EQUITY & COMMODITY MARKET UPDATES 15-10-2013

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STOCK MARKET - 15 th OCT . MARKET TREND : - Trend is positive – hold 6100 up side continue. NIFTY (SPOT) RESISTANCE: - 6142-6190 NIFTY (SPOT) SUPPORT: - 6093 -6062 BSE SENSEX : Resistance –20645 above show strength. NIFTY FUTURE : - Buy on decline hold 6100 up side towards 6175- 6200 + BANK NIFTY : - Above 10500 up side target 11000 + Future Call:- Buy ICICI Bank around 1000 _ stop loss 988 target 1030-1040 Option Call :- BUY TATASTEEL 300 PE AROUND 8 SL 6 BELOW TGT 12-14 Cash Market Call : - SELL RECLTD CASH AROUND 189.5-190.5 SL 193.5 ABOVE TGT 187-184 BELOW Investment Strategy Call : - Buy IDFC at 97 sl 94 on closing basis target 105 COMMODITY MARKET - Gold (Oct) Sell at higher level. Resistance 29000-29300 support 28500 Silver (Dec ) Sell at higher level – Resistance 49000-49500 and support 48000 Copper(Nov) Resistance 458-460 watch out. Support 440 Crude(NOv) Sell on rise… Resistance 6450-6500 remain below major weakness. Natural Gas(Nov ) Above 230 looks hot towards 240-242

Transcript of EQUITY & COMMODITY MARKET UPDATES 15-10-2013

Page 1: EQUITY & COMMODITY MARKET UPDATES 15-10-2013

STOCK MARKET - 15 th OCT . MARKET TREND: - Trend is positive – hold 6100 up side continue.

NIFTY (SPOT) RESISTANCE: - 6142-6190NIFTY (SPOT) SUPPORT: - 6093 -6062

BSE SENSEX: Resistance –20645 above show strength.

NIFTY FUTURE: - Buy on decline hold 6100 up side towards 6175-6200 + BANK NIFTY: - Above 10500 up side target 11000 +

Future Call:- Buy ICICI Bank around 1000 _ stop loss 988 target 1030-1040

Option Call:- BUY TATASTEEL 300 PE AROUND 8 SL 6 BELOW TGT 12-14

Cash Market Call: - SELL RECLTD CASH AROUND 189.5-190.5 SL 193.5 ABOVE TGT 187-184 BELOW

Investment Strategy Call: - Buy IDFC at 97 sl 94 on closing basis target 105

COMMODITY MARKET -

Gold (Oct) Sell at higher level. Resistance 29000-29300 support 28500

Silver (Dec ) Sell at higher level – Resistance 49000-49500 and support 48000

Copper(Nov) Resistance 458-460 watch out. Support 440

Crude(NOv) Sell on rise… Resistance 6450-6500 remain below major weakness.

Natural Gas(Nov ) Above 230 looks hot towards 240-242

Nickel (Nov ) Above 850 time being positive towards 880-890 then again sell side

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World Market :

The Dow Future is higher 62 points to 15237. The US Dollar Index rose 0.020 points to 80.319.Gold has gained 1.01 dollars to 1271.56. Silver is trending higher 0.1050 dollars to 21.2300. The Dow Industrials rose 64.15 points, at 15301.26, while the S&P 500 advanced 6.94 points, last seen at 1710.14.