16-9-2014 DAY PERFORMANCE:
Today Nifty slipped more than it deserved and it seems some more shorts have been accumulated in addition to yesterday positions. At the end of day Nifty was forced to close at day low. As Europe Data is not encouraging and US data also expected mixed performance, dealers preferred to go for shorts than opting short coverage. As 7850/7860 is 50 DMA and 50% level for recent low and high, traders should observe this level.
This level slippage was not expected by us and suggested to our traders to take care at 7980/7820 level. Who ever practiced trailing SL as we are go on informing for all the days, might have enjoyed more profits than we expected.
DAY CALLS:
JKIL: BUY > 329 TRG 335 SL 323
ACTUAL: LOW : 318 HIGH 329 ( CALL WAS NOT INITIATED)
IRB: SELL < 259 TRG 254 SL 262
ACTUAL: LOW: 247.60 HIGH: 259.50
TATAMOTORSDVR: SELL < 383 TRG 377 SL 387
ACTUAL: LOW: 355.05 HIGH 378
HOPE ALL ENJOYED CALLS. TOMORROW MORNING SHOULD BE AT ALERT AS MARKET GOING TO START WITH NEW LEVELS (NEITHER AT THIS LOWS OR TOO HIGH). WE WISH YOU ALL THE BEST FOR TOMORROW.
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