Overall data indicates that Nifty is in a phase of consolidation with 5,400 remaining a strong base level. The upside currently seems to be capped around 5,600-5,620 levels. I expect the Nifty to trade in similar fashion as it is really lacking any leader or trigger to take it to higher level. If Nifty future sustains above 5600 and crosses 5620 levels then short covering would take it to 5700 levels in coming trading sessions, but if unable to hold 5470 levels, then selling pressure may be seen in the market towards 5400 or even lower levels. If Nifty fails to hold 5470 levels then hedge the position by buying 5400 strike price put.
Nifty swing on Friday was within the channel of flag formed and selling pressure started once resistance was touched. There is lack of direction while trading has become difficult, but till 5635 above close is not seen things are looking very negative and advance-decline ratio for a good day is also very bad, suggesting selected stock participating in pull-back rally typical of bear phase. Nifty 5443 breaks low in 34trading days which could put lot of pressure in market and as Inverted Pole & Pennant suggest target below 5000levels in nifty can be possible, if we close below 5470. Nifty has held 5470 the whole week. Nifty to turn positive should trade above 5635. Market to be out of bear phase we need 3-4days continuous close above 5755 being 200DMA, while 100DMA is 5667.
On option front, unwinding is seen in 5500, 5600 and 5700 strike while fresh Put addition was observed in 5500 and 5600 strike which indicates strong fight between bulls and bears to get their grip on the market. Option writers are holding the market in a narrow range, now only decisively range breakout on either side would decide further trend of the market. If Nifty sustains below 5470 levels then selling pressure may get intensified in the market towards 5400 levels On upside if it sustains above 5600 levels, then up move may be seen towards 5650-5700 levels.
Technical View:
COLPAL (CMP Rs.919) : The stock is a break-out above Rs.935 on closing basis and if closes above Rs.935 then Rs.1000 can be near term target for the stock.
SBIN (CMP Rs. 2649): Stock has formed invested pole & flag formation, Break-down below Rs.2600 and real target for the formation could be Rs.2325 around levels also. Stock is trading below all major moving averages with 100DMA Rs.2683 being strong resistance for the stock.
FOR V.S.S. SECURITIES
ADITYA SINGH
+919821521234
Monday, May 16, 2011
Tuesday, May 10, 2011
STAY CAUTIOUS
HELLO GUYS,
ITS TIME TO STAY CAUTIOUS, COOL AND CALM....LET NIFTY CROSS 5592 LEVELS & GIVE 2 CLOSES ABOVE 5630...THEN WE WILL CREATE LONG POSITION, OTHERWISE THERE IS WIDE GAP CREATED FOR 5400 LEVELS
LONG TERM TREND REMAIN BULLISH WITH DIWALI-YEAR END TARGET OF 6200+ ON NIFTY AND 21000/- ON SENSEX
LAST TWO SESSION HAS SEEN SOME FRESH FII'S BUYING, BUT IS IT ENOUGH TO LIFT NIFTY PASS 5630, LETS WAIT AND WATCH
FOR VSS SECURITIES & SECURITIES
ADITYA V. SINGH
+919821521234
+919987491949
http://www.vss-securities.com/
ITS TIME TO STAY CAUTIOUS, COOL AND CALM....LET NIFTY CROSS 5592 LEVELS & GIVE 2 CLOSES ABOVE 5630...THEN WE WILL CREATE LONG POSITION, OTHERWISE THERE IS WIDE GAP CREATED FOR 5400 LEVELS
LONG TERM TREND REMAIN BULLISH WITH DIWALI-YEAR END TARGET OF 6200+ ON NIFTY AND 21000/- ON SENSEX
LAST TWO SESSION HAS SEEN SOME FRESH FII'S BUYING, BUT IS IT ENOUGH TO LIFT NIFTY PASS 5630, LETS WAIT AND WATCH
FOR VSS SECURITIES & SECURITIES
ADITYA V. SINGH
+919821521234
+919987491949
http://www.vss-securities.com/
Thursday, May 5, 2011
BOOK PROFIT
SAFE TRADERS BOOK PROFIT IN
BANK OF INDIA @ 410
IBREAL ESTATE @ 121
RISKY TRADERS WAIT FOR FURTHER TARGET
FOR VSS SECURITIES
ADITYA V SINGH
+919821521234
BANK OF INDIA @ 410
IBREAL ESTATE @ 121
RISKY TRADERS WAIT FOR FURTHER TARGET
FOR VSS SECURITIES
ADITYA V SINGH
+919821521234
Wednesday, May 4, 2011
TODAYS OUTLOOK
TODAYS OUTLOOK:
Trading Range
The Nifty opened at 5689.70, moved up to an intra-day high of 5710.80, declined to an intra-day low of 5554.85 and closed at 5565.25.
Review
The Nifty had a mixed trading session. It opened negative, has moved both ways and has come off from its intra-day high after receiving selling pressure at higher levels. It finally ended sharply in negative territory on higher volume.
Outlook
Volatility may continue. An intra-day downside seems possible below the 5562 level while significant support at lower levels of 5510 may limit the downside. Our outlook for the day is neutral. We expect resistance at the 6005+ level and support at the 5510 level.
FOR V.S.S. SECURITIES
ADITYA VIKRAM SINGH
+919821521234
http://www.vss-securities.com/
Trading Range
The Nifty opened at 5689.70, moved up to an intra-day high of 5710.80, declined to an intra-day low of 5554.85 and closed at 5565.25.
Review
The Nifty had a mixed trading session. It opened negative, has moved both ways and has come off from its intra-day high after receiving selling pressure at higher levels. It finally ended sharply in negative territory on higher volume.
Outlook
Volatility may continue. An intra-day downside seems possible below the 5562 level while significant support at lower levels of 5510 may limit the downside. Our outlook for the day is neutral. We expect resistance at the 6005+ level and support at the 5510 level.
FOR V.S.S. SECURITIES
ADITYA VIKRAM SINGH
+919821521234
http://www.vss-securities.com/
Tuesday, May 3, 2011
CALLS FOR 04-05-2011
HELLO GUYS,
TODAY WAS A DISAPPOINTING DAY AS OUR 50 POINTS WAS TAKEN BY NIFTY, DON'T WORRY WE WILL COVER IT FURTHER. AS TODAY NIFTY WAS IN NO MOOD TO RESPECT ANY TECHNICAL LEVELS.
ANY WAYS THE BOUNCE WILL ALSO BE JUST LIKE FALL....HEAVY BOUNCE BACK IS EXPECTED IN COMING DAYS, MEAN WILL I AM GIVING SOME CALLS AS BELOW
1) LONG BANK OF INDIA @ OPENING WITH RS. 10/- SL TARGET 410-418-444
2) LONG IBREALESTATE @ OPENING WITH SL @ 108 FOR TARGET 121-128-138
STAY TUNED FOR FURTHER UPDATES
FOR V.S.S. SECURITIES & INVESTMENTS
ADITYA V. SINGH
+919821521234
http://www.vss-securities.com/
TODAY WAS A DISAPPOINTING DAY AS OUR 50 POINTS WAS TAKEN BY NIFTY, DON'T WORRY WE WILL COVER IT FURTHER. AS TODAY NIFTY WAS IN NO MOOD TO RESPECT ANY TECHNICAL LEVELS.
ANY WAYS THE BOUNCE WILL ALSO BE JUST LIKE FALL....HEAVY BOUNCE BACK IS EXPECTED IN COMING DAYS, MEAN WILL I AM GIVING SOME CALLS AS BELOW
1) LONG BANK OF INDIA @ OPENING WITH RS. 10/- SL TARGET 410-418-444
2) LONG IBREALESTATE @ OPENING WITH SL @ 108 FOR TARGET 121-128-138
STAY TUNED FOR FURTHER UPDATES
FOR V.S.S. SECURITIES & INVESTMENTS
ADITYA V. SINGH
+919821521234
http://www.vss-securities.com/
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