NIFTY UPDATE

NOTE:  Current Account Deficit (CAD) widens to 4.9 per cent of GDP in April-June quarter.

This can have effect on opening tomorrow and can alter the structure, but large picture will not change much.

Hot Trades

Hot Buy and Hot Sell

Hidden Divergence: Stocks & Commodities V. 14:7 (285-289)

Trades for next week (23-09 to 27-09-2013)

Trades for 13-09-2013

Security Name	Close	Buy Above	SL	T1	T2
LUPIN	859.05	868.78	861.11	876.78	892.12
TATAGLOBAL	150.70	153.10	151.25	155.20	158.40
JINDALSTEL	241.20	246.20	240.94	250.70	258.10
M&M	827.35	840.71	830.71	852.38	869.77
SUNPHARMA	561.35	573.56	563.85	584.62	599.33
COALINDIA	293.05	297.40	293.41	301.15	307.75
RCOM	143.85	145.83	144.50	147.52	150.13

Security Name	Close	Sell Below	SL	T1	T2
PETRONET	117.15	116.00	117.65	114.85	113.20
TECHM	1356.80	1336.13	1353.07	1315.47	1298.53

Trades for 11-09-2013

Security Name	Close	Buy Above	SL	T1	T2
TATACOMM	165.15	167.98	166.73	170.48	173.22
HAVELLS	618.65	630.06	627.43	640.22	648.43
OFSS	3047.10	3103.18	3065.06	3153.07	3218.43
ZEEL	229.10	233.63	230.48	237.70	242.90
HINDALCO	110.20	112.05	110.61	113.67	116.08
MARUTI	1336.65	1359.09	1342.16	1378.82	1407.68

Security Name	Close	Sell Below	SL	T1	T2
TECHM	1356.80	1336.13	1353.07	1315.47	1298.53
PETRONET	117.15	116.00	117.65	114.85	113.20

Trades for 10-09-2013

Security Name	Close	Buy Above	SL	T1	T2
GAIL	301.10	306.12	301.52	310.53	317.82
ABIRLANUVO	1112.70	1131.41	1124.35	1147.87	1164.93
HAVELLS	613.10	621.32	617.51	628.30	637.60
ACC	962.30	982.01	965.32	999.77	1025.03
BAJAJ-AUTO	1910.85	1934.43	1922.38	1954.15	1983.30

Security Name	Close	Sell Below	SL	T1	T2
SUNTV	388.65	380.82	394.13	372.98	359.67
WIPRO	468.50	460.97	472.43	453.43	441.97
HEROMOTOCO	1930.25	1899.12	1933.13	1867.98	1833.97
ADANIENT	136.40	133.63	136.32	130.87	128.18
DABUR	163.15	161.30	164.20	159.45	156.55

IFCI and BANKBARODA : Hot for quick gains

Nifty Update

Below is the daily chart of NIFTY FUT.

5720-5760 is stiff resistance. From tomorrow or from Monday we may start seeing reversal of this rally, which should take it down to 4900 in next 1-2 months.

If the level of 5760 is breached on weekly basis then get ready for 6100. (Only 10% chance)

Start buying 5400-5300 puts of current expiry in a phased manner with SL at 5770 on closing basis.

Trades for 05-09-2013

Security Name	Close	Buy Above	SL	T1	T2
BHARTIARTL	297.20	304.40	295.22	311.00	322.80
SYNDIBANK	65.50	66.40	65.82	67.17	68.33
ICICIBANK	817.75	834.23	814.77	849.05	875.75
PUNJLLOYD	21.75	22.46	21.48	23.12	24.28
INDUSINDBK	366.90	380.18	365.52	392.70	410.60
CIPLA	419.80	426.54	419.13	432.43	443.57

Security Name	Close	Sell Below	SL	T1	T2
UNIONBANK	102.85	100.27	102.58	97.68	95.37
CENTURYTEX	213.00	207.73	212.27	202.47	197.93
JISLJALEQS	50.85	49.77	51.08	48.68	47.37
LT	699.00	686.52	699.88	674.03	660.67
HDFCBANK	564.05	556.52	566.68	548.98	538.82
IDFC	79.95	78.57	80.08	77.18	75.67
PNB	412.60	401.90	410.90	391.20	382.20
ADANIENT	133.05	127.67	131.83	122.28	118.12