Monday, February 28, 2011Trading Support & Resistance of NIFTY Spot - 01 March 2011Support :- 5268.90, 5204.55, 5100.50
Resistance :- 5437.30, 5541.35, 5605.70 Break - Even Point :- 5372.95 Positive if above and maintains 5372.95 Thursday, February 24, 2011NIFTY SPOT CAN GO UP TO 4996.08 BE ALERT......... 25 Feb 2011Major Support of NIFTY Spot :- 5254.11, 4996.08, 4532.61
On the basis of Major Support If NIFTY Spot Breaks 5254.11 then the next Major Support will be 4996.08. Earlier on 09 Feb 2011 NIFTY had broken the 1 Year Support that was 5275.62, on that date I had suggested that NIFTY Spot can go up to 5066.02 which is support on 2 year basis but after making the low of 5177 on 10 Feb 2011 NIFTY Spot became bounce from this level and made the high of 5546.45 on closing basis on 17 Feb 2011. Today on 24 Feb 2011 NIFTY Spot broke the first major support which was 5254.11 and made the low level 5242.50 and covered from that level and finally closed at 5262.70. Today FIIs have sold Stocks in Spot or cash market worth Rs. -2702.20 which is the highest selling amount in 2011 as well as 2010. See what the FIIs have done in Index Futures including NIFTY Future as well as in Spot also in last 4 days in Feb 2011 from 21 Feb 2011 to 24 Feb 2011 :-
If we see the last 4 days of FIIs in Index Futures and Spot from 21 Feb 2011 to 24 Feb 2011. Its clearly states that FIIs have taken short positions continuously and sold the stock positions also. In these last 4 days the total selling amount in Index Futures is Rs. -2475.44 Cr. ,which is Short Position have taken by FIIs and the total selling amount in Spot is Rs. -3888.5 Cr. All these positions have taken @ 5421.96 on average NIFTY Spot level basis. So, means to say on upside NIFTY Spot is not looking above 5430. If we see the below chart of NIFTY Spot from 21 Feb 2011 to 24 Feb 2011, its clearly states that FIIs have started creating fresh short position in Index Futures including NIFTY Future at ending of Feb 2011 expiry and no support is looking around downside. So more downside is there.  NIFTY SPOT FROM 21 FEB 2011 TO 24 FEB 2011 If we see the what FIIs have done in 2011 till 24 Feb 2011. See what the FIIs have done in 2011 :-
If we see the above table its clearly states that what the FIIs have created short Position in Index Futures including NIFTY Futures in Jan 2011 that is Rs. -4257.23 Cr @ 5732.31 NIFTY Spot level are not in mood to short cover this position at 5409 as well as the current level which is 5262.70. Today on 24 Feb 2011 FIIs did not cover their short position when today NIFTY Spot was down -175 Points at 5262.70. So what does it mean???? It means they want to short cover this position below 5262.70 on Spot basis. If we see the history of FIIs Trading in Index Futures in 2011, its clearly states whenever FIIs created short position on trading basis they covered this short position on average of -200 Points down in NIFTY Spot. I have already mentioned the data regrading this in 09 Feb 2011 Post, check the post of 09 Feb 2011 regarding for clarification. So less -200 points in NIFTY Spot at Current level means to say 5262.70 - 200 = 5062.70, we will see NIFTY Spot at this level in coming days. Fundamentally serious condition in Libya occurring now till resolved like Egypt and some other countries like Yemen, Jakarta also facing the same problem like in Liberia. So all these serious global matters will panic the market further. It will directly impact on the Crude Oil and expected to hike 113 on NYMX . So be alert now this time NIFTY Spot looking up to 4996.08 on both the technical and fundamental basis. Be Alerttttttttttttttt.................. What The FIIs have done in Index Futures including NIFTY Future & in Spot also on 24 Feb 2011 - 24 Feb 2011Today on 24 Feb 2011 FIIs have taken Short Position in Index Future including NIFTY Future Rs. -496.62 Cr. and also Sold in Spot Rs. -2702.20 Cr.
BOOK PROFIT IN Short NIFTY Future March Expiry @ 5330, SHORT CALL GAVE YESTERDAY BUT ACTIVE TODAY - 24 Feb 2011BOOK PROFIT IN Short NIFTY Future March Expiry @ 5330, SHORT CALL GAVE YESTERDAY BUT ACTIVE TODAY. Message gave at 13:21 PM today on 24 Feb 2011 BOOK PROFIT IN Buy NIFTY 5400 Put Feb Expiry @ Rs. 63, BUY CALL GAVE ON 16 FEB 2011 @ 34. - 24 Feb 2011BOOK PROFIT IN Buy NIFTY 5400 Put Feb Expiry @ Rs. 63, BUY CALL GAVE ON 16 FEB 2011 @ 34. Message gave at 13:21 PM today on 24 Feb 2011 BOOK PROFIT IN Short NIFTY 5600 Call March Expiry @ Rs. 64.25, SHORT CALL GIVEN ON 16 FEB 2011 @ RS.110. - 24 Feb 2011BOOK PROFIT IN Short NIFTY 5600 Call March Expiry @ Rs. 64.25, SHORT CALL GIVEN ON 16 FEB 2011 @ RS.110.
Message gave at 13:16 PM today on 24 Feb 2011 Trading Support & Resistance of NIFTY Spot - 25 Feb 2011Support :- 5195.66, 5128.63, 5014.76
Resistance :- 5376.56, 5490.43, 5557.46 Break - Even Point :- 5309.53 Positive if above and maintains 5309.53. NIFTY Spot can cover expected to higher limit of 5349 - 5376 not more than that. Overall looks weak. Wednesday, February 23, 2011Current Trading Strategy in NIFTY Spot - 24 Feb 2011NIFTY Spot is looking Conservatively Bearish on charts so following trading strategy can be adopt for current market :-
Short NIFTY Future March Expiry @ 5446 - 5475 + Buy NIFTY 5600 Call March Expiry @ Rs. 84.55 - 93.20 + Short NIFTY 5700 Call March Expiry @ Rs. 50 - 60 + Short NIFTY 5000 Put March Expiry @ Rs. 44 - 54. Trading Support & Resistance of NIFTY Spot - 24 Feb 2011Support :- 5411.53, 5385.81, 5343.88
Resistance :- 5479.18, 5521.01, 5546.83 Break - Even Point :- 5453.36 Positive If above and maintains 5453.36 Tuesday, February 22, 2011WHAT THE FII's ARE DOING IN 2011 - 23 FEB 2011
After analyzing this table Its clearly States that in Jan 2011 FIIs have Net Short Position in Index Futures including NIFTY Future is Rs. -4257.23 Cr. @ 5732.31 and in Feb 2011 FIIs have Net Long Position Rs. 1611.11 Cr @ 5417.43. Means to say the Short Position created @ 5732.31 of Rs. -4257.23 Cr covered @ 5417.43 of Rs. 1611.11 Cr out of Rs. -4257.23 Cr. So Rs. -2646.12 Cr. have remained to cover. If NIFTY Spot breaks 5410 - 5405 then it can create panic situation in the market. On upside NIFTY Spot is not looking above 5600 - 5610. Wednesday, February 16, 2011Current Trading Strategy In NIFTY (Positional Call) - 16 Feb 2011Short NIFTY Fut March Expiry @ 5500, Stop Loss 5530 + Short NIFTY 5600 Call March Expiry @ Rs. 110, Stop Loss Rs. 150 + Buy NIFTY 5400 Put Feb Expiry @ Rs. 34, Stop Loss Rs. 20 + Buy NIFTY 5400 Call Feb Expiry @ Rs. 115, Stop Loss Rs. 85(Hedge Position).
Tuesday, February 15, 2011Trading Support & Resistance of NIFTY Spot - 16 Feb 2011Support :- 5424.06, 5367.13, 5325.91
Resistance :- 5522.21, 5563.43, 5620.36 Break - Even Point :- 5465.28 Positive if above and maintains 5465.28 Friday, February 11, 2011STOP LOSS REVISED IN BUY NIFTY 5100 PUT RS. 15 TO RS. 10 - 11 Feb 2011STOP LOSS REVISED IN BUY NIFTY 5100 PUT RS. 15 TO RS. 10.
MESSAGE GAVE TO OFFICIAL READERS OF THE BLOG AT 15:05 PM What The FIIs have done in Index Futures including NIFTY Future & in Spot also on 11 Feb 2011 - 11 Feb 2011Today on 11 Feb 2011 FIIs have short covered of Rs. 1230.46 Cr. in Index Future including NIFTY Future but Sold in Spot of Rs. 537.71 Cr.
Buy NIFTY 5100 Put Feb Expiry @ Rs. 22 - 23, Stop Loss Rs. 15 - 11 Feb 2011Buy NIFTY 5100 Put Feb Expiry @ Rs. 22 - 23, Stop Loss Rs. 15
Message gave to official readers of the blog at 14:48 PM Thursday, February 10, 2011NIFTY SPOT RESISTANCE & SUPPORT ON LAST 6 MONTHS BASIS - 11 FEB 2011Support :- 5540.03, 5283.97, 5007.09
Resistance :- 6072.97, 6349.85, 6605.91 Break - Even Point :- 5816.91 Positive and full in bullish and expected to cross 6350 if above maintains 5816.91 Major Support & Resistance of NIFTY Spot - 11 Feb 2011Support :- 5254.11, 4996.08, 4532.61
Resistance :- 5975.61, 6439.08, 6697.11 Break - Even Point :- 5717.58 NIFTY will be in bullish if positive and maintains above 5717.58 in Feb 2011 Trading Support & Resistance of NIFTY Spot - 11 Feb 2011Support :- 5190.86, 5155.93, 5115.06
Resistance :- 5266.66, 5307.53, 5342.46 Break - Even Point :- 5231.73 Positive if above and maintains 5231.73 BOOK PROFIT IN BUY NIFTY 5300 CALL FEB EXPIRY @ RS.70 - 75 CURRENT CMP RS. 71 - 10 FEB 2011BOOK PROFIT IN BUY NIFTY 5300 CALL FEB EXPIRY @ RS.70 - 75 CURRENT CMP RS. 71.
MESSAGE GAVE TO OFFICIAL READERS OF THE BLOG AT 13:56 PM STOP LOSS TRIGGERED IN BUY NIFTY 5100 PUT FEB EXPIRY @ RS. 40 - 10 FEB 2011STOP LOSS TRIGGERED IN BUY NIFTY 5100 PUT FEB EXPIRY @ RS. 40.
MESSAGE GAVE TO OFFICIAL READERS OF THE BLOG AT 13:56 PM BUY NIFTY 5300 CALL FEB EXPIRY @ RS.56, STOP LOSS RS. 50 (HEDGE POSITION AGAINST BUY NIFTY 5100 PUT FEB EXPIRY) - 10 FEB 2011BUY NIFTY 5300 CALL FEB EXPIRY @ RS.56, STOP LOSS RS. 50 (HEDGE POSITION AGAINST BUY NIFTY 5100 PUT FEB EXPIRY).
MESSAGE GAVE TO OFFICIAL READERS OF THE BLOG AT 12:49 PM BUY NIFTY 5100 PUT FEB EXPIRY @ RS. 45 - 50, STOP LOSS RS. 40 - 10 Feb 2011BUY NIFTY 5100 PUT FEB EXPIRY @ RS. 45 - 50, STOP LOSS RS. 40
MESSAGE GAVE TO OFFICIAL READERS OF THE BLOG AT 12:25 PM Wednesday, February 9, 2011NIFTY SPOT CAN UP TO 5085 TO 5100 BE ALERT..... - - - - 10 FEB 2011 NIFTY SPOT DAY-MOVEMENT ON 09 FEB 2011  NIFTY SPOT 5 DAYS MOVEMENT FROM 03 FEB 2011 TO 09 FEB 2011  NIFTY SPOT 1 MONTH MOVEMENT FROM 07 JAN 2011 TO 09 FEB 2011  NIFTY SPOT 3 MONTHS MOVEMENT FROM 09 NOV 2010 TO 09 FEB 2011  NIFTY SPOT 6 MONTHS MOVEMENT FROM 09 AUG 2010 TO 09 FEB 2011  NIFTY SPOT 01 YEAR MOVEMENT FROM 09 FEB 2010 TO 09 FEB 2011 "All the ovals in the above charts indicate the volatile trend and bearish trend in NIFTY Spot. If we Study all the above charts very carefully specially NIFTY Spot 6 Months Chart and NIFTY Spot 1 Year Chart, its clearly indicates that we are now finally at starting point means to say last year we were at 5241 on 07 July 2010 and now on 09 Feb 2011 we are at 5253. Last year we had started our journey for 6400 but we did not choose right way to go and finally became down from pick point. All the indication shows NIFTY Spot have broken 5275.62 that was the support on 1 year basis, so that the next major support will be 5066.02 on 2 year basis. So NIFTY Spot can go up to 5085 - 5100. But there is a possibility of bounce back also." If we see the FIIs Position the Index Futures including NIFTY Futures from 06 Jan 2011 to 09 Feb 2011. Read the Table very Very Carefully............
"After studying this table its clearly states that Whenever FIIs are creating Short Position, they are covering their short position minimum 200 Points down. following facts are there after analyzing the above table......... On 07 Jan 2011 FIIs created Short Position worth Rs. -1229.64 cr and on that date the NIFTY Spot was 5904.60. But they covered this short position on part - part basis means to say Rs. 475.22 covered on 11 Jan 2011 on that date NIFTY Spot was 5754.10 and Rs. 813.95 covered on 14 Jan 2011 (Rs. 207.85) & 17 Jan 2011(Rs. 606.13) and on that dates NIFTY Spot was 5654.55. So Rs. -1229.64 Cr Short @ 5904.60 and covered @ 5687.80 So FIIs Booked their profit of 216.8 Points (5904.60- 5687.80) On Same Pattern Basis FIIs created further Short Position and Booked their profit with the minimum of 200 Points. So the FIIs have Overall Net Short Position in Index Futures including NIFTY Futures is Rs. -2902.12 Cr @ Average NIFTY Spot Level 5637.79." "So it is hard to go above 5650 in this Feb Session. In Starting of Feb Session FIIs have created new short Position worth Rs. -1313.29 Cr. @ Average of NIFTY Spot 5411.63. But today on 09 Feb 2011 FIIs have covered their short position which had created on 03 Feb 2011 (Rs. - 421.43 Cr) and 04 Feb 2011 (Rs. -406.88 Cr) and that dates the NIFTY Spot was 5526.75 and 5395.75 " So, The Short Position created on 03 Feb & 04 Feb Rs. -828.31 Cr @ Average NIFTY Spot 5461.25 covered @ 5253.55 on 09 Feb 2011 means to say again FIIs booked their profit of 207.70 Points. Now Short Position created on 08 Feb 2011 worth Rs. 484.98 @ 5312.55 have remained and expected to cover on minimum 200 Points downside ." So be alert NIFTY Spot can up to 5085 to 5100". Note:- All the data has been taken from NSE.
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