A Person Who never made a mistake never tried anything new.

Hi all, 

Yesterday i was talking about Volatility. Nifty crashed 98.90 point. Today's high was 5504 and Low of 5268. Bank Nifty made a high of 9766 and low of 9129. The current Volatility  of nifty index is 25.14. So the best thing to do in this market is derivatives. One should go for Call or Put and take a week's time.  

Cipla is about to form a Head and Shoulder pattern, so i suggest sell Cipla form current levels for the target of Rs 382 and then buy around Rs 378 -380 for the target of Rs 415. Axis bank has a support of Rs 926, from there one can think of buying it for the target of Rs 1050.00. If it breaks Rs 926 then it can go down further 5%.

Now: term of the day : Earning per share, Its the amount of earning of each outstanding share of the company.  It is also a major component used to calculate the price-to-earnings valuation ratio.


Formula: (Net income - dividend on preferred share)/Average outstanding shares.