01-08-2014 MARKET TECHNICAL VIEW:

MARKET TREND - ROARING STOCKS:

Last series of Nifty Derivatives have given much gains 1.44 % against Sensex growth of 1.89%.  Market retaining its growth even after correction of 1.4% in a week also to be noticed.   As market is little over valued (approx 20 pe), cautious Retail investors and HNIs are booking profit,  irrespective of market growth and positive news from all corners.  This is very clearly witnessing from last 10 days through Poor Market Breadth.    Only FIIs/FDIs are bringing money with good expectations.  But They have unloaded with in 2 days which they have invested from last 10 days (money which might be used for corporate results/short term ).

Yesterday also FIIs are net buyers in overall Derivative Session for worth of 1283.81 cr  particularly they are net buyers in Index Futures by 2005 contracts worth of 79.97 cr.   In Equity Segment FIIs are net sellers by 1654.86 cr and DIIs are Net Buyers for worth of 1420.36cr.   Market Breadth remain weak along with Rupee which closed at 60.86.   PCR closed at 0.93.  

As new series premium to be adjusted and SGX NIfty open weak along with other Peer Markets our Nifty also likely to open weak and bottom fishing can be witnessed in Equity Segment during the Trading Session.  7680/7660 can act as support.

NIFTY SPOT LEVELS:
Pivot: 7741
Support 7691/7660/7610
Resistance 7771/7822/7852

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
BANK OF INDIA EQ: SELL < 276 TRG 271/268 SL 280
AXIS BANK EQ: SELL < 395 TRG 386/382 SL 400
SRIRAMTRANS EQ: SELL < 903 TRG 888/875 SL 916

POSITIONAL FOR SHORT TERM:
TBZ EQ: BUY > 148 SL 144 TRG 162/165
MAHLIFE EQ: BUY > 575 TRG 665 SL 550

31-07-2014 MARKET TECHNICAL VIEW:

MARKET TREND - ROARING STOCKS:

Yesterday also  Market moved as per our expectations.   Market as usual  volatile as it suppose to be in view of rollovers and profit booking from present series.  FIIs are Net Buyers in Equity and Index Futures segment 381.66 cr and 638.59 cr respectively.   FIIs have added 33221 Longs and 16996 Shorts by increasing 50217 contracts.  PCR has been reduced by 0.05 pts and closed at 0.95.  Market Breadth has been continued its weakness.   Derivatives OI range has been continued between 7700-8000.  As we mentioned yesterday, Nifty present series likely to close between 7750-7800.   This series has good resistance levels at 7800/7825 and support at 7700/7720 levels.

Today Nifty likely to open flat in line with peer markets and likely to get support from 7730/7720 and go volatile.   Movement traders can do for trades with strict SL as per their bearing capacity.

NIFTY SPOT LEVELS:

Pivot: 7765

Resistance: 7825/7857/7915

Support: 7733/7675/7642

NIFTY FnO BAN:

GMR INFRA, HDIL, JAIPRAKASH

STOCKS FOR DAY:

BHARATFORGE EQ: BUY > 715/717 TRG 730/740 SL 707

TATASTEEL EQ: SELL < 545 TRG 539/530 SL 553

30-07-2014 MARKET TECHNICAL VIEW:

MARKET TREND - ROARING STOCKS:

We are one day away from present (near) Deriviatvies Session.    Last Two Trading sessions Nifty losses 81 points and closed with out any Futures Premium.  We hope roll overs are happening with great zeal as previous.  Recent Corporate Results have given mixed opinion: IDFC, Sterlite and Ranbaxy Disappointed and like ITC and Bharati have beaten the Market expectations.  Monday FIIs are Net Buyers in Equity along with DIIs for worth of 75.04 cr and 55.91 cr respectively.   In Index Futures FIIs are Marginal Buyers by 780 contracts worth of 32.03cr.  FIIs have Added 14513 Longs and 13733 Shorts by increasing OI by 28246 contracts. Market Breadth continued to be in weak.   PCR maintained its level of 1.00.   Peer Markets closed in Mix.  Most of the Markets are waiting for July 30th FED action.   Our Derivatives OI range in tact between 7700-8000 along with active range of 7700-7800.  

As Japan Industrial Growth data disappointed Market, most of Peer Markets have open with Negative Bias along with our SGX Nifty.   Today our Nifty also likely to open Flat with positive bias and go volatile to fill yesterday's SGX Nifty Levels (7775). Nifty likely to get support from 7715/7680 (spot levels) and close with positive note.   As per our expectation, Tomarrow Nifty Derivatives (spot) may end between 7750-7780.

NIFTY SPOT LEVELS: 

Pivot: 7757

Resistance: 7791/7834/7868

Support: 7714/7680/7637

NIFTY FnO BAN:

GMR INFRA, HDIL, IRB, JAIPRAKASH

STOCKS FOR DAY: (FOR LONGS WAIT FOR MARKET UP TREND)

PRESTAGE: BUY > 254 TRG 264 SL 248

PNB : BUY > 940 TRG 949/958 SL 931

MUNJAL SHOWER EQ: BUY > 137.50 TRG 140/143 SL 136

Note: IDFC 150 pe (AUGUST) CAN BUY at 4.00/4.50 WITH equity SL OF 159/160 for POSITIONAL.

28-07-2014 MARKET TREND VIEW:

MARKET TREND - ROARING STOCKS:

Nifty has done good journey during this settlement time.    Friday Nifty had reversal candle along with negative divergence.    Friday FIIs are net sellers of 852 contracts 31.27 cr (sold 10211 contract and short covered 9359 contracts of Index Futures).  But FIIs are net buyers in Equity segment by 125.51 cr and DIIs are net sellers worth of 210.02 Cr.   Market Breadth also closed in negative.   PCR still above 1.07.  Derivatives OI intact between 7700 - 8000 along with  7800 active position.   

In view of Derivatives closing session, (away from 2 working days), Market likely to be volatile.    Nifty likely to get resistance at 7840 level.   Nifty First Support lies at 7745/7750 and there on 7700/7680. 

NIFTY SPOT LEVELS:

Pivot: 7793

Resistance: 7838/7885/7930

Support: 7745/7700/7653

NIFTY FnO BAN:

GMR INFRA, HDIL, IBREAL, IRB, JAIPRAKASH

STOCKS FOR DAY: (BASED ON NIFTY TREND TRAILING SL CAN APPLY)

KTKBANK EQ: SELL < 130 TRG 126 SL 133

DISH TV EQ: SELL < 60 TRG 57.50 SL 61.50

SUNPHARMA EQ: BUY > 772 TRG 795 SL 760

EMAMI EQ: BUY > 548 TRG 564 SL 535

WHY WE NEED TREND STUDY?

RAMESH BABU (omjee.blogsot.in) believes:

* that we should not do unusual things like: going for shorts, when ever market is uptrend or going for longs whenever market is for correction. 

* as we all know stocks market driven by group of people. single man/single stock can't do much impact on market, only group of people/stocks only can show reasonable impact on market.   unless you know mob's (bunch of people) moving direction, we can't be much comfortable, particularly in day trading.

* as trend is determined by volumes, obviously price also effects.  that is reason we should analyse buying/selling pattern.

* trend study will help us navigator in a (price) journey and gives lots of confidence for our stay with stocks.

* trend study is like "double edged sword": which we can play long or short with same stock/indice/market.

* we all know: how much strain will be there, if we try to swim against direction of swim.  same way our time and money value (in the form interest, premium or price) will be strained.

* in stock market every day / every trade gives new experience which means it is UN-expected thing.  trend study at least gives us some warning by which we can do/continue our trades with stop loss or trailing stop loss.

 WE SHOULD FOLLOW: " MARKET TREND - INDICES PARTICIPATION - INDUSTRY IMPACT - COMPANY VALUE - PRICE vS VOLUMES (DEMAND)" TO GENERATE SIZABLE PROFITS AND TO CONTINUE IN STOCK MARKET.

25-07-2014 MARKET TREND VIEW:

MARKET TREND - ROARING STOCKS:

Nifty made Resistance Breakout at 7810 level.    Recorded one more New High.  Closing positive 8th day in a row is also a rare phenomena.  IMF Positive Remarks on Indian Growth Story and Negative remarks on Rest of World also gives more hope on New Cash Flows to our Indian Financial Market.  As Government Sovereign Equity on sales through dis-investment, most of the flows may attract by  this segment.   Surely they try for Best Price and wait for Market Correction.     Derivatives' OI range and Trend Line Resistance indicate that: Nifty will have strong resistance at 7880/7900.    Obviously/usually in this last leg (present) low PE stocks will be attracted by retailers and MFs.  As lower value stocks like Infra Segment and other mid cap / small caps have not participated in this week journey, bottom fishing can be witness in this segments.

Yesterday FIIs are Net Buyers in Equity 282.44 cr and Index Futures Net Sellers by 81.47 cr of 2168 contracts through adding 5578 Shorts and going for 3410 Short Covering.  Derivatives OI range is in tact between 7700-8000 along with range  of 7700-7800.   Market breadth was closed in neutral.   Rupee closed much weaker.   PCR ratio closed above 1.00 (1.01).   These are indicate that Nifty has to be get consolidate to make further up move.

Today Nifty likely to open Flat in line with Peer Markets. Nifty likely to be range bound till Europe Market Opens.  Below 7805/7800 Nifty may go for profit booking.

NIFTY SPOT LEVELS:

Pivot:: 7813

Resistance: 7854/7877/7917

Support: 7780/7748/7725

NIFTY FnO BAN:

GMR INFRA, HDIL, IBREAL, JAIPRAKSH, UNITECH

STOCKS FOR DAY: 

Asian Paints Eq. : Buy > 613 Trg 627 SL 605

Hindalco Eq: Buy > 196 Trg 199.50 SL 194

Sail Eq: Buy > 89.50 Trg 92 SL 88

Arvind Eq: Sell < 233 Trg 230/228 SL 235

25-07-2014 MARKET TREND VIEW:

MARKET TREND - ROARING STOCKS:

Nifty made Resistance Breakout at 7810 level.    Recorded one more New High.  Closing positive 8th day in a row is also a rare phenomena.  IMF Positive Remarks on Indian Growth Story and Negative remarks on Rest of World also gives more hope on New Cash Flows to our Indian Financial Market.  As Government Sovereign Equity on sales through dis-investment, most of the flows may attract by  this segment.   Surely they try for Best Price and wait for Market Correction.     Derivatives' OI range and Trend Line Resistance indicate that: Nifty will have strong resistance at 7880/7900.    Obviously/usually in this last leg (present) low PE stocks will be attracted by retailers and MFs.  As lower value stocks like Infra Segment and other mid cap / small caps have not participated in this week journey, bottom fishing can be witness in this segments.

Yesterday FIIs are Net Buyers in Equity 282.44 cr and Index Futures Net Sellers by 81.47 cr of 2168 contracts through adding 5578 Shorts and going for 3410 Short Covering.  Derivatives OI range is in tact between 7700-8000 along with range  of 7700-7800.   Market breadth was closed in neutral.   Rupee closed much weaker.   PCR ratio closed above 1.00 (1.01).   These are indicate that Nifty has to be get consolidate to make further up move.

Today Nifty likely to open Flat in line with Peer Markets. Nifty likely to be range bound till Europe Market Opens.  Below 7805/7800 Nifty may go for profit booking.

NIFTY SPOT LEVELS:

Pivot:: 7813

Resistance: 7854/7877/7917

Support: 7780/7748/7725

NIFTY FnO BAN:

GMR INFRA, HDIL, IBREAL, JAIPRAKSH, UNITECH

STOCKS FOR DAY: 

Asian Paints Eq. : Buy > 613 Trg 627 SL 605

Hindalco Eq: Buy > 196 Trg 199.50 SL 194

Sail Eq: Buy > 89.50 Trg 92 SL 88

Arvind Eq: Sell < 233 Trg 230/228 SL 235

24-07-2014 MARKET TECHNICAL VIEW:

MARKET TREND - ROARING STOCKS:

NIFTY closed in green on 8th day in a row.   Nifty formed Double Top along with Bearish Reversal Candle, which creeping under the Trend Line.   These are all ALERTING us to be CAUTIOUS IN OUR  TRADES by keeping Trailing Stop Loss for our Positions or Day Trades.  Continuation of Poor Market Breadth is seconding the need of Caution on Bearishness.  Today closing will be critical to get an idea about Nifty's further movement.     

Yesterday also FIIs are in long side in Equity and Index Futures segment for worth of 652.40cr and 52.38 cr respectively.   FIIs have added 11407 longs and 10077 shorts which given 1330 contracts of Net Buying by adding 21484 contracts to OI.    Derivatives OI range is intact between 7700-8000 by increasing active range  7800-7900 level.   Even though we treat 8000 as Wall of Resistance, immediate Trend Resistance is at 7880/7885 level.   As cash flows are in tact during this Result Time, Market volatility likely to be continue.

In line with Peer Markets Nifty likely to open with negative bias and may go for consolidation of Trend.  We advise you to take breath for a while, in case Nifty breaks yesterday's high/low and strictly make a Trailing SL for your Trades.

NIFTY SPOT LEVELS:

Pivot: 7786

Resistance 7818/7842/7875

Support: 7762/7729/7706

NIFTY FnO BAN:

GMRINFRA, HDIL, IBREAL, UNITECH

STOCKS FOR DAY:

JINDAL SAW EQ: BUY > 80.50 TRG 86 SL 77

SUN PHARMA EQ: SELL < 748 TRG 742/736 SL 755

 ACL EQ: SELL < 218.50 TRG 212.50 SL 222

Note: Movementum Trades: WIPRO (today is results day, which indicate sell @ high)

DISCLOSURE NOTE: These are scribed for self. Others can consult their adviser before initiate any trades.

 

23-07-14 MARKET TECHNICAL VIEW:

MARKET TREND - ROARING STOCKS:

Yesterday Nifty made path to go further high and we may not surprise if it creates new record by beating earlier high.   But one should be careful as the Charts are forming 'Rising Wedge Pattern", which generally go for correction after forming 3 highs during 3 to 6 months period.   Our Nifty going to form 3 highs (First one at Election result,  there after 7809 on 8th July and 3 rd one expected with in these derivative near session closing.  Trend Line Resistance is showing at 7880 level.  As per Derivative OI range Nifty range is in between 7500-8000 along with active range of 7700-7800.

Yesterday FIIs are in buying side both in Equity and Derivatives session for worth of 412.03 cr and 1200.60cr (which is high after 13-5-14) in Index Futures respectively.  Yesterday Bulk Deals also happened in high value stocks like Infosys, HCL, Biocon etc.   But surprisingly Market Breadth was in negative due to profit booking in Mid cap and Small Cap Segment.  RSI also indicating Negative Divergence. PCR indicate Nifty as in little over bought zone PCR (1.03).  FIIs are accumulating CE and PE shorts at higher range of market, which odiously measure as trend reversal area.   

Today Nifty likely to open with positive note in line with SGX Nifty and other Asian Indices.  

NIFTY SPOT LEVEL:

Pivot: 7748

Resistance: 779/7818/7862

Support: 7724/7680/7655

NIFTY FnO BAN:

GMR INFRA, HDIL, IBREAL, UNITECH.

STOCKS FOR DAY:

RELIANCE: BUY > 1022 TRG 1042/1054 SL 1010

KALYANI STEEL : BUY > 110.50 TRG 114/116 SL 108.50

PETRONET : SELL < 180.50 TRG 176 SL 184 (SELL AT MARKET HIGHS)

22-07-14 MARKET TECHNICAL VIEW:

MARKET TREND - ROARING STOCKS:

Nifty had consolidation move and closed positive on 5th day also.    As we expected till Bank Nifty supported Nifty gained more than its later stage and finally managed to closed above (psychological) support of 7680.   As many analysts expected 7730/7740 become resistance zone and holding Nifty.    Unless 7735 breaks, Nifty can't reach its immediate target level 7800 and there on 8000 which is Highest OI area.   

Even though, Yesterday Nifty closed with positive note, in total derivative sector FIIs cash flow is nil (0) which might be forced Nifty to closed with red candle.  In index Futures FIIs net Buyers of 7669 contracts worth of 294.99 cr by adding 2874 Longs and Square Off of 4795 Short contracts, which resulted decrease of 1921 contracts OI.   RSI and MACD indicators are in opposite direction, which confusing Traders mostly.   As 7700 area become more supply area, Traders should be cautious between 7680-7740 with strict SL.

Today Nifty likely to open with positive note in line with SGX Nifty and likely to be range bound.   Incase Nifty breached 7660 may get support at 7610 level.

NIFTY SPOT LEVELS:

Pivot: 7693

Resistance: 7712/7742/7761

Support: 7605/7645/7616

NIFTY FnO BAN:

DISH TV, GMR INFRA, IBREAL, IRB AND UNITECH.

STOCKS FOR DAY:

IFB IND:  Buy > 154 trg 158 sl 151

HDFC : Buy > 1005 trg 1022 sl 994

MARKSONPHARMA: Buy > 35 trg 36.50 sl 33.50 

(if acquisition news becomes true, price may go further high. positional traders can maintain 31.50 as SL for target of 60 plus)

18-07-2014 MARKET TECHNICAL VIEW:

MARKET TREND - ROARING STOCKS:

Yesterday Market was day of consolidation as many expected.  Closed marginally positive irrespective of non-support from Peer Markets which almost closed in Red.   FIIs are net buyers in Index Futures worth of 520 cr of 13636 contracts.  They added 6553 Long contracts and Short covered 7083 contracts by decreasing OI by 530 contracts.   In Equity segment also they are net buyers 1912.42 cr.  DIIs are net sellers of 1316.02 cr.  Market maintained its Positive Breadth.   OI range is intact between 7500-8000.  But active range has been improved to 7600-7700.    Rupee become weaker.  As Nifty closed below its resistance level, even though tried to break, Nifty may be range bound one more day.   Only volumes can break this resistance, which one expect with good results from ADAG group results.  To surprise even though many individual stocks had good run, total Market is Not Pushed to Over Bought Position.  This indicate that: wisely Indices Rotation is happening on regular basis.  Good stocks being appreciated, Poor stocks are getting punished.

Nifty may open with negative bias in line peer markets and try to get support from 7590/7570 level.  Since today is Friday, market may be little volatile to re-organise positional traders' positions.

NIFTY SPOT LEVELS: 

Pivot: 7636

Resistance: 7660/7680/7703

Support: 7616/7593/7573

NIFTY FnO BAN:

DISHTV, GMR INFRA, HDIL, IBREAL, UNITECH

STOCKS FOR DAY: (WAIT FOR MARKET POSITIVE TURN)

HINDALCO, NBCC, KOLTEPATIL

17-07-2014 MARKET TECHNICAL VIEW:

MARKET TREND - ROARING STOCKS:

We may feel happy to observe the Upbeat Bullish Mood of our Retailers.  They are flying in glider in air direction and must be feeling joyous.   Only thing they should measure their stamina, in case wind direction changes needed control and safe landing.     Bank Nifty up move may surprises many fundamental analysts.   Because there is lot of strain foresee for banks with MODI BUDGET.  For example; change in taxation for debit funds and Relaxations to Infra Sector, Trade Deficit, NPAs etc.  Mostly Budget concentrated on immediate Physical Deficit and Long Term Growth, which is good for India in Long Run.   But Debit funds Taxation Part puts Immediate pressure on Banks liquidity (for shorter period).

Yesterday FIIs also joined with our retailers and supported Nifty movement.   FIIs are net buyers in Equity Segment for worth of 621.68 cr.   But they are net Sellers (24.74 cr) in Index Futures Segment by adding Longs (18754) and Adding almost same quantity of Shorts (.19384).  DIIS are marginal sellers in Equity Segment.   Market Breadth is continued its positiveness.   Derivatives OI range intact between 7500-8000 along with its active range of 7500-7600.   

As Nifty at resistance zone of 7650, market may get resistance 7665 level and initiate volatility.   

NIFTY SPOT LEVELS:

Pivot: 7600

Resistance: 7665/7706/7773

Support: 7557/7491/7450

NIFTY FnO BAN: DISHTV, GMR INFRA, HDIL, IBREAL, UNITECH

STOCKS FOR DAY:

HINDALCO, BHARATFORGE, JPINFRA.

16-07-2014 MARKET TECHNICAL VIEW:

MARKET TREND - ROARING STOCKS:

We all have to believe that: In Market Every Movement is Unique and Every day it Surprises some/many people.   More ever Indian participants are more impulsive to react and no Technicals or Fundamentals can hold them back to act.   For example yesterday RBI announcement regarding Infra Sector Loans, same thing happened. Our retailers/DIIs are more participative than FIIs by forgetting that: more loans will increase cost of Companies except increasing its activity.  Activity may give good feel/impression but surely not increase EPS.  Market Breadth is positive and our DIIs are net buyers in Equity Market by 471.78 cr against FII's selling of 3.4 cr.   In Index Futures segment also FIIs are marginal buyers of 1794 contracts worth of only 67.30 cr.   FIIs cautiously traded in Index Futures by adding 8503 longs and 6709 shorts by increasing contracts of 15212 open interest.  

Market data indicate as Trading Bulls are back and Bears may force to go for short coverage at this present level.  But Bears may Try Hard to give resistance at 6520/6550 level which most of Bulls also expected and try to book their profits.  In case short coverage is strong, Market re-test its earlier high 7800 before it get correct.   Derivatives OI range has regained to 7500-8000 range, even though active range is in between 7500-7600.

Today also market likely to open with positive note in line with Peer Markets and continuation to yesterdays' spell.     Market may be range bound after open and likely to get resistance at 7630 level.

NIFTY SPOT LEVELS:

Pivot: 7506

Resistance: 7554/7583/7630

Support: 7478/7431/7403

NIFTY FnO BAN:

DISHTV, GMRINFRA, HDIL, IBRAL, IRB, UNITECH

STOCKS FOR DAY:

KPIT, IDEA, POLARIS

15-07-2014 MARKET TECHNICAL VIEW:

MARKET TREND - ROARING SOCKS:

Market shifted to Trading Zone from its accumulation zone.  Market neither in Over Bought nor in Over Sold situation.   Yesterday's Trend Line breaking, irrespective of Good Economic Data is not good sign.  This indicate Investors wants their positions to re-organise at every movement.  In this kind of situation selective stocks will be picked up and other selective stocks will be sold (shifting of strips).    

Yesterday FIIs are net buyers both in Equity & Index Futures for worth of  558.25cr and 503.12 cr respectively by adding 4994 longs and short covering of 8463 shorts contracts in Index Futures, which resulted increase of OI by 444100 contracts.  Nifty may get support at 7400/7380 level and get resistance at 7500/7520 level.  Once it crosses 7650 will be strong resistance area.  Derivatives OI range has been widened between 7400-8000 along with active range of 7400-7600.   PCR range (0.73) welcoming MORE BUY and RSI, MACD & CE accumulation suggesting SELL at HIGH. Any how Traders should be with Strict SL to minimise their TRADING VALUE to sustain Longer time in Market. 5th continue fall of Nifty may prompt bottom fishing/pull back rally, which generally short lived.

Today Nifty likely to open with positive note in line with Peer Markets and likely to close in red.

NIFTY SPOT LEVELS:

Pivot: 7452

Support: 7424/7395/7368

Resistance: 7481/7508/7537

NIFTY FnO BAN:

DISHTV, GMRINFRA, HDIL, IRB INFRA.

STOCKS FOR DAY:

IDEA FOR LONG AT NIFTY LOWS & GULF OIL and GODREJ PROP. FOR SHORT AT HIGHS.

15-7-14 MARKET TECHNICAL VIEW:

MARKET TREND - ROARING SOCKS:

Market shifted to Trading Zone from its accumulation zone.  Market neither in Over Bought nor in Over Sold situation.   Yesterday's Trend Line breaking, irrespective of Good Economic Data is not good sign.  This indicate Investors wants their positions to re-organise at every movement.  In this kind of situation selective stocks will be picked up and other selective stocks will be sold (shifting of strips).    

Yesterday FIIs are net buyers both in Equity & Index Futures for worth of  558.25cr and 503.12 cr respectively by adding 4994 longs and short covering of 8463 shorts contracts in Index Futures, which resulted increase of OI by 444100 contracts.  Nifty may get support at 7400/7380 level and get resistance at 7500/7520 level.  Once it crosses 7650 will be strong resistance area.  Derivatives OI range has been widened between 7400-8000 along with active range of 7400-7600.   PCR range (0.73) welcoming MORE BUY and RSI, MACD & CE accumulation suggesting SELL at HIGH. Any how Traders should be with Strict SL to minimise their TRADING VALUE to sustain Longer time in Market. 5th continue fall of Nifty may prompt bottom fishing/pull back rally, which generally short lived.

Today Nifty likely to open with positive note in line with Peer Markets and likely to close in red.

NIFTY SPOT LEVELS:

Pivot: 7452

Support: 7424/7395/7368

Resistance: 7481/7508/7537

NIFTY FnO BAN:

DISHTV, GMRINFRA, HDIL, IRB INFRA.

STOCKS FOR DAY:

IDEA FOR LONG AT NIFTY LOWS & GULF OIL and GODREJ PROP. FOR SHORT AT HIGHS.

MARKET TREND - ROARING STOCKS:

Nifty getting corrected from its false growth (supply demand mismatch).   As Budget is given route map for most of the indices, stock valuation is more important in relevant to on going quarterly results.  As most of the corporates are planning for fund raising through many kinds of (qip, gdr, ipo, ncds, cross holding, open offers and amalgamation etc) financial instruments and other routes, one should understand the impact of that developments and short term and long term effects and go for positional calls or investments.   Any how technical traders are advised to maintain strict SL.  

On friday FIIs are net sellers in Equity and Index Futures segment for worth of 723.48cr and 533.84 cr respectively.   FIIs have added 12966 short contracts and sold 1461 long contracts in index futures by decreasing OI 17349 contracts.  Nifty Trend Line support is at 7440 is more important to hold the Nifty at this range.   Derivatives OI range is intact between 7500-8000, even though active range shrink to 7500-7700 level.

NIFTY SPOT LEVELS:

Pivot: 7510

Resistance: 7575/7690/7753

Support: 7395/7332/7217

NIFTY FnO BAN: DISH, GMR INFRA, HDIL

STOCKS FOR DAY: (POSITIONAL INVESTMENT)

JVLAGRO, IBPOWER

11-07-2014 MARKET TECHNICAL VIEW:

MARKET TREND - ROARING STOCKS:

Yesterday Even (budget) event has attracted lots of volatility range of > 250 pts Nifty and > 800 pts of Sensex. Nifty hold at 7480 level as we expected.  Budget was aimed more on Investment feasibility and Support for Core Sectors than individual chops, Industrial Production will improve along with infrastructure.  Even though Market closed in red, bottom fishing and shifting of indices witnessed.    Budget Chops received positively, most of the retailers rushed for investments in low priced infra stocks along with day traders short coverage, which resulted high volatility and positive Market Breadth. FIIs are net buyers in Equity for smaller amount of 161.55 cr and net sellers in Index Futures of 6830 contracts worth of 257.03cr by adding 6048 shorts and square off 782 long contracts. DIIs are also marginally net buyers for worth of 4.89cr.

Today Market may witness usual Calmness  ofter any Storm.   Holding Yesterday lows are more critical for Nifty to maintain uptrend.

NIFTY SPOT LEVELS:

Pivot: 7593

Resistance: 7706/7845/7958

Support: 7454/7340/7202

NIFTY FnO BAN: DISHTV & GMR INF

STOCKS FOR DAY: IBREAL, UNITECH, ABAN

10-07-14 MARKET TECHNICAL VIEW:

MARKET TREND - ROARING STOCKS:

All we know that: no Guests will remain in house once House Event completes. Similarly many Stocks will try to leave to its place/levels.  In other words Many gather at Melas to enjoy, but one should be careful with pollution and pic-pocketers etc. to keep that joy for long.   This logic will apply to all events, whether it is House Event, Mela or our Budget, because it all made with public. (for Indian Investors Budget is an Event).

As we expected, Nifty got support from 7550 level and closed with positive note even though it could not get support from its Asian Peer Markets. Nifty Futures closed without any Premium. Most of the Strips have got corrected to its average levels/real value levels from its extra running. Due to selling pressure in Mid cap and Small cap indices, Market Breadth was poor.  FIIs have bought 645.19 cr in Equity Segment. DIIs have sold worth of 265.19 cr.   In Index Futures FIIs are net sellers of 17452 contracts worth of 662.64 crs. (added 11587 shorts and sold 5865 long contracts by decreasing OI by 5722 contracts).  Derivatives OI range is intact between 7500-8000.  Market volatility will continue and Nifty may get support from 7480/7500 level and may get push with Short Coverage, which accumulated from last 2 days.   Once 7480 breaks, Nifty may slide further and advise the traders to wait for Market reversal.

NIFTY SPOT LEVELS:

Pivot:  7595

Resistance: 7640/7694/7738

Support: 7541/7497/7442

NIFTY FnO BAN: 

GMR INFRA, IBREAL, UNITECH

STOCKS FOR DAY:

Better to Book Profits and wait for Fine Tuning of Prices with Budget priorities.

09-07-2014 MARKET TECHNICAL VIEW:

MARKET TREND - ROARING STOCKS:

Yesterday Nifty has got corrected on disappointment (due to non-dynamic budget).   This could be an opportunity to Positional Traders to average their holdings and minimise their Cost of Holdings.   Yesterday Market left with weak technicals and sentiment.   FIIs are net Buyers in Equity Segment for worth of 422.72. DIIs are net sellers.   In Index Futures FIIs are net Sellers for worth of 14173 contracts valuing  549.62 cr.  FIIs have added 7999 shorts and 6174 longs squared off by increasing OI of 1825 contracts.  As sentiment weaken due to disappointment market breadth was weaken.  Derivatives OI range is intact between 7500-8000 and PCR recorded at 0.77 indicates that Market has left the steam for up movement.   Nifty has good support at 7480/7500 level and Trend Line Resistance at 7850. Fibonacci Support at 7550.  Todays Economic Data and Tomorrows Budgetary Nos. can fuel for Market Volatility.

Today Nifty likely to open with negative bias in continuation to yesterdays fall and in line with Peer Markets.  Nifty likely to get support from lows.

NIFTY SPOT LEVELS:

Pivot: 7675

Resistance: 7756/7889/7969

Support: 7543/7463/7330

NIFTY FnO BAN: GMR INFRA, IBREAL, UNITECH

STOCKS FOR DAY:

Better to go for Average of Holdings instead of going new strips.

08-07-2014 MARKET TECHNICAL VIEW:

MARKET TREND - ROARING STOCKS:

Yesterday Market faced volatility due to Traders & Investors shifting from Index to Index and with influence of Peer Markets.   As most of the stocks have made good journey with Budget Expectations and Product Prospectors, Short Term Traders and Investors may go for Profit Booking by using Good News or they Feel Disappointment with Budget priorities.  Yesterday even though Nifty recorded New High, FIIs are net Sellers in Equity Segment and Index Futures for worth of 1487.39 cr and 850.60 cr respectively (by adding 9987 Shorts and 11849 Longs squared off for worth of 850.60cr).  RSI also seconding this inner weakness But DIIs are net buyers worth of 198.57 cr.   Market breadth is in Positive.  PCR (0.67) showing over sold situation. These are indicate that: Market can absorb some more money along with volatility.

Today Nifty may open flat in line with Peer Markets and go for profit booking at every high.  7850 has got Trend Line Resistance.

NIFTY SPOT LEVELS:

Pivot: 7778

Resistance: 7801/7815/7838

Support: 7764/7741/7727

NIFTY FnO BAN: 

GMR INFRA, IBREAL, UNITECH

STOCKS FOR DAY:

RECL, GANESH HOUSING, DHFL, RELINFRA

07-07-2014 MARKET TECHNICAL VIEW:

MARKET TREND - RORAING STOCKS:

Friday Nifty moved as many of us expected.   It has taken Technical Support from selective stocks.   FIIs are net Buyers in Equity for worth of 943.19 cr and DIIs have sold worth of 853.10 cr.   In Index Futures FIIs are net Buyers of 1417 contracts worth of 53.40 cr.. by adding 3470 Longs and 2053 Short contracts by net decreasing OI of 5523 contracts.   Market Breadth was closed in Positive.  PCR and RSI is not yet in over bought zone.   Trend Line Resistance at 7850 level.   As this Week Market is going to be driven by Budget News and Quarterly Results of Corporates, volatility will be high and traders should be careful in their day trades/positional traders with strict SL.

 Today Nifty likely to open with Positive Note and likely to be range bound.   Positional Traders will  wait for Budget and Day traders can trade with Pivot levels with strict SL.

NIFTY SPOT LEVELS:

Pivot: 7723

Resistance: 7786/7820/7882

Support: 7689/7626/7592

NIFTY FnO BAN: 

DISHTV, GMRINFRA, HDIL,  IBREAL, UNITECH

STOCKS FOR DAY:

POLARIS, JINDALDRILL, PTC FIN SER, PATEL INT. LOG

04-07-2014 MARKET TECHNICAL VIEWl:

MARKET TREND - ROARING STOCKS:

Market moved yesterday as many expected along with UN-expected Terminal Break.   US market also created new record.   Stock specific action continued based on news and new (budget) expectations.  Yesterday FIIs are net sellers by 6919 Index Futures worth of 266.68cr by adding 1884 Shorts and 5075 Longs Square off.  Index Futures looses 3231 contracts OI along with Market negative closing, which indicate Market is due for up movement from day lows.  PCR & RSI Divergence also indicate this up movement.  But due to profit booking in Mid cap and Small cap Indices (particularly by DIIs), Market Breadth was in Negative in Second day also.   But in Equity Segment FIIs are net Buyers for worth of 950.82 cr. As Derivatives OI range is intact with in the range of 7500-8000 along with active range of 7600-8000, Nifty likely to be volatile in these range as Budget News flows.

Today Nifty likely to open with positive note and get support from its Pivot level to close positive by end of the day.  Crude Oil prices also will be supportive to Market.

NIFTY SPOT LEVELS:

Pivot: 7725

Support: 7696/7677/7648

Resistance: 7744/7773/7792

NIFTY FnO BAN:

DISHTV, GMRINFRA, HDIL, IBREAL, UNITECH

STOCKS FOR DAY:

BHEL, APPOLOTYRES, ARVIND, TITAN

03-07-14 MARKET TECHNICAL VIEW:

MARKET TREND - ROARING STOCKS:

Yesterday Nifty has closed at new high as we expected.   All Indices (except media) have participated in the rally.  To surprise as per PCR still market is below 1.00 (0.86), which indicate as: some more steam left behind to push the Nifty to further high.  Yesterday FIIs are net Buyers in Index Futures  worth of 560.98 cr through 14485 contracts by adding 22511 Longs and 8026 Short.  By which OI increased 30537 contracts.  In Equity Segment FIIs are net Buyers for Rs.1290.68 cr and DIIs are net sellers for worth of 407.71 cr.  Market breadth was maintained in positive.  Rupee was strengthened by 0.24 pcs.  Derivatives Range has been increased to 7500-8000 along with active range of 7600-8000.  

To Nifty likely to open with positive note in line with Peer Market.  May be range bound till HSBC PMI data releases and Europe Market Opens. 

NIFTY SPOT LEVELS:

Pivot : 7711

Resistance: 7745/7767/7802

Support: 7690/7656/7635

NIFTY FnO BAN:

DISHTV, HDIL, IBREAL, UNITECH

STOCKS FOR DAY:

HINDALCO, EXIDE, JSW HOLDINGS

02-07-2014 MARKET TREND VIEW:

MARKET TREND - ROARING  STOCKS:

Yesterday FIIs are net sellers of 1229 contracts worth of 47.41 cr. in Index Futures by adding Longs 2684 and Shorts of 3913 contracts.  We may please to note that in recent days: FIIs stocks specific Buying is much more than their Shorts accumulation in Index Futures.   In Equity Segment they are net Buyers worth of 856.35 cr and DIIs are net sellers worth of 774.66 cr.   Market Breadth was maintained its positiveness.    With Yesterday's consolidation Nifty may test its earlier High and try to cross its near high of 7700.

Today Nifty may open with positive note in line with SGX Nifty and may try to hit the resistance range.

NIFTY SPOT LEVELS:
Pivot: 7634
Resistance: 7650/7665/7681
Support: 7618/7602/7587

NIFTY FnO BAN: DISH TV, HDIL

STOCKS FOR DAY:
IRB, JINDAL HOLDING, ATLANTA