31-01-2014 MARKET:

MARKET TREND:

Yesterday market played its last day (derivatives session) play.   Last series of Nifty has left us weak signals by taking the market to near lows, low breadth by hitting Bulls and giving good package to Bears.    But only plus point is still FIIs are at long side to hold the present levels.    As the new series premium has to be settled to normal, coming 2 days we can see the normal trades and there after stock specific action will be started on vote on a/c budget.    Infra stocks likely to be in lime lite as the budget news/projections releases.  If the media is pro-active on political news, it may be over drive the sentiment and invite more volatility.  Unless Nifty closes above 6120 up trend can't be viewed.   Yesterdays Candle is Trend Reversal candle is the hope of ray to Bulls,  if the Nifty Spot hit the 6130 it will be Booster to Bulls, if the Nifty breaches 5970 it will be booster to Bears to the market further lows. 

Today market likely to be subdued due to peer Asian markets holiday, week end and new series session.    Day traders can be stock specific than Indices. NIfty likely to get support yesterdays lows of 6027.

MARKET SPOT LEVELS:
Pivot: 6061
Resistance: 6095/6116/6151
Support: 6039/6005/5980

NIFTY FnO BAN: NIL

STOCKS FOR DAY: (delivery basis)
dabur, glenmark, bhel, irb, opto, hdfc, patni

30-01-2014 MARKET:

MARKET TREND:

MARKET IS IN CROSS ROADS.  OUR DOMESTIC RESULTS ARE GOOD, EUROPE & US ECONOMY TURNED BETTER THAN EARLIER. MOST OF COUNTRIES FEEL THE PRESENT STATUS IS ECONOMIC BOTTOM  ARE CONFIDENT ABOUT THEIR ECONOMY GROWTH FROM HERE, THEY STARTED CALIBRATION OF THEIR ECONOMIES.  US STARTED TAPERING BY INITIATING GRADUAL PULL BACK OF BUFFERS, WHICH THEY HAVE EXTENDED AT NEED OF THE ECONOMY.  THIS BECOME ISSUE FOR INVESTORS AND FINANCIAL / CORPORATE INSTITUTES.

IN OUR STOCKS MARKET WE ARE ARE OBSERVING : OVER SOLD OF HIGH BETA STOCKS ALONG WITH MONEY VOLUMES.  THIS INDICATE, DAY/POSITIONAL TRADERS AND HNIs ARE AT SELLING SIDE AND POSITIONAL / INSTITUTIONAL INVESTORS & PROMOTERS ARE HOLDING THEIR STAKES WITH POSITIVE HOPE.  THIS IS REASON TECHNICALLY WE SEE OVERSOLD IN VALUE INDICATORS AND DOWN SIDE IN MOVEMENT INDICATORS EVEN THOUGH VOLUME INDICATORS LIKE RSI IS NOT IN OVERSOLD RANGE.   AS MOST OF THE PEOPLE ARE NOT CONFIDENT ABOUT POSITIVE BUDGET (ECONOMY) AND THEY ARE EXPECTING POPULAR SCHEMES (DUE TO IN COMING ELECTIONS) AND STABILISED GOVT. IN DELHI,  MOST OF LONG TERM INVESTORS ARE IN FAVOR OF DEBIT MARKET AND TO ENJOYING GOVT. SIMULATIONS IN THIS SEGMENT.

TODAY MARKET MAY OPEN WITH NEGATIVE BIAS IN LINE WITH PEER MARKETS AND OUR SGX NIFTY.  THERE AFTER OUR DERIVATIVES SETTLEMENT WILL INVITE VOLATILITY.   SINCE FIIs ARE IN BUYING SIDE (AS THEY DO  NOT HAVE OPTION TO TAKE AWAY THEIR INVESTMENTS) NIFTY LIKELY TO CLOSE IN BULLISH TREND.   WE EXPECT NIFTY AFTER TESTING IT NEAR TIME LOW (6085) OR SUPPORT LINE (6070) LEVEL, NIFTY MAY CLOSE AROUND 6170. UNLESS NIFTY CLOSES > 6240/6250 FOR 2 DAYS AT LEAST, NIFTY CAN'T ESTABLISH ITS UPTREND:

NIFTY SPOT LEVELS:
Pivot: 6133
Support: 6096/6072/6035
Resistance: 6157/6194/6218

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
Movement play of NIFTY better option, or should go for average of holdings.

29-01-2014 MARKET:

MARKET TREND:

YESTERDAY MARKET HAS MOVED AS PER OUR EXPECTATIONS.   EVEN THOUGH RBI SURPRISED WITH RATE EFFECT, TRADERS HAVE NOT MUCH PANICKED AND RATHER THEY WENT FOR VALUATION OF THEIR PORTFOLIOS.   AFTER LONG TIME, DIIs HAVE BOUGHT GOOD VOLUME OF STOCKS AND PUT THE BREAK FOR SLIDING OF NIFTY.  TOO MUCH DECLINE IN OI (ALMOST 45%) AND LOOSING 180 PTS. FROM LAST ONE WEEK, IS DUE FOR RECOVERY.  BUT AS ALMOST CORPORATE RESULTS ARE AT END,  RECENT GOVT. AGENCIES ACTIONS RBI RATE INCREASE, SEBI'S FPI ACTION AND INCOMING BUDGET SESSIONS WILL KEEP THE SHORT TERM INVESTORS AWAY FROM TRADE.

TODAY MARKET MAY OPEN FLAT AND MAY WITNESS RANGE BOUND MARKET TO MEET TOMORROW'S DERIVATIVE SESSION CLOSING.   YESTERDAYS HIGH MAY ACT AS RESISTANCE.

NIFTY SPOT LEVELS:
Pivot: 6125
Resistance: 6165/6203/6242
Support: 6087/6045/6010

NIFTY FnO BAN:
HDIL
RANBAXY

28-01-2014 MARKET:

MARKET TREND:

WEAK WORLD INDICES, WEAK RUPEE AND RBI GOVERNOR'S COMMENTS TOGETHER HAVE GIVEN US BLACK MONDAY.  DUE TO HUGE GAP DOWN,  WEAK TRADERS (FINANCIALLY) MIGHT HAVE FORCED TO BOOK LOSS AND STRONG (FINANCIAL STRENGTH) TRADERS HAVE WENT FOR ROLL OVER ALONG WITH HEDGE.  THIS IS REASON WE HAVE WITNESSED GOOD VOLUME OF PLUS IN OPTIONS SEGMENT AND SELLING IN PRESENT SERIES OF DERIVATIVES & IN EQUITY SECTION.  SO FAR NIFTY HOLDS ABOVE 6100 LEVEL ANY POSITIVE NEWS FROM RBI OR FROM OTHER SOURCES, MARKET WILL TAKE AS AN OPPORTUNITY FOR SHORT COVERAGE or TO AVERAGE THEIR HOLDINGS.

TODAY MARKET MAY OPEN WITH NEGATIVE BIAS/FLAT AND WAIT FOR RBI ANNOUNCEMENT AND THERE AFTER INCREASE ITS VOLATILITY.   UNLESS NIFTY CLOSES ABOVE 6220/6240 BULLS WILL BE NOT CONFIDENT FOR MARKET UPTREND, WE MAY WITNESS SELLING AT EVERY HIGHS TILL 6250.  FOR DAY TRADERS WITH 6080/6050 SL CAN COVER THEIR SHORTS OR AVERAGE THEIR HOLDINGS.

NIFTY SPOT LEVELS:
Pivot: 6151
Resistance: 6172/6210/6231
Support: 6114/6093/6055

NIFTY FnO BAN:
APOLLOTYRES
HDIL
RANBAXY

STOCKS FOR DAY:
RELIANCE INFRA EQ: SELL < 382 TRG 370 SL389
ADANI ENT EQ: SELL < 240.50 TRG 232 SL 245
GLENMARK EQ: BUY > 530 TRG 549 SL 515

27-01-2014 MARKET:

MARKET TREND:

FRIDAY MARKET WAS WITNESSED SELL OFF RIGHT FROM THE MORNING AT EVERY HIGHS BY UTILISING THE MARKET VOLATILITY.   NONE OF THE GLOBAL MARKETS HAVE SUPPORTED AND MOVED IN SAME DIRECTION.   THIS INDICATE SHIFTING OF ASSET CLASS OR CALIBRATION OF THEIR INVESTMENTS.    TRADERS MAY BE CAUTIOUS TODAY TO DIGEST YESTERDAYS FALL AND TO UNDERSTAND THE EFFECT OF TOMORROWS' RBI MOVE.   SINCE OVER ALL SENTIMENT IS WEAK (TECHNICALLY AND MOVEMENT WISE) POSITIONAL TRADERS AND SHORT TERM TRADERS/INVESTORS ARE LIKELY TO GO LONGS AT LOWER SIDE.    SINCE OUR NIFTY DERIVATIVES RANGE IS IN TACT BETWEEN 6200-6500, OUR TRADERS MAY TRY TO EN-CASH THE POOR SENTIMENT AND GO FOR LONG FROM ITS MARKET LOWS.

TODAY OUR MARKET LIKELY TO OPEN NEGATIVE IN LINE WITH PEER MARKETS.   DAY TRADERS CAN GO LONG or COVER THEIR OPENING SHORTS AT 6200/6220 LEVEL WITH 6190/6175 SL ON HOLDING BASIS FOR A DAY OR TWO.

NIFTY SPOT LEVELS:
Pivot: 6287
Resistance: 6320/6355/6380
Support: 6240/6220/6175

NIFTY FnO BAN:
AURBINDO
APOLLOTYRES
RANBAXY

STOCKS FOR DAY:
DHFL EQ: SELL < 235 TRG 224 SL 240
YESBANK EQ: SELL < 350 TRG 342 SL 355
REL CAPITAL EQ: SELL < 341 TRG 337 SL 345
NMDC EQ: BUY > 142 TRG 145 SL 140.50

24-01-2014 MARKET:

MARKET TREND:

YESTERDAY MARKET COULD NOT GET VOLUMES BREAK, EVEN THOUGH NIFTY SUPPORT SHIFTED TO 6300 LEVEL.  FIIs ARE AT LONG IN EQUITY BY PROTECTING THEIR LONGS WITH DERIVATIVES.    MARKET BREADTH IS IN MINUS EVEN MARKET CLOSED IN GREEN.  PEER MARKETS ARE ALSO NOT IN SUPPORTIVE FOR ALMOST ALL THE DAY. TRADERS COULD NOT GO LONG OR COVER THEIR SHORTS IN FULL.  MID CAP AND SMALL CAP HOLDERS WENT ON PROFIT BOOKING AS THEY ARE NOT YET CONVINCED FULLY ABOUT MARKET'S UP MOVEMENT.   

TODAY MARKET MAY OPEN WITH NEGATIVE BIAS AND LIKELY TO GET SUPPORT AT 6300/6320 LEVEL.  DAY TRADERS CAN GO LONG WITH 6300 SL FOR POSITIVE CLOSE.  SINCE TODAY IS WEEK END STRICT SL TRADES ARE ADVISABLE TO MINIMISE THEIR TRADE COSTS.

NIFTY SPOT LEVELS:
Pivot: 6339
Resistance: 6362/6378/6402
Support:: 6322/6300/6280

NIFTY FnO BAN:
AURBINDO
APOLLO TYRES

STOCKS FOR DAY:
JAIN IRRIGATION EQ: SELL < 67 TRG 64 SL 69
ADANI ENT EQ: BUY > 252 TRG 262 SL 248
GAIL EQ: BUY > 349 TRG 355 SL 344
WIPRO EQ: BUY > 574 TRG 583 SL 569

23-01-2014 MARKET:

MARKET TREND:

YESTERDAY NIFTY HAS GIVEN SIGNAL OF SHORT TERM UPTREND.   DERIVATIVES OI RANGE ALSO HAS BEEN INCREASED TO 6200-6500.   BUT 6400 CE AND 6200 PE ARE MORE ACTIVE.   THESE ALL INDICATE, BEARS CANT HOLD THEIR SHORTS FOR LONG AND MAY FORCE SHORT COVERAGE ONCE NIFTY CROSSES 6350 LEVEL.  WE ALSO MAY WITNESS MORE VOLATILITY MORE THAN PREVIOUS WEEK.   IN COMING TRADES, 6425 MAY ACT AS RESISTANCE FOR NIFTY AND ONCE THIS LEVEL BROKEN, WE CAN GET NEW HIGH FOR THE YEAR.

TODAY MARKET OPEN FLAT AND ONCE IT SUSTAIN PIVOT LEVEL, SHORT COVERAGE CAN WITNESS.   DAY TRADERS CAN GO LONG WITH 6325 SL FOR TARGET OF 6350/6365.

NIFTY SPOT LEVELS:
Pivot: 6325
Resistance: 6363/6387/6425
Support: 6300/6262/6238

NIFTY FnO BAN: AURBINDO & APOLLOTYRES

STOCKS FOR DAY:
HDFC EQ: BUY > 840 TRG 848 SL 833
BHARATFORGE EQ: BUY > 347 TRG 350 SL344
ICICIBANK EQ: BUY > 1082 TRG 1095 SL 1074

22-01-2014 MARKET:

Tuesday, January 22, 2014

MARKET TREND:

YESTERDAY MARKET HAS MOVED AS PER OUR EXPECTATIONS.   FORMING RED CANDLE EVEN FOR POSITIVE CLOSING MARKET INDICATE AS: CASH FLOWS ARE LOWER BY ACCUMULATING AND COVERAGES OF SHORTS (SHIFTING OF STRIPS).  MAY VOLUMES ARE NOT ENOUGH FOR BEARS TO GO FOR PROFIT BOOKING.  TODAY ALSO WE MAY SEE CONSOLIDATION.   NIFTY DERIVATIVES ARE FACING RESISTANCE AT RECENT HIGH AND OI ALSO IS NOT SUPPORTIVE, IT IS BECOME IMPORTANT TO MARKET TO CLOSE THE NIFTY ABOVE 6340/6350 TO ESTABLISH POSITIVENESS.

TODAY NIFTY MAY OPEN WITH NEGATIVE BIAS IN LINE WITH PEER MARKET AND PLAY RANGE BOUND TILL EUROPE MARKET OPENS.   DAY TRADERS CAN GO LONG AT LOWER LEVEL (AROUND 6300) FOR POSITIVE CLOSING WITH 6280 SL.

NIFTY SPOT LEVELS:
Pivot: 6314
Resistance: 6330/6346/6363
Support: 6297/6280/6265

NIFTY FnO BAN: AURBINDOPHARMA

STOCKS FOR DAY:
TATACOMM EQ: BUY > 305 TRG 310 SL 302
REL.CAP EQ: SELL < 347 TRG 345/342 SL 351
TATAMOTORS DVR EQ: BUY > 197 TRG 201 SL 193
APOLLOHOSP EQ: BUY > 942 TRG 954 SL 935

21-01-2014 MARKET:

MARKET TREND:

YESTERDAY MARKET  PLAYED AS PER THE MUSIC OF NEWS FLOWS.    WE HAVE WITNESSED CASH SHIFTING FROM PROFIT EARNED TO PROFIT EXPECTED STRIPS.   AS THE YESTERDAY VOLUMES ARE NOT ENOUGH TO FILL MATURITY LEVELS, WE CAN SEE SOME MORE ACCUMULATION AT PRESENT LEVEL.  TILL NIFTY CLOSES ABOVE 6340 LEVEL WE MAY WITNESS RANGE BOUND TRADES.  TODAY IF NIFTY NOT CLOSES ABOVE 6340/6350 LEVEL, NIFTY MAY EN-COUNTER  RESISTANCE AND PUT PATH FOR DOWNWARDS.

TODAY MARKET MAY OPEN WITH POSITIVE NOTE AND GET PLAY RANGE BOUND.   TODAY MARKET IS NOT A MARKET TO GO FOR SHORTS.   DAY TRADERS CAN WAIT FOR S1 LEVELS AND GO LONG FOR SMALLER MARGINS.

NIFTY SPOT LEVELS;

Pivot: 6285

Resistance: 6326/6350/6390

Support: 6262/6220/6198

NIFTY FnO BAN: NIL

STOCKS FOR DAY:

ITC EQ: BUY > 327 TRG 333 SL 323

NMDC EQ: SELL < 143.75 TRG 139 SL 146

WIPRO EQ: BUY > 568 TRG 583 SL 558

HEROMOTORS EQ: BUY > 2082 TRG 2102 SL 2065

20-01-2014 MARKET:

MARKET TREND:

FRIDAY MARKET WAS DOWN WITH MOST OF THE DAY TECHNICAL LIKE BREADTH AND WEAK OPENING.   BUT IT HAS RESPECTED 20DMA ON DAILY BASIS AND NULLIFIED ALL THE FUTURES PREMIUM.   DERIVATIVES RANGE HAS BEEN SHRINK TO 6200-6300 LEVEL. THESE ALL INDICATE AS WE ARE GOING TO WITNESS RANGE BOUND MARKET IN NARROW RANGE.  SINCE NO TRIGGERS ARE AVAILABLE FOR RECENT MOVE, MOSTLY MARKET MAY MOVE WITH NEGATIVE BIAS ONLY.   SINCE THIS IS RESULTS TIME SELECTIVE STRIPS MAY BE APPRECIATED OR PUNISHED AS PER THEIR RESULTS AND FORECASTS.

TODAY MARKET MAY OPEN WITH NEGATIVE BIAS IN LINE WITH PEER MARKETS.  NIFTY MAY GET SUPPORT AT 6180/6220 LEVEL. DAY TRADERS CAN GO LONG AT 6200 LEVEL WITH 6180 SL FOR TARGET OF 6240/6250.

NIFTY SPOT LEVELS:
Pivot: 6278
Support: 6230/6185/6148
Resistance: 6310/6359/6391

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
HDFC EQ: SELL < 845 TRG 830 SL 855
DIVIS EQ : SELL < 1272 TRG 1255 SL 1287
CAIRN EQ: BUY > 324.50 TRG 326.50/328 SL 321
REL CAP EQ: BUY > 334 TRG 338/343 SL 331

17-01-2014 MARKET:

Thursday, January 16, 2014

17-01-2014 MARKET: (SEND REQUEST TO roaringstocks@rediffmail.com TO GET REGISTER AS FREE VISITORS)

MARKET TREND:

YESTERDAY MARKET WAS A DAY OF CONSOLIDATION.   AS TRADERS DO NOT HAVE BULLISH CONVICTION, AT HIGHER LEVEL POSITIONS COVERAGE HAS TAKEN AND ITS RESULTED LOWER BREADTH. NOW  MARKET IS LINGERING BETWEEN THE RANGE OF 6250-6340 RANGE.  UNLESS MARKET CLOSES BEYOND THESE LEVEL, MARKET DIRECTION CAN'T BE INDICATIVE.    MARKET LONG TERM VIEW IS NOT BULLISH AND QTR EARNINGS ARE ATTRACTIVE (SO FAR) MARKET HAS BECOME RANGE BOND.   STOCK SPECIFIC MOVEMENT WILL BE MORE THAN INDICES MOVEMENT, AS ALL POLITICAL PARTIES ARE GETTING PREPARE FOR ELECTIONS, MANY NEWS LIKELY TO FLOAT ALONG WITH ECONOMIC SURVEYS AND BUDGET EXPECTATIONS.

TODAY MARKET LIKELY TO OPEN FLAT WITH NEGATIVE BIAS AND MAY TRY TO TEST YESTERDAYS HIGH AND MAY CLOSE NEGATIVE POINTS.

NIFTY SPOT LEVELS:
Pivot: 6322
Resistance: 6345/6370/6390
Support: 6295/6275/6250

NIFTY FnO BAN: FRL

STOCKS FOR DAY:
RELCAP EQ: SELL < 348 TRG 342 SL 351
BHARATFORGE EQ: BUY > 345 TRG 354 SL 339
GODREJIND EQ: BUY > 288 TRG 295 SL 283

16-01-2014 MARKET:

MARKET TREND:

YESTERDAY MARKET HAS GIVEN PULL BACK AND HOLD AT TREND LINE BY TAKING THE TRIGGER FROM INFLATION DATA.   IF THE NIFTY OPENS TODAY ABOVE 6320 LEVEL, 6340/6360 CAN BE SMALL RESISTANCE AND IF IT PASSES, NIFTY MAY TEST 6415/6420 LEVEL WHICH IS PREVIOUS HIGH.    SINCE FIIs ARE AT LONG IN EQUITY SEGMENT THAN THEIR DERIVATIVE SECTION, TODAY AT HIGH THEY MAY PROTECT THEIR EQUITY WITH DERIVATIVES, WHICH OBVIOUSLY FORCE THE NIFTY TO CONSOLIDATION. 

TODAY MARKET LIKELY TO OPEN WITH FLAT TO POSITIVE NOTE AND WITNESS CONSOLIDATION.

NIFTY SPOT LEVELS:

Pivot: 6304

Resistance: 6342/6364/6402

Support: 6280/6240/6220

NIFTY FnO BAN: NIL

STOCKS FOR DAY:

ALLBANK EQ: BUY > 96.50 TRG 98/99 SL 95

 JINDALSAW EQ: BUY > 60.50 TRG 62.50/64 SL 59.50

BHARATFORGE EQ: SELL < 339 TRG 329 SL 345

 

15-01-2014 MARKET:

 

WISH YOU HAPPY PONGAL

MARKET TREND:

YESTERDAY MARKET PLAYED AS PER OUR EXPECTATIONS.   SINCE VOLUMES ARE VERY LOW COULD NOT TAKE THE DIRECTION.   UNLESS VOLUMES BREAK OR CLOSES ABOVE 6320 MARKET WILL BE IN THESE RANGE ONLY. TODAYS' WEEKLY DATA MAY BE A TRIGGER TO BREAK THE LEVELS OF 6200-6300.

TODAY MARKET LIKELY TO OPEN FLAT AND TAKE DIRECTION.  DAY TRADERS CAN GO SHORT AT HIGHER LEVEL WITH 6320 SL.

NIFTY SPOT LEVELS:
Pivot:  6252
Resistance: 6270/6298/6316
Support: 6220/6205/6180

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
SUBROS EQ: BUY > 29 TRG 30.50/31.25 SL 28
PATEL ENG EQ: BUY > 60.30 TRG 63 SL 58.75
COALINDIA EQ: SELL < 290 TRG 285 SL 294
HEXAWARE EQ: BUY > 143 TRG 146 SL 140

14-01-2014 MARKET:

 

LET US COOK TOGETHER, TO ENJOY PONGAL (HARVEST FESTIVAL)

 MARKET TREND:

FRESH WEEK HAS STARTED WITH JERK.  IN MATHS AS WE ALL KNOW, 2 MINUS VALUES or 2 PLUS VALUES CAN ENHANCE IT VALUES.   BUT IN STOCKS MARKET NOW A DAYS,  MANY MINUS POINTS ARE BECOMING PLUS TO MARKET.   YESTERDAY WE HAVE WITNESSED THE SAME AND  WE HAVE TO SEE HOW FAR IT WILL SUSTAIN OR IT WILL LOST. 

  

YESTERDAY MARKET HAS LEFT WITH POOR VOLUMES AND VOLUME INDICATORS, BUT MOVEMENT INDICATOR HAVE BEEN TURNED POSITIVE.  MARKET BREADTH IS BETTER THAN FRIDAY AND DECLINES ARE MORE THAN ADVANCES, WHICH INDICATE THAT MID CAP AND SMALL CAP STOCKS ARE AT PROFIT BOOKING.   SINCE NIFTY HAS RESPECTED 6140 (FIBONACCI SUPPORT LEVELS) FOR 4 DAYS IN CONTINUATION, MOST OF THE TRADERS ARE FORCED TO BOOK THEIR SHORTS, IRRESPECTIVE OF POOR INDICATORS FROM PEER MARKETS.

TODAY MARKET MAY OPEN WITH NEGATIVE IN LINE WITH PEER MARKETS & OUR SGX NIFTY.   BUT NIFTY LIKELY TO GET SUPPORT AT 6200 LEVELS  DAY TRADERS CAN GO LONG AT 6200 LEVEL WITH 6180 SL FOR TARGET OF 6250/6280.   6310/6320 LEVEL COULD PLAY AS RESISTANCE TILL IT CLOSES ABOVE 6320 LEVEL FOR A DAY OR TWO.

NIFTY SPOT LEVELS:

Pivot: 6250

Resistance: 6310/6350/6400

Support: 6210/6151/6110

NIFTY FnO BAN: NIL

STOCKS FOR DAY:

ADANIPORT EQ: SELL < 145 TRG 141 SL 148

ONGCE EQ: BUY> 289 TRG 292/294 SL 286

HDFC EQ: BUY > 814 TRG 826 SL 805

BHARAT FORGE EQ: BUY > 344 TRG 352 SL 337

13-01-2014 MARKET:

MARKET TREND:

FRIDAY NIFTY HAS GIVEN INDICATION OF HIGHER VOLATILITY.  MARKET BREADTH ALSO IS POOR.  EVEN 4TH DAY IT HAS CLOSED IN RED IRRESPECTIVE OF GOOD RESULTS BY INFY AND RIL SUPPORT.   FRIDAYS' ECONOMIC DATA ALSO DISAPPOINTING, WHICH HAS ANNOUNCED AFTER FRIDAY MARKET RESULTS.  US DATA AND NEWS ALSO NOT FAVORABLE TO SERVICE SECTOR.   SINCE US GOING TO RELAX IRAN SANCTIONS PARTIALLY, OIL AND MOTOR SECTOR MAY GET MORAL SUPPORT.  THESE ALL FACTORS INDICATE MARKET IS GOING TO BE STOCKS SELECTIVE BASED ON RESULTS ANNOUNCEMENT.   TODAY EXIDE AND RIIL GOING TO ANNOUNCE THEIR QTR. RESULTS.

TODAY MARKET LIKELY TO OPEN FLAT IN LINE WITH PEER MARKETS. EVEN NIFTY OPENS GREEN, LIKELY TO GET RESISTANCE AT 6220/6230 LEVEL.   SINCE VOLATILITY IS HIGH, DAY TRADERS CAN TRADE WITH PE/CE TO MINIMISE THEIR TRADING COST.   BUYING 6200PE AT RESISTANCE LEVEL CAN GIVE GOOD RETURNS.

NIFTY SPOT LEVELS:
Pivot: 6183
Resistance: 6227/6283/6327
Support: 6127/6083/6028

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
FRL EQ: SELL < 84 TRG 80 SL 87
INDINFOLINE EQ: SELL < 66.50 TRG 64 SL 68
ITC EQ: BUY > 320 TRG 326 SL 316
ZEEENT EQ: BUY > 293 TRG 300 SL 288

10-01-2014 MARKET

MARKET TREND:

YESTERDAY MARKET MOVED AS PER OUR EXPECTATIONS AND CLOSED FLAT AFTER TESTING IT SUPPORT LEVEL OF 6140.  TECHNICALLY MOVEMENT INDICATORS AND BREADTH IS IN NEGATIVE AND  VOLUME INDICATORS ARE IN POSITIVE.   EVEN THOUGH FIIs FIGURES ARE IN NEGATIVE, MOST OF THE LARGE CAP STOCKS LIKE RIL, NTPC AND ONGC LIKE STOCKS HAVE CLOSED WITH POSITIVE NOTE.   THIS INDICATE MOST OF THE TRADERS/SHORT TERM INVESTORS ARE AT SHORT COVERAGE OR HAVE TAKEN NEW POSITIONS.   SINCE TODAY'S MOST OF THE ECONOMIC DATA LIKELY TO ANNOUNCE AFTER THE MARKET HOURS MARKET LIKELY TO MOVE WITH EXPECTATIONS.   ALSO INFY RESULTS ALSO ADD THE INFLUENCE TO TRADERS AND INCREASE VOLATILITY.

TODAY MARKET LIKELY TO OPEN WITH NEGATIVE NOTE IN CONTINUATION TO YESTERDAYS SPELL.  NIFTY LIKELY TO GET SUPPORT @ 6140/6120 LEVEL AND DAY TRADERS CAN GO LONG AT THESE LEVEL WITH 6100 SL.

NIFTY SPOT LEVELS:
Pivot: 6168
Resistance: 6188/6208/6228
Support: 6148/6128/6108

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
SSLT EQ: BUY > 198 TRG 204 SL 193.50
BHEL EQ : BUY > 162 TRG 163/165 SL 160
GODREJIND EQ: SELL < 269 TRG 266 SL 272
JINDALSTEEL EQ: BUY > 262 TRG 267.50 SL 258 

09-01-2014 MARKET:

MARKET TREND:

YESTERDAY WE HAVE WITNESSED MARKET CONSOLIDATION AS WE EXPECTED.   VIX HAS NOT CHANGED NOT EVEN A POINT WHICH INDICATE MARKET AT ABSOLUTE CONSOLIDATION. BUT NIFTY IS AT THE RANGE OF 6000-6300.   MARKET IS WAITING FOR MAJOR COMPANIES EARNING GUIDELINES AND ECONOMIC DATA, WHICH IS DUE ON 10TH.  WE BELIEVE TILL THE MARKET HOLDS 6140 LEVEL, MARKET WILL NOT GO DOWN.   SINCE MOVEMENT INDICATORS AND VOLUMES ARE WEAK, MARKET, UPTREND IS ALSO BECOME QUESTION MARK.

TODAY ALSO MARKET LIKELY TO OPEN FLAT AND WITNESS SELLING AT HIGHS.  6220/6250 LIKELY TO BE RESISTANCE 6140 GOING TO SUPPORT.

NIFTY SPOT LEVELS:
Pivot: 6176
Resistance: 6191/6207/6223
Support: 6159/6144/6127

NIFTY FnO BAN: APOLLOTYRES

STOCKS FOR DAY:
TATACHEM EQ: BUY > 268 TRG 273.50 SL 264
BHARATFORGE EQ: SELL < 334 TRG 328 SL 338
JINDALSAW EQ: BUY > 56.50 TRG 60.50 SL 54
DELTA CORP EQ: SELL < 118.50 TRG 114 SL 121

08-01-2014 MARKET:

MARKET TREND:

YESTERDAY MARKET RESPECTED ITS TECHNICALS AND TAKEN THE NIFTY TO ITS BELOW 50 SMA.   BUT IT RESPECTED ITS FIBONACCI LEVELS OF 6145.  SINCE NON OF THE TECHNICALS ARE SUPPORTIVE TO THE MARKET (EXCEPT ITS HOLDING AT 6145) TRADERS MAY TAKE ADVANTAGE OF MOVEMENT AND GO FOR SHORTS AT HIGHER LEVELS.   MARKET MAY GET RESISTANCE AT 6250 AND SEE 6000 LEVEL IN SHORT TERM.  

TODAY MARKET OPEN WITH POSITIVE NOTE AND GET RESISTANCE AT 6200 LEVEL AND MAY GO FOR NEGATIVE AND SUPPORT AT YESTERDAY LEVEL.

NIFTY SPOT LEVELS:
Pivot: 6176
Resistance: 6208/6253/6284
Support: 6130/60986054

NIFTY FnO BAN: APOLLOTYRES

STOCKS FOR DAY:
SINTEX EQ: BUY > 39 TRG 41 SL 38
DABUR EQ: BUY > 172 TRG 174 SL 170
BHEL EQ: BUY > 166 TRG 169/172 SL 162.50

APOLLOTYRES EQ: SELL < 110 TRG 108/104 SL 114

07-01-2014 MARKET:

MARKET TREND:

YESTERDAY MARKET MOVED AS MANY EXPECTED.  VALUE BUYING IN IN MID CAP AND SMALL HAS CONTINUED, WHICH CONTRIBUTED BETTER MARKET BREADTH.   SINCE MARKET SENTIMENT IS WEAK AND PEER MARKETS ECONOMIC DATA IS POORER THAN EXPECTED, SOME MORE MONEY HAS BEEN INVESTED ON PUTS SIDE BY TRADERS.   AS NIFTY CLOSED BETWEEN THE RANGE OF 6150 - 6300, AND DERIVATIVES RAGE ALSO SUPPORT THIS RANGE, MARKET LIKELY TO BE IN THIS RANGE FOR A DAY OR TWO.

TODAY MARKET LIKELY TO OPEN FLAT AND GOING TO WITNESS ANOTHER CONSOLIDATION DAY BETWEEN THE RANGE OF 6150 -6220.  DAY TRADERS CAN PLAY ON MOVEMENT IN THESE RANGE.

NIFTY SPOT LEVELS:
Pivot: 6195
Resistance: 6221/6250/6275
Support: 6166/6141/6111

NIFTY FnO BAN: APOLLOTYRES

STOCKS FOR DAY:
BHARATFORGE EQ: BUY > 329 TRG 336 SL 323
GODREJ IND EQ: BUY > 277 TRG 284 SL 273
IGL EQ: SELL < 263.75 TRG 267 SL 269

06-01-2014 MARKET:

MARKET TREND:

FRIDAY MARKET HAS BEEN BOOKED PROFIT ON SHORT TERM INVESTMENTS.  WEAK NOVEMBER PRODUCTION DATA ALSO CONTRIBUTED FOR PROFIT BOOKING.  THIS WEEK 10TH JAN.'S ECONOMIC DATA AND INFOSYS RESULTS ARE GOING TO BE LEAD TO MARKET BY EITHER WAY DIRECTION. 

TODAY MARKET LIKELY TO OPEN MINUS IN  LINE WITH PEER MARKET.   NIFTY LIKELY TO GET SUPPORT @ 6145 AND RESISTANCE COULD BE FRIDAY'S HIGH.

NIFTY SPOT LEVELS:
Pivot: 6201
Resistance: 6181/6150/6130
Support: 6231/6251/6281

NIFTY FnO BAN: APPOLOTYRES

STOCKS FOR DAY: 
PRAJ IND EQ: BUY > 47 TRG 47.75/48.50 SL 46
PATEL ENG EQ: BUY > 56 TRG 57.25/58.50 SL 54.75
UFLEX EQ: BUY > 82 TRG 83/84 SL 80.75

03-01-2014 MARKET:

MARKET TREND:

YESTERDAY MARKET WAS SURPRISE TO ALL TECHNICAL ADVSIORS.   AS PER THE NIFTY DATA FIIS ARE NOT NET SELLERS AND THEY WILL BE ACTIVE FROM NEXT WEEK ONLY.  MARKET WAS TAKEN DOWN BY OUR DOMESTIC PLAYERS LIKE HNIs, PORTFOLIO MANAGERS WITH THEIR BASKET ORDERS.   MOSTLY BELIEVE THESE PLAYERS ARE WANT TO BE WITH CASH TO RE-ORGANISE  THEIR INVESTMENTS.   IN THIS VIEW ONLY FROM LAST 2/3 DAYS MANY RUMORS ARE SPREADING LIKE PM RESIGNED ETC. YESTERDAYS FINANCIAL DATA (DOMESTIC & INTERNATIONAL) ALSO ADDED FUEL TO FIRE.

TODAY MARKET LIKELY TO OPEN WITH NEGATIVE BIAS, EVEN GAP DOWN.  TRADERS ARE ADVISED NOT TO GO FOR FRESH SHORTS.   NIFTY LIKELY TO GET SUPPORT AT 6170/6180 LEVELS.   DAY TRADERS CAN GO LONG AT 6180 (AT REVERSAL) LEVEL WITH 6145 SL. BEST IS TO GO FOR 6200/6250 CE TO MINIMISE THEIR INVESTMENT COSTS.

 

NIFTY SPOT LEVELS: (PIVOT)
Pivot: 6264
Support: 6168/6116/6021
Resistance: 6316/6410/6463

NIFTY FnO BAN: APPOLOTYRES

STOCKS FOR DAY:
ARVIND LTD EQ: BUY > 138 TRG 144/150 SL 132
REPRO INDIA EQ: SELL < 174 TRG 168 SL 179
EMAMI LTD EQ: BUY > 479 TRG 485 SL 474

02-01-2014

 we are away from yesterday data. could not post our report. we will be back on 3rd.