FII DATA
FII16/09: -1303.41 Cr. (Prov)
DII16/09: 612.36 Cr. (Prov)
Intraday
NIFTY FUT: If uptrend continues then it will zoom up to 4109.90-4111.90 zone. Corrections up to 4052.30 can be used to buy. SL at 3945.55
Cash Market Intra-Day: ICICIBANK (NSE Cash CMP 586.70) going down. Sentiment is good. Take a risk and buy. SL at 580.70 level.
POSITIONAL TRADE ONLY >>>
SHORT MORE BANKINDIA TGT 273,265.
SHORT SBI TGT 1440,1400,STOPLOSS 1560.
CARRY OTHER SHORTS/PUTS FOR TOMMOROW AND KEEP SOME MARGINS TO SHORT MORE AT 4100-4150.
Positional call HOLD YOUR SHORTS AND KEEP MARGINS FOR HIGHER LEVELS AND STOP PANICKING IN EVERY 30-50 POINTS MOVE.HOLD YOUR SHORTS/PUTS AND CARRY FOR TOMMOROW.
INTRADAY
NIFTY FUT: If uptrend continues then it will zoom up to 4074.30-4076.30 zone. Corrections up to 3981.15 can be used to buy. SL at 3945.55 level.
Positional traders only SHORT SUZLON TGT 193,185.CARRY ALL OTHER SHORTS AS OF NOW.
BOOK PROFITS IN ICICI BANK AND USE THAT MARGIN AND SHORT MORE BANKINDIA.HOLD OTHER SHORTS/NIFTY PUTS.
Positional HOLD YOUR OLD SHORTS AND PUTS.
SHORT MCDOWELL,TGT1270,1230.SHORT ICICI BANK TGT 600,570.IF NIFTY spot TRADES BELOW 3950,TGT3920,3880.
HOLD ALL SHORTS/PUTS
Only positional traders
SHORT SBI ALSO,TGT 1440,1400.
HOLD OLD SHORTS AND KEEP A TARGET OF 160,190 FOR NIFTY 4000 PUTS.
ADD MORE SHORTS NEAR 4040-4090 RANGE.
INTRADAY
Cash Market Intra-Day: GVKPIL (NSE Cash CMP 32.65) going down. Sell with a Stop Loss of 33.65 level.
Cash Market Intra-Day: RNRL (NSE Cash CMP 77.70) going down. Sell with a Stop Loss of 78.70 level.
NIFTY FUT: Buy with a Stop Loss of 3945.55 level. Target at 4020.90-4022.90 zone.
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NIFTY FUTURES (F & O)
Selling may continue up to 4054
level for time being.Hurdles at 4079 & 4110 levels. Above these levels, expect short covering up to 4163-4165 zone by non-stop.
Sell if touches 4217-4219 zone
. Stop Loss is too far on upper side and can be placed at 4341-4343 zone.On Negative Side, if breaks & sustains at below 3999-4001 zone then downtrend may continue.
Short-Term Investors:
Reversal (Negative) is seen. Exit on rallies.
Short-Term Upward Target at 4395-4397 zone.
Short-Term Support at at 3946-3948 zone.
------------Strong & Weak futures
This is list of 10 Strong Future:
Maruti, BOB, Hind petro, Bharat petro, Jet airways, MPHASIS, Gas Authorit, AIA Engineering, Jindal saw ltd & ACC.
And this is the list of 10 Weak stocks:
HDIL, nsal prop &Inf. Sterlite inds, Chambal fert, Jindal steel, NDTV, Essar oil, DCB, Rel Cap & KPIT.
Nifty is in Down Trend.
----------------------The Dow Jones Industrial Average closed at 10,917.51. Down by 503.99 points.
The Broader S&P 500 closed at 1,192.70. Down by 59.00 points.
The Nasdaq Composite Index closed at 2,179.91. Down by 81.36 points.
The partially convertible rupee <INR=IN> ended at 46.05/06 per dollar on yesterday, weaker than Friday's close of 45.75/76.
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NMDC (NSE Cash):
Likely to Fall. Technically it should go down.Support at 238 level.
If breaks & sustains at below 238 level then downtrend may continue.Hurdle at 269 level. Supply expected at around this level. This supply should get absorbed too.
WELSPUN GUJ ST.RO. FUTURES (NSE): Likely to Fall. Suspicion is that yesterday's movement might be false signal too.
Support at 269 level.
If breaks & sustains at below 238 level then downtrend may continue.Hurdle at 294 level. Supply expected at around this level. This supply should get absorbed too.
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Arvind Parekh
+ 91 98432 32381
