Trading Range of Nifty

2800 - 3150

Break down trading range -

No buying please ... Sell Only.

Nifty Future

Weekly Analysis

Views of Nifty Future :
Nifty future remain inside a trading range and hold the major support level 2800. For smooth run of it must cross and close above 3150-3250 range thereafter it will be able to reach 3550-3600 range but at present market conditions chances are very remote.

On the other hand this down trend will be accelerated when the Nifty break and trade below 2800. Overall pictures of Nfty Future are gloomy and pounters/smart traders/operators/FIIs are convincingly hold their views of negative side which clearly indicate option data.

On a option side, heavy call writing were seen at 3000-3100-3300 strike which further confirmed that traders may not be confidence of a further rally. Interestingly 2900 puts also witnessed sharp drop in open interest which indicate profit booking by put buyers and they are shifting their position at lower band like 2700 and 2800 saw sharp accumulation in open interest position. Consider trading range 2800 to 3150, down side break and close below 2800 confirmation of weakness and play for short sell is a best strategy. Below 2800, non stop target 2600 thereafter the possibility of falling again to its October lows of about 2250. Our Strategy : Short side .

EXPERTS COMMENTS

Indian market remained weak through out the trading day. Strong selling pressure seen from higher levels despite better then the expected IIP data. The most under performance sectors were IT, Realty, Capital goods and banking sectors. If we see the nifty call put figures then the highest put buying was seen in 2700 put so we can conclude that it becomes the strong support of nifty. If we see the FII figure then Highest put buying was seen in Wipro, ONGC, Reliance capital and SBI so we can suggest the investors that they can trade with negative trend. We have seen the fresh short position has been formed in Renuka, Ibull realstate, Rcom and Axis bank so we suggest participants they can trade in these stocks with negative trade.

FII ACTIVITY

The most active contracts in FII counter are Hindustan lever 290 call up by 333%, SBIN 990 put up by 240%, Rel capital 400 put up by 204%, and ONGC 720 put up by 190%. Total NET BUY / SELL VALUE in the FII's counter is following - In Index future it is -666CR, In Index Option it is 63CR, in Stock future it is -7.2CR & in stock options 7.7CR.

NIFTY PCR STRATEGY:

Nifty PCR level becomes 1.01 level. Higher level PCR levels were seen in Wipro 4.37, M&M 1.88, Bank nifty 1.67, BPCL 1.67, and Ivrcl infra 1.50. While lower PCR was seen in HDFC 0.85, LT 0.87, HDFC 0.85, ONGC 0.90 and BHEL 0.98. Highest call activity was seen in 3000 and 2900 call while highest put activity was seen in 2700 and 2800 put.

Always Remember :

1.   The World did not stop lending, servicing & consuming, it moved on.

2.   Turmoil in stock market excellent buying opportunity for long term investors. (Expected return 100 to 300-500 percent in 12 to 36 months)

NIFTY FUTURE + BANK NIFTY +CNX IT

: Nifty Future :

Below 2800 target 2600 mark.

NIFTY :

Monthly: Trend decider is 2881 and resistance is 3187 and 3416 and support is 2653 and 2347.

Weekly: Trend decider is 2942, resistance is 3074 3278 and support is 2738 2606.

Hold strong resistance 3150 - Today 2800-2830, down side break and trade 2750, likely test 2700-2680

BSE :

Weekly:
Weekly trend decider 9709, higher level resistance 10167 10928, down side support 8948 8490.

Consider support 9162 break down likely panic on the card.

Today resistance 9170, down side support exit 9000, thereafter target 8800 or below.

CNX IT :

Weekly:
Weekly trend decider 2222, higher level resistance 2331 2467, down side support 2086 1976.

On rise sell... close watch the result of Infosys on 13^th Jan and decide your trend.

BANK NIFTY :

Weekly:
Weekly trend decider 5061, higher level resistance 5275 5659, down side support 4677 4464.

Sell and Sell - SBI, ICICI Bank, Bank of India, Bank of Baroda, Axis are looking bearish....

DOW :

Above 9000 over all positive and target 9500-9600, close below 8000, panic in the USA market and expected very bad news.

RELIANCE:

Monthly: Monthly trend decider is 1224 resistance is 1415 1597 and support is 1042 and 851.

Weekly: Trend decider is 1209, resistance is 1325 1506 and support is 1029 913.

Higher level resistance 1110-1130, down side watch the support level 1080 and sustained below volume non stop target 1020.

RELIANCE CAPITAL:

Monthly: Trend decider is 514 resistance is 620 703 and support is 431 325.

Weekly:
Trend decider is 520, resistance is 578 684 and support is 414 356.

Today resistance 453, downside below 425, non stop target 405-400, thereafter more weakness.

RNRL:

Monthly: Trend decider is 52.4, resistance is 66 74 while support is 44 30.

Weekly:
Weekly trend decider 54, higher level resistance 62 74, down side support 42 33.

Looks good but it will face resistance 56-57 whereas excellent selling opportunity. Please do not trap at higher level.

GMR INFRA:

Monthly:
Trend decider is 69, resistance is 87 95 and

support is 60 43.

Weekly:
Trend decider is 72, resistance is 82 97 and support is 57 47.

Today resistance 76-80 range and excellent opportunity for

short sell...

BANK OF INDIA:

Monthly: Trend decider is 275 , resistance is 322 357 and support is 240 193.

Weekly:
Trend decider is 288, resistance is 302 322 and

support is 268 255.

Today resistance 269, down side break 258, likely target

248 or below. Looks hot sell.

SBI:

Monthly: Trend decider is 1203, resistance is 1411 1532 and support is 1083 875.

Weekly:
Trend decider is 1263, resistance is 1349 1475 and

support is 1137 1051.

Yesterday broken support level 1180 and touch 1100 non

stop. Today On rise up to sell 1170-1180 with stop loss

1120, down side target 1150-1130-1100 mark.

INFOSYS:

Monthly: Trend decider is 1160, resistance is 1255 1393 and support is 1021 926.

Weekly:
Trend decider is 1198, resistance is 1257 1325 and

support is 1130 1072.

Above 1300 non stop target 1450. Today close eye this stock. Higher level resistance 1200-1220, down side below 1140 further weakness and likely test 1050.

LANCO

Monthly: Trend decider is 146 , resistance is 184 213 and support is 117 78.

Weekly:
Trend decider is 128, resistance is 158 209 and

support is 78 47.

Today resistance 115, down side below 108 open quantity sell.