18-11-2014 DAY PERFORMANCE: If some thing happens to Mr.Modi.........

NIFTY PERFORMANCE:

Nifty gone through consolidation/profit booking phase, at this level.  Today Nifty played with in range of 47 pts (8407 - 8455) range.  The contrast economic reports from print media, might be putting the professional traders under confusion.  The News like widening of Indian Trade Balance against Improved Economic Report; Japan facing recession against our expectation of much cash inflows from this country, Interest Rate cut pressure to RBI Governor, who wants to be cautious against USD appreciation etc., are may be in debate for most of the professions.   

Another (report in Mint Money) contrast opinion or fear from Mr. Christopher Wood - Managing Director- CLSA, is: "India most attractive Market". In the same time he express the fear of : "The Single biggest risk is; if something happens to Mr. Modi, the market would be down 20% in dollar terms very quickly".

We all should think, is really Indian Share Market is depend only on one person (Mr. Modi)? or his fame and ideology is helping as spring-board to take Market to new levels? 

 STOCKS TO WATCH (POS/DAY BASED ON LEVELS GIVEN)
GULFOIL: SELL < 173 TRG 168 SL 182

                   ACTUAL: LOW: 166 HIGH: 173.40 (CAN EXIT)

PFC: BUY >  290 TRG 295/310 SL 286

         ACTUAL: LOW: 298 HIGH: 309.25 (CAN EXIT)

RECL: BUY > 320 TRG 326/347 SL 314

            ACTUAL: LOW: 328.10 HIGH: 344.25 (CAN EXIT)

B/F CALLS:

ASIAN PAINTS: BUY > 663 TRG 671/683/700 SL 652 (3rd TRG TO 700)

                      17-11-- ACTUAL: LOW: 675 HIGH: 694.75 (PLAYED ABOVE 1ST TRG) CAN HOLD

                      18-11--ACTUAL: LOW: 683.20 HIGH: 703.80 (CAN EXIT)

SAIL: BUY > 84 TRG 89 SL 83 (SL CHANGED TO 83 FROM 81)

        17-11--ACTUAL: LOW: 84 HIGH: 86.30 (CAN HOLD)

        18-11--ACTUAL: LOW: 85 HIGH: 89 (CAN EXIT)

NO CALLS ON B/F