So you can see the magic that our sure shot level can CONTROL THE NIFTY also haha. For yesterday I wrote that : 8140 and 8232 are again the strong support and resistance for today also. Unless and until these two spots are crossed with volume for 10 minutes, it will strictly stay in these range, and you can see that NIFTY CASH strictly kept trading in the this very range only, in fact very narrow range than I mentioned, whole day it happened till end.
It went to 8181 and 8219 upside and that is it. For Monday also we wrote the same and it happened same as we advised.
We also advised to buy 8100 CALL NIFTY JAN and it also went very successful and we advised to buy book profit at 5 - 6 RS only due to no movement. We hope you all earning so well with our 100% FREE and 101% ACCURATE tips.
Anyway, for today,
NIFTY CASH : CLOSED : 8191.
Again 8170 and 8220 are super built up as support and resistance. It may keep itself withing this range only once again for today also like last 2 days. It will catch the trend once it break support or go beyond 8220. If 8170 is broken and sustained for few minutes with volume and also world markets are falling than expect one way fall to 8136 in end. If it comes closed below 8132 than expect more fall next day till 8080 also in panic time.
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.
Remember that 8136 to 8142 range is very strong for NIFTY CASH to cross down side or up side.
We will update stock related advice LIVE during the market time on this web page or on our LIVE blogs.
OTHER RELATED THINGS TO WATCH :
Today's Corporate Action
5th Jan Ex Date
ASYL Bonus issue 3:20
JSWSTEEL Stock Split From Rs.10/- to Rs.1/-
Today's Data Alert Jan 5: Nikkei services and composite PMI for December, by IHS Markit. 1030 IST.
Jan 5: Money supply as of Dec 23, by RBI.
NEWS :
Ø I-T ropes in experts to unearth black money
Ø Govt finds scientific way to combat poverty
Ø RBI turns away people wanting to exchange old notes
Ø Re hits 1-mth low on dollar buoyancy, ends at 68.33
Ø Relaxed airline FDI norms to have implications: FIA
Ø Bombay Dyeing draws strategy to revive retail biz
Ø NPCI planning to update BHIM
Ø GMR, Tatas to stay out of Navi Mumbai airport bid
Ø Infrastructure projects to get rating system soon
Ø Banks may share transaction data with money sleuths
Ø ONGC, Cairn India demand lowering of cess on crude
Ø US factory activity hits two-year high as orders surge
Ø Balrampur Chini to buy back shares worth Rs 175 cr
Ø ONGC Videsh qualifies to bid for Iran oil, gas projects
Ø CCPA recommends holding of Budget session from Jan 31
Ø Demonetisation takes a toll on new investments: CMIE
Ø MFIs exploring cashless route to loan collections
Ø Mistry files fresh affidavit as proof of Ratan Tata’s ‘meddling’
Ø Firms can now enrol staff under EPF amnesty scheme
Ø Lower coffee crop may spell trouble for exporters
Ø HDFC lowers home loan rates tracking SBI rate cut
Ø Ford cancels $1.6 billion Mexico plant after Donald Trump’s criticism
Ø Global banking regulators postpone approval of new rules
Ø RBI appoints Surekha Marandi as executive director
Ø Blue Dart: Cash crunch dashes FY17 growth hopes
Ø Everstone buys minority stake in OmniActive Health for $35 million
Ø Markets trading on a mixed note, tracking global cues
Ø Paytm gets RBI approval for payments bank
Ø HDFC December quarter profit on sale of investments slumps to Rs 3cr
Ø Supreme Court seeks list of corporates who owe in excess of R500 crore
Ø RBI asks banks to supply 40% of notes to rural areas
Ø Govt announces safety audit for 418 mines
Ø Vodafone plea against TRAI recommendation premature: Centre
Ø SC asks Centre to give details of recovery cases filed by banks
Market Cues
After a long holiday period the US markets opened on strong note on Tuesday and moved up sharply. While major indices came off from days high they closed with a positive note for the day. A positive economic data by Institute for Supply Management showed that PMI for December increased to 54.7 from 53.2%, showing strength in the economy and this could have helped the sentiment.
Most of the European markets also ended on a positive note on the back of positive economic data from UK. Further positive data points both from US and China also played a role in yesterday’s trade.
Indian markets traded in a narrow range on Tuesday. While banking stocks which had been weak in the previous trading session saw some buying interest, on the other hand oil marketing companies recovered on the news of hikes in petrol and diesel prices.
News Analysis
HDFC cuts home loan rates by upto 0.45%
Govt Raises ` 21,400cr so far in FY17 via stake sale
FIIs continue curbing liquidity in cash market segment; they sold equities worth Rs. 500 crores. While, in index futures, their overall activity was subdued in previous trading session.
On Index Options front, FIIs bought worth Rs. 1373 crores with rise in OI. We hardly saw any relevant buildup in both call and put options of Nifty. However, 8300 call and 8200 put strikes were comparatively active and added some build-up. Maximum OI in January series is placed at 8200 call and 8000 put options.
We started January series with high rollovers and we believe long formed by stronger hands during last series are still intact. In addition, we are also witnessing many heavy weight counters, especially banking space are indicating strength in near term. At current juncture, traders are suggested to trade with positive bias and should prefer stock specific approach to fetch higher returns.
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.
GOOD LUCK :)
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