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OUR TRADING CALL OF KS OILS ALSO FLARED ALMOST 10% OH GOD. WHAT A GAIN.
OUR BTST are NTPC,RNRL,PUNJLLOD,INDIAN OIL
The market is expected to open on a flat to positive note today.
However, profit booking from the higher levels cannot be ruled
out. Traders are advised to assume long positions from lower
support of 6150 and 6120 levels with final stop loss placed
below 6110 levels.However, Nifty witnessed
sharp bounce from the lower support of 6000 levels in the initial
hour of the trade itself. Buying in telecom pivotal assisted the
Nifty to test li fe time high at 6175 levels. Buying continued in
mid -cap stocks as indicated by strong market breadth at
797:377. Nifty December futures have seen fresh accumulation
of long positions ; December futures have added 40 lakh shares
in open interest with significant increase in premium to 29.75
points from 10.05 points. On option fronts ; call options have
seen mixed trend while put options have witnessed writing
across the strikes suggesting limited downsides in the market.
HOT PICKS - SPICE TELE,NICHOLAS PIRAMAL,PORRITTS & SPENCER
Delivery
EDELWEISS CAP. : Short Term Target 1700+
IFCI : Target 150+
AMD Metplast(Rs.51.75) is being cornered by insiders. Watch for good gains in the short term
Buy MTNL Buy for a target of 215 and above for 4 days
Adlab target 2000
We have a moderately view on NTPC. We recommend a Covered Call strategy:
o Buy One NTPC Dec Fut @ 252 - 254
o Sell One NTPC Dec 260 CA @ 7.00 – 7.50
o BEP: 247
o Investment: Rs.1,56,000 (Approx)
o Time Frame: 8-10 Days
Maruti Buy 1050-1060 sl 1043.10 for target 1110-1120 for 2-3 Days
LOTS OF OTHER INTRADAY,BTST,INVESTMENT CALLS
FOR OUR SUBSCRIBER'S ONLY