SHORT TERM TRADES: YES BANK, HDFC, UNITED PHOSPHORUS, BATA

YES BANK:

1. BUY at cmp 315
2. Keep a stop loss at 285 closing basis
3. Targets are 320, 327, 333, 338, 345, 350
4. 2-3 weeks

ALL TARGETS HIT BY 11/10/2013

HDFC:

1. BUY at cmp 798
2. Keep a stop loss at 765 closing basis
3. Targets are 803, 808, 812, 818, 824, 830, 835
4. 4 weeks

ALL TARGETS UPTO 818 HIT BY 8/10/2013

UNITED PHOSPHORUS:

1. BUY at cmp 153
2. Keep a stop loss at 135 closing basis
3. Targets are 157, 160, 162, 165, 167.
4. 4 weeks

TARGET 157 HIT ON 17/10/2013
ALL TARGETS HIT BY 1/11/2013

BATA INDIA:

1. BUY at cmp 861
2. Keep a stop loss at 820 closing basis
3. Targets are 867, 873, 879, 885, 892, 895
4. 4-5 weeks

ALL TARGETS UPTO 879 HIT BY 10/10/2013
ALL TARGETS HIT BY 14/10/2013

Last week, I had opined that NIFTY would see volatility, but despite all the noise about 5500 being visited, would take support in the 5700-5750 zone. Thankfully, it did.

Consequently most of our trading calls of last week on CENTURY TEXTILES, TATA MOTORS, TATA STEEL, BHEL, ZEE etc have done well.

The coming week is likely to be volatile again, we have to see whether 5900 holds or not. Even more importantly, the downside levels of 5841 and 5790 need to be watched carefully. As of now, the bias seems to be mildly positive and a resolution of the US shutdown could give us direction. Then the US debt ceiling issue needs to be resolved by 17/10/2013. So cues galore in the coming two weeks. My gut feel, for whatever it is worth, at the moment still points towards a 5700 - 6020 range for the next two weeks. Intraday Volatility, as I said earlier, would also be in evidence.

Fingers crossed, as always.

TO SEE LAST WEEKS CALLS AND HOW THEY FARED CLICK HERE

TO SEE ALL EARLIER CALLS, CLICK HERE