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Wednesday, April 30, 2014

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


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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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