Market updates for 24/10/2012

 

Nifty daily chart

 

 

The stale mate in Nifty has continued for 11th trading session. Nifty is again and again testing 5720 but unable to break it.In this series Nifty may expire around 5700. If Nifty closes above 5720 then the targets are 5750-5800. On the other had if it closes below 5630 expected targets are 5600-5550-5500.

 

 

Nifty medium term trend

 

Trend	UP
Initiation Date	08-07-12
Initiated at	5336
High since change	5815
Reversal if closes below	5580

 

 

Open Positions

 

Scrip	Type	Price	CMP	P/L
Nifty Nov Fut	Short	5705	5735	-30
Nifty 5700 Nov CE	Long	117	116	-1

 

 

Positions Squared off

 

Scrip	Buy Price	Sell Price	P/L
Yes Bank Fut	387	399	-12