Equity & Commodity market Udates (17-10-2013)

2
STOCK MARKET - 17 th OCT . MARKET TREND : - Market open with good note, panic to buy. NIFTY (SPOT) RESISTANCE: - 6142-6190 NIFTY (SPOT) SUPPORT: - 6093 -6062 BSE SENSEX : Resistance –20759 Support- 20278 NIFTY FUTURE : - Hold 6050-6030 range up move continue towards 6150-6200 BANK NIFTY : - support-10200 and resistance 10500 above show power, otherwise sell side. Future Call:- Sell Reliance at 880 stop loss 886 on closing basis target 860. Option Call :- BUY SBIN 1600 PE AROUND 40 SL 34 TGT 52-59 + Buy Bank Nifty 10000 put at 100-110 stop loss 70target 150. Cash Market Call : - SELL TATAPOWER CASH AROUND 79.5-80.2 SL 82 ABOVE TGT 77.8-76 BELOW Investment Strategy Call : - COMMODITY MARKET - Gold (Oct) Resistance 29200 and support are 28600 watch out. Silver (Dec ) Higher level to sell side… support 46500 and resistance 48000 Copper(Nov) Strong resistance 460 and support 450 Crude(NOv) Resistance 6350-6360 and support arer 6200 Natural Gas(Nov ) Resistance 238-240 and support are 230

Transcript of Equity & Commodity market Udates (17-10-2013)

Page 1: Equity & Commodity market Udates (17-10-2013)

STOCK MARKET - 17 th OCT . MARKET TREND: - Market open with good note, panic to buy.

NIFTY (SPOT) RESISTANCE: - 6142-6190NIFTY (SPOT) SUPPORT: - 6093 -6062

BSE SENSEX: Resistance –20759 Support- 20278

NIFTY FUTURE: - Hold 6050-6030 range up move continue towards 6150-6200BANK NIFTY: - support-10200 and resistance 10500 above show power, otherwise sell side.

Future Call:- Sell Reliance at 880 stop loss 886 on closing basis target 860.

Option Call:- BUY SBIN 1600 PE AROUND 40 SL 34 TGT 52-59 +

Buy Bank Nifty 10000 put at 100-110 stop loss 70target 150.

Cash Market Call: - SELL TATAPOWER CASH AROUND 79.5-80.2 SL 82 ABOVE TGT 77.8-76 BELOW

Investment Strategy Call: -

COMMODITY MARKET -

Gold (Oct) Resistance 29200 and support are 28600 watch out.

Silver (Dec ) Higher level to sell side… support 46500 and resistance 48000

Copper(Nov) Strong resistance 460 and support 450

Crude(NOv) Resistance 6350-6360 and support arer 6200

Natural Gas(Nov ) Resistance 238-240 and support are 230

Nickel (Nov ) Resistance 880 above show power.

Aluminum : Trading range 110-115 break out this range will move one side.

T_____________________________________________________________________________