Daily Nifty Observer - InvestmentGuruIndia

Daily Nifty Observer
Issue - 1207
Nifty Outlook
January 06, 2015
Spot Nifty Daily Chart Analysis
Spot Nifty closed at 8378.40 levels, down
by 0.20% along with up trending trading
session with rise in volume which was
above its 20 period SMA. It made a high of
8410.40 levels and low of 8288.70 levels in
intraday.
Nifty closed above its 20 period, above its
50 periods and above its 200 periods SMA.
Momentum oscillator is indicating that
Nifty is trading in its over bought zone on
intraday chart.
Nifty closed above its 20 period SMA, and
only trading above its 20 period SMA will
be short to mid term bull phase for Nifty.
.........for Tuesday trading above 8380
levels will open for 8430/8465 levels;
major intraday support is at 8320
levels below 8350 levels .......
Recommendation
Buy Nifty (CMP - 8378) above 8380
levels for 8410/8440 levels with 8360 as
stop loss
For Tuesday, 8320 levels will be crucial
support while 8380 levels resistance and
Nifty likely to trade above 8380 levels.
fresh selling will arise sustaining below
8350 levels
Support
60 Minute Chart Analysis
8350/8320/8290
Resistence
8380/8410/8430
Market Strength Indicators
14 days RSI - Down by 1.37 points at
56.33 levels
14 days SchRSI - Down by 4.65 points
at 93.35 levels
Stochastic - Down by 9.36 points at
83.61 levels
TSI - Up by 2.29 points
Market Intensity
Indicator
NFP - At premium of 44.45 from
premium of 62.95 earlier
Advance - 749
Decline - 712
Volatility - Unchanged at 0.12 levels
from previous
Moving Average Indicator
20 days SMA - 8257.70
50 days SMA - 8319.87
200 days SMA - 7650.92
Bollinger Band - Trading below
Middle Band
Other Indicators
FII's Spot - Positive
DII's Spot - Negative
F&O - Negative
14 days Schotestics RSI (60 minutes chart) closed at 0.00 levels & traded across its 9 period EMA for whole of the trading session
and managed to close below it. On Tuesday it may come above its 9 period EMA levels allowing Nifty to trade above 8320 levels.
On Monday Nifty continued to trade above 8300 levels and closed at 8378 levels. On Tuesday 8350 and 8380 levels will provide
immediate support and resistance respectively to Nifty sustaining below or above which will set intraday tone for Nifty. Below 8350
levels nifty likely to move towards or below 8320 levels while sustaining above 8380 levels it may move towards or above 8410
levels on intraday.
240 Minute Chart Analysis
After five trading sessions of trading
below Super Trend, over 240 minutes
Heikin Candle since two days it closed
above it. Continuation of trading only
above it will continue bull trend in short
term else will be bear phase.
Today Nifty closed below 8380 levels.
Today Nifty closed above 7th speed line
on 240 minutes chart. Speed line is
drawn from the low of 7723.95
(17/10/14) and high of 8348.40
(03/11/14).
In 240 minute Heikin candle if nifty
trades above 7th speed line it is likely to
move towards 6th speed line for 8420
levels or above. However, if Nifty
manages to come below 7th speed line,
then it will come below 7820 levels in
next few 240 minutes candle.
Note on Nifty Intraday Price,OI & Volume (05/01/2015)
On Monday fall in Nifty (0.20 %) was registered with fall in Nifty January 14 futures open position (1.57%) and fall in Nifty spot intraday volume (4.04%).
Nifty fall with fall in OI and fall in volume indicating that the market is making its bottom and the higher probability is that the price will rise at some point
forward.
Current fall of 0.20 % in Nifty was due to long liquidation in Nifty January 14 series.
On Monday high long builds up in stocks future was there. Along with it, high shorts covering was there. Increase in fresh long builds up along with increase
in short covering will allow Nifty to trade above 8350 levels on Tuesday. High shorts build up along with it high long liquidation was also observed today and
if there is increase in it then it will force nifty to come below 8350 levels on intraday.
Stocks Corner
Break up of F&O Stocks on the basis of Price and OI Movement*
Fresh Long
ASHOKLEY
SKSMICRO
ABIRLANUVO
CAIRN
MRF
SIEMENS
GRASIM
YESBANK
VOLTAS
Long Liquidation
UNITECH
HINDPETRO HDIL
APOLLOTYRE MARUTI
TATAMOTORS
ENGINERSIN IGL
ADANIENT
AMTEKAUTO TATASTEEL IDFC
ONGC
IOC
BOSCHLTD
RELCAPITAL HAVELLS
INDIACEM
TITAN
JINDALSTEL ACC
CROMPGREAV
JSWENERGY
CIPLA
M&MFIN
CANBK
INDUSINDBK PETRONET
TATACOMM APOLLOHOSP GAIL
BATAINDIA ICICIBANK
ULTRACEMCO
BPCL
WIPRO
POWERGRID
Short Covering
ADANIPORTS LT
TVSMOTOR
JUBLFOOD
TATAMTRDVR AXISBANK
WOCKPHARMA
CENTURYTEX
ADANIPOWER BHARATFORG NFTYMCAP50
CNXPSE
IBREALEST
BIOCON
JPPOWER
GODREJIND
ASIANPAINT
NIFTY
NTPC
ORIENTBANK
COLPAL
HINDZINC
IOB
RANBAXY
HEXAWARE
BANKNIFTY ARVIND
KOTAKBANK JUSTDIAL
DIVISLAB
BHEL
SYNDIBANK CNXIT
DABUR
KTKBANK
ANDHRABANK BHARTIARTL
BANKBARODA IFCI
JSWSTEEL
BANKINDIA
GMRINFRA
TATACHEM
PFC
NHPC
JISLJALEQS
IDBI
ALBK
TECHM
CNXINFRA
RECLTD
RELINFRA
FEDERALBNK
HDFC
JPASSOCIAT UPL
OFSS
TATAPOWER
UNIONBANK
SUNTV
GLENMARK
ZEEL
UBL
HDFCBANK
MCLEODRUSS
HCLTECH
DLF
Fresh Short
LICHSGFIN
IBULHSGFIN
EICHERMOT
TATAGLOBAL
STAR
HEROMOTOCO CESC
HINDUNILVR EXIDEIND
ITC
BAJAJ-AUTO
RPOWER
PTC
L&TFH
SUNPHARMA
AUROPHARMA AMBUJACEM
COALINDIA
NMDC
INFY
PNB
DISHTV
RCOM
MOTHERSUMI HINDALCO
SRTRANSFIN IDEA
LUPIN
M&M
RELIANCE
TCS
MINDTREE
IRB
SAIL
SBIN
SSLT
UCOBANK
DRREDDY
* the list is for information purpose only and in no way is buy/sell recommendation
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