NIFTY OUTLOOK - Market Updates for Today 31 oct 2012

The Nifty opened and traded higher post the outcome of the RBI policy, it dropped a good 75 points in 45 minutes and then started to consolidate between 5,590 - 5,615. The Nifty has clearly broken down from the range it was in for many days however to initiate fresh shorts towards the end of the day would be risky as it has already fallen a lot and is close to support levels at 5,550 - 5,600. 

Nifty Future has broken down its ongoing consolidation and closed below its most crucial support level of 5,630. It closed at 5,628 with a big bearish candle pattern. This bearish reversal likely to take it towards 5,530 level so aggressive buying is not advisable at this juncture. However, we see 5,580 is a crucial level to act as a stationary support level on intraday basis. 

The Sensex has supports at 18,310 and 18,220 and resistances at 18,470 and 18,550. The Nifty spot has supports at 5,575 and 5,525 and resistances at 5,640 and 5,670.

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Nifty News Today 29 Oct. 2012

The Nifty has immediate support placed at 5,630 - 5,620 levels and a break below 5,630 is likely to make the correction a bit deeper to levels of 5,550 - 5,540. In the last trading session of the week Nifty managed to take resistance of its 9 and 26 period moving averages, trading above its moving averages and resistance level of 5,760 may take Nifty till 5,800 marks.
           The Nifty has immediate support placed at 5,630 - 5,620 levels and a break below 5,630 is likely to make the correction a bit deeper to levels of 5,550 - 5,540. In the last trading session of the week Nifty managed to take resistance of its 9 and 26 period moving averages, trading above its moving averages and resistance level of 5,760 may take Nifty till 5,800 marks.

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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

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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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                                                         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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Stock Tips & Nifty Tips For 9th Oct

The Sensex fell by over 229 points to close at 18,708.98 and Nifty closed at Rs 5676, fall down by 70.95 points from its previous closing.

Nifty Tips For 9th Oct 2012
Support1 = 5669 Support2 = 5641 Support3 = 5588
Resistance1 = 5750  Resistance2 = 5803  Resistance3 = 5831

BankNifty Support and TheRresistance Levels
Pivot Level = 11468
Support1 = 11351 Support2 = 11284 Support3 = 11168
Resistance1 = 11534  Resistance2 = 11650  Resistance3 = 11717

Stock Tips For Today 9 Oct 12

BUY Bharti Airtel Ltd. Med Term Target 350 Stop Loss 260

SELL Reliance Capital Ltd. Short Term Target 420 Stop Loss 455

BUY Reliance Power Ltd. Intraday Target 105 Stop Loss 100

BUY Orchid Chemicals -and- Pharmaceuticals Ltd. Med Term Target 135 Stop Loss 110

BUY Raj Oil Mills Ltd. Med Term Target 10 Stop Loss 6

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Today's Nifty Future and option tips

The Indian market closed on negative side. Sensex closed at Rs 18,938 down 120 points from its previous closing and the Nifty ended at Rs 5,743.90, down 43.70 points or 0.76 percent.

Nifty Gainers were TATA MOTORS HIND UNI LT MAH & MAH ONG CORP LTD LARSEN & TOU HINDALCO IN RELIANCE SIEMENS COAL INDIA GAIL

Nifty Losers were HOUS DEV FIN H C L TECH REL INFRA WIPRO LTD SUN PHARMA TATA COM LTD LUPIN LTD inf SESA GOA LTD PUNJAB NATBK

Bearish Intraday Stocks 8 Oct 12

GRAVITA RUCHISOYA DISHTV BERGEPAINT MOTHERSUMI JSWISPAT MADRASCEM JYOTHYLAB DCHL INDIANB BIOCON MAX FDC
HEXAWARE ICSA HATHWAY 3IINFOTECH SATYAMCOMP ANDHRABANK MMTC CENTURYTEX JSWSTEEL DELTACORP RAYMOND MTNL GTL TTML     
Bullish Intraday Stocks 8 Oct 12

CROMPGREAV UNIPHOS TATAMTRDVR RECLTD SRTRANSFIN PFC TATAMOTORS LT ONGC ESCORTS DABUR HINDUNILVR JETAIRWAYS GTOFFSHORE CASTROL AMARAJABAT EDELWEISS ADANIENT

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Todays Update : Nifty is likely to correct

Indian shares snapped four-day winning streak Friday owing to profit booking. The index had gained 79 points in early trade following Cabinet’s approval to 49% FDI in insurance and pension. Meanwhile, the NSE Nifty, which plunged 899 points intraday due to freak trade by brokerage house, declined 40.65points to end at 5,746.95. The index touched a low of 4,888.20 today due to faulty order punched by adealer of Emkay Shares and Stock Brokers while the BSE Sensex fell more than 300 points. The trading was halted by the NSE between 9:50 am to 10:05 am. On upside if level of 5,800 breaches decisively then we could see rise up to mark of 5,860, on the lower side if level of 5,700 is breaches then Nifty could retrace up to its mild support of 5,620 mark first and thereafter up to its strong support of 5,600. Technical momentum indicators are currently suggesting uptrend in it. Stochastic is currently moving in overbought zone, on the brink of entering into positive territory. RSI is trading in overbought territory at 76 showing negative crossover.Another momentum technical indicator MACD is trading in positive zone, showing positive divergence,also indicating uptrend.

                                             3 MONTHS DAILY CHART OF NIFTY


                                           SHORT TERM OUTLOOK ON STOCKS



Stocks with short term Bullish Outlook:

STOCK                                                     S1              S2            R1              R2
TATA MOTORS                                    239.17      197.78       302.22       323.88
HUL                                                        483.67      401.93       607.92       650.43

Stocks with short term Bearish Outlook:
STOCK                                                     S1              S2             R1              R2
HDFC                                                    662.2         574.45        806.75       863.55
HCLTECH                                             541.23       508.92        598.93       624.32



                                                     NEWS TO WATCH  TODAY

1. IVRCL plunges over 9 per cent as Essel Group offloads shares
2. HDFC plunges 6% as Carlyle sells 3.7% stake for nearly Rs4,300 crore
3. Oil India, IOC buy stake in US shale assets
4. Pepsi cuts price, Coke unlikely to follow the suit.
5. Hike in insurance FDI limit may attract Rs. 30k crore: IRDA

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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.

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Nifty has formed a “rectangular pattern” suggesting uptrend

Nifty closed above the 5700 level for the second consecutive session on Monday, supported by positive 

European cues and appreciation in Indian rupee. Overall it was a day of consolidation for the market
after it had rallied 1 percent on Friday and 8 percent in September on strong inflow of foreign money.
Nifty is currently trading in range of 50 points in between 5,700-5,750, exhibiting rectangular pattern,
trading within with support at 5,520 and resistance at 5,760.. On upside if level of 5,760 breaches
decisively then we could see rise up to mark of 5,800, on the lower side if level of 5,600 is breaches then
Nifty could retrace up to its mild support of 5,520 mark first and thereafter up to its strong support of
5,500. Technical momentum indicators are currently suggesting uptrend in it. Stochastic is currently
moving in neutral zone, on the brink of entering into overbought territory indicating upside. RSI is
trading in overbought territory at 73 showing positive crossover. Another momentum technical
indicator MACD is trading in positive zone, showing positive divergence, also indicating uptrend

                                   SHORT TERM OUTLOOK ON STOCKS

Stocks with short term Bullish Outlook:

STOCK                                                            S1             S2               R1            R2

J P ASSOCIATES                                          83.47        80.98           87.42       88.88
AMBUJA CEMENT                                      204           198.5          213          216.5

Stocks with short term Bearish Outlook:

STOCK                                                             S1            S2                R1             R2

DLF                                                              225.27       221.53         234.07       239.13
BANK OF BARODA                                   776.68       768.72         798.03       811.42



                                                        NEWS TO WATCH


1.   General Motors India sales down 27% in September
2.   Exports in August down 9.7% YoY; imports fall 5.1%
3.   Maruti Suzuki September sales up 10% YoY at 93,988 units
4.   Fiscal deficit can be reined in at 5.2% of GDP only if subsidies are cut: Kelkar
      Report
5.   Manufacturing PMI steady at 52.8 in September

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