CALLS FOR 22ND OCT 2013

Nifty Weekly Range For The Week 21ST OCT -- 25TH OCT 6090 -- 6288, Either Side Sustaining Will Give More 75 Points More, High 6218.95, Low 6163.30, Closed 6204.95.


Key benchmark indices eked out small gains on first trading day of the week in a session marked with intense intraday volatility. The barometer index, the S&P BSE Sensex and the 50-unit CNX Nifty, both, settled over 35-month high. The Sensex was up 11 points or 0.05%, up 124.90 points from the day's low and off 77.03 points from the day's high. The market breadth, indicating the overall health of the market, was positive. The market sentiment was boosted by data showing that foreign funds stepped up purchases of Indian stocks on Friday, 18 October 2013. NSE’s INDIA VIX, was up 0.30 % level, at 20.18. Amongest the Indices CNX SMALLCAP was up 1.46 % closed at 3,024.85.

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

TRADING CALLS 

CASH

BUY TATACHEM 254 SL 249 TGT 259 / 265

BUY CAIRN 331 SL 325 TGT 336 / 343
BUY PNB 484 SL 476 TGT 490 / 497

SELL MCLEOD RUS 279 SL 284 TGT 275 / 270

SELL TATACOMM CMP 227 SL 233 TGT 220 / 214

FO

BUY TATAGLOBAL 159-161 SL 155 TGT 164 / 170

SELL ZEEL 271--274 SL 277 TGT 265 / 260

DISCLAIMER : THE AUTHOR IS NOT RESPONSIBLE FOR ANY LOSSES DURING ANY TRADE THIS IS MY VIEW !!

The market breadth, indicating the overall health of the market, was positive. On BSE, 1,452 shares gained and 985 shares fell. A total of 157 shares were unchanged.

The BSE Mid-Cap rose 0.86% and the BSE Small-Cap index rose 1.27%. Both these indices outperformed the Sensex.

The total turnover on BSE amounted to Rs 1976 crore, lower than Rs 2091.62 crore on Friday, 18 October 2013.