Nifty Market Outlook for 17 oct. 12

Nifty on corrective path
Indian shares closed  flat to higher on Monday after recouping losses in afternoon trade following positiveEuropean cues. Nifty went closer to 5700 level with the index hitting an intraday high of 5,693.70, before closing with gains of 11.20 points at 5,687.25. The much awaited inflation came in at 7.81 percent for the September, which was slightly higher compared to 7.55 percent in August due to hike in diesel price by Rs 5 a  liter in last month. But that was largely in-line with analysts' expectations of 7.73 percent.
        Nifty is expected to face support and resistance between 5,650 and 5,750. Currently, all the technical indicators are in the profit booking phase with RSI at the level of 58. However, MACD which has crossed-over for a bearish indication. The first resistance, for the week ahead, is 5,740 followed by 5,760. In case, Nifty crosses this psychological level, it can further test 5,800 mark on upside. While the first support, for the week ahead, will be at 5,650. A fall below that level could drag Nifty near to 5,600  after hitting fresh 2012 highs, the Indian benchmark indices are expected to take a breather before determining the next direction of the market. FIIs have a huge long position in cash segment but they don’t have in proportionate long positions in stock future, indicating selling could be emerged at higher levels.

                                              3 MONTHS DAILY CHART OF NIFTY


                                            SHORT TERM OUTLOOK ON STOCKS

Stocks with short term Bullish Outlook:
STOCK                                                           S1            S2          R1             R2
HINDALCO                                                 117.9        115.7     121.4        122.7
SIEMENS                                                    687.07      676.03   705.07       712.03

Stocks with short term Bearish Outlook:
STOCK                                                          S1             S2          R1              R2
MARUTI SUZUKI                                     1320.07     1301.88  1370.37    1402.48
INFOSYS                                                   2341.6       2317.6    2400.8       436

Read More

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.

Read More