Category Archives: BSE & NSE

Nifty Market View & FII Derivative Data – 23 October’2012

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The Bse Index Shuts at 18794 up 112 points from its Previous Close or +0.59%. The Nse Index Shuts at 5718 up 33 Points from its Previous Close or +0.58%.

  • As per Indicators side Rsi & Cci given reverse signal on chart with today’s positive closing and Macd still negative on daily chart.

FII Derivative Data:

  • FII bought 8090 Contracts of Index Future, worth 236.01 cores with net OI increasing by 78396 contracts.
  • Nifty Future was up by 36 points and Open Interest in Index Futures increased by 78396, FII covered shorts and initiated fresh longs in Nifty Future and Bank Nifty. An important point to note today’s traded contract in Index future is highest in the month of October so is this the hint that we will break the 90 points range of 5635-5725 on Upside.
  • Nifty Spot closed at 5719 after making a high of 5722 and low of 5658. Nifty spot again was unable to break 5725 and 5638 so still trading within the range of 5635-5725. It has been 9 days of consolidation in this range and has been a very frustrating range to traders. Best is to stay on sidelines till this range breakout/breakdown gets resolved. Now the Bollinger band on Daily charts has squeezed so a fast move is round the corner, either it will be before expiry.
  • Resistance for Nifty has come up to 5725 and 5741 which needs to be watched closely ,Support now exists at 5690 and 5676 .Trend is Sell on Rise till 5725 is not broken on closing basis.
  • Nifty Future October Open Interest is at 1.97 cores with liquidation of 24 Lakh in OI, long liquidation in Nifty. Rollovers have started in Nifty Future and 46 lakhs got rollover from October Series.
  • Total F&O turnover was at 1.72 lakh Cores with total contract traded at 2.61 lakh, PCR at 1.12 and VIX collapsed 10% to 13.04,Cash market volumes dipped again today so our assumption on Thursday that higher cash volumes were sign of distribution proved right.
  • 5800 Call is having highest Open Interest of 1.17 Core with addition of 9.7 lakhs in OI as Premium increased from Rs 3 To Rs 7 ,5700 Call sheded 9 lakhs in OI after Bulls were able to close nifty above 5700 .5500-5900 CE sheded 3.5 lakhs in Open Interest.
  • 5600 Put is having highest Open Interest of 83 lakhs with addition of 15 lakhs in OI so 5600 is strong base for Nifty. 5700 Put saw a addition of 7 lakhs put writers were rewarded as premium reduced from Rs 50 to Rs 18 .5500-5900 PE added 17 lakhs in Open Interest, so can Bulls break 5725 tomorrow .
  • FII bought 241.68 cores and DII sold 137.9 cores in cash segment, INR closed at at 53.67. FII bought 294.66 cores in Stock Futures.
  • Nifty Futures Trend Deciding level is 5705 (For Intraday Traders), Trend Changer at 5719 Nifty Futures (For Positional Traders)
  • 5 DMA at 5686
  • 20 DMA at 5694
  • 50 DMA at 5510
  • 200 DMA at 5253
  • 5 Days Relative Strengthen Index at 59 and 14 Days Relative Strengthen Index at 59 Indicates Nifty in Bullish Zone.

Nifty Spot Support & Resistance:

Nifty Resistance at It has the First resistance close to the level 5733 and above the level marks the track point at 5755 later zipper levels at 5777 marks.

Nifty Support at It has the First support close to the level 5688 and below the level marks the track point at 5666 later zipper levels at 5644 marks.

Nifty Future Momentum Call for 23 Oct’2012:

Buy above 5733 sl 5711 Tgt 5755-5777 {Or} Sell Below 5688 sl 5711 Tgt 5666-5644

Bank Nifty Future Momentum Call for 23 Oct’2012:

Buy Bank Nifty Future Above 11666 sl 11622 Tgt 11711-11755 {Or} Sell Below 11577 sl 11622 Tgt 11533-11488

Nifty Daily Outlook & FII Derivative Data – 18 October’2012

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The Bse Index Shuts at 18611 up 33 points from its Previous Close or +0.18%. The Nse Index Shuts at 55661 up 13 Points from its Previous Close or +0.22%.

  • Intraday Charts and Nifty Intraday Trend and momentum both indicate Bearish Trend. Closing of the Day Nifty Spot is still below weekly average at 5680 on downside Nifty average month support at 5595 and three months support at 5430. Eod Chart indicators still in sell signals.

FII Derivative Data:

  • FII bought 7680 Contracts of Index Future, worth 197 cores with net OI increasing by just 438 contracts.
  • Nifty Future was up by 18 points and Open Interest in Index Futures increased by 438, so FII again took some longs in longs of Nifty Future and Bank Nifty. Now if one observe the EOD close of Nifty from 8 Oct it has been one day negative and other day positive eg. 8 Oct down by 75 9 Oct up by 22. So as per the trend tomorrow should be a down day again.
  • Nifty Spot closed at 5660 after making a high of 5684 and low of 5634. Sideways consolidation with the repeated testing of the support continues in Nifty and there is no display of any strength during pullback rallies. Such pattern could eventually end up with the Nifty breaking below the supports over next few days.
  • Nifty daily chart is forming a Head and Shoulder pattern with Neckline placed at 5635 and if it gets broken with volumes in coming week lower levels are quiet possible.
  • Resistance for Nifty has come up to 5684 and 5705 which needs to be watched closely ,Support now exists at 5618 and 5600 .Trend is Sell on Rise  till 5725 is not broken on closing basis.
  • Nifty Future October Open Interest is at 2.37 cores with unwinding of 2.88 Lakh in OI, shorts getting unwounded. Here do not we were cautious in Nifty longs from 5 October the day it hit 2.64 cores saying it shows overconfidence of Bulls
  • F&O turnover was at 1.33 lakh Cores with total contract traded at month low of 1.68lakh, PCR at 0.87 and VIX  at 15.17.
  • 5800 Call is having highest Open Interest of 1.17 Core with fresh addition of 16.8 lakhs in OI and Premium at Rs 9 (down from 42 4 days ago), 5700 Call unwounded 4.2 lakhs in OI after brief rally in fag end of session but still 5700 will be strong resistance for Nifty .5400-6000 Call added 3.9 lakhs in Open Interest.
  • 5500 Put is having highest Open Interest of 85 lakhs with addition of 20 lakhs in OI so such huge addition in 5500 Put suggests Bears are sharpening there claws and we can see a break of 5600 in next 2 days if 5618 gets broken, 5600 PE added 1.6 lakhs and OI at 79 lakhs .5400-6000 PUT added 22 lakhs in Open Interest. So Bears are having upper hand as of now as not allowing nifty to close above 5700
  • FII bought 35 cores and DII sold 285 cores in cash segment, INR closed at at 52.87. FII bought 36 cores in Stock Futures.
  • Nifty Futures Trend Deciding level is 5637(For Intraday Traders), Trend Changer at 5723 Nifty (For Positional Traders).
  • 5 DMA at 5676
  • 20 DMA at 5680
  • 50 DMA at 5484
  • 200 DMA at 5237
  • 5 Days Relative Strengthen Index at 44 and 14 Days Relative Strengthen Index at 55 Indicates Nifty Slipping in Bearish Zone.

Nifty Spot Support & Resistance:

Nifty Resistance at It has the First resistance close to the level 5688 and above the level marks the track point at 57511 later zipper levels at 5733 marks.

Nifty Support at It has the First support close to the level 5644 and below the level marks the track point at 5622 later zipper levels at 5600 marks.

Nifty Future Momentum Call for 18 Oct’2012:

Buy above 5688 sl 5666 Tgt 5711-5733 {Or} Sell Below 5644 sl 5666 Tgt 5622-5600

Bank Nifty Future Momentum Call for 18 Oct’2012:

Buy Above 11425 sl 11377 Tgt 11466-11511 {Or} Sell Below 11333 sl 11377 Tgt 11288-11244

Nifty out Look & FII Derivative Data – 12 October’2012

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The Bse Index Shuts at 18805 up 174 points from its Previous Close or +0.93%. The Nse Index Shuts at 5709 up 56 Points from its Previous Close or +0.99%.

Infy Results before Market Opening & Hdfc after Market Hours & IIP data at 11.00 A.M

  • Seeing as tomorrow is a significant day with the start of the Results Season getting kicked off by the bell weather Infy it is likely to garner a lot of interest and significance since this result is likely to define the performance of the Corporate Sector for the Q2 of 12-13 which has largely been bearish when compared with the last year due to the higher interest costs and slackening Economic Growth.
  • The charts are indicating that the Markets are likely to remain volatile during the current Results seasons with the Indices facing severe resistance at the higher side which is 5730-5770 and it attains significance since these mentioned levels have not been breached during the last few sessions and the Indices dropped on account of profit booking to the 5650-5500 levels as well.

FII Derivative Data:

  • FII sold 1727 Contracts of Index Future, worth 125.81 cores with net OI increasing by 39437 contracts.
  • Nifty Future was up up by 66 points and Open Interest in Index Futures increased by 39437,so  FII have created fresh longs   in Nifty and Bank Nifty Futures.
  • Nifty Spot closed at 5708 after making a low of 5637 and not breaking our Sell area of 5632 as given yesterday we got a 66 points rally today.  Nifty daily chart is forming a Head and Shoulder pattern we are in process of forming a Right Shoulder now so if 5815 is not breached and 5630 gets broken in coming week lower levels are quiet possible.
  • Resistance for Nifty has come up to 5728 and 5752 which needs to be watched closely ,Support now exists at 5688 and 56661 .Trend is Buy on Dips  till 5688 is not broken on closing basis.
  • Nifty Future October Open Interest is at 2.53 cores with unwinding of 2.3 Lakh in OI,shorts did profit booking in Nifty future .
  • Future & Option turnover was at 1.38 lakh Cores with total contract traded at 2.50 lakh,  PCR at 0.96 and VIX  at 16.49.Volumes have been on decline from past 3 days which is a silver lining for bulls as traders are not unwinding positions and dips can be used to make a base for sustainable rally. Discussion became reality today
  • 5800 Call is having highest Open Interest of 83 lakhs with fresh addition of 6.2 lakhs in OI and Premium at 42.5900 CE Open Interest at 83 with net addition of 5.74 lakhs in OI so speculative or smart money is buying 5900 Call at premium of rs 16, and 5700 Call also unwounded 5.2 lakh in OI as bulls captured 5700 again .5400-6100 CE unwounded 2.2 lakhs in Open Interest.
  • 5600 Put is having highest Open Interest of 70 lakhs with addition of  6.39 lakhs in OI and premium at 23,5700 PE showed added of 3.7 lakhs .5400-6100 Put  unwounded  2.4 lakhs in Open Interest. So it seems rally is on back of short covering only.
  • FII bought 1043.41 cores and DII sold 573.72 cores in cash segment, INR closed at at 52.75. FII sold 311 cores in Stock Futures.
  • Nifty Futures Trend Deciding level is 5695 (For Intraday Traders), Trend Changer at 5738 (For Positional Traders)
  • 5 DMA at 5698
  • 20 DMA at 5649
  • 50 DMA at 5448
  • 200 DMA at 5218
  • 5 Days Relative Strengthen Index at 54 and 14 Days Relative Strengthen Index at 61 Indicates Nifty placed in BULLISH Zone.

Nifty Spot Support & Resistance:

Nifty Resistance at It has the First resistance close to the level 5711 and above the level marks the track point at 5755 later zipper levels at 5777 marks.

Nifty Support at It has the First support close to the level 5688 and below the level marks the track point at 5666 later zipper levels at 5644 marks.

Nifty Future Momentum Call for 12 Oct’2012:

Buy above 5755 sl 5733 Tgt 5775-5800 {Or} Sell Below 5711 sl 5733 Tgt 5688-5666

Bank Nifty Future Momentum Call for 12 Oct’2012:

Buy Above 11600 sl 11555 Tgt 11640-11690 {Or} Sell Nifty Future Below 11510 sl 11555 Tgt 11470-11420

Nifty Day Chart & FII Activity – Nifty Future, Nifty Spot, F&O Tips for 11 October 2012

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The Bse Index Shuts at 18632 down 163 points from its Previous Close or -0.86%. The Nse Index Shuts at 5653 down 53 Points from its Previous Close or -0.92%.

  • Scheduled end of the day chart Nifty closes below weekly average and heading towards monthly average of 5580. On daily chart rsi-macd-cci all given sell signals. Nifty below 5580 next term short support at 5415.

FII Derivative Data:

  • FII sold 34232 Contracts of Index Future, worth 1012.37 cores with net OI decreasing by 20284 contracts.
  • Nifty Future was down by 51 points and Open Interest in Index Futures decreased by 20284,so FII have booked profits in shorts  in Nifty and Bank Nifty Futures. Fresh longs have not been created as nifty is moving in sideways zone after big rally from 5200-5800.
  • Nifty Spot closed at 5653 after making a low of 5648 and filling the gap from 5650-5683, The correction which is ongoing is 4 days old and looking at past 2 correction of 316 points (5349-5033) which took 13 days and 233 points (5449-5216) which took 10 days, current ongoing correction has done 167 points in 4 days so if 5630 does not hold on closing basis we can expect correction to continue with brief pullback rallies.
  • Gap filling of 5650-5683 has started and gap of 5650 did not got filled today, but should be filled in this week as per gap theory. This is what we discussed yesterday and Nifty filled the gap today.
  • Resistance for Nifty has come up to 5685 and 5700 which needs to be watched closely ,Support now exists at 5620 and 5600 .Trend is Sell on Rise till 5684 is not broken on closing basis.
  • Nifty Future October Open Interest is at 2.56 cores with unwinding of 6.9 Lakh in OI, shorts did profit booking in Nifty future.
  • F&O turnover was at 1.17 lakh Cores with total contract traded at 2.22 lakh, PCR at 0.94 and VIX at 16.83, VIX is also trading at its lower end of range and a up move till 18.5-19 is on cards. Volumes have been on decline from past 3 days which is a silver lining for bulls as traders are not unwinding positions and dips can be used to make a base for sustainable rally.
  • Nifty 5800 CALL is having highest Open Interest of 76 lakhs with fresh addition of 3.6 lakhs in OI and Premium at 25.5900 Call Open Interest at 77 with net addition of 8 lakhs in OI so speculative or smart money is buying 5900 Call at premium of rs 10, and 5700 Call also added huge 13 lakh in OI so bears are trying to make ceiling of market at 5700 for short term .5400-6100 Call added huge 32 lakhs in Open Interest.
  • Nifty 5500 PUT is having highest Open Interest of 65 lakhs with addition of  5.17 lakhs in OI and premium at 18,5700 Put showed an unwinding of 4 lakhs and 5600 PE saw a marginal unwinding of 0.35 lajhs.5400-6100 Put  added 5 lakhs in Open Interest.
  • FII bought 407.6 cores and DII sold 396 cores in cash segment, INR closed at at 53.06. FII sold 424 cores in Stock Futures.
  • Nifty Futures Trend Deciding level is 5680 (For Intraday Traders), Trend Changer at 5742.
  • 5 DMA at 5729
  • 20 DMA at 5633
  • 50 DMA at 5436
  • 200 DMA at 5214
  • 5 Days Relative Strengthen Index at 39 and 14 Days Relative Strengthen Index at 57 Indicates Nifty placed in BULLISH Zone.

Nifty Spot Support & Resistance:

Nifty Resistance at It has the First resistance close to the level 5666 and above the level marks the track point at 5688 later zipper levels at 5711 marks.

Nifty Support at It has the First support close to the level 5644 and below the level marks the track point at 5622 later zipper levels at 5600 marks.

Nifty Future Momentum Call for 11 Oct’2012:

Buy above 5688 sl 5666 Tgt 5711-5733 {Or} Sell Below 5666 sl 5688 Tgt 5644-5622

Bank Nifty Future Momentum Call for 11 Oct’2012:

Buy Above 11380 sl 11333 Tgt 11422-11466 {Or} Sell Below 11330 sl 11380 Tgt 11288-11244

Multibagger Stock – Madras Cements Ltd.

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Madras Cements Ltd

  • Madras Cements Ltd People well known as Ramco Cement is a flagship company of the Ramco Group is a business group of South India. It is headquartered at Chennai, Tamilnadu State.  The main product of the company is Production of Portland cement. The company is the fifth largest cement producer in the country.
  • Madras Cemets Ltd has registered decent numbers for the quarter ending March 2012. The company has reported a rise of 25.14% in its net profit at Rs 123.01 crore for the quarter, as compared to Rs 98.30 crore for the same quarter in the previous year. Total income from operations of the company has increased by 29.56% to Rs 995.27 crore for Q1FY13 compared to Rs.768.21 crore for the quarter ended June 30, 2011.
  • Madras Cement Ltd {MCL} posted a sharp growth of 21% in volumes depicting increased cement demand in its key markets i.e. Tamil Nadu, Karnataka and Kerala. Operating profit zoomed about 26% at Rs.312.70 crore as compared to Rs.248.38 crore clocked in the like quarter last year. A realization too has improved about 7% in the quarter. EPS stood higher at Rs.5.17 as against Rs.4.13 in Q1FY12.
  • MCL has commissioned its 2 mtpa cement grinding capacity at Ariyalur which lead to 21.78% and 14% (y-o-y) rise in depreciation and power & fuel cost respectively. The revenue of the cement division stood at Rs.948.33 crore; up by 29.54% on a y-o-y basis. The revenue from its power (windmills) division rose by 27.65% at Rs.40.95 crore as compared to Rs.32.08 crore in year ago quarter.
  • Among strong presence in South India, growing volumes and reducing costs and higher realizations; MCL growth prospects looks attractive. We believe Madras Cement Ltd. is trading at an attractive valuation at 10.62 x and 9.37x of FY13EPS of Rs.17.55 and FY14EPS of Rs.19.89. We initiate a ‘Buy stock’ with the stock target price of Rs.240 (appreciation of about 29%) with the medium to long term investment horizon.
  • Madras Cements (MCL) was established in 1957, is part of Ramco Group, a well known business group of South India. It is based at Chennai. The company is the fifth largest cement producer in the country. Ramco Super grade is the most popular cement brand in South India.

Business area of the company:

  • The main product of the company is Portland cement manufactured through the five advanced production facilities spread over South India. The cement capacity is 10.49 million tons per annum.
  • The company also produces Ready Mix Concrete and Dry Mortar products. In addition, the company also operates one of the largest wind farms in the country.

 Integrated Cement Plants

  • Ramasamy Raja Nagar, Virudhunagar, Ariyalur, Govindapuram, Ariyalur District, Alathiyur, Ariyalur District of Tamil Nadu State.
  • Jayanthipuram, Andhra Pradesh
  • Mathodu, Chitradurga District, Karnataka

Grinding Units

  • Uthiramerur, Kanchipuram District, Valapady, Salem District in Tamil Nadu State
  • Kolaghat, Purba Medinipur District, West Bengal

Packing Terminals

  • Nagercoil Packing Unit, Kumarapuram, Aralvaimozhi, Kanyakumari District, Tamil Nadu
  • Hyderabad Packing Plant, Pochampally Road, Malkapur, Nalgonda District, Andhra Pradesh
  • Today Madras Cements Ltd is not only one of the most respected cement companies in the country but also leads in giving the best return for the investors. With a cement capacity of 10.49 million tons per annum, the company is the fifth largest producer of cement in India. It is also one of the largest wind energy producers in the country with a capacity of 185.59 MW.
  • We Bet The Share Grab Around 188 For Long Term Investment Horizon 240 for 9-12 Months Time Period.

Nifty Outlook & FII Derivative Data – 10 October’2012

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The Bse Index Shuts at 18794 up 85 points from its Previous Close or +0.45%. The Nse Index Shuts at 5705 up 29 Points from its Previous Close or +0.50%.

  • Daily Chart Indicates Nifty closed 5690 which suggest reversal signal. On daily chart Rsi & Cci given reversal buy signal while macd is at down side break out. Trend and momentum is bullish on end of day chart for Nifty.

FII Derivative Data:

  • FII bought 2375 Contracts of Index Future, worth -6.88 cores with net OI increasing by 8405 contracts. As FII were buyers but net amount came as negative which means FII sold in Opening and bought at the far end of session. Consider the following example Sell 9 unit at Rs 7 and Buy 10 Unit at 6 so net units comes as 1 and value comes to Rs-4.
  • Nifty Future was up by 22 points and Open Interest in Index Futures increased by 8405, so FII have booked profits in shorts in Nifty and Bank Nifty Futures. Fresh longs have not been created as nifty is moving in sideways zone after big rally from 5200-5800.
  • Nifty Spot closed at 5705 after making a high of 5729 and unable to move above the previous swing low of 5740 which shows it was a fake breakout above 5740. Gap filling of 5650-5683 has started and gap of 5650 did not got filled today, but should be filled in this week as per gap theory.
  • Resistance for Nifty has come up to 5715 and 5730 which needs to be watched closely ,Support now exists at 5678 and 5650 .Trend is Sell on Rise till 5752 is not broken on closing basis.
  • Nifty Future October Open Interest is at 2.62 cores with unwinding of 0.30 Lakh in OI, Shorts did profit booking in Nifty future.
  • F&O turnover was at 1.12 lakh Cores with total contract traded at 2.17 lakh, PCR at 1.04 and VIX at 16.80, VIX is also trading at its lower end of range and a up move till 18.5-19 is on cards.
  • 5800 CALL  is having highest Open Interest of 73 lakhs with fresh addition of 3.1 lakhs in OI and Premium at 41.6000 CE Open Interest at 70 is second highest  lakhs,  and  6100 calls got unwounded today as premium moved from 8 to rs 2 .5400-6100 CE  added 5.9 lakhs in Open Interest.
  • 5600 PUT is having highest Open Interest of 64 lakhs with addition of 3.2 lakhs in OI and premium at 31.5, Bulls were just able to defend 5700 with addition of 2.9 lakhs. 5400-6100 PE added 8.3 lakhs in Open Interest.
  • FII bought 613.98 cores and DII sold 430.60 cores in cash segment, INR closed at at 52.54.FII sold 87 cores in Stock Futures.
  • Nifty Futures Trend Deciding level is 5698(For Intraday Traders), Trend Changer at 5748 NF(For Positional Traders). (Above this Level Bulls will rule Nifty/Below this levels Bears have upper hand). We have done 2 successful trades in past 2 days with trend changer level each 50 points..
  • 5 DMA at 5729
  • 20 DMA at 5619
  • 50 DMA at 5424
  • 200 DMA at 5209
  • 5 Days Relative Strengthen Index at 52 and 14 Days Relative Strengthen Index at 63 Indicates Nifty placed in BULLISH Zone.

Nifty Spot Support & Resistance:

Nifty Resistance at It has the First resistance close to the level 5711 and above the level marks the track point at 5733 later zipper levels at 5755 marks.

Nifty Support at It has the First support close to the level 5688 and below the level marks the track point at 5666 later zipper levels at 5622 marks.

Nifty Future Momentum Call for 10 Oct’2012:

Buy Nifty Future above 5733 sl 5711 Tgt 5755-5777 {Or} Sell Below 5711 sl 5733 Tgt 5688-5666

Bank Nifty Future Momentum Call for 10 Oct’2012:

Buy Above 11535 sl 11488 Tgt 1575-11625 {Or} Sell Below 11444 sl 11488 Tgt 11355-11266

Nifty Future Momentum Call & FII Derivative Outlook – 05 October’2012

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The Bse Index Shuts at 19058 up 189 points from its Previous Close or +1%. The Nse Index Shuts at 57187 up +57 Points from its Previous Close or +0.98%.

  • End of The Daily Chart Nifty Weekly average moved at 5715 below that monthly average at 5545. On Daily Chart rsi overbought with bullish divergence. Cci move above +100 with bullish cross over. Positional Nifty can touch 5960.

FII Derivative Data:

  • FII bought 24911 Contracts of Index Future, worth 714 cores with net OI decreasing by 1843 contracts.
  • Nifty Future was up by 57 points and Open Interest in Index Futures decreased by 1843, so FII have booked partial profits Index Future longs in Nifty and Bank Nifty Futures. Big Bang Reform 2might turns out to be Buy Rumor and Sell news kind of event.
  • Nifty Spot closed at 5787 after making a 18 month high of 5807 but unable to close above 5800 on closing basis, Bulls are in control of market as they have closed nifty above 5740 on closing basis .As discussed the double bottom effect at 5638 is showing up. Another gap has been created today from 5731-5751
  • Resistance for Nifty has come up to 5807 and 5838 which needs to be watched closely ,Support now exists at 5775 and 5745 .Trend is Buy on Dips till 5680 is not broken on closing basis.
  • Nifty Future October Open Interest is at 2.56 cores with a addition of 5 Lakh in OI, longs got added in Nifty future. Only point of Concern is the 2.56 Cores in OI with just 4 days into the October series, now this clearly shows overconfidence of Bulls. Most probably we will see a dip in market so that weak bulls are flushed out. So hold longs with strict stop loss.
  • Total F&O turnover was at 1.09 lakh Cores with total contract traded at 2.22 lakh. PCR at 0.94 and VIX at 16.44, VIX is also trading at its lower end of range and a up move till 18.5-19 is on cards.
  • 6000 CALL is having highest Open Interest of 60 lakhs with fresh addition of 0.50 lakhs in OI. 5900 CE Open Interest at 50 is second highest lakhs, with fresh addition of 3 lakhs.5800 CE saw an unwinding of 10 lakhs so bears were taken by surprise with Nifty above 5800 and ran for cover and 6100 CE also added 6.4 lakhs ,premium of Rs 8.7 in OI which suggests speculative activity have started in higher calls.5400-6100 CE saw an unwinding of added 6.7 lakhs in Open Interest.
  • 5700 PUT is having highest Open Interest of 55.8 lakhs with fresh addition of  7.2 lakhs in OI, Bulls want to make  5700 as base for starting of October Series.5800 PE added 13 lakhs in OI premium being 71 so bulls are now concentrating on 5800 PE. With small base in OI of 28 lakhs if tomorrow we see it coming towards 40 lakhs 5800 can act as base else bulls will need to run for cover as they are becoming overconfident. 5400-6100 PE added 27.9 lakhs in Open Interest.
  • FII bought 944 cores and DII sold 818 cores in cash segment, INR closed at at 51.83. FII sold 157.66 cores in Stock Futures.
  • Nifty Futures Trend Deciding level is 5781(For Intraday Traders), Trend Changer at 5751 Nifty (For Positional Traders).
  • 5 DMA at 5718
  • 20 DMA at 5553
  • 50 DMA at 5389
  • 200 DMA at 5192
  • 5 Days Relative Strengthen Index at 87 and 14 Days Relative Strengthen Index at 76. Indicates Nifty placed in BULLISH Zone.

Nifty Spot Support & Resistance:

Nifty Resistance at It has the First resistance close to the level 58003 and above the level marks the track point at 5844 later zipper levels at 5866 marks.

Support at It has the first support close to the level of 5755 and below this level mark next support is seen at 5733 later dipping levels near 56711 marks.

Nifty Future Momentum Call for 05 Oct’2012:

Buy above 5845 sl 5822 Tgt 5866-5888 {Or} Sell Below 5800 sl 5822 Tgt 5777-5755

Bank Nifty Future Momentum Call for 05 Oct’2012:

Buy above 11755 sl 11711 Tgt 11844-11933 {Or} Sell below 11666 sl 11711 Tgt 11622-11577.

Stock Market Outlook for 26 September’2012 – Nifty, FII Derivative Data

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The BSE Index Shuts at 18,695 up 21 points from its Previous Close or +0.11%. The NSE Index Shuts at 5674 up +5 Points from its Previous Close or +0.08%.

  • Top Nse India Gainers were: Kotak Bank, Bhel, Hindunilvr and Cipla.
  • Top Nse India Losers Were: Jindal Steel, Cairn, Jp Ass and Ster.

FII Derivative Data:

  • FII bought 21938 Contracts of Index Future, worth 644.96 cores  with net OI increasing by Huge 96896 contracts.
  • Nifty Future was up by 1 points and Open Interest in Index Futures increased by 96896, FII created fresh longs Index Future longs in Nifty and Bank Nifty Futures. Also do note FII are basically doing lot of day trading in Index futures and rolling over their positions to next series.
  • Nifty Spot closed at 5674 after making a high of 5703 and unable to break 5720 for 2 day, Bulls are in control of market as they have defended 5648 as Nifty Spot made low of 5652 and bounced back. After big rise on Friday we had another session of consolidation today.
  • Resistance for Nifty has come up to 5700 and 5720 which needs to be watched closely ,Support now exists at 5648 and 5618 .Trend is Buy on Dips till 5570 is not broken on closing basis.
  • Nifty  Future September  Open Interest is at 1.92 cores with a unwinding  of 23 Lakh in OI, and all 23 lakhs got rollover to October Series. Rollovers have started in Nifty Futures with addition of 46 lakhs in October series. Fresh longs are created in October series.
  • Total F&O turnover was 1.91 lakh Cores with total contract traded at 2.90 lakh. PCR at 0.99 and VIX tanked 10% at 17.11.
  • 5800 CE is having highest Open Interest of 89 lakhs with fresh addition of 13 lakhs in OI.5700 CE Open Interest at 68 is second highest  lakhs, with unwinding of 2 lakhs. Immediate support is at 5648 as 5600 CE sheded another 4 lakhs as per Open Interest table.  5300-5900 CE unwounded just 0.18 lakhs in Open Interest.
  • 5600 PE unwounded 1.6 lakh in Open Interest total OI at 77 Lakhs,Bulls want to make  5600 as base for September Series.5700 PE added 4 lakhs in OI so we should see some good move ie. Break below 5648 or break above 5720 tomorrow. 5300-5900 PE unwounded 21 lakhs in Open Interest as major unwinding coming from 5500 PE. FII are booking profits in Puts written by them.FII  bought 5845 cores do note it includes the Bulk deal in Bayer Corp science and Cairn India  and DII  sold 1374 cores in cash segment, INR closed at 4 months high at 53.36 . FII sold 610 cores in Stock Futures.
  • Nifty Futures Trend Deciding level is 5452, Trend Changer at 5677 Nifty. (Above this Level Bulls will rule Nifty/Below this levels Bears have upper hand).
  • 5 DMA at 5638
  • 20 DMA at 5426
  • 50 DMA at 5329
  • 200 DMA at 5165
  • 5 Days Relative Strengthen Index at 76 and 14 Days Relative Strengthen Index at 72. Indicates Nifty placed in BULLISH Zone.

Nifty Spot Support & Resistance:

Nifty Resistance at It has the First resistance close to the level 5688 and above the level marks the track point at 5733 later zipper levels at 5755 marks.

Support at It has the first support close to the level of 5666 and below this level mark next support is seen at 5644 later dipping levels near 5622 marks.

Nifty Future Momentum Call for 26 Sep’2012:

Buy above 5711 sl 5688 Tgt 5733-5755 {Or} Sell Below 5666 sl 5688 Tgt 5644-5622.

Bank Nifty Future Momentum Call for 26 Sep’2012:

Buy above 11511 sl 11466 Tgt 11555-11600 {Or} Sell below 11422 sl 11646 Tgt 11377-11333.

Nifty out Look & FII Derivative Data – 25 September’2012

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The Bse Index Shuts at 18,674 down – 80 Points from its Previous Close or -0.42%. The Nse Index Shuts at 5670 down by -22 Points from its Previous Close or -0.38%.

  • Top Nse India Gainers were: Bhel,  Jindal Steel, Maruti and M&M.
  • Top Nse India Losers Were: Hdfc, Ongc, Sail and Itc.

FII Derivative Data:

  • FII sold 5167 Contracts of Index Future, worth 129.87 cores with net OI increasing by Huge 74249 contracts.
  • As Nifty Future was down by 25 points and Open Interest in Index Futures increased by 30452, FII have started booking profits on Index Future longs in Nifty and Bank Nifty Futures.
  • Nifty Spot closed at 5670 after making a high of 5710 and unable to break 5720, Bulls are in control of market and traders are getting overconfidence on taking longs which should be treated as caution whenever over optimism comes in market time to be cautious .Stock markets moves in direction which give maximum pain to traders to short term traders. So trade with strict stoploss as we are approaching expiry. After big rise on Friday we had a session of consolidation today.
  • Resistance for Nifty has come up to 5700 and 5720which needs to be watched closely, Support now exists at 5648 and 5618 .Trend is Buy on Dips till 5547 is not broken on closing basis.
  • Nifty Future September Open Interest is at 2.15 cores with a unwinding of 6.8 Lakh in OI, profit booking in longs is seen in Nifty future .Rollovers have started in NIfty Futures with addition of 21 lakhs in October series. Fresh longs are created in October series.
  • Total F&O turnover was 1.71 lakh Cores with total contract traded at 2.22 lakh. PCR at 0.95 and VIX   at 18.83.
  • 5800 CE is having highest Open Interest of 76 lakhs with fresh addition of 15 lakhs in OI.5700 CE Open Interest at 70  lakhs, with addition of 3 lakhs. Immediate support is at 5648 as 5600 CE sheded 3 lakhs as per Open Interest table.  5300-5900 CE added 12 lakhs in Open Interest.
  • 5600 PE added 3 lakh in Open Interest total OI at 78 Lakhs, Bulls want to make  5600 as base for September Series. 5300-5900 PE added 5.7 lakhs in Open Interest so option activity shows Bulls in wait and watch mode.
  • FII bought 1585 cores and DII  sold 1156 cores in cash segment, INR closed at 4 months high at 53.48  FII sold 387 cores in Stock Futures.
  • Nifty Futures Trend Deciding level is 5440, Trend Changer at 5680 Nifty. (Above this Level Bulls will rule Nifty/Below this levels Bears have upper hand).
  • 5 DMA at 5625
  • 20 DMA at 5410
  • 50 DMA at 5320
  • 200 DMA at 5162
  • 5 Days Relative Strengthen Index at 76 and 14 Days Relative Strengthen Index at 72. Indicates Nifty placed in BULLISH Zone.

Nifty Spot Support & Resistance:

Nifty Resistance at It has the First resistance close to the level 5688 and above the level marks the track point at 5733 later zipper levels at 5755 marks.

Support at It has the first support close to the level of 5666 and below this level mark next support is seen at 5644 later dipping levels near 5622 marks.

Nifty Future Momentum Call for 25 Sep’2012:

Buy above 5711 sl 5688 Tgt 5733-5755 {Or} Sell Below 5666 sl 5688 Tgt 5644-5622.

Bank Nifty Future Momentum Call for 25 Sep’2012:

Buy above 11466 sl 11422 Tgt 11555-11644 {Or} Sell below 11377 sl 1422 Tgt 11333-11288.

Nifty out Look & FII Derivative Data – 21 September’2012

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The Bse Index Shuts at 18,350 down – 147 Points from its Previous Close or -0.79%. The Nse Index Shuts at 5555 down by -46 Points from its Previous Close or -0.82%.

  • Top Nse India Gainers were: M&M Fin Services, Hind Petrol, Sjvn Ltd and Indian Bulls Real Estate.
  • Top Nse India Losers Were: Ttk Prestige, Gmr Infra, Lanco Infra and Jay Prakash Power.
  • Technical correction is in place giving the breathing space to indicator and cooling off the steam of stocks. Consolidation before the next rally will help market to break the swing high of 5652 and March towards 5740. Expiry is just 5 days ahead.

FII Derivative Data:

  • FII sold 5957 Contracts of Index Future, worth 102.69 cores  with net OI decreasing by 33817 contracts.
  • As Nifty Future was down by 41 points and Open Interest in Index Futures decreased by 33817, FII have done profit booking in shorts which they created on Tuesday and coupled with profit booking in longs in Nifty and Bank Nifty Future.
  • Nifty Spot closed at 5554.25, after opening gap down making low of 5537 near our support of 5527 as mentioned, rest of day was consolidating in the range of 5581-5550.As we have said before Consolidation will be name of game for few days and same is happening in market We also have a small gap from 5581-5600 which will be filled eventually.
  • Resistance for Nifty has come up to 5581 and 5602 which needs to be watched closely ,Support now exists at 5537 and 5520 .Trend is Buy on Dips till 5485 is not broken on closing basis.
  • Nifty Future September Open Interest is at 2.18 cores with a fresh addition of 2.4 Lakh in OI, shorts addition is seen in Nifty future.
  • Total F&O turnover was 1.26 lakh Cores with total contract traded at 1.93 lakh. PCR at 1.17 and VIX jumped to 18.62.
  • 5700 CE  is having highest Open Interest of 73 lakhs with addition of 2.5 lakhs in OI Calls were written at 5700 as premium came down from 21 to 10 in single session. .5600 CE Open Interest at 69 lakhs, with addition of 6.3 lakhs. Immediate resistance is at 5600 as per Open Interest table. 5200-5800 CE added 2.4 lakhs in Open Interest, Bears gaining some strength at higher levels.FII Options OI saw an reduction of 4.3 lakhs means big move is round the corner.
  • 5500 PE added 3.9 lakh in Open Interest total OI at 75 Lakhs, Bulls want to make  5500 as base for September Series.5600 PE saw an unwinding of 5.4 lakhs in Open Interest ,so puts written by bulls ran for cover today. 5200-5800 PE unwounded 8.8 lakhs in Open Interest bulls getting jittery at higher levels. Any close below 5554 on Nifty Spot will favor bears in extreme short term (This is what we discussed yesterday and todays close 5554.75
  • FII sold 73 cores and DII sold 331 cores in cash segment, INR closed at 54.38. FII sold 428 cores in Stock Futures.
  • Nifty Futures Trend Deciding level is 5542, Trend Changer at 5405 Nifty. (Above this Level Bulls will rule Nifty/Below this levels Bears have upper hand).
  • 5 DMA at 5555
  • 20 DMA at 5382
  • 50 DMA at 5306
  • 200 DMA at 5156
  • 5 Days Relative Strengthen Index at 68 and 14 Days Relative Strengthen Index at 67. Indicates Nifty placed in BULLISH Zone.

Nifty Support & Resistance:

Nifty Resistance at It has the First resistance close to the level 5577 and above the level marks the track point at 5600 later zipper levels at 5622 marks.

Support at It has the first support close to the level of 5533 and below this level mark next support is seen at 5511 later dipping levels near 5488 marks.

Nifty Future Momentum Call for 21 Sep’2012:

Buy above 5577 sl 5555 Tgt 5600-5622 {Or} Sell Below 5333 sl 5555 Tgt 5511-5488.

Bank Nifty Momentum Call for 21 Sep’2012:

Buy above 10977 sl 10933 Tgt 11066-11115 {Or} Sell below 10888 sl 110933 Tgt 10844-10800.