NIFTY X-RAY REPORT FOR 12 SEP

NIFTY X-RAY REPORT FOR 12 SEP

The markets open gap down and started recovered soon and closed 26.55 points up and market breadth was positive. Market closed today at 5390 which is 78% retrecment level from 5215. As I have been  saying you since so many days that a good great rally is awaiting in our Indian Market. Market fell 2 points below my Laxaman Rekha (5217) but soon it realized that if it will go below 5217 it will burnt and recovered sharply from that level. As I have indicated you in my earlier post that a minor correction may happen from around 5400 level. But option data say something different today.

Nifty 5300 put added 1499850 shares in open interest.

Nifty 5400 put added 1682000 shares in open interest.

Nifty 5400 call decreased by 375250 shares in open interest.

According to nifty option open interest data indicating clearly that bull will be confident to save nifty above 5400 level tomorrow. Fii bought Index future worth rs 102.69 and open interest increased by 5.1% and nifty is up by 26.55 points, indicating that fresh long position have been made by smart money. Put call ratio has raised from 0.88 to 1.01. All above data analyzed indicating towards up move further. Any closed above 5448 this time we may see a rally towards 5630 very soon. If any down move of 25-30 points happen, grab nifty future for the target of 5555.

MARKET UPDATE FOR 11 SEPT:-

MARKET UPDATE FOR 11 SEPT:-

The markets closed with little declines today and consolidated whole day 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 Small cap  index gained 0.2% in today's trade. The market breadth was positive with advances at 780 against declines of 635 on the NSE.

Nifty 5200 put standing  with highest open interest at 8348850. Nifty 5300 put added more than 12 lakh shares in open interest which is indicating that 5300 level will work as wall to give support Nifty. So friend just be confident that 5300 level is not going to break in normal condition in near term further. Those who have bought nifty they have golden opportunity to hold it with stop loss at 5300 level. Market will face resistance at 5400 level in near term. Any close above 5445 this time we will see another round of blasting rally.

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5705 coming soon

INCREASE YOUR MONTHLY INCOME UPTO 4 LAKH

INCREASE YOUR MONTHLY INCOME UPTO 4 LAKH

YOU MAY INCREASE YOUR MONTHLY INCOME UP TO 4 LAC IN JUST AFTER 20 MONTHS BY TRADING IN NIFTY FUTURE WITH RS. 50000.00 INVESTMENT.

YES, THIS IS RIGHT, TRUE AND TESTED.

If you have been trading since two or more than two years and earned nothing till now or your fund didn't growth according to your expectation. Well I would like to suggest you made a proper strategy, and don't trade yourself if you don't know how to trade otherwise you will washout your all money in few months and some time in weeks also. I have a strategy which may 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. First trade only in Nifty future. Nifty future has enough liquidity to trade. Don't think about any stock trading or option trading.
HOW WILL POSSIBLE RS. 4 LAC PER MONTH ?

Lets understand 

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 it of 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
200-250 points may gain every month easily without doing hectic and aggressive trading. Without taking too much risk of your capital. Small investors who come into stock market by carrying a dream that they will earn money, but happens just opposit according to ones expectation. This plan is famous among them in India. It is liked by thousands of people and even subscribed by hundreds of people who don't know how to trading. Protect your capital first and learn how to 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.

If you don't know how to trade and if you don't have a proper strategy find a Mentor.

A mentor could be a family member, a friend, a past or current professor, co-worker, or any individual that has a fundamental understanding of the stock market. A good mentor is willing to answer questions, provide help, recommend useful resources, and keep spirits up when the market gets tough. All successful investors of the past and present have had mentors during their early days. Having a place to ask questions and receive answers is a huge asset for any new investor. In school asking questions to a teacher/instructor/professor or leveraging online stock forums there is always someone readily available to help the cause. 

If you don,t know how to trade consider Paid Subscriptions. Paying for research and analysis can be both educational and useful. Some investors may find watching or observing market professionals to be more beneficial than trying to apply newly learned lessons themselves. There are many paid subscription sites available on indian stock market.

GOOD LUCK.

MARKET UPDATE

MARKET IS CONSOLIDATING AFTER A SHARP JUMP. THE RALLY WILL BE CONTINUE IN SHORT TERM. BE IN LONGS WITH STOP LOSS AT 5310 SPOT PRICE. 

NIFTY X-RAY REPORT FOR 10 SEPT

NIFTY X-RAY REPORT FOR 10 SEPT

MARKET GAVE A ROBUST PUNCH ON FRIDAY. NOW BAT IS IN BULL'S HAND AND BEAR WILL HAVE TO WAIT TO BAT UNTIL NIFTY BREAK  5217 LEVEL, TILL THAN BEAR WILL DO FIELDING. POSITIVE GLOBAL CLUE WILL DO BLASTING BATTING FOR BULL AND EXPECTED, IT WILL MAKE 2 MORE CENTURY. S&P AND NASDAQ IS AROUND MULTI YEAR HIGH  SO IT  IS HIGHLY EXPECTED THAT OUR INDIAN MARKET WILL ALSO TRY TO SAVE ITS IMAGE AND EXPECTED THAT IT WILL KISS AT LEAST 5630.
FII DERIVATIVES STATISTICS OF 07-Sep-2012
FII BOUGHT INDEX FUTURE WORTH RS 651.86
FII BOUGHT INDEX OPTION WORTH RS. 1969.06
FII BOUGHT STOCK FUTURE WORTH RS. 675.03
FII BOUGHT STOCK OPTION WORTH RS. 1.82
FII BOUGHT IN CASH MARKET WORTH RS.550.0 CR
ALL THIS ABOVE DATA INDICATES THAT FII IS IN FULL MOOD TO LIFT NIFTY UP. FII BOUGHT INDEX AND INDEX OPTION AFTER TWO WEEKS. NIFTY 5300 PUT OPEN INTEREST ADDED HUGE 18 LAKH SHARES IN OPEN INTEREST AND 5300 CALL DECREASED MORE THAN 14 LAKH SHARES FROM OPEN INTEREST, INDICATING THAT 5300 LEVEL IS STRONG BASE FOR NIFTY NOW IN NEAR TERM.
NOW LETS ANALYSIS THE DAILY CHART WHICH IS GIVEN BELOW. NIFTY TOOK SUPPORT RIGHT AT INCREASING TREND LINE WHICH IS COMING FROM 4770 AND LOWER BOLINGER BAND. NIFTY TOOK SUPPORT NEAR 50 % RETRACEMENT LEVEL AND IT JUMPED AND OPENED STRAIGHT AT 61.8% LEVEL AND CLOSED ABOVE THIS LEVEL WHICH IS VERY BULLISH SIGN NOW THERE IS A RESISTANCE ON THE WAY AROUND 78% LEVEL WHICH IS AT 5448 BUT 40-50 POINTS CORRECTION ON INTRADAY DAY BASED MAY HAPPEN FROM 5400 LEVEL. ANY CLOSING ABOVE 5448 THIS TIME NIFTY WILL TRY TO KISS ITS 52 WEEK HIGH WHICH IS AROUND 5630. BULLS MAY KEEP STOPLOSS NOW AT 5305 LEVEL. BEARS SHOULD WAIT TILL 5217 LEVEL TO DO FRESH SHORT. THOSE WHO HAVE MISSED RALLY CAN INITIATE FRESH BUY IF THEY GET OPPORTUNITY AROUND 5320-30.

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.

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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.

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.

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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

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