Opening is up,buy abv 5705 sl 5685 tgt 5745-5780 and if sustain below 5690,sell with SL 5725 tgt 5640-5610.
Nifty November 2007 futures were at 5727, at a premium of 28.85 points as compared to spot closing of 5698.
Nifty November 2007 futures were at 5727, at a premium of 28.85 points as compared to spot closing of 5698.15.
Crude at lowest level in a week , see buying in IOC,HPCL,BPCL Prices drop by more than $3 as OPEC become serious on output increase
IT sector with weakening rupee only adding to the strength. Multiplexes are multiplying investors money ,Inox and Cinemax are dark horses at the current levels. Our other successful calls include Hindustan Motors and Ashok Leyland(December Futures and momentum call).
HOPE ALL ENJOYING ESCORTS,IDFC,GNFC,IFLEX,ASHOK LEY,
ALSO CLOSE WATCH ON YES BANK,HIND MOTORS,TATA MOTORS
SEBI probe on RPL
Stock Exchange (NSE) barred derivatives traders from taking fresh positions in RPL futures.
A senior official of the Securities and Exchange Board of India (Sebi), who did not wish to be named, confirmed that the capital market regulator has called for trading data from stock exchanges and is “looking into the matter”. “I can’t share with you any information at this point as this is confidential,” the official added. He said Sebi routinely looks into stocks that show unusual movements.
It is the stock market regulator’s job to investigate sharp and sudden movement in share prices, but such investigations, by themselves, do not imply any wrongdoing.
People taking a short position are essentially taking a negative view on the stock. For instance, a person who went short on a certain company when its shares were trading at Rs290 can wait till the settlement date, say 29 November, when its price is down to Rs190, and then buy the shares (since he has already sold it at Rs290, he makes a profit of Rs100 a share). Or, this person can wait for the share price to start going down and buy back an equivalent amount of shares as he has sold, squaring his position
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