23-09-2014 DAY PERFORMANCE: Bulls have left the game lopsidedly to Bears.....

23-09-2014 DAY PERFORMANCE:

Today Nifty had resistance at 8160 level itself, which is much earlier/quicker than we expected (8180).  Bulls have left the game  lopsidedly to Bears after their initial struggle, which resulted negative close.  Without much volatility Nifty lost 129 pts.   As good volumes have been traded on 22nd by FIIs in Index Futures Segment, we have to analyse, weather  these are reflective trades or add on to the previous day.  

As precious 1st week of the next series of derivative session is going to end with more holidays, we have to be more careful in Options Premium  calculation.  By expecting this kind of valleys in price graphs only, from last 3days repeatedly we are alerting about left over trading days for near month derivatives.

DAY CALLS:

LONGS: HDFC: BUY > 1072 TRG 1089 SL 1060

               ACTUAL: LOW: 1062.05 HIGH: 1083.45

               INDIABULLSHSGFIN: BUY > 402 TRG 414 SL 394

               ACTUAL: LOW:408.35  HIGH: 434.15

SHORTS: TCS: SELL < 2775 TRG 2710/2687 SL 2803

                ACTUAL: LOW: 2683.30 HIGH: 2780

                PUNJLLOYD: SELL < 40 TRG 38 SL 41

                ACTUAL: LOW: 38.50 HIGH: 40.50

OUR PRICE TARGET / OUR AIMED PRICE LEVELS ARE MORE  IMPORTANT THAN ANY TECHNICAL LEVELS AND ANALYSTS LEVELS.   OUR TARGETS REFLECTS OUR BEARING CAPACITY AND GREEDINESS.  LET US SYNCHRONISE OUR OWN TARGET WITH PROFESSIONALS TARGETS.