Nifty Outlook for - 07-sept. 2012

Yesterday the trend was CONFUSION TREND In Sep series Nifty future shed 9.45 lakh position in Open Interest and this accounts to -5.3 % of Total Open Interest in Sep series.The Nifty Sep series is trading at 22.7 Rs premium to Underlying . In derivative cumulatively for all series contract Nifty future net shed 8.69 lakh position in open interest and this accounts to -4.54 % of Total Open Interest in all series and cumulatively trading in average premium of 51.55 Rs to Underlying. The open interest is also not increasing with trend so be careful..

At current price strike the activity is tilted to put side but writing of call is slightly increasing at 5300 level Yesterday Nifty Put option has added 612.63 lakh position and Nifty call option has added 653.96 lakh position in open interest on cumulative basis Moneyflow wise Nifty Put option has added Rs 11.2 crore in value and Nifty call option has added Rs 12.22 crore in value on cumulative basis



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Nifty Trend for Today- 26-july-2012

Nifty: The Nifty is likely to open flat on the back of flattish Asian cues. It is likely
to trade in the range of 5080-5160. The trading strategy would be to create long
positions if the Nifty takes support at around 5090 levels for targets of 5125 and
5145. On the other hand, one can also create short positions if it resists at
 around 5160 levels.

Bank Nifty: The Bank Nifty is likely to trade in the range of 10200-10550.

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Nifty Trend for 01/Mar/2012

Markets had a gap up opening on mixed global cues but not sustain on higher levels. Opening of European markets in green also not support Indian market, Nifty continuously made new lows and got support around 5400 mark. Today 5400 play vital role for nifty, on intraday if it is maintain above 5450 then we expect some positive movements towards level of 5520 otherwise it may find next support around 5320 Below this bears are more active and take nifty towards 5220.

TREND: SIDEWAYS

SUPPORT: 5380 & 5320 RESISTANCE: 5500 & 5565

Major Market News-

·        Sensex gives up gains; L&T, HDFC Bank, ICICI Bank drag.

·        GDP grows 6.1% in Dec-qtr, slowest in almost 3 years.

·        Essar retreats as Credit Suisse cuts rating.

·        Muthoot Finance to raise Rs 5 bn via NCD issue.

·        ACC to set up new clinker facility with 2.79 MTPA capacities.

·        ONGC stake sale on Mar 1; may fetch about Rs 120 bn.

Technical News of Nifty 28- NOV - 2011

On daily charts, Nifty future is holding near the levels of 4700 which has now become a crucial level. It had got strong resistance around 4780 since last three sessions. Thus, if nifty sustains above 4800 then we expect to see a jump at 4900. If nifty slips below 4630 then next stop would be at 4530.  

TREND: DOWN

SUPPORT     :  4650 & 4530     

RESISTANCE:  4780 & 4850

Market gossip  

• Sensex ends 163 pts down on EU fears; L&T, BHEL up 3.4%, retail surge on FDI approval.
• Bharti Telecom buys 14.93 lakh shares of Airtel for Rs 54.51 crore.
• Bharti ends talks with RIL to sell insurance JVs stake, fail for life insurance business.
• Weak Rupee and euro fall hurt sentiments on local equities.
• Ranbaxy gains 8% as drug Lipitor's patent expiry nears.
• Unitech to invest Rs 4,000 ceror to develop over dozen malls.

Nifty Levels and News on - 04-11-2011

Sensex closes 17 pts up as Europe rallies, BHEL jumps 4%

The NSE Nifty recovered in late trade to close with moderate gains on Thursday. Indian market started recovering as European markets bounced on hopes that Greece referendum may not happen. The Nifty held on to the 5200 mark quite nicely since last week, which is looking like the support in the near term. The index rose 7.3 points, to end at 5,265.75. The 30-share BSE Sensex recovered 200 points from day's low, before closing up 17.08 points at 17,481.93.

Every market across the globe has priced in all negatives associated with Europe and is awaiting conclusive decision from the G-20 meet that started today. According to Nick Parsons of National Australia Bank, collapse of Greece government will be positive for global markets. He said ouster of PM Papandreou would mean no referendum in Greece.

European markets bounced back sharply after a fall of 1.5-2% in the initial trade. France's CAC and Germany's DAX moved up 1% each while Britain's FTSE rose 0.3%. Athex Composite (Greek) shot up 2.7% and IBEX (Spain) was up 1.25%.

Back home, heavyweights Reliance Industries, Bharti Airtel and SBI led the major support; respective stocks gained 1.51%, 2.15% and 1.34%.

Power stocks rallied after the government meeting on import duty for foreign power equipment. BHEL shot up 4.18% and Tata Power rallied over 3% while NTPC gained 1%.

However, the fall of 0.5-1% in Infosys, ICICI Bank, HDFC Bank, L&T and Wipro has limited the upside.

SAIL lost 3% after less than expected numbers in Q2. The company's net profit fell 54.6% to Rs 495 crore in the second quarter of FY12 due to forex loss Rs 509 crore.

Total traded turnover was more than Rs 1.16 lakh crore. Declines outnumbered advancing ones by 752 to 653 on the National Stock Exchange.

Nifty future closed 30 points up @ 5309. Now 5340 is very crucial resistance for nifty this level is 200 day moving average (DMA). Nifty break level of 5225, after that it take reversal made day high and closed around high. Market seems to be positive if it cross and maintain above 5340. Some major stocks looks bullish on charts market may be positive if maintain on tops.

 Sensex ends near 17500, 17 pts up as Europe rallies, BHEL jumps 4%, DLF, Tata Power up.
SAIL Q2 net falls 54.6% to Rs 495 cr.
Food inflation at 12.21% YoY on Oct 22.
Federal Bank not to jump into savings rate hike war.
On Mobile up 7%; Q2 net profit more than double.
Greek PM Calls for emergency meet as banks tank over 5%.

Source: www.commodityonline.com