11-09-2014 DAY PERFORMANCE:
Today Nifty went on Profit Booking as we expected. No time it has crossed the given levels of 8135 or 8045 to take either direction. From 8057 it has bounced back and closed with respectable level of 8086, which is better than yesterday's low. Today also we witnessed many sector rotation like pharma to auto sector. Also we could see good volume pick up at value stocks like RECL, Cormandal Ent etc. This indicate the Confidence on market.
DAY CALLS:
LONGS: KALYANI STEEL: BUY > 114 TRG 122 SL109
ACTUAL: LOW: 117.20 HIGH: 122.65
UTTAM GALVA: BUY > 77 TRG 80 SK 75
ACTUAL: LOW : 77.05 HIGH 79.35
SHORTS: SHASHUPHARMA: SELL < 208 TRG 203 SL 210
ACTUAL: LOW 106 HIGH : 211.25
BANK OF INDIA: SELL < 279 276/273 282
ACTUAL: LOW: 279.75 HIGH 288.45 (COULD NOT INITIATE TRADE)
AS WEAKNESS BUILDING UP IN MARKET, BY ROTATING INDICES, ONE SHOULD BE CAREFUL IN TRADES WITH STRICT SL. WE WISH YOU ALL THE BEST FROM TOMORROW.
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