01-04-2014 MARKET TECHNICAL VIEW:

MARKET TREND:

Yesterday we had last working day  in the 2013-14 financial year (not settlement wise). Most of us may have the feeling as:  Market has raised too much, but in reality: from its starting day 01-04-2013 to till date market raised only 1033 points 18% (opened @ 5697 and yesterday high is 6730).   Even PE raised by 1.35 pts  (01-04-2013 NIFTY'S PE is at 17.51 and on 31-3-14 is at 18.86) and ration is 7.71%.   Only question comes here, whether this PE ratio point is economical to buy the Market or not?   

As FIIs are major market drivers and our Indian Market seems to be more prospective to FIIs in comparison to other peer markets, we can expect Continues Support from them.   Real time appreciation is not much high in value of USD (18% nifty increase and Rs. depreciated by 10.92%) i.e near to 7%, our Indian Investors (long term) are more gainers than FIIs.  But FIIs have the habit of periodical profit booking (rotation of investment) their profits may be high.  They need not to withdraw money from our Indian Market.   Near Future, Cash Withdraws and simultaneous Market Correction, may be witness only from   P-Notes segment, which has been bought in view of Elections.

Yesterday FIIs are at selling side (after 21st March), by 170 cr in Derivative Segment, and  5336 contract of Index Futures worth of 177 cr. by adding OI of 16918 contracts (sold 11127 contract and 5791 short contracts were squared off).  But in Equity segment they bought worth of 943 cr, which supported for positive market breadth.  

As today we have RBI credit policy and HSBC economic data, if the Nifty not crossed 6730 level, technically it may force to to go for correction (profit booking).  As Derivative's highest OI range is between 6400-6700 along with active 6800 CE and 6600 PE, market may witness volatility.   Day traders can have movement trades only as their strategy and can wait for open positions.

NIFTY SPOT LEVELS:

Pivot: 6699

Resistance: 6735/6766/6803

Support: 6667/6631/6600

NIFTY FnO BAN: NIL

STOCKS FOR DAY:

ONLY MOMENTUM TRADES, BETTER TO BE BANK NIFTY FUTURES WITH STRICT SL. (CLOSING ABOVE YESTERDAY'S HIGH IS CRITICAL)

31-3-2014 MARKET TECHNICAL VIEW:

31-3-2014 MARKET TECHNICAL VIEW:

WISH YOU ALL HAPPY UGADI (TELUGU NEW YEAR)

WITH YOU ALL HAPPY GUDI PADAWA

MARKET TREND:

Friday Market closed with positive consolidation, without considering Over Bought (daily basis), RSI's Negative Divergence and Poor Market Breadth situations.   Rupee is become stronger and closed below 60 (59.85)  Cash In-flows are playing major role for hitting New Highs with major support from Bank Nifty.  FIIs are major contributors in Money Flows and Equity Buying.  Even Friday FIIs are in buying side: Index Futures by 9055 lots worth of 306 cr.  (7949 in longs and 32902 shorts squared off) and OI increased   by 24953.    Derivatives OI range is between 6400-6700.   In Equity segment also FIIs are in buying side by 1363cr. along with increased Market Breadth.  PCR at 0.92. As Tomorrow RBI credit Policy and HSBC economic is going to announce, today also we may witness speculative trades.  As Nifty momentum is in up swing,   till the Nifty closes below 6580, we cant' expect any smaller correction.  

As 6800 CE and 6600 PE are more active, and our SGX Nifty is in positive by 30 pts (at 8.20 am), our Nifty also may open with positive note and may go for profit booing at higher levels.  Considering tomorrows RBI action, traders can go for profit booking, particularly in Bank Nifty.  As Rupee is become stronger, Export oriented indices like IT, Pharma will not be more active and our short term traders may go for value by in Infra, Cement and other Consumer Goods sectors.

NIFTY SPOT LEVELS:
Pivot: 6680
Resistance: 6718/6740/6776
Support: 6658/6620/6600

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
MMFORGING EQ: BUY > 120.50 TRG 135 SL 113
PENNAR IND EQ: BUY > 23 TRG 24.25/25 SL 22
JINDALSTEEL EQ: SELL < 279 TRG 276 SL 282.50

28-3-2014 MARKET TECHNICAL VIEW:

28-03-2014 MARKET TECHNICAL VIEW:

MARKET TREND:

Last Nifty series has been closed with Big Bang.   One more time it has been proved that: qualitative flows (cash or volumes) will over take Technical Views.    As we heard, in recent times, P Notes inflows are very high ( > 23662 cr. which mostly unidentified investor/black money) into Equity Markets,  in view of Elections.  Due to this inflows, Rupee has become strong and likely to continue till Companies re-book these volumes.  New series of Nifty started with higher OI about 1.60 cr with addition of 43.96 laks, which is very bullish in Trend:   Yesterday also FIIs are in buy, both in Derivatives and Equity Segment by 740 and 2192 cr respectively.   Rupee has been closed at 60.18 (marginally weak) and PCR at 1.01.  Derivatives OI range is between 6500-6700, which indicates at present Market support lies at 6500.

Today Nifty likely to open with Positive note in line with peer markets and likely to be more volatile.   Till Nifty Spot closes  below 6610/6600, one should not be at selling side.   As we mentioned Nifty Futures premium is high, wait till it get adjusted. Also keep in mind as today is week end.

NIFTY SPOT LEVELS:

Pivot: 6638

Resistance: 6677/6713/6752

Support: 6603/6564/6528

NIFTY FnO BAN: NIL

STOCKS FOR DAY: (momentum play)

HDFC, SHASUN PHARMA, ALLIED DIGITAL, IOB, UBL, ZEE ENT.

27-03-14 MARKET TECHNICL VIEW:

MARKET TREND:

Yesterday Market has moved in its style of surprising traders: by creating another New High, but low Breadth and closing above Upper Trend Line.   Even yesterday FIIs are in buying side in Derivatives worth of 26292 contract 885 cr. (339 longs and 25.9k shorts squared off) by decreasing OI 25614 contracts . In Equity segment also FIIs are in plus side by 1005 cr.   In this month Derivative Series maximum OI range is between 6400-6700, but 6600 ce & pe are active.  Because Nifty has given 388 pts plus (6627-6239) in this series, Bulls had leverage to average their trades and to corner Bears. Cash inflows (Rupee closed @ 60.23 strongest in 8 months) and Positive Political Situation (strong govt.) have added fuel to fire and taken the Nifty to new highs, even though under current is not much supportive.  As today is closing day of March Derivative session, stock specific action can be witnessed by increasing the volatility.   As Market momentum is one sided, the next month series Nifty premium is very high, Traders can/will wait for 1 or 2 days to neutralism the Futures Premium.  

Today market likely to open flat in line with peers and likely to get resistance at 6625-6650 level.  Day Traders can go short below 6575 with 6610 SL.  

NIFTY SPOT LEVEL:

Pivot: 6593

Resistance: 6626/6650/6672

Support: 6578/6556/6532

NIFTY FnO BAN: HDIL & IBREAL

STOCKS FOR DAY:

BIOCON EQ: SELL < 427.50 TRG 417 SL 433

ZEE ENT EQ: SELL < 282 TRG 275 SL 287

JINDAL STEEL EQ: BUY > 277 TRG 280.50/283 SL 274

26-03-2014 MARKET TECHNICAL VIEW:

MARKET TREND:

Yesterday Nifty has moved as we expected, but stocks moved beyond our expectations.   Within narrow range and lower breadth market moved to New High but it could not cross the resistance zone of 6600-6620.   FIIs have bought 10296 contract worth of 346.5 cr. Index Futures by adding 30.8k longs and 20.5 k shorts.  OI has been increased by 51478 contracts.   Bulls have created panic to Bears and forced them to square off their 6500 PE and go for shorts as Market (March derivatives session) is going to close between 6500-6600 range.   We able to see 6700 CE speculative trades also, even low range volatility.  In Equity Segment also FII are in buying side by 1466 cr and DII are at selling worth of 770.  Rupee has closed at 60.23 which is highest in 8 months to support our Cash In-flows.

Today market likely to open with positive bias in line with our SGX NIFTY (30pts plus @ 8.15 am) and may get resistance at 6640/6650 level.  As profit booking is inevitable after such long journey, day traders can go short below 6620-6640 level with SL of 6660

NIFTY SPOT LEVELS:

Pivot: 6576

Resistance: 6608/6627/6659

Support: 6557/6526/6507

NIFTY FnO BAN:

HDIL, IBREAL & LNTFH

STOCKS FOR DAY:

Movement trades only more ideal with strict SL to save our working capital/minimise trading loss.

25-3-2014 MARKET TREND VIEW:

MARKET TREND:

Yesterday Nifty has recorded another high, but could not cross Trend Line Resistance of 6612.   6620 become very crucial for Nifty to maintain its Bull momentum.  Rupee was closed @ 60.60 which is almost 8 month high.  Political news (BJP winning chances) indicate stronger Govt. at Central.  FIIs are at long in Derivatives and Equity Market also.  They bought 31921 Index future contracts (54 k Longs & 22k shorts) and 1466 cr worth of Equities with increase of OI by 76867 contracts and pushing PCR to 1.07.  Yesterday 6600 CE shorts witnessed and its indicate market likely to close below 6600 in this settlement.  Market Breadth is in Negative, which indicate, that Profit Booking.   As the near month derivatives settle is in due with in 2 working days and US/Europe Economic data is going to be mixed, these 2 days profit booking can be expected at higher level and premiums are going to be neutralised. 

Today market likely to open Flat with negative bias and try to test yesterdays high till afternoon (Europe market opens).   Momentum Trading should be strategy (by keeping strict SL) for Day Traders. 6613-6620 will be crucial level for Bulls and 6570 will be for Bears.

NIFTY SPOT LEVELS:

Pivot: 6562

Resistance: 6613/6643/6694

Support:  6532/6480/6551

NIFTY FnO BAN: LNTFH

STOCKS FOR DAY:

SINTEX EQ: SELL < 41.75 TRG 40.75/40 SL 42.50

SBI EQ: BUY > 1725 TRG 1740/1754 SL 1710

JSWSL EQ: SELL < 983.50 TRG 969 SL 994

MCLEOD EQ: SELL < 285.50 TRG 282.25 SL 288

24-03-2014 MARKET TREND VIEW:

MARKET TREND:

Friday and Saturday (spl session) together nifty gained 12 pts only by increasing OI of 45256 contracts.  In these 2 sessions FII are in selling side of 24616 worth of Index Futures (34936 contract sold and 10320 worth of shorts square off).  Nifty levels become very critical: if the Nifty gets resistance at 6562/6575, it may test 6430 level again and if it breaks 6360 level may gets support.    As we see the OI crossed more than 2 cr level and pc ration is below 1, we may witness short coverage/new positions with higher volatility in this week between tha trading range of 6430 -6575.    As Nifty Derivatives' highest OI range is lying between 6400-6600, traders may trade with in range till closes beyond this ranges.

Today market open with positive bias and likely to get resistance at higher level, trading with strict SL is advisable.

NIFTY SPOT LEVELS:

Pivot: 6501

Resistance: 6515/6538/6553

Support: 6478/6463/6440

NIFTY FnO BAN: LnTFH

STOCKS FOR DAY:

FEDERAL BANK EQ: BUY > 88 TRG 89/90 SL 87

ADANI PORT EQ: SELL < 182 TRG 179.50 SL 184

21-3-2014 MARKET TECHNICAL VIEW:

MARKET TREND:

Yesterday Market has closed with Poor Technical.  If we see the opportunities in these market we will be in, high risk and high returns zone.   Let us see positives for market: 1. Nifty support at 6430/6358 and resistance at 6563 (for short term),  OI range intact between 6400 - 6600 along with new OI additions and active trades and Movement Indicator is in positive. FIIs are in Equity Buying side worth of 722 Cr and US market positive close. 

If we see negatives: Breadth is in negative, 6363 long contracts were sold by FII in index futures and more than 2000 Short contracts also squared off by decreasing OI to 8409 Contracts.  6480 level is breached by Nifty, which is one of the psychological level.  PCR is @ 1.09. Rupee losses by 0.37% (61.34) which indicates, cash outflows.  Week end.  Holding some more shorts in the system.

Today market likely to open with positive note. Considering all these above negatives and positives, we can understand market likely to play more volatile and may witness Sell at Highs.  As we see Options' Premiums also are not much attractive, day traders hedging/dealing with Index Futures will be more viable than Options.   As equity stocks are under Rotation or in Shifting trade, day traders should maintain strict SL.

NIFTY SPOT LEVELS:

Pivot: 6493

Resistance:  6513/6543/6563

Support: 6463/6442/6412

NIFTY FnO BAN: LNTFH

STOCKS FOR DAY:

MUKAND IND EQ: BUY > 23.50 TRG 26 SL 22

KILTCH DRUGS EQ: BUY > 20.25 TRG 22.25 SL 19.25

CROMPTON EQ: SELL < 152 TRG 147 SL 155

MCLEOD EQ: SELL < 281 TRG 275/273 SL 286

TATAMOTORS EQ: SELL < 381 TRG 377 SL 384

20-03-2014 MARKET:

MARKET TREND:

Yesterday Market has faced another consolidation by witnessing shifting of Portfolio Shifting.   FIIs have purchased 2709 contracts but, OI increased by 24307 contracts (by selling more > 8k longs and holding >  10.8 k shorts), this indicate FIIs are holding positional shorts.  This was support by 6700 CE OI increase.  But highest open interest range is unchanged between 6400-6600.   Simulator Action of US, has given negative signals to US and Europe Market and has been closed in negative.   Unless our Nifty closes above 6550 or Below 6480, our market can't take clear direction and till that time, we have to follow strict SL.

Today our likely to open with Negative Bias with influence of Peer Markets and as we see Shorts in the System, market likely to close in Negative till FIIs go for Short Coverage.

NIFTY SPOT LEVELS:
Pivot: 6524
Resistance: 6541/6558/6576
Support: 6506/6488/6470

NIFTY FnO BAN: LNTFH

STOCKS FOR DAY:
6500 / 6600 PE TRADING WILL BE RIGHT CHOICE TO MINIMISE OUR INVESTMENT COST.

19-03-14 MARKET:

MARKET TREND:

YESTERDAY NIFTY HIT THE NEW HIGH, BUT CLOSED BELOW THE TREND LINE.  FIIs ARE IN BUY AT DERIVATIVE SEGMENT & EQUITY MARKET.  BREADTH IS GOOD. MORE THAN 6K SHORT COVERED AND > 6K NEW LONGS ADDED IN INDEX FUTURES.  STILL YESTERDAYS CANDLE IS WEAK (INVERTED CANDLE IN RED) AND NOT SUSTAINABLE.  ALL THESE FACTS GIVES US FEEL AS:  MARKET IS AT SELL AT HIGHS. AS 6700 CE AND 6500 PE OPEN INTEREST ADDED, VOLATILITY IS GOING TO INCREASE, AND DAY TRADERS/POSITIONAL TRADERS HAVE TO TRADE WITH STRICT SL.

TODAY NIFTY LIKELY AT OPEN WITH POSITIVE NOTE AND LIKELY TO GET RESISTANCE AT 6610.  DAY TRADERS CAN GO SHORT AT 6610/6600 LEVEL WITH 6640 SL.

NIFTY SPOT LEVEL:

Pivot: 6530

Resistance: 6562/6607/6640

Support: 6484/6450/6405

NIFTY FnO BAN: LNTFH

STOCKS FOR DAY: 

CAIRN.EQ: BUY > 331 TRG 335 SL 328

ZEE ENT EQ: BUY > 280 TRG 285 SL 276.50

FEDERAL BANK EQ: SELL < 89 TRG 86 SL 90 (SELL @ HIGH)

 

18-3-2014 MARKET:

MARKET TREND:

Last Friday (14th Mar) Traders have acted as we expected, but closed with Green Candle.  Even though Friday Market closed in Green, technical parameters are not supportive.  RSI in negative divergence, FIIs are in Selling Side in Derivatives (> 21K cr.) and Buying Side in Equity (982 cr) and Market Breadth is in Negative.  Also Nifty has tried 2 times again to beat 6562 level, but could not cross.  This all clearly gives indication as Nifty upper level has been sealed (at least for shorter period) and giving Oxygen to Bears to Survive.  But we all have to keep in mind that: still Nifty Trend is in up movement only and any Trades have to follow with Strict SL.

Today Nifty likely to open Flat with positive note in line with Peer Markets.   As Market likely to play range bound Day Traders may wait for Nifty upper levels of 6520/6540 and can go for short (or for Nifty PE) with 6570 SL and book profit by day end.

NIFTY SPOT LEVELS:
Pivot: 6485
Resistance: 6537/6570/6623
Support: 6450/6400/6355

NIFTY FnO BAN: NIL

STOCKS FOR DAY: 
SURAJ DAIMONDS EQ: SELL < 38.50 TRG 36 SL 40
JINDAL SOUTH EQ: SELL < 565 TRG 554 SL 573
RELIANCE EQ: BUY > 882 TRG 894 SL 874

POSITIONAL OPTIONS: (HERO or ZERO)
SYNDICATE BANK 90 CE BUY @ 2.20
INDIA CEMENT 52.50 PE BUY @ 1.10

14-3-14 MARKET:

MARKET TREND:

Yesterday Market closed in line of our (most of analysts) expectation.    Daily Charts formed Doji (inverted cross). This Doji convey a sense of indecision or tug-of-war between buyers and sellers.  As most of us experience: only Stock Market Traders never feel as they are at wrong or done wrong things for their loss, buy they will blame luck or Market and go for Next Trade.   Till the last Paisa, they take as new experience and try to continue. This nature only, makes Stock Market more Dynamic, whether it is Over Bought or Over Sold Status  Who can match with this Dynamism only can survive.  As today WPI data going to be released and most of the analysts are expecting positive numbers, market sentiment is weaken (breadth is in negative & yesterday last hour sales) and long week end is ahead, volatility is inevitable and we advise to hold positions with Strict SL.

Today market may open with gap down (marginally) and likely to get support at 6460.   Day traders can go long with 6425 SL and may book profit at pivot levels (6500/6510).

NIFTY SPOT LEVELS:

Pivot: 6510

Resistance: 6544/6595/6630

Support: 6460/6425/6375

NFITY FnO BAN: NIL

STOCKS FOR DAY:

GMR INFRA EQ: SELL < 21.50 TRG 20.30/19.75 SL 22.40

KOLTEPATIL EQ: SELL < 91 TRG 88 SL 93

NBCC LTD EQ: BUY > 145 TRG 152/156 SL 141

RIIL EQ: SELL < 372.50 TRG 358 SL 382

13-3-14 MARKET:

MARKET TREND:

Yesterday also we saw market consolidation with lower volumes, lower breadth and Stock Rotation. As we expected, so far NIfty is holding at Trend line Resistance levels of 6550.  Yesterdays' Economic Data also read by most of the analysts as non-event.  FIIs are net sellers in Derivative segment and net buyers in Equity segment.   Derivative OI range is between 6400-6600  As volume and money indicators are in over bought  (daily basis), some profit booking is inevitable, we advise short term traders to book partial profits or hold with SL.  As tomorrows' WPI data also expecting in positive numbers and long week end ahead, short term and day traders may book profits at good news.

Today Nifty likely to open flat with positive note and may get resistance at 6550/6580 level, day traders may book profit or go positional shorts with 6610 SL. 

 

NIFTY SPOT LEVELS:
Pivot: 6517
Respect: 6546/6575/6505
Support: 6487/6457/6428

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
IRB INFRA EQ: BUY > 100 TRG 102.50 SL 98
ASIAN PAINTS EQ: BUY > 489 TRG 499 SL 483
UNITED BREWERIES EQ: SELL < 806 TRG 798 SL 812

12-3-14 MARKET:

MARKET TREND:

Yesterday we have witnessed profit booking and shifting to value strips.  Yesterday trading volumes are lower than previous day and breadth also in negative.  As moving indicators like MACD is in uptrend and Derivatives new series  6800 CE calls added in to system by taking OI to 6600 from 6500, indicates, that Bulls are not going to leave their stand easily.  Still traders should be cautious as volume and value indicators are in  negative side and market is in over bought situation.   Unless Nifty breaks 6420/6400 bears will not get grip.

Today market likely to open negative/flat in line with peer markets.  Market likely to be range bound in view of IIP data (mostly releases after market hours). If the Nifty breaks 6480, we may witness profit booking more aggressively. 

NIFTY SPOT LEVELS:

Pivot: 6523
Resistance: 6552/6592/6620
Support: 6483/6454/6415

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
Ganesh Housing EQ: BUY > 72.50 TRG 85 SL 70
Syndicate Bank EQ: SELL < 89.70 TRG 87.25 SL 91.25
Sail EQ : SELL < 58 TRG 56.25 SL 59.25

11-3-2014 MARKET:

MARKET TREND:

Yesterday Market is a day of consolidation with little bit of profit booking.  FIIs are sellers in Futures and Buyers in Equity Segment.  Index Futures open interest has been increased by 86.18K, Derivative (indices) net profit booking by 145 Cr. even though overall Market closed in Plus.  This indicate as, Traders have started hedging their Equity positions with Derivative segment.   As some of the indices (Beta) have been increased more than 15% in last 10 days, if any negative figures (tomorrows' economic data) will force short term traders to book profits, we advise to hold positions with strict SL. 

Today our Nifty also may open flat in influence with Peer Market and can witness profit booking at higher levels (at yesterday high) 6560/6570 and positional traders can go for short with 6605 SL.

NIFTY SPOT LEVELS:
Pivot: 6528
Resistance: 6570/6604/6645
Support: 6495/6454/6420

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
WIPRO EQ: SELL < 561 TRG 551 SL 567
UPL EQ: BUY > 190.50 TRG 193.50/198 SL 186
IOB EQ: BUY > 49.25 TRG 50.50/51.20 SL 48.50
PTC EQ : SELL < 63.25 TRG 62.25/61.75 SL 64

10-3-14 MARKET:

MARKET TREND:

Friday Market has given Bonanza to Bulls and Cornered Bears by opening the NIfty above the Trend Line Resistance.  Wisely/Cautiously DIIs and Proprietary Traders have en-cashed the Nifty movement and booked profits, particularly in IT and Pharma Sectors.   Even though Nifty is in Plus (120 pts)., FIIs are in Buying Side, OI is in Plus & Derivative range increased to 6500 (upside from 6400 to 6500) by adding 6700 CE in high volume, market breadth is in Negative.  This kind of data gives feeling, that smaller investors are not convinced about growth opportunities and still they are in fear about Stock Market. Shifting from over bought indices like pharma & IT (higher PE %) to low PE stocks is a wise step by investors, to increase their appetite and in return to do more Trades.   As most of the Analysts are expecting Jan IIP & Feb CPI date is in negative (on 12 & 14 respectively), short term investors should be cautious and trade with strict SL. 

Today market may open Flat to Negative to en-cash the 3 days uptrend and to respect peer markets (opened in negative).  Day traders can be at short/book profits till Nifty Spot cross 6510.

NIFTY SPOT LEVELS:

Pivot: 6493
Resistance: 6572/6620/6696
Support: 6447/6368/6323

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
ZEE ENT EQ: BUY > 277 TRG 281.50 SL 274
JINDAL SOUTH EQ: SELL < 593.50 TRG 583 SL 601
GLENMARK EQ: SELL < 562 TRG 548 SL 573
BHEL EQ: BUY > 181 TRG 188 SL 176

7-3-14 MARKET:

MARKET TREND:

Yesterday Market was responded very well to all positives news (Rupee appreciation, Cash flows, Ukraine news, BJP winning chances, China's growth predictions, Europe & US Economic Data) and created new high closing.  But highest OI of Nifty Derivatives are at 6400 CE only even though good no. of 6500 CE added in the system.  This indicate even though Traders (bullish) targeting 6500 level, positional traders still comfort at 6400 level.  Yesterday soon after resistance of 6360 crossed, all Bears rushed to cover their shorts and given new high to Nifty.  Still  we believe,  this is level where positional traders should book profits (at least partial or hold with SL) and wait for correction by respecting over bought situation of Indices.

Today Nifty will open with positive note with influence of SGX Nifty and other Peer markets.  As we all know, always Market surprises, we advise to trade with caution.  Also as today is week end, short term traders may go for square off their position at market highs. As Nifty Fibonacci Resistance is at 6450 along with Pivot Resistance & 3 rd resistance at 6492, traders may play accordingly.

NIFTY SPOT LEVELS:
Pivot: 6382
Resistance: 6425/6450/6492
Support: 6358/6315/6290

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
ZEE ENT EQ: BUY > 273.50 TRG 276 SL 271
APOLLO HOSP EQ: SELL < 903 TRG 893 SL 920
IOB EQ: BUY > 48.25 TRG 49.25/50 SL 47.50
PATEL ENG EQ: BUY > 59.10 TRG 61 SL 58

06-03-2014 MARKET:

MARKET TREND:

Yesterday Market has closed in positive and above Trend Line, but with lower volumes.  Derivative segment 6400 CE are very active and OI interest increased from last 2 days, this indicate Shorts are getting accumulated in higher levels.  If good volume support comes in the way short coverage can take place and Nifty can see higher levels.  Yesterday market was supported by Bank Nifty and Infra/commodity Indices with boosting words (Basel III Norms) by FM.  

Many times, market gives periodical signals about its movement, but most of the time our Greediness will not allow us to see/observe that, and go against its signals.  Yesterday such candle given by Nifty (bearish hang man), which is need supportive candles in these 2 days.  If the Nifty breaks 6287 or if it closes with Red Candle or if it could not cross 6360 level, we can understand Nifty going to test 6200 level in coming days.

With influence of Peer Markets today Nifty may open positive and will try to hit its resistance level of 6360 (spot).  Day traders can go for 6300 PE and market highs with 6400 SL (on positional basis).

NIFTY SPOT LEVELS:

Pivot: 6318
Resistance: 6347/6366/6395
Support: 6298/6269/6250

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
SAIL EQ: BUY > 57.8 TRG 58.85/59.50 SL 57
HDIL EQ; BUY > 41.75/42.50 TRG 43/43.65 SL 41
PNB EQ: BUY > 584 TRG 604.50 SL 577/571

05-03-2014 MARKET:

MARKET TREND:

Yesterday Market was in upbeat, only Trend line resistance could hold the Nifty at 6302.  Due to positive news from Ukraine, even Europe & US markets closed with positive note. Since Money Indicators are in over bought status, booking partial profits or holding with SL (positional traders) is more wise than going for further accumulation.  Yesterday Even though FIIs are in long side we already witnessed profit booking in IT and Pharma Sectors, which have enough upside from last 3 qtrs.  As 6400 CE have added in the system along with 6300 PE and OI range still between 6300 - 6200, Nifty range can be understand as 6200-6400.

Today Market likely to open with positive note and likely to get resistance @ 6360.  Since volatility is on cards, day traders can go for movement trades with strict SL.   

NIFTY SPOT LEVELS:
Pivot: 6272
Resistance: 6328/6358/6414
Support: 6241/6185/6155

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
DELTA CORP EQ: BUY > 106 TRG 109.75 SL 104
GODREJIND EQ: BUY > 281.75 TRG 287 SL 278
HUL EQ: BUY > 551.50 TRG 559 SL 547
AURBINDO EQ: SELL < 527.50 TRG 523 SL 532
TATAMOTORS DVR EQ: SELL < 413 TRG 406 SL 420

4-3-14 MARKET:

MARKET TREND:

Yesterday Nifty moved down as we expected. Due to Ukraine news influence, Nifty could not pulled back as we expected, even though FII & DIIs are in long side.   System was left with, both short coverage and fresh shorts.  Bearish Candle of Nifty and MACD & Bo-linger indicators in positive indicates, that Market is waiting for Volume Break to sustain its up move.   No positive triggers are  visible near future, Nifty may try to break its 6200 (OI Derivative support) and if 6180 (50 DM) breaks Nifty may test its nearest lows.

Today market may open Flat and range bound along with profit booking and shifting of portfolios to Defense Stocks like HUL.  Day traders can go short at 6240 level with 6260 SL for the target of 6190/6180.

NIFTY SPOT LEVELS:
Pivot: 6237
Resistance: 6262/6303/6328
Support: 6195/6170/6130

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
UCO BANK EQ: SELL < 64 TRG 62.50 SL 65
BAJAJ AUTO EQ: SELL < 1926 TRG 1906/1901 SL 1943
HUL EQ: BUY > 540 TRG 545/548 SL 537

03-03-2014 MARKET:

MARKET TREND:

Friday Market has given good closing.   90% of Technical Indicators have given Positive sense along with Gap Filling which created on 27th Jan.  If today market opens above 6280, new trading range will be open and takes the Nifty to higher range.   As the Nifty likely to get resistance at 6280 level, NIfty may pull down to 6200/6220 level and gets consolidation.   As FIIs are habituated to en-cash (profit booking) when ever absolute Positive Technical views prevail and Europe/Ukraine unrest likely to give negative sentiment, we can expect the market consolidation/profit booking at this range. And also most of the companies have to clear their Debits like GDRs, Credit Limits etc stocks specific action can also witness in this March Month.

Today Market likely to open with Negative bias in line with Peer Markets and likely to close Flat.  Positional Traders can book profits partially or hold with SL

MARKET SPOT LEVELS:
Pivot: 6363
Resistance: 6297/6317/6352
Support: 6242/6208/6185

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
PTC INDIA EQ: BUY > 61 TRG 63.25 SL 60
APOLLO TYRES EQ: BUY > 131 TRG 134 SL 128.75
POLARIS EQ: SELL < 157 TRG 151 SL 161
MARUTI EQ: SELL < 1608 TRG 1561/1551 SL 1643