TATA MOTORS

chart source ichart

INFOSYS ELLIOT WAVE

New series starting with fresh f&o data.

New series starting with fresh f&o data.

F&O cues:

Total Puts add 52.2 lakh shares in Open Interest

Total Calls add 42 lakh shares in Open Interest

Highest OI buildup seen in 5200 Put & 5500 Call

5200 Put adds 11.3 lakh shares in Open Interest

5300 Put adds 9 lakh shares in Open Interest

5100 Put adds 8.85 lakh shares in Open Interest

5500 Call adds 3.2 lakh shares in Open Interest

5400 Call adds 5 lakh shares in Open Interest

Total Nifty Futures added 51.8 lakh shares in OI

Stock Futures adds 39.6 cr shares in OI

Nifty PCR fell to 0.92 from 1.13.

FIIs in F&O on August 30
 
FIIs net buy Rs 945 cr in Index Futures

FIIs net buy Rs 2995 cr in Index Options

FIIs net sell Rs 531 cr in Stock Futures

NIFTY UPDATES

 The markets gave a  volatile trading session yesterday and closed with little gains. The Sensex closed at 17542, up 51 points from its previous close, and the Nifty closed at 5315, up 27 points. The CNX Midcap index closed up 0.4% while the BSE Smallcap index closed with little gain 0.3% in yesterday trade. The market breadth was positive with advances at 716 against declines of 706 on the NSE.

Matket is still in buy on every dips mode till 5217 hold on closing basis. Market made a low of 5258 which is almost 50 DMA support also. All longs players should keep stop loss now at 5250 and should be in longs side.  Any close above 5365 this time will blast the rally till 5705 in few weeks. On daily charts slow stochastic indicators has placed in oversold and will try to move up. Nifty immediate support at 5302 and immediate resistance at 5362.

______________________________________________________________________

NOTE: - SMS BAN HAS REMOVED NOW SO ALL SUBSCRIBER WILL RECEIVED SMS FROM TODAY ONWARDS.  

LAST HOUR UPDATE

CARRY LONGS FOR NEXT DAY.
GOOD LUCK

Exit from 5300 put at current level around 20-25

MORNING UPDATE.

WE MAY SEE A LITTLE MORE CORRECTION IN TODAY SESSION.BUT TODAY WILL BE LAST DAY OF FALL. 

STRONG SUPPORT 5235 WHICH WILL BE MAXIMUM  FOR THIS FALLING WAVE.

WE ARE HOLDING 5300 PUT WHICH WILL BE WRITE TIME TODAY TO EXIT NEAR 50 LEVEL. 

HOLD SEPTEMBER LONGS.

YOU ALL WILL SEE 5705 LEVEL VERY SOON.  

DON'T BE PANIC.
WILL BE UPDATED AGAIN AT 3 PM TODAY.

NIFTY POSSIBLE WAVE COUNT STRUCTURE

CLICK ON CHART FOR ITS LARGER VIEW

MARKET BROKE 5300 LEVEL AND THE CORRECTION SHOULD END 5270 LEVEL MAXIMUM 5250 AND AFTER THAT WE WILL JUMP TO 5650-5700 IN NEXT LEG.

Nifty Update Mid session

What are Fii doing?

 They are buying nifty future every day by temporary selling in stocks future so that they pull down nifty, so that they can again  buy nifty future at lower level. Going with Fiis will be good strategy for us. Hold All longs. A strong up move is awaiting in our market once again.Fiis are doing same which they were doing around previous month expiry.

We have recommended nifty aug 5300 put around 13 hold this put. this is for hedging purpose. If nifty come around 5250 book profit there and hold sept position. 

Don't worry and live BINDASH.

GOOD LUCK

NIFTY UPDATE.

As I warned you around 5100-5200 level that a great rally was  awaiting in Indian market. Again I am saying that Nifty may lift from here towards 5600-5650. Maximum fall up to 5265-5245 may happen. Any close above 5365 will confirm the up move.
So I recommend to buy  nifty sept 5200 call around 190-195 and go for holiday. TARGET 500 MINIMUM

Reliance currently trading around 795. A smart move may come in reliance up to 840-860 in september. aggressive player may buy Reliance 820 call around 12.
cash players may buy reliance around current level.
stoploss will be given after market our today.
don't miss it
GOOD LUCK

LIVE MARKET AND RECOMMENDATION  WILL BE UP DATED AT 9.45 AM. 

NIFTY X-RAY REPORT FOR 29 AUG

LAST DAY SNAP SHOT:-

The markets closed with little declines yesterday also with metal taking a severe beating. The Sensex closed at 17632, down 47 points from its previous close, and the Nifty closed at 5335, down 15 points. The CNX Midcap index was down 1% while the BSE Smallcap index lost 1.4% in today's trade. The market breadth was negative with advances at 335 against declines of 1096 on the NSE. Mid cap and Small cap lost more than nifty index indicating that retail investors were panic.

CURRENT TECHNICAL CONDITION:-

market broke the important support of 5350 yesterday and made low of 5313 but some improvement seen from lower level in last hour. As per chart analysis it is in negative trend but data says that a up move should happen in today market. I was expecting it yesterday also. FII bought 15439 contracts of nifty future worth rs 433 cr with increasing in open interest indicating that fresh long position has created into the market yesterday. Just two days before expiry, huge liquidation by FIIs indicating that they have some up move plan. Watch nifty carefully if nifty hold yesterday low and trade above that level we may see a smart move till 5385-5414 level.

Technically now support is at 5313 and after that 5235 level. breaking of 5300 level we may see a fall upto 5235 level. Fii sold 817 crores in options and 28 lakh shares added  in 5300 call and 5400 call  indicating fii have sold 5300 and 5400 call before expiry, but nifty will close in higher end i will need more confirmation. If Nifty spot cross 5363 and sustain above this level for 15 min then we may see more up move rally up to 5385. Fresh buy will  come after 5363.

GOOD LUCK

NIFTY UPDATE

MARKET HAS BROKEN IMPORTANT SUPPORT WHICH WAS 5350 LEVEL. NOW DUE TO POLITICAL UNCERTAINTY CONCERN MARKET IS REACTING NEGATIVE AND WITH THE BREAKING OF 5350 LEVEL  THE ELLIOT WAVE THEORY HAS ALSO CHANGED NOW. ACCORDING TO  ELLIOT  WAVE THEORY THE WAVE OF (4) OF (B) MAY DRAG NIFTY TO 5235 LEVEL WHICH IS 50 DMA AND LONG TERM 7 MONTH TREND LINE  SUPPORT ALSO. AND 5235 WILL ALSO WILL ACT AS 50%  FIBONACCI CORRECTION. 

AFTER THAT NEXT BULL IMPULSIVE WAVE (5) OF (B) SHOULD START AND THIS WAVE MAY LIFT NIFTY UP TO 5650-5700.

SO 5250-AND 5235 WILL ACT AS STRONG SUPPORT AND WILL BE LAXAMAN REKHA ALSO.

  

NIFTY UPDATE

BUY NIFTY 5300 AUG PUT AT 13.40 AND EXIT FROM 5300 CALL AT CURRENT RATE.

HOLD NIFTY SEP FUTURE AND INFOSYS 2450  CALL.

NIFTY UPDATE

ALL TECH INDICATORS ON HOURLY CHART HAS PLACED IN OVER SOLD ZONE. 

HOLD YOUR LONGS TILL OUR NEXT UPDATE AT 1 PM
LOW RISK CALL  BUY INFOSYS 2450 CALL AT 15.50 STOPLOSS 10 TARGET 35-40

MORNING UPDATE

TODAY'S RECOMMENDATION

HOLD NIFTY FURTHER.

TRY TO EXIT FROM 5300 CE AROUND 90 (+/-3 POINTS) AND SEE THE UPDATE AT 10.30 AM AND 3 PM TODAY. FOR IMPORTANT ACTION.

I WISH YOU A LUCKY TUESDAY.

FROM TOMORROW SMS WILL START ONCE IN A DAY SO ALL SUBSCRIBER WILL GET SMS ONCE IN A DAY FOR NEXT 5 DAYS. BAN WILL BE FULLY REMOVED FROM NEXT WEEK.

NIFTY EYES: NIFTY X RAY REPORT FOR 28 AUGUST

NIFTY EYES: NIFTY X RAY REPORT FOR 28 AUGUST: NIFTY X -RAY REPORT FOR 28 AUGUST LAST DAY SNAP SHOT:-  The markets closed in little red today with realty, banking and capital goods...

NIFTY X RAY REPORT FOR 28 AUGUST

NIFTY X -RAY REPORT FOR 28 AUGUST
LAST DAY SNAP SHOT:-

 The markets closed in little red today with realty, banking and capital goods was the biggest losers. The Sensex closed at 17679, down by 104 points from its previous close, and the Nifty closed at 5350, down by 36 points. The CNX Midcap index was down 0.8% while the Small cap index lost 1% in today's trade. The market breadth was negative with advances at 418 against declines of 1021 on the NSE.

CURRENT TECHNICAL CONDITION:-

DII sold stocks worth rs 500 cr and FII bought this stocks in 200 crores in cash market. This is the trading attitude of our retails investors. Due to political uncertainty in UPA government market react negative.  They get hectic and panic very soon and sold their stocks in loss. Market is still in buy on every dip mode. 

As I was expected that market will take support around 5370 level but it breached and closed 20 points down from our support level at 5350. But no need to worried. Market has taken support at very important place today also.

Fii bought nifty future worth rs 384 crore  market slipped by 36.45 points and open interest decreased by -7.2% indicates that shorts have been covered today. Still no need to worry for bulls untill nifty is protecting 5300 level.

Nifty future open interest unwinded 1816400 contracts from current month and added 2585000 contracts in next month series, indicating that roll over have been done at lower level today. Indicating that smart money carrying their longs for next series. Total rollover is standing at 22%.

Nifty 5300 put added fresh 700,700 contracts in open interest indicating that nifty will protect 5300 level in august series. nifty 5400 call added 14,34,300 contracts in open interest, indicating that 5400 level will create strong resistance. If we find any unwinding Market slipped 36 points but selling pressure was very limited has seen in our market. And I hope a bounce in market tomorrow upto 5414. Market has given positive (almost 1% up) closing on every tuesday in August series.
GOOD LUCK

strategy update

CARRY YOUR TRADE AND REMOVE YOUR STOP LOSS FROM 5300 CE AND NIFTY FUTURE.  

MONDAY UPDATES

WE HAVE SEPT NIFTY FUTURE AT 5414 AND

NIFTY AUG 5300 CE AT 98

PLEASE KEEP STOP LOSS IN 5300 CE  AT 68 AND STOP LOSS FOR FUTURE WOULD BE AT 5370. BUT DON'T KEEP STOP LOSS IN SYSTEM, KEEP IT IN MIND, IF PRICE COME NEAR THE STOP LOSS LEVEL EXIT THERE.

TRY TO BOOK PROFIT IN NIFTY 5300 CE AT 128 AND BUY AGAIN AT 98 IF COME AFTER PROFIT BOOKING.

HOLD FUTURE WITH STOP LOSS AT 5370 SEP FUTURE LEVEL.

INDIAN POLITICAL CONDITION IS NOT SMOOTH ANY BAD NEWS MAY DRAG NIFTY DOWN. SO BE ALERT WITH YOUR STOP LOSS.

DON'T FORGET TO VISIT HERE AFTER 3 PM FOR CLOSING STRATEGY. IF VISIT NOT POSSIBLE PLEASE FEEL FREE TO CALL.

GOOD LUCK.

NIFTY X-RAY REPORT

LAST WEEK SNAP SHOT: - 

The markets closed last week with little losses with realty was the biggest looser. The Sensex closed at 17783, down with 67 points from its previous close, and the Nifty closed at 5387, down with 29 points. The CNX Midcap was down 0.6% while the BSE Small cap also lost 0.8% in last day trading session. The market breadth was negative with advances at 472 against declines of 945 on the NSE.

CURRENT TECHNICAL CONDITION:- 

Nifty made a low of 5371 which is very important support now  and 5445 is very important resistance now. Nifty must close above 5445 for next bull run. Any close above 5445 bull will take nifty 5550-5600. I expect nifty rally above 5445 and 5500 next week, but any close below 5370 this time will terminate the bullish view and nifty may fall to 5250 in coming days. Weekly trend is up and placed in highly bullish zone with expected target 5550-5600.

Fiis bought nifty future worth rs 146.79 crore and open interest decreased by 0.46% indicating that shorts have been covered at lower range around 5375 level.

Nifty hourly chart is at support at 5370 level. Nifty put call ratio is at 1.3 still have lots of hope to rise from further price range. Nifty daily chart RSI and slow stochastic is in overbought range so long players need to be cautious at 5370 support level, breaking this level nifty may try to get ride from overbought and may fall to 5267. but its chances are very low because Nifty 5300 put is standing with highest open interest with more than 1 crore so 5300 put writers may not let the nifty slip below 5350. On the call side Nifty 5500 call have highest open interest with more than 1 crore indicating that nifty may face resistance around 5480-5500.

SGX nifty is showing at 5426 so gap up opening is expected if Asian indices remain positive and nifty may touch 5445-5450 level on Monday session.  Nifty immediate resistance at 5445 and 5481 and Nifty will face immediate support at 5370. Expiry is near in next week so expect little volatility. 

ELLIOT WAVE COUNT

NIFTY UPDATED CHART VIEW

CLICK ON CHART FOR LARGER VIEW