10-11-14 DAY PERFORMANCE:

NIFTY PERFORMANCE:

As we mentioned in our morning note, Nifty had opened flat, there after got resistance as per our expectations (8380).   But bottom was not reached as we expected and Day Pivot has given good buffer to hold Nifty and close with 7pts plus.   As we noted in our morning note, today Nifty closed flattish and tomorrow also same trend may continue, unless some strong news hit the market.   Let us ready with hedging to our positions other wise book profit, if you have reasonable profits.    As Wednesday, Sep., 14 IP data will not be encourage i.e may be lower than expectation and better than YTY,  CPI data may be encouraging one, but all these likely to get after business hours, which may not be handy to traders and take lead from these news.

STOCK'S TECHNICAL PERFORMANCE: (MENTIONED FOR POSITIONAL)

CANFINHOMES: BUY > 515 TRG 533/548 SL 482 (WAIT FOR NIFTY LOWS)
                              ACTUAL: LOW: 512.20  HIGH: 525.50 (CAN HOLD WITH TRAILING SL)

COALINDIA: SELL < 345 TRG 341.50/338 SL 348
                        ACTUAL: LOW: 340   HIGH: 353.05 (SL HIT) NON - ALIVE
 

NTPC: SELL <145 TRG 143 SL 146
             ACTUAL:  LOW: 144.20 HIGH: 146.80 (SL HIT) NON-ALIVE
 

UNION BANK: SELL < 216.50 TRG 212/209 SL 220
                           ACTUAL: LOW: 210.35 HIGH: 216.55 (CAN HOLD WITH TRAILING SL)