INTELLECTUAL TRADING

The Nifty 50 Index traded the week on a volatile note. 'After opening on a flattish note on Monday, the index plunged nearly 100 points for the day. The selling pressure continued until mid-week, setting a low of 10,405. But the bulls came to rescue on Thursday, where the index recovered some of its losses. Finally, on Friday, the Nifty index opened gap up and rallied strongly to touch a fresh life-time high of 10,566. However, it ended the weekly session marginally up. Support : 10500/10420  Resistance :10600 /10650 Nifty Options Analysis : Support : 11000   Resistance : 10400 MAX OI Contracts : 11000 CE - 43.36 Lakhs OI Contracts &  10400 PE - 60.85 Lakhs OI Contracts Sentimental Indicators: INDIA VIX = 13.11 TRIN : 0.45                   (Bullish) NIFTY OI PCR : 1.22     (Bullish) Fundamental Indicators: PE RATIO  : 26.99 PB RATIO  : 3.55 DIV YIELD : 1...

Nifty Analysis After taking a breather in the previous week the Indian equity markets have resumed its upswing as it inched closer to the all time high levels despite persistent FIIs selling.The index gained 1.52 percent for the week. Support  : 9980/ 9755  Resistance  :  10137/ 10500 Nifty Options Analysis : Support : 9700 Resistance : 10200 MAX OI Contracts : 10200 CE - 48.85 Lakhs OI Contracts &  9900 PE - 64.5 Lakhs OI Contracts Sentimental Indicators: INDIA VIX = 11.67 TRIN : 0.92 NIFTY OI PCR : 1.44 Fundamental Indicators: PE RATIO  : 26.24 PB RATIO  : 3.51 DIV YIELD : 0.93 To know more details of indicators  click on url -  https://goo.gl/hrBirN

Nifty Analysis The Nifty 50 Index traded on a negative note during the week. On Monday, it opened gap up but slipped sharply over 100 points taking cues from global markets. It recovered a bit on the next day but the selling continued going into midweek. On Thursday, it again recovered some of its losses. Finally, the index traded on flattish note on the final day of the week to end the weekly session 0.39% down. Support :  10000/ 10114 Resistance : 9755 / 9675 Nifty Options Analysis : Support : 9700 Resistance : 10000 MAX OI Contracts : 10000 CE - 47.3 Lakhs OI Contracts &  9700 PE - 52.9 Lakhs OI Contracts Sentimental Indicators: INDIA VIX =  12.96 TRIN : 0.81 NIFTY OI PCR : 1.16 Fundamental Indicators: PE RATIO  : 25.9 PB RATIO  : 3.47 DIV YIELD : 0.94 To know more details of indicators  click on url -  https://goo.gl/hrBirN

Nifty Analysis The Nifty 50 Index traded on a positive note during the week. On Monday, it opened the session gap up but slipped immediately to end the session 83 points down. The index then traded in a narrow range until the final hour of Wednesday trading session when it witnessed buying interest. The index traded with a positive bias on the final day of the week as well and ended the weekly session up 0.20%. Resistance:   9900 / 10000 Support  :  9755 / 9675 Nifty Options Analysis : Support : 9800 Resistance : 10000 MAX OI Contracts : 10000 CE - 57.95 Lakhs OI Contracts &  9800 PE - 61.31 Lakhs OI Contracts Sentimental Indicators: INDIA VIX = 12.57 TRIN : 0.56 NIFTY OI PCR : 1.04 Fundamental Indicators: PE RATIO  : 25.47 PB RATIO  : 3.45 DIV YIELD : 0.96 To know more details of indicators  click on url -  https://goo.gl/hrBirN

Since 25th July Nifty is trading in very short range between  8570 - 8700 , finally now short term trend is bearish. 1) Renko Charts showing bearish signal      As per Renko chart patterns - targets were placed @ 8542/8509/8537/8244     SL : 8595. 2) Super Trend is giving sell signal 3) MACD & Know The Sure Thing (KST) were in negative divergance.

Nifty Weekly Performance (June 20, 2016 – June 25, 2016) Indian indices witnessed buying interest. For the week, the BSE Sensex was up 2.83%, while the NSE Nifty was up 2.96%.  The index put up a staggering 240 points during the week despite the Brexit woes. The index has shrugged off the worries and headed higher, rallying consistently all five days of the week.  Not right time to invest for  long-term investors           Nifty is now just above the range resistance of 8,300. Nifty is forming higher tops and lower bottoms since last 3 months. Despite Nifty is forming higher tops the RSI has failed to keep with it on both daily and 75 min charts. As now bulls have upper hand now , but now we can not under-estimate the power of bears either.          Right now, the Nifty is trading at a P/E of 22.5. That is historically a level of low returns or negative returns.  The returns for an investor who enters wh...

Nifty weekly performance (June 13, 2016 – June 17, 2016)  Indian indices witnessed volatility and booked marginal losses on the back of global economic concerns. For the entire week, the BSE Sensex was down 0.04%, while the NSE Nifty was unchanged.The index traded on an extremely volatile note throughout the week. It opened with a gap down on Monday and recovered most of the losses by Wednesday and finally ended the week with nominal losses. The index is currently trading in a very small range of 150 points from 8,050 to 8,200. One expect range bound action with high volatility in this eventful week. Nifty Prediction for Week (June 20, 2016 – June 25, 2016): Support for the index lies in the zone of 8000 from where the index has broken out from the triple top formation. If the index manages to close below these levels then the index can drift to the levels of 7800 where 200 Daily SMA is lying. Resistance for the index lies in the zone of 8280 to 8340 where the index ha...

Nifty weekly performance  (June 06, 2016 – June 10, 2016) : Indian markets registered losses during the week. For the entire week, the BSE Sensexdown 0.8%, while the NSE Nifty was down 0.6%. The index surged close to the 8,300 mark but eventually slipped lower in the end. It touched the upper edge of the rising channel, which would restrict any bullish advances immediately. On the lower side, 8,150 looks like an immediate support. A break below this support could push the index down to the lower edge of the channel at 8,000.  Nifty Prediction for Week   (June 13, 2016 – June 17, 2016): Support for the index lies in the zone of 8000 from where the index has broken out from the triple top formation. If the index manages to close below these levels then the index can drift to the levels of 7800 where 200 Daily SMA is lying. Resistance for the index lies in the zone of 8280 to 8340 where the index has created the gap on gap down opening in the month of Aug – 20...

Nifty weekly performance  (May 30, 2016 – June 03, 2016): Indian stock markets traded in the green during the week. For the entire week, the BSE Sensex was up by 0.71% and the NSE Nifty was up by 0.78%. The index ended this week on a flattish note after a sharp 400-point rally in the previous week. Although it has managed to cross the 8,200 mark,  but it seems like the momentum is slowing. Intraday charts suggest exhaustion.  8,150 remains a support to watch out for on an immediate basis and breach below it could setback the bulls.  Nifty Prediction for Week   (June 06, 2016 – June 10, 2016): Support for the index lies in the zone of 8000 from where the index has broken out from the triple top formation. If the index manages to close below these levels then the index can drift to the levels of 7800 where 200 Daily SMA is lying. Resistance for the index lies in the zone of 8250 to 8300 from where the index has sold off in the month of Oct – 2015. If...

Nifty weekly performance   (May 23, 2016 – May 27, 2016): Indian stock markets ended the week on a negative note. The BSE Sensex was up by 5.34%, while the NSE Nifty was up by 5.25%. The tug-o-war finally ended in favour of the bulls. They snapped back in style and have thrown the bears out of the ring with a 400-point move. It seems like the index could now trade in a range of 8,000 and 8,200 and consolidate its gains before making an up-move.  Nifty Prediction for Week   (May 30, 2016 – June 03, 2016): Support for the index lies in the zone of 8000 from where the index has broken out from the triple top formation. If the index manages to close below these levels then the index can drift to the levels of 7800 where 200 Daily SMA is lying. Resistance for the index lies in the zone of 8250 to 8300 from where the index has sold off in the month of Oct – 2015. If the index manages to close above these levels then the index can move to the levels of 8600 to 8650 l...

Nifty weekly performance  (May 16, 2016 – May 20, 2016): Indian stock markets ended the week on a negative note. The BSE Sensex was down by 0.74%, while the NSE Nifty was down by 0.74%.  The index ended the week with a loss of 0.83% at 7,750. The index slipped outside the 100-point range of 7,800 to 7,900 in the latter half of the week. It had traded in this range over the last 10 days and seems like bears are gain an edge.  Nifty Prediction for Week  (May 23, 2016 – May 27, 2016): Minor support for the index lies in the zone of 7700 to 7750. Support for the index lies in the zone of 7500 to 7550 from where the index has broken down after making the double bottom pattern and 100 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 7250 to 7300 where the index has opened gap up on 02/03/2016. The index has closed around the resistance zone of 7820 where 200 Daily SMA is lying. Resistanc...

Nifty weekly performance  (May 09, 2016 – May 13, 2016): Indian stock markets registered gains during the week. The BSE Sensex was up by 1% and the NSE Nifty was up by 1.1%.  The index ended the week with gains of a percent at 7,813. But we doubt whether bulls would be rejoicing as the index traded with extremely high volatility and choppiness during the week. This left both the bulls as well as the bears perplexed as none of the camps could get a clear sense of the direction. The picture isn't clear as of now. Nifty Prediction for Week  (May 16, 2016 – May 20, 2016): Minor support for the index lies in the zone of 7700 to 7750. Support for the index lies in the zone of 7500 to 7550 from where the index has broken down after making the double bottom pattern and 100 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 7250 to 7300 where the index has opened gap up on 02/03/2016. The index has closed ...

Nifty weekly performance  (May 02, 2016 – May 06, 2016): Indian stock markets ended the week on a negative note. For the week, the BSE Sensex was down by 1.47% and the NSE Nifty was down by 1.48%.  These losses follow the sharp surge of the past few weeks. The Sensex as well as the Nifty have notched gains of 13% and 14% respectively since Feb 29. The mid and small-cap indices that and are up 16% and 17% respectively. Market participants are now gauging the strength of this rally and whether it will continue.  The index finally breached the 7,800 levels during the week. But it hasn't seen a free fall. It has traded choppily in a range. It seems like it will trade on a lackluster note in the coming week. The volumes have dried up and momentum is also in the neutral territory. A fter long time FII's were increasing short positions in futures and options .  Thus we will have to wait and watch out for some more price action before a clear view emerges. Nifty...

Nifty weekly performance  (April 25, 2016 – April 29, 2016):            Indian stock markets ended the week on a negative note. For the week, the BSE Sensex was down by 0.9% and the NSE Nifty was down by 0.6%.             These losses follow the sharp surge of the past few weeks. The Sensex as well as the Nifty have notched gains of 13% and 14% respectively since Feb 29. The mid and small-cap indices that and are up 16% and 17% respectively. Market participants are now gauging the strength of this rally and whether it will continue.          The index opened the week on a slightly bearish note, moved up in the middle and slipped back again in the end. It ended the week with a loss of 0.63%. During the week the level of 8,000 again acted as a resistance. On the lower side, it found support around 7,800. This range seems to be holding up the index for the time being. We will have to wa...