19-11-2014 DAY PERFORMANCE:

NIFTY PERFORMANCE:

As we expected Nifty went on correction, that too sharper upto 8360 level, which is more than we expected 8400-8480.  As we mentioned in our morning note, FIIs are selling at highs and adding shorts in the system,  Nifty Futures OI is maintaining > 2cr level.   As most of the Indices are in over bought zone, this kind of correction is inevitable and advise to continue trades with strict SL.

STOCKS TO WATCH (POS/DAY BASED ON LEVELS GIVEN)

CCL: BUY > 137/140 TRG 146/148 SL 140

         ACTUAL: LOW: 143.50 HIGH: 158

 

RIIL: BUY > 529 TRG 544/561 SL 524

          ACTUAL: LOW: 522.10 HIGH: 548.90 (OPENED HIGH AND HIT THE SL)

 

ABAN: SELL < 585 TRG 568 SL 596
             ACTUAL: LOW: 561.20 HIGH: 589