November 1, 2013

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On the previous trading day the NIFTY closed at 6299 up 48 points. High for the day was 6309 and the low for the day was 6236. Total range for the day was 73 points. Today Nifty opened at 6289 minus 10 points. High for the day till 9:47 am is 6332 and low is 6286. Sensex touches new high. Every one on TV is delighted. But a common investor will be happy when his shares will rise. 

Today's Intraday Calls:

• Sold INFY 3305 S L 3317 9:47 am
• Bought M&M 887 S L 879 10:50 am
• Revise S L in INFY 3309 10:50 am
• Revise S L M&M 887 11:05 am
• Sold AXISBANK 1220.50 S L 1228 11:20 am
• Sold M&M 898 11:24 am

All mid cap bank are moving up. You may remember my post on October 22. 

• Revise S L in INFY to 3297 12:26 am 
• S L hit in AXISBANK

Dow future is up 38 points and Euro zone futures are up 2-10 points. Here you can find more detail on world market futures.  Mid cap banks and other mid cap shares are moving up.

• Sold TATASTEEL 336.50 S L 338.70 1:33 pm 
• Bought INFY 3282 2:29 pm
• Bought TATASTEEL 335.80 3:12 pm
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Nifty is moving no where. I think they have planned the new high for Nifty on Diwali Muhurat Trading. The best way to play with our sentiment is to make a new high on the day which is auspicious for us.

All the beaten down psu banks were leading. Monday is a holiday. We will meet on October 5. HAPPY DIWALI to all of you. 

I have closed all the Intraday trades. The BTST for the day is NIFTY for the muhurat trading. STBT for the day is none