Trading Range of Nifty

2650 to 2880

Higher level used to exit and play for short sell is a best strategy.

FO STRATEGY

Markets are slipped on slightly lower note on the expiry; Rise in inflation rate may be the one of the reason behind it. Market's opening was very good but as announcement of inflation data turns the market in to the negative trend. FII were the net buyers in index futures and index options while they were the net seller in stock future. Intense call writing was seen in Reliance 1290 call so we guess that 1290 will be the strong resistance. We have seen fresh short position in Gail, Bharti airtel and BHEL so we suggest they traders they can trade in these stocks with negative bias.

FII ACTIVITY:

The most active contracts in FII counter are DLF 170 put up by 344.44%, Cairn 170 put up by 318%, Renuka 80 call up by 306%, and Cairn 160 put up by 240%. Total NET BUY / SELL VALUE in the FII's counter is following - In Index future it is 1138CR, In Index Option it is 425CR, in Stock future it is -184CR & in stock options 17.83CR.

NIFTY PCR STRATEGY:

Nifty PCR level becomes 1.28 level. Higher level PCR levels were seen in Tata power 167.13, Maruti 69, Ivrcl infra 36, HDFC Bank 13.78, and Gail 12.71. While lower PCR was seen in Rpower 0.65, Rolta 0.67, Reliance 0.68, Nalco 0.65 and Icici bank 0.88. Highest call activity was seen in 2800 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

Sell, Sell..Sell

Today resistance 2813

NIFTY :

WEEKLY:
Weekly trend decider is 2736 resistance is 2810 2943 and support is 2604 2529.

Today major support 2760-2780 range, higher level resistance 2830 2850.

BSE:

WEEKLY:
Weekly trend decider is 8905 resistance is 9178 9683 and support is 8400 8126.

Higher level major resistance zone 9410-9420 range. Down side support 9160, break and trade below, short term weakness, higher level resistance 9400, hold above think positive bias in the market

CNX IT :

WEEKLY:
Weekly trend decider is 2104 resistance is 2162 2258 and support is 2008 1950.

Break and trade below 2200, short term weakness, higher level resistance 2225.

BANK NIFTY :

WEEKLY:
Weekly trend decider is 4251resistance is 4453 4823 and support is 3881 3679.

Today support 4300, below weakness continue, higher level resistance 4395

DOW :

Below 8000, non stop target 7450. Higher level resistance 8500, major up move only above that level.

RELIANCE CAPITAL:

WEEKLY: Weekly trend decider is 400 resistance is 425 469 and support is 356 332.

Today support 375 break and trade below close your long position, higher level resistance 410,425.

ONGC:

WEEKLY: Weekly trend decider is 654 resistance is 671 695 and support is 629 612.

Higher level sell only... with consider resistance 650-660.

SUZLON ENERGY:.

WEEKLY: Weekly trend decider is 50.5 resistance is 53 58 and support is 46 42.

On rise sell... remain below 45, likely test 40 mark.

UNITECH:

WEEKLY: Weekly trend decider is 29 resistance is 31 35 and support is 24 22.

Higher level major resistance 35 and sell this stock

JP ASSOCIATES:

WEEKLY: Weekly trend decider is 64 resistance is 70 76 and support is 56 51.

Decline. or dip buying strategy is a best strategy. Above 70 target 74 likely

HINDALCO:

WEEKLY: Weekly trend decider is 42 resistance is 45 48 and support is 38 36.

Higher level two resistance 48, 51,