19-9-2014 DAY PERFORMANCE:
Hope all enjoyed "calm after the storm" scenario with out trying much with greediness. As we informed Nifty hold at 8155 level, which is trend line resistance. One to make note, Nifty Spot Vs. Futures premium is almost nullified. One more thing to observe Nifty Indice Vs Sensex premiums also not run in normal as it should be. This situations generally happens with arbitrage trading or balancing of positions (longs vs. shorts). Since only 4 trading sessions are demanding 4-5% premium for near futures and options may not be much interest to carry the positions, market run within the range of 50 pts in post lunch session.
Calls for day: By expecting range bound (narrow) market, we have given calls to watch, with out giving trading levels.
ITC, MARUTI, BAJAJ AUTO, RCOM, DISH TV.
WE ADVISE YOU TO WATCH PREMIUM AGAINST TIME FOR THE TRADERS FOR NEXT 4 DAYS, BEFORE YOU ENTER FOR POSITIONAL TRADERS. MOMENTUM TRADERS SHOULD BE OUR STRATEGY FOR NEXT WEEK. WE WISH YOU HAPPY WEEK END.
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