Nifty Technical Outlook Today

Indian equities ended on a buoyant note with Sensex rising above 17,100 and Nifty nearing 5,200 mark. This rally was led by strong global cues and intense buying spree seen in power, realty and capital goods.At the close, the benchmark 30-share index, BSE Sensex added 304.49 points or 1.81% at 7,143.68 with 27 components posting rise. Meanwhile, the broad based NSE Nifty climbed by 99.95 points or 1.96% at 5,199.80 with 46 components registering rise

Nifty Technical Outlook for the day Nifty with a gap up opening surpassed the resistance of 5160, and managed to close decisively above it at 5199 levels. The big white candle near the resistance line on the daily chart is an optimistic sign. However, if Nifty trade above the 5210 then we may see it tests the level of 5260 to 5320.  There is an immediate support at 5180-5160 levels on the downside.

Nifty Levels:

Resistance Level-5260/5320
Support Level-5170/5110

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Stock Overview : Nifty Levels - 30th July 2012

Next week,  global cues and RBI action will hold the key for our stock market’s direction. Across the world, quarterly earnings  are the trend setter for the respective indices. In domestic market too, earning of the corporate  will play major shot.

On 31st , RBI  will  undertake  its credit  policy  review,    any rate cut will be crucial to impart some growth of our economy. Monsoon recovery in addition to inflation numbers may add some turn in the domestic story. Nifty  rollovers  to  August  series  were  recorded  at  70.06% vs. the 3Months’  average of 66.35%. Market wide rollover was at 83.86% in line with the 3M average of 82.53%. The Nifty August series has starting with futures OI of 2.05 crore shares, which is considerably higher than the last series and maximum in the last four months.

Moreover, index futures have closed at 38 points premium, suggesting long positions have been rolled into August. The US Federal Reserve and the European Central Bank both meet next week amid investor expectations of actions to stimulate economic growth and, in the case of the ECB, tackle the spreading euro zone debt crisis. Quantitative easing, or QE1 and QE2, in recent years strongly boosted stocks. Any such announcement will be viewed as positive by global markets.

Sectorally, realty, financials and capital goods stocks observed high rollover of positions while automobile, oil & gas and technology stocks observed relatively low rolls into the August series. Next week, Automobile and cement stocks will be in focus as the companies from these two sectors start unveiling their monthly sales volume data or July 2012 from Wednesday.

Index heavyweights like Idea, BHEL and Sesa Goa saw relatively high rollover of positions into the August series while Maruti, Hero MotoCorp and Reliance Infra witnessed low rolls. This will be crucial while deciding these stocks move. The important results to be announced next week include Bank of Baroda, GAIL (India), JP Associates and Cipla.



Nifty Levels for today:

Resistance Level Nifty- 5170/5225
Support Level Nifty-5070/4980

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Nifty Levels & Today's stock Market Recommendations

Indian market ended sharply lower on Thursday amid F&O expiry and weak cues from European peers. Realty plunged the most followed by capital goods and PSU. At the close, the benchmark 30-share index, BSE Sensex declined 206.23 points or 1.22% at 16,639.82 with 22 components registering drop. Meanwhile, the broad based NSE Nifty went down by 66.60 points or 1.30% at 5,043 with 40 components registering drop.

 Nifty Technical Outlook :-

Nifty with a gap  down opening surpassed the support of 5110, and managed to close decisively above it at 5043 levels. However, if Nifty trade above the yesterdays high of 5130 then we may see it tests the level of 5180 to 5240.  There is an immediate nifty support at 5040-5060 levels on the downside. 

Nifty levels
R-5110/5175
S-4970/4915

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Intraday Stock Tips : 26th July 2012

Sell HCL Technologies Ltd below 513.00, target 506.00 for Intraday
Buy Reliance Power Ltd below 92.80, target 98.00 for Intraday
Sell Hindustan Petroleum Corporation Ltd below 337.50, target 333.50 for Intraday
Sell JSW Steel Ltd above 664.80, target 650.00 for Intraday

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Intraday stock Tips: 25th July 2012

Intraday Stock Tips for today's Market 

Sell UCO Bank

Intraday Target 68   

Stop Loss 74.7

BUY IRB Infrastructure Developers Ltd.

Short Term Target 130   

Stop Loss 110

SELL Bharti Airtel Ltd.

Intraday Target 292   

Stop Loss 302

BUY Tata Steel Ltd.

Short Term Target 415   

Stop Loss 387

SELL Lanco Infratech Ltd.

Intraday Target 12.5   

Stop Loss 14.2

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Stock Market Strategy, Nifty Levels, Intraday stock Tips

Stock Market Overview:

Next week, stock market may witness higher volatility mainly on account of the f&o expiry of the july series. A weak than expected level of reliance industries too may evoke cautious feeling. Across the world, quarterly earnings  are the trend setter for the respective indices. In domestic market too, earning of the corporate  will play major shot, yet international cues,  particularly  euro-zone  updates  will    have  a  major bearing in our stock market. 

The news that the heavily indebted region of valencia asked madrid for financial aid interrupted a period of relative calm for wall street and raised the specter that the euro zone's fourth-largest economy may itself need to be rescued. The euro-zone nations have sealed a deal for rescue loans up to $122 bn to spain's banks amid speculation that spanish government  may also seek a bailout. These developments will provide direction to the international equity bourses. Apple's results, due tuesday,  may counter investor worries over the euro zone crisis. Tech results in us also will be closely watched for signs of weak demand overseas, particularly from europe.

Other technology companies expected to report next week include texas instruments and amazon.com. Of the s&p sectors, technology has the highest sales exposure to europe at about 25 percent. Among the other 138 s&p 500 companies reporting earnings are ford motor co, united parcel service and whirlpool corp.  A gauge of european banks dropped 3.7 percent and spain's equity benchmark fell 5.8 percent, its largest daily percentage drop in more than two years.

Spanish benchmark bond yields hit euro-era highs as the yield on the 10-year bond reached 7.3 percent.  These too may spread selling sentiments among the buyers. Next week, important companies like l&t, dabur, hul, ashok leyland, lic housing, sesa goa are going to announce their quarterly results. Any positive announcement will support buying in our market.

Nifty levels for Today's Market

Resistance Level-5270/5325
Support Level-5170 /5045

Intraday Stock Cash Call:

Cash :- buy kpit cummins above 123.50 tgt – 129 &  136 sl- 118

Stock Future Call:

 buy optocurcui above 162.70 tgt – 170 & 178 sl- 156  lot – 1000

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Intraday stock Tips

Sell Crompton Greaves Ltd above 127.50, target 124.00 for Intraday
Buy Jindal Saw Ltd above 127.20, target 132.00 for Intraday
Sell Power Finance Corporation Ltd below 176.75, target 170.00 for Intraday
Buy Pantaloon Retail (India) Ltd below 186.00, target 190.00 for Intraday

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Stock Tips

On day two nifty again was not able to hold the gain but good for nifty is that it still holding 5170 strongly. There is negative Divergence in stochastic which  shows there is expected fall in next few trading session of market. Technically nifty could take support of 5170 and if it trade below that level than 5120,5062,4981  

Nifty Technical for the day
There is an Immediate Resistance at 5,260 & 5,280 levels on the upside, expect selling pressure to continue at higher levels unless index manages to sustain and close above it. The breaks of crucial support of 5,170 .

Nifty levels :-
R-5270/5325
S-5170/5117







Stock Tips:

SHORT NIFTY @ 5230 WITH STOP-LOSS OF 5270 TARGET – 5170 & 5117 HOLD FOR 1-2 DAYS
BUY BAJAJ-AUTO 1500 CALL OPTION @ 8 AND BAJAJ-AUTO 1400 PUT OPTION @ 10 TOTAL COST – 18 (4500) TARGET – 36 & 55 SL- 6 HOLD FOR 2-3 DAYS
SHORT LUPIN FUT. @ 581 WITH STOP-LOSS OF 590 TARGET OF 565 & 540 

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Nifty Technical Overview

 Market Overview

Indian equities ended on a lower note due to selling spree seen in IT, metal and realty stocks. June WPI inflation number eased to 7.25% much lower than expected.  At the close, the benchmark 30-share index, BSE Sensex lost 110.39 points or 0.64% at 17,103.31 with 20 components registering drop. Meanwhile, the broad based NSE Nifty went down by 30 points or 0.57% at 5,197.25 with 34 components posting drop

Nifty Technical for the day

There is an Immediate Resistance at 5,260 & 5,280 levels on the upside, expect selling pressure to continue at higher levels unless index manages to sustain and close above it. The breaks of crucial support of 5,190 levels expect declines to 5,160 & 5,140 levels in the near term.

Nifty levels :-
R-5270/5325
S-5170/5115
 
Intraday Call

BUY TATACOFFEE ABOVE 951 TGT 990 STOP-LOSS OF 937

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Stock Option Call Today

STOCK OPTION STRATEGIES

BUY AXISBANK 1080 CE @ 14 AND AXISBANK 1020 PE @ 16 TOTAL COST :-7500 TGT-11700 & 15600 SL- 5500

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NIFTY FOR THE WEEK : Market Overview

NIFTY FOR THE WEEK

Listing unassuming profits in the first meeting, today Nifty displayed a contradictory meeting and regardless of paring up most of its day finally shut smaller. Level wise, concluding above the threshold 5220 & 17100 on Sensex, grades is most searched after to convey affirmative sentiments in our market. Despite concluding the last two sessions on a negative note, Nifty shut above its 9, 14, 50, 100 and 200 day’s SMA placed at 4916, 4991, 5195, 5172 and 5085. VIX, the barometer of doubt, rushed a little and shut at 23.92 levels, therefore it shows higher than optimum instability in the forthcoming meetings. RSI (14) for the meeting was at 33.88 levels and MACD closed underneath the pointer line.

DCB (PICK OF THE WEEK )

Last trading session for DCB was with volume after 10 months on same date . But apart from  that DCB is at place for long term  breakout of trend line which around 2 year old. If any time DCB trade above 48.65 with volume 52.30 & 59.20 would be near term target for DCB. One may buy DCB above 48.70 for above target. And may take stop-loss of 46.80 

ABAN(PICK OF THE WEEK )

After rally from the level of 303 ABAN finally break its resistance of 424.30 and closes well above @ 428 this trade was with volume . some where all stop-loss of short trader were triggered now the short will started coving their position in ABAN and this may take price to high of 462 & 504. But before buying this stock wait for the level of 432 to cross with positive volume and for being save put stop-loss  of 402

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Option Trading Tips

BUY INFY 2550 CE @ 71 & BUY INFY 2450 PE OPTION @ 81 TOTAL COST -152 . TGT-215 & 295 . STOP-LOSS -95 HOLD 2-3 DAY .

BUY TCS 1300 CE @ 35 AND BUY TCS 1200 PE @ 20 COST -55 (13750). TGT OF 82 & 105 . STOP-LOSS 29 HOLD TILL FRIDAYS .

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