Nifty Weekly Range For The Week 14TH OCT -- 18TH OCT 5935 -- 6260, Either Side Sustaining Will Give More 120 Points More
Positive momentum may continue for some more time… it may help the Indian markets to hit new highs.
NOTE : AFTER 1ST TGT HIT KINDLY REVISED SL TO COST PRICE !
TRADING CALLS
CASH
BUY BIOCON 334--336 SL 331 TGT 340 / 346
BUY HDFCBANK 659--662 SL 650 TGT 669 / 679
SELL CESC 339--341 SL 345 TGT 335 / 330
SELL ADANIENT 167-169 SL 172 TGT 164 / 160
FO
BUY ABIRLANUVO 1250-1265 SL 1235 TGT 1295 / 1325
DISCLAIMER : THE TEAM IS NOT RESPONSIBLE FOR ANY LOSSES OCCURED DURING ANY TRADE !!
Beginning of the previous week witnessed aggressive short covering in the nifty and stock future segment although the second half of the week witnessed fresh buying
Q2 results of India Inc could dictate trend
Next batch of second quarter results of India Inc, inflation data for September 2013 and debt-ceiling talks in the United States amid a partial shutdown of the US government will dictate trend on the bourses in a truncated trading week. The stock market remains closed on Wednesday, 16 October 2013, on account of Bakri Id.
Among prominent quarterly results which will be announced next week, Reliance Industries and IndusInd Bank announce their Q2 results on Monday, 14 October 2013. HDFC Bank and TCS announce their Q2 results on Tuesday, 15 October 2013. Bajaj Auto unveils Q2 results on Wednesday, 16 October 2013, when the stock market is closed on account of Bakri Id. Axis Bank unveils its Q2 results on Thursday, 17 October 2013. HCL Technologies announces its Q1 results on Thursday, 17 October 2013. L&T announces Q2 results on Friday, 18 October 2013. UltraTech Cement announces Q2 results on Saturday, 19 October 2013. Capital Market !
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