INDIAN STOCK MARKETS

BUY RELIANCE ABOVE 1202.
TARGET 1261-1302.
STOPLOSS 1155.

SELL CRUDE MCX NOVEMBER AROUND 3670 .
TARGET 3250.
STOPLOSS 3780.

Sell Reliance Capital below Rs 683.
Stop Loss of Rs 692.
Target of Rs 672-Rs 668-Rs 659

Sell HDFC Bank below Rs 1069.
Stop Loss of Rs 1087,
target of Rs 1046.1-Rs 1039.9-Rs 1021.8

COPPER MCX:

Sell Copper MCX November AROUND 255 with stop loss of Rs 265 .

Target of Rs 240-Rs 235.

BUY RELIANCE INDUSTRIES ABOVE 1550
TARGET 1580-1603
STOPLOSS 1526

This is not a time to do bottom fishing.This is a time to protect capital therefore, waiting on the sidelines is a good way to protect it. Let this carnage be over. Support for the Nifty is at 3000-3200 and resistance is at 3760-3800 .

TRADERS CALL FOR TODAY:
State Bank of India
Sell State Bank of India below Rs 1341. Stop Loss of Rs 1387, target of Rs 1283-Rs 1266-Rs 1220.

MARKETS ARE IN PEAK OF ITS VOLATALITY.IT IS THE TIME TO KEEP OUR NERVES AND PASS THROUGH THE WORST PHASE.....
WHAT WE HAVE TO DO NOW AND WHAT ARE THE THINGS WE NEED TO AVOID NOW:
Dos and Don'ts of investing in stocks :
With the markets crashing, it is natural for you to be unnerved, but panicking will not help. Actually it's a once-in-a-lifetime opportunity to buy good stocks with strong fundamentals, but be very careful while doing so.
Don't indulge in panic selling. Stay invested, it is time to buy stocks and not sell. Since very few people can predict market movement, NEVER try to time the market.
To be on the safe side, invest in mutual funds, and don't listen to 'experts' who mushroom all of a sudden and are eager to give you formidable advice. If you are unsure about your research and is not too comfortable with your own judgement, MFs are your best bet.
TO DO:
Invest, based on sound reasoning after taking into account all publicly available information and on fundamentals.
Give clear and unambiguous instructions to your broker / agent / depository participant.
Be vigilant in your transactions. Insist on a contract note for your transaction.
Scrutinise minutely both the transaction and the holding statements that you receive from your Depository Participant.
Keep copies of all your investment documentation.

DONT'S:
Don't deal with unregistered intermediaries.
Don't fall prey to promises of unrealistic returns.
Don't invest on the basis of hearsay and rumours; verify before investment.
Don't forget to take note of risks involved in the investment.
Don't be misled by rumours circulating in the market.
Don't be influenced into buying into fundamentally unsound companies (penny stocks) based on sudden spurts in trading volumes or prices or non-authentic favourable looking articles/stories.
Don't follow the herd or play on momentum - it could turn against you.
Don't be misled by so called 'hot tips.'
Don't try to time the market.
Don't hesitate to approach the proper authorities for redressal of your doubts/grievances.
Don't leave signed blank Delivery Instruction Slips of your demat account lying around carelessly or with anyone.
Do not sign blank Delivery Instruction Slips and keep them with Depository Participant or broker to save time. Remember your carelessness can be very dangerous.

It was a terrible weak for the Indian market as the gloom from overseas continued.
The rejection of the US bailout package and FII outflows saw a near panic sell off in today's market. Experts believe all theories are being turned on their head (crude lower, inflation downtrend yet market getting battered) and the huge global slowdown is here to stay.
The dismal figures this week are:
Sensex was down 4.7%, Nifty down 4.4%. BSE Midcap index was down 4.5% and BSE Smallcap index down 6.8% over the week.
BSE Metal index was down 11.5%, BSE Oil & Gas index down 7.5%, BSE CD index down 5%, BSE Realty index down 7.1% and BSE IT Index down 3.1%.

Today's recommendation:Larsen(LT) achieved target and Ranbaxy made high of 274.75

Larsen & Toubro
Sell L&T below Rs 1200.
Stop Loss of Rs 1223.
Target of Rs 1171-Rs 1162-Rs 1139.


Ranbaxy Labs
Buy Ranbaxy Labs above Rs 271.
Stop Loss of Rs 264.
Target of Rs 295-Rs 303.

The market had a good close today despite profit booking in last hour of trade ahead of a holiday tomorrow.
(The Indian market will remain closed on October 2 on account of Gandhi Jayanti).
There was some nervousness to book profits as details of the alternate US bailout package will unfold tonight. Sensex shut shop at 13055, up 195 points and Nifty at 3950, up 29 points from the previous close. CNX Midcap index was up 0.80% and BSE Smallcap index was up 0.53%. BSE IT index was up 3.9% and BSE Bankex was up 3.2%. The market breadth was positive with advances at 772 against declines of 477 on the NSE. Top Nifty gainers included Satyam, HDFC Bank, Tata Power while losers included SAIL, L&T and Reliance Industries.


OUR TRADING RECOMMENDATION TO GO SHORT ON RELIANCE CAPITAL AT 1111 ACHIEVED LOW OF 1093.55.
KEEP VISITING THIS BLOG FOR UPDATES.

Sell Reliance Capital below Rs 1111.
Stop Loss of Rs 1132,
target of Rs 1084-Rs 1077-Rs 1056