October 2013

Tuesday, October 22 2013

BANKNIFTY and CNXIT ....

yesterday afternoon .... i hv sensed that bulls r switching posns from banks to IT again .... i had said earlier that banks wl not be able to give same thrust that it could from 5700 to 6150 .......

infact IT was becoming a bigger drag on NIFTY ....

so i suggest to buy out of money banknifty puts which r available relatively cheap .... and 300/400 points cut on bank nifty can be expected .......

position yrself accordingly ......

Tuesday, October 22 2013

LT .... yesterday brokerages hv pushed the stock saying it is available below average historical P/E .....

but P/E is a function of eps growth .... when eps is likely to contract ... whether higher P/E wl sustain ...... just keep that in mind ....

historically LT is growing at annual pace of 20 % easily .... this year .... growth wl not be there in fact 15 % contraction in EPS is expected .....

keep that in mind .....

i know .... i am swimming against the tide ..... but that is what i am ..... and i am convinced ........

Tuesday, October 22 2013

NIFTY

SPOT INTRA

go short / long - 6183 / 6212

stop loss – 6197 for both

long targets – 6226/41/55/70

short targets – 6169/54/40/25

Tuesday, October 22 2013

intraday		DATE	22nd october 2013
stocks / indices	go	entry	Target	Stoploss
PREFER TO TRADE IN THE DIRECTION OF NIFTY . . .
BANK NIFTY SPOT	short	10725	10650/575/500	10800
BANK NIFTY SPOT	long	10800	10875/950/11025	10725
RELIANCE	short	910	906/02/898/94	914
RELIANCE	long	914	918/22/26	910
ICICI BANK	short	1004	997/990/83/76	1011
ICICI BANK	long	1011	1018/25/32/39	1004
SBI	short	1657	1644/31/18/05	1670
SBI	long	1670	1683/96/1709	1657
LT	short	917.5	910/02.5/895/87.5/80	925
LT	long	925	932.5/40	917.5
TATA MOTORS	short	380.00	377/74/71/68	383
TATA MOTORS	long	383	386/89/92	380
KTK BANK	short	100	98/96/94/92/90	101
KTK BANK	long	102	104/06/08	101
JSPL	short	247	244/41/38/35	250
JSPL	long	250	253/56/59/62	247
asian paints	short	509	503/497/91	515
asian paints	long	515	521/27/33/39/45	509
YES BANK	short	353.5	349/44.5/40	358
YES BANK	long	358	362.5/67/71.5/76	353.5
IDFC	short	100	99/98/97/96	101
IDFC	long	101	102/03/04/05	100

Monday, October 21 2013

look at reliance 900 put around 12 and LT 880 put around 12/13 ........

both offer good risk reward .... we can have target of 30 in 3/4 days time .......

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