21st oct 2014

[lsgrao1959]

My System Calls:
Position as per Trade with Trend :

[size=150]BANKNIFTY Hold Long taken at 15455.4 On 09-10-2014 StopLoss 15766.67 | Profit so far 792.4

SBIN Hold Long taken at 2444.9 On 09-10-2014 StopLoss 2501.68 | Profit so far 124.75

NIFTY Hold Short taken at 7844.37 On 16-10-2014 StopLoss 7910.67 | Profit so far -52.88

RELIANCE Hold Short taken at 951.7 On 16-10-2014 StopLoss 953.7 | Profit so far 13.15[/size]

1) Levels to watch are 7926.3 and 7868.2
2) Sell Below 7828.81 SL 7859.81 TGT
3) Buy Above 7890.81 SL 7859.81 TGT 7926.3, 7964.58, 7989.01
4) Supports/Resistances to Watch For :-
7814.71
7848.38
7872.81
7906.48
7930.91
7964.58
7989.01
Camarilla Calls:
1) Sell Below 7865.29 SL 7881.27 TGT 7846.03
2) Sell Below 7913.23 SL 7929.21 TGT 7902.58, 7891.92, 7881.27
3) Buy Above 7881.27 SL 7865.29 TGT 7891.92, 7902.58, 7913.23
4) Buy Above 7929.21 SL 7913.23 TGT 7962.23, 7976.17

Nifty Options Data:
Highest OI : NIFTY7700PE NIFTY8100CE
Highest Rise in OI : NIFTY7900PE NIFTY8050CE
Highest Fall in OI : NIFTY7600PE NIFTY7900CE
Highest Volume : NIFTY7900PE NIFTY8000CE

FII/DII Figures:
FII Cash Net = N.A.
FII F&O Net = 1845.72
FII F&O OI = 128201.7
DII Cash Net = -166.11

Long Build Up: AXISBANK, UNIONBANK, ANDHRABANK, ZEEL, BPCL
Short Covering: VOLTAS, EICHERMOT, SKSMICRO, ONGC, HINDALCO

Short Build Up: EXIDEIND, CESC, HCLTECH, GLENMARK, CNXIT
Long Unwinding: HDIL, TCS, CAIRN, IBREALEST, RELCAPITAL

Volume Shockers (Futures) :
EXIDEIND
SKSMICRO

Swing Trading (Futures):
1. IDEA Buy Above 163.91
2. MARUTI Buy Above 2989.63

5 Best Performing Stocks since Expiry:
TATAMETALI, NDTV, ANDHRABANK, GMRINFRA, UNIONBANK

5 Worst Performing Stocks since Expiry:
POLARIS, DLF, JINDALSTEL, SUZLON, ALEMBICLTD

[lsgrao1959]

WAVE ANALYST VIEW
Technical Patterns and Formations in today intraday charts

1- Selling between 7894-7905
2- Down moves in Bullish Falling Channel
3- Whole day actual trading between 7857-7905

Conclusions from intra day chart analysis

[lsgrao1959]

Jindal Saw Mills, JK Tyres & Ind., Sun TV, PI Ind., Chambal Fert. etc. have given “Upward Bar Reversal”
Reliance Capital, Dr Datsun Lab., SKS Micro, Meghmani Organics, JIndal Saw, K Sera Sera, TVS Motors, Kalyani Steel, CCL Products, Zee Media Corp. etc have given “Downward Bar Reversal”
Stocks like Torrent Power, Dr Datsun Lab., SKS Micro, Meghmani Organics, JIndal Saw, K Sera Sera, TVS Motors, Kalyani Steel, CCL Products, Zee Media Corp. 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 3:2 with 921 advances and 601 declines during the day.

[lsgrao1959]

ASTRO VIEW
Jupiter, Moon and Sun will have a role to play at Dalal Street. On Monday, as predicted in my October 2014 newsletter, markets fired up, but the fire did not have have the steam to climb further. Sun is now debilated. Debilated Sun brings forth government governance matters. Any lapses by government in new policy formation and/or introduction of new reforms can lead to weakening of the market.

[lsgrao1959]

Positive moves possible

Mercury is slowing down its speed for us, but still will give positive moves, indicating that banks, financial institutions, leather, fertilizer, communication, IT, hotel and tourism with transport can be positive.

Indications are vehicle allied industries can do better. I am positive for Jewellery, export related with spirit, alcohol and Leaf related segments.

Movement may not be so big, but will be positive; Lord of ascendant Venus is combust (near to total combustion position) so overall situation may not so strong, but will be positive.

Engineering, electrical appliances with retails sector can be positive