11 JAN 2017 WEDNESDAY
09.00 AM
For yesterday I advised that : If 8252 is crossed and sustained than expect 8292 followed by 8332 in hours only..
And you can check the HIGH THAT NIFTY CASH MADE, its exactly and perfectly there only, it is 8294 :)) AND ALSO CLOSED THERE ONLY HA HA.
And I also mentioned that : especially till it succeeds to cross 8260 to 8264 level. If it does so, than it will feel some relief ONLY AFTER THAT and will be able to go up. And you can see that by opening only it crossed these levels and felt FREE TO FLY :))
I also advised on my LIVE BLOG to BUY NIFTY JAN SERIES 8200 CALL AT 139 AND 136 ALSO, AND IT WENT ABOVE 144 ONE WAY NON STOP FLY.
I also have advised invesmental stocks like PNB, SBI and J&KBANK as well and they were accumulated hugely and they will also achieve all my targets like they did last 2 times also, along with my TATAPOWER and BHEL too.
I HOPE YOU ALL EARNED SO WELL WITH MY 100% FREE AND 101% ACCURATE STOCK MARKET TIPS AND ADVISE LIVE ON MY WEBSITE AND OUR LIVE BLOG.
Anyway, for today..
NIFTY CLOSED : 8288.60
8264 (weekly level)to 8248 (on daily level) range is built up very first and very important supports as of now followed by more stronger than these are 8192 and 8142. If it will cross 8308 - 8312 level today with good volume for few minutes ( avoid first 15 minutes ) than expect one way new recent high of 8332. It will take halt there as this is another strong level to cross for, but if it with cross this too with some magic than expect one way rally till anthwere like 8362 and that is it for today.
it has made good base at 8160 now. There is nothing to worry for at least today till this is broken. But remember there are many supports over and above this like for example 8264 which are protecting NIFTY in advance only.
If I will see any fall or sharp rise from charts during makret hours, I wil immediately advice on MY LIVE BLOG to take action by MY DAILY JACKPOT CALL PUT OPTION STRATEGY and will send you all home with lot of money and that is the promise from INDIARIGHTNOW.COM :)
For stock specific advise I will update here on this page very soon.
OR
You can also keep eye on
To get my 100% FREE and 101% ACCURATE tips on time.'
GOOD LUCK :)
OTHER IMPORTANT DATA :
TIPS: Market Update:
Sgx Nifty +27 pts
Dow -31.85 pts ,Nsdq +20.00 pts , S&P -0.00 pts , Bovespa +431 pts , Ftse +37 pts , Dax +19 pts , Cac +0.66 pts , Nikkei +59 , Crude @ $50.91 brl (+0.09), Brent @ $53.64 brl (-1.30) , Gold @ $1186.90 (+1.40), Silver @ $16.83 (-0.01), Euro @ $1.0553, JPY @ $115.8500, INR @ $68.1825
Today's Corporate Action
11th Jan Ex Date
None
Today's Key Result
11th Jan
Mpil Corp, South India Bank
Srcs-Est Cogencis
NEWS :
Ø World Bank pares India’s growth forecast to 7%
Ø 'Govt may stick to 3.5% fiscal deficit target for FY17'
Ø Rs 3-4L cr 'black money' deposited during note ban
Ø RIL invested Rs 1.25L cr in Guj in last 4 yrs: Mukesh
Ø RBI data deals a deadly blow to Modi's cashless dream
Ø Gautam Adani promises to invest Rs 49K cr in Gujarat
Ø Trai allowing Reliance Jio to break rules: Airtel
Ø Budget may give big push to infra spending
Ø Demonetisation 'atrociously planned and executed': NYT
Ø SC raps Sebi for dragging its feet in Satyam auditor case
Ø PSBs need equity worth Rs 1.7 lakh cr by March 2019: Study
Ø 3M India eyes defence foray in the country
Ø ABB wins $640 million grid contract from Power Grid Corp
Ø Over 150 mining leases to lapse today
Business Line
Mint
Ø Reforms, policy effectiveness to decide India’s rating: Moody’s
Ø JSW Cement to buy Shiva Cement; open offer likely
Ø ‘India needs to incentivise early commissioning of projects’
Ø TRAI perpetuating illegality by RJio, Airtel tells Tribunal
Ø Govt to raise Rs. 6,000 cr via CPSE ETF follow-on offer
Ø Oil India to turn ex-date for 1:2 bonus
Ø Auto sales feel demonetisation jitters, plunge to 16-year-low in December
Ø Bain Capital joins KKR, TPG in race for Fortis Health stake
Ø RBI says demonetisation was proposed by Modi government
Ø Demonetisation impact: Housing sales down 44% in October-December 2016
Ø Modi govt achieves only 19% of 12,000-MW solar power target in 2016-17
Financial Express
Financial Chronicle
Ø Volkswagen says has draft $4.3 bn deal to settle US criminal charges
Ø Implementation of Indo-Japan free trade agreement needs to be expedited: Nirmala Sitharaman
Ø Supreme Court to hear plea filed by banks’ against Vijay Mallya today
Ø Note ban gains 'highly uncertain', says Fitch
Ø Note ban: SBI chief says situation will normalise by Feb-end
Ø NPA pains to spill over into next FY
Ø Strong MF inflows in December kept equity market stable
Ø Srei Sahaj looking for PE investors to dilute stake
Ø Govt to fast track green nod for infra projects
Ø PSUs eye EPFO funds
Market Cues
Indian markets are likely to open flat with a positive bias tracking SGX Nifty and Asian markets.
US markets turned in another relatively lackluster performance during trading on Tuesday before eventually ending the day mixed. The choppy trading on Wall Street came as traders seemed reluctant to make significant moves amid uncertainty about the near-term outlook for the markets. The lackluster performance also came amid a relatively quiet day on the U.S. economic front, with traders looking ahead to reports on producer prices and retail sales due on Friday.
The European markets endured a choppy trading session Tuesday and ended the day with mixed results. The markets fluctuated between small gains and losses of the course of the trading session. Bank stocks were under pressure due to renewed concerns over the Italian banking system. Meanwhile, mining stocks surged due to rising copper prices.
Indian markets rose notably on Tuesday even as global cues remained muted in the wake of a sharp overnight drop in oil prices and concerns surrounding Brexit and the pace of rate hikes in the U.S.
Sensex (27900) / Nifty (8289)
Our benchmark index opened higher taking positive cues from most of the Emerging Markets as the US Dollar index slipped below the 102 mark. Subsequently, we saw consolidation happening in a narrow range post the initial hour of trading. However, the index managed to pick some buying momentum in the concluding hour to close tad below the 8300 mark.
The Nifty once again failed to surpass the stiff hurdle of 8300, however, yesterday’s price action was quite encouraging as the index managed to close at the highest point of the day along with some strong momentum in the closing trades. We can now observe rising ‘5 EMA’ along with the ‘RSI-Smoothened’ oscillator on daily chart which has been moving northwards of late. We continue with our optimistic view on the market and expect a breakout beyond the immediate resistance of 8306.85. As a result, the Nifty would then extend this rally towards 8400 – 8450 levels. On the other hand, 8261 – 8223 are likely to provide a decent support for the benchmark index. Traders are advised to keep focusing on individual stocks with a positive bias which are likely to provide potential trading opportunities.
Key Levels
Support 1 – 8261 Support 2 – 8223
Resistance 1 – 8307 Resistance 2 – 8400
Nifty Bank Outlook - (18410)
Post the gap up opening, the Nifty Bank index has corrected in initial hour of trade and then moved in a narrow range for most part of the session. However, due to some upward momentum towards the fag end, the banking index ended the session with gains of two third of a percent over its previous close.
On expected lines, the banking index continued to make higher highs from last few sessions and moving towards the expected target of 18600, which is ’89 EMA’ on daily chart. Since, there is no sign of reversals seen on chart, we continue to maintain our bullish stance on the banking index and thus advise traders to hold on to the long positions for above mentioned level. The intraday supports for the Nifty Bank index are placed around 18275 and 18155 whereas resistances are seen around 18473 and 18600.
Key Levels
Support 1 – 18275 Support 2 – 18155
Resistance 1 – 18473 Resistance 2 – 18600
Comments
The Nifty futures open interest has increased by 0.10% BankNifty futures open interest has increased by 4.00% as market closed at 8288.60 levels.
The Nifty January future closed with a premium of 5.25 points against the premium of 13.85 points in last trading session. The February series closed at a premium of 30.25 points.
The Implied Volatility of at the money options has decreased from 13.03% to 12.38%. At the same time, the PCR-OI of Nifty has remained unchanged at 1.11 levels.
The total OI of the market is Rs. 2,53,518/- cr. and the stock futures OI is Rs. 73,672/- cr.
Few of the liquid counters where we have seen high cost of carry are RCOM, RPOWER, TV18BRDCST, DISHTV and JSWSTEEL.
Views
FIIs activity in cash market segment was subdued. While, in index futures, they sold worth Rs. 204 crores with fall in open interest, indicating long unwinding took place in previous session.
In Index options segment, FIIs were net sellers worth Rs. 119 crores with some rise in open interest. In both call and put options, except for some build-up in 8400 call and 8300 put; we hardly witnessed any meaningful activity in other strikes. Highest OI in current series is placed at 8400 call and 8000 put option.
Despite the marginal selling in last two trading sessions, we continue to maintain our bullish stance on index as longs formed in last week are still intact. At current juncture, we advise traders to hold their long positions and trade with positive bias as we may see the Nifty moving towards 8400 level in upcoming sessions.
Liquid counters that added fresh longs yesterday are MRF, ENGINERSIN, APOLLOTYRE, KSCL and BEL. While, on the flip side PETRONET, MINDTREE, IDFC, JUSTDIAL and AXISBANK added short positions.
BEL to consider sub-division of equity shares on Jan 27... Positive for BEL
Commerce Min Sources: Investigation underway against Chinese companies dumping cheap tyres in India. Ministry o decide on anti-dumping duty on Chinese tyres post investigation... Positive for Apollo Tyres We have initiated the Technical call on apollo 2 days back
Commerce Min Sources: Investigation underway against Chinese companies dumping cheap tyres in India. Ministry o decide on anti-dumping duty on Chinese tyres post investigation... Positive for Apollo Tyres
JSW Cement seals deal to buyout Odisha based Shiva Cements. ACC which holds 12% stake in Shiva Cem may also exit as part of deal.
No comments:
Post a Comment
WOULD LIKE TO KNOW YOUR COMMENTS :)