Just read what I wrote for NIFTY for yesterday, its : If 8226 is crossed and sustained with good volume for sometime than expect ONE WAY NON STOP 8278 in one hour only, if it will close above 8284 than expect same day or next day rally till 8332 also.
AND AND AND you can see that as soon as it crossed 8226, it went ONE WAY NON STOP ( As I mentioend ONE WAY NON STOP HA HA) to 8282. And my next level was 8284, which was not crossed at all, and it controlled the entire NIFTY till closing time. I HOPE YOU (PERSONALLY) ALSO WILL BELEIVE AND TAG US AS : 100% FREE AND 101% ACCURATE :)
MY DAILY JACKPOT SURE SHO OPTION TIP :
MY jackpot tip for OPTION STRATEGY today was BUY 8200 JAN NIFTY CALL AT 149.70, and I advised to square off at 160 RS HIGH, and as soon as we booked it fell to 147 and again bounced back to 160 twice and closed at 154 around or so.
I advised it during market hours on my
My all time favourite TATAPOWER also ONE WAY NON STOP went to 77, BHEL went to 128.50 once again today, PNB went to 118 again, and so on. All my tips wne on to become rocket in the sky viz. NIFTY to NIFTY CALL to TATAPOWER, BHEL to PNB and all.
I really hope you all are really enjoying and earning with my 100% FREE an 101% ACCURATE sure shot stock market tips and happy.
Anyway, for today,
NIFTY CASH : CLOSED 8283
8204 is super built up as support and very important support level for NIFTY CASH as of now, and if in any uncertain case, like world market scenarios or so, if it will break 8192 than expect free fall till 8096 and that is it. But in normal case, it won't break this I feel.
8292 is again the first and initial resistance, and it must cross this level with good volume and sustain for few minutes before it touch next target of 8332, followed by ONE WAY NON STOP target of 8384, but as I said it all depends on if and how it cross 8292 to 8296 levels.
The strategy for today is to just play on my given support and resistnace levels till it gives some clear trend. But I would advice to prefer BUY first and sell later rather than going for short selling. And once again, remember 8204 level, and you are very safe untill it trades above this level. As long as it will stay above this, it will keep becoming strong and run towards my next target.
TATAPOWER : CLOSED 76.95
I am continuously advising this golden stock to BUY since it was 55 RS, than it came to 66 and rather than advising to book profit, I advised to BUY more and more and I advised to BUY more even at 72 also for the ONE WAY NON STOP target of 84, and it touched my target and again came to 72. I again advised there for the target of 78 and it touced and went back to 74 and today again ONE WAY NON STOP wne to 77 closed at 77 only ha ha. What a story :)
Now, 74 - 75 - 76 are working as super supports for this stock and protecting it since many days and it becoming strong day by day ( unless any Tata Mistry news or any world news or policy change announced ). If anything like these happens and it may fall to 71 also than feel fortunate that you are getting it at that rate and just jump it and BUY it. Though I dont think it will break 74 but than too if anything happens in mrket, Keep watching it.
For upside, today it has opened many doors for it until it keep trading above 74 RS and now first target is 79.90 to 80 RS ONE WAY NON STOP, followed by 84 ONCE AGAIN.
PNB : CLOSED 117.85
I have been continuously advising to BUY this stock since it was 112 last week. Monday, Tuesday, Wednesday also I advised to BUY for target of 119, and it touched 118-119 for all those days as closing or made highs there.
Still 112 is built up as strong base and 117 is the first initial support to buy around. If today it will stay above 117 with good volume ( without breaking 116.50, except first 15 minutes of opening) than expect 122.25 first followed by 124 and thats it for today, and once it is closed above 123 for 1 day than expect 130 followed by 132 and 135-136 soon.
BHEL : CLOSED 128.15
I have been continuously advising to BUY this stock since it was 117 last weeK also. I advised to BUY for target of 129, and it touched 128-129 for all those days as closing or made highs there.
Still 121 is built up as strong base and 124 is the first initial support to buy around. If today it will stay above 130 (which is very crucial and strong resistance for before next move) with good volume ( without breaking 126, except first 15 minutes of opening) than expect 130 first followed by 131 WHOCH IS VERY STRONG LEVEL and that is it for today, and once it is closed above 131 for 1 day than expect 136 followed by 138 soon.
Keep eye on J&KBANK and keep it on screen, I may advise on my
anytime or here on this same page of this website for target of 65 to 68. It is closed around 61. I will tell you when exactly to BUY.
Keep watching this space, we will update more 101% accurate LIVE tips during market hours along with one sure shot F&O OPTION call also.
You can also keep eye on
To get my 100% FREE and 101% ACCURATE tips on time.
GOOD LUCK :)
OTHER VERY IMPORTANT DETAILS FOR TODAY :
Market Update:
Sgx Nifty +6 pts Dow -42.87 pts ,Nsdq +10.93 pts , S&P -1.75 pts , Bovespa +481 pts , Ftse +5 pts , Dax +0.63 pts , Cac +1 pts , Nikkei -104 pts now , Crude @ $53.81 brl (+0.05 ), Brent @ $56.89 brl (+0.43) , Gold @ $1180.90 (-0.40), Silver @ $16.62 (-0.01), Euro @ $1.0606, JPY @ $115.2700, INR @ $67.9613
Today's Corporate Action
6th Jan Ex Date
None
Today's Data Alert
Jan 6: First advance GDP estimate for 2016-17, by CSO. 1730 IST.
Budget Session's second phase likely from Mar 9 to Apr 13
Ø Trump firm cancels talks over projects in India, Brazil
Ø 85% Jio users to retain service after free offer: BofA
Ø Road, shipping sector projects to cross Rs 6 lakh cr
Ø AirAsia's alleged fraudulent transactions come under CBI lens
Ø RBI unlikely to cut key rate in February: SBI Research
Ø Note ban may slow down economy: Prez Pranab Mukherjee
Ø Govt to refund 90% of exporters claims within 7 days
Ø Govt may up farm credit target to Rs 10-12 lakh cr in FY18: PwC
Ø Sanofi sues Glenmark, Torrent over sclerosis drug
Ø Oil prices rise as Saudi Arabia discusses supply cuts Ø Sebi bans private equity funds, promoters from side deals
Ø Cash supply should normalise by February-end: SBI report
Ø ‘Tax refund to exporters under GST within seven days’
Ø IRB biggest beneficiary of Ministry’s arbitration reform
Ø Defer higher air navigation charges at airports: IATA
Ø Monsanto gains from demand rise in South America
Ø Bitcoin nears all-time high as it becomes ‘safe haven’ asset
Ø Singh brothers in talks with KKR for Fortis sale
Ø SBI to end PoS transaction fees for small merchants
Ø Cash crunch leads to biggest drop in private sector activity since October 2013
Ø SoftBank’s $100 billion fund lures more investors, on track to close by end-Jan
Ø Markets soar on favourable domestic cues, supportive global markets
Ø Apple confirms $1 billion investment in SoftBank
Ø Japan comes forward to partner India in building smart cities
Ø Take extra care to lessen suffering of poor post note ban: Pranab Mukherjee
Ø Data collection by private agencies for Aadhaar not a good idea: Supreme Court
Ø Sebi issues guidance note on evaluation of boards
Ø Bonus, ESOPs on the cards for bank staff from FY18
Ø Control regime may return to sugar sector
Ø BNP Paribas draws up big plans for Sharekhan
Ø Fiat gets cheaper by 7 - 7.3 per cent
Market Cues
Indian markets are likely to open flat with a positive bias tracking SGX Nifty and global cues. The US market started the New Year with a positive bias, but the momentum seems to be losing ground. Initially the markets lacked direction on Thursday but started trending down during the day. The US labor department will release its monthly job data today and hence traders might have avoided large positions, resulting in a subdued market.
European markets remained in a range bound trade during the day. The minutes of US fed was published after the closing of the European market yesterday and hence the European markets reacted positively initially but closed almost flattish for the day.
Indian markets rallied on Thursday and broad based buying was witnessed across sector. Opinion poll conducted by a leading media groups indicated a positive surprise and chances of BJP wining the UP elections which fuelled expectations of more reforms and markets reacted positively. Further the Union Finance Minister Mr Jiatley also expressed his confidence that both direct and indirect tax collections will surpass the budget estimates which further acted as a catalyst for market move.
Sensex (26878) / Nifty (8274)
Looking at past three days selling pressure at 8200, opening above this level was the only option left to surpass this strong hurdle and we saw this today as the Nifty convincingly opened higher. In fact the momentum was so strong, the index rallied higher to test the higher end of our given target zone 8229 - 8274. Throughout the session, we witnessed a broad participation wherein majority of the sectors (except IT) contributed in the upmove.
Nifty has now closed in the vicinity of the resistance around 8274, where the previous high (of 9th December) coincides with the ‘200 SMA’ on the daily chart. However, as the market breadth continues to be robust in favor of the advances and the ‘RSI Smoothened’ oscillator (which measures the market momentum) is indicating continuation of the positive momentum. Thus, we reiterate that the Nifty is likely to move higher towards 8376- 8400 in near term. Hence, traders are advised to continue to trade with a positive bias and trail stoploss higher on the existing longs to 8195. The intraday supports for the Nifty index are placed around 8250 and 8227; whereas intraday resistance is seen in the range of 8300 - 8325.
Key Levels
Support 1 – 8250 Support 2 – 8227
Resistance 1 – 8300 Resistance 2 – 8325
Nifty Bank Outlook - (18116)
In line with broader market, the Nifty Bank index too opened with upside gap and continued to make ‘Higher Highs Higher Lows’ throughout the session. Eventually, the banking index ended the session with gains of 1.26 percent over its previous close.
The Nifty Bank index had shown some strength in yesterday’s session on back of good rally in some private banks like Yes Bank and ICICI Bank. Despite the rally, the banking index is still moving within the range of 17600 - 18260. As we have been highlighting since last few days, the breakout from the consolidation range of 17600 - 18260 will only lead to the directional momentum in the index. At current juncture, traders are advised to trade with positive bias. The intraday supports for the Nifty Bank index are placed around 17975 and 17829; whereas, resistances are seen around 18260 and 18420.
Key Levels
Support 1 – 17975 Support 2 – 17829
Resistance 1 – 18260 Resistance 2 – 18420
Comments
The Nifty futures open interest has increased by 7.35% BankNifty futures open interest has decreased by 9.69% as market closed at 8273.80 levels.
The Nifty January future closed with a premium of 14.40 points against the premium of 13.55 points in last trading session. The February series closed at a premium of 39.15 points.
The Implied Volatility of at the money options has decreased from 13.89 % to 12.84%. At the same time, the PCR-OI of Nifty has increased from 1.08 to 1.10 levels.
The total OI of the market is Rs. 2,55,390/- cr. and the stock futures OI is Rs. 71,545/- cr.
Few of the liquid counters where we have seen high cost of carry are RCOM, IFCI, TV18BRDCST, DISHTV and PTC.
Views
Yesterday, FIIs were marginal seller in cash segment. While, in index futures, they were net buyers to the tune of Rs. 1674 crores with significant rise in open interest, indicating long build-up in previous trading session.
On Index Options front, FIIs bought worth Rs. 1541 crores with rise in OI. In call options, good amount of build-up was seen in 8400 strike; followed by decent unwinding in 8200 strike. We believe that strong hands have bought call options. On the other hand, in put options, we witnessed huge build-up in 8200 and 8300 strikes; while, unwinding was visible in 7700 - 7900 strikes. Maximum OI in January series has shifted from 8200 to 8400 call option; while in put options it remains intact at 8000 strike.
Yesterday, we witnessed decent up move in market and FIIs too actively participated in that as they formed good amount of longs in index and stock futures. The quantum of their selling in equity segment has also reduced significantly. Considering, yesterday’s activity in F&O segment, we are expecting continuation in up move which may lead Nifty touch 8400 levels in upcoming sessions. Thus, traders are advised to trade will positive bias.
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