NIFTY DAILY OUTLOOK DEC 08, 2010

On Tuesday, market opened flat, traded weak in a range thru out the day and closed down in red. Banks and Realty attracted heavy selling whereas Oil & Gas and Metals attracted good buying. Overall it was a highly volatile trading session. Volume for the day was slightly higher then previous trading session. Market breadth was negative. Midcap and Small caps index closed down in red.

For the day, the level of 5965 and 5940 may act as a major support for the market and the level of 6020 and 6045 may act as a major hurdle. Banking, Realty and Metals may attract selling pressure.

The Medium term trend will turn positive above the level of 6030.

 "Spot Levels" Day trader can go long on nifty above 6020 with stop loss 5990 for target 6045 / 6070 and can go short below 5965 with stop loss 5995 for target 5940 / 5910.

Index Range

Nifty: 5976.55
Range: 5910-6075
Resistance: 6020-6045-6075
Support: 5965-5940-5910

Bank Nifty: 11695.30
Range: 11340-12000
Resistance: 11780-11890-12000
Support: 11560-12450-11340

Short term: Up (5930)
Medium term: Down (6030)
Long term: Up (5350)

Cash Market Trading Activity (Prov. Figure in Rs. Crores)

Cat: Buy Val - Sell Val=   Net Val
FII:  2914.37-3437.20= -522.83
DII:  1240.84-1668.06= -689.66

All Above Spot Levels

OM SHRI GANESHAYA NAMAH

NIFTY WEEKLY & DAILY OUTLOOK DEC 06, 2010

As advised last Monday look for selling only below the level of 5830 and buying above 5930, from there market rallied till the level of 6025, but on Thursday we advised to cut / book long position above the level of 6000 and also advised to take short position in nifty with stop loss of 6090 on closing basis for target 5845 / 5625 / 5410. For this week watch out level of 5930 on downside and 6090 on upside, move above or below the level will decide the next move in market. Further short position can be added in nifty below the level of 5930. Our views remain negative on market but stop loss of 6090 on closing basis on nifty spot is a must.

For the day, the level of 5970 and 5940 may act as a major support for the market and the level of 6025 and 6050 may act as a major hurdle. Banking, Realty and Metals may attract selling pressure.

 "Spot Levels" Day trader can go long on nifty above 6025 with stop loss 5995 for target 6050 / 6080 and can go short below 5970 with stop loss 6000 for target 5940 / 5910.

Index Range

Nifty: 5992.80
Range: 5910-6080
Resistance: 6025-6050-6080
Support: 5970-5940-5910

Bank Nifty: 12349.20
Range: 12180-12520
Resistance: 12410-12460-12520
Support: 12290-12240-12180

Short term: Up (5830)
Medium term: Up (5930)
Long term: Up (5350)

Cash Market Trading Activity (Prov. Figure in Rs. Crores)

Cat: Buy Val - Sell Val=   Net Val
FII:  3204.98-2601.51= +603.47
DII:   832.02-1521.68=  -689.66

All Above Spot Levels

OM SHRI GANESHAYA NAMAH

NIFTY DAILY OUTLOOK DEC 03, 2010

On Thursday, market opened gap-up and traded higher in a range thru out the day with good buying in most of the indices. Metals, Realty and Banks outperformed whereas Auto and Capital Goods underperformed. Volume for the day was slightly higher then previous trading session. Market breadth was positive. Midcap and small caps index closed up in green.

For the day, the level of 5995 and 5970 may act as a major support for the market and the level of 6025 and 6050 may act as a major hurdle. Auto and IT may attract selling pressure.

Positional traders are advised to book long position above the level of 6000 and accumulate short position in nifty with stop loss of 6090 on closing basis on nifty spot for target 5845 / 5625 / 5410.  

"Spot Levels" Day trader can go long on nifty above 6025 with stop loss 5995 for target 6050 / 6080 and can go short below 5995 with stop loss 6025 for target 5970 / 5940.

The Medium term trend will turn negative below the level of 5930.

Index Range

Nifty: 6011.70

Range: 5970-6050
Resistance: 6025-6050-6080
Support: 5995-5970-5940

Bank Nifty: 12472.60
Range: 12200-12750
Resistance: 12535-12640-12750
Support: 12420-12310-12200

Short term: Up (5830)
Medium term: Up (5930)
Long term: Up (5350)

Cash Market Trading Activity (Prov. Figure in Rs. Crores)

Cat: Buy Val - Sell Val=   Net Val
FII:  4114.46-3728.34= +386.12
DII:  1317.29-1542.33= -225.04

All Above Spot Levels

OM SHRI GANESHAYA NAMAH

Update positional sl modified to 6090 on nifty spot closing

NIFTY OPTION CALL UPDATE + NEW OPTION CALL

NIFTY OPTION CALL GIVEN ON 26/11/2010
BUY 6000 CALLS AND 5500 PUTS
COST 110-115 WE BOOKED130-135 CURRENTLY 117+13 = 130
GROSS PROFIT OF RS.20/-
QTY 1000*20= RS. 20000/- GROSS RETURN OF 18% IN 4 DAYS

NOW WE HAVE TAKEN POSITION IN 5800 PUTS AND 6200 CALL
COST 45+35 = 80 ( DO BUY BOTH IN EQUAL QTY)

OM SHRI GANESHAYA NAMAH

NIFTY DAILY OUTLOOK DEC 02, 2010

On Wednesday, market opened positive and traded higher thru out the day with good buying in almost all the indices. Metals, Realty and Banks outperformed whereas IT and FMCG underperformed. Volume for the day was lower then previous trading session. Market breadth was positive. Midcap and small caps index closed up in green.

For the day, the level of 5940 and 5915 may act as a major support for the market and the level of 5980 and 6005 may act as a major hurdle. Oil & Gas and Power may attract good buying.

Positional traders are advised to book long position above the level of 6000 and accumulate short position in nifty with stop loss of 6065 on closing basis on nifty spot for target 5825 / 5625 / 5410.  

 "Spot Levels" Day trader can go long on nifty above 5980 with stop loss 5960 for target 6005 / 6025 and can go short below 5940 with stop loss 5960 for target 5915 / 5890.

The Medium term trend will turn negative below the level of 5930.

Index Range

Nifty: 5960.90
Range: 5915-6005
Resistance: 5980-6005-6025
Support: 5940-5915-5890

Bank Nifty: 12310.80
Range: 12140-12525
Resistance: 12415-12470-12525
Support: 12250-12190-12140

Short term: Up (5830)
Medium term: Up (5930)
Long term: Up (5350)

Cash Market Trading Activity (Prov. Figure in Rs. Crores)

Cat: Buy Val - Sell Val=   Net Val
FII:  3516.48-3024.60= +491.88
DII:  1250.84-1450.69= -199.85

All Above Spot Levels

OM SHRI GANESHAYA NAMAH

DOW JONES +245 .... USE TOMORROW RALLY TO BOOK LONG AND SHORT NIFTY FUT

DOW JONES +245 ENJOY

USE TOMORROW RALLY TO BOOK LONG AND SHORT NIFTY FUT

STOPLOSS 6065 CLOSING BASIS ON NIFTY SPOT

TARGET 5845/5625/5410

OM SHRI GANESHAYA NAMAH

Update positional sl modified to 6090 on nifty spot closing

NIFTY DAILY OUTLOOK DEC 01, 2010

On Tuesday, market opened negative and traded in the range till first-half of trading session however Banks, Realty and Auto attract good buying during second-half of session helped market to recover from lows of day and closed up in green whereas Oil & Gas, Metals and IT counters underperformed. Overall it was a highly volatile trading session. Volume for the day was higher then previous trading session. Market breadth was positive. Midcap and small caps index closed up in green.

The Short term trend will turn negative below the level of 5830.
For the day, the level of 5840 and 5815 may act as a major support for the market and the level of 5895 and 5920 may act as a major hurdle. Oil & Gas and Fertilizers may attract good buying.

"Spot Levels" Day trader can go long on nifty above 5895 with stop loss 5865 for target 5920 / 5950 and can go short below 5840 with stop loss 5870 for target 5815 / 5785.

Index Range

Nifty: 5862.70
Range: 5815-5920
Resistance: 5895-5920-5950
Support: 5840-5815-5785

Bank Nifty: 11952.60
Range: 11770-12160
Resistance: 12045-12105-12160
Support: 11880-11825-11770

Short term: Up (5830)
Medium term: Down (5930)
Long term: Up (5350)

Cash Market Trading Activity (Prov. Figure in Rs. Crores)

Cat: Buy Val - Sell Val=   Net Val
FII:  6499.13-5609.67= +889.46
DII:  1507.32-1942.35= -435.03

All Above Spot Levels

OM SHRI GANESHAYA NAMAH

NIFTY DAILY OUTLOOK NOV 30, 2010

On Monday, market opened positive and traded in the range with buying in almost all the indices and closed up in green. Oil & Gas sector attract the major buying interest in the market. Moreover the move in market was just a relief rally for the last week fall in the market. Volume for the day was quite low then previous trading session. Market breadth was positive. Midcap Index small caps index closed up in green.

The Short term trend will turn positive above the level of 5830.
For the day, the level of 5785 and 5755 may act as a major support for the market and the level of 5870 and 5895 may act as a major hurdle. 

"Spot Levels" Day trader can go long on nifty above 5870 with stop loss 5740 for target 5895 / 5920 and can go short below 5785 with stop loss 5815 for target 5755 / 5730.

Index Range

Nifty: 5830
Range: 5755-5895
Resistance: 5870-5895-5920
Support: 5785-5755-5730

Bank Nifty: 11828.30
Range: 11580-12125
Resistance: 11905-12015-12125
Support: 11795-11690-11580

Short term: Down (5830)
Medium term: Down (5930)
Long term: Up (5350)

Cash Market Trading Activity (Prov. Figure in Rs. Crores)

Cat: Buy Val - Sell Val=   Net Val
FII:  3327.76-3171.56= +156.20
DII:  1473.24-1273.91= +199.33

All Above Spot Levels

OM SHRI GANESHAYA NAMAH

Off Topic : Santa & Banta Jokes : Enjoy

Santa ki chatri me hole tha, kisine pucha, umbrella mein hole kyu?
Sardar bola: Oye barish ruk jayegi to pata kaise chalega

Santa: Why has the Govt. fixed voting age 18yrs & marriage age 21yrs?
Banta: Govt. ko pata hai ki desh sambhalna aasan hai, lekin biwi ko nahi

Santa bada dukhi tha, kisi ne pucha itni tension me kyon ho?
Santa: Ek dost ko 3 lac plastic surgery k liye diye the, ab use pehchan nahin pa raha 

Driver: Sir ji, petrol khatam ho gaya , gaadi aage nahi ja sakti.
Banta: Chalo Phir, wapis le chalo

Banta: Kal Muje 10 logo ne Peeta.
Santa: Phir tune kya kiya?
Banta: Maine kaha salon ek-ek karke aao.
Santa: Phir?
Banta: Phir kya, Salon ne ek-ek karke dubara Peeta !

Inspector to Banta: Faansi se pehle, bata teri antim ichha kya hai?
Banta: Mere pair upar aur sir neeche kar k faansi de do..!