The derivative itself is merely a contract between two or more parties. Its value is determined by fluctuations in the underlying asset. The most common underlying assets include stocks, bonds, commodities, currencies, interest rates and market indexes. Most derivatives are characterized by high leverage.
2. INDEX OPEN HIGH LOW CLOSE
NIFTY FUTURE 7842 7878 7760 7785
BANK NIFTY 16715 16798 16510 16605
INDEX R2 R1 PP S1 S2
NIFTY FUTURE 7925 7855 7807 7737 7689
BANK NIFTY 16925 16765 16637 16477 16349
NIFTY VOLUME 539788 652173 -17.23%
INDEX CURRENT PREVIOUS % CHANGE
NIFTY OI 22672600 22727800 -0.24%
BANK NIFTY OI 2432200 2539450 -4.22%
BANKNIFTY VOLUME 148261 189486 -8.42%
3. Today, Sensex closed at 25610.21 with down -11.96 point and Nifty closed at 7789.30 with up
1.20 Point, market closed flat after volatile movement during the intraday. Volatile prevailed
ahead of the forthcoming industry output and inflation data leading a barometer index of the
Indian equities to end marginally lower by 11 points on Friday.
Stock Recommendation
*******
Stock Recommendation for 14/09/2015 is Tata Motors Limited. In today’s trading session it
was down -2.78%. Its long term trend is down. Parabolic SAR & RSI have also selling
confirmation. So our selling level is below 344 & our target is 338 & 332 in tomorrow. Our
stop loss is 350; the entire indicator is suggesting that one can go for short position in the
stock at below 344 levels. Our Recommendation on TATAMOTORS sell below 344 for 1st
target 338 and 2nd
Target 332 with stop loss level 350.
4. SYMBOL
SBIN 230.50 1.34 BHEL 210.30 -3.11
-
BPCL 854.40 1.75 CAIRN 145.85 -3.73
HDFC 1176.65 1.20 TATAMOTORS 343.60 -2.97
WIPRO 559.00 1.25 TATASTEEL 233.05 -2.98
ASIANPAINT 816.50 1.06 VEDL 97.25 -2.51
CLOSE
PRICE % CHANGE SYMBOL
CLOSE
PRICE % CHANGE
SYMBOL STRIKE
RATE
OPEN HIGH LOW CLOSE
INFY CE 1100 24.75 32.50 21.00 23.50
SBIN CE 240 5.70 6.60 4.80 5.60
ASHOKLEY CE 90 3.55 4.50 2.80 3.00
RELIANCE CE 900 10.15 11.50 7.00 7.00
ASHOKLEY CE 95 1.75 2.40 1.40 1.50
6. The information contained here was gathered from sources deemed
reliable however; no claim is made as to accuracy or content. This does
not contain specific recommendations to buy or sell at particular prices
or time, nor should any examples presented be deemed as such. There is
a risk of loss in equity trading and you should carefully consider your
financial position before making a trade. This is not, nor is it intended, to
be a complete study of chart patterns or technical analysis and should not
be deemed as such. Money Classic Investment Advisors does not
guarantee that such information is accurate or complete and it should not
be relied upon as such. Any opinions expressed reflect judgments at this
date and are subject to change without notice. For use at the sole
discretion of the investor without any liability on Money Classic
Investment Advisors.
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