NIFTY X-RAY REPORT FOR 09 JULY

 
LAST WEEK SNAP SHOT:-

It was a rangebound and volatile week for the Indian market which traded in no particular direction though the bias, as per experts, remain positive. Global uncertainties weighed heavily on the Indian market leading to cautious trade. Banks this week posted the highest level since April 19 though FMCG and oil & gas sectors came under some pressure. This week's performance was average and the numbers are: Sensex up 0.4% and Nifty up 0.7%. CNX Midcap index was up 2.3%, BSE Smallcap index up 4.9% over the week. BSE Metal index was up 2.8%, BSE FMCG index down 2.1%, BSE Bankex up 3%, BSE IT index down 1.2% and BSE Auto index up 1%.

LAST DAY SNAP SHOT:-

The Indian market closed the last trading day of the week on a quiet note after a day of choppy and flat trade. Today. It was a day of consolidation for the Indian market which opened up soft and traded range bound throughout. Capital goods and commodity stocks saw unwinding pressure and IT sector, too, dragged the market down. Banks, however, lent some support. Sensex closed at 17521, down 17 points and Nifty at 5316, down 10 points from the previous close. CNX Midcap index was down 0.7% and BSE Smallcap index was down 0.2%. The market breadth was negative with advances at 574 against declines of 894 on the NSE. Top Nifty gainers were ICICI Bank, Mahindra & Mahindra and HUL while losers included Jindal Steel & Power, Sesa Goa and Maruti Suzuki.

CURRENT TECHNICAL SITUATION:-

As per daily and weekly charts nifty is in strong bullish mode. Bearish harami Candlestick pattern has formed on NIFTY daily chart on 06/07/2012. Doji candlestick pattern has formed on Nifty weekly chart.
As per RSI, NIFTY is in over bought territory with a value of 83.72 on daily chart. 
As per fast stochastic ,NIFTY is in over bought range with a value of 94.15 on daily chart.
As per slow stochastic, NIFTY is in over bought range with a value of 94.15, indicating reversal may happen any day, but still it has not given any reversal sign So don't jump here until it give any indication. 
Bullish engulfing Candlestick pattern was formed on  NIFTY daily chart on 05/07/2012 Prior to pattern formation this share is in uptrend.
NIFTY is moving  above 50,100 and, 200 days Simple Moving Average.

                           Currently situation is same as it was at the level of 5090. Same thing is happening in market as happened at 5090 level. Nifty touched two times 5288 level and bounced back and facing resistance at 5340 level. Nifty has closed above 61.8% Fibonacci  level since two days which is indicating strong position in market. If we consider  Nifty monthly Line chart we will find that Nifty has formed head and shoulder pattern on the chart and ready to go up to left shoulder level. Nifty slow stochastic, RSI, ROC, and money flow index is supporting for up move on the monthly chart and it is indicating for target of  6000. There is a another strong bullish sign that Nifty has crossed above 20 EMA (mid bollinger line) on monthly chart. There is a bullish divergence also going to happen on monthly slow stochastic charts.  But there is a strong resistance around 5422 level where 76% Fibonacci level comes also. If reversal come may happen from this level. Any two consecutive close above 5422 level market will jump to 5600 level within few session. Nifty is overbought on daily and weekly charts any close below 5290 level may slip to 5217-5180 level. For up move Nifty should not close below 5217 level on monthly closing basis.  If market comes around 5217-5180 level there would be buying opportunity in index and stock specific counter also. I highly expect that Market is going towards 6000 in next two three months. Any close below 5217 on monthly basis may terminate above bullish view.  

FIIs sold index future worth rs -329.68 and open interest decreased by -1.5%, indicating that partial long has been booked at current level.

Nifty5300 put added 66,650 fresh shares in open interest and 5300 call added 250,800 shares in open interest. Nifty 5500 call added highest 779,050 shares in open interest and Nifty 5100 put added highest 608,550 shares in open interest. Nifty fell 10 points and 5300 call fell 13.40 points with the addition of 250,800 new shares in open interest, indicating 5300 call have been written on Friday buy put prices has not been increased comparatively market fall, indicating fall is limited.

Conclusion : Be long untill Nifty is above 5290 level on closing basis. And buy again if nifty comes around 5200 level . Trend is strong.

OPEN INTEREST AND VOLUME

Open interest is the total number of options and/or futures contracts that are not closed or delivered on a particular day. Open interest is NOT the same thing as volume of options and futures trades
    TIME                   TRADING ACTIVITY                 OPEN INTEREST
Jan 1            A buy 1 option and B sell 1 option               1
Jan 2            C buy 1 option and D sell 5 option              2
Jan 3            A sell his 1 option and D buy 1 option        5
Jan 4            E buy 5 option and C sell his 5 option         5
         

• On Jan 1, A buys an option, which leaves an open interest and also creates trading volume of 1
• On Jan 2, C and D create trading volume of 5 and there are also 5 more options left open
• On Jan 3, A takes an offsetting position and therefore open interest is reduced by 1, and trading volume is 1
• On Jan 4, E simply replaces C and therefore open interest does not change, trading volume increases by 5.

Open interest, the total number of open contracts on a security, applies primarily to the futures market. It is often used to confirm trends and trend reversals for futures and options contracts.

What Open Interest Tells Us

A contract has both a buyer and a seller, so the two market players combine to make one contract. The open-interest position that is reported each day represents the increase or decrease in the number of contracts for that day, and it is shown as a positive or negative number. An increase in open interest along with an increase in price is said to confirm an upward trend. Similarly, an increase in open interest along with a decrease in price confirms a downward trend. An increase or decrease in prices while open interest remains flat or declining may indicate a possible trend reversal.

Rules of Open Interest

• If prices are rising and open interest is increasing at a rate faster than its average, this is a bullish sign. More participants are entering the market, involving additional buying, and any purchases are generally aggressive in nature
• If the open-interest numbers flatten following a rising trend in both price and open interest, take this as a warning sign of an impending top
• High open interest at market tops is a bearish signal if the price drop is sudden, since this will force many 'weak' longs to liquidate. Occasionally, such conditions set off a self-feeding, downward spiral
• An unusually high or record open interest in a bull market is a danger signal. When a rising trend of open interest begins to reverse, expect a bear trend to get underway
• A breakout from a trading range will be much stronger if open interest rises during the consolidation. This is because many traders will be caught on the wrong side of the market when the breakout finally takes place. When the price moves out of the trading range, these traders are forced to abandon their positions. It is possible to take this rule one step further and say the greater the rise in open interest during the consolidation, the greater the potential for the subsequent move
• Rising prices and a decline in open interest at a rate greater than the seasonal norm is bearish. This market condition develops because short covering and not fundamental demand is fueling the rising price trend. In these circumstances money is flowing out of the market. Consequently, when the short covering has run its course, prices will decline
• If prices are declining and the open interest rises more than the seasonal average, this indicates that new short positions are being opened. As long as this process continues it is a bearish factor, but once the shorts begin to cover it turns bullish
• A decline in both price and open interest indicates liquidation by discouraged traders with long positions. As long as this trend continues, it is a bearish sign. Once open interest stabilizes at a low level, the liquidation is over and prices are then in a position to rally again.

If prices are rising and the volume and open interest are both up, the market is decidedly strong. If the prices are rising and the volume and open interest are both down, the market is weakening. Now, if prices are declining and the volume and open interest are up, the market is weak, but when prices are declining and the volume and open interest are down, the market is gaining strength.

Volume and open interest

Used in conjunction with open interest, volume represents the total number of shares or contracts that have changed hands in a one-day trading session in the commodities or options market. The greater the amount of trading during a market session, the higher the trading volume. A new student to technical analysis can easily see that the volume represents a measure of intensity or pressure behind a price trend. The greater the volume the more we can expect the existing trend to continue rather than reverse.
Volume precedes price, which means that the loss of either upside price pressure in an uptrend or downside pressure in a downtrend will show up in the volume figures before presenting itself as a reversal in trend on the bar chart. The rules that have been set in stone for both volume and open interest are combined because of their similarity; however, having said that, there are always exceptions to the rule, and we should look at them.
PRICE                VOLUME        OPEN INTEREST         MARKET
RISING                UP                       UP                            STRONG
RISING               DOWN                 DOWN                       WEAK   
DECLINING       DOWN                 DOWN                       WEAK  
DECLINING       DOWN                 DOWN                     STRONG

So, price action increasing in an uptrend and open interest on the rise are interpreted as new money coming into the market (reflecting new buyers) and is considered bullish. Now, if the price action is rising and the open interest is on the decline, short sellers covering their positions are causing the rally. Money is therefore leaving the marketplace and is considered bearish.
If prices are in a downtrend and open interest is on the rise, chartists know that new money is coming into the market, showing aggressive new short selling. This scenario will prove out a continuation of a downtrend and a bearish condition. Lastly, if the total open interest is falling off and prices are declining, the price decline is being caused by disgruntled long position holders being forced to liquidate their positions. Technicians view this scenario as a strong position technically because the downtrend will end as all the sellers have sold their positions. The following chart therefore emerges:
Bullish- an increasing open interest in rising market
Bearish:- a declining open interest in a rising market
Bearish:- an increasing open interest in a falling market
Bullish:- a declining open interest in a falling market

MARKET OUTLOOK.

 As I have discussed earlier about the nifty level 5217. It has given closing above 5217 on monthly basis, so I don't expect that market will close now bellow this level on monthly basis rest of the year.

If market does not close below this level expect nifty touching 5900-6000-6300 level in rest of month of 2012. So every 200 points dip will be buying opportunity for the minimum target of 6000 level.

SAIL

BUY STEEL AUTHORITY OF INDIA LIMITED (SAIL) AROUND 94.00  HOLD FOR 10-15 DAYS TARGET 105.

NIFTY X-RAY REPORT FOR 06 JULY

 LAST DAY SNAP SHOT:-
The market started trading range bound through out the day but closed with moderate gains today with banking being the biggest gainer. The Sensex closed at 17539 up 76 points from its previous close, and the Nifty closed at 5327 up 25 points. The CNX Midcap index was up 0.8% while the BSE Smallcap  index gained 1.6%. The market breadth was positive with advances at 1055 against declines of 417 on the NSE.


CURRENT TECHNICAL SITUATION:-

As per Nifty daily and weekly charts it is in strong bullish mode.Bullish engulfing Candlestick pattern has formed by NIFTY today Prior to pattern formation this share was in uptrend.

Share has hit one month high on 05/07/2012
As per RSI , S&P CNX NIFTY is in over bought territory with a value of 71.43 
As per fast stochastic , S&P CNX NIFTY is in over bought range with a value of 97.82 
As per slow stochastic , S&P CNX NIFTY is in over bought range with a value of 97.82 

NIFTY is moving above 50, 100 and 200 days Simple Moving Average comfortably. On Daily Eod chart RSI and Slow stochastic indicator is showing overbought but yet not given any reversal signal.

FII bought  Index future worth rs 124 cr and nifty open interest increased by 2.0% indicating fresh long has entered into the system.

Nifty 5300 put added highest 952,300 shares in open interest. 5300 put price has decreased by 7.90 rupees and open interest increased by 952300 shares, indicating that even 5300 put have been written comfortably for the next trading session. Nifty 5400 call standing with highest open interest at 6,774,750 shares on the call side with addition of 372,000 new shares along with price increasing with 4.30 rupees, indicating clearly that 5400 calls have buying interest. These option data are supporting for bull move.

Now lets consider Fibonacci level on charts.

5630-4770=860 points

4770--- 61.8% retracement level comes at 5302 which has comfortably 
crossed by Nifty yesterday. Now 76% retracement  level comes at
 5422. All indicators and option and Fii data is indicating to touch this
 level. I have posted in my previous post a nifty 2 year charts, If we
 consider that chart we will find that Nifty has recovered almost 76% 
of its every big fall wave. Currently there are different views on 
nifty wave analysis at current level. Investors  should cautious about
 5422 level. Market may reverse from that level. If reversal does
 not come at that level expect nifty 100% recovery in this month. 

What are the signals which indicating reversal may happen from 
5422 levels?

1. On daily charts RSI and stochastic are overbought.

2. On weekly charts slow stochastic are in overbought.

3. Nifty will acheave 76% Fibonacci level.

4. One year weekly long term falling trend line is coming near 5422 
level.

These all are indicating 150-200 points reversal may come from 5422
 level into the system.

Overall trend is bullish.

Enjoy trade and trade without being aggressive, you may reach 1 lot
 to 32 lots of nifty in just 20

 months.

Good luck.

NIFTY WAVE POSSIBILITY

CLICK ON CHART FOR LARGER VIEW

NIFTY X-RAY REPORT FOR 04 JULY

 NIFTY X-RAY REPORT FOR 04 JULY
  LAST DAY SNAP SHOT:-
 Real estate, metals and banks help the market close in the green after a lackluster session which saw the indices trade flat for most part. The range for the day was a mere 40 point with infrastructure keeping the market down. Sensex closed at 17425, up 26 points and Nifty at 5287, up 9 points from the previous close. CNX Midcap index was up 0.6% and BSE small cap index was up 0.8%. The market breadth was positive with advances at 893 against declines of 560 on the NSE. Top
CURRENT TECHNICAL SITUATION :-
FII bought nifty future worth rs 416.35 and open interest increased by 2.9% indicating more longs have entered into the system.
Nifty 5400 call added fresh 510,800 shares in open interest which is highest addition in calls side.
Nifty 5300 put added fresh 479,150 shares in open interest which is highest addition in put side.
Nifty 5300 call added fresh 306,550 shares in open interest.
AS per above option data indicating that 5300 and 5400 calls have been written confidently. today total calls open interest is up by 4.2%. put open interest increased by 3.2%.Today call have written much than puts. 
There is distributed views according to option data.
As per Daily and weekly EOD charts Nifty is in overbought zone may give 100-150 points correction any days any time before going 5400 level, I expect. India vix index is at 18.56 it is almost at low indicating market may reverse any day.
Longs player be cautious at this level and can book profit around 5360 level.

NIFTY CHART ANALYSIS

 

CLICK ON CHART FOR ITS LARGER VIEW.

NIFTY X-RAY REPORT FOR 03 JULY.

 NIFTY X-RAY REPORT FOR 03 JULY.
LAST DAY SNAP SHOT:-
The markets traded range bound throughout the day and closed flat. Realty, consumer durables, capital goods and banking were the biggest gainers in today's session while FMCG and auto were the biggest losers. The Sensex closed at 17399, down 31 points from its previous close, and the Nifty closed at 5279, no change. The CNX Midcap index was up 1% while the BSE Smallcap index gained 1.1% in today's trade. The market breadth was positive with advances at 974 against declines of 481 on the NSE.
CURRENT TECHNICAL CONDITION:-
FII sold nifty future worth rs 41.97 cr and open interest increased by 1.7% indicating they have partial booked profit in nifty future.
Nifty 5400 call 5269550 shares standing with highest open interest with addition of  661350 new shares in open interest.
Nifty 5300 call added 669,300 new shares in open interest and 5300 put added 254,850 new shares in open interest. Nifty 5200 put seen highest addition 853,400 shares in open interest.
Overall total call option open interest increased by 7.6% and total put option open interest increased by 4.8%. Nifty future volume decreased by 43.5% today.
As per above data indicating that after a sharp jump market is in mood to take some rest here. As per EOD chart indicating that market is moving towards 5400 where nifty will complete 70% retresment also.  

 LETS GO FROM 1 TO 32 LOTS IN JUST 20 MONTHS.
HOW WILL IT POSSIBLE AND WHAT WILL BE INCOME ?
Only 250 points per month in nifty future may take you to 32 lots in just 20 months.
How?
Lets understand this with a table below. I have made each 4 months slab.
MONTHS-LOTS- CAPITAL- POINT/LOT- INCOME/PM
0 to 3------01--------50000-----250 x1=250 -----12500.00
4 to 7------02----- --100000 ---250 x2=500------25000.00
8 to11-----04--------200000----250 x4=1000--- -50000.00
12to 15----08--------400000---250x 8=2000----100000.00
16 to 19---16--------800000----250x16=4000----200000.00
20 to 23---32-------1600000---250x32=8000----400000.00
250 points can acheave every month easily without being hectic and aggressive. Without taking too much risk of your capital. Small investors who come into stock market by carrying a dream that they will earn money, this plan is famous among them in India. Protect your capital and earn handsome money.
This is the only plan which may take you upto 4 lac per month income in just 20 Months with investment of Rs.50000.00 only.
Do you want to wait or you want to subscribe choices is yours.

SUBSCRIBE IN NEW BATCH STARTING FROM 6 JULY 2012

NIFTY X-RAY REPORT FOR 2 JULY.

 NIFTY X- RAY REPORT FOR 02 JULY.

LAST WEEK SNAP SHOT:-
The markets closed with substantial gains last week with all sectoral indices closing positive. The Sensex was up 2.7% and Nifty also gained 2.7% over the week. The CNX Midcap index closed with 3% gain, BSE smallcap gained 2.2% while the Bank Nifty closed with 3.2% gain. The BSE Metal closed with 4% gain, BSE Oil & Gas was up 2.5% and BSE Power closed with 4.75% gain over the week. The top Nifty gainers during the week were Tata Power, Jindal Steel, ICICI Bank and Maruti Suzuki while the biggest losers included Cairn India and BPCL.
LAST DAY SNAP SHOT:-
The markets made robust gains on Friday with all sectoral indices closing in the green. Capital goods, power, metal and banking were the best performers in today's session and realty, auto, consumer durables and FMCG, too, gained significantly. The Sensex closed at 17430, up 439 points from its previous close, and the Nifty shut shop at 5279, up 130 points. The CNX Midcap index was up 2.1%.  The market breadth was positive with advances at 1093 against declines of 379 on the NSE. The top Nifty gainers were Jindal Steel, Tata Power, Sterlite Industries and BHEL while the biggest losers included Cairn India, BPCL and Coal India.  
FII bought 65277 contracts of nifty future worth Rs.1568.34 cr and open interest increased by 142.80%, indicating fresh long addition into the system.
Nifty 5200 put added 2,281,100 shares in open interest.
Nifty 5300 put added 1,148,600 shares in open interest.
Nifty 5400 put added 666,400 shares in open interest.
Nifty 5400 call added 2,098,450 shares in open interest.
Nifty 5300 call added 329,250 shares in open interest. All this option data indicating fresh long have been made into the system. 5400 call has highest open interest in call side. Indicating that nifty will face resistance at 5400 level in near term.
Market has given robust jump on friday, and no unwinding from 5300 call and it is highly overbought on hourly and half hourly charts so retesting of 5240-5250 level is also possible before going 5400 in near term.
According to option data no need to jump to much. We may see once again a range bound session till at least first half of July. range would be 5100 - 5400.
As per Nifty EOD charts market is showing strong bullishness and Nifty will touch 5415 level very soon.
As I have discussed earlier about 5217 level. Market has jumped this level on Friday which was close on  daily, weekly, and monthly basis, now suppose that if Nifty does not close below this level on monthly basis expect bull month rest of month of 2012. Under this situation 6000-6300-6500 can not be ruled out.
                                   

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.
_____________________________________________________________________________
 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

Coffee with Rajesh

  Just have a coffee with RAJESH in Ranchi [Jharkhand] this SUNDAY(1-7-2012). fix your free meeting with us.

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.
More details are reserve for our subscribers.

NIFTY X-RAY REPORT FOR 22 JUNE

 The markets moved in range bound whole days and came sudden buying in banking index help market closed  at 5165 with substantial gains yesterday along with  realty, banking, capital goods and power being the biggest gainers. Oil & gas lost substantially today and consumer durables and IT, too, closed negative. The Sensex closed at 17033, up 136 points from its previous close, and the Nifty shut shop at 5165, up 44 points. The CNX Midcap index was up 1.2%.
yesterday move was 100% trapping move. As I had written in my previous post that one more day up move was due but Up will come so fast and it will give closing above 5145-50 that was not expected.
FII bought 122.23 crores in nifty future and open interest increased by 4.73% that indicate more longs were made yesterday. Nifty 5200 call added 357900 shares in open interest and 5200 put added 1161200 shares in open interest. Still 5200  No unwinding from 5200 call level indicating that 5200 level will face resistance. Nifty gave three consecutive close above 50 DMA and 200 DMA which is strong bullish indication.
But in current situation I am much worried about that rupees depreciation is continue, IIp data is bad, intertest rate is high, there is nothing  change in last 15 days, well what market help to sustain here or go from more higher level from here.
India vix index is below 20 at 19.94. put call ratio is at 1.74. put call ratio is reaching at its extreme level which indicates that market up side is limited and may turn bearish.
As per EOD chart when you will see daily and weekly both you will find that there is no any weakness sign.
As per my trading psychology market will spend more time around this range. Closing below 5090 down move will start.
Need to be alert at current situation Trade reversal is very soon. Trade in limited quantity till Expiry. Situation is uncertain and trend is undecided.

MID SESSION OUTLOOK.

 HEAD AND SHOULDER PATTERN HAS FORMED ON 30 MIN CHARTS. TARGET INDICATING 5040-5020 IN NEAR TERM. YESTERDAY VOLUME WAS LOWEST IN LAST 27 DAYS. LOW VOLUME WITH RISE IN TREND INDICATES RALLY NOT SUSTAINABLE AT HIGHER LEVEL. CLICK ON CHART FOR ITS LARGER VIEWS.

DON'T TRADE YOURSELF

 If you have been trading since two or more than two years and earn nothing or your fund didn't growth  according to your expectation. Well I would like to suggest that don't trade yourself and keep a mentor. I will take you from 1 lot to 32 lots in just 20 months, and your income will be 4 lac( 400000) per month after 20 months.
Just subscribe today.

HOW WILL IT POSSIBLE AND WHAT WILL BE INCOME ?

Only 250 points per month in nifty future may take you to 32 lots in just 20 months.

How?

Lets understand this with a table below. I have made each 4 months slab.

MONTHS-LOTS- CAPITAL- POINT/LOT- INCOME/PM

0 to 3------01--------50000-----250 x1=250 -----12500.00
4 to 7------02----- --100000 ---250 x2=500------25000.00
8 to11-----04--------200000----250 x4=1000--- -50000.00
12to 15----08--------400000---250x 8=2000----100000.00
16 to 19---16--------800000----250x16=4000----200000.00
20 to 23---32-------1600000---250x32=8000----400000.00

As you all are seeing that we have gain 307 points till now in this month. Its not necessary that market ahead will be same but our target is to gain 1000 points in just 4 months.
Thats why this is the plan which is  becoming  famous in all over India.   
250 points can acheave every month easily without being hectic and aggressive. Without taking too much risk of your capital. Small investors who come into stock market by carrying a dream that they will earn money, this plan is famous among them in India. Protect your capital and earn handsome money.
This is the only plan which may take you upto 4 lac per month income in just 20 Months with investment of Rs.50000.00 only.
Do you want to wait or you want to subscribe choices is yours.
To subscribe read  subscription details right side on this page.
Or
write me at eyesnifty@gmail.com 

Federal Reserve "Opretion Twist"

The Federal Reserve ramped up monetary stimulus by expanding "Operation Twist", but disappointed some investors who had been hoping for more aggressive measures.
The U.S. central bank, as expected, extended its program of selling short-term securities and buying longer-dated ones, a move aimed at driving down borrowing costs, but did not signal a third round of quantitative easing. "The positive impact of a weaker yen should outweigh the disappointment about the U.S.'s economic outlook and the lack of more powerful stimulus," The Fed also slashed its forecast for U.S. economic growth, hitting commodities sensitive to expectations for industrial demand.
A Reuters poll showed Wall Street's top bond firms still see a 50 percent chance of a third bout of quantitative easing or "QE3", under which the Fed effectively creates money to fund large asset purchases, to stimulate the economy.
"Clearly, the tilt is to do more. QE3 is one of those options," said Julia Coronado, chief economist North America at BNP Paribas in New York.
The decision to hold off on QE3 for now boosted the dollar against the euro and the yen and also hit gold, which had been rising as investors betting on QE3 had bought the precious metal as a hedge against currency depreciation.

 The Indian Market nearest support is at 5113 and 5106 sustaining below this level for 30 min nifty will slide to 5073 level straight. and any close below 5020 we will see panic selling till 4978 -4920. 

NIFTY X-RAY REPORT FOR 21 JUNE

 Nifty Bounce back due to bounce in the cement sector from the lows of the day, following a subdued and rangebound session. Volumes were good and sectors that saw positive trade were autos, metals and infra. Sensex closed  at 16896, up 36 points and Nifty at 5120, up 16 points from the previous close.
FIIs bought index future worth rs.185.98 crores and open interest 0.97% indicating fresh long has made into the system. Nifty 5100 put added 845850 shares and 5100 call added 83950 shares in open interest. 5200 put added 527800 shares in open interest and 5200 call added 247500 shares in open interest. still no unwinding seen in 5200 call. market closed 16.70 points up still 5200 call are being written, but 5200 put added also huge open interest. 5300 call added 1745350 shares in open interest with highest open interest in call side at 8081750. Highest open interest shifted to 5300. Are FIIs long with hedging in 5200 call.  Today situation has been changed, the open interest has increased with trend and premium of shares has also increased, indicating clearly bull move for next day.
As per EOD charts nifty has given two continuous closing above 50 SMA indicating bull move. 50 SMA has crossed 200 SMA which form death cross on chart. Will this death cross proved as only for sign this time or it will show its power in near term.  Nifty June Put call ratio is at 1.62 and July put call ratio is at 1.66 and india vix is at 21.03. These two data is indicating that upside is limited and reversal in trend is very soon, any singal bad news terminate the upmove. As per my trading psychology one more day up move is possible. But 5150-5160 will create resistance for Nifty. Reversal is expected from that level according to Elliot wave if my count is true. Count will be invalid above 5190. Watch 5150-5160 level carefully, crossing and sustaining above this level with volume bull may take this rally up to 5190 level.  

MID SESSION OUTLOOK

 Market is almost on top level  and according to wave theory there is high probability of reversal from around 5145 level. it must would be creating doubt around this level but if reversal happen there would be best level proved for you. But it will need patience. shorting with two lots and if fall happen only 50%  I mean only 300 points downfall from here of my expected level you all will get 600 points. take risk of 50 points.
good luck.

NIFTY X- RAY REPORT FOR 20 JUNE

 Uncertain global and domestic cues weighed on investor sentiments through today's trade but the market managed to pull back from the lows of the day and close with smart gains.  Sensex closed  at 16859, up 153 points and Nifty at 5103, up 39 points from the previous close. 

Nifty 5100 put added 1067800 contracts in open interest and 5100 call added 782000 contracts in open interest. Nifty 5200 put added 172850 contracts and 5200 call added 475650 contracts. Nifty future closed at 5110 1.02% up and open interest decreased by -0.72%. Here is a big game happening to trap small investors I think. FII sold 8534 contracts in Nifty future worth rs 253.99 crores. Fii sold 253.99 and nifty future up by 1.02%, open interest decreased by 0.72% and no unwinding seen from 5100 and 5200 calls while market up today. This indicates that market will locked very soon up side. 5100 and 5200 call writers are still confident in even rising market. The open interest also increasing with trend and discount of shares also increasing with rise in trend , indicating down move very soon. Watch the previous resistance 5145 level carefully. Tomorrow during market hour if No unwinding seen from 5200 call there will be first class shorting opportunity at higher level. Market slide yesterday and FII bought, Market rise today and FII sold nifty future, Indicating that FIIs have used this rise to book profits as opportunity. Short nifty around 5140-5150 level will be good strategy if tomorrow no unwinding seen in 5200 call. India vix is at 21.43 strong support at 20 level.

I highly expect that a big storm is about to come. Investors who will keep patience for one or two days will get handsome reward. 

Bears will high jack nifty around 5150-5200.      

market watch

 Market will remain volatile for next three days or till this weekend and it will try to trap all small investors from shorts. I highly expect it will fall. Any close below 5015 we will see a straight slide up to 4900-4880.
Don't see market watch full days for some time.

MID SESSEON OUT LOOK.

 NIFTY FUTURE STRONG RESISTANCE AT 5098 LEVEL. WHICH CAN ASSUME AS STOPLOSS FOR ALL TYPE OF SHORT TIME TRADE.
BELOW 5040 TODAY WE MAY SEE MORE FALL UP TO 5115 LEVEL.

MARKET FNO REPORT 19/06/2012

MARKET FNO REPORT 19/06/2012
SHORTS BUILD UP- TOP 5

DLF, STERLITE, PNB, BANK OF BARODA, HCL TECH.

TOP 5 LONG UNWINDING:-

STATE BANK OF INDIA, ICICI BANK, RELIANCE INFRA, IDFC, HDFC BANK

TOP SHORTS COVERED:-

BAJAJ AUTO, POWER GRID

LONG BUILD UP:-
CAIRN INDIA, TATA STEEL

NIFTY X-RAY REPORT FOR 19 MAY

  As I had given you indication that market may reverse around 5200 and recommended to short Nifty around 5200 with the stop loss at 5035. It was a disappointing start to the week for the Indian market which opened gap-up but fell sharply after the RBI announced its decision to keep Repo Rate and CRR unchanged. It was disappointing start for general investors but it was a profitable start for my paid clients. Today recommended to buy July 5300 put around 180. We saw unwinding pressure with banks, real estate and auto sectors dragging the indices down. Volumes were extremely high in terms of turnover. Sensex shut shop at 16705, down 244 points and Nifty at 5064, down 74 points from the previous close.
Is that really a reversal of short term bull trend ? If yes then will market fall directly so that everybody could understand it easily. No no my dear. It will try to trap all retails investors and then it will confirm a direction. If everybody will understand that market will fall from here then the big question is who will buy here. If there will be no buyers then to whom sellers will sell.
I think market will spend some more time here and we may see a volatile week overall ahead.
Until unless nifty give close below 5115 bear market can't be confirmed. As per Nifty EOD charts formed a big bear engulfing pattern which indicates  weakness in nifty. Nifty future closed at 5058.80 -1.73% and open interest increased negatively by 1.01%. Yesterday we had seen long build up in nifty future. Today Fii bought 6616 contracts.FII have booked profit in nifty future which was made on Friday.
Nifty 5100 call added 226850 contracts in open interest and 5100 put decreased by 678300 contracts from open interest. Nifty 5000 call added 422250 contracts in open interest and Nifty 161550 contracts in open interest, Indicating that nifty may take some rest around 5110-5120 level. But up side 5095 level will resistance also.
Further conclusion with all data be positional short in nifty with stoploss at 5110. But a more day need for clear indication for next trend. But I expect that a big move is going to happen in near term. Any close below 5115 we may see big fall and this time 4780 level expected not supporting. The death cross is going to happen on chart in near term.Be alert and expected that nifty may fall heavily. 

 

 WHY THIS X -RAY REPORT IS FAMOUS
JUST SEE THE AUDIENCE OF THIS WEBSITE OF ONLY 7 DAYS  WHO READ X RAY REPORT.

INDIA                                         1700

United States                                  45

United Kingdom                             15

Russia                                            11

Germany                                        10

Philippines                                       5

Singapore                                        5

Netherlands Antilles                         2

Bangladesh                                      1

Brazil                                               1

ALERT ALERT ALERT

MINIMUM 700 POINTS RALLY IS READY TO  HAPPEN  ON CARD IN JULY SERIES. OPTION WILL BE MINIMUM TRIPLE OR MORE THAN TRIPLE.

THE CAPITAL, IN NIFTY FUTURE WILL BE ALMOST DOUBLE IN A SINGLE MONTH.

OUR PAID CLIENTS DEFINITELY WILL ENJOY THIS HONEYMOON RALLY.

IF YOU HAVE NOT SUBSCRIBE YET JUST SUBSCRIBE WITH US AND GRAB THIS BIG MARKET OPPORTUNITY "WHICH IS GOING TO HAPPEN SOON" IN YOUR POCKET OR MISS THIS OPPORTUNITY. 100% CHOICE IS YOURS.

TOP 10 TRADING TECHNIQUE

 TOP 10 TRADING TECHNIQUE

1. Always have a trading plan.
2. Avoid over trading
3. Don't get unnerved by losses.
4. Try to capture the large market moves.
5. Always keeps learning.
6. Always be alert to opportunities of making some money with less risky strategies as well.
7. Treat trading as a business and keep a positive attitude.
8. Never blame the market for your reverses.
9. Keep a cushion.
10. Understand that there is no holy grail in the market.