Tuesday, 30 October 2012

CALLS FOR OCTOBER-30

                As per our view today market got confusion to fix direction because of RBI policy. It Moves some volatile and closes flatly. Banks stocks will move the market after RBI policy. market will go up or down????? Before to discuss this, one interesting think that last one month FII were invested 12,000 cr. But last three days they are start selling their holdings. So today may be the big day for our market. may go up or down??? who knows??? But we can say one think technically market so weak now as per chart shows sell signal. Last two days nifty closed below 20 DMA it may test 50 DMA

         Also Bollinger Band shows converged as of now so it has to divergent.We are expecting RBI will stay without any changes. Market may go profit booking. Be ready for anythink, also don't trade up to RBI policy.  Our BOI hit all target, Jsw steel hold with proper sl Please exit if you get around or near by 745.

BANK NIFTY    : Sell below 11,400 sl of 11,500 Target 
                      will be 11,300,11,200
CANARA BANK : Sell below 417 sl 421 target 
                      will be 409,404

PORTFOLIO ALERT
 
Our nifty 5600 sell option activated at 48. Please hold for 10-15 days we intimate the exit level put sl as nifty spot 5750.

THANKS & REGARDS
      NSEBSENOW