Declines were broad based, with 30 out of 30 Sensex stocks sliding, led by capital goods, Infrastructure, IT and the
Bank stocks. The market has turned the medium term trend down and entered into negative territory below the level
5150 on a closing basis. It was mandatory for bulls to exit or at least reduce trading positions below the level 5150
"before" of searching for next support level.
The break of higher top and higher bottom series will certainly invite further pain and in that case the market may
even fall to the lower boundary 4920/4940 (16570) with a minor support at 5060 and 5030 (16860) levels.
Bargain hunting buying (with a short term view) is advisable only around 4950/16570 levels as these are the important
supports for the market on weekly basis.
Buying on recoveries (not it advance) is advisable only if indices reverses from 5030/16860 levels. Keep a tight stop loss
below the level 5000 and keep a target of 5085 and 5110. The area between 5120 and 5140 should be selling area for
short sellers with a tight stop loss above 5175 levels. (Spot levels).
Market wide open interest is seen at Rs. 1,23,573 cr. Nifty futures have
seen marginal shed in open interest with discount seen at 10 points.
n Nifty remains in negative territory below 5220. The current movement is
expected to be last leg of the corrective down move. We expect this
correction to terminate around 5000 levels. Expect consolidation at lower
levels.
n Metal majors are expected to witness further downside. Breach of 630
will invite selling in Tata Steel. Banks and Realty majors are expected to
witness further selling in the near term.
n Auto majors trade with a positive bias led by Maruti and M&M; buying is
expected at lower levels. Pharma stocks are expected to trade with a
positive bias with accumulation at lower levels.
n Nifty options OI concentration is seen at 5300 call and 5000 put options.
Significant activity is seen in the options segment. In the Feb Series put
writing is seen at 4950 levels while call writing is seen at 5450-5500
levels.
Thursday, January 21, 2010
Wednesday, January 20, 2010
call as on 21/01/2010
Market wide open interest is seen at Rs.1,18,574 cr. Nifty futures have
seen marginal shed in open interest with futures trading at a discount of
7 points.
n Nifty has again closed near its turnaround level of 5230. Trend remains
positive above 5175. We advise holding long positions as long as 5175 is
held on to. On the higher call writing is seen at 5350-5400 indicating
possible upsides upto the mentioned levels. Put writing is seen at 5200
levels indicating possible buying support around the same.
n Reliance Capital is expected to test higher levels of 980 as it remains
strong above 880. IDFC remains positive above 140 for a medium term
target of 215; accumulation is advised in the same. Metal majors are
expected to gain. Tata Steel and Bhusan Steel is expected to gain in the
near term.
n ICICI Bank is expected to test 895 levels in the near term; profit booking is
expected around the same. Real Estate majors remain under pressure as
they remain weak.
n Nifty options OI concentration is seen at 5300 call and 5200 put options.
Expect a range bound expiry with significant volatility within the range
seen marginal shed in open interest with futures trading at a discount of
7 points.
n Nifty has again closed near its turnaround level of 5230. Trend remains
positive above 5175. We advise holding long positions as long as 5175 is
held on to. On the higher call writing is seen at 5350-5400 indicating
possible upsides upto the mentioned levels. Put writing is seen at 5200
levels indicating possible buying support around the same.
n Reliance Capital is expected to test higher levels of 980 as it remains
strong above 880. IDFC remains positive above 140 for a medium term
target of 215; accumulation is advised in the same. Metal majors are
expected to gain. Tata Steel and Bhusan Steel is expected to gain in the
near term.
n ICICI Bank is expected to test 895 levels in the near term; profit booking is
expected around the same. Real Estate majors remain under pressure as
they remain weak.
n Nifty options OI concentration is seen at 5300 call and 5200 put options.
Expect a range bound expiry with significant volatility within the range
The Dollar Index is the only cause of concern for equities as the chart of Dollar Index is exhibiting further up move to
80 levels from current 78 levels. It will minimize the fresh inflows into emerging markets in the near term and may
lead to profit taking in equities world wide.
In our weekly updates, we mentioned that the market has resumed one more series of higher bottom at 5170/5150,
(17230) which is a positive signal for the market. However, since then the market has not formed a new (higher) high
above the level 5310/17790 that may dampen the sentiment if it breaks 5150/17230 level on a closing basis. Today in
case the market survives above it then we may expect mild recovery to 5230/17500 levels but in case the market
sustains above 5245/17560 levels in the second half of the trading session then it will probably reverse the current
weakness in the market.
Nifty Strategy: As the market is still into the range the strategy should be to buy around 5185/5180 with a tight stop
loss below 5150. In case the market sustains below the level 5150 in the second half of the trading session then the
strategy should be to sell with a stop loss above 5200. On the higher side short term traders can go short around
5230/35 levels with a tight stop loss above 5246 for the day. Expect bullish momentum above 5245 level in the second
half of the trading session. (Spot levels)
Tuesday, January 19, 2010
report as on 20/01/2010
Market wide open interest is seen at Rs. 1,16,082. Marginal shed is seen
in Nifty futures which trade with a negative basis.
n Nifty has closed near its turnaround level of 5230. Trend remains positive
above 5175. We advise holding long positions as long as 5175 is held on
to. On the higher call writing is seen at 5350-5400 indicating possible
upsides upto the mentioned levels. Put writing is seen at 5200 levels
indicating possible buying support around the same.
n Reliance Capital is expected to test higher levels of 980 as it remains
strong above 880. Aban is expected to test 1600 on the higher side. Long
positions can be initiated in the above mentioned stocks.
n ICICI Bank is expected to test 895 levels in the near term; profit booking is
expected around the same. Real Estate majors remain under pressure as
they remain weak. Metals are expected to continue to consolidate in the
near term.
n Nifty options OI concentration is seen at 5300 call and 5200 put options.
Expect a range bound expiry with significant volatility within the range
in Nifty futures which trade with a negative basis.
n Nifty has closed near its turnaround level of 5230. Trend remains positive
above 5175. We advise holding long positions as long as 5175 is held on
to. On the higher call writing is seen at 5350-5400 indicating possible
upsides upto the mentioned levels. Put writing is seen at 5200 levels
indicating possible buying support around the same.
n Reliance Capital is expected to test higher levels of 980 as it remains
strong above 880. Aban is expected to test 1600 on the higher side. Long
positions can be initiated in the above mentioned stocks.
n ICICI Bank is expected to test 895 levels in the near term; profit booking is
expected around the same. Real Estate majors remain under pressure as
they remain weak. Metals are expected to continue to consolidate in the
near term.
n Nifty options OI concentration is seen at 5300 call and 5200 put options.
Expect a range bound expiry with significant volatility within the range
shut the market to day's lowest level 5225/17486. Today, we should be ready to see the level of 5190/5195 (17370) on
the lower side as the market closed below the short term support level 5235/17530.
The market's trend is up and positive but it's range bound (5150/5285) may be because of limited upside and that is
the cause of concern. Break out traders are not willing to anticipate the break out or break down; rather they are
using contra trading strategy near the break out or break down levels with a minimal stop losses. For positional
traders our advice is to trade long with a final stop loss at 5150/17230 on a closing basis.
Short term traders can play the contra buy strategy around 5190/5195 levels with an upside target 5260/5270 and keep
a final stop loss below 5150. In case, markets open high then the strategy should be to trade short around 5270/75 in
the early hours of trading with a final stop loss above 5295 (spot levels).
Monday, January 18, 2010
Sunday, January 17, 2010
report as on 18/01/2010
Market wide open interest is seen at Rs. 1,12,295 Crs. Nifty futures
volumes were dull on Friday with addition of 3.30 lakh shares seen.
n Nifty Jan turnaround is seen at 5220 levels. Sustain above the same
would be positive for the index as that would indicate the strength of
buyers in the market. Above 5285, short covering can be expected.
n Banking stocks could witness some short-covering in case Nifty manages
to sustain above 5285. SBIN would be our preferred pick for going long.
n Cement stocks could remain positive in the current week led by
AMBUJACEM and ACC. From the telecom space RCOM looks to positive
for a target of 210.
n Nifty options OI concentration is seen at 5300 call and 5200 put options.
IV's have decreased to around 17-18% which is very low indicating
markets to continue sideways action in the current series.
The week past and expectedvolumes were dull on Friday with addition of 3.30 lakh shares seen.
n Nifty Jan turnaround is seen at 5220 levels. Sustain above the same
would be positive for the index as that would indicate the strength of
buyers in the market. Above 5285, short covering can be expected.
n Banking stocks could witness some short-covering in case Nifty manages
to sustain above 5285. SBIN would be our preferred pick for going long.
n Cement stocks could remain positive in the current week led by
AMBUJACEM and ACC. From the telecom space RCOM looks to positive
for a target of 210.
n Nifty options OI concentration is seen at 5300 call and 5200 put options.
IV's have decreased to around 17-18% which is very low indicating
markets to continue sideways action in the current series.
Technically speaking: In the last week the market sustained above the multi support level 5160/5170 (earlier it was
resistance) and bounce back to the resistance level 5280/17640. We may call it as a tight range activity because the
market has not gone beyond technical support and resistance levels.
However, we can say that the market has added one more, "higher bottom" into the series of higher top higher bottom
at 5170/17270 levels. These levels may act as a important support for the market in the medium term and dismissal of the
same on "closing basis" may weaken the sentiment substantially. In that case the fall may extend to 5050/5030 (16840)
levels.
On the higher side the level 5280/17640 may act as a crucial resistance for the market and sustenance above the same
may lift the market into new territory to 5400/18000 levels.
For the day the level of 5235/30 (17500) may act as a initial support level for the market and in case the market sustains
below the same in the second half then the level of 5190/5170 (17370/17270) is not ruled out. In case the market refuses
to trade below 5230/17500 or if it recovers from these levels then it will be an opportunity to trade long with an upside
target 5280 and 5310 (17640/17800).
Sector specific: In the last week the activity was mainly into Reality, Power, second line Infrastructure stocks and
technology. The momentum remained dull in Banking and Auto stocks (especially in Maruti, Hero Honda, ICICI Bank and
SBIN). In the current week we are expecting momentum in Pharma, Reality and Sugar stocks (especially in Cipla, Lupin, DLF,
HDIL, Renuka and Bajaj Hind. We are not concentratin,g much on frontline IT stocks due to completion of upward targets
on most of them except (TCS).
In current week the Banking sector may do well if frontline stocks like SBIN and ICICI Banks holds above their recent
bottoms. However, buying is advisable on recoveries into the same. The activity is still missing in Infra stocks however,
capital goods and power stocks may do well (especially Tata Power).
Friday, January 15, 2010
Thursday, January 14, 2010
performance report as on 14/01/2010
silver buy call given @ 28265/- sl 28100/- tgt 28560/-
booked profit @28420/-
for free calls add dhavalthakkar2004@yahoo.co.in or
for sms service send ur mobile number & name to
dhavalthakkar78@gmail.com
performance report as on 14/01/2010
silver buy call given @ 28265/- sl 28100/- tgt 28560/-
booked profit @28420/-
for free calls add dhavalthakkar2004@yahoo.co.in or
for sms service send ur mobile number & name to
dhavalthakkar78@gmail.com
booked profit @28420/-
for free calls add dhavalthakkar2004@yahoo.co.in or
for sms service send ur mobile number & name to
dhavalthakkar78@gmail.com
Wednesday, January 13, 2010
perfor,ance report as on 13/01/2010
nifty buy call given @ 5185/- sl 5140/- tgt 5240/-
TGT ACHIVE
cnx it buy call given @ 5975/- sl 5940/- tgt 6070/-
TGT ACHIVE
silver short call given @ 28075/- sl 28225/- tgt 27750/-
booked profit @ 27940
Tuesday, January 12, 2010
report as on 13/01/2010
Market wide open interest is seen at Rs. 1,03,360. Nifty futures have seen
highest volumes in the current series. Market shed in open interest with a
negative basis indicates long closure.
n Nifty Jan turnaround is seen at 5220 levels. Sustain below the same will
indicate strength of sellers. We expect the index to take support at 5160-
5170 and bounce back to resume its uptrend. On the other hand breach
of the same will invite significant selling.
n Banking majors remain under pressure led by SBIN and ICICI Bank. Real
estate majors are expected to witness selling pressure from current
levels.
n Pharma stocks continue to trade with a positive bias led by BIOCON and
Ranbaxy. Immediate support for Ranbaxy is seen at 500 levels. Infosys has
major resistance at 2605 levels; failure to cross the same will invite selling
in the stock. TechM is expected to test 1100 levels in the near term.
n Nifty options OI concentration is seen at 5300 call and 5000 put options.
Significant OI is seen at 5000-5100-5200 put options. No closure in put
options despite of the fall indicates comfort of put writers.
highest volumes in the current series. Market shed in open interest with a
negative basis indicates long closure.
n Nifty Jan turnaround is seen at 5220 levels. Sustain below the same will
indicate strength of sellers. We expect the index to take support at 5160-
5170 and bounce back to resume its uptrend. On the other hand breach
of the same will invite significant selling.
n Banking majors remain under pressure led by SBIN and ICICI Bank. Real
estate majors are expected to witness selling pressure from current
levels.
n Pharma stocks continue to trade with a positive bias led by BIOCON and
Ranbaxy. Immediate support for Ranbaxy is seen at 500 levels. Infosys has
major resistance at 2605 levels; failure to cross the same will invite selling
in the stock. TechM is expected to test 1100 levels in the near term.
n Nifty options OI concentration is seen at 5300 call and 5000 put options.
Significant OI is seen at 5000-5100-5200 put options. No closure in put
options despite of the fall indicates comfort of put writers.
report as on 13/01/2010
On Tuesday, the market opened higher on the back of strong results by the Index giant Infosys but in the later part of
the day the market had erased all the gains of the morning and closed into negative territory below the level 5235. If
we compare the current trading pattern with others in the past then we can say that, this time traders have opened
positions in several stocks and that may invite steep sell-off to the levels 5100/5080 (17050), if it fails to sustain above
5170 levels in the second half of the trading session.
In case the market opens lower to 5170/17330 levels and if it refuses to go below the same in the second half of the
trading session then the market may recover back to median levels 5225/17510 levels
Buying is advisable only on recoveries.
the day the market had erased all the gains of the morning and closed into negative territory below the level 5235. If
we compare the current trading pattern with others in the past then we can say that, this time traders have opened
positions in several stocks and that may invite steep sell-off to the levels 5100/5080 (17050), if it fails to sustain above
5170 levels in the second half of the trading session.
In case the market opens lower to 5170/17330 levels and if it refuses to go below the same in the second half of the
trading session then the market may recover back to median levels 5225/17510 levels
Buying is advisable only on recoveries.
Monday, January 11, 2010
report as on 12/01/2010
There was hardly any change into the trading pattern of the market on Monday as compared to previous day's
trading. The market erased almost all initial gains during final trading hours. We will concentrate on same levels 5170/
17330 and 5340/17950 of last few days. In the case the market sustains below the level 5235/17500 in the second half
then we may see the market reaching 5170/17330 levels. On the higher side sustenance of the market above the level
5280/17660 will lift the market to 5310/5340 levels. In case the market closes below the level 5170/17330 on daily basis
then the market may even fall to 5080/17050. Buying is advisable only on recoveries and cautious while adding long
positions if the market opens higher to 5340/17950 levels.
trading. The market erased almost all initial gains during final trading hours. We will concentrate on same levels 5170/
17330 and 5340/17950 of last few days. In the case the market sustains below the level 5235/17500 in the second half
then we may see the market reaching 5170/17330 levels. On the higher side sustenance of the market above the level
5280/17660 will lift the market to 5310/5340 levels. In case the market closes below the level 5170/17330 on daily basis
then the market may even fall to 5080/17050. Buying is advisable only on recoveries and cautious while adding long
positions if the market opens higher to 5340/17950 levels.
commodity call as on 11/01/2010
positional call buy silver above 28595/- tgt 28850/- sl 28325/- cmp 28500/-
Sunday, January 10, 2010
report as on 11/01/2010
The week past and expected
Technically speaking: In the middle of the last week the market has formed peculiar top at 5310/17790 and reversed
back quickly. We are calling it as a peculiar top because it is in real terms distinct from other weekly tops. It's a reversal
activity from highest levels with huge volumes on weekly basis. The weakness was supported with a two mega sectors
namely Technology and Auto in which we came across sustained run-up in last several months.
The second supporting observation is weekly lowest level which is almost parallel to previous week's low. In case the
market fails to hold the level 5170/17330 and breaches 17310/5150 level then it may weaken the sentiment further to
5090/17050 or 5050/16950 levels.
The chances of hitting 5190/5170 levels are bright as the market closed below the crucial support area 5250/5260 (17620).
However, 5190/5170 (17350) levels may act as a good support area for the market. Previously the market has spent
nearly "two months" below the same. Our advice is to buy only on sharp recovery from these levels instead of buying in
advance around the same. The reason behind buying on recovery is, below the level 5170 the market has next immediate
support at 5150, which is weekly lowest level and sustenance of the market below the same will quickly pull to 5090/5040
levels.
Market wide open interest is seen at Rs. 99,181 cr. Nifty futures have
seen marginal reduction in open interest with premium seen at 5 points.
n Nifty remains in an uptrend above 5160 for an initial target of 5350. Jan
turnaround is seen at 5213 above which the sentiment remains significantly
positive. As compared to global indices, our index has under performed
and hence significant upsides can be expected as long as the index
sustain above 5160-5200 levels.
n TechM is expected to gain significantly in the near term. Above 1000 levels,
expect 1100 in the near term. Infosys Tech is expected to complete its
correction at 2450 levels from where a bounce back is expected.
n Metal majors are expected to consolidate in the near term after having
gained significantly in the recent past. Pharma stocks are expected to
gain in the near term. Traders/investors are advised to maintain long positions
in Biocon, Ranbaxy and other pharma majors.
n Nifty options concentration is seen at 5000 put and 5300 call. Call writing
is seen at 5350-5400 levels while no significant put writing is seen in the
current series. IV's remain on the lower side which indicates range bound
movement in the current series.
Technically speaking: In the middle of the last week the market has formed peculiar top at 5310/17790 and reversed
back quickly. We are calling it as a peculiar top because it is in real terms distinct from other weekly tops. It's a reversal
activity from highest levels with huge volumes on weekly basis. The weakness was supported with a two mega sectors
namely Technology and Auto in which we came across sustained run-up in last several months.
The second supporting observation is weekly lowest level which is almost parallel to previous week's low. In case the
market fails to hold the level 5170/17330 and breaches 17310/5150 level then it may weaken the sentiment further to
5090/17050 or 5050/16950 levels.
The chances of hitting 5190/5170 levels are bright as the market closed below the crucial support area 5250/5260 (17620).
However, 5190/5170 (17350) levels may act as a good support area for the market. Previously the market has spent
nearly "two months" below the same. Our advice is to buy only on sharp recovery from these levels instead of buying in
advance around the same. The reason behind buying on recovery is, below the level 5170 the market has next immediate
support at 5150, which is weekly lowest level and sustenance of the market below the same will quickly pull to 5090/5040
levels.
Market wide open interest is seen at Rs. 99,181 cr. Nifty futures have
seen marginal reduction in open interest with premium seen at 5 points.
n Nifty remains in an uptrend above 5160 for an initial target of 5350. Jan
turnaround is seen at 5213 above which the sentiment remains significantly
positive. As compared to global indices, our index has under performed
and hence significant upsides can be expected as long as the index
sustain above 5160-5200 levels.
n TechM is expected to gain significantly in the near term. Above 1000 levels,
expect 1100 in the near term. Infosys Tech is expected to complete its
correction at 2450 levels from where a bounce back is expected.
n Metal majors are expected to consolidate in the near term after having
gained significantly in the recent past. Pharma stocks are expected to
gain in the near term. Traders/investors are advised to maintain long positions
in Biocon, Ranbaxy and other pharma majors.
n Nifty options concentration is seen at 5000 put and 5300 call. Call writing
is seen at 5350-5400 levels while no significant put writing is seen in the
current series. IV's remain on the lower side which indicates range bound
movement in the current series.
Thursday, January 7, 2010
report as on 08/01/2010
The opening was neutral on Monday. However, it failed to move further in the latter part of the day. Stocks
struggled a lot to sustain at higher levels and they failed to cheer up the sentiment on the back weakness in IT and
Auto stocks.
Currently, the market has retraced beyond its normal limits in the short run. The rally that we came across from 4930
levels was smart but quick and may be that is the reason traders are exercising caution above the break out levels of
5180/5170. For the day we will keep a watch on the level 5240/16550 as sustenance of the market below the same
may weaken the sentiment further. Below the above mentioned levels the market has next major support in the
region 5190 and 5170 (17430/17350). Any close below the level 5160/17300 may deepen the current fall to 5100/5080
levels.
Our advice is to remain short below the level 5240/16550 with a tight stop loss above 5276 level. However, one should
be cautious in short positions around the support area 5190/5170 as these levels may act as a concrete support for the
market and "reversal" from these levels may invite sideline long traders to join the fresh up move that will try
surpassing 5300 levels.
Market wide open interest is seen at Rs. 97,435 cr. Nifty futures premium
is seen at 3 points with marginal reduction in open interest. Three day
average for the index is seen in the range of 5260-5280; near term trend
depends significant on how nifty behaves around the same.
n Nifty is expected to have completed its correction at 5245 levels. Cross of
5310 will confirm the reversal of the index. Targets for the index are seen
at 5350-5400 in the near term. Jan turnaround is seen at 5200 above
which buyers remain strong.
n IDFC is expected to test 173 in the near term. SBIN remains strong above
2260 for 2340/2370 on the higher side. ICICI is expected to complete its
correction around 873 levels.
n Metal majors are expected to consolidate in the near term. Price correction
is expected in the same. Capital goods majors are continue to consolidate
at current levels. Telecom majors are expected to gain from current
levels. Investors are advised to accumulate Rcom and Bharti at current
levels.
n Nifty options OI concentration is seen at 5300 call and 5000 put options.
Call writing is seen at 5350-5400 levels indicating possibility of the index
testing the same before any profit booking sets in.
struggled a lot to sustain at higher levels and they failed to cheer up the sentiment on the back weakness in IT and
Auto stocks.
Currently, the market has retraced beyond its normal limits in the short run. The rally that we came across from 4930
levels was smart but quick and may be that is the reason traders are exercising caution above the break out levels of
5180/5170. For the day we will keep a watch on the level 5240/16550 as sustenance of the market below the same
may weaken the sentiment further. Below the above mentioned levels the market has next major support in the
region 5190 and 5170 (17430/17350). Any close below the level 5160/17300 may deepen the current fall to 5100/5080
levels.
Our advice is to remain short below the level 5240/16550 with a tight stop loss above 5276 level. However, one should
be cautious in short positions around the support area 5190/5170 as these levels may act as a concrete support for the
market and "reversal" from these levels may invite sideline long traders to join the fresh up move that will try
surpassing 5300 levels.
Market wide open interest is seen at Rs. 97,435 cr. Nifty futures premium
is seen at 3 points with marginal reduction in open interest. Three day
average for the index is seen in the range of 5260-5280; near term trend
depends significant on how nifty behaves around the same.
n Nifty is expected to have completed its correction at 5245 levels. Cross of
5310 will confirm the reversal of the index. Targets for the index are seen
at 5350-5400 in the near term. Jan turnaround is seen at 5200 above
which buyers remain strong.
n IDFC is expected to test 173 in the near term. SBIN remains strong above
2260 for 2340/2370 on the higher side. ICICI is expected to complete its
correction around 873 levels.
n Metal majors are expected to consolidate in the near term. Price correction
is expected in the same. Capital goods majors are continue to consolidate
at current levels. Telecom majors are expected to gain from current
levels. Investors are advised to accumulate Rcom and Bharti at current
levels.
n Nifty options OI concentration is seen at 5300 call and 5000 put options.
Call writing is seen at 5350-5400 levels indicating possibility of the index
testing the same before any profit booking sets in.
Wednesday, January 6, 2010
report as on 07/01/2010
For the day, the lowest level of Wednesday's session (5250/17600) will play a crucial role. Sustenance below the same
may push the market to 5210/5180 (17530/17430) levels. In case, the market fails to recover from here then it may
extend the losses to 5170/17350 levels. On the other side in case the market survives above 5250/17600 levels then we
may expect again the level of 5340/5350 (17950). Our advice is to trade as per levels.
may push the market to 5210/5180 (17530/17430) levels. In case, the market fails to recover from here then it may
extend the losses to 5170/17350 levels. On the other side in case the market survives above 5250/17600 levels then we
may expect again the level of 5340/5350 (17950). Our advice is to trade as per levels.
Tuesday, January 5, 2010
calls as per 06/01/2010
The market has left the gap between 5247-5263 levels, is the sign of exhaustion. In the past we have seen that the
market has filled it quickly and this time also we can expect the same.
Here the strategy should be to trade cautiously at higher levels and enter into short positions if indices reverse sharply
from current or higher levels (5340/17950). In case the market starts sustaining below the level 5235/17570 in the
second half of the trading session then we may expect further slide to minimum to level 5190/17420 and maximum to
the level 5160/17290 in the near term. On the higher side resistance exists at 5340/17950 levels.
market has filled it quickly and this time also we can expect the same.
Here the strategy should be to trade cautiously at higher levels and enter into short positions if indices reverse sharply
from current or higher levels (5340/17950). In case the market starts sustaining below the level 5235/17570 in the
second half of the trading session then we may expect further slide to minimum to level 5190/17420 and maximum to
the level 5160/17290 in the near term. On the higher side resistance exists at 5340/17950 levels.
calls & report as on 06/01/2010
positional call buy nifty @ 5270/- sl 5235/- tgt 5350/-
positional call biocon @285/- sl 265/- tgt 320/-
book profit in bank nifty @9240/- call given @ 9165/- yesterday
positional call biocon @285/- sl 265/- tgt 320/-
book profit in bank nifty @9240/- call given @ 9165/- yesterday
Monday, January 4, 2010
calls as per 05/01/2010
1}positional call buy jindalsteel @ 728/- sl 710/- tgt 780/
2}05/01/2010 12:13:40 PM): positional call buy nifty @ 5270/- sl 5235/- tgt 5350/-
3}(05/01/2010 10:16:36 AM): buy bank nifty @9160/- sl 9125/- tgt 9250/-
book profit call as on 04/01/2010
book full profit in nifty call given yesterday @ 5233/- now 5280/- &
acc call given @ 893/- now 920/- book full profit
acc call given @ 893/- now 920/- book full profit
report as on 05/01/2010
On Monday the market opened at an almost unchanged level but sustained well above the opening level and
gradually moved towards our requisite level 5270/17640. May be today in the morning the market may reach the
5270/17640 level or maximum up to 5340/17950 level, but around these levels our advice is to trade cautiously as these
levels may attract profit taking.
In case the market reverses "sharply" from these 5270 or 5340 levels then it will be an opportunity search from
shorting strategy with a short view in mind. Buying put options should be the strategy. On the lower side we may
expect support in the range 5204/17470 level and in case the market sustains below it then the fall may accelerate to
the level 5160/5140 (17270/17240) levels.
For the day our advice is to trade cautiously at higher levels however, shorting is advisable only on sharp reversal from
these levels.
gradually moved towards our requisite level 5270/17640. May be today in the morning the market may reach the
5270/17640 level or maximum up to 5340/17950 level, but around these levels our advice is to trade cautiously as these
levels may attract profit taking.
In case the market reverses "sharply" from these 5270 or 5340 levels then it will be an opportunity search from
shorting strategy with a short view in mind. Buying put options should be the strategy. On the lower side we may
expect support in the range 5204/17470 level and in case the market sustains below it then the fall may accelerate to
the level 5160/5140 (17270/17240) levels.
For the day our advice is to trade cautiously at higher levels however, shorting is advisable only on sharp reversal from
these levels.
Sunday, January 3, 2010
report as on 04/01/2010
Market wide open interest is seen at Rs. 76958 cr. Nifty futures trade at
a premium of 14 points with open interest on the lower side as compared
to previous expiries.
n Nifty Dec series ended on a strong note. Resistance at 5200 levels was on
account of significant call writing seen at the same strike. Medium term
trend for the index remains positive above 4950 levels for a minimum
target of 5350. Jan turnaround is seen at 5145 above which the sentiment
remains strong and long positions can be held..
n Unitech remains positive above 78 levels for a minimum target of 91 on
the higher side. HDIL also remains positive at current levels. Banking majors
are expected to trade with a positive bias. SBIN is expected to test
2300-2325 levels in the near term. ICICI Bank.
n Metal majors remain positive at current levels. Tata Steel expected to
test 600-610 on the downside; buying is advised at lower levels for 675/
725 on the higher side. Sterlite remains positive for the medium term;
investors can accumulate the same.
n Nifty options concentration is seen at 5300 call and 5000 put options. Call
writing is seen at 5350-5400 levels indicating possibility of the index testing
the same in the near term. Profit booking expected at the mentioned
levels.
a premium of 14 points with open interest on the lower side as compared
to previous expiries.
n Nifty Dec series ended on a strong note. Resistance at 5200 levels was on
account of significant call writing seen at the same strike. Medium term
trend for the index remains positive above 4950 levels for a minimum
target of 5350. Jan turnaround is seen at 5145 above which the sentiment
remains strong and long positions can be held..
n Unitech remains positive above 78 levels for a minimum target of 91 on
the higher side. HDIL also remains positive at current levels. Banking majors
are expected to trade with a positive bias. SBIN is expected to test
2300-2325 levels in the near term. ICICI Bank.
n Metal majors remain positive at current levels. Tata Steel expected to
test 600-610 on the downside; buying is advised at lower levels for 675/
725 on the higher side. Sterlite remains positive for the medium term;
investors can accumulate the same.
n Nifty options concentration is seen at 5300 call and 5000 put options. Call
writing is seen at 5350-5400 levels indicating possibility of the index testing
the same in the near term. Profit booking expected at the mentioned
levels.
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