02 November 2010

Techcheck Daily (Trend+Volatilty) time to buy Straddles/Strangles: Emkay

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Techcheck Daily
(Trend+Volatilty) time to by Straddles/Strangles

n     Chart of the Day: S&P; complete indecision but a trending move is round the corner, volatilities too could rise. buying straddles/strangles is advised
n     Nifty equilibrium around the 50% pullback level at 6110, trading range currently between 5937-6300, buying straddles/strangles is advised
n     Nifty the medium term uptrend remains intact, target 6500, hence short term dips if any can be used for buying
n     Stocks with positive short term view:
n     ACC, BioconTata Tea, Rallis, TNPL, Mercator, IIFL, ICICI Bank, Infosys
n     Stocks with negative short term view:
n     Tata Chemical, Yes Bank, BOI, BOB

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