Trading with PT style
- Thread starter praveen taneja
- Start date
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Below 4943-4945 zone, selling may continue up to 4932 level and thereafter slide may continue up to 4906-4908 zone by non-stop.
Hurdles at 4963 & 4977 levels. Above these levels, expect short covering up to 5015-5017 zone and thereafter expect a jump up to 5052-5054 zone by non-stop.
Sell if touches 5064-5066 zone. Stop Loss at 5102-5104 zone.
On Negative Side, break below 4893-4895 zone, it can tumble up to 4856-4858 zone by non-stop. If breaks & sustains this zone then downtrend may continue.
Hurdles at 4963 & 4977 levels. Above these levels, expect short covering up to 5015-5017 zone and thereafter expect a jump up to 5052-5054 zone by non-stop.
Sell if touches 5064-5066 zone. Stop Loss at 5102-5104 zone.
On Negative Side, break below 4893-4895 zone, it can tumble up to 4856-4858 zone by non-stop. If breaks & sustains this zone then downtrend may continue.
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 12-Nov-2009 2517.64 2448.88 68.76
DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category Date Buy Value Sell Value Net Value
DII 12-Nov-2009 1544.05 1652.86 -108.81
FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category Date Buy Value Sell Value Net Value
FII 12-Nov-2009 2517.64 2448.88 68.76
DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category Date Buy Value Sell Value Net Value
DII 12-Nov-2009 1544.05 1652.86 -108.81
F&O Outlook: Nifty to hit new high
The FIIs long build-up in the Nifty futures and short covering in stocks futures during the week ended November 13 augur well for the market. The Nifty expected to hit a new high in the coming week if it crosses a crucial resistance at 5,060. On the down side the 4,940 is healthy support and below that 4,860 is the crucial support level. The Nifty rose over four per cent during the week largely due to short covering from the foreign investors in Nifty futures and stocks futures.
The FIIs long build-up in the Nifty futures and short covering in stocks futures during the week ended November 13 augur well for the market. The Nifty expected to hit a new high in the coming week if it crosses a crucial resistance at 5,060. On the down side the 4,940 is healthy support and below that 4,860 is the crucial support level. The Nifty rose over four per cent during the week largely due to short covering from the foreign investors in Nifty futures and stocks futures.
Sensex may drift down to 12500, -ve on RIL: Shankar Sharma
Shankar Sharma, Vice-Chairman and Joint Managing Director, First Global, says the Sensex can drift down to 12,000-12,500. He feels the next 3-4 months would to be challenging for equities. “We are looking at a 20% fall in global markets, so India would sell off more if they fall.”
Shankar Sharma, Vice-Chairman and Joint Managing Director, First Global, says the Sensex can drift down to 12,000-12,500. He feels the next 3-4 months would to be challenging for equities. “We are looking at a 20% fall in global markets, so India would sell off more if they fall.”
Resistance seen around 16,940
Barring intra-day corrections, the market displayed a firm trend throughout the week. The Sensex rallied 4.27 per cent (691 points) to end at 16,849. IT, metals and select banking stocks were the major gainers during the week.
Among the index stocks — Tata Motors zoomed nearly 9 per cent to Rs 570. Reliance backed by the new oil find and bonus issue surged over 8 per cent to Rs 1,957. The company’s AGM is scheduled for November 17, when the record date for the bonus issue may be announced. Being a heavyweight, it is likely to remain one of the major factors for a market swing in the coming day.
TCS, ICICI Bank, Infosys, Mahindra & Mahindra, Grasim, Wipro, Reliance Infrastructure and HDFC Bank were also up around 5-8 per cent. Bharti Airtel, however, shed nearly 6 per cent at Rs 301. DLF and Reliance Communications were the other notable losers.
Technically, the picture is getting better for the Sensex. The index, after having retraced over 61.8 per cent of the recent fall, now looks set to counter the 80 per cent retracement level at 17,060. However, the monthly charts indicate some resistance around 16,940, above which the bulls are likely to have the upper hand. In case of a down move, the Sensex is likely to find considerable support around 16,550-16,380.
The NSE Nifty moved in a band of 228 points, from a low of 4,790 the index surged to a high of 5,018, and finally settled with a gain of 4.23 per cent (203 points) at 4,999.
The Nifty needs to sustain above 5,020 for a continued upmove. On the downside, its decline to 4,870 could see the index weaken further. Currently, the index is well above its short-term and mid-term moving averages, which is a positive sign. However, select oscillators have moved to the overbought zone on the daily charts.
Barring intra-day corrections, the market displayed a firm trend throughout the week. The Sensex rallied 4.27 per cent (691 points) to end at 16,849. IT, metals and select banking stocks were the major gainers during the week.
Among the index stocks — Tata Motors zoomed nearly 9 per cent to Rs 570. Reliance backed by the new oil find and bonus issue surged over 8 per cent to Rs 1,957. The company’s AGM is scheduled for November 17, when the record date for the bonus issue may be announced. Being a heavyweight, it is likely to remain one of the major factors for a market swing in the coming day.
TCS, ICICI Bank, Infosys, Mahindra & Mahindra, Grasim, Wipro, Reliance Infrastructure and HDFC Bank were also up around 5-8 per cent. Bharti Airtel, however, shed nearly 6 per cent at Rs 301. DLF and Reliance Communications were the other notable losers.
Technically, the picture is getting better for the Sensex. The index, after having retraced over 61.8 per cent of the recent fall, now looks set to counter the 80 per cent retracement level at 17,060. However, the monthly charts indicate some resistance around 16,940, above which the bulls are likely to have the upper hand. In case of a down move, the Sensex is likely to find considerable support around 16,550-16,380.
The NSE Nifty moved in a band of 228 points, from a low of 4,790 the index surged to a high of 5,018, and finally settled with a gain of 4.23 per cent (203 points) at 4,999.
The Nifty needs to sustain above 5,020 for a continued upmove. On the downside, its decline to 4,870 could see the index weaken further. Currently, the index is well above its short-term and mid-term moving averages, which is a positive sign. However, select oscillators have moved to the overbought zone on the daily charts.
Global mkts to decide if Nifty can go to 5,200
The Nifty closed around the 5,000 mark today, up about 50 points odd but is up 4% for the week. The Oil Ministry proposed a 31% hike in the price of natural gas.
ONGC and Oil India reacted very positively to the news. The Disinvestment Secretary outlined the parameters for the disinvestment candidates, and said that the new PSU FPOs will follow the book building auction route.
The Nifty closed around the 5,000 mark today, up about 50 points odd but is up 4% for the week. The Oil Ministry proposed a 31% hike in the price of natural gas.
ONGC and Oil India reacted very positively to the news. The Disinvestment Secretary outlined the parameters for the disinvestment candidates, and said that the new PSU FPOs will follow the book building auction route.
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