Web Sify
Follow us on

Today's picks

Last Updated: Mon, Nov 12, 2012 19:40 hrs

Current: 5,684 (fut: 5,715)
Target: NA
The index could swing between 5,625 and 5,745 with the futures at 30 points premium to underlying. Stop loss shorts at 5,725 (futures price: 5,760) and stop loss long positions at 5,650 (futures: 5,675). A long strangle of long 5,600p (20 and long 5800c (26) costs 46 and it could gain 15-20 on a big move.

Bank Nifty
Current price: 11,584 (fut: 11,661)

Target price: 11,450 (fut:11,525)
The financial index is hitting resistance at current levels and the futures is trading at 80 points premium. A fall till 11,375-11,425 (futures price 11,450-11,525) is likely. Keep a stop at 11,650 (fut:11,725) and short. Add to the position between 11,475-11,525 (fut:11,550-11,600). Book profits below 11,450.

Reliance Industries
Current price: Rs 787
Target price: Rs 760
The stock has a bearish pattern. It could fall till Rs 755-760 if it breaks support at Rs 775-785. Keep a stop at Rs 805 and short with a three-session timeframe. Add to the position between Rs 770 and Rs 780. Book profits below Rs 760.

Current price: Rs 205.5
Target price: Rs 201
The stock saw selling that could push it down till Rs 198-201. Keep a stop at Rs 208.5 and short. Add to the position at Rs 203-204. Book profits below Rs 201.

Note: Since Diwali trading is token, the timeframes considered for the following trades is November 15, or beyond, if so specified

blog comments powered by Disqus
most popular on facebook
talking point on sify finance