Market Mid session overlook

As i have indicated you yesterday that 4900 put oi was added 10 lakh shares have cleared now that investors bought that stock in expectation that ECB will nothing do and market will fall. Currently 4900 put OI decreased it all OI today. Currently 5300 put added 14 lakh shares in open interest and 5300 call decreased by 7 lajh shares indicating that 5300 level is going to form base further.

FRIDAY MORNING UPDATE

AS I WAS TALKING ABOUT UPSIDE IN NIFTY THE DAY HAS COME. WATCH NIFTY 5300 SPOT PRICE LEVEL CAREFULLY. SHORT TERM SWING PLAYERS KEEP STOP LOSS AT 5300 SPOT NIFTY PRICE AND BE IN LONGS. ANY CLOSE OR SUSTAINING ABOVE 5360 WILL ZOOM RALLY MORE UPSIDE TILL 5395 IN VERY SHORT TERM.

MARKET UPDATE.

The European Central Bank agreed to launch a new and potentially unlimited bond-buying programme to lower struggling euro zone countries` borrowing costs and draw a line under the debt crisis, ECB President Mario Draghi said on Thursday.European shares gain almost 3% and U.S stocks up 2%.

I don't understand why people follow Mental-Funda when Technical Analysis is So Powerful Tool for Trading. Nifty 4900 put OI added more than 10 lakh shares in open interest. Is that smart money buying or  that is a expectation buy by retails investors in expectation that ECB will not do any thing positive for Market. Currently SGX nifty is trading at 5310 at the time of typing.

In the chart above you will see that Nifty has taken three time support at lower Bolinger band since nifty made low at 4770. Bolinger band is providing important information as shown on daily chart above. Daily chart shows that prices have given spike below the lower end of the Bolinger band for the 3^rd time since the bottom of 4750. Prices have recovered twice before and it is important to see that if prices can bounce back this time as well from here or not. Currently if we see on world indices all U.S and European stock are on the boom so hope that Bolinger band will provide stop this time also. 

In current situation conclusion is that, the level of 5217 should not be broken on closing basis for the next up leg to start from here. However,  we need first positive price confirmation nifty should be sustain above 5270 levels. A break below 5217 will increase the risk for bulls. But, the probability of below 5217 is low as of now.

  

MID SESSION UPDATE

NIFTY SPOT MADE LOW AT 5215.70                              
 TRUCK LOAD HERE AS MUCH AS YOU CAN            
PERHAPS YOU WILL NOT SEE THIS LEVEL AGAIN AFTER TODAY IN NEXT TWO MONTH                                                      

MORNING UPDATE

Market is trying to bottoming up here and will zoom very soon from here. But before real up move It may kiss 5220 spot level which will be last leg down side. keep patience.

NIFTY UPDATE FOR 6 SEP

NOTHING CHANGED TO MUCH IN LABELS BUT SOMETHING CHANGED IN TECHNICAL SIGNAL. MARKET WAS GIVING CLOSING BELOW 50 DMA SINCE 2 DAYS BUT THERE WAS  NOT TO MUCH SELLING PRESSURE AND TODAY IT CLOSED ABOVE 50 DMA ON DAILY CHART. ON DAILY CHART SLOW STOCHASTIC INDICATOR IS IN OVERSOLD ZONE. NIFTY HOURLY CHART HAS GIVEN BREAKOUT AFTER 11 DAYS ABOVE ITS FALLING TREND LINE, THIS IS A GOOD REVERSAL SIGNAL THAT NIFTY MAY GO UP IN NEAR TERM. NIFTY SPOT SUSTAINING ABOVE 5300 WILL GO TO 5375 VERY SOON.

IF YOU WILL KEEP PATIENCE YOU WILL MUST SEE NIFTY ABOVE 5630  IN SEPT. HIGHEST OPEN INTEREST IS STANDING AT 5200 PUT SO EXPECT 5200 LEVEL IS BASE FORMATION IN NEAR TERM IN SEP SERIES. 

POST MARKET UPDATE.

Dear subscriber as we have informed you via sms that market is trying to bottoming out. It has given good signal to recovered 45 points from lower level. We may see A 10% move on Nifty in Sept from 5233. Auto, Banks & Metals may  Lift this Rally. FMCG & Pharma can under-perform. If 5217 Holds "which is our Laxaman Rekha" I'm betting for New High Abv 5630 in sep series only. keep this sentences in your memory.

GOOD LUCK

MID SESSION UPDATE

MARKET IS TRYING TO BOTTOMING UP. MARKET HAS GIVEN TWO CLOSING BELOW 50 DMA, BUT WE HAVE NOT SEEN ANY STRONG SELLING PRESSURE WHICH WE GENERALLY SEE AFTER BREAKING OF 50 DMA. WE HAVE SEEN A LONG TREND LINE BREAKOUT ON NIFTY HOURLY CHARTS. IF NIFTY SPOT LEVEL SUSTAIN HERE ABOVE 5265 THEN WE MAY SEE A STRONG PULL BACK RALLY UP TO 5360 IN A SINGAL STRAIGHT WAVE. 

THE MAGIC OF 250

                                            THE MAGIC OF 250

WHAT IS THE MAGIC IN 250 ?

The magic is 250 may give you rs.4 lakh income per month.

How ? 

Yes 250 points of Nifty future per month may give you Rs 4 lakh income on monthly basis.

Lets see the example below.

YES ONLY 250 POINTS PER MONTH IN NIFTY FUTURE MAY TAKE YOU FROM 1 LOT  TO 32 LOTS IN JUST 20 MONTH.
INVESTMENT REQUIRE TO START RS.50000 ONLY.
250X 4 MONTHS= 1000 POINTS = 50000 RUPEES.
50000 YOUR ORIGINAL CAPITAL + 50000 EARNING IN 4 MONTHS = 100000.
NOW TRADE WITH 2 LOTS AFTER 4 MONTHS. BY DOING SO YOUR LOT SIZE WILL
BE DOUBLE ON EVERY 4 MONTHS. LETS SEE THE EXAMPLE.
MONTH             LOT                POINTS            INCOME
1                            1                      250                  12500
4                            2                      500                   25000
8                            4                    1000                   50000
12                          8                    2000                  100000
16                         16                   4000                  200000
20                         32                   8000                  400000
THIS EXAMPLE IS BASED ON 250 POINTS PER MONTH PER LOT.
INVESTMENT REQUIREMENT -RS.50000

YES NOW YOU HAVE SEEN THIS MAGIC FIGURE.

NOW HOW IT CAN BE FULL FILL YOUR DREAM BY TRADING IN STOCK MARKET IF YOU HAVE NOT A PROPER TRADING STRATEGY OR TRADING SYSTEM OR IF YOU ARE NOT A FULL TIME TRADER.

YOU MAY FULL FILL THIS TARGET EVEN THOUGH. 

YES !!!!

SUBSCRIBE WITH US.

SUBSCRIPTION DETAILS ARE GIVEN BELOW ON THE HOME PAGE OR CLICK ON CROREPATI BUTTON ABOVE.

HURRY.

NIFTY X-RAY REPORT FOR 4 SEPT.

NIFTY X-RAY REPORT FOR 4 SEPT.
The markets closed with little declines yesterday with realty was the worst performer. The Sensex closed at 17384, down 45 points from its previous close, and the Nifty closed at 5254, down 5 points. The CNX Midcap index was up 0.1% while the BSE Smallcap index gained 0.2% in today's trade. The market breadth was positive with advances at 780 against declines of 635 on the NSE.
FII sold 6935 contracts worth rs 189.98cr and open interest decreased by 6289 contracts indicates that no new money was used to short into the system. But Nifty closed below 50 DMA any more close below 5260 may worsen the bullish sentiment. There is a 3 month long term rising trend line support below at 5215 also.

As i have indicated earlier above 5217 trend will be bullish and with breaking this level trend will be bearish also. Market didn't reacted positive despite os positive news of GAAR. Due to frequently suspension of parliament market is reacting negative. 

On the put side 5200 put open interest is standing with highest open interest with the fresh addition of 677,500 shares yesterday, indicating that market will create as a support around 5200 level. A 3 months rising trend line is also coming at 5215 level.

On the call side 5400 call is standing with highest open interest with the fresh addition of 954,600 shares yesterday indicating that 5400 level will act as resistance further in the market.

Overall conclusion is that Market has to move up above 5295 spot level for up move. Market has made low 5239 in last two days, so 5239 will act as support level. next support at 5217.

FII investment and Indian market

 SEPT 2: 

Overseas investors pumped in close to Rs 11,000 crore in the Indian stock market in August - highest in six months - amid hopes of government initiatives on policy reforms and easing of monetary policy globally.

Thus, FII investment in the country’s equity market has reached Rs 63,070 crore so far this year, and Rs 24,518 crore in the debt market during the same period.

In August, Foreign Institutional Investors (FIIs) were gross buyers of shares worth Rs 48,136 crore, while they sold equities amounting to Rs 37,332 crore - net inflow of Rs 10,803 crore ($1.94 billion), according to the data available with the market regulator Sebi.

This was the highest net investment by FIIs in stocks since February, when they had infused Rs 25,212 crore. In July, they had pumped in Rs 10,273 crore.

However, the current political environment may dashed hopes as the monsoon session of Parliament has been stalled many times following the CAG’s report on coal block sanctions.

As on August 31, the number of registered FIIs in the country stood at 1,754 and total number of sub-accounts were 6,333 during the same period.

Stock markets are likely to react positively tomorrow as an expert committee on General Anti Avoidance Rules (GAAR) has recommended postponement of the controversial tax provision by three years.

Bernanke had in an August 31 speech to central bankers and economists at an annual forum in Jackson Hole focussed on the economic challenges that the US faces while hinting that the Fed will provide more policy stimulus, if needed, to aid recovery.

“Stock market would react positively to the GAAR move in near term,”

NEWS AND TECHNICAL WHICH WILL RULE WEEK AHEAD

THE NEWS WHICH WILL RULE WEEK AHEAD IN INDIAN MARKET.
The Expert Committee on General Anti-Avoidance Rule (GAAR) headed by Parathasarthi Shome has recommended that overseas investors who directly or indirectly hold stakes foreign institutional investors, should be exempt from the provisions of GAAR.
The draft guidelines on GAAR had proposed that when an FII chooses to take the benefit of a tax treaty, GAAR provisions may be invoked in the case of the FII, but not for unit holders invested in the scheme.
The expert committee on General Anti Avoidance Rules (GAAR) today recommended postponement of the controversial tax provision by three years and abolition of capital gains tax on transfer of securities.
 As a step towards reassuring global investors, the Committee in its draft report, suggested that GAAR provisions should not be invoked to examine the genuineness of the residency of entities in Mauritius.

Federal Reserve Chairman Ben Bernanke said that monetary authorities remain poised to stimulate the economy if it doesn't show signs of improvement soon and Fed remains ready to intervene with stimulus measures.

TECHNICAL WHICH WILL RULE WEEK AHEAD IN INDIAN MARKET. 
Both above news will try to rule next week in Indian market and may lift nifty upside. The chart given below also on support level. Nifty daily chart has taken support at 50 day moving avrages and nifty weekly chart has also taken on falling trendline and rising trend line around 5245.