Monday, October 15, 2012

Share Market Trend : Reliance Result Today

Share market today gave a slow start following the week Asian cues. Banking Amendment Act cleared by cabinet will be passed by notification on 30th Oct. Source north bloc. This will clear the road map of new licenses as well 26% voting rights in pvt banks. Huge plus for Karnataka Bank, Dhanlakshmi Bank, Ratnakar City, Union Bank, IFCI, Reliance Capital & Shriram City.

Stock Market Recommendations :-

Ranbaxy lab :- Ranbaxy Labs has consolidated for a long period. Investors should accumulate this stock on SIP basis on dips for good long-term growth.

Havells India :- Share price of Havells India has been consistently rallying. At a market cap of over Rs.8,000 crore, its fundamentally overvalued. Best time to book profit and exit. 

Reliance index super heavy weight, Results today :- 

Looking at options buildup before results, it is seen that bears are having positions of heavy shorts at 840-00 calls of reliance which means bears will not let reliance cross 840 futures even after results while on lower side bulls are heavy short at 800 puts which means they will not let it fall below 800 with ease

Reliance has habit of falling after results 9 out of 10 times it falls, so any bounce near 835---40 futures for risky players with stop loss of 850 fut..can be shorted But remember on results only those should play who can take risk as little data's here and there can bring much change in results, so no grumbling if you bet on results.


Posted By Commodity MCX Tips