NIFTY ( 2920.15)
Resistance : 2960 / 2995 / 3020-35
Support : 2885-70 / 2850 / 2825 / 2775 / 2705
SENSEX
Resistance : 9780 / 9915
Support : 9470 / 9305
NIFTY FUT
Resistance : 2965-75 / 3015
Support : 2875 / 2825
MKT COMMENTS
NIFTY FUT OI flat with 12% decreasing volumes indicating unwinding of long position. We expect profit booking at higher levels.
NIFTY FUT to trade volatile but stock specific movement will remain.
MARKET ALERT:
US$DOLLAR/JPY(YEN)@ 91.25..OCT LOWS
CRUDE@47$
DOLLAR DEPRECIATING AGAINST YEN..GOING BELOW 88 CAN BRING CARNAGE IN ASIAN MKTS
MAY SEE BIG FALL IN ASIAN MKTS IN NEXT FEW DAYS
ACCUMULATE 2900-2800 PUTS NEAR THOSE LEVELS
On the Friday,Opening is flat to up,
Stay Long Above 2930-35,Sl Below 2905,Tgt 2960-75/2985/3015/3040
Sustain Below 2905-900,Sell with Sl Above 2930,Tgt 2885/2870/2845/2825-15/2785/2710
ESSAR OIL Dec Fut Looking Hot & Fiery
Buy RELCAPITAL Dec Fut @494,Sl Below 475,Tgt 496/499/501/506/511-513-516/521/526/532/538-540 (
Buy WELGUJ Dec Fut @90-91,Sl Below 87,Tgt 92/93/94-95/96/98-99 (
Sell ONGC Dec Fut @655,Sl 660-670,Tgt 645/640/635/630
Sell ROLTA Dec Fut(Risky) @128,Sl Above 133,Tgt 127/126/124-123/121/119-118 (
LNT Looking Hot & Fiery Above 790-795
Buy RELCAPITAL above 495
Buy TATA POWER @ 730,Sloss Below 719,Tgt-750-765.
Buy ORCHID CHEM Above 89,Sl 87,Tgt 93/96/98
Buy SIEMENS Above 250,Sl 245,Tgt 255/260/265
Buy SUZLON Above 50,Sl 48,Tgt 52/55/57
Buy HEROHONDA Above @ 795,Tgt 805-815-835SL-790
Buy INDIACEM Above @ 99,Tgt 102-106-115,SL-97
Sell GRASIM Below @ 1075,Tgt 1050-1020-945,SL-1090
Sell HPCL Below @ 222,Tgt 219-214-203,SL-225
Sell Dr.REDDY Below @ 455,Tgt 450-415-370,SL-465
| Scrip | Trigger | Price | Stop Loss | Target 1 | Target 2 |
| IVRCLINFRA | BUY ABOVE | 153.45 | 152.05 | 155.15 | 157.55 |
| | SELL BELOW | 150.10 | 151.45 | 148.45 | 146.15 |
| LITL | BUY ABOVE | 141.10 | 139.85 | 142.65 | 144.85 |
| | SELL BELOW | 138.05 | 139.30 | 136.50 | 134.40 |
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