Monday 29 September 2014

Technical Outlook Of Nifty Fut(NSE-OCT):1-3 days






Strong Dollar is affecting some risk trading in morning Asian Session (NZD down nearly 2% following RBNZ selling/intervention & some PBOC official writes that 6.7% GDP growth can meet China 2020 goal).

For our NF, 7896-7865 zone is positional support & 8065-8126 zone positional resistance as of now.

Trading Levels: Nifty Fut(OCT)





Gap Up/Dw (Indicative)


SGX NIFTY 7986 -47



        NF-OCT LTP 8033
             
             
  SL >/< 5 POINTS FROM SLR        
             
  Intraday Swing  Trader        
      T1 T2 T3 SLR
Strong > 7958   7996-8015 8040-8065* 8095-8130 <7938
             
Weak < 7938   7912-7896 7865-7844* 7815-7791 >7958







FOR  Conservative Positional Trader









      T1 T2 T3 SLR
Strong > 7958   8015 8065* 8130 <7938
             
Weak < 7938   7896 7844* 7791 >7958
             



Friday 26 September 2014

Technical Outlook Of Nifty Fut(NSE-OCT):1-3 days





For NF(OCT), 7920-7895 zone is now support area corresponding to 7873-7860 zone in Nifty Spot.

Yesterday(25-th), DOW FUT was down 152 points (there was some rumour of forced hedge fund selling); but DF is taking support from 16875 zone & is up by 50 points in the Asian Session.

Trading Levels: Nifty Fut(OCT)





Gap Up/Dw (Indicative)


SGX NIFTY 7935 -36



        NF-OCT LTP 7971
             
             
  SL >/< 5 POINTS FROM SLR        
             
  Intraday Swing  Trader        
      T1 T2 T3 SLR
Strong > 7895   7925-7965 7979-8000* 8018-8065 <7875
             
Weak < 7875   7848-7833 7805-7790* 7741-7713 >7895







FOR  Conservative Positional Trader









      T1 T2 T3 SLR
Strong > 7895   7965 8000* 8065-8100 <7975
             
Weak < 7875   7833 7790* 7741-7687 >7895
             

Wednesday 24 September 2014

Technical Outlook Of Nifty Fut(NSE-SEP):1-2 days (UPDATE)





NF is within trading range (7950-8200 zone) in absence of any major trigger.
SC verdict on Coal Block today around 2 pm (24-th) should act as a trigger & then our market will look forward to US trip by our PM for any major cues.

Immediate support for NF is 8020 (@200 HEMA) & below that 7990-7938 zone(Positional).

On the upside NF may face resistance around 8086 zone & above that 8125-8180-8205 zone(Positional).




Trading Levels: Nifty Fut(SEP)




Gap Up/Dw (Indicative)


SGX NIFTY 8025 -7



NF-SEP LTP 8032
SL >/< 5 POINTS FROM SLR
Intraday Swing  Trader
T1 T2 T3 SLR
Strong > 8010 8050-8086* 8102-8125 8150-8180 <7990
Weak < 7990 7964-7938* 7917-7883 7867-7844 >8010







FOR  Conservative Positional Trader









T1 T2 T3 SLR
Strong > 8010 8086* 8125 8180-8205 <7990
Weak < 7990 7938* 7883 7844-7808 >8010

Monday 22 September 2014

Technical Outlook Of Silver-M(MCX-NOV):1-5 days




Trading Levels:









LTP
 



SILVER MINI-I NOV 39663.00
 
(+/-) 50/-





 




 
 
 
      T1 T2 T3 T4 T5 T6 SLR
Strong Above 39600.00   40000.00 40400.00 40800.00* 41200-41400 41700-41900 42100-42300 <39400
                   
Weak Below 39400.00   39100-39000 38400.00* 38100.00 37700.00 37500.00 37100.00 >39600

Technical Outlook Of Nifty Fut(NSE-SEP):1-5 days








As par SGX Nifty, Indian NF may open around 8085 area. For NF, 8050-8030 zone should offer considerable support, sustaining below which 7950-7930 zone will offer positional support as of now.

On the upside, 8125 zone may offer some resistance & above that NF has to sustain above 8175-8205 zone for further rally towards 8500 zone.

A China press report about "Full Scale Housing Collapse" in a third-tier city of Handan is casting a negative effect on "Risk Trade" in the morning Asian session today. 

Trading Levels: Nifty Fut(SEP):




Gap Up/Dw (Indicative)


SGX NIFTY 8085 -45



        NF-SEP LTP 8130
             
             
  SL >/< 5 POINTS FROM SLR        
             
  Intraday Swing  Trader        
      T1 T2 T3 SLR
Strong > 8070   8100-8125 8150-8175* 8205-8226 <8050
             
Weak < 8050   8030-7994 7970-7952* 7930-7883 >8070







FOR  Conservative Positional Trader









      T1 T2 T3 SLR
Strong > 8070   8125 8175* 8226-8265 <8050
             
Weak < 8050   7994 7952* 7883-7839 >8070
             

Friday 19 September 2014

Technical Oulook Of Nifty Fut(NSE-SEP):1-3 days





For NF, 8165 & 8205 may offer resistance as of now; sustaining above 8205, we may see 8500 zone by next few weeks.

Down the line, 8095/8048 zone should offer support for the day & below that we may see 7994/7946 zone.

Trading Levels:Nifty Fut(SEP)




Gap Up/Dw (Indicative)


SGX NIFTY 8131 -2



        NF-SEP LTP 8133
             
             
  SL >/< 5 POINTS FROM SLR        
             
  Intraday Swing  Trader        
      T1 T2 T3 SLR
Strong > 8120   8150-8165* 8185-8205 8233-8265 <8100
             
Weak < 8100   8080-8048* 8022-7994 7979-7946 >8120







FOR  Conservative Positional Trader









      T1 T2 T3 SLR
Strong > 8120   8165* 8205 8265 <8100
             
Weak < 8100   8048* 7994 7946 >8120
             

Wednesday 17 September 2014

Technical Outlook Of Nifty Fut(NSE-SEP):Update





For NF, 7937-7926 area should offer positional support now & above 8000-8020 zone, it will gain more strength.

Yesterday, late evening unexpected China mini QE (PBOC pumping CYN 500 B through SLF to top 5 China Banks) & dovish talk from WSJ Fed Watcher Hilsenrath ("CONSIDERABLE TIME" will stay in the Fed Statement) add firework to risk trade & dollar slammed down. But later a Nikkei report that "Japan to lower economic assessment in Sept" helped dollar to recover the lost ground against JPY.

Overall, we could see some short covering in our market.

Trading Levels: Nifty Fut(Sep)





Gap Up/Dw (Indicative)


SGX NIFTY 7990 34



        NF-SEP LTP 7956
             
             
  SL >/< 5 POINTS FROM SLR        
             
  Intraday Swing  Trader        
      T1 T2 T3 SLR
Strong > 7955   7977-8001 8022-8061* 8085-8125 <7935
             
Weak < 7935   7920-7900 7883-7839* 7808-7788 >7955







FOR  Conservative Positional Trader









      T1 T2 T3 SLR
Strong > 7955   8001 8061* 8125 <7935
             
Weak < 7935   7883 7839* 7788 >7955

Tuesday 16 September 2014

Technical Outlook Of Silver-M(MCX-NOV):1-5 days





Trading Levels: Silver-M(NOV)








LTP




SILVER MINI-I NOV 41434.00

(+/-) 50/-













T1 T2 T3 T4 T5 T6 SLR
Strong Above 41000.00 41275-41600 41900.00* 42300.00 42650.00 42900.00 43200-43800 <40800
Weak Below 40800.00 40600.00 40400.00 40000.00 39800.00 39500.00 39000-38600 >41000

Monday 15 September 2014

Technical Outlook For Nifty Fut(NSE-SEP):1-5 days






NF has strong technical support around 8050-8039 zone & below that 7994 zone should offer significant support. Positionally, NF has to sustain above 8135 zone for regaining level of 8200 & 8260 for this week.

Weak China IIP data released on Saturday is weighing a negative effect on Asian Session as of now.


Trading Levels: Nifty Fut (NSE-SEP)





Gap Up/Dw (Indicative)


SGX NIFTY 8075 -65



        NF-SEP LTP 8140
             
             
  SL >/< 5 POINTS FROM SLR        
             
  Intraday Swing  Trader        
      T1 T2 T3 SLR
Strong > 8050   8081-8100 8115-8135* 8160-8180 <8030
             
Weak < 8030   7994-7958 7944-7924* 7904-7883 >8050







FOR  Conservative Positional Trader









      T1 T2 T3 SLR
Strong > 8050   8100 8135* 8180-8200 <8030
             
Weak < 8030   7958 7924* 7883-7839 >8050