MARKET VIEW & NIFTY, STOCK CALLS FOR OCT-18

                     We already said here markets are in range bound. Now major support for nifty is 5640. If nifty trade below in this level for 15-30 min or Break with volume then we may see nifty around 5520-5420 range. But we were already told last week that market may hit 5800++ once again. So please buy on every dip with max sl 5625.
         
                 Some more interesting thinks are, first 2 weeks of October, FII's were invested more than Rs 10,000 cr in equities. Also delivery volumes are touches 11 month high. It seems markets are looking to bullish only. Every one say markets are in so cheap in indian by the way of Market Capitalization to gross domestic product (GDP) Ratio(MC/GDP). See picture below

 

The combined earning per share of the 30 sensex companies has risen from Rs833 for 2007-08 to Rs 1,125 for 2011-12,a rise of 35%. Market PE ratio increased steadily from mass crash of 2008. Compare to this, MC/GDP growth is now on 64% only. It shows markets are so cheap in india. So please use this opportunities to earn something in your life. & we are always with you.

NIFTY         : Buy nifty near 5640-5650 sl of 5625 target

                   will be later (Positionally hold )

PANTALOON: Buy above 190 sl of 183 target

                   will be 197,201

PORTFOLIO ALERT

 Please hold all stocks, LIC & DLF are in loss now, don't worry keep hold for short term.

Buy DLF OCTOBER 210 CE (call) at 2.5 one lot target will be later. 

  THANKS & REGARDS
      NSEBSENOW