Hello Guys hope you enjoyed the weekly recommendations posted by Namit and Myself.. Hope all of you made handsome profits.

Option calls of Hindalco was on fire and it almost double (Recom @4.10 CMP 7.95 ).. Hold onto HCC and ONGC calls.

Market Outlook for week starting 14 Sept 2009
For coming week keep watch on banking stocks. All the banking stocks would be on fire.

Nifty and Sensex views:
If Sensex manages a close above 16329, then one can expect a Sensex target of 17265-17737.
Nifty can achieve a target of 5103-5321 as long as the Nifty does not breach the support of 4665.

For the week ahead Nifty will face resistance at 4889-4957-5019 and support will be at 4761-4665-4576.

As Namit rightly said, people are very very cautious in the market this time and so market is bound to be volatile. maintain strict SL to all your trade.

Weekly positional calls for coming week
Buy Lakshmivilasbank @108 SL 104 target 120
Buy Dhanlakshmi bank @159 SL 150 target 174
Buy Federal bank @232-234 SL 225 target 242
Buy SBI @1920 SL 1871 target 1974
Buy IOC @94 SL91 target 100
Buy Bank of maharashtra @42 SL 40 target 46

One Risky option call for coming week
Buy Tata motors 560 CA Sept @20 SL 16 target 28-34.
Hold HCC 110 CA and ONGC 1170 CA
Guys please adhere to SL very strictly and exit options if SL is triggered

Happy trading.. All the best!