31-10-14 DAY PERFORMANCE:

Nifty beaten all our expectations. No words to say about the performance.  It seems "Achaa Din Agayi" for stock markets also.  Let us enjoy Big Bang Celebrations.

31-10-14 MARKET TECHNICAL VIEW:

MARKET TREND - ROARING STOCKS:

Yesterday Nifty has reached New High with Record Turnover.  Global Commodity prices have acted as trump for this positive movement.   Moodys' positive remarks on Indian Sovereign and Modi's proposed Diesel Price Cut (2 Rs) and FDI relaxations in construction sector have put the Foreign and Domestic Traders in Joy and shown their stamina.

Yesterday FIIs have bought 1286.49 cr in Index Futures by adding 93697 Long contracts and 62368 Short contracts in the system by which OI has decreased by 156065 contacts.  Total Derivatives (all products except debit products) segment was plus by 5770.35 cr.   In Equity segment FIIs have bought 1257.49cr and DIIs are marginal sellers by 94.01 cr.   Market Breadth closed positively.   Rupee gained marginally by 0.09 pc and closed at 61.34,   PCR indicate over bought of Market by closing at 1.08.  Surprisingly Stochastic and MACD closed with negative divergence, which indicate accumulation of money in Shorts side.    As market is in over bought and money pumped for shorts, positional traders should be cautious with their investments by hedging.

Today also Nifty may open with Gap up in line with our Peer Markets and our SGX Nifty (65pts plus at 8.00 am) and there after may see consolidation of gains with profit booking.   We have keep week end also in mind along with 155 weekly gain of Nifty.   Day Traders may go for coverage of short term Nifty positions between 8210-8220 level with SL at 8250.   As new series commence today, the excessive premium also will get adjusted.

NIFTY SPOT LEVELS:

Pivot: 8145

Resistance: 8205/8241/8302

Support: 8109/8048/8012

NIFTY FnO BAN: IBREAL

STOCKS FOR DAY:

INDIA CEMENT: BUY > 109 TRG 112 SL 106

BHARAT FORGE: BUY > 790/808 TRG 808/817 SL 775

PURVAKARA: BUY > 100 TRG 103/105 SL 99

UNITECH: BUY > 19 TRG 19.90/20.50 SL 18.30

30-10-14 DAY PERFORMANCE: Are you experienced Hero or Zero Trades?

NIFTY PERFORMANCE:

Many people use to say that; in Stock Market Nifty is the Hero, no individual can command it.   Yes it is correct.   Today one more time it has proved.  By expecting this kind of movement only, from last couple days we are cautioning about Hero or Zero value trades.    But after many days, today market has beaten our expectations also and hitted All Time High.   As we expected Nifty started flat, but it could not stop at 8120/8130 level and beaten its Trend Resistance Level of 8180.  Bank Nifty bounced back from its lows (16,561.35 - 16,776.35) and closed with 126 pts gain.   Major weighted stocks like Reliance came in to the risk of Nifty to hit All Time High.

STOCKS PERFORMANCE:
INDSINDBANK: SELL < 695 TRG 687/681 SL 701 (HIT THE SL)

                              ACTUAL: LOW:  687.60 HIGH: 714

APOLLOTRYES: SELL < 218 TRG 215/212 SL 220

                               ACTUAL: LOW: 215 HIGH 218.60

SUBROS: BUY > 71 TRG 75.50 SL 66.50

                 ACTUAL: LOW: 72.50 HIGH: 76.30

SADBHAVENG: BUY > 219 TRG 224/232 SL 216

                           ACTUAL: LOW:223 HIGH 233.70

Let us hope for good experience from Next Series.   We wish you all the Best.

30-10-2014 MARKET TECHNICAL VIEW:

MARKET TREND - ROARING STOCKS:

Share Market is such Dynamic, always through new flavors, by which some people get impressed and some people get allergenic.    Yesterday Market got over joyed without much effective news.   FIIs are Net Buyers in Index Futures for worth of 2166.73cr by adding 45086 long contracts and going for short coverage of 7834 contracts by which OI has been increased by 37252 contracts.  In Equity Segment FII are net  Buyers for the value of 785.61cr and DIIs are Net Sellers for worth of 507.29 cr.   Market Breadth was improved marginally.  Rupee much weakened and closed at 61.44.  Derivative OI range was intact between 8000-8100 but active range improved to 8100 from 8000 at higher level.  Except movement indicator, most of the volume and value indicators have closed with positive note.

Today our Nifty also may open flat in line with our SGX Nifty and other Asian Markets.  Off late likely to show volatility in view of Near Month Derivative Session closing.   Nifty likely to get resistance 8120/8130 level and may close around 8020-8050 level.

NIFTY SPOT LEVELS:
Pivot: 8080
Resistance: 8108/8126/8154
Suppot: 8062/8034/8017

NIFTY FnO BAN: IBREAL, GMRINFRA & UNITECH

STOCKS FOR DAY:
INDSINDBANK: SELL < 695 TRG 687/681 SL 701
APOLLOTRYES: SELL < 218 TRG 215/212 SL 220
SUBROS: BUY > 71 TRG 75.50 SL 66.50
SADBHAVENG: BUY > 219 TRG 224/232 SL 216

29-10-2014 DAY PERFORMANCE:

NIFTY DAY PERFORMANCE:

Today many might have expected only Gap Up opening, but Nifty has shown Double Dhamaka by closing at 8090 with 63 pts plus.  Also many CE/PE premiums have been narrowed.   Nifty, no stage played below its 1st resistance level of 8045.  But as we mentioned two days back, Bank Nifty weakened and given up its gains from day highs and as well as from its previous day close.  It closed with 33 pts minus.  Today all most all Indices participated in the Market (except Bank Nifty and Pharma) and total day played in positive area only.  

STOCKS PERFORMANCE:

IDFC: BUY > 145.50 TRG 147/148 SL 144

           ACTUAL: LOW:  143.65 HIGH: 147.15 (SL HIT BY 0.35PS)

GRANUELS: BUY > 797 TRG 823/860 SL 778 (POSITIONAL)

                      ACTUAL: LOW: 807.10 HIGH: 842.25

 

GULFOIL: SELL < 159 TRG 155 SL 163 (NOT INITIATED TRADE)

                    ACTUAL: LOW: 160.10 HIGH: 177

 

We wish you happy trades for tomorrow also.   We like to remind you today also about Hero or Zero Trades.

29-10-14 MARKET TECHNICAL VIEW:

MARKET TREND - ROARING STOCKS:

At times we are getting contrast figures in stocks market.  For example from last 2 days, if the market is negative, FIIs and DIIs are in buying side, if they are selling side market is closing in plus.   If we dig out the reasons, we can know as; the Derivatives Segment is dominating the market and turning out the board.  Yesterday also same thing repeated.  FIIs are net net sellers Derivative Segment (total of index futures, stock futures, futures options & stock options) and Equity Segment by 661.79cr and 108cr respectively and Market closed with positive note.  That is reason we have to keep an eye on all segments, before we go on trade.  Otherwise for our losses we feel as we have been betrayed.

Yesterday FIIs are  net buyers in Index Futures for worth of 592.15cr by adding 41593 long contracts and 27338 short contracts by which OI has been increased by 68931 contracts.  In Equity segment, both FIIs and DIIs are net sellers by 108cr 99.66 cr. respectively.  Market Breadth closed in positive and  Nifty futures OI has been reduced by 14.53%, which indicate good roll overs.    PCR was maintained below 1.00, even though Derivative range (base) range improved 8000-8100 along with active point at 8000.

As yesterday all most all Global Indices closed in positive and today Asian Markets opened with positive note and SGX Nifty running (at 8.00. AM) with 40 pts plus, our Nifty may open Gap up and may break resistance level of 8060.   As we mentioned in our evening note people who prepare for Hero or Zero values only should go for trades, other wise one should prepare for delivery based Opportunistic Buy.

NIFTY SPOT LEVELS:

Pivot: 8020

Resistance: 8045/8062/8088

Support: 8002/7977/7960

NIFTY FnO BAN:

GMRINFRA, HDIL, IBREAL  & UNITECH.

STOCKS FOR DAY:

IDFC: BUY > 145.50 TRG 147/148 SL 144

GRANUELS: BUY > 797 TRG 823/860 SL 778 (POSITIONAL)

GULFOIL: SELL < 159 TRG 155 SL 163

28-10-14 DAY PERFORMANCE: Hero or Zero trades...........

DAY PERFORMANCE:

Today Nifty started as we expected, but made journey to the resistance level of 8040.  As Global Markets started with positive note and too in higher values, our also got more boosting and hold at high itself, without playing any volatile as we expected.  As we informed the Nifty resistance 8060 stands good even for tomorrow. Once it sustained above 8060 only Nifty can try to hit 8120 levels.  Interesting to note after taken double support by Nifty on 17th, daily it is opening with gap and closing at market highs (except yesterday).   Today also same trend of opening gap up and closing market high happened. 

STOCKS FOR DAY:

ONGC: SELL <  398 TRG 390 SL 403

             ACTUAL: LOW: 389.05 HIGH :398

VIPIND: SELL < 116 TRG 114/112 SL 118

                ACTUAL: LOW: 115.10, HIGH:  117.55

BHEL: BUY > 246 TRG 249/257 SL 237 (OPTIONS ARE BETTER)

           ACTUAL: LOW: 246.60 HIGH:  257.30 (OPTIONS LOW: 5.00 HIGH:10.95)

We wish you happy trading for tomorrow.  And like remind you that, the next 48 hrs, Options premium valuations will be highly fluctuate on hourly basis.   Do prepare for Hero or Zero trades only. 

28-10-14 MARKET TECHNICAL VIEW:

MARKET TREND - ROARING STOCKS:

Yesterday Nifty moved with in our range of radar.  Make a note here is; even though 80% of our Indices have closed in minus and Market closed in Red, FIIs are net buyers in Index Futures for worth of 680cr by adding 23721 long contracts and 6892 short contracts.   Index Futures OI increased by 30613 contracts.   In Equity segment also FIIs and DIIs are marginal buyers 49.14cr and 9.55 cr respectively.   Now the question comes, How this money spread? and How market closed in Red? even after the important FIIs and DIIs are in buying side.   This has happened because of Indices rotation.   Money might have routed to Indices rotation/change over and Roll over exercise.  Market breadth was weakened and other Technical Indicators also not positive, except MACD and Movement Indicator.   This indicate, market will attract Volatility and Selling Pressure at Higher Level.  Our yesterday resistance level of 8060 stands good for today also.

Today Nifty likely to open flat with positive bias in line with our SGX Nifty and other Asian Markets.  Nifty likely to get Resistance at 8030/8040 level and may get Support at 7940/7920 level.   Day traders better to be stick on to Index Futures segment (mostly Options) to limit the P&L exposure.

NIFTY SPOT LEVELS:

Pivot: 8014

Resistance: 8042/8093/8120

Support: 7963/7935/7885

NIFTY FnO BAN: HDIL, IBREAL & UNITECH

STOCKS FOR DAY:

ONGC: SELL <  398 TRG 390 SL 403

VIPIND: SELL < 116 TRG 114/112 SL 118

BHEL: BUY > 246 TRG 249/257 SL 237 (OPTIONS ARE BETTER)

NOTE: PRAJIND. MAY EXIT WITH YESTERDAY SL.

27-10-2014 DAY PERFORMANCE:

DAY PERFORMANCE:

Nifty started its day with open and high of 8064 which is resistance area as we mentioned in our morning note.   Even the positive news of 80k cr. money spending on defense area could not support the market. FMGC leader HUL results and Europe Markets have not supported to the pull back rally which is taken at 1.00 pm.  Also media announcement regarding proposed Import Duty on Crude and allied products also confused day traders to continue their positions for day.   As we expected Bank Nifty sustained for a day and tomorrow we have to watch.   Today Infra sector is major looser.

STOCKS FOR DAY: (CAN HOLD FOR DAY OR TWO WITH SL)

PRAJIND: BUY >63 TRG 64.50/65.25  SL 62

                  ACTUAL:  LOW:62 HIGH: 64.25

MANINFRA: BUY > 22.50 TRG 24 SL 21.5

                       ACTUAL: LOW: 22.50; HIGH: 23.30

MARUTI: BUY > 3150 TRG 3215 SL 3110 (3200 CE ADVISABLE)

                 ACTUAL: LOW: 3140 HIGH: 3188.50 (3200 CE: LOW: 16 HIGH: 35.90)

 

IFCI: BUY > 35 TRG 35.50/37 SL 34.50

          ACTUAL: LOW:  35.05 HIGH: 36

27-10-14 MARKET TECHNICAL VIEW:

MARKET TREND - ROARING STOCKS;

Let us welcome all Traders and Investors to the Market who might have prayed God for continuous profits.   But we all should not miss the reality of winning and loosing possibilities in the market.   If we want to be gainer always, we must have Diversified Portfolio like Light formation with all Colours.   As Mukti cant' get much easily, even Profits can't get automatically, its required lot of efforts.  Let us hope this SAMVAT gives that all energies. 

This week we are going to have full working days along with Derivatives (near futures) session closing.  We have to keep both options open: 1. to see new high of Nifty and 2. Profit booking up  to 7900 levels.   Now 8030/8040 (EOD) level becomes crucial for the Nifty to take direction.   Even on Thursday & Friday FIIs have continued their buying > 750 cr in Derivatives segment.  In Equity Segment also FIIs and DIIs are net buyers.   In Derivatives Segment FIIs have added both Longs (24633 contracts)  and Shorts (5950 contracts) in Index Futures by increasing OI of 30583 contracts.    Market Breadth also improved.  

In view of media reports about 25 Europe  Banks' poor health, our RBI Governors' emphasis for heding on Corporate FX and Recent Higher Money flows into Bank Nifty, indicate the ripe levels of these Indice and  may invites correction in a day or two.  We advise traders to be cautious with Bank Nifty at higher levels and may need to protect their holding with hedging.

Today Nifty may open with  positive note and may be volatile till auction trading time to get adjust the holdings and rotation of indices.   8030/8040 act as resistance, day traders may go for short at market highs with 8060 SL.   If nifty sustain above 8030/8040 level can hold positions with trailing SL.

NIFTY SPOT LEVELS:

Pivot: 7991

Resistance: 8009/8022/8040

Support: 7978/7861/7948

NIFTY FnO BAN: HDIL & IBREAL

STOCKS FOR DAY: (CAN HOLD FOR DAY OR TWO WITH SL)

PRAJIND: BUY >63 TRG 64.50/65.25  SL 62

MANINFRA: BUY > 22.50 TRG 24 SL 21.5

MARUTI: BUY > 3150 TRG 3215 SL 3110 (3200 CE ADVISABLE)

IFCI: BUY > 35 TRG 35.50/37 SL 34.50

22-10-14 DAY PERFORMANCE: WISH YOU HAPPY DIWALI.

DAY PERFORMANCE:

Nifty has opened positive and got resistance at almost the level we expected 8000 level (8005).   But after its opening, Nifty done its journey till the resistance and level and became range bound.  Most of the Day it has run in 30 pts range before it closing with 68 pts gain. But Nifty closing near 8000 (7996) is good sign for market.   Bank Nifty also seen consolidation after 3 continuous day journey with new highs.   Today we saw some pick up from mid cap value based stocks from almost all indices.   But from infra sector PSU based stocks have been bought.

By expecting profit booking from market highs, we could not give calls based on technical value, and asked to go for momentum trades.   As we expected, most the following stocks have started giving up its gains from 11 am onwards.

STOCKS TO TRADE : (MOMENTUM TRADES)
PFC, BHEL, PTC, RELINFRA, FINTECH, (LONGS)
INFY. (SHORT)


WE WISH YOU ALL HAPPY DIWALI & MORE PROFITABLE (MORE THAN 27% OF PRESENT YEAR) YEARS AHEAD TO COME.

22-10-14 MARKET TECHNICAL VIEW:

MARKET TREND - ROARING STOCKS:
Yesterday Nifty moved with in our radar range.  Key observations to note from yesterday market and expect  today Nifty movement:
FIIs and DIIs both are in Long side in Equity Segment, after so many days for worth of 4662.91 and 1703.98 cr. respectively.
FIIs are net buyers in Derivative Sector also for the worth of   398.52 cr by adding 19167 long contracts and 9114 short contracts by which OI increased by 28281 contracts.
Rupee gained and closed at 61.12.
Market Breadth improved and closed positively.
FIIs much focused on Options than Futures segment by which India Vix lossed almost 0.86 pts and closed at 13.33.
PCR improved and closed near to 1.00 (0.99).
Derivatives OI range increased to 7800-8100 from its earlier 7700-8100. But active range is at 7900-8000.  Almost most all Day Chart indicators in positive except ACD and Bo-linger, which indicate more volatile market.
Bank Nifty created new record, which shows intensity of cash flow and positiveness on Indian Economy.
Negative to observe, market could not close either above 50 DMA or 20 DMA.
Nifty moving with influence of Global Markets.

Today Nifty likely to open with positive note and may get resistance at 7960/7990 level.  Day traders can go short with 8020 SL.

NIFTY SPOT LEVELS:
Pivot: 7912
Resistance: 7951/7975/8014
Support: 7889.7850/7827

NIFTY FnO BAN: HDIL, IBREAL

STOCKS TO TRADE : (MOMENTUM TRADES)
 PFC, BHEL, PTC, RELINFRA, FINTECH, (LONGS)
INFY. (SHORT)

21-10-14 DAY PERFORMANCE:

DAY PERFORMANCE:

Nifty played almost with in range bound, with out firing any crackers. In Second half, even Global Markets also supported our markets to close in Green.  Some sectors are responded to its sector news like metals to its Govt. announcement.  Bank Sector also in positive on 3rd in a row.  It has created all time record at 16452.85.  It shows Binding Power of our Markets.    As the series of reforms are expected to flow one by one, investors  are very much positive about growth story of India.

STOCKS PERFORMANCE:

DHFL: BUY > 324 TRG 331 SL 317

            ACTUAL: LOW: 327.10 HIGH 333.30

 

PETRONET: BUY > 194.50 TRG 199 SL 191

                     ACTUAL: LOW: 192.85 HIGH 197

 

HINDZINC: BUY > 164 TRG 167 SL 161 

                     ACTUAL: LOW: 161.20 HIGH: 166.40

 

We wish you all Happy Dhanteras and followed Grand Diwali. 

 

 

21-10-2014 MARKET TECHNICAL VIEW:

MARKET TREND - ROARING STOCKS:

Yesterday Nifty again played replica of Global Markets after it opens with Gap Up.  Also Nifty got hold at its technical resistance area.  As market already set for festival celebration and going to have longer week end along with festival, Nifty may play between the range of 7850-7980 level for these 2 days.  Iin continuous to our yesterday's comments regarding FIIs selling Vs DIIs buying, you may witness today the scene reverse as FIIs buying and DIIs selling.    Yesterday FIIs net buyers in Equity Segment for worth of 1040.08 cr and DIIs are net sellers of 166.11 cr.   In Index Futures FIIs are net buyers worth of 1455.01 cr by adding 40477 longs (thr short coverage) and sellers of 3915 long contracts, by which OI has been increased by 44392 contracts.  Derivatives OI range improved to 7700-8100 level along with active range of 7900-8000 levels.   Market breadth also improved.  Interesting to note, even after 99 pts gain of Nifty  and 273 pts of Bank Nifty,   day charts closed with Red Candle and CMF also closed negatively.  These both gives indication of money out from market, irrespective of Sensex closed with 260+ pts.

Today Nifty likely to open flat with positive bias in continuous to yesterday's spell.   Nifty's Yesterday high will be 1st resistance and there after 7930 and 7960 will act resistance to market.  Day traders can go short at high with 7980 SL.  As well as with 7830 SL can go be on long side.

NIFTY SPOT LEVELS:

Pivot: 7881

Support: 7855/7831/7805

Resistance: 7904/7930/7954

NIFTY FnO BAN: HDIL, IBREAL

STOCKS FOR DAY:

DHFL: BUY > 324 TRG 331 SL 317

PETRONET: BUY > 194.50 TRG 199 SL 191

HINDZINC: BUY > 164 TRG 167 SL 161

20-10-14 DAY PERFORMANCE: TRADE IN GAP UP SITUATIONS.....

DAY PERFORMANCE:

As many people expected, Nifty opened with Gap Up and Big Bang way.   But it has hold at 7906 level itself (we expected  resistance at 7920) and started giving up its gains there after.   Finally its closed 98 pts gain.   Closing at 7880 level is good closing for Nifty and in case it breaks Trend Line resistance and 50 DMA, we can expect some more up movement in Nifty.  Any how traders should watch 7850 level on EOD basis to cover up their short term longs.   

STOCKS FOR DAY:

IDEA: BUY > 152 TRG 157/160 SL 148

          ACTUAL: LOW :  155.05 HIGH: 161.70

HDFC: BUY > 877 TRG 896 SL 866

            ACTUAL: LOW: 890.20 HIGH : 909

 

IRB: BUY > 229 TRG 233 SL 226

        ACTUAL: LOW: 232.70 HIGH: 237

 

(MANY PEOPLE MIGHT HAVE NOT ABLE TO TRADE, BECAUSE MARKET OPEN WITH (ALMOST 300 PTS PLUS) GAP UP.   TRADERS SHOULD KNOW HOW TO TRADE WITH GAP UP SITUATIONS.   

WHEN EVER GAP UP HAPPENS, FOR DAY TRADERS, MOST OF THE TIME TECHNICAL CALLS WILL BE NOT AVAILABLE AT SUPPORTING LEVELS. INSTEAD OF WAITING FOR SUPPORT LEVELS, WE HAVE TO GO FOR MOMENTUM CALLS (EVEN SAME STRIPS) INSTEAD OF CHOOSING THE STOCKS IN ITS RETURN JOURNEY. THIS MOMENTUM CALLS DEMANDS HIGH VOLUMES WITH LESS MARGINS AND BEARABLE STOP LOSS. FOR EXAMPLE GOING FOR 100 UNITS WITH TWO RUPEE PROFIT.  WE SHOULD GO FOR 500 UNITS WITH 0.50 PCS PROFIT. 

20-10-2014 MARKET TECHNICAL VIEW:

MARKET TREND - ROARING STOCKS:

Friday Market went on short coverage in view of expected exit-poll, economic data support and peer markets support.  FIIs also joined for short coverage in Index Futures only and net sellers in Equity Segment. FIIs went on short coverage for the worth of 1030.18cr by going for short coverage of 27480 and and sold longs worth of 1163 contracts which resulted increase of OI by 28643 contracts.    But Equity Segment FIIs have sold worth of 1403.33 cr and DIIs have bought worth of 737.31 cr.   Interesting to note, soon after the profit booking started right from  20th October,  FIIs are continues sellers in Equity (except one day) and DIIs are continuous Buyers in Equity Segment. In this context many may seeking answers to: whether our DIIs have become more smarter than FIIs? or they become Scape Goat? Derivatives OI range is intact in the range of 8000-7700 along with active range of 7900-7700.   Friday Market breadth was closed negatively.   Rupee closed at 61.37.   PCR has shown much scope for buying by closing at 0.80.   India Vix marginally got corrected as Options positions also went for coverage.

Today Nifty likely to open with positive note and may be gap up also, as most of the world markets running in green and SGX Nifty is in plus with 130 pts (8.00 AM).    Nifty may get resistance 7920 as   As Bears will get grip below 7850 only, one can be long side above 7920 where Trend Support and 50 DMA is available.

NIFTY SPOT LEVELS:

Pivot: 7774

Resistance: 7825/7870/7920

Support: 7729/7678/7634

NIFTY FnO BAN: HDIL, IBREAL

STOCKS FOR DAY:

IDEA: BUY > 152 TRG 157/160 SL 148

HDFC: BUY > 877 TRG 896 SL 866

IRB: BUY > 229 TRG 233 SL 226

17-10-14 DAY PERFORMANCE: IS NIFTY PARADOXED ON .......

DAY PERFORMANCE:

Today Nifty taken support from 7720 level as we mentioned in our morning note.   Bank Nifty and CNX Nifty put together come for support and beaten away the IT sector bearishness.  As usual who ever followed only technical charts might have lost the way and put them selves under pressure.  Obviously bears or who ever carrying shorts from last 1 week might have covered their positions in view of week end.  But only thing we have to watch, whether our Nifty is become Paradox on US & Europe Market again?  If we observe from last couple days Market influence shifted to PEER Market from MODI Mania.

Any how as some body saying in media; we need not to worry about the correction and only we should be ready with Shopping Basket!

DAY TRADING CALLS: By expecting this kind of pull back / short coverage, we have asked our people to go with Options and hope most of the people might have enjoyed.

INTERESTING STORY: (RELATE TO our DAY TRADING activity AND TRY TO ADOPT)
(contribution by Mr. T R Rao)

Put a frog in a vessel of water and start heating the water.

As the temperature of the water rises, the frog is able to adjust its body temperature accordingly.

The frog keeps on adjusting with increase in temperature...

Just when the water is about to reach boiling point, the frog is not able to adjust anymore...

At that point the frog decides to jump out...

The frog tries to jump but is unable to do so, because it has lost all its strength in adjusting with the rising water temperature...

Very soon the frog dies.

What killed the frog?

Many of us would say the boiling water...

But the truth is what killed the frog was its own inability to decide when it had to jump out.

We all need to adjust with people and situations, but we need to be sure when we need to adjust and when we need to confront/face.

There are times when we need to face the situation and take the appropriate action...

If we allow people to exploit us physically, mentally, emotionally or financially, they will continue to do so...

We have to decide when to jump.

Let us jump while we still have the strength.

17-10-14 MARKET TECHNICAL VIEW:

MARKET TREND - ROARINGSTOCKS:
The difference between CNX Nifty and SGX Nifty is very high. It has to be settle down.    India Vix indicate that FIIs have bought more options against yesterday selling.   Yesterday FIIs have added longs and shorts in  Index Futures for the worth of  3671 and 22098 contracts respectively with net selling of 724.68cr.   OI has been decreased by 25769 contracts.   In Equity Segment FIIs are net sellers for the worth of 1128.37 cr and DIIs are in buying side for the worth of 664.45 cr.   Rupee closed at 61.70.  Market breadth was much weakened.    Derivative OI reduced (higher level) from 8200 to 8000 level.

As Peer Markets have opened and running mixed, our SGX Nifty is trading in red, our Nifty also likely to open negatively.    As Nifty's RSI and Stochastic are moving to oversold zone, down wards may limited and any time we can expect short coverage with big bang.   Yesterday's low and gap filling area 7720 may act as support for the market.

NIFTY SPOT LEVELS Pivot:  7790
Resistance: 7852/7954/8015
Support: : 7687/7626/7623

NIFTY FnO BAN: IBREAL & HDIL

STOCKS FOR DAY:
TECHNICALS WILL NOT BE HONORED BY MARKET.   BETTER TO BE STICK ON TO OPTIONS BASED ON THE MOVEMENT.

16-10-2014 DAY PERFORMANCE: day trading is not child play its need lots of maturity........

DAY PERFORMANCE:

Today Nifty Started flat and could not hold (in fact could not reach) even 1st resistance level and started giving up the gains from 7894 itself.   Since, global markets went on correction, our Nifty started breaking its support levels (7820/7780) and created panic to traders.  By giving up 116 pts Nifty strait away went for the gap filling level (7725) which was created on 12th August ( Nifty gained 101pts).  Today Nifty again reminded us the need of Stop Loss for trades.   By expecting this kind of movements only from last 2 sessions, we are alerting about FIIs arbitrage trading possibilities.  If you observe on 15th, where our CNX Nifty is in holiday, SGX Nifty gained more than 80 pts and today opened with almost negative points.  If you observe keenly, we can understand that; day trading is not child play, its need lot of maturity.

STOCKS FOR DAY:

TATA METALIK: SELL < 140 TRG 133 SL 144

                             ACTUAL: LOW:  126.65 HIGH: 142.70

HDFCBANK: SELL < 881 TRG 873/860 SL894

                        ACTUAL: LOW: 855 HIGH: 874 (PLAYED LOW FROM ITS 1ST TRG)

 

IRBINFRA: BUY > 233 TRG 236 SL 230

                     ACTUAL: LOW: 226 HIGH: 238.15

 

LICHSGFIN: BUY > 331 TRG 342 SL 323 (may need to hold for a day or two if not hit SL)

                     ACTUAL: LOW: 323.60 HIGH: 334.90 (MAY NEED TO EXTEND SL FOR TOMORROW HOLDING)

 

We feel all our different experiences has to be pooled to find out the way to improve our day trading gains.  You may leave your suggestions in the form of 'DOs & DO't FOR DAY TRADING'  through ROARINGSTOCKS@REDIFFMAIL.COM.

16-10-2014 MARKET TECHNICAL VIEW:

MARKET TREND - ROARING STOCKS:

Nifty has played range bound between 1st support to 1st resistance levels. Even though WPI numbers are attractive, peer markets profit booking has dominated and played volatile.  FIIs are net sellers in Derivatives and Equity Segment for the worth of 302.97cr and 694.67 cr simultaneously. FIIs have added 8707 shorts and 971 longs by which OI has been decreased by 9676.   But DIIs have continued their buying in Equity Segment for worth of 495.52 cr.    Market Breadth has been weakened.   Rupee closed at 61.38. Derivatives OI range is intact between 7800-8200.    In ob-sense of CNX Nifty, SGX Nifty has gained almost 80 pts (at 8.00 pm) and we have to observe the morning opening on (16th).

Today Nifty likely to open with negative bias / flat and counter yesterday SGX Nifty gains (arbitrage trade) and go for short coverage from 7820/ 7780 level by FIIs which they have accumulated shorts from last 3 working days.   Since, market is sell at high mode, 7925/7965 will act as resistance.  

NIFTY SPOT LEVELS:

Pivot: 7972

Resistance: 7920/7975/8022

Support: 7817/7770/7714

NIFTY FnO BAN: IBREAL, HDIL

STOCKS FOR DAY:

TATA METALIK: SELL < 140 TRG 133 SL 144

HDFCBANK: SELL < 881 TRG 873/860 SL894

IRBINFRA: BUY > 233 TRG 236 SL 230

LICHSGFIN: BUY > 331 TRG 342 SL 323 (may need to hold for a day or two if not hit SL)

14-10-14 DAY PERFORMANCE: Sell at Good News; Buy at Bad News.........

DAY PERFORMANCE:

Nifty has run within range of technical supports with volatility, with out caring much news related to fundamentals.   7920 level, which we thought of minor resistance, has turned as major resistance, as peer markets started giving up their morning gains.  Even though Bank Nifty stood for support to Market, Nifty could not break the resistance level of 7930.   As we mentioned in our morning note, tomorrow SGX Nifty to be observed before going for trade on 16th.

STOCKS FOR DAY:

LICHSGFIN: BUY > 317 TRG 324 SL 312

                      ACTUAL:  LOW:  320.10 HIGH: 339.95

LIBERTY: BUY > 313 TRG 324 SL 305

                  ACTUAL: LOW:  294 HIGH: 319  (QTR . RESULTS HAVE GIVEN VERY WELL I.E. > 24.5%)

SUNPHARMA: SELL < 810 TRG 793 SL 821

                      ACTUAL: LOW:  799 HIGH: 815  (STOCK HAS NOT PARTICIPATED MUCH BY OPENING WITH OPEN = LOW SAME PRICE.)

Liberty shoes profit booking is one example in reference to our yesterday's evening note, regarding mob physiology.   In this case, profit booking taken place, through one of the well known profit booking method i.e. SELL AT GOOD NEWS.  BUY AT BAD NEWS. (NOT FUNDAMENTALS).  We wish you happy holiday (extra holiday).

14-10-14 MARKET TECHNICAL VIEW:

MARKET TREND - ROARING STOCKS:

Yesterday, bunch of news and expectations helped Market to get back to 1st resistance level and closed in positive.   Let us hope, as it will not stop as pull back rally.    CPI data is better than expectation. RIL has reported results as per market expectations.  

 

FIIs have used this pull back to liquidate their longs in Index Futures and Equity Market.  Also they have added some shorts in the Market by hedging with Index Options.   FIIs have sold 821.77 cr Index Futures segment and 671.06 cr in Equity Segment. FIIs have sold 12305 longs contracts and added shorts of 8638 contracts in Index Futures by which, OI has been decreased by 3667 contracts.   But DIIs have continued by buying in Equity worth of 566.83 cr. Market Breadth also improved marginally.   Our Rupee also strengthened and closed at 60.99. Derivative OI range is intact between 7800-8200.   PCR is improved and closed below 1.00.   India Vix closing at 14.5 after touching near high 15.23 is to be observed.    Even though US market closed in red, off late due to USD easing, DOW futures index started showing some buying, which will be supportive to rest of the world.

Today our Nifty likely to be open with positive bias to flat as Asian Peers are playing mixed.  Due to unrest at Hang Seng,  markets also facing volatility, which may not be consider for time being.   If  FIIs starts short coverage our Market may close with respective nos.   If Nifty opens above 7880,  7920 may act as minor resistance and 1st resistance may come across at 7965 and there after 8020.  Tomorrow our NSE holiday to be kept in mind as SGX Nifty will be functioning, in the possibilities of arbitrage trading by FIIs.

NIFTY SPOT LEVELS:

Pivot: 7860

Resistance: 7925/7965/8030

Support: 7820/7755/7714

NIFTY FnO BAN: IBRAL

STOCKS FOR DAY:

LICHSGFIN: BUY > 317 TRG 324 SL 312

LIBERTY: BUY > 313 TRG 324 SL 305

SUNPHARMA: SELL < 810 TRG 793 SL 821

13-10-14 DAY PERFORMANCE: POWER OF TECHNICALS Vs DATA STUDY.......

DAY PERFORMANCE:

Nifty has taken support from 7800 level and done Pull-back Journey also, as we mentioned in our morning note.  Many people who follows only Technicals or News, might have lost hope on day by observing morning peer markets, Friday data and Media expectations on RIL.   But who ever work out the Market, with all round Influential Factors like Technicals, Data, Sentiment, Best Practice, News etc., together only can assess properly and can make some money.   Even though we take all measures, no one can claim 100% sure on Market, as Market moves on Mob Psychology and Supply & Demand (particularly day trading).  That is reason all well wishers suggest Stop Loss for every trade.    As many news like Crude Price, USD, Exit poll, today's CPI Data (expectation)& some Bank Results are in favor of Indian Economy, Bank Nifty has given good support to Market and closed with 224 pt plus.  Even Sensex moved in the range of 350 pts.   India Vix has touched recent high of 15.23.

DAY CALLS:

SHORTS: 

WIPRO: SELL < 588 TRG 577 SL 596

                 LOW: 566 HIGH: 585.60

COALINDIA: SELL < 336 TRG 332/329 SL 340

                        LOW: 331.60 HIGH:   343 (FROM LOW IT STARTED JOURNEY TO SL LEVEL)

UBL: SELL < 703 TRG 694 SL 713

         LOW: 696.40 HIGH 705 (EVEN STARTED WITH OPEN = HIGH NOT DONE FULL TRG)

We wish you happy trades for tomorrow.  

13-10-14 MARKET TECHNICAL VIEW:

MARKET TREND - ROARING STOCKS:

Friday also global markets went on correction. No time during the day Nifty is in positive and finally closed with bearish candle,  that too below 50 DMA.   After market hours our IPP data also given weak numbers.  IMF comments regarding global growth is become worry some to many investors and rushing up to take away money from Stocks.   This will be temporary, as we all know aggressive investors can't satisfy with any other class of investment than Stocks.  Recent,  RBI Governor comments on Interest rates, Cash Reserves and Inflation indicate; that he is not much worried about IPP data  (is not his priority) and he has not given any room for speculations on interest rate reduction.   Considering present Crude Price and US Tapering matters, our Stock Market suppose to be at advantageous position and might have attracted more investors.  But as Market has over run from last 6 months and peer market become worry some, investors are preferring for profit booking.  Also due to expected fuel inflation around the world FIIs might have become nervous on stocks markets.  This is confirming recent FIIs sales figures (800 cr withdrew) and Sensex correction over 2%.

FIIs have become net sellers on Friday in Index Futures and Equity Market for the worth of 1463.85 cr. and 719.77 cr. respectively.   Friday  FIIs have sold 6463 longs and added 30632 shorts in Index futures by decreasing OI by 24169 contracts.  But DIIs are net buyers in Equity Segment for worth of 558.21cr.  Even though DIIs are in long side Market Breadth was closed in negative.  PCR ration was closed above >1 oo (1.02).  Rupee closed at 61.29.  As Derivative range is intact between 7800-8200 and PCR indicator showing possibility of short coverage from next supporting area of 7800/7780 level.

Today Nifty likely to open with gap down as our SGX Nifty started with wildness and running negatively  and almost all peer markets also opened huge negative points.  RIL's Dollar Margins and Business Projections may get encouraging words at the time of performance announcement (mostly after market hours) and stock may get support.  Nifty may get support at 7780/7800 level.  

NIFTY SPOT LEVELS:

Pivot: 7877

Resistance: 7907/7953/7982

Support: 7831/7780/7755

NIFTY FnO BAN: IBREL

STOCKS FOR DAY:

WIPRO: SELL < 588 TRG 577 SL 596

COALINDIA: SELL < 336 TRG 332/329 SL 340

UBL: SELL < 703 TRG 694 SL 713

10-10-2014 DAY PERFORMANCE: INDIVIDUAL STRIP OR TRADER CAN'T CHANGE........

DAY PERFORMANCE:

As we mentioned in our morning note, Market has started with negative bias (rather gap down and much more than we expected) and moved with in our radar range.  As many times we mentioned, Individual Strip or Trader can not change the direction of the Market.  Finally today also,  Infy results could not change the fate of market.  

Gauging Volatility and Aiming the Profit levels & Stop levels are the KEY for any traders.   Who ever followed these principles, today also many people might have made profit. As well as who are not followed might have lost the money.   As per Universal Law 20% people gain from 80% people.   So we should try to be in the slot of 20%. 

STOCK PERFORMANCE:

LONGS:

RELINFRA: NOT GIVEN ANY LEVELS BUT ASKED TO BE IN LONG, STRIP MADE LOW OF 567.45 AND HIGH OF  598.20.

IDFC: NOT GIVEN ANY LEVELS BUT ASKED TOBE IN LONG, STOCK MADE LOW OF 137.60 AND HIGH OF 141.35.

TCS: NOT GIVEN ANY LEVELS, BUT ASKED TO BE ON SHORTS: STOCKS MADE LOW OF 2668.90 AND HIGH OF 2724.90.

We wish you happy week end.   Since Big Brother (RIL) going to announce results on 13th (mostly after market hours), take out all your tools to measure and gauge width and breadth of Big Brother (RIL). But do not try to weight, because it might be beyond our capacity. 

 

10-10-2014 MARKET TECHNICAL VIEW:

MARKET TREND - ROARING STOCKS:

Yesterday Nifty had contrast closing to its peer markets.   Most of the world indices (except DAX) closed in red, but our Nifty gained very well.   Short coverage and pull back rally jointly done in reaction to FED announcement on Interest Rates.   Even though most of the traders expected the pull back rally, most of the people might have not expected the gap up opening.   As positive news started floating on infra sector from Govt. side, this sector attracted much buying along with Bank Sector.    As much stocks in Mid Cap and Small Cap sector attracted buying, market breadth also improved.   As Short Coverages has become inevitable, traders went long till the shorts initiated level of 7975 level.   Now Nifty may get resistance at DOJI initiated level of 8030 apart from pivot and other technical resistance levels.  

Yesterday FIIs are net buyers for worth of 566.28 cr in Index Futures through Short Coverage and adding longs by 12483 and 1842 contracts respectively by which OI has increased by 10641 contracts.   In Equity Segment marginal sellers worth of 20.89cr.   DIIs are in buyers for worth of 623.24cr. who are major contributors to improve market breadth.  Derivatives OI range is at 7800-8200 (100pts improved) along with active range of 7900-8000.

With influence of peer markets today nifty may open with negative bias and 7910/7850 may act as support zones for Nifty.

NIFTY SPOT LEVELS:

Pivot: 7940

Support: 7907/7859/7821

Resistance: 7993/8025/8079

NIFTY FnO BAN: IBREAL

STOCKS FOR DAY:

Technical levels will not be effective, due to expected high volatility.  

TCS,  AT SHORTS

IDFC, RELINFRA ON LONG SIDE CAN BE TRADE WITH STRICT STOP LOSS.

09-10-2014 DAY PERFORMANCE:DEALING WITH HIGHER PREMIUMS........

DAY PERFORMANCE:

Every Day Stocks Market gives new experience, even to Maestro of Share Markets.   Yesterday afternoon session started building of premium in Nifty Futures, which ended with 53 pts.    As we all know, pull back rallies will not give much time to dress up ourselves.   Since FIIs/professionals work with norms (profit vs cost), yesterday itself they have squared off their positions, which we have mentioned (selling of Derivatives and Equities by FIIs) in our morning report.  As Peer Markets opened with Green our Nifty also opened with Gap Up.  

Today many Traders might not be comfortable with market, as it started with Gap Up.   Who does not know how to deal with Gap Up and High Premium Markets, might have lost money also, irrespective of positive closing.   As per Technical Analysts observation, 70% of the  Gap Ups will be covered in the same trading session, when ever Market is running with normal premium.   If the Future Premiums are more than normal, we have to trade with near high (eod) SL along with Trailing Stop Loss from today's entry level.  Today also Market has followed same pattern.  Since yesterday Nifty Futures closed with higher premium (53pts) and Gap Up opening was taken place, pull back might have taken place along with short coverages by which market closed with 118 pts plus.  Nifty also halted at near to the recent high of 7978 (point correction started) and closed at 7961.  

STOCKS PERFORMANCE:

Sail: Buy >  71.75 Trg 73/73.50 SL 71

        ACTUAL: LOW: 71.65 HIGH: 73.80

 

Apollotyres: Buy > 213 Trg 218/220 SL 208

                   ACTUAL: LOW: 214.05 HIGH: 220 (STOCK DONE DOWN WARD JOURNEY)

 

Hexaware: Sell < 191 Trg 184 SL 197

                 ACTUAL: LOW: 189.20 HIGH: 192.70  (MOST OF THE DAY STAYED IN NARROW RANGE)

 

We wish you happy trade for tomorrow.  Be careful with News driven price hikes.  Generally news driven price spikes will not sustain for long.

09-10-14 MARKET TECHNICAL VIEW:

MARKET TREND- ROARING STOCKS:

With Bank Nifty support today Market could hold and able to close flat.  Bank Nifty got support from IMF positive projections and RBI review (expectations aired in media) regarding NPA Norms for NBFC's have given boost to organised sector banks.  Even though major sector like IT went on correction due to down grade by Citi Bank and Metal Sector due to week PMI from China, Market could manage to close flat.  Range bound volatility indicate rotation of sectors, which indicate the traders confidence level on Indian Economy.

Yesterday FIIs are net sellers in Index Futures and Equity Segment for worth of 195.89 cr and 1440.99 cr respectively.  FIIs have added 9286 short contracts and 4332 longs contracts in Index Futures segment, by which OI decreased by 13618 contracts. DIIs are net buyers in Equity Segment for worth of 663.09 cr. Market Breadth was closed in negative.  Nifty Futures OI range was reduced to 7800-8100 along with active range of 7900-8000.  Rupee was closed at 61.43.  India Vix recorded at 14.1125 by correcting 0.35 pts.  Nifty Futures premium increased to 53 pts, which is more than normal.

Today Market likely to open with positive bias and may get resistance at higher levels of 7870 (minor resistance) and 7920 levels. In case of trailing stop loss need, one can follow Pivot levels.

NIFTY SPOT LEVELS:

Pivot: 7843

Resistance: 7870/7897/7924

Support: 7815/7785/7761

NIFTY FnO BAN: NIL

STOCKS FOR DAY:

Sail: Buy >  71.75 Trg 73/73.50 SL 71

Apollotyres: Buy > 213 Trg 218/220 SL 208

Hexaware: Sell < 191 Trg 184 SL 197

08-10-2014 DAY PERFORMANCE: WITH IMMENSE VOLATALITY........

DAY PERFORMANCE:

Today market was more volatile with in the range of 1st Support level of 7815 and Pivot level of 7879.   Nifty drawn many valleys during its day journey (charts), which indicate change over of indices.  Many Traders might have used this volatility to shift from one indices to other indices.  Today Oil sector is major gainer and IT sector is looser.  Like that Bank Sector is gainer, and Health care sector is looser.  We should feel happy to notice; that many of our Investors are willing to continue with their investments in our Share Market.

STOCKS FOR DAY:

To-day we have not felt comfortable to give any TIPS, by expecting this kind of range bound volatility.

Many time we witness that; any excess will cost much.  In Share Market also any Excessive like,  Over Caution, Excessive Greediness, Carelessness attract Instant Cost.   That is reason traders should be more calculative and calibrate the values properly to enjoy reasonable profits.

08-10-14 MARKET TECHNICAL VIEW:

MARKET TREND - ROARING STOCKS:

Yesterday Nifty got corrected/profit booked, with influence of Overseas Markets and Technical weakness.  Even though HSBC Economic Data and IMF Projections are encouraging, profit booking taken place.  As most of the short term traders and positional traders are going for profit booking in view of 2nd quarters results season and unrest around us, market breadth is getting weakened.   India Vix closing above 14 pts and Nifty closing below 50 DMA (7900) level confirms the prevailing selling pressure in the system.  As Derivatives range is intact between 7800-8200 along with active range of 7900-8000, Nifty likely to be range bound between these range for at least couple of days.

Yesterday FIIs are net buyers in Index Futures Segment by 3865 contracts for the worth of 152.17 cr.by adding 9622 Longs and 5757 Short contracts by increasing OI by 15379 contracts.   In Equity Segment  FIIs are net sellers for the worth of 332.84 cr. and DIIs are net buyers for the worth of 327.65 cr.  As Mid cap and Small cap stocks are under selling pressure in view of quarter results, market breadth is weakened. Directional Indicators like Bolinger and Movement are showing positive signs and Volume Indicators like RSI and MACD are showing negative signs are indicating that market is going to face validity.  CE & PE data indicate that market is likely to get support at 7800/7780 level.

Today Nifty likely to open with negative bias and likely to get support at 7800 and 7780 level. 7915 and 7980 level will act as resistance and invites selling pressure.

NIFTY SPOT LEVELS:

Pivot: 7879

Resistance: 7916/7980/8016
Support: 7815/7779/7715

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
You may mail your NAME AND MOBILE No. to ROARINGSTOCKS@REDIFFMAIL.COM to get DAY & POS CALLS through SMS.

07-10-14 DAY PERFORMANCE: MARKET IS DYNAMIC NOT STATIC>>>>>>>>>>

07-10-14 DAY PERFORMANCE:

As we mentioned in our Morning Note, market play volatile and dynamic.   It has hold at its support level (eod) of above 7850, even though HSBC Economic Data has given positive report.   Bears must be happy as Nifty closed below its 50 DMA (7900). This kind of action shows, that market is on Sell at High mood.  Till Infosys results comes on screen, market will sell at high.  As per Fibonacci levels Nifty may get support at 7805 and 7720 level.

DAY PERFORMANCE:

BUY: INFOSYS: BUY > 3810 TRG 3897 SL 3760

                            ACTUAL: LOW: 3769.90 HIGH:3892.05

          

           LICHSG: BUY > 326 TRG 332 SL 322

                             ACTUAL: LOW: 312 HIGH: 319.05 (NOT INITIATE TRADE)

SELL: POWERGRID:SELL < 136 TRG 134/133/ SL 138

                             ACTUAL: LOW: 135 HIGH: 137.90

            ACL: SELL < 211 TRG 209 SL 213

                      ACTUAL: LOW: 207.15 HIGH:  210.60

           

07-10-14 MARKET TECHNICAL VIEW:

MARKET TREND - ROARING STOCKS:

MARKET WELCOMING ALL OF US WITH ZEAL AND DYNAMISM.   IN LAST FIVE DAYS, MARKET ELEMENTS NOT CHANGED MUCH, EXCEPT SGX NIFTY TRADING BELOW THAN OUR SPOT NIFTY CLOSING.  AS QUARTER RESULTS ARE EXPECTING ACTIVELY FROM 10TH ONWARDS WITH INFOSYS, STOCKS SPECIFIC ACTION WILL BE MUCH MORE THAN TOTAL MARKET VOLATILITY.  TECHNICAL VALUES/GUIDES WILL BE DOMINATED BY CORPORATE AND OVERSEAS NEWS (HONGKONG, SYRIA AND PAKISTAN TRESPASSING ETC), TRADERS SHOULD MAINTAIN STRICT SL TO COUNTER THE VOLATILITY.    AS TRADITIONALLY 2ND QUARTER (JULY TO SEP) IS LEAN QUARTER FOR CORPORATE RESULTS, STOCKS VALUES WILL BE RE-WRITE BY TRADITIONAL & PROFESSIONAL ANALYSTS.

ON 1ST FIIS HAVE BOUGHT 1834 CONTACTS WORTH OF 72.26 CR BY ADDING 584 LONGS AND COVERING OF SHORTS BY 1250 WHICH DECREASE THE OI BY 666 CONTRACTS IN INDEX FUTURES SEGMENT. IN EQUITY SEGMENT ALSO FIIX AND DIIS ARE NET BUYERS FOR WORTH OF 192.56 AND 155.69 CR RESPECTIVELY.   LOW VOLUMES AND PROFIT BOOKING WITNESSED IN MARKET THROUGH WEAKENED MARKET BREADTH.

TODAY NIFTY LIKELY TO OPEN WITH NEGATIVE BIAS MAY BE GAP DOWN ALSO, IN ORDER TO GET ADJUST THE PREMIUMS BETWEEN SPOT AND FUT. NIFTY.   7850 CAN BE GOOD SUPPORT AND 8100  CAN BE 1ST RESISTANCE LEVEL FOR SPOT NIFTY.

NIFTY SPOT LEVELS:

PIVOT: 7953

RESISTANCE: 7970/7994/8010

SUPPORT: 7929/7912/7888

NIFTY FnO BAN: NIL

STOCKS FOR DAY:

You may mail your NAME AND MOBILE No. to ROARINGSTOCKS@REDIFFMAIL.COM to get DAY & POS CALLS through SMS.