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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

Market Outlook: Nifty Levels for 27 JULY’2012

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The Bse Index Closes at 16640 down 206 or -1.22% and the Nifty shut shop at 5043 down 67 points from the previous close or -1.30%. The CNX Midcap index was down 2% while the BSE Small cap index lost 2.1%. The market breadth was negative with advances at 331 against declines of 1133 on the NSE.

Achilles’ heel in banking took its toll on the markets today with both benchmark indices closing with noteworthy losses. All sectoral indices closed in the red and along with banking, realty, capital goods, IT and metal, too, closed with substantial declines. Top Gainers in Yesterday Trade were Ambuja Cement, Ntpc, Bajaj-Auto and Grasim Industries & Losers were Pnb, Dlf, Tata Power, and Tata Motors.

Stock Cipher:

  • Biocon Q1 cons net profit at Rs 79 cr vs Rs 70 cr (YoY); cons total revenue at Rs 593 cr vs Rs 443 cr (YoY).
  • JSW Ispat Steel Q4 net profit at Rs 478 cr vs loss of Rs 1130 cr (YoY); net sales at Rs 2,855 cr vs Rs 2,412 cr (YoY)HCL Tech Q4 net profit at Rs 854 cr vs Rs 603 cr (QoQ).
  • India Bulls Real Estate Q1FY13 (QoQ) revenue down 52% at Rs 214.6 cr vs 445.2 cr; PAT down 38% at Rs 37.7 cr vs 56 cr.
  • Raymond Q1FY13 Consolidated YoY Cons net loss of Rs 35 Cr vs profit of Rs 10.7 Cr; Cons income from operations at RS 867 cr.
  • Atul Q1FY13 YoY Net profit at Rs 37.5 Cr vs Rs 18.5 Cr; Net Sales at Rs 495 Cr vs Rs 404 Cr.
  • Orissa Minerals Development Company has merged Bisra Stone Lime with itself. It may also consider a bonus issue.
  • Lupin is planning to launch generic version of GSK’s USD 8 billion dry powder inhaler, Advair.
  • Reliance Media Works has got the nod to raise Rs 600 cr via rights issue.
  • SRF has agreed for Rs 42.9 cr capex in Dahej fluorinated specialty plant.
  • JSW Steel said that it will merge Ispat with itself once Ispat becomes profitable, reports PTI.
  • Apollo Hospitals has allotted 32.7 lakh warrants to promoters at Rs 476.46/share.
  • ITC Q1 PAT likely to grow 19% to Rs 1,581 cr.
  • BHEL Q1 net profit at Rs 921 cr; sales at Rs 8326.2 cr.
  • Thermax Q1 net profit at Rs 67.2 cr vs Rs 80 cr (YoY); net sales at Rs 973 cr vs Rs 1,044 cr (YoY).
  • Venus Remedies has got US patent for antibiotic product Potentox.
  • Bajaj Electricals Q1 net profit at Rs 12 cr vs Rs 11.1 cr (YoY); net sales at Rs 664 cr vs Rs 544 cr (YoY)
  • Subex has allotted 1.74 cr shares on FCCB (foreign currency convertible bonds) conversion to two Mauritius PE (private equity) funds.
  • Alstom India Q1 net profit at Rs 13 cr Vs Rs 6.3 cr (YoY); net sales at Rs 440 cr vs  Rs 279.6 cr (YoY)
  • Ambuja Cements Q2 net profit at Rs 469 cr vs Rs 347.5 cr (YoY); net sales at Rs 2,566 cr vs Rs 2,173 cr (YoY). EBITDA Margin at 28.2% Vs 26.8% (YoY)
  • Arvind Q1 cons net profit at Rs 32.4 Cr Vs rs 61 Cr (YoY); cons net sales at Rs 1,177 Cr Vs rs 1,190.2 Cr (YoY).
  • Rupee at close: Rupee ends at 55.52 to the dollar vs 56.16 on Wednesday.

Last Close at 5043 down 66 points, Last High at 5126 Low at 5032, Weekly High at 5527 and low at 5032 and 5 DMA at 5121, 20 DMA at 5232, 50 DMA at 5102 and 200 DMA at 5099.

5-Days Relative Strength Index at 16 and 14-Days Relative Strength Index at 36. It Indicates Nifty Placed in OVERSOLD precinct.

SENSEX {16,640}:

RESISTANCE: It has the First resistance close to the level 16960 & above the level marks the track point at 17280 later zooper level at 17600 marks.

SUPPORT:  It has the first support close to the level of 16462 & below this level mark next support is seen at 16284 later dipping level near 15964 marks.

NIFTY {5043}:

RESISTANCE: It has the First resistance close to the level 5066 & above the level marks the track point at 5111 later zooper level at 5133 marks.

SUPPORT:  It has the first support close to the level of 5022 & below this level mark next support is seen at 5000 later dipping level near 4977 marks.

Market Outlook: Nifty Levels for 05 JULY 2012

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The market traded range bound all the way through the day and closed with moderate gains. Metal and realty stocks were the biggest gainers in today’s session and capital goods, power and banking, too, made significant gains.

The Bse Index closes at 17463 up 37 points or +0.21% & Nifty closes at 5303, up 15 points from the previous close or +0.28%. CNX Midcap index was up 0.5% % and the BSE Small cap index was up 0.9%. The market breadth was positive with advances at 936 against declines of 513 on the NSE.

Today also consolidation going on. The level 5311-5333 seems to be good Resistance

Last Close at 5303 up 15 points, Last High at 5317 Low at 5273, Weekly High at 5317 and low at 5095 and 5 DMA at 5259, 20 DMA at 5144, 50 DMA at 5050 and 200 DMA at 5079

5-Days Relative Strength Index at 86 and 14-Days Relative Strength Index at 69. It Indicates Nifty Placed in Over Bought Zone.

RESISTANCE: It has the First resistance close to the level 5311 & above the level marks the track point at 5333 later zooper level at 5355 mark.

SUPPORT:  It has the first support close to the level of 5288 & below this level mark next support is seen at 5266 later dipping level near 5244 mark.

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Market Outlook: Nifty Levels for 22 JUNE 2012

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BSE SensexThe stock market closed with generous gains today with realty, banking, capital goods and power being the green leads. Oil & gas stocks lost significantly today and consumer durables & IT both closed negative.

The Bse Index closes at 17033 up 136 points or 0.80% & Nifty closes at 5165, up 45 points or 0.87% from the previous close. CNX Midcap index was up 1.2 % and the BSE Small cap index was up 0.8%. The market breadth was positive with advances at 912 against declines of 498 on the NSE.

Last Close at 5165 Up 45 Points, Last High at 5170 Low at 5093, Weekly High at 5190 and low at 5015 and 5 DMA at 5119, 20 DMA at 50197, 50 DMA at 5061 and 200 DMA at 5072

5-Days Relative Strength Index at 69 and 14-Days Relative Strength Index at 60. It Indicates Nifty Moving In cheerful sector.

RESISTANCE: It has the First resistance close to the level 5177 & above the level marks the track point at 5199 later zooper level at 5222 mark.

SUPPORT:  It has the first support close to the level of 5133 & below this level mark next support is seen at 5111 later dipping level near 5088 mark.