
13.45
30
9
Pending @ 13.9
03-10
TATA STEEL
420 CA
8.75
24
5
Pending @ 10.8
28-09
CHAMBAL FERT
70 PA
1.60
5
0.70
Pending @ 2
Investment Recommendation
Date
Stock
@
Target
Status
28-09
TATA POWER
104
120
Weekly High 108 Low 102 Close 105
01-10
KARNATAKA BANK
109
130
Weekly High 116 Low 108 Close 111
03-10
MPHASIS
414
500
Weekly High 423 Low 399 Close 402
04-10
TATA COMM
251
350
Weekly High 256 Low 240 Close 248

No comments:

Post a Comment

xe.com  Universal Currency Converter ®
Convert this amount
of this type of currency
into this type of currency.

enter any amount

scroll down to see more currencies

scroll down to see more currencies
Universal Currency Converter under license from XE.com. Terms of Use

About Me

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.