22-9-14 DAY PERFORMANCE:

22-9-14 DAY PERFORMANCE:

Today our Market positively reciprocated to PM Modi's Positive Remarks regarding India Growth Story and Possibility of Balanced Relation both with US & China  (during CNN interview).  Market has totally over looked all Peer Markets and bounced from it lows and closed with respective gains.  

As we mentioned about India Vix and Bulls aggressiveness, today also India Vix has created all time low level of 10.31.  If we have to search for the weakness of Nifty for today, we have to say as; it could not touch Friday's High and closing below 8150.   As Bulls are very aggressive,  and Bears or Punters could not air any negative news or accumulate selling volumes to substantiate weak technical, Nifty has bounced back even though Nifty started with gap down.   

As we mentioned regarding Options premium, much values have been eaten away by the day.  For example, even though Nifty gained 25 pts 8200 CE closed at 13.80 against to its Friday closing of 15.15   Like that 8000 PE closed at 4.85 against to its previous trading day close of 9.45.

As only 3 working days left for the near month derivatives session, traders should be cautious for their positional trades.

DAY CALLS:

HDFC BUY > 1060 TRG 1074 SL 1052

         ACTUAL: LOW: 1055.50 HIGH: 1080

SINTEX: SELL < 74 TRG 72 SL 76

        ACTUAL: LOW:   74.05 HIGH 76.60 (CALL COULD NOT INITIATE)

COOL MIND, CAUTIOUS APPROACH, CALCULATIVE MOVE ONLY GIVE MORE SUCCESS IN ANY TASK.   OUR SHARE MARKET IS NOT DIFFERENT IN THAT APPROACH.   DUE TO IMPULSIVE BUYING AND GREEDINESS ONLY MOST OF THE TIME WE LOOSE MONEY.  WE WISH YOU HAPPY TRADING.