14th OCTOBER NIFTY VIEW.

After a stable opening Nifty Future saw a sustained rise through out the day, and crossed the previous high to make a new high at 6281 and closed at 6274 - near the high of the day. The rise was led by Infosys, Relaince, SBI and many front line stocks. With strong US markets, strong opening tomorrow is a forgone conclusion.

Tomorrow, on higher side, Nifty Future will face resistance at 6320, 6360 and major resistance at 6400. Normally, previous top is a good level for the market to take a pause and retrace, but considering the overall bullishness, I will not be surprised if conventional wisdom is kept aside - even if temporarily. Just the way Nifty Future went up today by over 2%, even after lower IIP numbers were declared yesterday. With quarterly results season on, we have to see whether this provides further fuel to the fire or punctures the rally - only time can tell.

Nifty Future will get weak only when it trades below previous high of 6250, and short position should be taken with stop loss of the new high.

All the best.

BUY KFA

BUY KFA @ 81 SL 79.5 TARGET 83-86-89

KFA 80 CA ALSO GOOD BET.

BUY HOTELEELA.

HOTELEELA BUY @ 58 TARGET 60-62-65

BUY EVERY DIP .. BIG UPMOVE ON CARD.

BUY NIFTY OCT PE

BUY NIFTY OCT 6100 PE @ 30-35 TARGET 45-60-80-100 SL 20 or NIFTY sport 6280.

NIFTY OCT 6200 PE @ 60 SL 45 TARGET 80-100-130

PRAJIND

PRAJIND 75 CA @ 2.5-3 SL 1.8 TARGET 4-6-8-10

13th OCTOBER NIFTY VIEW.

Sorry 4 the late view.

NIFTY RESIS LEVEL 6225 .

above 6225 .....short covering will start ... Nifty fut target 6275-6375

go short at higher levels with strict stop loss of 6250.