Nifty: morning call

Sell Nifty fut below 5620 SL 5650 target 5590-5570

A glimpse of Nifty spot chart

As i indicated in some of the last posts that the trend line support and filling of gap towards 5460 almost coincide on daily charts.

Now million dollar question is that whether Nifty will return from 5530 (beginning of gap) or will it fill the gap towards 5450-60, where we have trendline support also.

Well my experience in stock market is such that very few stocks actually test actual support levels and if they tend to bounce they do so from little higher levels and public keeps on waiting for that testing of support levels, so advice would be to buy in parts from 5500-5400 and wait for diwali rockets.

below is the daily chart with important points shown

Trades for 31-10-2012

1. HINDALCO 

Sell at / below: 110.25   Targets: 107.69 - 105.11 - 102.56 - 100.05
Stoploss : 112.89

2. PFC

Sell at / below: 175.56   Targets: 172.35 - 169.08 - 165.84 - 162.64
Stoploss : 178.89

3. RELCAP

Sell at / below: 395.01   Targets: 390.25 - 385.33 - 380.44 - 375.57
Stoploss : 400

4. SUNTV

Buy at / above: 319.51   Targets: 323.83 - 328.35 - 332.89 - 337.47
Stoploss : 315.06

5. DISHTV

Buy at / above: 74.8   Targets: 76.52 - 78.72 - 80.95 - 83.22
Stoploss : 72.25

6. APOLLO TYRES

Buy at / above: 87.89   Targets: 90.2 - 92.59 - 95.01 - 97.46
Stoploss : 85.56

Nifty Analysis for 31-10-2012

On 29.10.2012, Nifty future's

• Prev.      Close
  5,702.10
• Open
  5,694.80
• High
  5,724.80
• Low
  5,619.15
• Close
  5628

                                                             

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                                                               Now What Next 

------------------------------------------------------------------------------------------------------------------

Now keep an eye on 5645 on higher side above which, if able to sustains 

above this we will see 5663-5681-5697 and above 5700 if sustains for 10-15 

mins will fire towards 5715-35. 

* But chances are very remote of Nifty future breaking above 5650 for next 2-3 days.

------------------------------------------------------------------------------------------------------------------

On downside below 5605 if sustains then 

expect 5590-5571-5550. Below 5550 if sustains for 15 mins then see 5530-10.

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Note : Hold on to positions in 5800ce and 5600pe.

If Nifty spot tests 5500-20 levels 5600pe will trade around 150.(+100 pts)

and 5800ce will at the most become zero.(max -50pts)

still a gain of 50 pts on one lot without any risk at all.

If one want to gain more and willing to take more risk, one can exit 

5800ce around 30-35 and hold onto 5600pe for 150+targets.

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For very short term 

 Support  at: 5618-5606-5589

 Resistance at: 5643-5663-5681

---------------------------------------------------------------------------------------------------------------------------------------------

For medium term 

Support at: 5572-5553-5530

Resistance at: 5697-5718-5730

Nifty: Morning call

Buy Nifty 5600 pe @51

and Buy equal no. of  Nifty 5800 ce @50


If there is a movement in nifty that breches its last 10-15 days trading range, we may expect

a good 100 point move on either side.

So one of the 5600 pe or 5800ce will fire, other may at the most become 20-10-0.


If it doesn't breach the range, we may get out without any loss.

Trades for 30-10-2012

Kindly avoid Intra day tading today as volatility will be high.

Nifty Analysis for 30-10-2012

On 29.10.2012, Nifty future's

• Prev. Close
  5,699.30
• Open
  5,708.00
• High
  5,729.85
• Low
  5,678.35
• Close
  5702.1

                                                             

Now What Next 

Now keep an eye on 5721 on higher side above which, if able to sustains we will see 5736-5757-5775-5795 and  above 5759 if sustains for 10-15 mins will fire towards 5775-5795.

On downside below 5681 if sustains then expect 5665-5635. Below 5630 if sustains for 15 mins then see 5620-5600-5585.

Note: Volatility is expected tomorrow because of RBI monetary policy review. Safe traders should avoid trading.

I have proposed today a safe way to encash the volatility by buying both 5600 pe and 5800 ce simultaneously. If nifty moves in a certain direction and breaks out of range it may go higher till 5775 or go lower till 5585.

Now Levels are : 

For very short term :

 Support  at: 5680-5665-5640

 Resistance at: 5720-5735-5755

For medium term : 

Support at: 5620-5600-5580

Resistance at: 5775-5800-5820

Nifty: Morning call

At this time most asian markets are trading flat to negative. SGX nifty around 5722.

Now if Nifty future opens close to 5720, keep an eye on 5735 on higher side and 5700 on lower side.

Breach above 5735 successfully can take it to 5755-75.

Breach below 5700 will take it to 5680-5665.

Morning call: Sell below 5700 SL 5717 Taeget 5680-60.

Trades for 29-10-2012

1. BHEL

Buy at / above: 244.14   Targets: 247.93 - 251.88 - 255.87 

Stoploss : 240.25

2. IOB

Sell at / below: 74.39   Targets: 72.28 - 70.17 - 68.09

Stoploss : 76.56

3. YES BANK

Buy at / above: 415.14   Targets: 420.03 - 425.17 - 430.34 

Stoploss : 410.06

4. LIC HOUSING FINANCE

Buy at / above: 252.01   Targets: 255.87 - 259.88 - 263.93 

Stoploss : 248.06

5. HUL

Sell at / below: 546.39   Targets: 540.83 - 535.03 - 529.26 

Stoploss : 552.25

Nifty Analysis for 29-10-2012

On 26.10.2012, Nifty future's

• Prev. Close
  
  5,746.85
• Open
  
  5,711.10
• High
  
  5,727.90
• Low
  
  5,673.45
• Close
  
  5699.3

                                                                Now What Next 

Now keep an eye on 5717 on higher side above which, if able to sustains we will see 5736-5757-5775-5795 and  above 5759 if sustains for 10-15 mins will fire towards 5775-5795.

On downside below 5681 if sustains then expect 5665-5635. Below 5630 if sustains for 15 mins then see 5620-5600-5585.

Will post a trading call with levels in the morning on blog, considering global trends.

Now Levels are : 

For very short term :

 Support  at: 5680-5665-5640

 Resistance at: 5720-5735-5755

For medium term : 

Support at: 5620-5600-5580

Resistance at: 5775-5800-5820

LIC Housing Finance

Buy LIC at 251-247 SL 238 

Target 280 in one month



Below is the chart:

Six stock portfolio for 6-9 months

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Trades for 26-10-2012

1.  NTPC

Buy at / above: 172.26   Targets: 175.47 - 178.8 - 182.15 - 185.54

Stoploss : 169

2. ICICI BANK

Buy at / above: 1089   Targets: 1096.71 - 1105 - 1113.33 - 1121.68

Stoploss : 1080.76

3. DISHTV

Buy at / above: 74.39   Targets: 76.52 - 78.72 - 80.95 - 83.22

Stoploss : 72.25

4.M&M

Buy at / above: 862.89   Targets: 869.81 - 877.2 - 884.61 - 892.06

Stoploss : 855.56

5.HUL

Sell at / below: 558.14   Targets: 552.52 - 546.66 - 540.83 - 535.03

Stoploss : 564.06

Nifty Analysis for 26-10-2012

On 25.10.2012, Nifty future's

• Prev. Close
  
  5,733.45
• Open
  
  5,730.00
• High
  
  5,757.00
• Low
  
  5,720.00
• Close
  
  5746.85

                                                                Now What Next 

Now for NOV future, keep an eye on 5757 on higher side above which, if able to sustains we will see 5775-5795 and  above 5800 if sustains for 10-15 mins will fire towards 5814-5830.

On downside below 5737 if sustains then expect 5720-5700-5681.Below 5665 if sustains for 15 mins then see 5650-35-20.

From today on-wards i have started giving directional call on nifty for the sake of simplicity, which is as below.

Mantra for tomorrow :-

Buy Nifty November fut above 5757 with stop loss at 5735 and target of 5777-5800.

Now Levels are : 

For very short term :

 Support  at: 5720-5700-5680

 Resistance at: 5780-5800-5835

For medium term : 

Support at: 5665-5650-5620

Resistance at: 5850-5875-5895