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Tuesday, April 29, 2014

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


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OPEN INTEREST IN NIFTY (CALL/PUT)

OPEN INTEREST IN NIFTY (CALL/PUT)

INDIA VIX

INDIA VIX
A falling VIX means that there is lower uncertainty and market confidence is high and most of the time direction of trend is clear. A rising VIX shows there is a lot of uncertainty in the markets and price action is expected to be very volatile or sensitive in the coming days. I will recommend to trade only when the VIX is moving lower and a level below 20 is ok for trading. But if the VIX goes above 20 it means the chances of reversal in the short term trend is very high and large sudden moves could be expected.

FII Activity

FII Activity

FII’s & DIIs Activity

FII’s Activity

FII’s Activity 05-August-2014

Cash Segment (Provisional):

FII’s

+52.85 Crores

DII’s

+62.22 Crores

Derivative Segment (Provisional)

Index Futures

-201.35 Crores

Index Options

+665.73 Crores

Stock Futures

+108.16 Crores

Stock Options

+14.91 Crores

Data is taken from the NSE website.

DISCLAIMER

The information given here is solely for technical purpose and is no where an invitation to undertake trades based on the information. Stock trading is risky. Please consult your financial advisor before undertaking any trading based on the information. The blog owner will not be held responsible for any losses suffered due to usage of information.

The data posted on the blog may be incorrect or wrong. The blog owner will not be held responsible for any losses suffered due to usage of data or information. Usage of the blog information confirms that the user has read disclaimer. The blog owner or his clients may or may not be holding the said shares as discussed in the blog post.@ ALL RIGHTS
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