NIFTY Updates for Today 14 Dec. 2012

The Nifty was having another day of consolidation until sometime close to the session end we traded 30 points lower in one swift move. So far we have managed to close above 5,840 levels; Nifty Future ended on a bearish note at 5,876.45 with a big bearish Marubozu candle. For today's trade, Nifty is likely to trade in the range between 5,870 - 5,895 in the upper side and 5,830 - 5,810 in the lower side.

The Sensex has supports at 19,090 and 18,970 and resistances at 19,310and 19,420. The Nifty spot has supports at 5,835 and 5,800 and resistances at 5,885 and 5,910.

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NIFTY Updates for Today 13 Dec. 2012

The Nifty had another day of consolidation and we still are trading above 5,840 level until which we should have a positive bias, and hence I suggest holding long position to those who have created longs at lower levels as we are on course towards 6,000 and more. For today's trade, Nifty is likely to trade in the range between 5,920 - 5,945 in the upper side and 5,870 - 5,850 in the lower side.

The Sensex has supports at 19,280 and 19,190 and resistances at 19,480 and 19,610. The Nifty spot has supports at 5,865 and 5,830 and resistances at 5,925 and 5,965.

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NIFTY Updates for Today 12 Dec. 2012

The Nifty opened and traded to the highest point of the day in the first hour of trading. We still trade above 5,840 level until which we should have a positive bias, and hence I suggest holding long position to those who have created longs at lower levels as we are on course towards 6,000 and more. Nifty Future ended on a bearish note after 2-3 days consecutive indecisive closing, it closed at 5,928.40 with a big spinning top candle. We raised concern in our last report and the same thing happened.

For today's trade, Nifty is likely to trade in the range between 5,920 -5,945 in the upper side and 5,870 -5,850 in the lower side.

The Sensex has supports at 19,280 and 19,190 and resistances at 19,510 and 19,620. The Nifty spot has supports at 5,865 and 5,839 and resistances at 5,935 and 5,965.

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Nifty Alert - Intraday Nifty Updates Today 10 Dec. 2012

The Nifty index moved up last week and moved to 5,944.90 points from a low of 5,629.75 in the previous week. It marked a high of 5,984.65 which is an all time high of the current year. Nifty is likely to face resistance at higher level. It is now taking resistance at 6,000 and 6,070. Once it manage to trade and sustain above the level of 6,000 a further upward movement would be seen and it may test the level of 6,140. On the downside, 5,860 would act as a strong support level for the markets. A breach of this level would increase pessimism and Nifty may face more selling pressure and it may test the level of 5,745.

The Sensex has supports at 19,350 and 19,190 and resistances at 19,530 and 19,650. The Nifty spot has supports at 5,888 and 5,840 and resistances at 5,950 and 5,975.

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Nifty News and Tips for 9th nov. 2012

Nifty trading in a tight range of 5,700-5,800 levels now. So, he suggested selling out of the money options.That would leave one with a lot of money because we have couple of holidays in the next weekend; premiums will dwindle down really very fast in one's favour if one is on the right side, he elaborated.
Further added that there are no key indications which justify shorting the market at the moment.For past four trading sessions, FIIs have become marginal sellers. Those numbers are pretty small, ranging from Rs 100 crore to almost Rs 300 crore. But, if one closely monitors the open interest, it has just started declining; this indicates that they are unwinding their long positions. But, we have not seen big time shorts coming up into the markets. So, there are no signals, which makes one think that do we really need to go short on the market at the moment.

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Nifty Market Chart & Update For 10 Oct 12

                                                           MARKET OUTLOOK                                                        

On daily chart Nifty exhibiting “descending triangle” which is bearish breakout pattern if lower trend line breaks.  Price is now near to lower trend line, and moving  within triangle. Nifty next resistance seems at 5,760 while support at 5,650 if nifty breaches 5,760 then we could see rally up to 5,800 on the flip side if the level of 5,650 breaches decisively then we could see fall up to strong support of 5,600.

                 Further most of the technical momentum indicators are currently suggesting downside. Stochastic is currently moving in overbought zone, on the brink of entering into negative territory indicating profit booking. RSI is reversing back after touching overbought zone and indicating more correction is due in near term. MACD is crossing 9 day EMA from the above and showing negative divergence, also indicating Nifty is in profit booking zone.

               It was largely a volatile session for the market on Tuesday. In fact, Nifty touched an intraday low of 5,677.90, before closing with gains of 28.60 points at 5,704.60. But the bouts of profit booking due to Euro zone concerns and worries over fiscal deficit sent the index, in the second half of trade, closer to previous day’s closing value.

                                                     3 MONTHS DAILY CHART OF NIFTY

                                                SHORT TERM OUTLOOK ON STOCKS

Stocks with short term Bullish Outlook:

STOCK                                                      S1                   S2               R1                    R2

ULTRATECH CEMENT                        2019.47          1982.58       2078.57            2100.78

LARSEN                                                 1614.17           1595.53      1646.47             1660.13

Stocks with short term Bearish Outlook:

STOCK                                                     S1                     S2               R1                    R2

GAIL                                                        375.47             369.88         390.22             399.38

BHARTI AIRTEL                                     262.12             258.93         270.62             275.93

                                                               NEWS TO WATCH

1. Infosys September-quarter profit seen up 24.9%

2. Quarter-2 production of Cairn India up 22% YoY

3. NMDC cuts iron-ore price by 2-11% for October; will set prices every month.

4. IMF cuts India growth forecast to 4.9% from 6.2%

5. Bad days ahead for DLF, downward trending for two days.

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Nifty is likely to move within 5,600 to 5,700 level. : Upadte for 28th sept.

MARKET OUTLOOK

Nifty is expected to move within a range as suggested by its technical indicators. Resistance for Nifty now seems at 5,720-5,740 while support stands at 5,540-5,560. On upside if level of 5,720 breaches decisively then we could see rise up to the mark of 5,800, on the lower side if level of 5,540 is breaches then Nifty could retrace up to support of 5,500 mark. Technical indicators like MACD, RSI are also supporting its uptrend move. MACD is showing positive divergence, crossing its signal line (9 Days exponential moving average) from the below. RSI is at 68 level on the verge of showing negative crossover, which indicates positive bias may expect in the market.

      On the derivatives front the Nifty Futures prices inclined along with incline in the open interest with incline in cost of carry indicating long position initiated at the lower level. For the coming days, 5,640-5,650 level would act as the strong support for Nifty. There was significant short accumulation was witnessed in ATM Put option. Most of the open interest accretion witnessed in the 5,700 put. On the flip side squaring off was seen between 5,700 and 5,800 strike Call Option which suggests a range of 5,650-5,750 for September expiry.

SHORT TERM OUTLOOK ON STOCKS


Stocks with short term Bullish Outlook:
STOCK                                              S1             S2                  R1                 R2
HCL TECH                                      569.43       555.42           593.18           602.92
LARSEN                                         1575.05     1551.95         1612.7          1627.25

Stocks with short term Bearish Outlook:
STOCK                                             S1             S2                   R1                 R2
SAIL                                              84.13          82.62              88.03             90.42
SESA GOA                                  166.5          163.25            175.2             180.65


NEWS TO WATCH


1. General Motors to hike prices form 1stOctober
2. United Spirits up 9%, at 20-month high on stake sale hope
3. FinMin, RBI officials to meet today on H2 borrowings
4. Cement shares extend Wednesday's gains on hopes of rising demand

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Stock Market Trend for Today

Today Stock market trend: Nifty Future and Option Tips

Today early Morning Nifty fall in 20 point and recover it slowly now 5350.55, may hope it will become and provide good rally for investor so that is time to invest  on market ,because  Germany's constiutional court will approve of ESM then  global effect of market automatically and for the economical growth. Indian government may take few decision so the all of effect on market , we hope market will go upwards 5450 end of this month, so that is best time to invest in nifty future , that will provide you more return in the market.

Leading stocks for Today:
Cipla, Bajaj corporation Limited, alembic Pharmaceutical Limited  is more gainer you can trade on it

Calls for today you can watch and trade:

OPTION CALL : BUY SESA GOA 170 PUT ABOVE 12 TARGET 13,14,15 STOPLOSS 10.
CALL BUY TIMKEN INDIA ABOVE 200 TARGETS 202 , 204 , 207 STOPLOSS 196.

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