MORNING UPDATES

 Now consider the level of 5280 spot Nifty price, which is previous month high level. If market give two consecutive close above this level, one today which will be closing on weekly basis also, will be strong bullish sign for market and it  may kiss 5400 (70% retrenchment) very soon.
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 Yesterday lots of  short build up seen in the system but news from across global and domestic front market turned bullish, and it has crossed its line of control level which was 5217, successfully and trading above this level since morning. As i have discussed earlier that above 5217 market may kiss 5300 level very soon. 61.8% retrenchment level comes at 5300 and  70% comes at 5400 level.
now we can expect that above level comfortably.

NIFTY X-RAY REPORT FOR 29 JUNE

 NIFTY X-RAY REPORT FOR 29 JUNE
LAST DAY SNAP SHOT:-
The markets closed with moderate gains today with defensive sectors like FMCG and consumer durables being the biggest gainers. Banking and oil & gas lost significantly while realty and capital goods closed with moderate declines. The Sensex closed at 16991, up 23 points from its previous close, and the Nifty shut shop at 5149, up 7 points. The CNX Midcap index was up 0.04% while the BSE Smallcap index gained 0.2% in today's trade. The market breadth was positive with advances at 739 against declines of 689 on the NSE.
CURRENT TECHNICAL SITUATION:-
Market playing snack and ladder game between 5100 to 5200, but the game is going to over very soon. Technical remain same as was in previous session. But picture is going to clear very soon, most probably it will clear on friday session. Any close below 5106 we will see the touching of 50 SMA support which is currently at 5046 level. India vix is almost at support level waiting for bounce back.
Nifty 5300 call added 1,247,150 shares in open interest today standing highest open interest in call side. Nifty 5000 put added 1,842,750 shares in open interest, standing with highest open interest in put side. Indicating clearly the range of july series further. Nifty up by 7.25 points at 5149.15 and 5200 call price at 77.80, closed at -7.05 and open interest added 581,000 shares. Nifty price up 5200 call price down and open interest increased by 581,000 shares, indicating that calls have been written today. Now see the put side. Nifty 5100 put closed at 92.70 up by 9.70 and open interest increased by 949,650 shares while market is up by 7 points. According to nature call price should increased and put price should decreased but it happen just opposit. This data is indicating puts have been buying aggressively today and calls have been written. Indicating down move for next session. Nifty 4700 and 4800 put open interest have been added huge number of shares with price rising in opposite trend.
Long players need to be cautious at this time. Any close below 4995 on weekly basis can worsen the sentiment on bulls expectation. I highly expect that we will see 5046 level till next week. FIIs sold 1112.63 crores in cash market today which is highest selling in last two months indicating that FIIs are now in mood to sell.
Friday session will confirm the next trend.

HAVE A SEXY FRIDAY

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NIFTY X-RAY REPORT FOR 27 JUNE

  NIFTY X-RAY REPORT FOR 27 JUNE
LAST DAY SNAP SHOT:-
The markets closed with moderate gains today with oil & gas, power, banking and auto being the biggest gainers. Realty and healthcare, too, made substantial gains while consumer durables, FMCG and IT closed negative. The Sensex closed at 16907, up 24 points from its previous close, and the Nifty shut shop at 5121, up 6 points. The CNX Midcap index was up 0.6% while the BSE Small Cap index gained 0.02% in today's trade. The market breadth was negative with advances at 684 against declines of 731 on the NSE. The top Nifty gainers wereGAIL, Grasim, Tata Power, and Power Grid while the biggest losers included SAIL, HUL, Sesa Goa, and Sterlite.
CURRENT TECHNICAL SITUATION:-
Nifty 5200 call has highest open interest both in June and July series, indicating that 5200 is a big resistance for Nifty. Today 5200 call added 667,850 shares in open interest, and 5200 put decreased 401,250 shares from open interest. At current strike the activity is tilted to call side but writing of put is slightly increasing at 5100 level. The Nifty Put option is trading at discount so sentiment at lower level seems cautious. Yesterday Nifty Put option has added 995.2 lakh position and Nifty call option has added 665.83 lakh position in open interest on cumulative basis Money flow wise Nifty Put option has added 24.97 crores in value and Nifty call option has added 10.82 crores on cumulative basis. Nifty 5100 put added 882,800 shares in open interest, Indicating again volatile and range bound session for next day.
As per chart analysis any close below 5106 Nifty may drag for further fall. any close above 5204 bull may take nifty upto 5300 level.
Intraday trading is advisable for rest of June series.
Good luck

 

NIFTY X RAY REPORT FOR 26 JUNE

NIFTY X-RAY REPORT FOR 26 JUNE
LAST DAY SNAP SHOT:-
The markets closed with moderate declines last days and barring consumer durables, all sectoral indices closed negative. Banking, power, metal and realty were the worst performers in today's session and auto and IT, too, lost significantly. The Sensex closed at 16882, down 90 points from its previous close, and the Nifty shut shop at 5115, down 31 points. The CNX Midcap index was down 0.2% while the  The market breadth was positive with advances at 754 against declines of 677 on the NSE. The top Nifty gainers were Crain India, GAIL, RIL and Ambuja cement while the biggest losers included Hereo MOto corp, Siemens, Grasim and Cipla.
CURRENT TECHNICAL SITUATION
FIIs sold nifty future worth rs 72.48 cr  Nifty future down by 36 points and open interest increased by 2.09% indicating shorts have been entered in last session.
Nifty 5200 call which has  highest open interest through out the whole months added 2057,000 shares in  open interest,Nifty 5200 put added 415,150 shares in open interest. Nifty july 5200 call also added 354650 shares in open interest. These all option data indicating that 5200 call has been written yesterday.
As per Nifty charts analysis it has given closing at 8 days EMA with RSI indicator falling down indicating down move.Any close below 5090 bears will be upper hand.On weekly charts it has formed two consecutive red candlestick pattern and market closed near 20 Day moving averages. At current situation shorting strategy in nifty will be better.
I highly expect that nifty is coming down to 5030-4990.
SHORT NIFTY AT CURRENT MARKET PRICE WITH STOP LOSS AT 5133 ON THE CLOSING BASIS AND BOOK PROFIT ACCORDING TO YOUR APPETITE.
GOOD LUCK     

NIFTY X - RAY REPORT FOR 25 JUNE

 
LAST WEEK SNAP SHOT:-
The markets closed with moderate gains last week with healthcare, power and auto being the best performers. The Sensex was up 0.2% and Nifty, too, gained 0.2% over the week. The CNX Midcap index closed with 1.5% gain, BSE small cap gained 1% while the Bank Nifty closed with 0.2% loss. The BSE Healthcare was up 2.1%,BSE Oiland Gas gained 1%, BSE Power closed with 1.7% gain and BSE Auto was up 1.2%. The top Nifty gainers during the week were ONGC, Hero Moto Cop, and Reliance Infra while the biggest losers.
 The markets recovered significantly after gap down opening in the later half of trade to close with only moderate losses. Realty, auto, consumer durables and power were the best performers in last session, while metal and capital goods lost significantly.
CURRENT TECHNICAL SITUATION:-
As per chart analysis - Nifty has given 4 consecutive close above 13 and 34 EMA on daily charts indicating bullish sign. Nifty has given closing above 13 and 34 EMA on weekly chart with red hammer pattern with overbought slow stochastic indicator and with RSI flat moving around 51 level which is indicating that Nifty is tired to move further above 5190 level. As per Monthly chart price has close below 8 EMA but above 34 EMA with facing 5 months falling resistance near 5190. As per above 3 charts analysis trend current situation is indicating  that Nifty will face strong resistance around 5190. Now lets see which side data favoring from here.
FIIs bought index future worth Rs 150.34 crores on Friday and nifty future closed at 5151.15 (-0.44%) and open interest decreased by -2.72% indicating profit booking from long side. Nifty 5200 call open interest decreased after first time by 726,900 shares and 5200 put decreased by 62300 shares. Huge decrease from 5200 call indicating up move for next session. Nifty 4900 put open interest increased by 1273,950 shares in open interest creating doubt. Why 4900 put open interest increased hugely around 3 - 2.75 rs price value. AT the rate of  3 rs. Can smart money write option just before 4 days of expiry or smart money want to nifty down below 4900 before expiry. Lets consider reversal sign of market. Nifty India Vix index is at 20.58 and its RSI indicator has turned up indicating reversal in trend, Nifty put call ratio is at 1.82 also indicating extremely overbought situation and reversal any day in trend.
Now I present in front of you a magical number.
OH !!! magical number ? What is this magical number.
Magic number is 5217.
What is magic in 5217 ? I just tell you.

Nifty Magic For 2012

FNO game was started in India in full swing after 2003 … after that this strategy appeared in real value and till date working without any single mistake... This strategy works only with index (nifty) not with stocks … but investors can take full advantage of this strategy for building portfolio... Even traders also can get realistic idea of market moves like FIIs, DIIs and big players.  

Magic for you.. start from 2003 ……… watch 2003 nifty Jan month high its 1105.60 … now watch data of coming months of 2003 only when nifty closed above Jan month high … If I am not wrong then it is may 2003 when nifty closing price was 1106.80 .. Means above Jan 2003 high price.. And pls watch after that nifty never came down below Jan 2003 month high on closing basis till 31st dec 2003. According to strategy it was clear signal for market player to go long after may 2003... For whole 2003 year. 

 Now just watch 2004 Jan high – it is = 2014.65 never closed above this level in 2004 whole year means clear signal no buy in 2004 .

2005 – Jan month high was 2120.15.. Closed above on monthly basis in June 2005 @ 2220.60...again after that never broke Jan high on monthly closing basis in 2005.. Means go long after June 2005 till dec 2005.
2006 – Jan high 3005.10.. Closed above this level in feb 2006.. After that never broke the same... Clear buy signal.
2007 – Jan high- 4167 … closed above in may month 2007 … never broke after that.. Clear buy.
2008 – Jan high -6357 … never closed above this level in whole 2008... Means no buy... Only sell... Touched 2252 in that year.
2009 – Jan high – 3147.. Closed above in Apr 2009.. Never broke after that made high 5221 after that in 2009.. Clear buy.
2010- Jan high – 5310.85 closed above in June 2010.. Hit 6338 after that never broke.. Clear cut buy.
2011 – Jan high – 6200 never closed above this level in whole 2011... Means no buy... Only sell... Touched 4530 in that year.

This year Jan high is 5234(5217 spot)...Feb month closed above 5430...March month closed above 5333...April month closed above 5267 so as per above Observation, Nifty fut should not close below 5234 on month ending for the rest of the year, So on 30-06-2012 nifty future should close above 5234.But now nifty future at below 5200 since two months, So any one take risk at this level?? But dont forget one thing, history never failed till today, so hope for the best and try to follow above observation as per your risk appetite. 9 years data is  in front of you …. If still in doubt then only God can save you … thanks.
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