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Market Today - SEPT 18th, 2008

By Abhishek on 8:43 PM

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Market Today - On High Ride

Indian Market opened lower 662 points on SENSEX @ 12600 and 200 points on NIFTY @ 3808 on extremely bad news from US and other major Asian market. However it manage to close on Positive side which is a extremely good signals for market. Indian Market started to gain momentum from mid of trading hours when US Federal Reserve and 5 other Central Banks announces steps to improve liquidity ,, this news boosted a sentiment on market performance.  After this news other asian market also gained from their Intraday lows.. Hang Sang were down about 7% or 1300 points also recovred and traded in Positive side and finally closed only 4 points down.. 




Our Performance


  • Bank India @ 263 sl 258 target 268/271 - Achd. both target. Exited @ tgt1 - IF traded with 500 sh , then profit Rs 5*500 = Rs2500/trade
  • Buy Nifty Fut @ 3865 sl 3840 target 3990 - Achd target. exited @ tgt- If traded with 1 lot, then profit Rs25*50 = Rs1250/lot/trade
  • Buy Axis Bank @ 656 sl 645 target 670 - Achd target , exited @ 665. - If traded with 200 shares , then profit Rs 9*200 = Rs1800/trade
  • Buy Kotak Bank @ 640 sl 632 target 648 - Achd target , exited @ tgt - If traded with 200 shares , then profit Rs 8*200 = Rs1600/trade
  • Buy Nifty Future again @ 3940 sl 3920 target 3980 - Exited @ target - IF traded with 1 lot ,then profit Rs 40*50 = Rs2000/lot/trade

Profit - Nifty = Rs 3250/lot / trade . Bank India = Rs2500/trade . Axis Bank = Rs1800/ trade . Kotak BAnk = Rs1600/trade . 

Approx Profit = Rs. 9150/trade . If traded with adviced Qty ... 


No Premarket call for tomorroww



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