NIFTY UPDATE

NIFTY SEPTEMBER FUTURE AT 5414 EXECUTED

NIFTY AUGUST 5300 CALL AT 98 EXECUTED.

BOTH HOLD FOR NEXT WEEK. ANOTHER BLASTING RALLY EXPECTED NEXT WEEK.

FEW  WEEK AGO WE HAVE RECOMMENDED HINDUSTAN UNI LIVER FOR CASH LOVERS AROUND 470 TODAY IT IS 527.

FOR CASH LOVERS:-

BUY ONGC AROUND 284 TARGET 320-330 VERY SOON IN NEXT MONTH. 

NIFTY UP DATE

All of you would be thinking that all bullish sentiment has changed now, but not like that. Use dip to buy. Market was extremely overbought and it is trying to get rid of them.

Yesterday we recommended to buy nifty at opening bell but soon our stoploss hit.

Fii  sold Nifty future worth rs -3.75 crores and nifty future was up by 4 points and open interest has increased indicating that Fiis have done only intraday trading and they have still keeping theirs long.

So dont be panic and use the dip to buy. I think Nifty will try to close above 5400 level and if it happen it will be good sign.

RECOMMENDATION FOR TODAY:-

 BUY NIFTY SEPTEMBER FUTURE BETWEEN 5404-5414 AND GO FOR HOLIDAY AND DON'T WORRY AND BE HAPPY.

BUY AGAIN NIFTY AUGUST 5300 CALL AROUND 98 LEVEL AND STOPLOSS WOULD BE 68.

BUT DONT TRY DO MISTAKE LIKE YESTERDAY YOU HAVE DONE.

DONT PLACE STOPLOSS ORDER IN SYSTEM SO EARLY. IF PRICES COME NEAR OR 10 POINTS ABOVE YOUR STOPLOSS THEN PUT THE STOPLOSS IN THE SYSTEM.

YESTERDAY YOU ALL WERE KEPT STOPLOSS AT 5410 AND MARKET FELL IN FIRST FASE RIGHT AT 5410 AND STOPLOSS HIT.

MUST SEE THE WEBSITE AT 3.15 PM TODAY OR IF NOT POSSIBLE TO SEE THE WEBSITE MUST CALL ME.

RECOMMENDATION

DUE TO SMS BAN IN INDIA  I AM NOT SENDING SMS SO PLEASE VISIT WEBSITE DAILY BEFORE MARKET OPENING FOR THE CURRENT STRATEGY. ALL MEMBERS ARE REQUESTED TO JOIN ON G TALK DURING MARKET HOUR OR FEEL FREE TO CALL ME.

TODAY'S STRATEGY. 

GRAB NIFTY FUTURE AT OPENING BELL BUT PRICE SHOULD BE BELOW 5460 TARGET WOULD BE 40 POINTS. AND STOP LOSS WOULD BE AT 5410.

WE ARE HOLDING 5300 CALL AT 98. PLACE SELL ORDER TO BOOK PROFIT AT 208 LEVEL INTO THE SYSTEM, STOP LOSS WOULD BE AT 120. IF SELL ORDER EXECUTED IN 5300 CALL ITS OK IF NOT EXECUTED ITS OK. I EXPECT 250-300 TILL NEXT WEEK.

I HAVE RECOMMENDED IN START OF MONTH BUY 5600 CALL AT 3.75- 4.00 HOLD THIS CONTRACT AND TRY TO BOOK PROFIT AROUND 20 LEVEL.

ALL SUBSCRIBERS ARE REQUESTED TO TALK AFTER 3 PM EVERY DAY TILL SMS IS BAN OR CHAT ON G TALK.

IF ANY CONFUSION PLEASE FEEL FREE TO TALK WITH ME.

THANKS AND REGARD 

NIFTY UPDATE.

 Nothing has been change in technical indicators. Market is in strong bullish zone and I think market will not turn its face without reaching 5600 or 5650. Nifty immediate resistance at 5475 - 5512 - 5548 -5585- 5622- 5660. Nifty immediate support at 5383. All these levels are nifty spot price. watch this level carefully. nifty will face resistance. Any close above 5475 + weekly close, we may see a another blasting rally up to 5548-5585-5622-5660 in next week.
5400 put has added more than 25 lakh shares in open interest indicating that bulls are making base at 5400 level for august series.
according to Elliot wave theory "B" wave is running and this wave should finish around 5600 and 5650, till then I expect that nifty will not turn its face.
Enjoy the rally till music on.

TODAYS TRADING STRATEGY

TODAYS TRADING STRATEGY
PLACE BUY ORDER IN NIFTY FUTURE AT 5410 TARGET 5460 STOPLOSS 5380 NIFTY FUTURE LEVEL.
PLACE SELL ORDER IN 5300 CALL AT 160 STOPLOSS 5380 NIFTY FUTURE LEVEL.
HOLD TILL THAN.
SMS IS BAN IN ALL OVER INDIA SO PLEASE VISIT WEBSITE DAILY TILL THAN OR JOIN TO GTALK.
THANKS AND REGARD.

NIFTY X-RAY REPORT FOR 22 AUGUST

LAST DAY SNAP SHOT:-
 It was a good expected trading day on Dalal Street as the Nifty managed to cross its resistance of 5400 which was a long term trend line resistance also and gave a close above it, for the first time since March 16. Banks, IT, cements and power stocks saw strong buying interest. Sensex closed at 17885, up 194 points and Nifty at 5421, up 54 points from the previous close. CNX Midcap index was up 0.3% and BSE Small cap index was up 0.5%. The market breadth was positive with advances at 798 against declines of 634 on the NSE. Top Nifty gainers were Sterlite industries, DLF and Sesa goa while losers included Bharti Airtel, Cairn India and PNB.
CURRENT TECHNICAL SITUATION:-
Nifty has crossed long term falling trend line and gave a close above 5400. So many players were thinking to short nifty around 5400 level but it gave a unexpected rise and closed at 5442 level. Nifty 5400 put added huge 2,958,400  shares in open interest with total Oi standing at 7,434,000. Nifty 5300 put added 1,635,000 shares in open interest with total oi standing at 10,785,550, Indicating clearly that market is not ready to fall below 5300 in August series.
As I have written yesterday that bull will take nifty above 5400 level and since so many days i have been writing that a good great rally is awaiting in Indian market but none of you believed and market came back from 5030 level. I have also indicated that we will see 6000 level in next two months earlier.
Nifty 5500 put added 925,250 shares in open interest. Oi addition in 5500 put indicating that bull may take nifty above 5500 also but we need more confirmation. We need two signals.
1:- If nifty close above 5475-80 level it will give first confirmation that Nifty may go above 5500.
2:- If nifty 5500 put addition increase by 10 lakh shares it will give second confirmation.
If we get above two confirmation Nifty will must go above 5500 for the target of 5555-5580.
Now 5380 will create a strong support zone for next day. I have told you earlier that bulls are  not going to give to bat bears and make a run even 40- 50 points in their hands.
Be long untill nifty above 5380 now on the closing basis. I expect atleast 100 points  more up rally from the current level.
Resistance --- 5475-5480
Support-------- 5380
If nifty future  come near 5410 level will be buying opportunity for the target of 5480-5545 with stoploss at 5380.
ENJOY !!!!!!!!!!!!!!!!!!!
GOOD LUCK.

REQUEST

 I REQUEST TO ALL SUBSCRIBER THAT SMS IS BAN IN ALL OVER INDIA AND IT WILL BE CONTINUE FOR NEXT 11 DAYS SO PLEASE CHECK YOUR MAIL BEFORE MARKET HOUR DAILY. ALL STRATEGY WILL BE SEND ON YOUR MAIL ID FOR NEXT 11 DAYS. 

CURRENTLY MARKET IS IN STRONG BULLISH BUT OVERBOUGHT ZONE ON DAILY CHART ALSO. A CORRECTION MAY HAPPEN BUT CHANCES ARE VERY LOW. i DONT EXPECT THAT 5300 LEVEL WILL BREACH IN THIS SERIES.
 TODAY CURRENTLY 5400 PUT OPEN INTEREST ADDED 10 LAKH SHARES SHOWING THAT BULLS ARE CONFIDENT TO SAVE NIFTY 5400 LEVEL AND MAY TAKE NIFTY TOWARDS 5480 LEVEL.
RECOMMENDATION:-
HOLD 5300 CALL TARGET 180 STOPLOSS 60   

NIFTY X-RAY REPORT FOR 21 AUGUST

Nifty has hit three months high on 17/08/2012
As per RSI ,NIFTY is in over bought territory with a value of 84.51

As per fast stochastic ,NIFTY is in over bought range with a value of 87.55As per slow stochastic , S&P CNX NIFTY is in over bought range with a value of 92.27

Nifty 5300 put added 785,700 shares in open interest with total open interest at 9,419,700 and Nifty 5400 put added 924,200 shares in open interest, indicating nifty will not go below 5300 in near term and may take support at this level. 5400 put has also written indicating that bull will try to take nifty once again above 5400 level.

Fiis bought index future worth rs 279 cr and open interest increased by 8208 contracts indicating clearly that fresh long has been buildup by Fiis into the system. and they have used the dip for buying. Nifty future went above 5400 but came down after CAG report came into the Market. 

5380 to 5400 level is acting as supply zone. Any close above 5400 level bull will take Nifty upto 5480 and 5555. Long players must keep stoploss at 5280 and be long untill the music on.