Nifty Kamikaze on Road and Options Trading Tips - PowerPoint PPT Presentation

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Nifty Kamikaze on Road and Options Trading Tips

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Indian Options Trading stock market rose for a second successive session on Tuesday to mark their uppermost close in a week like blue-chips such as Reliance Industries achieve after foreign investors snapped a 5-day selling vein in index futures – PowerPoint PPT presentation

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Title: Nifty Kamikaze on Road and Options Trading Tips


1
Nifty Kamikaze on Road and Options Trading Tips
Indian Options Trading stock market rose
for a second successive session on Tuesday
to mark their uppermost close in a week
like blue-chips such as Reliance Industries
achieve after foreign investors snapped a
5-day selling vein in index futures. The
Bombay Stock Exchange Sensex closes at 22509
were up by 64 points or gained by 0.28 percent
where BSE Midcap index rose 0.31 percent while
BSE Smallcap gained 0.46 percent today intraday
trade. Sensex Major Resistance on Upside at
22592-22674-22756 Sensex Major Support on
Downside at 22437-22364-22282 Trend Deciding
Level at 22519 Nifty Index Major Resistance on
Upside at 6741-6766-6790 Nifty Index Major
Support on Downside at 6694-6672-6647 Trend
Deciding Level at 6719 Major Headlines Suzlon
Group signs agmt to supply up to 47 WTGs with
PowerWorks, US Punj Lloyd wins EPC order worth
Rs 1270 cr in Yemen NALCO block deal 23.5 lakh
shares exchanged on NSE at Rs 39.50/share
Hindustan Organic Chemicals board to consider
sale of land at Panvel, Mumbai Berger Paints
hikes decorative paint prices by 1 Wipro signs
partnership with US-based co. AxiomSL for Fin
Services HDFC 04 Net Profit at Rs 1,723 cr Vs
Rs 1,555 cr (Y0Y) Nestle block deal 3.38 lakh
shares exchanged on NSE at Rs 4,710/sh Swaraj
Engines board recommended an equity dividend of
150 (Rs. 15/sh) Results on Wednesday were Iupin,
Syndicate Bank, Allahabad Bank Nifty
Indices Nifty formed a star in the intraday
trading session, in this manner enduring to
trade in the 6750 to 6650 range. In Nifty
Japanese candlesticks twisted in the last
couple of trading sessions clearly show that
the fight between bulls and bears has been
relatively strong. The index prolong to trade
between the levels 6750-6650, ie the
Twenty-day moving average DMA and the
Forty-day exponential moving average. In
burden so, the Nifty has created a triangular
mold on its hourly chart and trading
within this range is almost like a suicide
attack, ie Kamikaze. Now, till Nifty doesnt
break the 6650 level, we shall uphold our
short-term bias up as there exist a probability
of formation of wave four following which wave
five up will ensue. Hence, traders have a good
peril/prize ratio. The mean of the Bollinger
band has been stand-in like a brawny resistance,
so in order to gain more might, the Nifty has to
surpass and close above
2
its signify. Beneath 6650, the Nifty will
authenticate the wave III of C down which
has a minimum target of 6480-6450. In the
daily chart the index is trading between the
Twenty-Daily moving averages (DMA) and the
Forty-DMA, ie 6748 and 6625
correspondingly. The momentum pointer is
trading in negative mode with negative
deviation. In the hourly chart, the Nse
Nifty is trading between the Twenty-hourly
moving average (HMA) and the Forty-HMA, ie
6711 and 6728 correspondingly, which are vital
intra-day levels. The hourly impetus indicator
encompass turned positive. The market
duration was turned almost f alt with 746
advances and 739 declines on the National Stock
Exchange. Nifty Future Major Resistance on
Upside at 6773-6798-6823 Nifty Future Major
Support on Downside is at 6725-6702-6677 Trend
Deciding Level at 6750 Bank Nifty Major
Resistance on Upside at 13110-13154-13197 Bank
Nifty Major Support on Downside at
13012-12958-12914 Trend Deciding Level is at
13056 5 Daily Moving Average 6713 50 Daily Moving
Average _at_ 6534 200 Daily Moving Average 6132
5 Days Relative Strength Index 32 and 14 Days
Relative Strength Index NIFTY PLACED IN
TRADING ZONE, WITH BEARISH MOMENT.
52 INDICATES
Options Trading Tips Buy Nifty Fut May Intraday
above 6780 sl 6755 Tgt 6800-6825 Or Sell Below
6730 sl 6755 Tgt 6710-6685 Buy Bank Nifty May
Intraday above 13120 sl 13070 Tgt 13170-13225
Or Sell below 13020 sl 13070 Tgt
12970-12920 Curious Fact The first Tata Company
to be set up was Indian Hotels or the Taj at
Mumbai in 1903. TISCO was set up in 1907, Tata
Hydro Electric Power in 1910, Tata Oil Mills
in 1917, Tata Chemicals in 1932 and Tata Motors
in 1945..
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