27th October 2014

[lakshmi]

Deepak's Gann Gyan :

This week Nifty was expected to make a swing top in Nifty by around Wed/thursday (ahead of the turn due on 27/Oct) with a top around 7860-80, upper end 7900-10.

Nifty was up as expected although price has moved beyond the upper end of the expected range.

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.

Nov Pivots:

3/Nov, 7-10/Nov, 14/Nov, 17/Nov, 21/Nov, 28/Nov

For next week would expect a top around 8060-80 by Monday or Tuesday with price reversal expected on Tuesday. Decline into a low by 3/Nov with correction of 100-120 Points.

As the price band of 7900-50 has been crossed this week, would expect trend to up till End Dec - Early Jan with a target of between 8350-8400.

For the next two months would expect Swing points in Nifty to be around these dates:(would expected polarity to H-L in this sequence)

7-10/Nov, 19-21/Nov, 12-15/Dec, 24-26/Dec and 2-5/Jan.

Although the trend is expected to be up till early Jan, its quite likely that Nifty and most of the stocks would complete most of the price moves by 12-15/Dec.

Some of the stocks which did not bottom out in the 15-17/Oct time frame could make a bottom either in the 7-10/Nov or 19-21/Nov time frame.

[lsgrao1959]

My System Calls:
Position as per Trade with Trend :

[size=150][/size]
1) Levels to watch are 8036.12 and 8011.58
2) Sell Below 7908.67 SL 7939.67 TGT
3) Buy Above 7970.67 SL 7939.67 TGT 8036.12, 8050.65, 8061.8
4) Supports/Resistances to Watch For :-
7988.15
8001.55
8012.7
8026.1
8037.25
8050.65
8061.8
Camarilla Calls:
1) Sell Below 8010.35 SL 8017.1 TGT 7999.73
2) Sell Below 8030.6 SL 8037.35 TGT 8026.1, 8021.6, 8017.1
3) Buy Above 8017.1 SL 8010.35 TGT 8021.6, 8026.1, 8030.6
4) Buy Above 8037.35 SL 8030.6 TGT 8048.83, 8054.72

Nifty Options Data:
Highest OI : NIFTY7900PE NIFTY8100CE
Highest Rise in OI : NIFTY8000PE NIFTY8050CE
Highest Fall in OI : NIFTY7800PE NIFTY7900CE
Highest Volume : NIFTY8000PE NIFTY8000CE

FII/DII Figures:
FII Cash Net = N.A.
FII F&O Net = 143.45
FII F&O OI = 135962.2
DII Cash Net = N.A.

Long Build Up: CESC, ASHOKLEY, DIVISLAB, ALBK, BAJAJ-AUTO
Short Covering: MCLEODRUSS, HAVELLS, M&MFIN, HCLTECH, TCS

Short Build Up: WIPRO, JUSTDIAL, VOLTAS, IGL, AUROPHARMA
Long Unwinding: OFSS, CIPLA, TVSMOTOR, TATAMOTORS, SIEMENS

Volume Shockers (Futures) :
NIL

Swing Trading (Futures):
1. JINDALSTEL Buy Above 171.55
2. RELIANCE Buy Above 956.26

5 Best Performing Stocks since Expiry:
TATAMETALI, INGERRAND, EDELWEISS, SAIL, SINTEX

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

[lsgrao1959]

[lsgrao1959]

WAVE ANALYSTS VIEW
Technical Patterns and Formations in today intraday charts (22ND OCT VHART)
1- Consolidation between 7976-7988
2- Up moves with intraday corrections
3- Whole day actual trading between 7976-8005

Conclusions from intra day chart analysis


Technical Patterns and Formations in today intraday charts(23RD OCT CHART)

1- Down moves in Bullish Falling Channel
2- Whole day actual trading between 8009-8031

Conclusions from intra day chart analysis

.

Conclusions (After Putting All Indicators Together)

[lsgrao1959]

HDFC Bank, TCS, HDFC Ltd., Kotak Bank, MCX (I), Cairn India, Emami Ltd (I), CESC (I), Indusind Bank, Dish TV etc. have given “Upward Bar Reversal”
PNB, Union Bank, United Phosphorus, Lupin Lab., Ultratech Cement, Info Edge, Thomas Cook, Indomo Remedies, Tata Elxsi (I), Bombay Burmah etc have given “Downward Bar Reversal”
Stocks like Bharat Earth Movers, Meghmani Organics, Kalyani Steel, Edelweiss Financials, PTC(I) Financials, TVS Motors, Guj State Fert., MCX (I), Hexaware Technology, A2Z Maintenance 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 5:4 with 827 advances and 665 declines during the day.

[lsgrao1959]

ASTRO VIEW
Markets are now in a resistance zone. Hence some confusion will prevail in the market participants mind. Mars is aggressive and with Government announcing a set of reform incentives, which can make the markets jubliliant, expect markets to remain positive for today, but intraday volatility will be high. The closing hours can bring in some profit booking thus creating some doubts on the bull strength.

[lsgrao1959]

[lsgrao1959]