30/10/09 - Market cues & calls

Woooooooo what an expiry? Expiry days are always easy to mint money which proved again, 4800 PE gave 800% return is just 30 mins. Expiry close beats every analyst view including me where all spoke with option data where markets fooled everyone, that's market and we should not chase it. These are important lessons for beginners in markets. If Market is king then Stop loss is queen always to tackle him. So Nifty expired @ 4750,where again operator showed their strength. what will be the scene today on Indian markets? Recovery or tumble? lets see. Big Boy Reliance have come with bad numbers which will not cheer the markets. US markets closed nearly 2% after 4 days slide with strong GDP numbers, will it continue yes. DOW closing above 10000 for the week will cross 10250 - 10500 this time.

Nifty view ::

Nifty Nov future ended up with 29 point premium. From recent swing high to low Nifty reached its 50% retracement @ 4767 yesterday and 38.2 pegged @ 4669 so thats area whr one can try to add their positions or Stop for longs on closing basis. Technically we are nearing the bottom of this fall, where a retracement is expected. Opening will be induced by Reliance with its bad result rather than US & Asian markets. Until 4833 crosses and holds one can short every rise for 4669 target. Shorts who are in profits can try to exit @ every dip as technically its Oversold market.Oversold does not mean will see lows.4731 is the support level breaching that will give 4669/4619/4575. The way FII's selling seems USD gonna bottom out.Gold will dip until mid of december,then we can expect sharp rise in it where it can reach 1250 - 1300 $ soon. So try to pick gold below $1000. And for our markets pharma,telecom sector will do better in this run. Pick Bharti airtel with an married put to tackle risk.Safe traders can skip overnight weekend position as we have holiday on Monday.

Levels ::

Nifty fut Supp @ 4738 :: Res @ 4820

Bearish > 4787 < Bullish

Stocks to watch ::

PNB Gilts
DCW
Skumars
Zicom

Happy trading !!!!

28/10/09 - Market cues & calls


Nifty opened Gap Down yesterday and traded flat to positive and cant able to sustain 4950 when RBI policy came out it has no clue to go up and also broken the range 4900 and closed below that. Bank nifty,realty,steel plunged hard yesterday. SBIN and ICICI are mega losers yesterday. lets see where we going to expire tomorrow.

Nifty view ::

Nifty cant able to hold the 4950 mark again Bears taking the charge on all higher levels and broken the 4900 mark where the gate opened for 4750. Close below 5005 will give 4830 which I mentioned last week came where it took some support, But as we are near expiry I thought that could not happen still it came.Today I feel sell off @ first recovery from second half where markets will expire on positive, still Stop loss rules. Below 4807 Nifty will reach 4732, Broadly 4900 break is the way for 4400 with some bounces. So 4732 is the level of Investor to watch out and accumulate some good stocks. Above 4845 nifty can do 4880 and 4900. have a eye on 4921 if crossed with vols then we can expect a solid expiry run.Daily charts are Oversold so a bounce in due . Safe traders can skip the market upto expiry. I feel solid bounce back on second half today where we will close the week green.

Levels ::

Nifty fut supp @ 4807 :: res @ 4886

Bearish > 4896 < Bullish

Stocks to watch ::

ptc
Zylog

Happy trading !!!!!!!

27/10/09 - Market cues & calls

Nifty Opened gap Down yesterday despite of positive Asian cues and SGX nifty. Buying Witnessed @ lower levels which take Nifty near 5050 mark again, where bulls got tired and cant make it move further above the grip level of 5060 where Morning bears took the charge again which lead to a fall below 5000 and closed below that for 2nd Day. with added RBI credit policy rumour in street and rollover to next month Nifty future whole day had a volatile session. So will Bulls cross 5000 again or bears take the charge for Final assault lets see.

Technical View ::

Nifty took support @ 4960 level again and moved near 5050 where it resisted and came back to 4960, so fight between bulls and bears will continue until the BO level mentioned yesterday (4900 or 5200).Nifty formed a +ve div on hourly charts,which will be negated if oscillators makes low with fall in price. Us markets fell due to strong rebound of US dollar among major pairs where Gold and oil plunged on profit takingm Dow will target the 50 MA which is @ 9675 where we can expect fresh buying coming in until that traders will take profit above 10000 markwhich will Lead to fall again and again. With 1% fall in US markets, today I feel again one more Gap Down where Intraday traders can take a long with 4929 as stop for 4980 and 5015 targets. No change in my expiry view mentioned yesterday. 5065 need to be the stoploss for shorters where we can expect a sudden spike above that level where it will cross 5100 again this time. Safe traders can skip the trading until RBI credit policy announcement where there will be hike in CRR this time.

Levels ::

Nifty fut Supp @ 4928 :: Res @ 5015

Bearish > 5001 < Bullish

Stocks to watch ::

Natco pharma
Zee news
Pricol

QOD :: “There are no failures - just experiences and your reactions to them.”

Happy trading !!!!

26/10/09 - Market cues & calls

Friday we done our small +ve div target of 5045 and nifty got resisted around 5050 for second time with the help of RELIANCE with hardys news.

So whats for the week? Asian markets Open strong despite of Dow's Friday fall. A gap Down open is expected in Indian markets. Expiry week will always been volatile for past 2 - 3 months.RBI monetary policy will add weightage to the markets this week and investor community will watch it keenly. If Nifty open a gap down just try 5000 CE for this expiry. I strongly feel 5150 0nce again either it may be on expiry day. Safe traders can wait and watch still 4900 or 5200 breaks on closing basis its No trade zone. Have a eye on ACC future it formed beautiful bullish pattern on charts. Reliance is now a short @ rise formation on hourly charts.

Levels ::

Bearish > 5021 < Bullish

Nifty fut Supp @ 4988 :: Res @ 5053

Stocks to watch ::

Acc
Pirhealth
Goa carbon
Sel Manufacruing

Happy Trading !!!!!!

23/10/09 - Market cues & calls

Hi all, sorry cant able to post my views these days. will post my views from here with short messages.

Nifty closed below 20 MA will it bounce from here? Last 3 times it did lets see what are factors to do that.Nifty yesterday took fibo support @ 5030 then had a bounce of 30 points but again selling pressure came and eroded morning gains. Again Banks are culprits as mentioned yesterday. Final minute buying made some hope for bulls in market,as its fully operator induced market they have more upper hands. Investors can look for these dips to pick some good midcap stocks.Technically its Head and shoulder playing in hourly chart for 4950 target. triple bottom @ 4950 level suggest that will be arresting point for the fall.Small +ve Div found for 5045 target. Above 5045 Nifty will target 5100.Again Banks will play important role today.Breach of 4950 will take nifty to 4830.

Levels ::

Bearish > 5025 < Bullish

Nifty fut supp @ 4950 :: Res @ 5050


Stocks to watch ::

Torrent power
EIH assoc
Nelco

Happy trading !!!!!