BANKNIFTY AND NIFTY FUTURES LEVELS FOR 31ST OCTOBER 2014

BANKNIFTY FUTURES LEVELS FOR THE DAY:
BANKNIFTY RANGE FOR THE DAY IS 16700-16970
Resistances are at 16890-16940 and supports at 16770-16715
Above 16950 is a range breakout with further targets/resistances placed at 16990-17090
Below 16700 is a range breakdown with further targets/supports placed at 16640-16580
BankNifty Futures is strong only above 16805

NIFTY FUTURES LEVELS FOR THE DAY:
NIFTY RANGE FOR THE DAY IS 8125-8269
Resistances are at 8232-8263 and supports at 8160-8130
Above 8269 is a range breakout with further targets/resistances placed at 8290-8349
Below 8125 is a range breakdown with further supports/targets placed at 8090-8065
Nifty Futures is strong only above 8176

BANKNIFTY, NIFTY AND STOCK OPTIONS CALLS FOR 31ST OCTOBER 2014

BUY BANKNIFTY 17500CE AT/ABOVE 79.4 FOR TARGETS OF 99.6/110.2/120.7 WITH SL OF 66
BUY BANKNIFTY 16000PE AT/ABOVE 81.5 FOR TARGETS OF 94.1/100.8/107.5 WITH SL OF 71.7

BUY NIFTY 8200CE AT/ABOVE 94.6 FOR TARGETS OF 116.5/127.9/139.4 WITH SL OF 79.8
BUY NIFTY 8100PE AT/ABOVE 61.6 FOR TARGETS OF 82.4/93.1/103.8 WITH SL OF 48.8

BUY DLF 120CE AT/ABOVE 10.6 FOR TARGETS OF 13.2/14.6/15.9 WITH SL OF 8.9
BUY DLF 120PE AT/ABOVE 6.5 FOR TARGETS OF 8.1/8.9/9.7 WITH SL OF 5.5

BUY RELIANCE 980CE AT/ABOVE 22 FOR TARGETS OF 28.6/31.9/35.3 WITH SL OF 17.9
BUY RELIANCE 980PE AT/ABOVE 16.3 FOR TARGETS OF 25.3/29.9/34.5 WITH SL OF 11.2

BUY LT 1700CE AT/ABOVE 16.6 FOR TARGETS OF 19.5/21/22.6 WITH SL OF 14.5
BUY LT 1500PE AT/ABOVE 14 FOR TARGETS OF 17.6/19.6/21.5 WITH SL OF 11.6

BUY SBIN 2700CE AT/ABOVE 62.9 FOR TARGETS OF 68.6/71.8/75 WITH SL OF 57.3
BUY SBIN 2600PE AT/ABOVE 57.4 FOR TARGETS OF 62.4/65.2/68.1 WITH SL OF 52.4

BUY TATASTEEL 500CE AT/ABOVE 7 FOR TARGETS OF 8.1/8.6/9.2 WITH SL OF 6.2

Trading strategy for 30th October 2014

The market after positive opening yesterday remained range bound throughout the session witnessing short covering in front line stocks ahead of F&O expiry and finally closed with the Sensex at 27098, up by 217 points while the Nifty ended at 8090, up by 62 points led by gains in reality, metal, IT, auto stocks among others. The market breadth remained positive as 1682 shares advanced while 1407 declined. Readers are advised to trade with caution keeping stock specific approach as Oct. F&O series expires today.

NIFTY FUTURE (Last close 8089.15)
The counter after positive opening yesterday moved with moderate volatility throughout the session and finally closed with a gain of 48 points. The counter may remain volatile today in view of F&O expiry and may move up to 8125/8143 once it trades and remains above 8108.75. Strong support for the counter exists at 8077.25 which if breached decisively with volumes then it may slide to 8059/8040.

BANK NIFTY FUTURE (Last close 16640.60)
The counter after strong opening yesterday failed to hold on to the opening levels and drifted lower as the session progressed and finally closed with marginal loss of 48 points. The counter to gain strength needs to trade and remain above 16698.75 whereby it may move up to 16747/16785. Strong support for the counter exists at 16595.25 which if breached decisively with volumes then it may slide to 16539/16500.

RELIANCE INFRA FUTURE (Last close 581.05)
The stock after remaining range bound during the previous sessions closed yesterday above its weekly buy signal with 1% gain. The stock appears positive on charts and may move up to 585/589 on volume trading. Strong support for the stock exists at 576.25.

COAL INDIA FUTURE (Last close 358.10)
The stock after consolidating during the past sessions closed yesterday above its weekly resistance with moderate volumes gaining marginally. The stock appears positive on charts and may move up to 361/363 on volume trading. Strong support for the stock exists at 355.25.

BANKNIFTY AND NIFTY FUTURES LEVELS FOR 29TH OCTOBER 2014

BANKNIFTY AND NIFTY FUTURES CALLS FOR 29TH OCTOBER 2014

BUY BANKNIFTY AT/ABOVE 16672 TARGETS 16750-16840 SL 16610
SELL BANKNIFTY AT/BELOW 16700 TARGETS 16620-16550 SL 16765

BUY NIFTY FUT AT/ABOVE 8031 TARGETS 8060-8082 SL 8009
SELL NIFTY FUT AT/BELOW 8049 TARGETS 8015-7995 SL 8070

BANKNIFTY FUTURES LEVELS FOR THE DAY:
BANKNIFTY RANGE FOR THE DAY IS 16550-16850
Resistances are at 16750-16840 and supports at 16610-16550
Above 16850 is a range breakout with further targets/resistances placed at 16890-16950
Below 16550 is a range breakdown with further targets/supports placed at 16450
BankNifty Futures is strong only above 16680

NIFTY FUTURES LEVELS FOR THE DAY:
NIFTY RANGE FOR THE DAY IS 7995-8070
Resistances are at 8055-8070 and supports at 8025-8010-7995
Above 8070 is a range breakout with further targets/resistances placed at 8110-8135
Below 7995 is a range breakdown with further supports/targets placed at 7955-7930
Nifty Futures is strong only above 8036

BANKNIFTY, NIFTY AND STOCK OPTIONS CALLS FOR 29TH OCTOBER 2014

BUY BANKNIFTY 16700CE AT/ABOVE 80.7 FOR TARGETS OF 104/116.1/128.1 WITH SL OF 65.8
BUY BANKNIFTY 16700PE AT/ABOVE 78.5 FOR TARGETS OF 113/130.6/148.3 WITH SL OF 58.3

BUY NIFTY 8000CE AT/ABOVE 47.2 FOR TARGETS OF 61.9/69.4/77 WITH SL OF 38
BUY NIFTY 8100PE AT/ABOVE 57.3 FOR TARGETS OF 77.3/87.7/98 WITH SL OF 45

BUY INFY 3800CE AT/ABOVE 16.5 FOR TARGETS OF 26.6/31.8/36.9 WITH SL OF 10.9
BUY INFY 3800PE AT/ABOVE 21.8 FOR TARGETS OF 31.9/37.1/42.2 WITH SL OF 15.9

BUY AXISBANK 430CE AT/ABOVE 1 FOR TARGETS OF 2.6/3.4/4.1 WITH SL OF 0.2
BUY AXISBANK 420PE AT/ABOVE 1.7 FOR TARGETS OF 2.8/3.3/3.9 WITH SL OF 1

BUY LT 1550CE AT/ABOVE 27.5 FOR TARGETS OF 37/42/46.9 WITH SL OF 21.6
BUY LT 1550PE AT/ABOVE 1.5 FOR TARGETS OF 6.3/8.7/11.1 WITH SL OF 0

BUY SBIN 2650CE AT/ABOVE 24.8 FOR TARGETS OF 35/40.2/45.4 WITH SL OF 18.8
BUY SBIN 2650PE AT/ABOVE 10.9 FOR TARGETS OF 28.5/37.4/46.3 WITH SL OF 1.9

BUY ONGC 400CE AT/ABOVE 0.9 FOR TARGETS OF 2.1/2.7/3.3 WITH SL OF 0.2

Stock Index Chart Patterns: S&P 500 and FTSE 100 – Oct 24, ‘14

S&P 500 Index Chart

The following comments appeared in last week’s analysis of the daily bar chart pattern of S&P 500: “The sharp volume spurt during Wednesday’s low may be the sign of a ‘selling climax’ that has bearish implications if the index fails to regain at least 50% of its fall from the Sep ‘14 top of 2020 to 1820. That means, the index needs to rise above 1920 quickly to prevent bears from getting complete control.”

It was also mentioned that the long-term bull market was intact, as the index was trading well above its 200 week EMA. Note that the index quickly crossed above its 200 day and 20 day EMAs – and rose above the 1920 level in the process.

After facing a day’s resistance from the 50 day EMA, the index bounced up from the support received from its 20 day EMA, and closed the week above all three EMAs in bull territory. So, have bears been vanquished?

Not just yet. Look at the volume bars, which have been sliding during the sharp bounce from the recent low of 1820. That may be a signal of short covering instead of renewed buying. Bears are probably lurking round the corner. (At the time of writing this post, the index is slipping down towards its 50 day EMA.)

Technical indicators have turned bullish. MACD is still negative, but has crossed sharply above its signal line (which has formed a small bullish ‘rounding bottom’ pattern). RSI has moved above its 50% level after brief hesitation. Slow stochastic has entered its overbought zone.

On longer term weekly chart (not shown), the index closed above all three weekly EMAs. Weekly technical indicators are back in bullish zones. However, the index may be forming a bearish ‘broadening top’ pattern that will be negated only if the previous top of 2020 can be crossed quickly. (This month’s sharp correction was triggered by a ‘broadening top’ pattern that formed on the daily chart.) Caution is advised till 2020 is convincingly crossed.

FTSE 100 Index Chart

Last week, daily technical indicators were trying to correct oversold conditions. That led to a rally on the daily bar chart pattern of FTSE 100 that briefly crossed above the 6400 level, but faced strong resistance from the falling 20 day EMA. The index gained 78 points for the week, but failed to close above the 6400 level.

Daily technical indicators corrected oversold conditions, but their upward momentum is slowing. MACD has crossed above its signal line in negative territory. RSI faced resistance from its 50% level, and slipped down. Slow stochastic has just moved above its 50% level.
At the time of writing this post, the index is trading below the 6350 level in bear territory.

On longer term weekly chart (not shown), the index managed to stay above its 200 week EMA during the week. But the 20 week EMA is about to cross below the 50 week EMA for the first time in more than 2 years, and both EMAs are moving down. Weekly technical indicators are trying to correct oversold conditions. The long-term bull market is under serious threat of being reversed.

Nifty ready to march towards all time high,weekly analysis

 Nifty Hourly Chart

Nifty Hourly charts has broken above the trendline resistance now close above 8030 is required for nifty to make a jump towards 8138/8180.Unable to do so we can see 7900 levels in coming week.

Nifty Hourly Elliot Wave Chart

Hourly EW is showing a small correction can come till 7990/7970 odd levels before making a dash towards 8138/8172 odd levels.

Nifty Daily Chart

Nifty daily chart bounced after touching its 100 DMA, trendline support and is heading towards the trendline resistance which comes @ 8138 odd levels. Bulls Power indicators is also showing breakout, so very interesting week lying ahead.

 Nifty Harmonic

This is what we discussed last week Nifty daily chart bias is still in neutral zone so investors can use this dip to buy into quality stocks. BAT Harmonic pattern also seems to get over so holding 7723 nifty can see a pullback till 7923, 

Now 8030 will play  a major role in coming week as per above chart, unable to cross and close above 8030 for 3 days we might see correction till 7900 and deep correction till 7700, But if nifty closes above 8030 we can see move towards 8138/8172 levels.

Nifty Daily Elliot Wave Chart

Daily chart are is showing 4 wave completed @7723 and V wave has started target comes @ 8660.

Nifty Gann Date

As per time analysis 29 October is Gann Turn date , except a impulsive around this date.  Last week we gave 20 October is Gann Turn date and Nifty was up by 100 points on that day.

 Nifty Gaps

For Nifty traders who follow gap trading there are 7 trade gaps in the range of  7000-7800

• 7067-7014
• 7130-7121
• 7276-7293
• 7229-7239
• 7454-7459
• 7526-7532
• 7598-7568
• 7625-7654
• 7780-7856
• 7927-7974

Fibonacci technique

Fibonacci fan

As per gann fan 7723 is support nifty took support at this level and 8030 is coming up as resistance as per gann fan.

Nifty Weekly Chart

It was positive week,  with the Nifty up by 236 points  closing @8014. As per Harmonic Bias as seen in above chart, first time after 6000 and 31 week we are seeing trend change from Bullish to Neutral, so expect choppy/sideways move till the Harmonic Bias turn back to Bullish zone ie, Weekly candle turns back to green.Nifty has broken  AF support zone closing below this for coming week also weekly trend can turn down and holding the same fast and furious pullback can start, need to see if we can bounceback this time also. New Time cycle will start from next week.   This is what we discussed last week and pullback was very furious as it occured only in gaps, new time cycle also showed its effect as nifty was up after 4 week.

 

Trading Monthly charts

Bulls need to protect the recent low of 7723 for rest of days for bullish moves to continue.

 Nifty Weekly Chopad Levels

Nifty Trend Deciding Level:8026

Nifty Resistance:8075,8156,8205

Nifty Support:7977,7896,7847

MAHURAT TRADING DAY

May the divine light of diwali spread into your
Life peace, prosperity, pleasure & good health.
“Happy Diwali to all Investors ”

MAHURAT TRADING DAY
MARKET STOCK SPECIFIC
NIFTY RANGE 7950-8028
TODAY’S CALL : COMING SOON
—– MARKET UPDATE AT 5.30 PM —–
SGX NIFTY 8030
DOW FUTURE + 164
LONDON FUTURE – 5
RUPEE FUTURE 61.16

Bulls celebrate Diwali on Dalal Street, FII F&O Analysis

• FII’s bought 10 K contract of Index Future worth 398 cores, 19.1 K Long contract were added by FII’s and 9.1 K short contracts  were added  by FII’s. Net Open Interest increased  by 28.2 K contract , so FII added long in index futures but started adding shorts also in index futures

• This is what we discussed in last analysis  Range of 7930-7940 is supply zone as shown in the below gann box once crossed can see impulsive move in nifty. Nifty again stopped @ yellow line of gann box Once 7930 is crossed next target comes @ 7972/8030.

• Nifty Future October Open Interest Volume is at 1.67 core with addition of 5.5 lakh in OI  with increase in CoC suggesting long addition.

• Total Future & Option trading volume was   at 2.96 lakh core with total contract traded at 266 lakh. PCR @0.99

• 8100  CE  OI at 63 lakh  suggesting wall of resistance , 8000 CE  @ 59.1 lakh will be keenly watched in next 2 session  FII’s bought 17.4 K CE longs and 520  shorted CE  were covered by  them.

• 7800 PE OI@ 63.4 lakhs so strong base @ 7800 . 7900 PE OI@57.1 lakh with addition of 9lakh so bulls will hold on to 7900 by mahurat trading, FII’s bought 9.4  K contract  PE longs and 2.3 K shorted  PE were covered by  them.

• FII’s bought 32 cores in Equity and DII bought 68  cores in cash segment.INR closed at 61.31.

• Nifty Futures Trend Deciding level is 7931 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 7931 and BNF Trend Changer Level (Positional Traders) 16338.How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level . 

Buy above 7936 Tgt 7951,7975 and 8013 (Nifty Spot Levels)

Sell below 7912 Tgt 7890,7850 and 7827 (Nifty Spot Levels)

FII FnO Data Analysis for 21 Oct

• FII’s bought 36.5 K contract of Index Future worth 1455 cores, 40.4 K Long contract were added by FII’s and 3.9 K short contracts  were added  by FII’s. Net Open Interest increased  by 44.3 K contract , so FII added long in index futures.

• This is what we discussed in last analysis  yesterday Nifty has taken support @ 100 DMA today, suggesting short term bottom is in place. Nifty has corrected 450 points in this current correction which has lasted for 22 trading days. Shorts needs to be extreme cautious now as the reversal will be fast, we have Diwali and election results coming on Monday so bulls can see a fast and furious come back. Also Dow,European market seems to be making a short term bottom.  Range of 7930-7940 is supply zone as shown in the below gann box once crossed can see impulsive move in nifty. Break of 7856 can see gap filling taking place.
  

 

• Nifty Future October Open Interest Volume is at 1.62 core with addition of 5.8 lakh in OI  with decrease in CoC suggesting long addition. 
  

• Total Future & Option trading volume was   at 2.32  lakh core with total contract traded at 2.48 lakh. PCR @0.92

• 8000  CE  OI at 64.2 lakh  suggesting wall of resistance , 8100 CE  @ 64.3 lakh will be keenly watched in next 2 sesession  FII’s bought 16.4 K CE longs and 3K  shorted CE  were covered by  them.
  

• 7800 PE OI@ 54.2 lakhs so strong base @ 7800 . 7900 PE OI@47.7 lakh with addition of 12.2 lakh so fight for 7900 will happen in next 2 session, FII’s sold 26.2  K contract  PE longs and 1.1 K PE were shorted  by  them.
  

• FII’s bought 1040  cores in Equity and DII sold 166  cores in cash segment.INR closed at 61.35.

• Nifty Futures Trend Deciding level is 7910 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 7930 and BNF Trend Changer Level (Positional Traders) 15629.How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level . 
   

Buy above 7882 Tgt 7904,7929 and 7953 (Nifty Spot Levels)

Sell below 7855 Tgt 7831,7806 and 7780 (Nifty Spot Levels)

BANKNIFTY AND NIFTY FUTURES CALLS FOR 20TH OCTOBER 2014

BUY BANKNIFTY AT/ABOVE 15890 TARGET 16110-16230 SL 15738
SELL BANKNIFTY AT/BELOW 16090 TARGETS 15870-15740 SL 16240

BUY NIFTY FUT AT/ABOVE 7787 TARGETS 7850-7887 SL 7744
SELL NIFTY FUT AT/BELOW 7845 TARGETS 7784-7748 SL 7890

BANKNIFTY AND NIFTY FUTURES LEVELS FOR 20TH OCTOBER 2014

BANKNIFTY FUTURES LEVELS FOR THE DAY:
BANKNIFTY RANGE FOR THE DAY IS 15730-16250
Resistances are at 16110-16235 and supports at 15870-15740
Above 16230 is a range breakout with further targets/resistances placed at 16310-16500
Below 15720 is a range breakdown with further targets/supports placed at 15600-15475
BankNifty Futures is strong only above 15890

NIFTY FUTURES LEVELS FOR THE DAY:
NIFTY RANGE FOR THE DAY IS 7740-7900
Resistances are at 7852-7890 and supports at 7780-7745
Above 7906 is a range breakout with further targets/resistances placed at 7940-8006
Below 7720 is a range breakdown with further supports/targets placed at 7685-7625
Nifty Futures is strong only above 7818

BANKNIFTY AND NIFTY FUTURES CALLS FOR 17TH OCTOBER 2014

BUY BANKNIFTY AT/ABOVE 15485 TARGET 15680-15885 SL 15345
SELL BANKNIFTY AT/BELOW 15650 TARGETS 15465-15350 SL 15805

BUY NIFTY FUT AT/ABOVE 7737 TARGETS 7822-7875 SL 7682
SELL NIFTY FUT AT/BELOW 7817 TARGETS 7733-7680 SL 7872

BANKNIFTY AND NIFTY FUTURES CALLS FOR 16TH OCTOBER 2014

BUY BANKNIFTY AT/ABOVE 15725 TARGET 15888-15980 SL 15600
SELL BANKNIFTY AT/BELOW 15868 TARGETS 15710-15610 SL 15952

BUY NIFTY FUT AT/ABOVE 7879 TARGETS 7925-7955 SL 7831
SELL NIFTY FUT AT/BELOW 7919 TARGETS 7865-7832 SL 7957

BANKNIFTY AND NIFTY FUTURES CALLS FOR 14TH OCTOBER 2014

BUY BANKNIFTY AT/ABOVE 15615 TARGET 15825-15945 SL 15462
SELL BANKNIFTY AT/BELOW 15800 TARGETS 15600-15480 SL 15952

BUY NIFTY FUT AT/ABOVE 7885 TARGETS 7943-7975 SL 7843
SELL NIFTY FUT AT/BELOW 7937 TARGETS 7880-7847 SL 7979

BANKNIFTY AND NIFTY FUTURES LEVELS FOR 14TH OCTOBER 2014

BANKNIFTY FUTURES LEVELS FOR THE DAY:
BANKNIFTY RANGE FOR THE DAY IS 15460-15960
Resistances are at 15830-15945 and supports at 15595-15470
Above 15960 is a range breakout with further targets/resistances placed at 16025-16225
Below 15450 is a range breakdown with further targets/supports placed at 15310-15170
BankNifty Futures is strong only above 15615

NIFTY FUTURES LEVELS FOR THE DAY:
NIFTY RANGE FOR THE DAY IS 7835-7982
Resistances are at 7945-7977 and supports at 7878-7842
Above 8000 is a range breakout with further targets/resistances placed at 8059-8115
Below 7830 is a range breakdown with further supports/targets placed at 7800-7770
Nifty Futures is strong only above 7892

Nifty Weekly Chart Analysis

Nifty Hourly Chart

Nifty Hourly charts 21/34 EMA have gone flat, trendline support exists @ 7784/7800  range, Bulls will get active above 7972 for initial target of 8100 and 8175.Bears will get active below 7784 for target of 7725/7655.

 Nifty Hourly Elliot Wave Chart

Hourly EW is showing correction can be seen till 7794 range and bounceback to 7940 range.

Nifty Price Channel

As per Price Channel concept Nifty is entering in zone of demand as seen in above chart holding the same upmove can be seen towards the highs of channel.

Nifty Daily Chart

Nifty daily chart is shown with both short and medium term trendline, next week is very crucial as any break of trendline can put a break to current bull run.

 Nifty Harmonic

Nifty daily chart bias is still in neutral zone so expect some range bound volatile move in nifty in coming week.

Nifty Daily Elliot Wave Chart

Daily chart are is showing 4 wave is still on completion around 7784/7655 and bounceback can be seen as part of 5 wave  till 8150/8200 in next 2 week.

Nifty Gann Date

As per time analysis 15 October is Gann Turn date , except a impulsive around this date. Now as 15 is Holiday so 13 or 16 we will see the expected move.  Last week we gave 07 Oct and nifty gave good correction on that day

 Nifty Gaps

For Nifty traders who follow gap trading there are 7 trade gaps in the range of  7000-7800

• 7067-7014
• 7130-7121
• 7276-7293
• 7229-7239
• 7454-7459
• 7526-7532
• 7598-7568
• 7625-7654
• 7924-7960

Fibonacci technique

Fibonacci fan

7841-7850  needs to be closely watched as per gann fan support.Resistance @ 8130.

Nifty Fibonacci Retracement

7784 which is 61.8 Fibo retracement levels needs to be watched closely in coming week.Holding the same we can see a good bounce till 7960 levels.

Nifty Weekly Chart

It was negative week, with the Nifty down by 85 points  closing @7859 . As per Harmonic Bias as seen in above chart, first time after 6000 and 31 week we are seeing trend change from Bullish to Neutral, so expect choppy/sideways move till the Harmonic Bias turn back to Bullish zone ie, Weekly candle turns back to green.Nifty is back again to AF support zone where it bounce back last time, need to see if we can bounceback this time also. New Time cycle will start from next week. 

Trading Monthly charts

Bulls saved 7950 on Monthly levels, also forming a spinning top pattern, Now as seen in above chart this month we can see a good upmove going by Historical pattern of this bull run.

 Nifty Weekly Chopad Levels

 Nifty Trend Deciding Level:7883

Nifty Resistance:7949,8026,8110

Nifty Support:7794,7726,7655