Trading Strategy for 30 April 2014

Yesterday’s Performance:

1.     Nifty Fut. achieved the target of 6745, Sell at 6781.

2.     Bank Nifty Fut. achieved the target of 12996, sell at 13042.

3.     Reliance Capital achieved the target of 381, bought at 378.50.

4.     Tata Steel Fut. achieved and free fall up to 407, Sell at 430.

There is a Selling in Index Future and Stock Future more than One Thousand Crores by FII’s. FII continue it’s selling in Index and Stock Futures. FII continues its buying cash market for a long term view. So in long term there is a bull market. There is a higher open interest in Nifty 7000 Call & 6500 Put. Today also may be volatile day. Market may remain choppy move in coming days. In view of election result market range is expended i.e. 7000-6500.

INDEX MOMENTUM

NIFTY FUTURE                    : In Intraday, better to buy Nifty Fut. above 6793 for the target of 6812- 6840 with SL 6776, sell below 6749 for the Target of 6735-6689 with SL 6766.

BANK NIFTY FUTURE        : In Intraday, Better to buy Bank Nifty May Fut. above 13083 for the target of 13151 with SL 13037, sell below 12986 for the target of 12948-12935-12836 with SL 13031.

STOCK MOMENTUM:

1.      RELIANCE CAPITAL MAY’14 FUT SELL BELOW 373.50 TG 370-367.50 SL 378.

2.      BANK OF BARODA SELL BELOW 811, TG 799 SL 327.

DAILY TREND (Nifty Future May’14 Series)	SYMBOL	VALUE	DIRECTION	ACTION	CONCLUSION
	5Hrs BB Middle	6848	DOWN	SELL	TOTAL BUY	TOTAL SELL
	DAILY MA (10)	6826	DOWN	SELL	0	9
	DAILY BB Middle	6804	DOWN	SELL	STRONG SELL
	DAILY EMA 10	6773	DOWN	SELL
	DAILY EMA 20	6793	DOWN	SELL
	DAILY EMA 50	6816	DOWN	SELL
	RSI (14)	34.90	DOWN	SELL
	MACD (12,26)	-64.17	DOWN	SELL
	FII Index Fut	-427.56 Cr.	DOWN	SELL
Put Call Ration:	0.82
SGX NIFTY	6777 (+12.5)
US MARKET DOW	16,535.37 (+0.53%)
FTSE 100 (ENGLAND)	6769.91 (+1.04%)
DAX (GERMANY)	9584.12 (+1.46%)
Asian Market	Green

Trading Strategy for 29 April 2014.

  

There is a Selling in Index Future more than Two Hundred Crores by FII’s. FII’s continue it’s selling in Index and Stock Futures. So there is selling opportunity on every rise.  There is a higher open interest in Nifty 7000 Call & 6500 Put but not much higher volume in it. Market may remain choppy move in coming days. Before election result market in the range of 7000-6500. 

INDEX MOMENTUM

NIFTY FUTURE                    : In Intraday, better to buy Nifty Fut. above 6839 with SL 6822 for the target of 6851-6863, sell below 6781 with SL 6798 for the Target of 6766-6745.

BANK NIFTY FUTURE        : In Intraday, Better to buy Bank Nifty May Fut. above 13199 for the target of 13285 with SL 13166, sell below 13042 for the target of 12996-12964 with SL 13075.

STOCK MOMENTUM:

1.      RELIANCE CAPITAL MAY’14 FUT BUY ABOVE 378.50 TG 381 SL 370.

2.      TATA STEEL MAY’14 FUT SELL BELOW 430 TG 424-421 SL 435

DAILY TREND (Nifty Future May’14 Series)	SYMBOL	VALUE	DIRECTION	ACTION	CONCLUSION
	5Hrs BB Middle	6856	DOWN	SELL	TOTAL BUY	TOTAL SELL
	DAILY MA (10)	6825	DOWN	SELL	5	4
	DAILY BB Middle	6803	UP	BUY	NEUTRAL
	DAILY EMA 10	6833	DOWN	SELL
	DAILY EMA 20	6787	UP	BUY
	DAILY EMA 50	6635	UP	BUY
	RSI (14)	57.72	UP	BUY
	MACD (12,26)	35.950	UP	BUY
	FII Index Fut	-237.94	DOWN	SELL
Put Call Ration:	1.12
SGX NIFTY	6804 (-8)
US MARKET DOW	16,448.74 (+0.53%)
FTSE 100 (ENGLAND)	6700.16 (+.22%)
DAX (GERMANY)	9446.36 (+0.48%)
Asian Market	Flat to Mix