NIFTY near resistance level of 5300 and moving to expiry,reliance is looking for global investors to offload some more treasury stock sale as per various news channels.
But with global recovery signals are coming from various regions and all major regulators keep their interest rates unchanged,reliance will sell stocks above 1050 levels but below 1100 levels.Because 2200-2210 was its long term resistance before bonus issue.
Many experts are betting on RELIANCE after seeing their advance tax numbers,but no one know whether how many treasury sale they will add in next quarter result.
CHINESE BUBBLE OR DOLLAR BUBBLE WHICH WILL BURST FIRST ?
Watch Video were expert command on significant issue of dollar bubble
HOW LIFE INSURANCE CORPORATATION DO THIS ?
As per sources LIC subscribed 70% of NMDC FPO which get subscribed in last friday for 1.X times.Out of 22 Cr shares to FII only 8lakhs was only subscribed that gives indication how over priced issue was.Then how can LIC who is largest Investment company of India subscribed to this much amount of Issue.
LIC have their on reason like NMDC will be coming to Index with in months ,or they have enough inflows to subscribe to issue etc.Let see which fund subscribe after full information came out.Peers of NMDC working in lower P.E multiple it was strange that LIC gone for this much subscription
I think it will be safe to assume Company have pressure from Government to Subscribe that much.
LIC have their on reason like NMDC will be coming to Index with in months ,or they have enough inflows to subscribe to issue etc.Let see which fund subscribe after full information came out.Peers of NMDC working in lower P.E multiple it was strange that LIC gone for this much subscription
I think it will be safe to assume Company have pressure from Government to Subscribe that much.
RESISTANCE ARE NOW BOARING AREAS
Sorry,Readers am not blogging about market in these days,But NIFTY moving in very tight range ,so any tip about Nifty will trigger in both sides.Same about NIFTY OPTIONS too,Buy 5100 CALL only after NIFTY spot cross 5180 ,this will trigger Short covering and take market to 5250 levels ,But if market stay in this level go for 5100 PUT.5000 PUT is the most SOLD in this March Contract.So NIFTY going below to 4950 levels should need some bad global news.
STOCK TO WATCH
Shree Ashtavinayak Cine Vision Ltd after continuous lower circuits stock traded full day and closed above lower circuit.Long Term MACD crossed over to Positive territory.
STOCK TO WATCH
Shree Ashtavinayak Cine Vision Ltd after continuous lower circuits stock traded full day and closed above lower circuit.Long Term MACD crossed over to Positive territory.
MARKET IN BEAR TRAP OR BUDGET RALLY TO FOLLOW ?
Market tests patience of investors last week and given two way movement and closed flat.To main view for next week either market caught in bear trap or budget rally expect in this four trading section.
But one think sure nifty close below 150-200 points in this week will make market from "BUY ON DIP to SELL ON RALLY".Market getting strength from 10 & 21 DMA which moving close to crossover with downward bias in weekly chart.
Check what happened in SENSEX weekly chart when cross over of 21 DMA in upwards bias in MARCH 2009.(GREEN 21 DMA ,RED 10 DMA )
But one think sure nifty close below 150-200 points in this week will make market from "BUY ON DIP to SELL ON RALLY".Market getting strength from 10 & 21 DMA which moving close to crossover with downward bias in weekly chart.
Check what happened in SENSEX weekly chart when cross over of 21 DMA in upwards bias in MARCH 2009.(GREEN 21 DMA ,RED 10 DMA )
NIFTY CLOSED NEAR SUPPORT LEVEL OF 4740
Nifty failed to stay above 4800 levels ,from morning onwards 4800 PUT having Writing with huge volume.Sensex closed at 15922, down 120 points and Nifty at 4757, down 35 points from the previous close. CNX Midcap index was down 0.14% and BSE Smallcap index was up 0.10%. The market breadth was positive with advances at 571 against declines of 691 on the NSE. Top Nifty gainers included BPCL, JP Associates and Unitech while losers were Cipla, SAIL and Mahindra & Mahindra.
NIFTY future in SGX closed at 4746 after making a low of 4723 while US market was failing after report of Stimulus removal Plan.
NIFTY future in SGX closed at 4746 after making a low of 4723 while US market was failing after report of Stimulus removal Plan.
NIFTY DOWN TURN STOPPED AT SUPPORT LEVELS ?
With bad world clues Sensex closed at 15791, down 434 points and Nifty at 4719, down 126 points from the previous close. CNX Midcap index was down 2.47% and BSE Smallcap index was up 3.25%. The market breadth was negative with advances at 126 against declines of 1162 on the NSE. Top Nifty gainers were Tata Power and HCL Technologies while losers were Hindalco, Ranbaxy and ONGC.
We taken support at crucial level of 4680 levels.Equde.com given 4680-4720 levels support last week as main support for market.(See chart of yesterday)5 DMA & 10 DMA moved close to 26 DMA.if there is a bounce back it will be coming tomorrow in special trading day because there will be no institution and FII tomorrow.
We taken support at crucial level of 4680 levels.Equde.com given 4680-4720 levels support last week as main support for market.(See chart of yesterday)5 DMA & 10 DMA moved close to 26 DMA.if there is a bounce back it will be coming tomorrow in special trading day because there will be no institution and FII tomorrow.
HOW TO TRADE IN NIFTY ?
Nifty moving in tight range of 4760-4950 which is good for traders,they can make profits in both sides.Investors don't panic and cut your positions,when caught in wrong trade.See today's and yesterdays market.New investment is not adviced in this level,sell or rally like yesterdays and cover short like today's and go light at end of the day.
In this narrow market don't go for Strategies like SYNTHETIC LONG CALL(buy stock and Buying put)or PROTECTIVE CALL /SYNTHETIC LONG PUT.Can do for intra day trades only because premium is too high in stocks as well as NIFTY.
Lets check WEEKLY CHART OF NIFTY given below
In chart there is three moving average lines (5,10,26 )when ever both 5 & 10 moving average cross over 26 DMA upper or lower side market given a big correction ,Please see chart area with arrow mark .Now look at current nifty position 26 DMA(Daily moving average) is flat and 5 & 10 DMA moving down but didn't cross downwards,market waiting for this to happen,So please wait BEARSs and BULLS.
Another Indicator ADX also showing trend is strong.
In this narrow market don't go for Strategies like SYNTHETIC LONG CALL(buy stock and Buying put)or PROTECTIVE CALL /SYNTHETIC LONG PUT.Can do for intra day trades only because premium is too high in stocks as well as NIFTY.
Lets check WEEKLY CHART OF NIFTY given below
In chart there is three moving average lines (5,10,26 )when ever both 5 & 10 moving average cross over 26 DMA upper or lower side market given a big correction ,Please see chart area with arrow mark .Now look at current nifty position 26 DMA(Daily moving average) is flat and 5 & 10 DMA moving down but didn't cross downwards,market waiting for this to happen,So please wait BEARSs and BULLS.
Another Indicator ADX also showing trend is strong.
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