OutLook For 13-17 Oct

By | October 12, 2008 5:42 pm

Nifty Oct call added 17% in OI at 2.98 Cr shares while put shed 22% in OI at 1.50 Cr shares. On the back of this call writing at higher level strikes and covering of positions by the put writers as they fear sharp short covering rally, one should keep in mind that during the month of June 06 it had fallen to as
low as 0.60 level before it saw some recovery.

Buy Nifty call 3900 Nov and Hold till expiry
Nifty faces Support now at 3200 than at 3000 which is shown in charts in previous post.

Stock Specific

Real State Stocks will show Lot of Momentum Unitech go long above

IVRCL BUY above 165 Sl 150 Gaps need to be filled

DLF buy above 307

Unitech above 95

HDIL is having a book value of rs 169 so its no man guess its a value buy at these levels Buy only in stagger manner.

Reliance Buy in stagge manner around 1300-1500 Levels for Long term.

SBI sell at Rise for a tgt of 1000 sl 1400

ICICI Bank a value Pick from trading prospective BUY it above 372 for a tgt of 400 and 425

Well guys will tell u one thing which all should agree

Investor and Traders do not sell in Loss but sell in PANIC

Any Stock Specific query mail at bhandaribrahmesh@gmail.com

Category: Daily

About Bramesh

Bramesh Bhandari has been actively trading the Indian Stock Markets since over 15+ Years. His primary strategies are his interpretations and applications of Gann And Astro Methodologies developed over the past decade.

Leave a Reply