Trading with PT style

[praveen taneja]

WEEK AHEAD:- 1– 5 Feb 2010
Support 1:-4779 Resistance 1:-4985
Support 2 :-4670 Resistance 2:-5093
STRATEGY:- Side ways movement is expected next week. Nifty Futures is expected to
trade in a wide range of 4780-4988.
Buy Nifty Feb Future on dip to 4780-4790 levels with stop loss at 4760.
OR
Sell Nifty Feb Future on rally to 4970-4980 with stop loss at 5012.

 

[praveen taneja]

no buyinng heared .. avoid mkt for time being .. and use strict stoploss

 

[praveen taneja]

Strong & Weak Stocks This is list of 10 strong stocks:
Bank of Baroda, Rolta, Allahabad Bank, Siemens, Sun TV, Triveni, Orient Bank, Pantaloon Retail, GTL Infra & Uco Bank.
And this is list of 10 Weak stocks:
IOB, Ivrcl Infra, Orchid Chem, Praj Industry, LITL, Sesa Goa, Polaris, Sterlite India, GT Offshore & LT. Nifty is in Down trend

 

[praveen taneja]

Below 4847 level, expect profit booking up to 4795-4797 zone and thereafter slide may continue up to 4762-4764 zone by non-stop. Hurdles at 4886 & 4900 levels. Above these levels, rally may continue up to 4916-4918 zone and thereafter expect a jump up to 4949-4951 zone by non-stop. Sell if touches 4966-4968 zone. Stop Loss at 4999-5001 zone. On Negative Side, break below 4746-4748 zone can create panic up to 4713-4715 zone by non-stop. If breaks & sustains this zone then down trend may continue and have caution.

 

[praveen taneja]

FUNDS DATA
FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category Date Buy Value Sell Value Net Value
FII 29-Jan-2010 2966.14 3962.23 -996.09

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category Date Buy Value Sell Value Net Value
DII 29-Jan-2010 2328.14 1317.12 1011.02

 

[praveen taneja]

Be cautious as China performing badly ... Hang Seng making fresh low ... 2 years back Hang Seng had a major role on Indian Market to fall ...

 

[praveen taneja]

Nf fut
buy 4857.25 tgt 4868.05 / 4885.55 sl 4839.75
sell 4815.55 tgt 4804.75 / 4787.25 sl 4833.05

 

[praveen taneja]

View
FIIs are still continuing their selling in the market.
They were net sellers of Rs996cr in the cash
segment. Global cues are suggesting a negative
opening, today.
In the last trading session, I have seen build-up in
most of the put options. I believe it is a buying of
puts. However, build-up in the 4800 and 5000 call
options has also been observed. The 5000 levels is
seems to be a strong resistance for the market.
Traders can trade with positive bias in RELCAPITAL
and RPOWER around Rs780 and Rs144 level
respectively. As the stock is showing immediate
support around these levels.

 

[praveen taneja]

Markets staged smart recovery from the days low to close in the positive territory. On the daily chart we are
witnessing a bullish “Hammer” pattern at an important support levels(as shown in the chart).The low of the
hammer 15982 / 4766 will now act as support for the markets. Hence if indices trade convincingly above 16390 /
4894 levels, then indices are likely to test 16640 – 16840 / 4970 – 5030 levels. Since the intermediate trend is
down, markets may witness selling around these levels. Only a daily close above 16880 / 5035 will warrant a
review of the negative sentiments. On the flip side if the low of the hammer, 15982 / 4766, is breached then we
may witness continuation of down trend and indices may test 15800 – 15620 / 4700 – 4650 levels.

 

[praveen taneja]

china down -73 now