NIFTY VEIW

AS ON May 30, 2016 1:51PM

DATA OF OPEN INTREST IN NIFTY CALL-PUT .HUGE POSITION BUILD UP @8000 STRIKE PRICE IN PUT(APPROX. 51LAKH O.I.)  BUT ON THE OTHER HAND @8200 STRIKE PRICE IN CALL (APPROX. 36 LAKHS O.I.).

ON TECHNICAL BASIS AFTER THE HIGH MADE BY NIFTY OF 9189 & A LOW OF 6829 IN LAST 2-3 YEARS, IF WE CALCULATE ON RETRACEMENT BASIS THE 50% LEVEL @8009 & 61% LEVEL @8288.

ALSO, ON THE OTHER HAND 8070 & 7890 IS ACTING AS A STRONG BRICKS OF THE BUILDING FROM 7800 TO 8300 FLOORS.

BUT  ON THE OTHER HAND THE PUT CALL RATIO IN NIFTY @1.16 & IN BANK NIFTY  @1.35, THAT IS NEAR TO ITS HIGH.

IMPORTANT 3 EVENTS ALSO IN THIS MONTH

      1)       RBI (INTEREST RATE DECISION) – 7 JUNE

      2)      ECB(INTEREST RATE DECISION) – 2 JUNE
3)      FED (INTEREST RATE DECISION)- 15 JUNE

BEAWARE TRADERS, THIS STROAM WILL BE LOOKING DANGEROUS, SO PACK YOUR ALL THE BIG POSITION & MAKE SOME  SMALL POSTION. BUT ALL WITH STOP LOSS.

ITC

ITC

BOOKED FULL PROFIT@363 BUYING @342.50

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BOOMED TARGET ACHEIVED IN NIFTY @8040 BUY@7750

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BOOKED FULL PROFIT IN NIFTY @8005 BUY@7750 AS PER OUR CALL OF 16 MAY 2016.

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ITC

EICHER MOTORS

BUY EICHER MOTORS CMP18534 FOR THE TARGET OF 19500 & 20000.

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important to watch closing below #7831!

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COMMODITY CALLS

INTRADAY & POSITIONAL VEIW FOR COMMODITY ALSO PROVIDED BY US FROM TODAY.

NIFTY WEEKLY VEIW

NIFTY

ACCORDING TO TECHNICAL CHARTS :-
#AS PER DMA OF DAILY WEEKLY & MONTHLY CHARTS THE SUPPORTS & RESISTANCE:

                      SUPPORTS                                                               RESISTANCE
          7800///7755///7698///7660                                                  7884///7924///7994

#CLOSING ON FRIDAY(13th MAY) @7814 SO...AFTER ANALYSING ALL THE TECHNICAL CHARTS OF NIFTY. 

#PCR:- AS PER LAST WEEK NIFTY STARTS ITS JOURNEY FROM 7755 TO 7916 IT MOVE THE PCR TO 1.04(approx.) BUT ON FRIDAY IT MOVES TO 8.20.

#WRITERS WHO MAKE THE POSITIONS IN PUT OF A STRIKE PRICE 7900,7800,7700 THEY COVERED THERE SHORTS ON FRIDAY AS PER DATA 
                      IN 7900        -9,55,050(change in open intrest)
                      IN 7800        -3,99,675(change in open intrest)
                      IN 7700        -6,31,275(change in open intrest) 

#ALSO ACCORDING TO DATA WRITERS MAKE THERE POSITIONS IN CALLS    
                     IN 7800          +8,59,875  (change in open intrest)
                     IN 7900          +5,42,775  (change in open intrest)
                    IN 8000           +19,74,000 (change in open intrest)

#MY VEIW: AFTER ANALYSING TECHNICAL CHARTS & DATA NIFTY MOVE IN THE RANGE 7700-8000 VERY IMPORTANT SUPPORT @7790 CLOSING BELOW THIS IS MOVE TOWARDS 7695. 

#CALL:::::: BUY NIFTY IN THE RANGE OF 7800-7700 WITH A STOP LOSS OF CLOSING BELOW 7690 FOR THE TARGET OF ABOVE 8000(till expiry) 

DOW JONES WEEKLY VEIW

DOW JONES

ACCORDING TO TECHNICAL VEIW:-
#AS PER DMA OF DAILY WEEKLY & MONTHLY CHARTS THE SUPPORTS & RESISTANCE:

               SUPPORTS                                                                  RESISTANCE
       17350////17235////17070                                               17650///17750////17850

#CLOSING ON FRIDAY(13th MAY) @17535 SO...AFTER ANALYSING ALL THE TECHNICAL CHARTS OF DOW. 

OUR CALLS/VEIW:- BEST BUY IN DOW ONLY @17000 LEVELS OR ONLY WHEN IT GIVING CLOSING ABOVE 17850(if any level of buying trigger stop loss & target will be updated on blog). SHORT TERM CORRECTION TILL 17250 WILL BE EXPECTED THIS WEEK.

TRADES CLOSED TODAY(SUMMARY)

29th APRIL 2016:-(NIFTY @7800 WITH A STOP LOSS OF CLOSING BELOW 7715 FOR THE TARGET OF 8140..)BOOKED LOSS @7712

18th APRIL 2016:-(BUY NIFTY IN THE RANGE OF 7900-7910 FOR THE TARGET OF 8050 WITH A STOP LOSS OF CLOSNG BELOW 7840.(spot))BOOKED LOSS@7712

25th APRIL 2016:-  (BUY CANARA BANK @210.50 ....STOP LOSS @193.50 FOR THE TARGET OF 245!!!)BOOKED LOSS@193.50

27th APRIL 2016:- (BUY PFC @181 WITH A STOP LOSS OF 171 FOR THE TARGET OF 195 & 215)BOOKED LOSS @173.50