NIFTY Intraday Updates for Today 04 Dec. 2012

As suspected the Nifty had a sideways day, a day of consolidation. And as I have suggested all declines would be bought into hence they would be shallow declines. We are still on course towards 5,920 and higher towards 6,150. Trend deciding level is 5,880. If Nifty shows strength above 5,880 levels, then rally to 5,920/5,950/6,000 may be seen. If Nifty does not show strength above 5,880 levels then selling pressure till 5,840/5,800/5,750 may be seen.

The Sensex has supports at 19,250 and 19,180 and resistances at 19,410 and 19,500. The Nifty spot has supports at 5,854 and 5,820 and resistances at 5,900 and 5,950.

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NIFTY OUTLOOK - Market Updates Today 02 Nov 2012

The Nifty traded sideways at the beginning of the session and then slowly grinded higher. Nifty Future closed with a positive note at 5,676 with a white candle. Again, it closed between long trading ranges of 5,635-5,755. After breakdown from the previous range, it made a new intermediate low near 5,615. We believe, it will start trading in a new trading range of 5,600-5,725. We recommend trading with some low beta stocks and suggest BUY on dips. We expect it to take strong resistance near 5,725 and support seen at 5,630 and 5,600. For positional traders, we recommend buying on dips with strict stop loss at 5,580.

The Sensex has supports at 18,540 and 18,470 and resistances at 18,680 and 18,800. The Nifty spot has supports at 5,645 and 5,610 and resistances at 5,690 and 5,725.

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NIFTY OUTLOOK - Market Updates for Today 31 oct 2012

The Nifty opened and traded higher post the outcome of the RBI policy, it dropped a good 75 points in 45 minutes and then started to consolidate between 5,590 - 5,615. The Nifty has clearly broken down from the range it was in for many days however to initiate fresh shorts towards the end of the day would be risky as it has already fallen a lot and is close to support levels at 5,550 - 5,600. 

Nifty Future has broken down its ongoing consolidation and closed below its most crucial support level of 5,630. It closed at 5,628 with a big bearish candle pattern. This bearish reversal likely to take it towards 5,530 level so aggressive buying is not advisable at this juncture. However, we see 5,580 is a crucial level to act as a stationary support level on intraday basis. 

The Sensex has supports at 18,310 and 18,220 and resistances at 18,470 and 18,550. The Nifty spot has supports at 5,575 and 5,525 and resistances at 5,640 and 5,670.

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Todays Nifty Future and Option Tips

NIFTY Futures Tips

The NIFTY is the most liquid Futures instrument traded on the Indian Bourses. It is suitable for trading for the Retail as well as the HNI traders. This segment also includes calls on the Bank NIFTY.This is primarily an Intraday product is designed to capture Intraday swings in the NIFTY the BANK NIFTY A FREE TRIAL of two days is given so that Traders can verify the facts for themselves. 

Product contents:

• 15-20 NIFTY FUTURE Tips per calendar month are given in the NIFTY Futures or BANK NIFTY Futures.
• The NIFTY FUTURE calls are designed to capture 25-60 points intraday swings with a 20-30 point stop loss.
• The BANK NIFTY FUTURE calls are designed to capture 100-200 points intraday swings with 50-100 point stop loss.
• All levels are based on the Futures price unless specified otherwise.
• Follow up of all Live calls.
• Pre Market opening message of overnight World Market trends and SGX NIFTY updates.
• Pre Stock Market NIFTY view alongwith Support Resistance levels for the NIFTY.
• A Daily Trading Note is provided on a complementary basis.
• Complete Support On Live Chat and/or Telephone.

Follow ups:

• NIFTY FUT DEC 4592 INTRADAY LONG CALL INITIATED.
• NIFTY FUT DEC 4628 BOOK FULL PROFITS ON OUR INTRADAY LONG CALL AT 4592 LEVELS.
• BANK NIFTY DEC FUT CMP 8300 RISK AVERSE TRADERS TAKE PART PROFITS ON OUR SHORT CALL AT 8370 LEVELS. OTHERS TAKE PART PROFITS AND TRAIL TO COST FOR BFP 8250.
• BANK NIFTY DEC FUT CMP 8260 BOOK FULL PROFITS ON OUR INTRADAY SHORT CALL AT 8370 LEVELS BPP DONE AT 8300 LEVELS.

NIFTY Options Tips

NIFTY Options are the most liquid options in the Indian stock markets. The combined volumes of the various NIFTY option strikes form the major part of the traded volumes in the total volumes. This is a product for the savvy Option trader. Trading in options in a disciplined manner is one of the safest ways of trading in the volatile and wild swinging markets. Trading in Options is also cheaper compared to trading in the Futures segment in terms of the Brokerage and statutory charges. This product is designed for traders and Investors who want to profit from the directional moves the NIFTY and Bank NIFTY through simple Buying and Selling of Options.

A FREE TRIAL of two days is given so that Traders can verify the facts for themselves. 

Product contents:

• 15-25 Tips per calendar month are given in the NIFTY Options.
• The product is a combination of Positional and Intraday Tips on the NIFTY Options.
• The Tips are plain Buy or Sell Calls.
• Follow up of all Live calls.
• Pre Market opening message of overnight World Market trends and SGX NIFTY updates.
• Pre Market NIFTY view alongwith Support Resistance levels for the NIFTY.
• A Daily Trading Note is provided on a complementary basis.
• Complete Support On Live Chat and/or Telephone.

Follow ups:

• NIFTY 4800 CALL CMP 41 BOOK FULLPROFITS ON SHORT CALL AT 48 LEVELS.
• NIFTY JAN 5000 CALL CMP 72 TAKE PART PROFITS ON OUR LONG CALL AT 58.50 LEVELS TRAIL SL TO 65 FOR BFP 85.
• NIFTY JAN 5000 CALL CMP 80 BOOK FULL PROFITS ON OUR LONG CALL AT 58.50 LEVELS BPP DONE AT 72 LEVELS.

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