12-11-14 DAY PERFORMANCE:

NIFTY MOMENT:

As we mentioned in our morning note, Nifty had journey to its 2 nd resistance levels (8385/8420/8450) and started giving up its gains.  As many corporates have given better results and Media is floating positive news on Economic data, Nifty hold at 8370 level its against to our expectation of 8300 level.   As traders are not ready to give up the market easily, even though it is in over bought zone, any positive news can extend its bullishness with the support of Bank Nifty.   In the same time Traders should maintain SL, to protect from FIIs selling possibilities against good news or bad news.

At this level, one should put question;

How much profit need? than waiting for un-limited profits from market.

And also, check, is our holdings are worth to hold further? by comparing against peer stocks, market, and its results. 

Then many questions comes like: can he effort; if any loss to be booked? etc  

STOCKS (POSITIONAL CALLS):

HOV SERVICES: BUY >  175 TRG 183/192 SL 174
                             ACTUAL: 176.75 HIGH: 190.90 (CAN HOLD WITH TRAILING SL)

IOB: BUY > 58.50 TRG 60/61 SL 57.50
         ACTUAL: LOW: 58.15 HIGH: 59.65  (CAN HOLD WITH TRAILING SL)

ARVIND: SELL < 287.50 TRG 280.50 SL 293
                   ACTUAL: LOW: 284.50 HIGH: 291.30 (CAN HOLD WITH TRAILING SL)

OPEN CALLS: (B/F)

CANFINHOMES: BUY > 515 TRG 533/548 SL 482 (WAIT FOR NIFTY LOWS)
                            10/11--ACTUAL: LOW: 512.20  HIGH: 525.50 (CAN HOLD WITH TRAILING SL)

                            11/11--ACTUAL: LOW: 512.55 HIGH: 535.30(1ST TRG ACHIEVED)

                            12/11--ACTUAL: LOW: 507.30 HIGH: 527.45 (CAN HOLD WITH TRAILING SL)