Nifty Gains

NIFTY EXCLUSIVE TRADES/NIFTY FUTURE & OPTIONS PREDICTIONS & STRAGIDIES/ ACCURATE TECHNICALS/SAFE TRADES

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An Alternative to your investments    The future of Indian stock market

Market OutLook For 17/07/08

  NiftyFutures                           
NiftySpot
                                        

Resistance   3865/3895/3915
 Support         3785/3750/3715        
 Resistance   3846/3885/3925
 Support         3785/3745/3710

        Markets View 

Market's to remain highly volatile. Use every rise as an exit opportunity. Resistance for Nifty future is at 3925-3950, while support is at 3725. Today's trading sell Nifty futures at resistance zone. For fresh positions look over the table below.  

*Subject To Intraday Breakouts LEVELS/HOURLY CHARTS

  Major levels for Nifty Futures

Levels Long Sl short
1 - 3875 4010
2 - 3880 4010
3 - 3885 4010
4 - 3901 4006

Here, the long represents the level where our clients have taken long positions and maintaining the stop loss for the corresponding levels and vice versa for the short positions

 

CALLS FOR OUR VIEWERS

 

Nifty Previous close

Calls
Stop loss
  Position
Calls 3823 4010

  short

3911

                                                                    PERFORMANCE AS ON 07/07/2008

NIFTY GOLDMINE: WE WENT SHORT NIFTY FUTURES AT  4015 AND COVERED AT 3960 WITH THE PROFIT OF 55 POINTS.

                                                                   PERFORMANCE AS ON 16/07/2008

NIFTY GOLDMINE: WE WENT SHORT NIFTY FUTURES AT  3815 AND COVERED AT 3770 WITH THE PROFIT OF 45 POINTS.

                                  

                                                                                           

 INTRADAY CHART

 

 

     

 

DAILY CHART

 

 

 
 

SENSEX

 

 

For the current week Sensex faces resistance around 14000-14300 levels on lower side support remains at 13200-13000 levels.

 

Major Trend

 

 

For the current week Nifty futures will face resistance around 4200-4250 levels, while the support remains at 3650-3600 levels. Markets to remain highly volatile for coming days. 

We advice traders to split their Portfolio in respect to the current trend

1. Long Positions:10%     2.Neutral:10%      3.Short positions: 80%

 

 

 

Index

Prev. Close

Open

High

Low

Last

% Change

S&P CNX NIFTY

3861.10

3861.55

3920.05

3790.20

3816.70

-1.15

S&P CNX DEFTY

3092.10

3109.90

3157.00

3052.40

3073.75

-0.59

S&P CNX 500

3085.50

3099.90

3130.30

3029.90

3049.85

-1.16

CNX NIFTY JUNIOR

6118.90

6118.90

6208.30

5955.65

6012.20

-1.74

CNX MIDCAP

5027.15

5039.35

5078.45

4916.75

4951.10

-1.51

CNX IT

3552.65

3576.40

3605.50

3475.85

3511.50

-1.16

CNX 100

3669.70

3676.70

3724.65

3598.50

3624.50

-1.23

BANK NIFTY

4838.95

4837.60

4928.35

4676.45

4726.45

-2.32

Nifty Spot Index Info

52 Week High

6357.10

52 Week Low

3554.50

All-time High

6357.10

All-time Low

775.43


Daily Trends in FII Derivative Trades –July 14, 2008


 

BUY

SELL

OPEN INTEREST AT THE END OF THE DAY

 

No. of contracts

Amt in Crores

No. of contracts

Amt in Crores

No. of contracts

Amt in Crores

INDEX FUTURES

163374

3337.34

129138

2621.90

903103

18135.78

INDEX OPTIONS

19575

404.25

30377

625.75

917035

18446.55
Source NSE

Sincere Advice to Our Respected Readers & Traders

 

1. Please do not Over Trade

2. Hedge Your Positions in a volatile market

3. Follow strict Stop loss & Trade with Proper Guidance

4. Please do not hesitate to book loss Because There Is always a tomorrow and there is always another trade

5. Secure your Capital, the Yield will always be there

6.Most of the money lost in the stock Markets is due to greed And the fear of taking loss


 
 
 

Disclaimer : The recommendations made in this News Letter do not constitute an offer to sell or a solicitation to buy any of the Trading mentioned. No representations can be made that the recommendations contained herein will be profitable or that they will not result in losses. Readers using the information is obtained from sources deemed to be reliable but is not guaranteed as to accracy and completeness.