CALLS FOR 07TH OCT 2013

लाल रंग की चुनरी से सजा माँ का दरबार; हर्षित हुआ संसार !
नन्हें नन्हें क़दमों से, माँ आये आपके द्वार; मुबारक हो आपको नवरात्री का त्योहार ! शुभ नवरात्री !

Nifty Weekly Range For The Week 07TH OCT -- 11TH OCT 5765 -- 6060, Either Side Sustaining Will Give More 90 Points More....

Action in the US Fed and the Q2FY14 earnings trend would remain crucial going ahead.

6100 and up strike call added OI due to buying while the 6000 and below strike put option also added OI due to buying indicating aggressive buying of protection from both the longs and the shorts.

NOTE : AFTER 1ST TGT HIT KINDLY THE SL TO COST PRICE !

TRADING  CALLS

CASH

BUY BHEL 143-144 SL 139 TGT 148 / 153

BUY TISCO 287-289 SL 283 TGT 294 / 299
BUY BPCL 340--342 SL 332 TGT 349 / 356

SELL ZEEL 249--252 SL 255 TGT 245 / 240
SELL CAIRN 310--312 SL 316 TGT 305 / 300

FO

BUY DR REDDY 2375--2399 SL 2350 TGT 2439 / 2462 

SELL LIC HSG 212--215 SL 219 TGT 207 / 202  

DISCLAIMER : THE TEAM IS NOT RESPONSIBLE FOR ANY LOSSES OCCURED DURING ANY TRADE !!

As the global markets panicked following the US federal government shutdown, political instability in Italy and disappointing data from China, the Indian market was perhaps on a very different trajectory during the week ended 4th October 2013. What helped for the Indian market was the relief that the ongoing concerns in the US would perhaps compel the US Fed to further delay its unwinding of bond buying programme. The US dollar fell against major correncies. It fell against the upee as well and so that helped the Indian equity market which witnessed some serious buying last week by institutional investors. Some bit of short covering in the futures & option (F&O) segment also helped the Indian indices as it places itself ahead of the beginning of the earnings season. After the initial jitters on Monday the benchmark nifty rose sharply during the next two day thereby ending the week a tad above the 5900 mark at 5907.30 (74.10 points higher than the end of the previous week). The nifty future of the October series shed 4.95 lakh shares in open interest (OI) due to short covering to take its total OI to 1.74 crore shares. On the contrary the Bank nifty future of the October series added 3.63 lakh shares in OI due to buying to take its total OI to 19.29 lakh shares. In the nifty option segment 6100 and up strike call added OI due to buying while the 6000 and below strike put option also added OI due to buying indicating aggressive buying of protection from both the longs and the shorts. So for a clear direction for the market developments in the US Fed and the Q2FY14 earnings trend would remain crucial. The average volume during the week under review was lower at Rs 100043.26 crore as compared to Rs 222343.26 crore during the previous week.