20th October 2014

[lakshmi]

Deepak's gann gyan :

Further to Nifty outlook of 5/Oct.

In the week of 6-10/Oct price action was expected to be either of these:

(a) Dip to 7790-7810 or 7840-50 by either 8-9/Oct before a smallish pull back of about 100-120 points into a high by 13/Oct. would expect next pull back to post a lower top around 7900-20 or 7940-60.

(b) dip into a low by 7/Oct to about 7850-60 , one day pull back of 60-80 points and decline into a low by 13/14 Oct with a target of either 7790-7810 or 7750-70

Price action was in line with (a) with a low being made on 8/Oct at 7815 closer to the range of 7790-7810 expected. We had a pull back into a high by 14/10 at 7928 in the range of 7900-20


Oct Pivots:

2/OctL(30/9-H), 7/Oct(H) 9/Oct(8/Oct-Low)-, 13/Oct(14/10-High), 21-22/Oct(17/10-Low), 27-28/Oct.

for next week expect swing top in Nifty by around Wed/thursday (ahead of the turn due on 27/Oct) as price volatility is high and trend being weak and corrective. Pull back like to top around 7860-80, max 7900-10. Would expect Bank Nifty to post a top and lead the next leg of decline.

would expect a low for this correction either by 7-10/Nov or 16-19/Nov with a target of about 7500-50. right now based on the current sequence of short term cycles low is due in the 16-19 time frame.

[lsgrao1959]

My System Calls:
Position as per Trade with Trend :

1) Levels to watch are 7877.27 and 7756.83
2) Sell Below 7826.72 SL 7857.72 TGT 7756.83, 7693.52, 7634.84
3) Buy Above 7888.72 SL 7857.72 TGT 7934.42, 7996.19
4) Supports/Resistances to Watch For :-
7634.84
7693.52
7755.29
7813.97
7875.74
7934.42
7996.19
Camarilla Calls:
1) Sell Below 7750.8 SL 7783.93 TGT 7706.43, 7677.52
2) Sell Below 7850.17 SL 7883.3 TGT 7828.09, 7806.01, 7783.93
3) Buy Above 7783.93 SL 7750.8 TGT 7806.01, 7828.09, 7850.17
4) Buy Above 7883.3 SL 7850.17 TGT 7918.42, 7947.33

Nifty Options Data:
Highest OI : NIFTY7800PE NIFTY8000CE
Highest Rise in OI : NIFTY7700PE NIFTY7900CE
Highest Fall in OI : NIFTY7900PE NIFTY8300CE
Highest Volume : NIFTY7700PE NIFTY7900CE

FII/DII Figures:
FII Cash Net = N.A.
FII F&O Net = 1404.4
FII F&O OI = 125088.8
DII Cash Net = 737.31

Long Build Up: BANKBARODA, HDFC, BANKNIFTY, NIFTY, ITC
Short Covering: VOLTAS, ORIENTBANK, TATACOMM, HDIL, EICHERMOT

Short Build Up: TCS, HCLTECH, GLENMARK, CESC, CNXIT
Long Unwinding: OFSS, WIPRO, INFY

Volume Shockers (Futures) :
NIL

Swing Trading (Futures):
1. APOLLOTYRE Sell Below 205.63
2. HEROMOTOCO Buy Above 2858.19
3. HINDPETRO Sell Below 490.36

5 Best Performing Stocks since Expiry:
TATAMETALI, NDTV, JPASSOCIAT, HSIL, RELIGARE

5 Worst Performing Stocks since Expiry:
DLF, POLARIS, SUZLON, HCC, MINDTREE

[lsgrao1959]

WAVE ANALYST VIEW
Technical Patterns and Formations in today intraday charts

1- Selling between 7827-7893
2- Sharp down in last hour
3- Whole day actual trading between 7730-7893-

Conclusions from intra day chart analysis

[lsgrao1959]

Nifty Spot, BSE SEnsex, Nifty Futures, Reliance Ind., Compton Greaves, Ultratech Cement, Apollo Tyres, Tata MTR DVR, Sun Pharma, Kotak Bank etc. have given “Upward Bar Reversal”
Lakshmi Vilas Bank, Omaxe, One Life Capital, MRPL etc have given “Downward Bar Reversal”
Stocks like Dr Datsun Lab., IVRCL Infra, Dolphin Offshore, NBCC, Edelweiss Financials, NCC, Andhra Bank, Emami Ltd., Oriental Bank of Commerce, Arvind Remedies 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 7:8 with 704 advances and 822 declines during the day.

[lsgrao1959]

ASTRO VIEW
Venus and Mars have transited. Venus is in its Mool trikona sign Libra and Mars to Sagittarius sign. This is good for share markets but the sad news is Sun has got debilated, this is not good news for share markets. Hence markets on select days will correct, whenever Sun has a role to play during the day. On Sunday effect of Sun was very strong, this deprived BJP a clear simple majority to form government in Maharashtra state.

[lsgrao1959]

Mercury is retrograde but in its own sign which is exalted sign and three planets are transiting through the nakshtra of Mercury, Four planets are transiting through the nakshtra of Mars and this planet has moved to the house of petroleum, suddenness and indicates Petroleum, IT, communication and travels and tours may show some ups and downs during next one and half month period.