|
Trade Log for October 10 , 2008
Buy LT 915 sl below 904 target 930 - Exited @ loss of Rs4/share. Later it hitted Sl and then acheived our tgt of 930 ( made high of 929.90) , if traded with 100 shares then loss of Rs400/trade.
- Nifty can fall more if it cant sustain abv 3305.. Abv 3305 can go higher upto 3386 - Achd.. target of 3386 made high of 3411 on N/Future. If traded with only 1 lot , made profit of Rs. 86 points on Nifty , that translate to a wooping gain of Rs. 4300/lot/trade
- Again 3305 Nifty Spot ,, if traded abv willl fetch the tgts of 3400 ++ and if traded below the level ,, attract the lelvls of 3250 and more... - Achd target of 3250 and falled to 3230, adviced to all members tocover around 3230 , wooping profit again for 75+ points, that translated to Rs3750 profit /lot/trade.
If anyone shorted and holding below my lelvls... please cover ur shorts.. bcoz LC limit is only 100 points away.. Once it hhit ,, trading wll be halted fro 1 hrs. and it will be very hard to get profit once it will open...
so my recomme ,, cover all shorts.. getting decent profit on 75 pints on Nifty Itself... and Buy
- Nifty gained 130 points from our short covering msg.. now those who have holding on nifty from that time.. pleaase// exit the position @ 3400 ,, only for those who are playing with multiple lots... and who are trading with single or mini nf lot... trade with sl of 3326... on NF - Gained 130 points from Nifty Again, made profit of wooping 130 points , which translate to 6500/lot/trade profit..
- Buy RIL for a tgt of 1650 - 1700 and more.. par ofly if continued to trade abv 1568 lelvls.. with a sl of 1535.. - trade executed and made high of 1580 and finally came down to 1520 lelvls after trigring sl of 1535. So loss of Rs33/share . If traded with 75 share then loss of Rs2475/trade.
Trade Summuary - Profit. Nifty (3 times ) - 290 points or Rs - 14500/lot/trade.
Loss. RIL - Rs2475/trade. LT - Rs400/trade.
Approx Profit : - Rs 11625. Awesome Profit.... today
No trade on 08-10-2008 , as a Holiday in our Office..
Carnage in world equity market continued on Friday also as almost all of them witnessed sharp cuts in today's trading session. The downward journey of the domestic stock market continued for the fifth straight session, as rate cuts by the seven central banks and cash injections by various governments failed to stem the fall in global indices. The benchmark index Sensex opned its day on bearish note by a gap down of 696 points at 10632. Till noon, the index extended its losses by more than 1,050 points on across-the-board selling to touch the day's low of 10,240, people was thinking for a lower circut but it bounced back from that level. Lower circut level was set for Sensex @ 10196. The index however managed to erase its losses a bit and trade above 10,500 at the end of the session. After registering losses of 1,726 points in the last four sessions, Sensex plunged by 800 points or 7.07% and closed at 10527 while Nifty smashed 234 points or 6.65% to close at 3279. On weekly basis, Nifty is down 14.1%, which is the highest everfall, while Sensex is down 15.96%, second highest fall ever since December 1990. BSE Midcap and Smallcap index plunged 8.34% and 7.31% respectively
Sectoral : All the BSE sectoral indices hamared badly and finished in red. BSE Realty and Consumer Durables indcies saw the sharpest fall, down over 11% and 10.11% respectively. Only Ranbaxy (4.71%) and SBI (2.27%) were the sole gainer among the sensex stocks, while RCOM (21.02%) and ICICI Bank (19.71%) took the hardest hit and among the top losers.Remaning 28 stocks also take the hit of this raining fall. Overall market breadth was extremely negative. Out of the total 2,619 stocks traded at BSE, 382 advanced, 2,189 declined while 48 remained unchanged.
Currencies & Crude : Rupee touched an all time low of 49.17 against the dollar and closed at 48.47 . Crude Oil touched a 12 month low of $81.1 in today's trade. Earnings & Economy : Tech boys Infosys announced its Q2 results today, which were is line with market expectation. However, company cut it's full year revenue and EPS guidance by 5% in dollar terms. On a review of the evolving liquidity situation in the context of global and domestic developments, the RBI, today decided to reduce the Cash Reserve Ratio (CRR) by 150 basis points to 7.5% of NDTL with effect from the fortnight beginning Oct. 11, 2008 instead of the 50 basis points reduction announced on Oct. 6, 2008. The step will inject about Rs 600 billion in the system (instead of the injection of Rs 200 billion announced earlier). Index for Industrial Production (IIP) plunged for the month of August 2008 to stand at meagerly 1.3% as compared to 7.1% on m-o-m basis. IIP figures stood at 10.9% a year ago i.e. August 2007. Inflation for the week ended sep 27 came at 11.80% against the expectation of 12% and 11.99% seen in previous week.
Asian Markets : The BSE index, among the worst performer in Asia, fell as much as 9.6 per cent at one stage to more than half below its record high of 21,206.77 hit in January, before trimming losses on domestic institutional buying. Hang Sang down about 1146.77 points at 14796.87 . Japan Key index Nikkei 225 avarage smashed 881 points at 8276.43 , South Korea KOSPI closed at 53.42 points. Taiwan @ 5130.71 down about 75.69 points. Karachi's 100-share index was little changed at 9,181.35 on extremely thin volume. Colombo's All-share index closed down 4.39 per cent at 1,924.69. Taiwan was the outperformer among all asian market. Down only odd 1.5%. Asian stocks tumbled, driving Japan`s Nikkei 225 Stock Average to its biggest weekly decline on record, on concern the deepening credit crisis will push the global economy into a recession. The Karachi Stock Exchange board will meet on Monday to review how long to keep an artificial floor under the share market and consider establishing an exit mechanism for foreign investors.
LONDON (Reuters) - Great scenery and wildlife but financial situation in need of repair -- collect in person.Iceland, which is going cap in hand to Russia for a 4 billion euro ($5.49 billion) loan to bail out its failed banks, was offered for sale as a wholesale lot on eBay on Friday.
Bidding started at 99 pence but had reached 10 million pounds ($17.28 million) by mid-morning on Friday.
Globally renowned singer Bjork was "not included" in the sale, according to the notice, but there were nonetheless 26 anonymous bidders and 84 bids.
"Located in the mid-Atlantic ridge in the North Atlantic Ocean, Iceland will provide the winning bidder with -- a habitable environment, Icelandic Horses and admittedly a somewhat sketchy financial situation," the notice read.
Bidders' questions included: "Do you offer volcano/earthquake insurance?", "Is it possible that my payment will be frozen?", and "Will you accept C.O.D. as a form of payment?"
Subscribe to:
Posts (Atom)
