7TH NOV 2014

[lsgrao1959]

My System Calls:
Position as per Trade with Trend :

NIFTY Hold Long taken at 8050.8 On 29-10-2014 StopLoss 8310.92 | Profit so far 329.35

BANKNIFTY Hold Long taken at 15455.4 On 09-10-2014 StopLoss 17031.03 | Profit so far 2016.65

RELIANCE Hold Long taken at 952.82 On 30-10-2014 StopLoss 992.68 | Profit so far 44.93

SBIN Hold Long taken at 2444.9 On 09-10-2014 StopLoss 2700.7 | Profit so far 349.4

1) Levels to watch are 8406.03 and 8354.28
2) Sell Below 8238.93 SL 8269.93 TGT
3) Buy Above 8300.93 SL 8269.93 TGT 8406.03, 8436.45, 8460.05
4) Supports/Resistances to Watch For :-
8304.8
8332.95
8356.55
8384.7
8408.3
8436.45
8460.05
Camarilla Calls:
1) Sell Below 8351.69 SL 8365.92 TGT 8341.43, 8329.01
2) Sell Below 8394.38 SL 8408.61 TGT 8384.89, 8375.41, 8365.92
3) Buy Above 8365.92 SL 8351.69 TGT 8375.41, 8384.89, 8394.38
4) Buy Above 8408.61 SL 8394.38 TGT 8432.51, 8444.93

Nifty Options Data:
Highest OI : NIFTY8000PE NIFTY8500CE
Highest Rise in OI : NIFTY8300PE NIFTY8700CE
Highest Fall in OI : NIFTY7800PE NIFTY8300CE
Highest Volume : NIFTY8300PE NIFTY8400CE

FII/DII Figures:
FII Cash Net = N.A.
FII F&O Net = 925.04
FII F&O OI = 126405.4
DII Cash Net = -1204.63

Long Build Up: HEXAWARE, BANKNIFTY, MINDTREE, RECLTD, ABIRLANUVO
Short Covering: APOLLOTYRE, COLPAL, BPCL, IGL, ARVIND

Short Build Up: DIVISLAB, NMDC, COALINDIA, MOTHERSUMI, HEROMOTOCO
Long Unwinding: ANDHRABANK, CROMPGREAV, IRB, DABUR, MARUTI

Volume Shockers (Futures) :
NIL

Swing Trading (Futures):
1. COALINDIA Sell Below 353.96
2. HEROMOTOCO Sell Below 2980.13
3. SSLT Sell Below 253.19

5 Best Performing Stocks since Expiry:
GAMMNINFRA, MOSERBAER, GVKPIL, JPPOWER, RCF

5 Worst Performing Stocks since Expiry:
HINDOILEXP, TITAN, SHOPERSTOP, IPCALAB, CLNINDIA

[lsgrao1959]

WAVE ANALYST VIEW
Technical Patterns and Formations in today intraday charts
1- Selling between 8351-8364 in first 2 hours
2- Consolidation between 8324-8337
3- Down moves in Bullish Falling Channel
4- Whole day actual trading between 8324-8365

Conclusions from intra day chart analysis

Firstly 2 hours selling and slipping but lower levels consolidations also therefore intraday patterns formation will be understood mixed and follow up moves as well as sustaining beyond day's trading range(8324-8365) will be next very short term moves confirmation.
As most heated sentiments and oscillators are over bought therefore intraday or Very Short Term Corrections may be seen any day after some selling but All trends are up,Indian markets are most Bullish therefore until complete selling patterns will not develop on EOD charts till then Short Term Correction will not be considered

[lsgrao1959]

ICICI Bank, HDFC Bank, Bharti Airtel, Axis Bank, Indusind Bank, Crompton Greaves, Allahabad Bank, PTC(I), Tata Chemical, Punjab National Bank etc. have given “Upward Bar Reversal”
Cipla Lab, Tata MTR DVR, JSW Steel, United Phosphorus, Rural Elect Corp., Cairn India, Ambuja Cement, Adani Ports, Hind Zinc, BF Utilities etc have given “Downward Bar Reversal”
Stocks like Orient Bell, Ramky Infra, Orbit Corp, Evergreen Systems, Educomp Solutions, DQ Ent., Dolphin Offshore, NITCO, Lanco Infra, Jyoti Structure have shown spurt during the day with unusually high volumes.

A/D data is concerned it was in favor of bulls in the ratio of 15:13 with 836 advances and 690 declines during the day.

Nifty has given bullish breakout when it moved above 8250 from a pattern, setting higher targets of 8600-8625 which may be achieved in coming weeks but at the same time Nifty i s already overbought after a rise of more than 655 points in last 10-12 trading sessions. Under such Technical Set-up, both bullish & bearish Targets are possible. Many Infrastructure, Banking, Metal IT, Rate sensitive, Auto stocks have given bullish indications which will lift all the major indices in near future. But defying technical for long time is also not desirable. A sizeable correction of 200-250 points will be healthy for the market. It is better to be highly Stock Specific under the circumstances as both bullish as well as bearish opportunities are available in short term. The best strategy is to concentrate on both sides as the stocks which have been rising for last few days may take corrective decline while IT stocks are looking favorable for further rise in near term

[lsgrao1959]

Utilize Period | Keep a close watch

Jupiter is important and forming Gajkesari yog with Moon, indicating sudden movements, ups and downs, Volatility, gains for petroleum related, sea shore related, sea related, impact of foreign issues etc.
I feel a good period for defense related at least till January 2017 can be better, vehicle, Power related, Battery, allied units of Vehicle can be better with cement etc. Agriculture, Textiles, education and foreign related finance based companies can do better.
Lord of India’s horoscope is in its own sign and forming good relationship with Moon – can give some strength to the nation or some good policies or announcements or steps by government may affect market positively.
Keep a watch on Aviation, IT, Tourism and travels etc. Engineering, electrical instruments manufacturing organizations can also be better