MARKET UPDATES 27th Sept.2013

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STOCK MARKET - 27 th Sept . MARKET TREND :- Sell on Rise Strategy – Oct Month likely bearish. NIFTY (SPOT) RESISTANCE: 5935-5982 NIFTY (SPOT) SUPPORT- 5870-5804 BSE SENSEX : Resistance – 20085-20250 Support-19658 NIFTY FUTURE :- Trading range 5820 to 5930 break will move. Resistance 5950. BANK NIFTY :- Resistance 10300 and support are 10000 Future Call Buy Sun Pharma at 567 sl 560 target 590- 590 (Decline to long) Option Call : - BUY RELIANCE 840 PE AROUND 26-27 SL 20 TGT 32-37+ Buy 6000 Nity Put at 190 sl 150 below target 250-300-400. Cash Market Call : SELL M&MFN AROUND 264-264.50 SL 267 TGT 261-258 Investment Strategy Call : Buy Bhel on decline at 144-145 stop loss 135 target 170-175. COMMODITY MARKET - Gold (Oct) Resistance 30000-30100 reversal to sell side - support 29700-29500 Trading Range 29400 to 30500-30600 break out or break down 1000 point move in either side. Silver (Dec ) Below 50000 - support 48000 Copper(Nov) Strong support 450 and resistance 460-462 Crude(NOv) resistance 6500-6530 and support 6300 below do not think long side Natural Gas(Nov ) Below 225 hot sell for target 210

Transcript of MARKET UPDATES 27th Sept.2013

Page 1: MARKET UPDATES 27th Sept.2013

STOCK MARKET - 27 th Sept . MARKET TREND:- Sell on Rise Strategy – Oct Month likely bearish.

NIFTY (SPOT) RESISTANCE: 5935-5982NIFTY (SPOT) SUPPORT- 5870-5804 BSE SENSEX : Resistance – 20085-20250 Support-19658

NIFTY FUTURE:- Trading range 5820 to 5930 break will move. Resistance 5950. BANK NIFTY :- Resistance 10300 and support are 10000

Future Call Buy Sun Pharma at 567 sl 560 target 590-590 (Decline to long)

Option Call : - BUY RELIANCE 840 PE AROUND 26-27 SL 20 TGT 32-37+

Buy 6000 Nity Put at 190 sl 150 below target 250-300-400.

Cash Market Call : SELL M&MFN AROUND 264-264.50 SL 267 TGT 261-258

Investment Strategy Call : Buy Bhel on decline at 144-145 stop loss 135 target 170-175.

COMMODITY MARKET -

Gold (Oct) Resistance 30000-30100 reversal to sell side - support 29700-29500 Trading Range 29400 to 30500-30600 break out or break down 1000 point move in either side.

Silver (Dec ) Below 50000 - support 48000

Copper(Nov) Strong support 450 and resistance 460-462

Crude(NOv) resistance 6500-6530 and support 6300 below do not think long side

Natural Gas(Nov ) Below 225 hot sell for target 210

Nickel (Nov ) Resistance 895 and support 850 – time to break out at lower level.

LEAD : : Trading range 127---134

Aluminum : Trading Range 110 to 112 break out will move fast in either side.

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World Market :

The Dow Future is up 80 points to 15290. The US Dollar Index gained 0.192 points to 80.537.Gold has eased 7.26 dollars to 1323.51. Silver is dropping 0.0050 dollars to 21.6830. The Dow Industrials gained 55.04 points, at 15328.30, while the S&P

500 moved up 5.90 points, last seen at 1698.67. The Nasdaq Composite climbed 24.13 points to 3785.23.