Trading with PT style
- Thread starter praveen taneja
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Exit long on rise to 17500-17750: Hitendra Vasudeo
Technical Analyst, Hitendra Vasudeo: Last week, the Sensex opened at 16655.75 and maintained the same as the low of the week. Further, it moved up to a high of 17361.75 and closed the week at 17101.54 and thereby showed a net rise of 469 points on a week-to-week basis.
Technical Analyst, Hitendra Vasudeo: Last week, the Sensex opened at 16655.75 and maintained the same as the low of the week. Further, it moved up to a high of 17361.75 and closed the week at 17101.54 and thereby showed a net rise of 469 points on a week-to-week basis.
Nifty likely to witness range of 5160-5055: Bhambwani
Technical Analyst, Vijay Bhambwani: The markets opened on a steady note and ended the session with with small losses as the bulls were unsuccessful in keeping the Nifty above the 5155 threshold on a sustained basis. Being a weekend session, the buying enthusiasm was curtailed along expected lines. The midcap and technology stocks were the out performers in the markets. The traded volumes were lower which is a routine indicator for a weekend session. The market breadth was negative as the BSE & NSE combined advance decline ratio was 1959 : 2171 The capitalisation of the breadth was positive as the commensurate figures were Rs 12492 Crs : Rs 7280 Crs. The NSE shed Rs 9105 Crs in market capitalisation.
Technical Analyst, Vijay Bhambwani: The markets opened on a steady note and ended the session with with small losses as the bulls were unsuccessful in keeping the Nifty above the 5155 threshold on a sustained basis. Being a weekend session, the buying enthusiasm was curtailed along expected lines. The midcap and technology stocks were the out performers in the markets. The traded volumes were lower which is a routine indicator for a weekend session. The market breadth was negative as the BSE & NSE combined advance decline ratio was 1959 : 2171 The capitalisation of the breadth was positive as the commensurate figures were Rs 12492 Crs : Rs 7280 Crs. The NSE shed Rs 9105 Crs in market capitalisation.
Markets rallied smartly at the beginning of the week owing to
strong gross domestic product numbers and easing Dubai debt
woes. The benchmark indices consolidated at higher levels in the
second half of the week. The Sensex touched a fresh six-week high
at 17,361, and finally closed with a gain of 2.8 per cent (470
points) at 17,102. Among the index stocks - Tata Motors zoomed
nearly 13 per cent to Rs 710. Hindalco soared 11 per cent to Rs
147. Bharti Airtel, DLF, Reliance Communications, Sterlite, Jaiprakash Associates and Tata Steel surged 6-9 per cent each. On the other hand, Hero Honda and Hindustan Unilever ended with losses of 4 per cent each.
The Bollinger bands have got narrower suggesting a range of 17,400-16,500 for the index. Two consecutive closes above 17,400 should trigger a fresh upmove with immediate target around 18,100-18,600. On the downside, the index has considerable support around 16,940 and
16,780. A sustained stay below 16,500 could negate the uptrend. One could expect weakness in the first half of the coming week. So there is a need to watch the downside levels closely. While the daily oscillators are close to indicating selling pressure, the weekly oscillators are still firmly in the buy mode.
The NSE Nifty moved in a range of 239 points. The index touched a high of 5,181. and finally
settled with a gain of 3.4 per cent (167 points) at 5,109. The trading band for the Nifty has narrowed down to 5,183-4,890. One needs to watch these levels closely for a breakout on
either side.
Currently, the bias is positive as the index has closed above its short-term and medium-term moving averages. While the short-term (20-days) moving average is at 4,988, the medium-term (50-days) moving average is at 4,890.
strong gross domestic product numbers and easing Dubai debt
woes. The benchmark indices consolidated at higher levels in the
second half of the week. The Sensex touched a fresh six-week high
at 17,361, and finally closed with a gain of 2.8 per cent (470
points) at 17,102. Among the index stocks - Tata Motors zoomed
nearly 13 per cent to Rs 710. Hindalco soared 11 per cent to Rs
147. Bharti Airtel, DLF, Reliance Communications, Sterlite, Jaiprakash Associates and Tata Steel surged 6-9 per cent each. On the other hand, Hero Honda and Hindustan Unilever ended with losses of 4 per cent each.
The Bollinger bands have got narrower suggesting a range of 17,400-16,500 for the index. Two consecutive closes above 17,400 should trigger a fresh upmove with immediate target around 18,100-18,600. On the downside, the index has considerable support around 16,940 and
16,780. A sustained stay below 16,500 could negate the uptrend. One could expect weakness in the first half of the coming week. So there is a need to watch the downside levels closely. While the daily oscillators are close to indicating selling pressure, the weekly oscillators are still firmly in the buy mode.
The NSE Nifty moved in a range of 239 points. The index touched a high of 5,181. and finally
settled with a gain of 3.4 per cent (167 points) at 5,109. The trading band for the Nifty has narrowed down to 5,183-4,890. One needs to watch these levels closely for a breakout on
either side.
Currently, the bias is positive as the index has closed above its short-term and medium-term moving averages. While the short-term (20-days) moving average is at 4,988, the medium-term (50-days) moving average is at 4,890.
Nifty will break 5000
Dubai crisis was a big overreaction which was wisely ignored by the Global markets. Indian stocks surged due to a combination of an ongoing recovery in the economy (good GDP numbers) and ample global liquidity.
Indian Government will publish numbers of industrial production for October 2009 on Friday, 11 December. Besides this there aren't any more cues from the domestic front. Global markets will mostly guide our market in the next few days.
Fresh call build up in the 5200 and 5300 strikes signifies bullish scenario. However there was aggressive put writing till the 5000 strikes, the 5100, 5200 and 5300 strike puts witnessed put buying thus indicating that there is some cautious move.
We believe that in the coming week, Nifty will break 5000 and might go upto 4980/4960/4940 and thereafter should bounce back in the later part of the week.
Meanwhile, the initial public offer (IPO) of JSW Energy opens for bidding on Monday, 7 December 2009. Two days later, the IPO of Godrej Properties opens for bidding.
Dubai crisis was a big overreaction which was wisely ignored by the Global markets. Indian stocks surged due to a combination of an ongoing recovery in the economy (good GDP numbers) and ample global liquidity.
Indian Government will publish numbers of industrial production for October 2009 on Friday, 11 December. Besides this there aren't any more cues from the domestic front. Global markets will mostly guide our market in the next few days.
Fresh call build up in the 5200 and 5300 strikes signifies bullish scenario. However there was aggressive put writing till the 5000 strikes, the 5100, 5200 and 5300 strike puts witnessed put buying thus indicating that there is some cautious move.
We believe that in the coming week, Nifty will break 5000 and might go upto 4980/4960/4940 and thereafter should bounce back in the later part of the week.
Meanwhile, the initial public offer (IPO) of JSW Energy opens for bidding on Monday, 7 December 2009. Two days later, the IPO of Godrej Properties opens for bidding.
Views of an astrological blogs on nifty
Nifty 5225 & 5335
This week ( 7 Dec. to 11 Dec.) market trend may very volatile, maybe bullish trend. Nifty maybe trade 5035 to 5335 renge. Below 5115 Nifty maybe trade 5075 and 5035. Above 5115 Nifty maybe trade 5175, 5225, 5275 & 5335. In December month, for long position keep stoploss 5020. Below 5020 Nifty maybe trade 4884 and below 4848 maybe trade 4664 level.
Nifty 5225 & 5335
This week ( 7 Dec. to 11 Dec.) market trend may very volatile, maybe bullish trend. Nifty maybe trade 5035 to 5335 renge. Below 5115 Nifty maybe trade 5075 and 5035. Above 5115 Nifty maybe trade 5175, 5225, 5275 & 5335. In December month, for long position keep stoploss 5020. Below 5020 Nifty maybe trade 4884 and below 4848 maybe trade 4664 level.
Asian Markets
Asian shares trading mixed on Monday.
Nikkei Stock Average 225 up 140.55 points at 10,163.14.
Hang Seng Index down 169.50 points at 22,328.65.
KOSPI Index up 0.22 pct at 1,628.28.
Shanghai Composite Index down 0.25 pct at 3,308.59.
US Markets
US Markets ended higher on Friday.Dow Jones industrial average up 23 points,up 0.22 percent, to 10,389. The Standard & Poor's 500 index up 6 points,up 0.55 percent, to 1,106. The tech-heavy Nasdaq composite index up 21 points,up 0.98 percent, to 2,194.
Asian shares trading mixed on Monday.
Nikkei Stock Average 225 up 140.55 points at 10,163.14.
Hang Seng Index down 169.50 points at 22,328.65.
KOSPI Index up 0.22 pct at 1,628.28.
Shanghai Composite Index down 0.25 pct at 3,308.59.
US Markets
US Markets ended higher on Friday.Dow Jones industrial average up 23 points,up 0.22 percent, to 10,389. The Standard & Poor's 500 index up 6 points,up 0.55 percent, to 1,106. The tech-heavy Nasdaq composite index up 21 points,up 0.98 percent, to 2,194.
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RIL BONUS SHARES WILL BE TRADED TMRW
Reliance Industries Ltd , today said the bonus shares allotted by the company last month have been listed on stock exchanges and will
be traded from tomorrow.
“The bonus shares have been listed with National Stock Exchange of India Limited and the Bombay Stock Exchange Limited and have been admitted for dealing with effect from December 7, 2009,” Reliance Industries said in a statement issued here.
The Mukesh Ambani-led company had, last month, approved 1:1 issuance of bonus shares after a 12-year hiatus. The last time RIL announced a bonus issue was in October 1997.
The petrochemical giant’s scrip is one of the top traded counters on the bourse and witnesses lakhs of shares changing hands every day. RIL'Ss shares closed at Rs 1089.05 on Friday on the Bombay Stock Exchange, down by 1.13 per cent.
Reliance Industries, which carries the most weight on the benchmark Sensex, has gained as much as 78 per cent till November 26 when it went ex-bonus.
The bonus shares were alloted to eligible shareholders on November 28, as per their shareholdings on the record date (November 27).
RIL BONUS SHARES WILL BE TRADED TMRW
Reliance Industries Ltd , today said the bonus shares allotted by the company last month have been listed on stock exchanges and will
be traded from tomorrow.
“The bonus shares have been listed with National Stock Exchange of India Limited and the Bombay Stock Exchange Limited and have been admitted for dealing with effect from December 7, 2009,” Reliance Industries said in a statement issued here.
The Mukesh Ambani-led company had, last month, approved 1:1 issuance of bonus shares after a 12-year hiatus. The last time RIL announced a bonus issue was in October 1997.
The petrochemical giant’s scrip is one of the top traded counters on the bourse and witnesses lakhs of shares changing hands every day. RIL'Ss shares closed at Rs 1089.05 on Friday on the Bombay Stock Exchange, down by 1.13 per cent.
Reliance Industries, which carries the most weight on the benchmark Sensex, has gained as much as 78 per cent till November 26 when it went ex-bonus.
The bonus shares were alloted to eligible shareholders on November 28, as per their shareholdings on the record date (November 27).
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