8/4/2019 Daily Morning Update 04 Oct 2011

http://slidepdf.com/reader/full/daily-morning-update-04-oct-2011 1/2

DAILY TRADING HIGHLIGHTS & OUTLOOK  04 Oct, 11

1

MARKET OUTLOOK

The NIFTY opened the session with a negative gap on back of weak global cues. Thereafter the

index traded in a narrow range of 4825-4875 for the rest of the session. The Nifty finally closed at 4849 with a loss of 93 points.

With today’s movement the index has registered a close below its support level of 4900 levels.Going forward if the index sustain below the 4825-4800 levels then it could decline towards its

recent swing levels of 4760 /4720 levels. On the upside the index has resistances at the levels of 4900 / 4940 levels.

 A close below the recent swing low of 4720 levels would accentuate the declining momentum

towards the level of 4675 /4600 levels.

Key Levels & Averages

S&P CNX NIFTY

OPEN 4874.4

HIGH 4879.

LOW 4823.

CLOSE 4849.5

Change(pts) -93.75

Change (%) -1.90

Advanc/Decline 2:5

Total Turnover(` in cr.)

89823

INDEX  Close  Support-1  Support-2  Resistance-1  Resistance-2  8 DMA  34 DMA  200 DMA 

 NIFTY 4849 4800 4760 4900 4940 4941 5039 5491BANK NIFTY 9185 9115 9000 9260 9334 9471 9720 10754

8/4/2019 Daily Morning Update 04 Oct 2011

http://slidepdf.com/reader/full/daily-morning-update-04-oct-2011 2/2

DAILY TRADING HIGHLIGHTS & OUTLOOK  04 Oct, 11

2

Kotak Mahindra Bank CMP—` 446.80

Technical Outlook & Trading Strategy:-

The share price of Kotak Mahindra Bank has registered a head and shoulders breakdown. This is a bearish formation

and the measuring implication of the pattern suggests that the price can decline towards the levels of `420 / `410

levels. The momen tum indicators have also turned into sell mode which displays weaknes s in the counter.

Traders can look to sell at current levels with a stop loss placed above `460.60levels.

Disclaimer 

The views expressed are based purely on Technical studies. The calls made herein are for information purpose only. The information and views presented here are

prepared by Matrix Solutions and his associates. The information contained herein is based on their analysis of the Charts and up on sources that are considered reliable.

We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred based

upon it. The investments discussed or recommended on this Website may not be suitable for all investors. Past performance may not be indicative of future performance.

Some of the securities/commodities presented herein should be considered speculative with a high degree of volatility and risk. Investors must make their own

investment decisions based on their specific investment objectives and financial position and using such independent advice, as they believe necessary. You specifically

agree to consult with a registered investment advisor, which we are not, prior to making any trading decision of any kind. While acting upon any information or analysismentioned on this website, investors may please note that neither Matrix Solutions nor any person connected with him accepts any liability arising from the use of this

information and views mentioned herein. Matrix Solutions and his affiliates may hold long or short positions in the securities/commodities discussed herein from time to

time the services are intended for a restricted audience and we are not soliciting any action based on it. Neither the information nor any opinion expressed herein

constitutes an offer or an invitation to make an offer, to buy or sell any securities/commodities, or any options, futures or other derivatives related to such

securities/commodities. Part of this website may contain advertising and other material submitted to us by third parties. We do not accept liability in respect of any

advertisements. You acknowledge that any warranty that is provided in connection with any of the products or services advertised on this website described herein is

provided solely by the owner, advertiser, manufacturer or supplier of that product and/or service, and not by us. We do not warrant that your access to the Website

and/or related services will be uninterrupted or error-free, that defects will be corrected, or that this site or the server that makes it available is free of viruses or other

harmful components. Subscribers are advised to understand that the services can fail due to failure of hardware, software, and Internet connection. Access to and use of 

this site and the information is at your risk and we do not undertake any accountability for any irregularities, viruses or damage to any computer or Mobiles that results

from accessing, availing or downloading of any information from this site. We do not warrant or make any representations regarding the use or the results of the use of 

any product and/or service purchased in terms of its c ompatibility, correctness, accuracy, reliability or otherwise. You assume total responsibility and risk for your use of 

this site and site-related services. A possibility exists that the site could include inaccuracies or errors. Additionally, a possibility exists that unauthorized additions,

deletions or alterations could be made by third parties to the site. Although we attempt to ensure the integrity, correctness and authenticity of the site, it makes no

guarantees whatsoever as to its completeness, correctness or accuracy. In the event that such an inaccuracy arises, please inform our staff so that it can be corrected.

Price and availability of products and services offered on the site are subject to change without prior notice. To the extent we provide information on the availability of 

products or services you should not rely on such information. We will not be liable for any lack of availability of products and services you may order through the site.

Transactions shall be governed by and construed in accordance with the laws of India, without regard to the laws regarding conflicts of law. Any litigation or any action at 

law or in equity arising out of or relating to these agreement or transaction shall be subject to Mumbai jurisdiction only and the customer hereby agrees consents andsubmits to the jurisdiction of such courts for the purpose of litigating any such action. A CALL ON SMS is a service given only to members with the sole intention to aid

their information means. We do not guarantee any accuracy of generation, databases, delivery timings etc. while giving this facility. Depending on your location, service

provider, medium of communication and delivery, the service may be at times slow or not there at all. We do not guarantee completion of delivery. We shall in no way b e

responsible for delays in receiving SMS on the mobile caused due to delivery methods chosen by the Service Provider, rush on the Service Provider’s Servers or any other

reason whatsoever that may cause such a delay. Use of this website and its services constitutes acceptance of Di sclaimer, Privacy Policy and Terms of Use. 

TRADING RECOMMENDATIONS