The markets witnessed the highest volatility on f/o expiry week with nifty closing below 6000 mark in october series which indicates weakness in short term for the indices.
However stock specific activities will be on a roll and undisturbed by indices.
On the lower side strong crucial supports exists at 5930 levels on the nifty front whereas strong resistance exists around 6100 levels.
So one needs to watch the levels mentioned and use 5930 as stoploss for all longs. Now we enter into a fresh series which seems to be light in terms of cost of carry and few shorts in certain stocks.
The f/o expiry day saw a premium of 80 points in november futures preventing high rollovers of long positions while october futures remained in discount to spot.
So from a trading point of view one needs to watch the levels mentioned
Yesterday's calls sent via sms and messenger
Hindoil - buy at cmp 253.50 sl 251 targets 260 , went 274.75
Essar oil - buy at cmp 143 sl 141 targets 148 , hit sl
Nifty 6000 ce - buy at cmp 43 sl 34 targets 65 , went 86
Nifty - buy at cmp 6030 sl 6005 targets 6085 , went 6083.90
Bharti Airtel 320 ca - buy at cmp 9 sl 7.50 targets 13 , went 16
