HIGHER MARKET IN LINE WITH WORLD MARKET..AS POSITIVE REPORTS COMING FROM EUROPEAN UNION SUMMIT...WHICH HAS RESULTED IN HUGE JUMP IN DOW FUT BY 100 POINTS...DAX FUT UP 100 , FTSE FUT UP 90 SO WHOLE EUROPE IN CELEBRATION MOOD......NOW FOR TODAY

5260 NF WILL ACT AS FIRST HURDLE OF BULLS....ON FALLS...5210 NF LAST HOPE SUPPORT OF BULLS

ONLY BREAKING THIS RANGE WILL SET FURTHER MOVES FROM BULLS OR BEARS

NOTE ..AS TODAY'S RALLY IS ONLY CENTERED FROM EUROPE...SO HOW EUROPE OPEN AND TRAD..AT 12-30.. 

WILL DETERMINE MOVES OF MARKET.....WATCH

OPTIONS UPDATE AT 2 PM..( 20-6-2012 )

BULLS SINCE MORNING IS SELLING HEAVY NIFTY 5000 PUTS...AND OUTSTANDING IN IT HAS CROSSED 85-00 LACS..... MEANS WITH 6 TRADING DAYS IN THIS SETTLEMENT...BULLS OPENING THERE CARD THAT THEY WILL FIGHT ANY FALL NEAR 5000 NF

ON OTHER SIDE..BEARS ARE HEAVILY SHORTING NIFTY 5200 CALLS..WHERE OUTSTANDING HAS REACHED 75 LAC LEVELS...AND BULLS STILL HAVE TO MAKE ANY BIG OUTSTANDING AT 5200 PUTS...WHICH MEANS BULLS...FEEL EXPIRY CAN BE BELOW 5200 NF

AT 5100 LEVEL THERE IS REAL FIGHT GOING ON WHICH WE EXPECTED IN THE MORNING AND WE GAVE YOU TODAY RANGE OF NF ALSO...30 POINTS LOWER AND 30 POINTS HIGHER TO 5100 NF AND YOU ALL ARE SEEING MARKET STICKING TO THAT RANGE
SINCE MORNING WHILE BULLS ARE SHORTING 5100 PUTS..BEARS ARE SHORTING 5100 CALLS AND OUTSTANDING AT BOTH..5100 CALL HAS OUTSTANDING OF 65 LAC AND PUT HAS OUTSTANDING OF 50 LAC WHICH MEANS IT IS OPERATORS PLAY GOING ON AND TODAY THEY HAVE MADE POSITIONS ..JUST TO EAT PREMIUM OF 5100 CALL + PUT COMBINED..BUT AS TODAY 5100 PUTS ARE BEING MORE SHORTED AS COMPARED WITH CALLS..SO TODAY BULLS WILL NOT LET MARKET BREAK 5100 NF WITH EASE AND WILL SUPPORT THAT LEVEL.....WATCH

TODAY WE HAVE CRUCIAL FED MEET.....THOUGH EXPECTED IS NO CHANGE IN RATES...AS FED HAS SAID NO CHANGE TILL 2014

BUT EYES WILL BE ON ...QE-3...AND ...LANGUAGE OF FED ON WORLD ECONOMY AND EFFECT OF OTHER MEASURES TAKEN BY FED IN LAST MONTH

IF QE-3 COMES...IT WILL BE ZOOM FOR GOLD AND SILVER..AND STOCK MARKET WILL BE BULLISH ....SO KEEP CLOSE EYE ON IT...WATCH

FLAT MARKET IN LINE WITH REST OF ASIAN MARKETS....AS WORLD WAIT TODAY FED DECISION......NOW FOR TODAY

5130 NF WILL ACT AS FIRST HURDLE OF BULLS....ON FALLS....5070 NF LAST HOPE SUPPORT OF BULLS

ONLY BREAKING THIS RANGE WILL SET FURTHER MOVES FROM BULLS OR BEARS.....WATCH

HIGHER MARKET IN LINE WITH REST OF ASIAN MARKET...AS GREEK ELECTIONS GAVE +VE RESULTS AND NEW DEMOCRATIC PARTY WHICH WON IT FAVOURS REMAINING IN EURO ZONE...WHICH EFFECT IS BEING SEEN IN ALL EUROPEAN FUTURES TRADING HIGHER...BUT HERE WE HAVE CREDIT POLICY TODAY SO EYES WILL BE ON DOMESTIC EVENT FIRST
NOW FOR TODAY

5200 NF WILL ACT AS FIRST HURDLE OF BULLS...ON FALLS...5150 NF BULLS SUPPORT

ONLY BREAKING THIS RANGE WILL SET FURTHER MOVES FROM BULLS OR BEARS.....WATCH

ON MONDAY...18 JUNE .. 

WE HAVE..EFFECT OF GREECE ELECTIONS RESULT WHICH WILL BE HELD ON 17 JUNE
WE HAVE CREDIT POLICY
BY THEN WE CAN KNOW FULLY ABOUT NEXT PRESIDENT CANDIDATE

SO CRUCIAL EVENTS AHEAD...PLAY SAFE AND PLAY LIGHT ON WEEKEND...THOSE WHO WANT TO TRADE...BEST WILL BE OPTIONS ROUTE...WATCH

Market update On 15th June 2012

HIGHER MARKET IN LINE WITH REST OF ASIAN MARKET WITH BIG RISE SEEN LAST NIGHT IN DOW....NOW FOR TODAY

5110 NF WILL ACT AS FIRST HURDLE OF BULLS....ON FALLS...5050 NF LAST HOPE SUPPORT OF BULLS

ONLY BREAKING THIS RANGE WILL SET FURTHER MOVES FROM BULLS OR BEARS

EYES WILL BE ON POLITICS OVER PRESIDENT ELECTION
ADVANCE TAX NUMBERS WHICH WILL COME TODAY WILL DETERMINE HOW COMPANIES PERFORMED LAST QUARTER

Market Update on 14 June 2012

FLAT MARKET IN LINE WITH REST OF WORLD....BUT AS WE HAVE INFLATION FIGURES TODAY ..WHICH WILL DETERMINE CREDIT POLICY ON MONDAY 18 JUNE..SO EYES ON IT........NOW FOR TODAY

5090 NF WILL ACT AS LAST HOPE SUPPORT OF BULLS....ON BOUNCE 5140 NF....BULLS FIRST HURDLE

SAME RANGE WHICH MARKET REMAINED STRUCK FULL DAY YESTERDAY AND NEITHER BULLS NOT BEARS WERE ABLE TO BREAK IT WHOLE DAY....NOW UNLESS THEY BREAK IT...NO FURTHER POWER FROM BULLS OR BEARS.....WATCH

JUST 2 LEVELS KEEP AN EYE ON....5060 NF..WHICH IS 200 DMA...AND ...5190 NF..WHICH IS 100 DMA

ONCE MARKET BREAKS ...5060 NF ONLY THEN MORE PRESSURE WILL COME ON BULLS...AND ONCE ...5190 NF IS CROSSED IT WILL BE BIG PANIC FOR BEARS TO COVER THERE SHORTS....WATCH

GOVT might increase..duty of rs 80,000 on diesel cars...daily being flashed in media...has set deisel cars huge demand and ...resulted in cars selling at premium of rs 30,000---to ---40,000 as long waiting list of around 9 months..this reminds of early days of maruti in 1987--1992..when waiting list use to be of more than 1 year and premium of rs 1 lac on those days....

seems media is being manupulated by car manufacturers to premium from indian consumers...watch

WEEKLY MARKET UPDATE AS ON MONDAY 11 th JUNE 2012

NIFTY - (5068)

Our last weekly update was off the mark and our bear stop loss of 5000 on a closing basis has got trigerred. In the last week NIFTY  appears to have made a double bottom around 4770 mark and has then posted a strong rally to 5085 on good volumes and closed  the week at 5068. NIFTY has closed above 5000 and has also hit our bear stop loss, which means we can expect more upmove in the near  future. In the current week NIFTY opens on a strong note. As long as the NIFTY continues to trade above 5050, it will trade with a bullish  undertone and we can expect the NIFTY to hit higher targets of 5144 - 5173 - 5284. If the NIFTY breaks below 5050, it will mean the  uptrend from the low of 4700 is over and then NIFTY can be expected to trade with a sideways or negative bias. It will then have  supports @ 4995 - 4957 - 4913. How the NIFTY trends after making an intermediate high and on breaking of 5050 will determine its future. If the NIFTY does not break  below 4900 and trades in 5150 - 4950 range, it will have bullish implications after the correction. On the other hand if the NIFTY after  breaking 5050, goes ahead and also breaks 4770, it will have bearish implications. As in the current week we have many important events  like IIP data & RBI policy on the domestic front and the Greece elections on the international front, how the NIFTY trades this week  should be extremely crucial.  Ideally look if the NIFTY posts an important high in the resistance area of around 5144 - 5175 by tuesday and then breaks the low of  monday (5095) as of now, These could be the first sign that NIFTY is entering into a corrective phase. As our bear stop loss has been hit,  we would be bullish at lower levels after a 2/3 day corrective fall.

Market Update On 11th june 2012

HIGHER MARKET IN LINE WITH REST OF ASIAN MARKET..WHICH ARE TRADING HIGHER BY 2%....ON BACK OF SPAIN BEING GIVEN PACKAGE OF $125 BILLION..WHICH HAS BROUGHT RESPITE TO ENTIRE EUROPE WHERE FUTURES ARE TRADING HIGHER BY 2%.....NOW FOR TODAY

5140 NF WILL ACT AS FIRST HURDLE OF BULLS....ON FALLS...5080 NF WILL ACT AS BULLS SUPPORT

ONLY BREAKING THIS RANGE WILL SET FURTHER MOVES FROM BULLS OR BEARS...WATCH

RBI DEPUTY GOVERNOR

WHICH SET THE FIRE IN MARKET 4-5 DAYS BACK BY HINTING RATE CUT

HAS TODAY SAID RATE CUT ONLY POSSIBLE IF...INFLATION WILL COME DOWN...AND ALL KNOW THIS MONTH INFLATION HAS TO RISE DUE TO PETROL HIKE

SO PRESSURE COMING ON BANKING STOCK WHICH HAD RALLIED A LOT ON HOPES OF INTEREST RATE CUTS.....WATCH

Option Update:

 WE GAVE YOU NF RANGE OF 4970 NF--TO---5030 NF..IN THE MORNING AND LOW 4990 NF AND HIGH OF 5015 NF..

.IT IS CLEAR FIGHT OF 5000 NF GOING BETWEEN BULLS AND BEARS...LOOKING AT OPTIONS BUILDUP SINCE MORNING...BULLS ARE SHORTING HEAVY NIFTY 5000 PUTS ..THOUGH BEARS ARE ALSO SHORTING 5000 CALLS...
BUT BULLS ARE SHORTING 5000 PUTS TWICE TODAY WHAT BEARS ARE SHORTING...MEANS BULLS FEEL DOWNSIDE OF MARKET IS LIMITED AND THEY WILL FIGHT TO SAVE 4970 NF SUPPORT...

REST WILL DEPEND UPON HOW EUROPE OPENS AND TRADE...BUT AT THE MOMENT BULLS ARE SHOWING THERE CARDS OPEN...WATCH

Market Update on 8 th June2012

 LITTLE WEAK MARKET IN LINE WITH REST OF ASIAN MARKET....NOW FOR TODAY

4970 NF WILL ACT AS LAST HOPE SUPPORT OF BULLS......ON BOUNCE...5030 NF..FIRST HURDLE OF BULLS

SAME RANGE WHICH WE GAVE YOU YESTERDAY AND NEITHER BULLS NOR BEARS WERE ABLE TO BREAK IT WHOLE DAY..SO FOR TODAY IT WILL BE DAY -2 TO FIGHT FOR THIS RANGE...ONLY BREAKING THIS RANGE WILL SET FURTHER MOVES FROM BULLS OR BEARS....WATCH

Market Update of 7th may 2112

 HIGHER MARKET ON EXPECTED LINES AND IN LINE WITH OTHER ASIAN MARKETS....with dow futures up 30 but other asian markets are falling from highs of day that can be some pressure ....NOW FOR TODAY

4970 NF WILL ACT AS LAST HOPE SUPPORT OF BULLS...ON BOUNCE....5030 NF ..FIRST HURDLE OF BULLS

ONLY BREAKING THIS RANGE WILL SET FURTHER MOVES FROM BULLS OR BEARS.....WATCH

WEEKLY MARKET UPDATE AS ON MONDAY 4 th JUNE 2012

Our last weekly update was not precisely as the NIFTY moved. However after the NIFTY hit a weekly high of 5020 0n tuesday and fell to 4975, we had informed all clients that if the NIFTY has made an intermediate high of 5020 it was likely to fall and break 4812 before monday the 4th of June. Accordingly now on 4th June NIFTY has broken the 4812 and is trading @ 4790, which confirms that the NIFTY has made an intermediate high of 5020 and has started a fresh new fall. In the month of June as the NIFTY has commenced a new fall, the targets for the month of June are upto 4682 - 4525. Once the NIFTY closes below 4682 before 15th June, we can then expect a target of 4525 by end of June. In the current week NIFTY has support @ 4783 - 722 - 4680 - 4600. Resistance on the upside can be expected @ 4880 - 4925 - 5000. Ideally on Monday the NIFTY appears to be holding the morning low of 4770. If these lows are held, expect a slow and small trading bounce to 4850 - 4880 over the next few days . It is also possible that the NIFTY trades in a small range of 4770 - 4850 for the next 2 days, before commencing a fresh fall on the downside. Traders should use this small trading bounce to initiate shorts at higher levels of 4850 + with a stop loss of 5000 on a closing basis. NIFTY can then be expected to hit its first target of 4682 before 15th June. Sell on 1/2 rally remains the trading strategy.