BANKNIFTY

Tuesday, October 04, 2011

PERFORMANCE 04-10-2011

FUTURE : NIFTY @ 4760 -OPEN- TGT-4800/4820
BOUGHT RCAP @ 322-326 (HIT TGT) PSTNL TGT 340++
BOUGHT  EDUCOM @ 235 - SL HIT -232.
OPTION : JP 80 CE EXIT AT 2.10 GVN @ 2.8
RCAP 340 CE @ 20 SL 14 TGT 30++
HOLDING BATA AND EDUCOM CALLS.
NIFTY 4900 CE @ 120 SL - 108 AGAIN @ 100 TGT OPEN.

PREDICTION 04-10-2011

GLOBAL SCENARIO WEAK. ASIA WEAK.
NIFTY OPEN -1%. THEN RECOVER FROM 4800.
BULLS: EDUCOM, OIL PSU, ADAG STOCKS.
BEARS : JSW, RIL,HDIL,GE SHIP, INDUS BANK
BUY IOC  SL - 312 TGT - 330 ALSO BUY CE
SELL ON RISE  GE - SL - 245 TGT- 220 AND INDUS BANK SL 262 TGT- 247
OPTIONS :
BUY NIFTY 4900 CE NEAR 4810/115 TGT 140/160
HOLD EDUCM 250 CE @ 10-11  SL 7  TGT 15 ++

JP 80 CE & BATA 680 CE HOLD (OPEN)

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