| CMP |
5471.80
|
| Nifty Range |
5148 to 5787
|
| Pivot Point |
5373
|
| Turning Points |
5528/5360
|
| Positive Above |
5585
|
| Negative Below |
5359
|
| Bull Turning Point |
5697
|
| Bear Turning Point |
5246
|
Nifty has closed (5471.80) well above Weekly Pivot Point (5373).
Nifty has immediate Resistance at 5498 and then at 5509. Nifty must cross 5526 and stay above 5545 on Closing Basis to continue its Up-move. If Nifty manages to cross and decisively close above 5556, it may go up to 5580 – 5605 – 5621 – 5643 - 5663. Further Up-move Levels will be 5684 – 5701 – 5715 - 5736.
Nifty has immediate Support at 5457 and then at 5433. If Nifty breaches 5419, it may go down to 5402 – 5381. Nifty will get weak below 5351 and may go down to 5323 – 5306 – 5289 – 5272 – 5255. Further Down-move Levels will be 5227 – 5203 – 5183 – 5166 – 5149.
Moving Averages
Average
|
20 Days
|
50 Days
|
100 Days
|
200 Days
|
SMA
|
5509
|
5714
|
5815
|
5836
|
EMA
|
5514
|
5666
|
5748
|
5740
|
General Out-Look
Nifty Trend looks to be sideways. Global Cues are Mixed. Nifty may continue its Upmove if it manages to HOLD above 5526 on Closing Basis, crosses 5545 and stays above 5556. The Upmove will be up to 5580 – 5605 – 5621 – 5643 – 5663. On the other hand if it HOLDS below 5419, breaches 5402 and trades below 5381, it is likely to be dragged down to 5351 – 5323 – 5306 – 5289 – 5272 – 5255.
Factors of Concern/Major Events
1. Domestic and Global News/Cues (Especially from European and U.S. Markets).
2. Status of Rupee versus Dollar. Rupee depreciated to lowest 68+ but recovered subsequently to 65+, on Saturday, 31-8-13.
3. Impact of decreased G.D.P.
4. FII’s and DII’s Buying/Selling volume during first week of SEP-13.
5. Impact of U.S./Syria crisis.
6. FED Meeting on 18-9-13.
7. Convention of RBI Meeting by New Governor after FED Meeting.
My System Calls: EOD Review On 30-Aug-2013
1) Levels to watch are 5520.12 and 5393.38
2) Sell Below 5351.87 SL 5382.87 TGT 5305.08, 5254.16
3) Buy Above 5413.87 SL 5382.87 TGT 5520.12, 5558.58, 5634.41
4) Supports/Resistances to Watch For :-
5254.16
5305.08
5380.91
5431.83
5507.66
5558.58
5634.41
Camarilla Calls:
1) Sell Below 5387.04 SL 5421.89 TGT 5307.84, 5277.42
2) Sell Below 5491.61 SL 5526.46 TGT 5468.37, 5445.13, 5421.89
3) Buy Above 5421.89 SL 5387.04 TGT 5445.13, 5468.37, 5491.61
4) Buy Above 5526.46 SL 5491.61 TGT 5561.34
BANKNIFTY : Levels to watch are 9233.1 and 8897.1
USDINR-1 : Levels to watch are 67.41 and 66.01
RELIANCE : Levels to watch are 868.42 and 839.77
SBIN : Levels to watch are 1544.3 and 1489.4
ARVIND : Levels to watch are 81.25 and 77.55 - Bias for Long Side Trade
BPCL : Levels to watch are 271.22 and 256.38 - Bias for Short Side Trade
CIPLA : Levels to watch are 430.98 and 406.23 - Bias for Long Side Trade
HDFC : Levels to watch are 736.55 and 707.25 - Bias for Long Side Trade
HEXAWARE : Levels to watch are 130.55 and 128.45 - Bias for Long Side Trade
Nifty Options Data:
Highest OI : NIFTY5300PE NIFTY5500CE
Highest Rise in OI : NIFTY4500PE NIFTY5400CE
Highest Fall in OI : NIFTY5200PE NIFTY5500CE
Highest Volume : NIFTY5200PE NIFTY5500CE
FII/DII Figures:
FII Cash Net = -78.85
FII F&O Net = 1345.12
FII F&O OI = 80032.56
DII Cash Net = 731.07
Long Build Up
Short Covering: INFY, ONGC, RELIANCE, ITC, BHARTIARTL
Short Build Up: IDFC, FINANTECH, AXISBANK
Long Unwinding: UNIPHOS, TATAPOWER, POWERGRID, NTPC, ADANIPOWER
Volume Shockers (Futures) :
FINANTECH
Swing Trading (Futures):
1. JINDALSTEL Sell Below 222.46
2. BAJAJ-AUTO Buy Above 1808.1
3. RCOM Buy Above 121.6
4. LUPIN Buy Above 809.83
5. KOTAKBANK Buy Above 638.28
5 Best Performing Stocks since Expiry:
KGL, RCF, GUJFLUORO, UTTAMSTL, M&MFIN
5 Worst Performing Stocks since Expiry:
FINANTECH, JINDALSTEL, ADANIENT, ELDERPHARM, JISLJALEQS
Position as per Trade with Trend :
BANKNIFTY Bought at 9011.77 StopLoss 8648.93
NIFTY Hold Long taken at 5423.42 On 29-08-2013 StopLoss 5254.18 | Profit so far 33.33
RELIANCE Hold Long taken at 823.93 On 29-08-2013 StopLoss 802.3 | Profit so far 30.17
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