8TH OCT 2014

[lsgrao1959]

WAVE ANALYSTS VIEW

Technical Patterns and Formations in today intraday charts
1- Whole day down moves in Bullish Falling Channel
2- Whole day actual trading between 7884-7970

Conclusions from intra day chart analysis
.

[lsgrao1959]

My System Calls:
Position as per Trade with Trend :



1) Levels to watch are 7934.27 and 7847.52
2) Sell Below 7948.9 SL 7979.9 TGT 7847.52, 7827.97, 7772.69
3) Buy Above 8010.9 SL 7979.9 TGT 8032.94, 8057.94
4) Supports/Resistances to Watch For :-
7772.69
7827.97
7859.44
7914.72
7946.19
8001.47
8032.94
Camarilla Calls:
1) Sell Below 7843.19 SL 7867.04 TGT 7829.46
2) Sell Below 7914.76 SL 7938.61 TGT 7898.85, 7882.95, 7867.04
3) Buy Above 7867.04 SL 7843.19 TGT 7882.95, 7898.85, 7914.76
4) Buy Above 7938.61 SL 7914.76 TGT 8002.96, 8023.78

Nifty Options Data:
Highest OI : NIFTY7800PE NIFTY8200CE
Highest Rise in OI : NIFTY7700PE NIFTY8000CE
Highest Fall in OI : NIFTY8000PE NIFTY8400CE
Highest Volume : NIFTY7900PE NIFTY8000CE

FII/DII Figures:
FII Cash Net = N.A.
FII F&O Net = -123.02
FII F&O OI = 115150.6
DII Cash Net = 327.65

Long Build Up: BPCL, WIPRO, JUSTDIAL, SAIL, GAIL
Short Covering: APOLLOTYRE, JSWENERGY, PTC, GLENMARK, TATACOMM

Short Build Up: CNXIT, ADANIPORTS, TATASTEEL, DLF, PFC
Long Unwinding: TVSMOTOR, IDFC, AMBUJACEM, IDEA, SUNTV

Volume Shockers (Futures) :
NIL

Swing Trading (Futures):
1. ITC Sell Below 364.52

5 Best Performing Stocks since Expiry:
RELIGARE, SHRENUJ, GAMMNINFRA, ALOKTEXT, BPL

5 Worst Performing Stocks since Expiry:
BLKASHYAP, HMT, RAJESHEXPO, GTLINFRA, CRISIL

[lsgrao1959]

ICICI Bank, Bharti Airtel, GAIL, NTPC, Glemark Pharma, Sobha Developers, Tata Power, Shasun Pharma, PTC (I), Delta Corp. etc. have given “Upward Bar Reversal”
Infosys, TCS, HCL Tech., Sun Pharma, Mah & Mah, Coal India, Axis Bank, BHEL, Tech Mahindra, HPCL etc have given “Downward Bar Reversal”
Stocks like GMR Infra, HOV Services, Patel Integrated, Ballarpur Ind., Heidelberg Cement, Apollo Tyrs, Shipping Corp., Radico Khaitan, JK Tyres & Ind., Alok Ind have shown spurt during the day with unusually high volumes.

A/D data is concerned it was in favor of bears in the ratio of 2:5 with 470 advances and 1075 declines during the day.

[lsgrao1959]

ASTRO VIEW
On Wednesday October 08, 2014, Saturn, Ketu and Mercury will have a role to play at Dalal Street. .

[lsgrao1959]

[lsgrao1959]

Look forward for Good Shares at lower rates| Long term traders’ time to be watchful

Mercury is retrograde, still trying to gain its speed for us, so movement is again reversible, as well market may show some negative moves, but possibility of some change in trend after second half of the day or from tomorrow morning.
Since, Venus lord of India’s natal chart is also in the trap of Lunar eclipse so possibility of Rupee value may go down today.
Saturn, Mars and Rahu are indicating with Moon that it will be better to look forward for chemicals, fertilizer, paper, pharmaceuticals and consumer goods will be better.
Importance of foreign issues will be important or it will be better to say that foreign related issues cannot be ignored.
Look forward for shares available at lower rates, this chance will be good to buy for lower rates but buy at the time when market will start improving.
I will like to focus on chemicals; Rubber based products or chemicals for Rubber and automobile tyres, with two-wheeler segment and Infrastructure & cement etc.

[lsgrao1959]

Dow Jones closed at the lowest of the day after loosing 272 points yesterday therefore sentiment turned most depressed and resultant all the Asian markets are trading in Red today. Correction continuation in Indian markets and firstly sustaining beyond 7842 should be watched today because once sustaining it below will mean Intermediate Term Trend turning down confirmations and thus opening the gate of fresh down moves towards next supports near 7540

[lsgrao1959]

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[lsgrao1959]

[lsgrao1959]

Spot made low at 7826

sup. 7820 7720

Res. 7880 7940

Positional SL. at 7940 for shorts.