28-02-2014 MARKET:

MARKET TREND:

Wednesday market played as it should be on Derivatives Settlement Day.   FIIs are at Long Side, even though market breadth was in Negative (but better than earlier day) by taking profit in Mid Cap, but Nifty closed above 50 DMA and its Month High.   Since Fibonacci Resistance laying at 6265/6270 level, Nifty may get resistance at this range and if the Todays Infrastructure Data & GDP Data gives Positive Figures, market surely may test its earlier high of 6350 in this series.

Today market may open flat with positive note and be range bound till it get adjust its OI values.  Day traders can go long in opening  with 6190 SL for Target of 6230/6260.

NIFTY SPOT LEVELS:
Pivot: 6229
Resistance: 6256/6273/6300
Support: 6210/6185/6168

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
KSL LTD EQ: BUY > 18 TRG 18.80/19.30 SL 17.50
ARVIND LTD EQ: BUY > 152.35 TRG 157 SL 149.75
IFBLTD EQ: BUY > 74.70 TRG 77.25 SL 73.50/72
HDFC LTD EQ: BUY > 817 TRG 824 SL 812

26-2-2014 MARKET:

Yesterday Nifty movement was as we expected and 6200 CE and PE are more active.  Nifty tried for Gap Filling but it is One Step Away, which may try again today also.   Since today is Derivatives settlement day, Europe Economic Data is scheduled   & Tomorrow is Holiday and Day after GDP figures are awaiting, short term traders may go for square off of their positions and wait for New Series of Derivatives.  Presently good roll over taken place along with Small Quantity of Shorts & Good Quantities of Longs.  These are will contribute high current of Volatility for this Day.  Considering Index Futures movement, we expect the present series of Nifty may close between 6180-6200

With influence of Peer Markets, our Nifty may open Flat/Negative bias and go move upward till 1.30 (Europe Market open time) and Start real Volatility. Day Traders can trade between 6160-6260.

NIFTY SPOT LEVELS:

Pivot: 6198

Resistance 6220/6240/6260

Support: 6180/6155/6135

NIFTY FnO BAN: AURBINDO

STOCKS FOR DAY:

IND. INFOLINE EQ: SELL < 70 TRG 67 SL 72

PRAKASH IND EQ: BUY > 38.50 TRG 40 SL 37.50

DEWAN HOUSING EQ: BUY > 222 TRG 227 SL 218

PTC EQ: BUY > 58.75 TRG 59.75 SL 58

25-02-2014 MARKET:

MARKET TREND:

Yesterday Market has moved as we expected and closed above 50 DMA.  Today Nifty may try to Fill the Gap of 6250/6260 level (may be with Derivative Section) to complete its up journey.   Already good amount of roll overs taken place (in the market futures volumes & near futures volumes indicate) has taken place.  But system still holding small amount of Shorts and with this coverage market likely to go for Gap Filling of Nifty.  

Today market likely to open with positive bias in line with SGX NIFTY and close in marginally positive.  Day Traders can start their position (in case they went for longs in opening) @ 6220/6230 level with 6250/6260 SL.  In opening going for 6250 CE (march) will more feasable.

NIFTY SPOT LEVELS:

Pivot: 6170

Resistance: 6210/6230/6270

Support: 6147/6108/6085

NIFTY FnO BAN: NIL

STOCKS FOR DAY: 

VOLTAS EQ: BUY > 126.75 TRG 130.50 SL 124.50

ADANI PORT EQ: SELL < 166 TRG 162 SL 169

WIPRO EQ: BUY > 577 TRG 583 SL 571

24-02-2014 MARKET:

MARKET TREND:

Friday Market went for Short Coverage and covered almost all Thursdays' Minus.   Nifty holds its 20 DMA.  This Week Derivative Settlement is scheduled to Wednesday in view of Maha Sivaratri Holdiay on Thursday.   Friday is scheduled for GDP Nos.   Nifty resistance is at 6180/6260 (gap fill area).   Since OI went on Minus irrespective of short coverage, Nifty may go for correction at Day High.  Positional Traders are likely to utilise opportunities for Roll Over in these 3 Trading Sessions, Volatility likely to maintain.

Today market likely to open with Negative bias in line with Peer Markets.  Since Nifty Support lies at 6100 level, day traders can go long with 6090/6080 SL.

NIFTY STOP LEVELS:
Pivot: 6141
Resistance: 6174/6192/6225
Support: 6122/6090/6070

NIFTY FnO BAN: AURBINDO

STOCKS FOR DAY:
ICICI BANK EQ: BUY > 1025 TRG 1034 SL 1014
JSWSL EQ: BUY > 880 TRG 895 SL 871.5
CENTURY TEXT EQ: BUY > 314 TRG 319 SL 311

21-2-2014 MARKET:

MARKET TREND:

Yesterday Nifty given up its 4 days gains but it has halted at 20 DMA.    FIIs went on fresh shorts in good quantity with influence of China & Japan's Poor Economic data. Due to this shorts, downed the Nifty Technicals to recent lows.   Since pe/ce ratio is below 1 (0.99) and today is week end many traders (short term/day) may go for coverage at market lower.  From noon we can expect some pull back to Nifty and may close flat.  With pull back/short coverage Nifty may try to test 6160 recent high or 6180 (50 DMA) in coming 2 days, and if it fails to sustain Nifty may Test the lower of 5980.

Today Nifty may open with Flat and go volatile to cover yesterdays shorts.   Day Traders can go long at 6080 level with 6060 SL for near pivot close of 6100/6120

NIFTY SPOT LEVELS:
Pivot: 6102
Resistance: 6118/6144/6160
Support: 6075/6060/6030

NIFTY FnO BAN: AURBINDO

STOCKS FOR DAY:
RECL EQ: SELL < 185 TRG 182.50/181 SL 187
CENTURY TEXT EQ; BUY > 306 TRG 309/317 SL 303
ADANI POWER EQ: BUY > 36.25 TRG 37.50 SL 35.40

20-02-2014 MARKET:

MARKET TREND:

As we expected yesterday Market/Nifty played consolidation role.  FIIs are at long but Market Breadth and Volumes are Poor.   Open Interest Data indicate market range is between 6000-6200, but 6250 CE have been added and Short Coverage also taken around 4000 cr worth by Decreasing OI by 2674 contracts.  These all indicate Nifty may get resistance 6250 level unless volumes support gets near future.

Today Nifty may open with Negative note in line with Peer Markets.   Since our Nifty is in upbeat, Day Traders can go long at 6130 levels with 6110/6095 SL on holding basis (1 or 2 days) or can go for positional long in 6200/6250 CE with 6080 SL.

NIFTY SPOT LEVELS:
Pivot: 6146
Resistance: 6167/6181/6220
Support: 6132/6110/6095

NIFTY FnO BAN: AURBINDO PHARMA

STOCKS FOR DAY:
LNTFH EQ: BUY > 73.35 TRG 74.50 SL 72.50
POLARIS EQ : BUY > 139 TRG 143 SL 136
JYOTISTRUCTURES EQ: BUY > 28.25 TRG 29.40/30 SL 27.75
APOLLO TYRES EQ : BUY > 118.75 TRG 120.50 SL 117.75

19-02-2014 MARKET:

MARKET TREND:

Yesterday Market given pull back to 20 &100 days average.   FIIs are buying side in Derivative and Equity segment.   Derivative range and OI status & MACD indicate the NIfty may get resistance at 6155/6180level.   We feel if the Nifty may get consolidate between 6100-6180 level for a day or two before it takes clear direction.

Today market likely open Flat with positive bias and likely range bound.   Day traders can trade between 6120 - 6180 with SL 6100 lower side and 6200 higher side.

NIFTY SPOT LEVELS:
Pivot: 6111
Resistance: 6157/6186/6231
Support: 6080/6035/6005

NIFTY FnO BAN: AURBINDO

STOCKS FOR DAY:
VIP IND EQ: BUY > 62.50 TRG 67 SL 59.75
CROMPTON EQ: BUY > 121.50 TRG 125 SL 119
CENTURY TEXT EQ: BUY > 300 TRG 304/307 SL 297

18-04-2014 MARKET:

MARKET TREND:
Yesterday Market has given one more consolidation but with lower Volumes and Breadth.  But Momentum Indicators are giving hope of uptrend for time being.   As we said earlier unless Nifty closes 6130 for a day or two, we cant be confident of up trend:

Today Market likely to open Flat with influence of Peer Markets and likely to close with positive note.  Day Traders can go long at lower with 6050/6020 SL.

NIFTY SPOT LEVELS:
Pivot: 6064
Resistance: 6090/6101/6132
Support: 6047/6021/6005

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
TATACJEM EQ: BUY > 269 TRG 272/274 SL 265
BHARATFORGE EQ: BUY > 360 TRG 365
SUNPHARMA EQ: BUY > 600 TRG 607/612 SL 599/593
DABUR EQ: SELL < 173 TRG 171/170 SL 175

17-02-2014 MARKET:

MARKET TREND:

Friday Market has given pull back  without much volumes and breadth.  FIIs and DIIs both are at selling side.  But all momentum indicators have turn to positive direction.   This indicate bottom fishing has taken place by selective traders.   Monday vote on a/c budget will be presented by FM and it will give some guidance to Bank Nifty.   As per crowd theory/sentiment, always market move against feelers (90% loosers/gainers).   Since Nifty holds above 200 DMA and Bulls are in hope of Good Indicators from Budget (even though figures are tentative), Nifty may rally till 6110/6120.   As we indicated earlier unless Nifty closes above 6130, we cant' be confident off Up-movement of Nifty.

Today Nifty may open with positive note in line with S&P Nifty and Test 6110/6120 during Budget Session. 

Day Traders can go for 6100 CE and book profit with smaller margins with strict SL (bearable individually).

NIFTY SPOT LEVELS:
Pivot: 6030
Resistance: 6075/6102/6147
Support: 6003/5958/5930

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
BHARATFORGE EQ: BUY > 352 TRG 356/363 SL 347
VOLTAS EQ: BUY > 118 TRG 121 SL 115.75
IBREAL EQ; BUY > 47 TRG 48/48.50 SL 46.4

14-02-2014 MARKET:

MARKET TREND:

Yesterday Market  has been corrected more than expected and went on Minus. No short coverage has been witnessed even though FIIs are Long Side.  Since Derivatives range is intact between 6000-6200 and 6000 CE & PE have been added maximum, it indicate Nifty bottom may seen at 5980 level. 

Today Nifty may open with positive note in line with peer markets.   At volatility day traders can short at 6070/6090 level with yesterdays high of 6110.  Nifty can be covered or can go long at 5980 level with 5960 SL.

 

NIFTY SPOT LEVELS:
Pivot: 6029
Resistance: 6067/6132/6170
Support: 5963/5935/5860

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
UCOBANK EQ: SELL < 63.50 TRG 62/61.10 SL 64.35
SUNPHARMA EQ: BUY > 616 TRG 622 SL 609
SUPRAJIT ENG EQ: BUY > 53.90 TRG 55.70/57.75 SL 51.75
APOLLO TYRES EQ: BUY > 114.75 TRG 118/120 SL 112.50

13-02-2014 MARKET:

MARKET TREND:

Yesterday Market moved with Positive Expectation of Economic Data than Technicals.   Evening Economic Data also better numbers than previous even though they are not positive.   FIIs are on selling side in Derivative Segment  (except equity) and DIIs are in selling side in Equity.  Nifty has formed another Hammer Candle (red), with out giving any directional indication.

Today Market may open Flat and go volatile to cover Short Term Traders Positions.   Nifty likely to get support 6060-6050 level and may close with positive note.  Nifty may get resistance at 6160/6180 at higher levels.

NIFTY SPOT LEVELS:
Pivot: 6089
Resistance: 6102/6120/6130
Support: 6070/6060/6040

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
LOVABLE EQ: BUY > 320 TRG 330 SL 313VOLTAS EQ: BUY > 123 TRG 126 SL 121
ICICI BANK EQ: BUY > 992 TRG 1008 SL 983

12-02-2014 MARKET:

MARKET TREND:

Yesterday Market is 3rd day consolidation by respecting 6050 and Bottom Hammer Formation.  This indicate the Trend Formation and which may execute in a Day or Two.   Yesterday Market has taken Trade Balance Data as Positive and forced Traders (since it is 3rd day) to cover major volume of shorts and closed Nifty with Plus but with Red Candle.  This indicate still some more Shorts were in the system.  Derivative OI data indicate Nifty is tact between 6000-6200 with bottom support of 6000.   Any positive data can be advantage for Nifty  to make Gap Filling, which is at 6240/6250 area.  In general Trend Change take place with News/Volumes, we hope today Economic Data will provide the Trend Direction (we are optimistically positive).

Day Traders advised to Follow Momentum Trades in Equity / Futures (with strict SL) or Positional CE/PE to minimise their cost and safe guard Trading Capital.  Positional Traders can go for 6100 CE at lower level with 5980/6000 SL

NIFTY SPORT LEVELS:

Pivot: 6065

Resistance: 6078/6095/6110

Support: 6050/6035/6020

NIFTY FnO BAN: NIL

STOCKS FOR DAY: 

HPCL EQ: BUY > 247 TRG 253 SL 243

REL INFRA EQ: SELL < 361 TRG 354 SL 366

UTTAMGALVA EQ: SELL < 68 TRG 67/65 SL 70

BHARAT FORGE EQ; BUY > 355/361 TRG 361/375 SL 352

11-02-2014 MARKET:

MARKET TREND:

Yesterday Market most of advisers expected the consolidation.  FIIs are in selling side and Volumes also very low.  As Traders are waiting for Todays FED chairperson's views on US Economy and Our Tomorrows Economic Data, todays Market movement also will be range bound and we may witness/feel consolidation of  market in broad way.   Movement indicators are not favorable to Bulls, they may leave the Market to Bears at HIGHER LEVELS.

Today market may open with positive note with influence of Peer Markets.   Since, Nifty Trend Indicators are not favorable and OI (active) range is very narrow Day Traders can go for Short at 6090/6100 level with 6120 SL or go for 6050 PE to minimise the cost.

 

NIFTY SPOT LEVELS:
Pivot: 6061
Resistance: 6078/6098/6112
Support: 6038/6024/6002

NIFTY FnO BAN: AURBINDO

STOCKS FOR DAY:
RELINFRA EQ: SELL < 367.50 TRG 363 SL 371
APOLLOTYRES EQ: BUY > 116 TRG 117.50/120 SL 113
CESC EQ: BUY > 448 TRG 456 SL 443
IFCI EQ: BUY > 23.25 TRG 23.5/24.25 SL 22.75

10-02-2014 MARKET:

MARKET TREND:

Friday market was a day of profit booking.  But volumes are not enough to take as positive direction.  Today market may go for correction at higher levels and may see another consolidation day.   On 12th we have Economic Data, traders may wait for that to estimate the direction.   Still Nifty range between 6200-6000 is tact.  FIIs are at buying side in total Derivative Section and partial profit booking has witnessed in Equity Segment.  

Today Nifty may get resistance at 6120/6140 level.   Day traders can go short at 6110/6120 level with 6140/6150 SL.  

NIFTY SPOT LEVELS:

Pivot: 6058

Resistance: 6085/6108/6134

Support: 6036/6008/5987

NIFTY FnO BAN: AURBINDOA

STOCKS FOR DAY:

India Info Eq: Buy > 64 Trg 66.75 SL 62.50

Patel Eng Eq: Buy > 61.5 Trg 63.75/65 SL 60

Voltas Eq: sell < 120 Trg 117.50/116 SL 121

07-02-2014 MARKET;

MARKET TREND:

Yesterday Market was a day of consolidation with double bottom and closing above 200 DMA.  But yesterdays panic selling has open the doors for poor OI and Negative Closing of Nifty Futures (NIFTY SPOT IN PLUS).  FIIs are at selling side of Index Futures & Equity and Long in Option Segment but DIIs are in Long in Equity Segment.  This indicate market is in Cross Roads.  If the Market Closes above 6150 it will be booster to Bulls.  If the Market closes below 5950 it will help Bears to take the Market to further lower.

Today market likely to open with positive note and may get resistance at 6100 levels.  Day traders can go 6050 PE and book profits in momentum.  Going for   Above 6140 can go for Positional Trades.   But market likely to close Flat with Positive bias.

NIFTY SPOT LEVELS:
Pivot:: 6017
Resistance: 6068/6100/6150
Support: 5985/5933/5902

NIFTY FnO BAN: AURBINDO

STOCKS FOR DAY:
PATEL ENG EQ: BUY > 57.65 TRG 63.75 SL 53.75
TITAN EQ: BUY > 224 TRG 228 SL 221
GAIL EQ: SELL < 356 TRG 349 SL 365
CESC EQ: BUY > 452 TRG 462 SL 445

06-02-2014 MARKET:

MARKET TREND:

Yesterday market is a day of consolidation with positive sense but with lower volumes.   2nd also Nifty closed above 200 DMA.   FIIs/HNIs are  still at selling side in indices futures (coverage of shorts also) and bought PE OPTIONS to safeguard their Equity Longs.  Derivatives range is intact between 6000-6200.  Candlestick  charts indicate market is due for big move (mostly up trend) in a day or two.  Time being NIfty support shifted to 5980/6000 level.

Today market may open with positive note and play range bound.  Day traders can go long with 5980 SL for Target of 6045/6070.    But Nifty is in buy side at every lows till closes blow 5940/5920 level.

NIFTY SPOT LEVELS:
Pivot: 6004
Resistance : 6046/6070/6112
Support: 5980/5938/5914

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
MUNJALSHOWA EQ: BUY > 72 TRG 76 SL 68
RECL EQ: BUY > 185 TRG 190 SL 181.50
MNMFIN EQ: BUY > 249 TRG 256 SL 244

05-02-2014 MARKET:

MARKET TREND;

Yesterday we saw NIFTY consolidation by Booking profit from specific stocks, and short coverage in Nifty, since it has lost almost 400 pfts in from its recent high.   This is reason Nifty has broken 200 DMA and again it closed above 200 DMA level.   But even yesterday FIIs are in Long in Option Segment.   If the Nifty breaches and close below 5950/5920 level, we can see reasonable down side of Nifty.   Since, parliament Financial Bills are likely to come in to business on 12th and 17th, meantime, many expectations will flow into market and it should be evaluate carefully, because this is interim budget only.

Today market likely to open flat with negative bias and try for yesterday's lows.  Nifty may face resistance at 6035 level and close flat.

NIFTY SPOT LEVELS:
Pivot: 5984
Resistance: 6035/6070/6120
Support: 5950/5900/5865

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
TECHMAH EQ: BUY > 1747 TRG 1803 SL 1712 (DELIVERY BASIS)
GAIL EQ; SELL < 355.50 TRG 349 SL 362

04-02-2014 MARKET:

MARKET TREND;

Yesterday market indicate over cautiousness of our traders.   Even though volumes are at lower side, market was pushed to over sold levels through Derivative Section. Yesterday FIIs have bought more than 1000 crores worth of options, which are very high in recent times.   Still Nifty 6000 level is in tact.   Since, market is in oversold situation and OI range is still at 6000,and FIIs buying more options, indicate market may surprise with its volatility and panic sales and rush up short coverages.

Today market may open with Gap Down and go for Filling (at least 75%) by evening.   This day will be a day of Momentum Traders. Day Traders can go long with 5940/5950 sl and above 5970 go for short coverage.

 

NIFTY SPOT LEVELS:
Pivot:
Resistance:
Support:

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
Oil Distribution Cos. and Telecom/Electronic Component Manufacturing Cos. at buy on Delivery Basis

03-02-2014 MARKET;

MARKET TREND:

Friday Market has played one more trend reversal by bottom fishing.   FIIs are at selling side by utilising Technicals.  Since RSI and MACD at negative divergence, we advise cautious trades to save your money.   As our Asian Peer Markets Hong kong and China markets on holiday, traders may get clues from Europe market and play.   Lots of news like Economy data of major indices (TODAY our HSBC PMI DATA) and our budget sessions are in way in this week, market may re-act accordingly before it establish its direction.   Nifty may get major resistance at 6180/6220 levels.  As we said earlier unless Nifty closes above 6250 clear uptrend can't be believed.

Today Market may start with negative bias in line with Peer Markets and range bound.  Stocks specific trades or near CE n PE of Nifty are better choice to save our trading capital.  

NIFTY SPOT LEVELS: 
Pivot: 6085
Resistance: 6102/6115/6132
Support: 6070/6055/6040

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
UPL EQ : BUY > 189 TRG 192 SL 185
OPTOCIRCUITS EQ: SELL < 32.5 TRG 31.25 SL 33.25
DIVIS EQ: BUY > 1305 TRG 1332/1348 SL 1288