OUR ESSAR OIL , HIND OIL , ISPAT , MERCATOR LINE , HITTING OUR TARGET EVERYDAY
LOTS OF OTHER INTRADAY,BTST,INVESTMENT CALLS
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The market is expected to open on flat to positive note today;
traders are advised to assume long position if Nifty sustains
above 5850 levels for upside targets of 5900 and 5950 levels.
Alternatively, the y can assume long position from lower support
of 5800 levels with a final stop loss placed at 5780 levels.
Nifty December futures open interest remained flat with premium decreased to 11.45 points from 40.75 points suggesting closure of long and fresh build up
of short positions. On the options front both call and put option
has witnessed accumulation of long position indicating volatility
is expected increase in the near term; Nifty 6200 call option
seen highest addition of 3 lakh shares in open interest
Alok Industries a huge rally in the offing due to demerger).
Watch out for TATA TEA, WELSPUN GUJARAT, ESSAR SHIPPING,RNRL, INOX LEISURE,
GUJARAT NRE COKE
JHS Svendgaard(Rs.57.60) is likely to shoot up towards 70 levels.
Rcom Buy Above 720 sl 710 for target 735-738 for 1-2 Days
Buy MTNL for a target of 190 and above for 1-2 days
We have a Rangebound view in Nifty. We recommend a Short Strip strategy:
o Sell Two Nifty Dec 5400 PE @ 78 - 82
o Sell One Nifty Dec 6000 CE @ 100 - 104
o UBEP: 6262
o LBEP: 5138
o SL: 350 (Total Premium)
o Investment: Rs.95,000 (Approx)
o Time Frame: 8 – 10 Days
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