SGX NIFTY LIVE CHART

IMPORTANT NOTICE: BECOME A MEMBER OF OUR TRADING CLUB & ENJOY A TECHINICAL BASED TRADING ABSULITELY FREE

CLICK THE BANNER

Friday, May 2, 2014

Trading Strategy for 02 May 2014


Performance of 30-April-2014 :

INDEX/ STOCK FUT
LOT
BUY / SELL
PRICE
TARGET / STOPLOSS / EXIT
NET PROFIT IN 5 LOT (Rs.)
NIFTY
50
BUY
6793
6712
4750
NIFTY
50
SELL
6749
6735
3500
BANK NIFTY
25
BUY
13083
13151
8500
BANK NIFTY
25
SELL
12986
12836
18750
RELIANCE CAPITAL
1000
SELL
373.5
367.5
30000
TOTAL PROFIT (in Rs.)
65500



Today'S Views:

There is a Selling in Index Future more than Two Hundred Crores by FII’s. FII continues its buying in cash market for a long term view. So in long term there is a bull market. Index remains inside trading range. Current down move is a correction in a long term uptrend market. Mild correction is necessary for good health of Bull Market. On weekly basis two consecutive closes above 6870 market may goes up to 7000 level. Trader should need to maintain a strict stop loss of 6840 of their existing short positions. There is a higher open interest in Nifty 7000 Call & 6500 Put. Nifty may remain in the range of 6500-7000 before election results. Market may remain choppy move in coming days.



INDEX MOMENTUM ( INTRADAY ) :
INDEX
BUY / SELL
PRICE
TARGET 1
TARGET 2
TARGET 3
STOP LOSS
NIFTY FUT
BUY ABOVE
6771
6827
6838

6854
SELL BELOW
6711
6689
6656

6728
BANK NIFTY
BUY ABOVE
13069
13114
13152
13235
13023
SELL BELOW
12888
12855
12740

12933



STOCK MOMENTUM (INTRADAY) :

STOCK FUT. NAME
BUY / SELL
PRICE (Fut)
TARGET 1
TARGET 2
TARGET 3
STOP LOSS
TATA MOTORS
BUY ABOVE
423
429
433

413
HERO MOTOR CORP
BUY ABOVE
2223
2242
2262

2207
IOC
SELL BELOW
259
252
246
241
266
HDIL
SELL BELOW
67.50
65.40
60.40
55
76





DAILY TREND
(Nifty Future May’14 Series)
SYMBOL
VALUE
DIRECTION
ACTION
CONCLUSION
5Hrs BB Middle
6831
DOWN
SELL
TOTAL BUY
TOTAL SELL
DAILY MA (10)
6782
DOWN
SELL
0
9
DAILY BB Middle
6801
DOWN
SELL
STRONG SELL
DAILY MA (10)
6830
DOWN
SELL
DAILY EMA 20
6774
DOWN
SELL
DAILY MA 50
6820
DOWN
SELL
RSI (14)
38.95
DOWN
SELL
MACD (12,26)
-58.15
DOWN
SELL
FII Index Fut.
-267.08 Cr.
DOWN
SELL
 Put Call Ration:
0.86
SGX NIFTY
6749 (+29)
US MARKET DOW
16,558.87 (-0.13%)
FTSE 100 (ENGLAND)
6808.87 (+0.43%)
DAX (GERMANY)
9603.23 (+0.20%)
Asian Market
Mix


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
RESERVED FOR MATERIAL ON THIS BLOG.

NIFTY TECHINICAL CHART

FEEDJIT Live Traffic Map