[7/10/2010 07:50:00 PM
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Market For Tomorrow 12- 17 JULY
Last week the Nifty index ended lower at 5237.10 Mark losing -0.60%. On the Derivatives front we have seen that the Nifty Futures prices ended lower but with a rise in the cost of carry and an overall addition of open interest on weekly basis, this is an indication of some longs being built up at lower levels. For the coming week immediate Support for Nifty is seen in the range of 5210-5170 Mark, a breach of this range decisively may continue weakness in the Index and in that case the next Supports are seen at 5130/5085 Mark whereas on the upside Resistance continues to exist at 5340/5367 Mark and a decisive crossover above the 5400 Mark only will provide further strength to our markets.
The Bank Nifty Index last week surged nearly 4% and ended at 9713.70. On the derivatives front the Bank Nifty futures prices surged along with decline in the cost of carry in comparison to the previous week and addition of open interest, this is an indication that some shorts are being built at higher levels. For the coming week Bank Nifty Index will continue to face Resistance at its 9793-9931 levels whereas on the downside Support is seen at 9415-9300 levels.
Last week the CNX IT Index surged along with other indices and managed to give a close above its 6100 Mark at 6108.40. On the derivatives front the CNX IT Futures prices surged along with decline in the cost of carry in comparison to the previous week and addition of 35% in open interest, this is an indication of some shorts being built at higher levels. For the coming week the CNX IT Index will face Resistance at its 6230/6300 levels whereas on the downside Support is seen at 5875/5730 levels.
From the OI Concentration Chart July series we can see that the maximum accumulation of open interest on the put options front is seen at strike price of 5400-5500 indicating it as hurdle on the upside whereas on the put options front we can see that the maximum open interest concentration is seen at strike price of 5200 indicating it as a good support on the downside.
[7/10/2010 01:10:00 AM
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Nifty today broken the short term resistance zone of 5350 to 5360 but could not be able to continue the upper rally and got consolidated around the higher levels. It was overall the positive trading session for market. Now in upcoming trading sessions the key resistance zone seems to be around 5395 to 5400. Closing above this resistance zone may further confirm the price hike in market. In the downside closing below 5300 to 5305 may drag it till the lower levels of 5230 to 5235 in near term. We recommend that traders should watch out the 5400 level if it does not break then one may go for sell on rise for the targets of 5230,5200.
- The Nifty closed at 5296.85. Nifty future (July) closed at 5309.45 i.e. at a premium of 12.60 points vs. 6.60 points and shredded -2164100 shares in open interest.
- The Nifty future (Aug.) closed at 5313.05 i.e. at a premium of 16.20 points vs. 10.00 points and added 48900 shares in open interest.
- The cost of carry is at +4.13% vs. +2.09%.
[7/09/2010 06:21:00 PM
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Labels:
market trend,
nifty trend,
stock tips
BUY ICICI Bank Ltd stock with target of Rs 885 in 2-3 days.
Interested investors can buy the stock at Rs 860 with stop loss of Rs 850.
Today, the shares of the bank opened at Rs 869.80 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 1009.50 and a low of Rs 621.90 on BSE.
Current EPS & P/E ratio stood at 36.10 and 24.08 respectively.
NIFTY Mode-Flat to Strong
RESISTANCE-5319/5341/5377
SUPPORT-5275/5253/5217
If NIFTY breaches 5341 and stays above atleast 5319 with good volume then NIFTY may see 5365 and 5400.If Nifty breaches 5253 and stays below 5275 then NIFTY is weak.Then expected lower targets are 5225 and 5185.
SENSEX Mode - Flat to Strong
Resistance-17705/17758/17845
Support-17598/17546/17458
Above resistance= Strong
Below support =Weak
If SENSEX breaches 17758 and stays above 17705 with good volume then possible upper targets are 17830 and 17930.If Sensex crosses 17546 and stays below 17598 level then Sensex is weak.Then expected lower targets are 17470 and 17365.
ALL STOCK FUTURES TIPS , NIFTY FUTURE, STOCK OPTION SUGGESTION, NIFTY FUTURES TIPS, MARKET TREND, MARKET REVIEW, NIFTY TREND, STOCK FUTURE TIPS, OPTION TIPS YOU CAN GET FRO HERE.
[7/08/2010 07:06:00 PM
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Labels:
market trend,
nifty trend,
stock tips
Tips for Tomorrow
NIFTY – 50 TREND ( TECHNICAL REVIEW )
ABB – NIFTY
THIS STOCK IS IN CONSOLIDATION PHASE .IT MOVE UNDER RANGE OF 900-850, IT TAKES SOME MORE DOWN SIDE MOVE
IF IT CLOSE BELOW 856 IT CAN SLIP 840.
RESISTANCE: 874 SUPPORT: 856
AMBIJA CEMENT - NIFTY
STOCK MAY CONTINUE CORRECTION PHASE FROM WHILE. WE CAN SEE NEXT SUPPORT LEVEL AROUND 106-105 IN
SHORT TERM
RESISTANCE: 115.65 SUPPORT: 110.05
However the market in the final hour of the session trimmed some of its gains to close the day on a positive note. The overall market breadth was positive, as all the 13 indices on BSE ended in green. At one stage the Nifty had crossed the 5300 level but it fell again in late trade due to profit booking. Sensex shut shop at 17651, up 180 points and Nifty at 5296, up 55 points from the previous close. CNX Midcap index was up 0.9% and BSE Smallcap index was up 0.6%. The market breadth was positive with advances at 814 against declines of 455 on the NSE.
GET ALL STOCK TIPS, STOCK FUTURE TIPS, STOCK OPTION TIPS, NIFTY FOR TOMORROW, NIFTY FUTURES TREND, MARKET TREND FORM HERE.
[7/07/2010 06:36:00 PM
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Labels:
nifty trend,
Stock Option Trend,
stock tips
Tips For Tomorrow
Buy Ahmednagar Forging: Trg-119,120.20 : St- 117.40
Buy Plastiblends India Ltd. Trg 150.3,152.0 : St- 147.50
Nifty Future snap
- The Nifty closed at 5289.05. Nifty future (July) closed at 5306.90 i.e. at a premium of 17.85 points vs. 13.20 points and shredded -525050 shares in open interest.
- The Nifty future (Aug.) closed at 5310.80 i.e. at a premium of 21.75 points vs. 18.10 points and added 39650 shares in open interest.
- The cost of carry is at +5.35% vs. +3.83%.
Stock Option snap
On the call options front we have seen addition of open interest at strike price of 5400 and 5500 whereas shredding of open interest was witnessed at strike price of 5300.
On the put options front we have seen addition of open interest at strike price of 5200 and 5300.
Market Breadth: Overall Market Breadth on the NSE was positive. Amongst all the traded stocks, 797 were gainers, 568 were losers and 38 remained unchanged.
Slow Stochastic Indicator: The Slow Stochastic Oscillator is in the neutral zone. The Slow K line in the Stochastic Oscillator is below the slow D line (negative if it continues).
