Sunday, 28 October 2012

MARKET SUGGESTION FOR OCTOBER-29

                                Friday market moves some volatile.Our calls icici & JP ass hit sl. Anyway icicibank gave good result above the all expectation, But operators may made this. We don't worry about that. Now what is next in our market???
See...now our market locked in very crucial range of 5625-5740. If it break any of this level then, we may expect 150-200 points in that way. we thought monday is not a right day for break this level, Because RBI Policy is waiting on 30th. so tomorrow movements is fully based on RBI rumors or expectation only.
                  Most of banks expecting CRR cut without policy hike. Let us see what will happened???  In one big news is waiting, that is, US president election result on nov-6. upto that global markets also not show any movement. If global markets not giving any movements then our market also will be range bound or boring market for next one week.
                    
BANK OF INDIA : Sell below 286 sl of 290 target
                            will be 281,277
JSW STEEL       :Buy above 740 sl of 733 target
                            will be 755,765

PORTFOLIO ALERT
  Our sun tv call activated

Buy one lot NIFTY 5600 PE NOV29 In the range of 40-50 hold for 10-15 days only for hedging our portfolio. 

 THANKS & REGARDS
      NSEBSENOW