INTELLECTUAL TRADING

The Nifty 50 Index traded on positive note during the week. On Monday, it opened 70 points gap down and plunged to a low of 10,075. However, it swiftly recovered to end the session 55 points up. The volatility was seen on back of Gujarat and Himachal Pradesh election results. The index continued the bullish momentum, and it surprised investors with a new life-time high of 10,494 mid-week. It witnessed minor profit booking towards the end of the week. Finally, on Friday, the index up move continued till it touched a fresh life-time high of 10,501 and ended the weekly session 1.55% up. Support :  10420/10370   Resistance :10500 /10600 Nifty Options Analysis : Support : 10000   Resistance : 10500 MAX OI Contracts : 10500 CE - 56.41 Lakhs OI Contracts &  10000 PE - 75.11 Lakhs OI Contracts Sentimental Indicators: INDIA VIX = 11.58 TRIN : 0.92 NIFTY OI PCR : 1.42 Fundamental Indicators: PE RATIO  : 26.86 PB RATIO  : 3.52 DIV YIELD : 1.09 NIFTY

(1) NMDC - CMP  135.7 Buy Price : 136.7  Target : 137.4 / 139.6  Stop Loss : 134.4 (2) BPCL - CMP 533.05 Buy Price : 534 Target : 537 / 545  Stop Loss : 526 Click URL to view updated details -  https://goo.gl/NdEeUg DISCLAIMER :   view

On Monday, it opened the session 45 points gap up and traded up to close the session positive. Buying did not last for long as the index plunged more than 150 points for the next two days. On Thursday, the index opened gap up and ended the session 60 points up after witnessing an intra-day fall of over 100 points. Finally, on Friday, Nifty again gapped up 94 points and ended the weekly session 0.65% higher. Last week, we saw the index bouncing from its important support level of 10,000 - 10,100.Acting as a strong resistance on the way up, this level was expected to act as a strong support. Now the index is marching towards its life-time high with Gujarat assembly election results, to be declared early next week. Support : 10370/10230    Resistance : 10420/10500 Nifty Options Analysis : Support : 10000   Resistance : 10500 MAX OI Contracts : 10000 PE - 91.90  Lakhs OI Contracts &  10500 CE - 73.58 Lakhs OI Contracts Sentimental Indicators: INDIA VIX =

(1) TCS  - CMP 2661.1 Buy Price :2673 Target : 2694 / 2758 Stop Loss :  2610 (2) SUNPHARMA - 529.6 Buy Price 531 Target : 535 / 544 Stop Loss :  522 Click URL to view updated details -  https://goo.gl/NdEeUg DISCLAIMER :   view

After a sharp sell-off in the previous  week, the Indian equity market resumed its north bound journey. The index posted its biggest weekly gain since early November, climbing 1.27% this week. Support : 10230/10100     Resistance : 10370/10420 Nifty Options Analysis : Support : 10000   Resistance : 10500 MAX OI Contracts : 10000 PE - 86.82 Lakhs OI Contracts &  10500 CE - 56.25  Lakhs OI Contracts Sentimental Indicators: INDIA VIX = 13.67 TRIN : 0.41 NIFTY OI PCR : 0.94 Fundamental Indicators: PE RATIO  : 26.2 PB RATIO  : 3.46 DIV YIELD : 1.11 NIFTY INTRADAY FIBONACCI LEVELS CALCULATOR:   https://goo.gl/HyZDEd To know more details of indicators  click on url -  https://goo.gl/hrBirN  

PCJEWELLER - CMP 406.75 Buy Price : 408.75 Stop Loss : 403 Target : 412 / 417 Click URL to view updated details -  https://goo.gl/NdEeUg DISCLAIMER :   view

BPCL : CMP - 500.9 Buy Price : 505 Stop Loss : 495 Target : 508 /518 Click URL to view updated details -  https://goo.gl/NdEeUg DISCLAIMER :   view

BIOCON: CMP 447.25 Buy Price : 450 Stop Loss : 437 Target : 456 / 469 Click URL to view updated details -  https://goo.gl/NdEeUg DISCLAIMER :   view

During the start, the bulls had an upper hand where the index hit a fresh life-time high of 10,490. Mid-expiry, the bears took charge. But, the Moody's upgrade of India's rating came as excuse to the bulls and the index once again resumed its up move. But towards the end of the expiry, the bears once again dominated. Finally, the index ended the November series with a cut of 1%. The index is currently trading above its important support level of 10,100. For the index, the 10,100 level which acted as a strong resistance on the way up is now expected to act as a strong support. Mid-November, the index bounced strongly from this level. And now again, it is trading close to the 10,100 mark. Support : 10100 / 9970  Resistance : Between 10230/10420 Nifty Options Analysis : Support : 9800   Resistance : 10500 MAX OI Contracts : 9800 PE - 38.69 Lakhs OI Contracts &  10500 CE - 57.82  Lakhs OI Contracts Sentimental Indicators: INDIA VIX = 14.79 TRIN : 1.41