Stock Market Report for Next week - 25 to 29 April
Nifty Future Trend
The Nifty April future closed 69.40 pts or 1.19 % higher at 5903.55. The Nifty future closed with the mild gains and witnessed an increase of open interest by 0.11 % and increase in the cost of carry by 221.60 %. It indicates addition of long position and so
Nifty future may show some upside in the short run.
Bank Nifty Trend
The Bank Nifty April future closed 154.35 pts or 1.31 % higher at 11926.00. The Bank Nifty future closed with the gains of more than 1% and witnessed a decrease of open interest by 1.21% and increase in the
cost of carry by 178.40 %. It indicates some fresh positions were accumulated in the long side and so some upside may be seen in Bank Nifty future in the short run.
CNX IT Trend
The CNX IT April future closed -69.30pts or -1.01 % lower at 6799.45. The IT future closed with the loss of 1% and witnessed a decrease in open interest by 2.72 % and increase in the cost of carry by 129.21 %. It indicates some fresh positions were accumulated in the
long side and so some upside can be seen in it in the short run.
Option Trend
On the call options front addition of open interest was witnessed in the last trading week at strike price of 6000 and 6100.
On the put options front we have seen addition of
open interest in the last trading week at strike price of 5700 and 5800.
OI Chart Analysis: In coming sessions market may trade in a range of 5700-6100. The call option strike price with the maximum number of open interest i.e. 6000-6100 will act as major resistance level where as the put option strike price with the maximum number of open interest i.e. 5800-5700 will act as major support level.
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Nifty Tomorrow
In Indian market Nifty future closed at 5434.15, up by 54.05 points with 1% hike. Tomorrow nifty looking bullish if it manage level of reisistance 5450, otherwise it would be bearish from the support level of 5350.
Nifty Resistance Tomorrow - 5450 & 5505
Nifty Support Tomorrow - 5350 & 5300
Nifty in Brief
The Nifty Index in last trading session ended at 5413.85 with gains of nearly one percent. On the derivatives front we have seen that the
Nifty Futures prices surged along with an overall addition of open interest and increase in the cost of carry, this is an indication of some longs being built at lower levels. On the options front the OI PCR has ended at 1.19 vs. 1.13 whereas the Volume PCR has ended at 1.13 vs. 0.99. On the Volatility Front the Indian Volatility Index has ended at 22.26% vs. 25.21% losing 11.70% indicating some ease off in the markets.
Option Tomorrow
On the call options front addition of open interest was witnessed in last trading session at strike price of 5700, 5400, 5500, 5600 and 5800.
On the put options front we have seen addition of open interest in last
trading session at strike price of 5100, 5400 and 5200.
OI Chart Analysis: From the OI Chart we can see that in Apr. Series addition of open interest on the calls front is existent in the band at strike price of 5500-5700 indicating it as resistance on the upside whereas on the put options front we can see that addition of open interest is existent at strike price of 5400-5300 indicating it as immediate support zone on the downside.
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The Stock Market settlled at 18439, up with 1.46%, the index touched a high and a low of 18,463.84 and 18,155.43, respectively. While S&P CNX Nifty shutup at 5531, up with 1.65%, the index touched high of 5,537.30 and a low of 5,434.25 respectively.
Nifty Future Trend
The 50-share S&P CNX Nifty finally settled at 5,531.50 after gaining 86.05 points or 1.58%. Nifty March 2011 futures closed at 5,555.70 at a premium of 24.20 over spot closing of 5,531.50, while Nifty April 2011 futures were at 5,580.00 at a premium of 48.50 points over spot closing. The near month March 2011 derivatives contract expire on Thursday, March 31, 2011. Nifty March futures saw an addition of 8.04% or 1.79 million (mn) units, taking the total outstanding open interest (OI) to 24.17 mn units.
Nifty Option Tips
For Nifty calls, 5500 strike price (SP) from the March series was the most active call with an addition of 0.53 mn or 8.60%. Among Nifty puts, 5400 SP from the March month expiry was the most active put with an addition of 1.68 mn or 17.67%. The maximum Call OI outstanding was at 5500 SP (6.79) and that for Puts at 5400 SP (11.24). The respective Support and Resistance levels are: Resistance 5,567.78 --Pivot Point 5501.01--Support 5,464.73. The Nifty Put Call Ratio (PCR) OI wise stood at 1.42 for March-month contracts.
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Stock Tips For Tomorrow
Buy Punjab National Bank
At - 1333.50
Tgt- 1334.45,1336.20
SL - 1329.50
Sell ONGC for 5 Day
Above - 1288.0
Tgt- 1279.25,1265.20
SL- 1302.10
Nifty Future For Tomorrow
Nifty future's projected high and low for next session is 6064 and 5905. Immediate resistance now comes at 6005 and only if sustains above 6005 on next session opening bell will try to check 6060-6084 on the upside. Big support band exists at 5976-5966-5943 and if no bounce emerges in the band we may even see 5916-5827 in the coming sessions. We still feel Nifty future is going to consolidate between a broder range of 5950-6350 for some time.
Bank Nifty for Tomorrow
Bank Nifty future's projected high and low for next session is 12695 and 12310. Resistance now comes around 12635 and only sustainance above with good volume is ripe for a dead cat bounce till 12840. Major support now comes near 12540-12490 and if can not cross 12635 and again trades below 12490 more panic awaits for 12330. Now in case even it breaks 12330 with volume?? Next downside levels ate 12000.
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Stock Tips
Stock Tips For Tomorrow
Buy Jindal Poly Films Ltd.
Buy at 1290.30
Tgt – 1305.10-1335.50
SL - 1252.25
Buy Reliance power call 28 Oct ( delivery)
At - 3.10
SL – 2.05
Tgt- 7.05,8.90
Buy Nifty Call Oct
Btween – 14-18
Tgt- 28,36,45,58
Nifty for Tomorrow
Nifty future's projected high and low for next session is 6176 and 6120 (use this projection with other indicators). Immediate support now comes still at 6097-6093 and break below 6093 it may check 6075 again on the downside. Trading below 6075 is only medium term breaish and will indicate end of the intermediate uptrend in place for downward levels of 6018-6003. Immediate resistance now comes at 6169 and moving and sustaining above will recheck 6192. Now only if crosses and trades above 6192-6193 bulls will be back in control for 6243-6248.
Stock Futures Tips
NIFTY Future (30-SEP)
Buy at - 6008
SL - 5885
Tgt – 6020 , 6047 , 6065
Stock Option Tips
ACC Ltd. CA -1000 (30- Sep )
Buy at 25.95
SL - 25.25
Tgt - 30.5, 38.60
Sensex for Tomorrow
Sensex witnessed a high volatile session with positive biasness and touches the level of 20000 today. Now the next technical resistance for sensex seems close in the zone of 20200 to 20250. Decisive closing above this resistance zone may further take it up till the levels of 20400 to 20425 in near run. In the downside the immediate support for sensex seems close to the level of 19900 to 19910. Closing below this support zone may slip it till the levels of 19730 to 19740 in near run.
Nifty For tomorrow
Nifty future continued the upward rally with yet another positive session. Now the next technical resistance zone for nifty future seems in the zone of 6050 to 6060. Decisive closing above this resistance zone may further confirm more gains in nifty future. Today overall it witnessed high volatile session with positive bias. The immediate support for nifty future seems close to the level of 5950. Closing below it may slip nifty future till the levels of 5875 to 5880 in near run. For intra day trading we recommend long position in nifty future until it close below 5950 for the targets of 6050,6100 in near run.
Nifty future important levels for Wednesday, 22nd September:
R3 – 6124, 6085,6051
PP - 6011
S1 5977, 5938, 5903
Bank Nifty future important levels for Wednesday, 2nd September:
R3 -12499,12424, 12332
PP – 12257
S1- 12165,12090,1998
[9/15/2010 11:51:00 PM
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nifty for tomorow
Nifty Future For tomorrow - 16'Sep
Nifty made a breakout above the level of 5850 today and in the end made strong closing above it. Today, overall Nifty witnessed a high volatile session with positive bias. Now the next technical resistance for nifty future seems close to the level of 6000. Closing above this resistance may take it up till the levels of 6075 to 6080 in near run. The immediate support for nifty future seems close to the level of 5820. Closing below this support may slip it till the level of 5750 in near run. For intra day trading we recommend buy on dips strategy in nifty future until it close below 5750 for the targets of 5900,6000 in near run.
Bank Nifty for Tomorrow- 16,sep
Bank nifty future witnessed an upside consolidation session today and in the end made closing in the green zone. The next resistance for bank nifty future seems close to the level of 12,080. Decisive closing above this resistance may take up it till the level of 12,250 in near run. In the downside the immediate support for bank nifty future seems close to the level of 11,860. Closing below this support may make it slip till the levels of 11,730 to 11,735 in near run.
Stock Tips for Tomorrow
Buy KOTAKBANK ( for delivery )
BUY ABOVE - 470.40
SL 456.10
TGT - 483,496.20
Buy B L Kashyap & Sons Ltd.
ABOVE - 381.20
SL 378.25
TGT - 400.10,420.35
Bank Nifty for Tomorrow
Bank nifty future touched the level of 12000 and overall it was yet another positive session. Overall banking stocks are still looking very impressive from the current levels also. The next technical resistance for bank nifty future seems close to the level of 12070 to 12080. Decisive closing above this resistance zone may take up it till the level of 12250 in near run. The immediate support for bank nifty future seems close to the level of 11850. decisive closing below this support may slip it till the levels of 10730 to 10735 in near run.
Nifty future for Tomorrow
Nifty is holding the up trend and trading close to the resistance zone of 5845 to 5850. Decisive closing above this resistance zone may lead the nifty future for the level of 6000 in near run. Overall it was very positive session for the market today and it got good strong buying on upper levels also. Now technically market is looking to continue this upswing and we may expect more upper levels. In the downside the immediate support for nifty future seems close to the levels of 5750 to 5755. Closing below this support zone may take nifty futures till the level of 5700 in near run. For intra day trading we recommend long position in nifty future above 5850 for the targets of 5900,5950,6000 in near run with stop loss around 5775.
Nifty For Monday - 13'Sep
Nifty continued the upward move today and made a yet another positive session. Today most of the time it traded above 5600 which is technically strong sign. The next resistance for nifty future seems in the zone of 5700 to 5710. Decisive closing above this resistance zone may lead nifty future towards the level of 5850 in near run. In the downside the immediate support for nifty future seems close to the level of 5565. Decisive closing below this level may create further selling pressure in nifty future. For intra day trading we recommend long position in nifty future from the current levels for the target of 5700 with a stop loss around 5585.
Bank Nifty for Monday - 13'Sep
Bank Nifty future as we already mention in our previous report that it is looking very strong and may make strong up moves and move towards the level of 11500 in near run. Today it was very strong positive session for bank nifty future and it registered yet another new high. Now the next resistance for bank nifty future seems close to the level of 11500. Decisive closing above this resistance may take the bank nifty future up towards the level of 11730 in near run. For intraday trading we recommend long position in bank nifty future until it close below 11000 for the targets of 11500,11600,11700.
