Trading with PT style

[praveen taneja]

SENTIMENT INDICATOR
PCR of index options is at 1.17 last trading session’s 1.27. PCR of
Stock options is at 0.28 0.27 last trading session’s 0.27. PCR of
total F&O is at 1.04 last trading session’s 1.13 the advances are
701; declines are 583. The implied volatility has increased to 20.28
from last trading session’s 20.03

 

[praveen taneja]

FII DERIVATIVES STATISTICS FOR 08-Jan-2010
BUY SELL OPEN INTEREST AT THE END OF THE DAY
No. of contracts Amt in Crores No. of contracts Amt in Crores No. of contracts Amt in Crores
INDEX FUTURES 20921 561.76 32430 858.25 464889 12502.63 -296.49
INDEX OPTIONS 70180 1800.54 65641 1676.66 1059025 27782.77 123.88
STOCK FUTURES 22632 830.69 36583 1430.20 779537 26543.77 -599.51
STOCK OPTIONS 59 1.75 155 4.91 11386 347.20 -3.15
Total -775.26

 

[praveen taneja]

Nifty maintained above its crucial support at 5160 throughout the week, However, Nifty could not show
strength above 5300 levels. Short term trend may remain up as long as Nifty trades above 5160 levels. Until
Nifty shows strength above 5300 levels, higher prices may not be seen. On maintaing below 5160 levels,
selling pressure may be seen. In 5160-5300 levels, range bound and volatility may be seen.
For trading during the coming trading sessions, trend deciding level is 5260. If Nifty shows strength above 5260
levels then we may see rally to 5300//5350/5395. If Nifty doesn’t sustain above 5260 then decline to 5225/5190/5160/
5090 may be seen.

 

[praveen taneja]

Technical View: NIFTY Future
Nifty January Future opened at 5225, tested the high of 5303.25 and then due to profit taking at higher levels closed
at 5249.45. The main point to be noted is that Nifty future traded above 5200 whole week. Nifty future is now in
uptrend with the support level of 5180, possible resistance will be 5350-5400. If Nifty future decline below 5180 levels
then selling pressure till 5120-5050 levels may also be seen.
Trading strategy for Medium term Traders: On Medium term basis, Nifty has support zone of 5150-5200. Medium
term resistance zone is 5350-5400. Buying on dips may be considered around 5150-5200 level with the short term SL
of 5100 for the target of 5250-5310-5350.
Trading strategy for Short term Traders: Short term trend of Nifty is uptrend & buying on dips may be considered
around 5200-5225 level with the SL of 5180 for the target of 5270-5310. If Nifty trades below 5180 in coming few
sessions, then it may test the levels of 5120-5080.
For day-trading purposes on Monday: Buy positions may be taken in Nifty Futures on intraday dips around 5225
with the SL of 5200, for likely target of 5270-5295.

 

[praveen taneja]

With start of year, Indices was seen hitting multi-months high .There were manysupporting factors which dictated the market to break the resistance of 5300 levels.The chief economic adviser to the finance ministry, Kaushik Basu commented thatthe government may not tighten the monetary policy since inflationary pressure aremainly caused by high food prices. This receded the fears of investors on monetarytightening. Meanwhile, the Indian industry urged the government to continue withthe fiscal stimulus at least for six months. Tax -free reform for the Food processingIndustry also positively changed the mood of investors. By the end of week, themarket closed lower since prices were seen consolidating low from the higherlevels and profit booking among the traders drifted the market down.
The IIP data which is scheduled on 12th Jan (Expectation: 10.6%) will dictatemarket trend on the forthcoming week. Global market seems to remain mixed andtaking the cue, the market is expected to remain in range bound movementbetween 5160-5350 levels. Resistance is seen at 5390 levels .The break of theresistance level and sustaining of it would take market in the positive direction.Support is seen at 5120 levels and break of it could further take lower levels.Meanwhile the supporting indicators RSI and the MACD remains in positiveterritory.

 

[praveen taneja]

Friends my odin is not working so only one trade i did
took 5200 put and 5400 call combine cost 105 lets see
kab tak mkt yahaan rahegi tgt 150 on one leg this week

 

[gbiradar]

PT Bhai still short on RIL?? If yes what is the target price u r looking for? If no can we go long now?

 

[praveen taneja]

Small Caps surging buzzes alarm bells


Although the week started on a positive note, there was evident profit booking towards the end of the week. The indications are clear negative based on the options writing. Also note every other small cap was hitting few percentages up setting warning bells.



Coming week is full of news and data. IIP numbers for November 2009 will be out on 12th Jan and Inflation data for December 2009 is due on 14 January

India's food price inflation eased slightly in late December, but experts believe a rise in fuel prices may elevate headline inflation, maintaining pressure on the central bank to tighten monetary policy due on 29th January by RBI

Major companies announcing Q3 results include, Infosys Technologies (on 12 January), Bajaj Auto (12 January), TCS (15 January), HDFC Bank (15 January), and Axis Bank (15 January).

Other companies announcing result are, Dhampur Sugar Mills, Exide Industries, Geojit BNP Paribas Financial, Maharashtra Scooters, Jaiprakash Hydro-Power, Bajaj Finserv, Mastek, Nectar Lifesciences, Piramal Life Sciences, Indowind Energy, TCI Finance, TTK Prestige, Rural Electrification Corporation, Bajaj Holdings, Texmaco, Infomedia 18, Sintex Industries, Tata Metaliks, Jindal Saw, Rallis India, CMC, Finolex Industries, Usha Martin, Orient Paper, South Indian Bank, GRUH Finance, IDBI Bank, Shree Renuka Sugars, Indusind Bank, Development Credit Bank, State Bank of Travancore, State Bank of Bikaner and Jaipur, NIIT Technologies, UCO Bank, Escorts, Camlin, Finolex Cables, and ETC Networks.

The mood indicates horizontal or downward move in the next week, as the rupee appreciation concerns would impact the future earnings of some of the major IT players, which could have a dent on the index.

 

[praveen taneja]

Nf fut
buy 5299.70 tgt 5307.35 / 5319.70 sl 5287.35
sell 5270.30 tgt 5262.65 / 5250.30 sl 5282.65

 

[praveen taneja]

ks oil is a good bet at cmp for a tgt of 90-100
public holding at 12% all in DII and FII and promoter hands
would love to add on every 5% fall lets see