01-09-2014 MARKET TECHNICAL VIEW:

MARKET TREND - ROARING STOCKS:

New month going to start with more volatility and new hopes.   Financial data has given new hopes on economy and growth turn to positive  etc.   Today market has got one threat of Coal India Scam at Supreme Court.  Negative comments if any, will disturb the sentiment, as many corporates growth/performance is linked with this scam.    If the court doesn't allow to continue the coal operations, many core sector (power & steel) corporates may face raw material problem and there by hamper production.   If the corporates' performance hamper, Bank also automatically get effected.  Today HSBC PMI data also can add fuel to fire of market trend.  

Even though, Thursday Nifty closed with positive note, Market Breadth was not much encouraging.  FIIs are net sellers in Equity by 710.63cr.   Due to roll overs and other reasons in Index Futures Segment FIIs are net buyers for worth of 847.03 cr.  DIIs are net Buyers in Equity for worth of 730.43cr.

Today Nifty likely to open with positive note (with gap up) may get adjust the premium with new series.   Nifty support lies at 7900/7920 level and resistance at 8020/8040 level.

NIFTY SPOT LEVELS: 

Pivot: 7954

Resistance 7968/7982/7997

Support: 7940/7925/7911

NIFTY FnO BAN: NIL

STOCKS FOR DAY

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28-08-2014 MARKET TECHNICAL VIEW:

MARKET TREND - ROARING STOCKS:

Nifty closed at another new high.   As we expected good roll overs are happening.  As we are going to have long week end along with derivative session (month series) is going to end today, we can't ruled out volatility.  From last 1 week Nifty has not done much only it has increased only 60 pts by creating records of new intra day high and record high closing.    Nifty maintaining its resistance level at 8000, which most the participants wants to see.    With high volume of options at 8000 level, bulls and bears are betting to beat each other.  Even yesterday FIIs are net buyers in equity and derivative segments for the worth of 290.18 cr and 437.81 cr respectively.   FIIs have added 31663 longs and 20908 short contracts by increasing OI of 52571 contracts in derivatives session.    From last 5 sessions Nifty has lost 3660900 contracts in its OI, which indicate good rollovers.   Even though Nifty is in range bound by maintaining its new levels, most of the  days Market Breadth closed in minus, which indicate, most of the mid cap and small cap stocks are facing selling pressure.  PCR closed at 1.02 which indicate little over bought situation. Rupee closed at improved position at 60.35 by strengthening 016pcs. Positive Expectation of weekly GDP (yoy) at 5.2% level will be added advantage for Traders. (expected on 29th which is trading holiday on event of Ganesh Festival)

Nifty likely to open with positive note and my get resistance at 8000 (at new high) level and may sign off for profit booking.   Day traders can go for shorts with 8020 SL for Target of 7930/7920 level.  

NIFTY SPOT LEVELS:

Pivot: 7933

Resistance: 7950/7963/7980

Support: 7919/7902/7889

NIFTY FnO BAN: 

IBREAL, JAIPRAKASH, REL CAPITAL.

STOCKS FOR DAY:

IRB INFRA EQ: BUY > 253 TRG 257 SL 250.50

AJMERA REALITY & INFRA EQ;  BUY > 69 TRG 73/75 SL 66

ARVIND EQ: SELL < 282/278 TRG 275 SL 285 (TRADE IN  pe SEPTEMBER SERIES)

KOTAK BANK EQl SELL < 1043 TRG 1027 SL 1056 (TRADE IN  pe SEPTEMBER SERIES)

27-08-2014 MARKET TECHNICAL VIEW:

MARKET TREND - ROARING STOCKS:

Yesterday Nifty witnessed some more roll over along with volatility.   FIIs are net buyers in Equity and Derivatives segment for worth of 364.72 and 269.05 cr respectively.   FIIs have bought 3768  longs and 2951 short coverages by increasing of 817 contracts.   DIIs are net sellers for the worth of 259.18 cr.  Market breadth closed in negative and along with rupee (60.51).  Derivative OI is intact between 7700-8000 along with increased active range to 7900.   Nifty resistance continued at 7920/7940 level  and support at 7780/7800 level, which we are witnessing from last 4 trading sessions.   Volume and Value indicators suggest that: sell at highs during this settlement period.   As cash flows are intact, Govt. revamping measures are encouraging, we can see good roll overs by which market range will be intact for time being.

Today Nifty likely to open with positive note and likely to be volatile.   Day traders can go short with 7940/7950 SL.

NIFTY SPOT LEVELS:

Pivot: 7894

Resistance: 7925/7947/7979

Support: 7873/7841/7820

NIFTY FnO BAN:

IBREAL, IRB INFRA, JAIPRAKASH

STOCKS FOR DAY:

PETRONET LNG EQ: BUY > 182 TRG 186 SL 180

AJANTA PHARMA EQ: BUY > 1622 TRG 1644 SL 1604

SHASUN PHARMA EQ: SELL < 222 TRG 210/200 SL 232

DLINK EQ: SELL < 93.75 TRG 91/88.75 SL 98

26-08-14 MARKET TECHNICAL VIEW:

MARKET TREND - ROARING STOCKS:

Yesterday many people may be realised or recollected the importance of SL in Share Market Trading. When all most all analysts are expecting and aiming for positive closing, only one Supreme Court Comment on Coal Issue has changed the Market direction and forced to close in flat.   Even though Fear Psycho Retailers have rushed for selling, which resulted negative market breadth.    FIIs have maintained their buying (mostly rollover) by hedging with Index Options and Stock Options. FIIs are net buyers in Equity and Index Futures Segment for the worth of 127.33 and 191.56 cr respectively.   But due to hedging on total Derivatives Segment they are net sellers for Rs. 85.99 cr.   DIIs are net buyers for worth of 45.71.  As Nifty neither able close above 7920 not breach the Trend Line Resistance which is at 8000 level, bulls must be re-valuating their closing strategy.    If the Nifty breaches 7880 level, this series closing may be between 7750-8000 level.  

Today Nifty likely to open flat with negative bias and may be range bound due to roll over exercise.  Revamping and Plugging exercise will be listen from some more departments (FIIs & FDIs will receive positively), stock specific action can't be ruled out.

NIFTY SPOT LEVELS:

Pivot: 7924

Resistance: 7950/7995/8020

Support: 7880/7854/7810

NIFTY FnO BAN:

HDIL, IBREAL, IRBINFRA, JPASSOCIATED

STOCKS  FOR DAY:

RPOWER EQ: SELL < 83.75 TRG 80/78  SL 86

PETRONET  LNG EQ: BUY > 177.50 TRG 179.50/182 SL 175

SUPRAJIT ENG EQ: BUY > 118 TRG 119.50/121 SL 117

 

25-08-2014 MARKET TECHNICAL VIEW:

MARKET TREND - ROARING STOCKS:

Friday Nifty closed at its ne high irrespective of its peer markets closed in red.   FIIs are net buyers in both Equity and Index Futures Segment for the worth of 302.06 cr and 448.55 cr respectively.  FIIs have added 9621 long contracts along with going for short coverage of 1664 contracts, for which OI increased by 7957 contacts.  DIIs are net sellers in Equity Market for worth of 183.64 cr.  Market Breadth also weakened , due to selling pressure in mid cap and small cap segment   As we have neared to the near month derivatives session, and unrest prevailing in Gulf and Syria, due to the fear of  US attacks and going to have smaller trading week (in view of Ganesh Festival), Nifty will be more volatile and traders advised to maintain strict SL to minimise their trading cost.   As Nifty closed at new high with out having much shorts in the system, only roll over pressure will continue till the settlement.

Today Nifty likely to open Flat in line with peer markets and likely to get support at 7880/7900 level and may close with positive note.

NIFTY SPOT LEVELS:

Pivot: 7914

Resistance : 7928/7943/7957

Support: 7899/7885/7870

NIFTY FnO BAN:

HDIL, IBREAL, IRBINFRA, UNITECH

STOCKS FOR DAY:

TITAN EQ: BUY > 365 TRG 369/373 SL 359

ENGINEERS INDIA EQ: BUY > 238 TRG 241/243 SL 236 (POSITIONAL WITH TRAILING SL)

DLF EQ: SELL < 195 TRG 193/190 SL 197.50

MARUTI EQ: SELL < 2750 TRG 2733/2711 SL 2772

22-08-2014 MARKET TECHNICAL VIEW:

MARKET TREND - ROARING STOCKS:

Yesterday Nifty played with in the range as we expected.  Yesterday market was driven by news from Bank Sector (RBI quarters) and Oil Sector about their revamping exercise to streamline their activities.  Even though it hold at 7920, index closed in positive.    FIIs and DIIs are net buyers in Equity Segment for worth of 412.77 and 63.74 cr respectively.   In Index Futures FIIs are net sellers for the worth of 157.58 cr by accumulating shorts of 3050 and 958 longs contracts were square off.  As we mentioned earlier 7920 and 7740 levels are become very critical for nifty to take the clear direction.   Due to mid cap and small cap participation, market breadth continued to be in positive.   As negative divergence of indicators, Technical Traders are getting confused (RSI indicate positive and Movement Indicator gives Negative direction) and  also fueling volatility to play with in the range.  Derivative range is intact between 7700-8000 along with increased active range of 7900-8000.

Today Nifty likely to open with positive note in line with peer markets and likely to get resistance at 7920.   Day traders can go short with 7955 SL for the down side target.   Once Nifty closes above 7940 level,  Nifty may try for 8000/8020 level. Week end and derivative session (near)  to be kept in mind for carrying positions.

NIFTY SPOT LEVELS:

Pivot: 7889

Resistance: 7922/7952/7995

Support: 7858/7825/7794

NIFTY FnO BAN:

HDIL,  IBREAL, UNITECH

STOCKS FOR DAY:

KALYANI STEEL EQ: BUY > 110 TRG 116 SL 101/97

TECHMAH EQ: BUY > 2236 TRG 2247/2258 SL 2225

CIPLA EQ: SELL < 500 TRG 493/486 SL 507

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21-08-2014 MARKET TECHNICAL VIEW:

MARKET TREND - ROARING STOCKS:

FIIs are net buyers in Equity and Index Futures for worth of 251.36 and 276.73 cr irrespective of Nifty and Sensex closed in Red.   In Index Futures segment FIIs have added 2777 long contracts and 4255 short contracts were squared off by decreasing overall Oi by 1478 contracts.  DIIs have continued their selling in Equities for worth of 481.37 cr on second day also.  Market breadth was closed in positive even though breadth was lesser than previous day.  Derivative's OI range was in tact between 7700-8000  but active range has reduced to 7700-7900, which indicate Nifty is getting resistance at higher level. Rupee was strengthened by 0.18 paise and closed at 60.57.     As many analysts are expecting, Nifty big move is ahed in coming 2 days.  7740 and 7920 are critical levels for either way move.

Today Nifty likely to open flat and wait for clues from Europe Market and till that time we may see range bound trades.   Day traders can go short at 7890 level with SL of 7920/7940 and Nifty likely to close with negative bias by end of the day.

NIFTY SPOT LEVELS:

Pivot: 7887

Resistance 7910/7946/7969

Support: 7852/7829/7793

NIFTY FnO BAN: UNITECH

STOCKS FOR DAY:

BHEL EQ: BUY > 230 TRG 234 / 236 SL 227

JPINFRA EQ: BUY > 35.50 TRG 37/38 SL 34.50

SUNPHARMA EQ: BUY > 834 TRG 862 SL 818

OBC EQ: SELL < 264 TRG 261/257 SL 268

20-08-2014 MARKET TECHNICAL VIEW:

MARKET TREND - ROARING STOCKS:

Yesterday Nifty opened above the resistance zone and not given any room to look for shorts.   FIIs have continued their Buying in Equity and Derivative Segments.  DIIs have sold for the value of 263.37cr in Equity.   In Derivative Section FIIs have added 539.39 cr in Equity and 9083 cr in Index Futures along with  short coverage of 2333 cr by which OI has been increased by 6750 contracts.  As DIIs are in selling side mid cap and small cap faced the selling pressure and reduced market breadth than previous, even though longs are more for present day.  Due to the selective large cap stocks are being picked up by traders, volume of stocks looks more than value of stocks and PCR closed at 1.00 by reducing 0.06 than previous along with negative closing of cash money flow indicators.  Derivatives OI range has been improved to 7700-8000 along with active range of 7800-8000.

Today Nifty likely to open flat with negative bias and likely to get support at 7880 and resistance could be 7955.   Positional traders can go short with 7980/7820 SL for derivative session closing which likely to be between 7750-7800.

NIFTY SPOT LEVELS:

Pivot: 7899

Resistance: 7916/7936/7954

Support: 7880/7861/7842

NIFTY FnO BAN: UNITECH

STOCKS FOR DAY:

APPOLO TYRES EQ: BUY >  171 TRG 175 SL 169

PRATIBHA IND EQ:  BUY > 57 TRG 59.50/61 SL 55

KOTLE PATIL EQ: BUY > 164 TRG 168 SL 161

GULF OIL EQ: SELL < 166 TRG 163/160 SL 167.50

19-08-2014 MARKET TECHNICAL VIEW:

MARKET TREND - ROARING STOCKS:

Yesterday Nifty has maintained its upbeat and closed at New High.     FIIs are net buyers in Equity and Derivative sessions along with positive market breadth.   DIIs also in buying side.   FIIs have added 1446 shorts and 6980 long contracts by increasing OI by 8426 contracts.    PCR was shooed to more than 1 level (1.06) along with active range of OI to 7800-7900 level.   As market shorts are almost covered which created at higher level, bulls will try to en-cash this upbeat and likely to create shorts at market high.  Now Trend line and Fibonacci resistance is lying at 7980 level.   As market is likely to  take breather, from 7945/7960 level and from its continuous positive closings, day traders/short term traders can trader for lower side with SL 7980.   

NIFTY SPOT LEVELS:

Pivot: 7845

Resistance: 7910/7945/8011

Support: 7809/7744/7707

NIFTY FnO BAN: UNITECH

STOCKS FOR DAY: 

ICICIBANK EQ: BUY > 1516 TRG 1551/1568 SL 1496

LIC HSG EQ: BUY > 291 TRG 298 SL 287

DELTA CORP EQ: BUY > 80.50 TRG 91.75 SL 88

CARRIER POINT EQ: SELL < 107 TRG 103 SL 110

HOW TO WIN TRADES REPEATEDLY? Question Ourselves!

Practically we all know how to win.   Other wise we would have not grown up to the level of reaching Share Market.

But why most of us feel  as we are loosing Trades?   Is it not worry some? Really.....

We all should do some home work before going to the Exchange Desk.  If not, always we will be  Looser only.

- Many Looser start thinking about today's success and bungle himself before starting itself.   

Stop thinking about the day. All days are good for good things.   We have to plan every day for for Earning.  Earning is not Sin.   There is no Good Day or Bad Day for Share Market. Also there is no Good Time or Bad Time.  Only this Market (good stocks do not have lower circuits) have Equal Buys and Sells at any given time.   All other markets may have variation in Supply and Demand and as well as Suppliers and Buyers.

- Any Buyer generally goes to Market:: Once he Finds his Need (that decides what he want). Know about Product (which can fulfill his need). Find his Place. Carry sufficient Cash/other negotiable instruments (as per his budget). Find the Source.  Compare with Available Alternatives.   Bargain for Better Price.  Then only he completes his purchase.  Even Seller too do the same kind of exercise. 

Instead of Finding/Preparing for all the above kind of questions, Many Looser go to the Share Market: by Listening Some News, with Recommendations, with Expectations,with Beliefs, with Over Confidence, with Emotions and with Great Extend Of Greediness.  Is it really gives enough success? Certainly Not.

- Many Looser losses their confidence and feel the Share Market as: This is not Correct Place to Invest.  This is Manipulated.  This is Gambling.  This is for Big People.   This need lots of Study/Knowledge.  This is very Complicated.   We cant Believe etc. Is it really very Odd? Certainly Not.

Really! Only this area of Investment is having more Information about Product.  Transparent in Dealing.  One Price at One Time. across the India  More Flexible in Quantum of Investment.  More Choice.  More Liquidity. More Safety (in view of theft or trespassing). You can be Seller or Buyer of the Product at Same Time. Opportunity for Extra-ordinary Profits vs-verse Loss also, due to more dynamic/volatile by nature.  More Tax Benefits.  

IN A ONE WORD, ALL WELL KNOWN BILLIONAIRES ACROSS THE WORLD ARE SHARE HOLDERS ONLY. CERTAINLY NOT WHO ARE HAVING MORE LAND BANK, GOLD RESERVES OR CASH DEPOSITS.

Once you take Gold, many don't know about the Quality of Product unless you go to the expert who have Calibrated Machinery.  You think about Land, many don't know about the Sanctuary of Documents and Position of Land, unless you verify with Different Authorities, even though you are well educated. When these are became darling for many people, why they suspect or blame Share Market?  Can we think this as foolishness?

(Once the Digital Trading Platform has commenced, many of loop holes have been curtailed.   Like any other place\system, even now also some pit holes may be there in system, which are regularly correcting by the Govt. authorities, when ever noticed.)

We request you all to send your observation and feelings about: how to get successful and repeated trades to : email: roaringstocks@rediffmail.com.

14-08-2014 MARKET TECHNICAL IN VIEW: WPI DATA & LONG WEEK END:

MARKET TREND - ROARING STOCKS:

Nifty managed to close in Plus on 3 rd also, irrespective of negative news from economic data source.   Even metallurgical department's negative comments.   Re-starting of Ukrain unrest also not cared by Market. RBI,s Governors' recent caution on investments (on global scenario) also not dented much.  Even though Nifty made good attempt to close above 7750 could not do it, but given signal about its upbeat.  By UN-predicted correction in Mid Cap Stocks, most of our Retailers tried to be Sand-witched   We feel Yesterday also short coverage only has much helped than selling pressure.  FII data informs that; they are in long side both in Equity and Derivatives Segment.  FIIs are in Buying side In Equity Segment 718.27 cr and Index Futures section 717.77 cr worth.   In index futures they added 27460 Long and 9005 Short contracts added by increasing OI by 36465 contracts.  Our DIIs are marginally in long side.    Due to mid cap and small cap selling pressure, Market Breadth was weakened. Rupee strengthened marginally and closed at  61.08.  Due to averaging factor/short coverage, active range of Derivatives improved to 7700-7800 from its 7600 base, even though overall range is in intact between 7600-8000. 

Nifty likely to open flat in  line with Peer Markets and wait for clues from economic data and Europe Market open.  WPI and Long week end are influential factors for day traders and likely to be volatile.  Positional Traders can go long with 7650 stop loss and day traders can be stock specific.

NIFTY SPOT LEVELS:

Pivot: 7731

Resistance: 7766/7792/7827

Support: 7704/ 7669/7643

NIFTY FnO BAN:

HDIL, IBREAL, IRB & UNITECH

STOCKS FOR DAY:

OBC EQ: SELL <  263.50 TRG 251 SL 272

RELIANCE EQ: BUY > 981 TRG 989/997 SL 972

CROMPTON EQ: SELL < 191.50 TRG 183 SL 200

ASHOKLEYLAND EQ: SELL < 34 TRG 33/32.30 SL 34.75

 

13-08-2014 MARKET TECHNICAL IN VIEW OF IIP & CPI DATA:

MARKET TREND - ROARING STOCKS

Yesterday Bulls optimum confidence on Indian Economy has forced them to go for short coverage along with new positions in Index Futures.  Interest to observe FIIs have sold 2720.07cr on 8-8-14 and bought only 1553.24 cr from last 2 trading sessions even in Markets' gap up opening situation.   Yesterday, unfortunately (as we cautioned),  more contrasting economic data has been released against to the most of analysts expectations.   Due to panic coverage of shorts by bears, Nifty crossed its Laxman Rekha also, which set/expected by most of the prominent analysts.   As bulls have covered up their lower side positions, market base has been improved to the level of 7600.    Now Bears choice how best they can corner Bulls.   Yesterday FIIs are Net Buyers in both Equity and Derivatives Segments, but DIIs are in selling side in small value of 39.78cr.  FIIs have bought 370.83 cr of Equity and  Net Buyers for worth of 1390.78 cr by adding 10668 Long Contract and Square of Shorts by 25546 contracts by which OI has been decreased by 14878 contracts.  Due to short coverage and new positions, Market Breadth was closed positively, even though it is less volumes than previous day.  Rupee was much weakened.  Derivatives OI range is improved to 7600-8000 but active range is in tact between 7600-7700.

Today Nifty likely to open flat/negative bias in line with our SGX Nifty and selling pressure by weak heart traders.    To average their holdings and bottom fishing, we may witness sluggishness in market.  Nifty may play between 7600-7800 for couple of days and may take direction there after.

NIFTY SPOT LEVELS:

Pivot: 7706

Resistance 7757/7787/7838

Support: 7575/7625/7595

 NIFTY FnO BAN: IBREAL & IRB INFRA

STOCKS FOR DAY:

GULF OIL EQ: SELL < 143.50 TRG 136.50 SL 148

 UFLEX EQ: SELL < 131.50 TRG 129.50/128 SL 133.50

JINDAL STEEL EQ: BUY > 277 TRG 281 SL 273

HDFC EQ: BUY > 1083 TRG 1102/1134 SL 1069

12-08-2014 MARKET TECHNICAL VIEW:

MARKET TREND - ROARING STOCKS:

Yesterday Nifty responded positively to the Economic related news and become volatile due open positions adjustment ie existing longs and puts.   By end of the day Nifty left with positive note and technically also.   One should be careful with this kind  of cover up trend.   As analysts are expecting IPP data may be positive and same way CPI data may be high (likely to release after market hours) which against the wish of RBI personnel.   In this contrast situation (between politics vs professionals & growth vs inflation), many news will flow in market and one should be particular about his particular investment.   Yesterday FIIs are net sellers in Equity Segment by -161.92 cr and Long in Index Futures for worth of 162.46 cr by adding 3234 long contracts and square of shorts by 1077 contracts.  Market breadth was closed in positive due to bottom fishing by retailers but Rupee closed  much weaker.  Derivative OI range is intact between 7500-8000 along with active range of 7600-7700.   

Nifty likely to open with positive note and may witness profit booking at higher side.  Day traders can go for shorts or profit booking at 7660/7680 level with 7700 SL.  As we mentioned in our earlier notes, unless Nifty closed above 7740/7750 (on eod basis), bearishness will not be nullified.

NIFTY SPOT LEVELS:

Pivot: 7620

Resistance: 7642/7657/7678

Support: 7605/7583/7567

NIFTY FnO BAN: IBREAL

STOCKS FOR DAY:

RELINFRA EQ: SELL < 714 TRG 697 SL 725

TECHMAH EQ: SELL < 2173 TRG 2144 SL 2190

PFC EQ : BUY > 262 TRG 265/268 SL 259

11-08-2014 MARKET TECHNICAL VIEW:

MARKET TREND - ROARING STOCKS:

Friday Market got corrected by gap down opening .  FIIs have sold good quantum of Derivatives (highest in recent times).  Market is in over all mood of profit booking as most corporate results have been completed.   Market is looking for reasons to get corrected.   Friday FIIs have sold 72009 derivative contracts worth of 2720.07 cr by adding 27544 shorts and 44465 long contracts squared off.   In equity segment also they are net sellers for worth of 503.74 cr.   But DIIs are net buyers worth of 456.02 cr.   Market breadth was weakened due to pressure from retailers.  DIIs are more active in bulk deals. Even though Market got corrected Derivative OI's lower base improved from 7300 to 7500.  Now Derivatives OI range is in between 7500-8000 along with active range of 7500-7700.

Today Nifty likely to open with Gap up in counter to weekend news (finance and RBI measures) and in line with Peer markets.    But traders should be cautious with SL in view of short coverage and sell at high Nature Market.   

NIFTY SPOT LEVELS: 

Pivot: 7567

Resistance 7594/7620/7646

Support: 7540/7514/7489

NIFTY FnO BAN: IBREAL

STOCKS FOR DAY:

Trade Nifty with movement um as per the above pivot levels and SL. News dominated Market.

MARKET TECHNICAL VIEW:
MARKING IS IN BLASING & SHOOTING MOOD. TRADE WITH MORE CAUTION.   NO TECHNICALS LIKELY TO WORK.    TRADE WITH STRICT SL.    BELOW 7580 MARKET LIKELY TO SEE FURTHER LOWS IN COMING DAYS.   

07-08-2014 MARKET TECHNICAL VIEW:

MARKET TREND - ROARING STOCKS:

Yesterday Nifty got corrected as we expected along volatility.   One Good thing in these disgusted Market is; Moving as per its Technical Values but not in  Havoc or with Vague values.  Yesterday FIIs and DIIs are net Buyers in Equity Market for worth of 283.97 and 32.59 cr respectively.  Due to off-late selling pressure, Market Breadth was weakened and closed in negative.   Rupee more De-valued than previous day.  In Index Futures Segment FIIs are Net Sellers by adding 8682 Longs and 17158 Short contracts for worth of 323.68 cr.   Index Futures OI increased by 25840 contracts.    50 DMA is challenging Nifty and we have to see, whether today Nifty can hold or not.   Derivative OI range is intact between 7300-8000 along with active range of 7700-7800, Nifty can get support at its 1st level of 7640/7650 and strong support of 7590.   Traders should continue their traders with 7580 SL. 

Nifty likely to open with negative/flat in line with peer markets and likely to go for consolidation.

NIFTY SPOT LEVELS:

Pivot: 7691

Support: 7640/7608/7558

Resistance: 7722/7772/7804

NIFTY FnO BAN: IBREAL

STOCKS FOR DAY:

ASIAN PAINTS EQ: BUY > 640 TRG 650 SL 629

TECHMAH EQ: BUY > 2191 TRG 2213 SL 2177

MARUTI EQ : SELL < 2645 TRG 2621 SL 2662

EXIDE EQ: SELL < 161 TRG 159.50/158 SL 163

06-08-2014 MARKET TECHNICAL VIEW:

MARKET TREND - ROARING STOCKS:
Yesterday RBI announcement become almost non-event.   Nifty played within its Technical levels  with more volatility. Nifty closed within its support- cum - resistance level.   Due to the RBI's positive voice in dealing with Interest Rates, offtate bottom fishing has taken place in some of the sectors like infra indice and Market Breadth has been increased to positive.   In Equity Segment both FIIs and DIIs are Net Buyers for worth of 52.85 and 62.22 cr respectively.   But in Index Futures Segment FIIs are Net Sellers of 201.35 cr by square off 2208 longs and adding 3064 shorts which increased OI by 856 contracts.  As we mentioned in our previous notes, Market is in Sell at High mood only, till Nifty closes above 7750 level for a day or two.

In line of our Peer Markets and SGX Nifty market likely to open with negative bias and look for support at yesterdays lows.  If any short positions are taken  at market open, we have to square off at 7590/7600 level and wait for further consolidation.

NIFTY SPOT LEVELS:

Pivot: 7712

Resistance: 7787/7827/7902

Suport: 7672/7598/7558

NIFTY FnO BAN: IBREAL

STOCKS FOR DAY:

TITAN EQ: SELL < 348 TRG 342/338 SL 352 (SELL AT HIGHS)

RELIANCE EQ: SELL < 980 TRG 974 SL 992

ULTRATECH CEMENT EQ: > 2564 TRG 2658 SL 2510

CESC EQ: BUY > 675/663 TRG 682/675 SL 663/660 (TRAILING SL BASED ON STRIP OPENING PRICE)

05-08-2014 MARKET TREND VIEW:

MARKET TREND - ROARING STOCKS:

Yesterday we have witnessed short covering.   As some analysts are expecting positive action as Indian Economy Indicators are in positive trend, and some other expecting no action in view of Global Threats like US FED Tapering, Ukrain and Israil  unrest etc , from RBI.   As Nifty is fairly valued (fundamentally) and fundamental news based (corporate results, budgetary news) pricing also taken care, market is in its way of Technical Correction.   As all we know Technical Correction will be mostly on Volumes Drive and New Driven, we should be careful with expected volatility.

Yesterday FIIs are net buyers in Equity and Index Futures for worth of 376.56 and 289.51cr respectively.   FIIs have added 9177 longs and 1685 short contracts by increasing OI by 10862 contacts.   But DIIs are net sellers for worth of 250.80cr in equity segments.  Market Breadth closed in positive.  PCR maintained its level of 0.98 but Rupee closed at 61.03.

Today Nifty likely to open flat in line with Peer Markets and likely to go for action after/along with Interest Rate announcement.   Even though Market is sell at Highs (till it closes above 7750 on EOD basis), day / shrot term traders can by Nifty at 7630 level with 7590 SL

NIFTY SPOT LEVELS:

Pivot: 7667

Resistance: 7712/7740/7784

Support: 7639/7594/7566

NIFTY FnO BAN: NIL

STOCKS FOR DAY: (MAINTAIN STRICT SL AND DO TRADE WITH TREND)

BHARAT FORGE EQ: BUY > 742 TRG 753/767 SL 732

NMDC EQ: BUY > 174 TRG 178 SL 172

TCS EQ: SELL < 2518 TRG 2495/2465 SL 2575

PRAKASH IND. EQ: SELL < 92.50 TRG 86 SL 104

04-08-2014 MARKET TECHNICAL VIEW:

MARKET TREND - ROARING STOCKS:

Last week Nifty has been corrected almost 250 pts from its recent highs.   As major portion of Corporate Results are being announced, majority of Strips have been calibrated accordingly.    Even though we do not have much important events in last week, with Overseas News market got corrected to its 2 nd level support.    This week we have more influential events from RBI (9th HSBC DATA and 12th Economic Data, Market may re-act with its volatility. 

On Friday also FIIs are net sellers in Equity and Index Futures for worth of 1072.96 cr and 1145.73 cr respectively.    FIIs have Sold 5875 Longs and Added 24103 shorts by decreasing 18228 contracts in OI.  But from last 2 days FIIs are very much hedged these shorts with Options.  Rupee gained marginally and closed at 60.83.   PCR at 0.98 even though Market Breadth is weak.  Derivatives OI range is intact between 7300-8000 along with active range of 7600-7800.

Today Nifty likely to open with positive note in line with SGX Nifty and other Peer Markets.    Once Nifty face Short Covering, off late/simultaneously we can see Selling at Highs also.   Market likely to close flat and wait for tomorrows HSBC data .   Nifty may get1st resistance at 7680 and 2nd resistance at 7740/7750  and support could be at 7590/7560.  Today Market will be sell highs till closes above 7750.

NIFTY SPOT LEVELS:

Pivot: 7637

Resistance: 7681/7760/7804

Support: 7558/7715/7435

NIFTY FnO BAN: NIL

STOCKS FOR DAY (WAIT FOR NIFTY RES/SUP LEVELS TO GO SHORT/LONG WITH SL)

HINDALCO EQ: BUY > 187 TRG 191.50 SL 180 (or) Buy > 180 Trg 187 SL 176

HINDOILEXP EQ: SELL < 51.75 TRG 50 SL 53

ORIENT CEMENT EQ: BUY > 105 TRG 110/117 SL 98 (POSITIONAL)

BANK NIFTY AT BUY FROM LOWS 15000 sl (SPOT)