IT SEEMS THAT NIFTY DANCING TO THE GLOBAL TUNES WHICH IS NOW TUNED WITH PANIC SONGS FROM EURO CRISIS, OVERHEATED CHINA ETC. TWO FIRM CLOSE ABOVE 5222 ON A CONSECUTIVE DAY IS NEEDED TO CONFIRM THAT WE ARE IN SAFE POSITION. BUT THE ZONE BETWEEN 5189(20DMA) TO 5219(50DMA) FORMED A BIG RESISTANCE. BREAKING THIS RESISTANCE WILL NOT GOING TO BE HAPPENED THIS WEEK.
NIFTY NOW MOVING WITH PASSION TO KISS 4950 AND 4920. SMART BEARS ENTER INTO MARKET WITH EVERY RISE OF 100 POINTS. UNLIKE OTHER MONTHS, OPTION WRITERS ARE LOOSING MONEY THIS MONTH.
IF NIFTY CLOSE BELOW 4980 WITH VOLUMES THEN WE MAY SEE 4778 (MINOR SUPPORT) AND 4691 (GOOD SUPPORT).
Bank of Rajasthan was locked at 20% upper circuit on buzz of takeover/merged with ICICI Bank.
L&T has announced a bumper quarterly result.
FOR INTRADAY ONLY:: It has also noticed that Put writers are still holding the Open Interest Positions of 5000PE without unwinding their positions. We may see a huge volatility in coming days.
BUY NIFTY FUTURE AROUND 4980 WITH STRICT STOPLOSS OF 4961 FOR A TARGET OF 5022 AND 5068.
BUY NIFTY FUTURE AROUND 4955 WITH STRICT STOPLOSS OF 4948. TARGET WILL BE GIVEN LATER. IF YOU GET THIS PRICE, YOU MAY CARRY FORWARD YOUR POSITION IN NIFTY FOR TILL NEXT WEEK OR EXPIRY SUBJECT TO CONDITION THAT YOUR STOPLOSS MAY NOT HITS.
SELL NIFTY FUTURE AROUND 5077 WITH STRICT STOPLOSS OF 5100 FOR A TARGET OF 5025 AND 4998.
BUY NIFTY 5100PE ABOVE/AROUND 79.10 WITH A STRICT STOPLOSS OF 64 FOR A TARGET OF 89-107-120.
BUY BHARTI 280CA ABOVE 2.55 WITH A STRICT STOPLOSS OF 2.15 FOR A TARGET OF 3.35-3.70-4.40.
BUY ICICIBANK 880PA ABOVE 11.75 WITH STRICT STOPLOSS OF 9.75 FOR A TARGET 14.90-18.
BUY RELIANCE 1020CA ABOVE 16.35 WITH STRICT STOPLOSS OF 13.85 FOR A TARGET OF 21-24.45.
BUY RELIANCE 1020PA ABOVE/AROUND 13.85 WITH STRICT STOPLOSS OF 10.80 FOR A TARGET OF 21-24.
BUY SUZLON 65CA ABOVE/AROUND 1.20 WITH STRICT STOPLOSS OF 1-05 FOR A TARGET OF 1.55-1.75.
Disclaimer:: I have no long position. I may trade on these purely on intraday basis. Intraday trading is very risky. Traders/Investors are advised to trade as per their risk taking apetite.
