Morning Notes 15012009 cash market Good Morning to All Nifty likely test 2850- 2900 Ultimate target Nifty 2500 + ___________________________________ Corrective Rally should be used Exit long/Play Short Position /Call Writing and Buying of Put Options EXPERTS COMMENTS Markets are closed with the handsome gains following by the other foreign markets. From the sect oral front Oil & Gas sector, Reality sector, metal, power and consumer durables were the outperformed sectors. If we see the nifty PCR levels then it shows the nominal changes from 0.94 to 0.99 levels. FII has formed fresh long positions in stock futures while they were net sellers in index futures and index options. We have found fresh long position in RNRL, Suzlon, Reliance capital and Rcom so we suggest the investors they should trade in these stocks with positive bias. FII ACTIVITY The most active contracts in FII counter are Chambal fert 38 call up by 280%, Infosys 1380 call up by 230%, Infosys 1350 call up by 194%, and Reliance 1320 call up by 177%. Total NET BUY / SELL VALUE in the FII's counter is following - In Index future it is -1444CR, In Index Option it is -7.16CR, in Stock future it is 566CR & in stock options -14CR. NIFTY PCR STRATEGY: Nifty PCR level becomes 0.99 level. Higher level PCR levels were seen in PNB 12.40, Wipro 2.87, BPCL 1.76, Bank nifty 1.61, and M&M 1.45. While lower PCR was seen in Maruti 0.81, LT 0.84, HDFC 0.85, BHEL 0.98 and Infosys tch 1.20. Highest call activity was seen in 2800 and 3000 call while highest put activity was seen in 2700 and 2800 put.
Always Remember : 1. The World did not stop lending, servicing & consuming, it moved on. 2. Turmoil in stock market excellent buying opportunity for long term investors. (Expected return 100 to 300-500 percent in 12 to 36 months) NIFTY FUTURE + BANK NIFTY +CNX IT : Nifty Future : Today selling opportunity At higher level..... Nifty Future Weekly Analysis Views of Nifty Future : Nifty future remain inside a trading range and hold the major support level 2800. For smooth run of it must cross and close above 3150-3250 range thereafter it will be able to reach 3550-3600 range but at present market conditions chances are very remote. On the other hand this down trend will be accelerated when the Nifty break and trade below 2800. On a option side heavy call writing were seen at 3000-3100-3300 strike which further confirmed that traders may not be confidence of a further rally. Interestingly 2900 puts also witnessed sharp drop in open interest which indicate profit booking by put buyers and they are shifting their position at lower band like 2700 and 2800 saw sharp accumulation in open interest position. Consider trading range 2800 to 3150, down side break and close below 2800 confirmation of weakness and play for short sell is a best strategy. Below 2800, non stop target 2600 thereafter the possibility of falling again to its October lows of about 2250. NIFTY : Monthly: Trend decider is 2881 and resistance is 3187 and 3416 and support is 2653 and 2347. Weekly: Trend decider is 2942, resistance is 3074 3278 and support is 2738 2606. Hold strong resistance 2830-2850. Today resistance 2850, 2890 down side break 2821, down side target 2790, thereafter it can touch 2750. BSE : Today resistance 9500, down side below 9328, it can touch 9244 and below
CNX IT : Weekly: Weekly trend decider 2222, higher level resistance 2331 2467, down side support 2086 1976. Today resistance 2300, break and trade below 2250 further weakness BANK NIFTY : Weekly: Weekly trend decider 5061, higher level resistance 5275 5659, down side support 4677 4464. Higher level selling opportunity. DOW : Above 9000 over all positive and target 9500-9600, close below 8000, panic in the USA market and expected very bad news. RELIANCE: Monthly: Monthly trend decider is 1224 resistance is 1415 1597 and support is 1042 and 851. Weekly: Trend decider is 1209, resistance is 1325 1506 and support is 1029 913. Further up move only above 1220, if sustained with volume, down side support exit 1160, thereafter more weakness. HDFC BANK : Today close eye this stock.......decisively break 975 it will test 955, thereafter real panic will start and likely test 850 mark. Consider major resistance 1020 and play for short sell on closing basis. Super Hot sell......... RNRL: Monthly: Trend decider is 52.4, resistance is 66 74 while support is 44 30. Weekly: Weekly trend decider 54, higher level resistance 62 74, down side support 42 33. Next up move only above 56, below 53 looks bearish and selling pressure
RELIANCECAPITAL: Monthly: Trend decider is 514 resistance is 620 703 and support is 431 325. Weekly: Trend decider is 520, resistance is 578 684 and support is 414 356. Hold 400 short term positive... Today support 429-419, higher level resistance 450. GMR INFRA: Monthly: Trend decider is 69, resistance is 87 95 and support is 60 43. Weekly: Trend decider is 72, resistance is 82 97 and support is 57 47. Today resistance 77, higher level it will face resistance 80 mark. RCOM: Monthly: Trend decider is 222 resistance is 260 293 while support is 189 151. Weekly: Trend decider is 209, resistance is 243 299 and support is 153 119. Today support 182, higher level resistance zone 195-200, above SAIL: Monthly: Trend decider is 76, resistance is 92 106 and support is 62 47. Weekly: Trend decider is 85.1, resistance is 93 105 and support is 73.2 65.3. On rise sell, keep a stop loss 99- Higher level major resistance 80-81-82, if reversal play for short sell. SBI: Monthly: Trend decider is 1203, resistance is 1411 1532 and support is 1083 875. Weekly: Trend decider is 1263, resistance is 1349 1475 and support is 1137 1051. Higher level 1200-1210 act as a significant resistance, if reversal from this level, likely test 1100 once again, If crossover with volume buying should be advised and target 1240 or above, below 1180 looks panic selling Have A Nice Trading Day Sender by :- Shah Nilesh. R Contact no:- 09904001233 |
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