Tuesday, 18 December 2012

CALLS FOR DEC-18

                                 Dear all, weeks first day market closed with range bound due to lot of expectation on RBI credit policy.We are expecting some surprise may take over in RBI policy. Fii's still stays as buyer in our market.But if we analyses by the way of open interest of nifty option, the market seems to be little bearish, because strong OI was built in 6000&5900 call. So now trend is any level near to 5890 will be shorting chance with sl of 5900. 
                                 Banknifty was closed near to resistance level, If RBI announce any move favour to market, then bank sector will go rock with target of 13000 or may be all time high....Let us wait & watch....Above 5900 nifty having resistance @ 5968. If it sustain above 5968 then direct target to 6040..

NEWS OF THE DAY                                                                                        
RBI credit policy around 11am....This will going to decide the  direction of market.

BANK NIFTY    :Buy above 12500 sl of 12400 target
                        will be 12600,12750
SBI                  :Buy above 2353 sl 2329 target 
                        will be 2377,2401
If market moves below 5815 then do reverse trade....
PORTFOLIO ALERT
  Tatasteel sl still not trigger...so keep hold. Buy DEC5900PE only above 79 target will be later 1 lot....

THANKS & REGARDS
      NSEBSENOW