AUG MONTH PAIR STRETEGY~~~!!!

AS GULLU WANTS PAIRS STRETEGY SO SPECIAL FOR HER

BUY NIFTY 7450 PE @21 & BUY 8100 CE @ 21-22

OR

BUY NIFTY 7500 PE @ 26-27 & BUY 8050 CE @ 26-27 


people saying 8300 some saying 7200 oh my god all doing up & down no risk then please always go for pairs and sit "ARAMSE" hahahah 

WHAT EVER YOU EARN FROM MY CALLS PLEASE GIVE 10% PROFIT'S FOOD TO COWS AND DOGS HELP THM GOD WILL HELP YOU-!!!

CNX Weekly Techno-Derivatives Snapshot

CNX Nifty (CMP 7790):

Index has closed at an record high levels with an improvement in Macro-Economic Numbers with Inflation cooling off to multi-month lows & IIP data showing a tremendous improvement, significant revival in Monsoon, crude settling down around 107 $ per barrel & acceleration in FII Flows have led the Index to closed approximately 3% positive.

With 7700-7800 CE having OI build-up of 53-55 Lakhs each along with 8000 CE having OI of 77 lakhs & along with 7700-7600 Put having an OI of 64 lakhs & 46 lakhs respectively, 7680-7710 is a key support for the next few sessions & 7830-7840 is key resistance going forward.

Expect Nifty to find support around 7680-7720 & till this support zone holds, can further move upto 7860-7890. However, a lot of resistance would be witnessed at higher levels going forward with the stock-specific cracks to the tune of 15-20% witnessed in the past 2 sessions despite index closing at an all-time record high.

Above 7840, the move could gather further momentum upto 7910-7960.

If Index breaks & sustains below 7680, would lead a retest of support zone around 7530-7465 zone. 

Weekly Range could be 7685-7850.  

Technically, Key Oscillators RSI & MACD are placed above their respective averages on the Daily as well as on Weekly charts. However Stochastics has turned into sell mode on daily charts from overbought zone which indicates range bound trading in the coming week & an increase in volatility ahead of truncated expiry week.  

On the Derivatives Front,

W-o-W Nifty saw long build up to the tune of 12% in OI, with price moving up by nearly 2%, with maximum 7800-7900-8000 CE with total 54-77 lakhs each  & 7700 PE with total 64.3 lakhs (with 7650 PE adding 10.50 lakh shares on Friday).

BANKNIFTY saw 4% reduction in OI with price ending flat to slightly negative; CNXIT saw 16% OI reduction with price moving up by nearly 4% W-o-W basis.

BANKNIFTY (CMP 15322):

Last week, Bankex has traded in a tight range & closed mildly positive on a weekly basis as it underperformed broader indices on account of few results which were below expectations. 

Hence Going Forward, till 15,050 zone holds, expect the index to witness further upside upto 15,850 zone.

However, if it breaks & sustains below 15,050 zone, 14,660-14,500 would be retested.  

Going forward,

Movement of the Markets would be dictated by FII Fund Flows, Global Market Trends, ongoing India Q1FY15 Corporate results along with future earnings guidance, progress of Monsoon which has improved significantly, movement of Rupee against the Dollar & crude oil price movement.

USDINR (CMP 60.04):

USDINR has consolidated & traded in a 1.5% band between 59.40 & 60.60 for the last 20 sessions. Now Going Forward, Till Rupee holds 59.25 zone, would once again move upto 61.5-61.80 zone.

BRENT CRUDE ($ 108.4)

As the news-flow pertaining to Iraqi crisis have somewhat reduced, Crude Prices have settled & consolidated at higher levels around 107-108$ after hitting a 9-10 month high of 113-114$ couple of weeks back.

Till 111$ is not crossed, expect support levels of 104-103$ to be retested.

Midcap: (CMP 10788)

Post past few months of sharp upmove, index is taking a breather & consolidation is witnessed with a negative bias.

NSE Mid-cap CMP 10,788 would witness resistance at higher levels around 11000 zone. 

Till 11,000 is not crossed, expect the index to retest support zone of 10400-10450.

On a cross-over above 11,000 Index would once again resume its upmove towards 11,400-11,600.

One can look to buy quality midcaps on any sharp declines from a medium term perspective.

Small Cap (CMP 10037):

Post past few months of sharp upmove, index is taking a breather & consolidation is witnessed with a negative bias.

NSE Mid-cap CMP 10,037 would witness resistance at higher levels around 10300 zone. 

Till 10,300 is not crossed, expect the index to retest support zone of 9700-9650.

On a cross-over above 10,300 Index would once again resume its upmove towards 10,700-10,800.

VIX (14.22):

VIX has been steadily trading in a range between 11 to 17 in the previous 3-4 weeks.

Above 17, it would directly spike upto 22-24 zone.

• FII’s for the past week have stayed net buyers in the cash market as well as in derivatives markets while DII’s have been Net sellers for the week gone by. 

• On a Weekly basis In Index Futures FIIs were Net Buyers to the tune of ` 1434 Cr with an open interest increase of around `2424 Cr which indicates Long Build Up in Index Futures by FIIs.

• Nifty PCR_OI has risen to 0.94 compared to 0.82 week earlier.

• NIFTY 7700-7600 PE highest OI 64-46 lakh shares, implying 7680-7710, strong support; On other hand 7700-7800 CE total OI 53 & 55 lakh shares; expected range coming week 7685-7850.

• Nifty Futures have closed at a 5 points discount compared to 5 points premium a week earlier.

Cumulative FII Derivatives Stats from 27/06/2014 to 25/07/2014:

Index Futures: -746 Cr;

Index Options: +4716 Cr;

Stock Futures: +4500 Cr;

Stock Options: -266 Cr

Cash Market:

FII: +12870 Cr;

DII: -1946 Cr.

Cumulative FII Derivatives Stats from 21/07/2014 to 25/07/2014:

Index Futures: +1434 Cr;

Index Options: -462 Cr;

Stock Futures: +1999 Cr;

Stock Options: -364 Cr

Cash Market:

FII: +1633 Cr;

DII: -914 Cr.

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COPPER Outlook 25 July 2014

Technical Outlook:

On LME, daily chart of Copper is forming an upward channel. At present copper price is around
$7160 and support is around $7040. Breach of $7175 will pave the way towards further upside
movement towards $7350-$7450. Looking at the support resistance levels, we find that the risk
reward ratio for a buy strategy is around 1:2. Hence we maintain a buy strategy for copper. In
terms of MCX, the support level is around 428.10 and 430.10. At present prices are around 435.
Breach of 435.85 is important and will likely take prices towards 445.10-442.10 zone. We would advise
to remain on buy side for copper keeping SL below 428 for initiating buying above 435. If prices
dip towards 428-430, one can look to initiate long with SL below 424 for same targets.

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Silver Technical July 25, 2014

SILVER - Trading in a Bearish channel

Strategy: Selling is advised in Silver Mini future 44,150-44350 and more at 44750-45,200, as Resistance and Stop level is
too high at 46,750, while on the downside targets are seen at 41,550 and 38,050.

As per the above weekly chart of silver futures, we see that prices are currently trading in a bearish channel of downward sloping trend line (as marked on chart). Similar trend line is seen forming in the short-term as well and prices have seen a reversal, after they failed to sustain above/ breach the intermediate resistance line at 46,450.

Also analyzing the chart, we see that prices have breached its 3-week low of 43,922 giving us a further confirmation on
the short-term trend reversal.

On indicators: 14-week RSI is trading close to 50 but below its moving average, showing signs of shift in momentum to negative, while another indicator MACD is trading below the mid-zero line and with an declining positive difference,suggesting that prices are likely to face resistance at higher levels and that the momentum still remains bearish.

Outlook: Silver for short-term looks bearish and is likely to test Support levels 41,550 and 39,550 in short-term, whileResistance for reversal is seen at 46450.

Note: - We are advising to sell in parts as this strategy will help in minimizing the loss and averaging out the entry prices.

NeoWave Analysis of Nifty cash Daily and Weekly

NeoWave Analysis of Nifty cash 
Daily wave chart Date : 19th July, 2014

Conclusions:
1. The pattern anticipated from the end of wave (a) is Flat.

2. The lowest point of wave B (inside the anticipated Flat) is less than 123.6% of A and 
hence, there are chances that wave C may cross above 7731.05 (high point of B).

3. The wave C of Flat must be Impulse and thus the index may be in wave iv of the Impulse
pattern. The pattern inside wave iv is still unknown and the probability is high that wave 
iv may unfold as Flat or a Triangle.

4. As per time calculations, the completion of wave iv should not go beyond 22nd July, 
2014. Price wise, the maximum downside limit for wave iv is 7579 levels. The wave v is 
expected to move up till 7730-7750 area.

5. Since wave iii is in Extension, the wave v is expected to be in the range of 45-76 points.

6. After completion of wave C; that is, after completion of wave v; the index is expected to
fall by around 450-500 points.

7. In case, if index crosses above 7810, then the expected fall will get negated.

NeoWave Analysis of Nifty cash 
Weekly wave chart Date : 19th July, 2014

Conclusions:

1. A Diametric is expected from the end of wave circled d, currently wave (F) of anticipated 
Diametric may be unfolding. 

2. The expected wave (F) may unfold as sideways and may consume around 1-2 months and 
may end towards mid August 2014 or mid September 2014. 

3. Since the wave (F) is expected to unfold as sideways {the internal pattern of (F) cannot 
be anticipated as of now}, the first leg fall may find support around 7115-7100 area and 
may be reached in next 2-3 weeks.

4. In case, if Nifty cash crosses above 7750 before falling till 7115, then the expected down 
move will become doubtful and breach above 7810 will negate the same.

5. After completion of wave (F), the index is expected to move up and make new high as 
wave (G).

nitin sir

WHAT EVER YOU EARN FROM MY CALLS PLEASE GIVE 10% PROFIT'S FOOD TO COWS AND DOGS HELP THM GOD WILL HELP YOU-!!!

WEEKLY~~~!!!

CNX Nifty (CMP 7459):

Despite Union Budget being delivered in line with expectations & crude settling down around 107 $ per barrel, result season being kickstarted on a positive note with Infosys delivering better than expected results, Index still closed 3.5% negative on account of witnessing profit booking from higher levels amidst global fears which surfacing pertaining to Portugal Banks instability.

With 7600-7800 CE having witnessing an increase in OI build-up of 48-54 Lakhs each along with 8000 CE having OI of 1 Cr & along with 7500-7300 Put having an OI of 44 lakhs & 47 lakhs respectively, 7380-7410 is a key support for the next few sessions & 7590-7620 is key resistance going forward.

Expect Nifty to find support around 7375 & till this support zone holds, can rebound upto 7590-7620.

Above 7620, the move could gather further momentum upto 7780-7820.

If Index breaks & sustains below 7375, would lead a retest of support zone around 7250-7175 zone. 

Weekly Range could be 7375-7620.  

Technically, Key Oscillators RSI & Stochastic are placed below their respective averages on the Daily as well as Weekly charts indicating selling pressure from higher levels. However MACD which is below its average on the daily charts is placed above its average on the Weekly charts indicating buying support on dips. 

On the Derivatives Front,

W-o-W Nifty saw long unwinding from higher levels, saw reduction of nearly 3% in OI, with price moving down by 4%, with maximum 7800-8000 CE with 54-101 lakhs each (with 7600 and 7700 CE add 10 lakh and 8 lakh on Friday) & 7500-7400 PE with 47-45 lakhs each.

BANKNIFTY also some selling pressure W-o-W with 5% reduction in OI; CNXIT saw unwinding from longs to the tune of 10% OI decline.

BANKNIFTY (CMP 14446):

Last week, Bankex faced resistance around 15500 & witnessed a sharp correction upto 14500. With this correction, a lot of banking stocks along with Banking index itself has reached oversold zone & a small pullback could be possible.

Hence Going Forward, till 14,150 zone holds, expect the index to witness rebound upto 14,950-15,100 zone again.

However, if it breaks & sustains below 14,150 zone, 13,860-13,600 would be witnessed.  

Going forward,

Movement of the Markets would be dictated by FII Fund Flows, Global Market Trends, forth-coming India Q1FY15 Corporate results along with future earnings guidance, progress of Monsoon, movement of Rupee against the Dollar & crude oil price movement.

USDINR (CMP 60.05):

USDINR has consolidated & traded in a 1.5% band between 59.40 & 60.40 for the last 20 sessions. Now Going Forward, Till Rupee holds 59.25 zone, would once again move upto 61.5 zone.

BRENT CRUDE ($ 108)

As the news-flow pertaining to Iraqi crisis have somewhat reduced, Crude Prices have settled & consolidated at higher levels around 108-109$ after hitting a 9-10 month high of 113-114$.

Till 112$ is not crossed, expect support levels of 105-104$ to be retested.

Midcap: (CMP 10495)

NSE Mid-cap CMP 10,4495 has witnessed a sharp correction to the tune of 9% from higher levels. 

Going Forward 10,200 is held, expect the indices to rebound upto 10,950.

Break & sustenance below 10,200 with volumes could lead to a retest of 9800-9720 zone.

Small Cap (CMP 9688):

BSE Small-cap has witnessed a sharp correction to the tune of 8% from higher levels for the week gone by.  We had already advised to stay cautious since past 3 weeks as RSI was in an extremely overbought zone above 90.

Going Forward 9470 is held, expect the indices to rebound upto 10270.

Break & sustenance below 9470 with volumes could lead to a retest of 9150-9000 zone.

VIX (15.16):

VIX has been steadily trading in a range between 14 to 20 post elections during the last 2 months.

Above 18, it would directly spike upto 23-27 zone.

• FII’s for the past week have stayed net buyers in the cash market but sellers in derivatives markets while DII’s have been Net sellers for the week gone by. 

• On a Weekly basis In Index Futures FIIs were Net Sellers to the tune of ` 2852 Cr with an open interest decrease of around `965 Cr which indicates Long Unwinding in Index Futures by FIIs.

• Nifty PCR_OI has fallen to 0.66 compared to 0.75 week earlier.

• NIFTY 7500-7300 PE highest OI 44-47 lakh shares, implying 7380-7410, strong support; On other hand 7800-8000 CE total OI 54 & 106 lakh shares; expected range coming week 7380-7620.

• Nifty Futures have closed at a 21 point premium compared to 30 points a week earlier.

• BANKNIFTY also some selling pressure W-o-W with 5% reduction in OI; CNXIT saw unwinding from longs to the tune of 10% OI decline.

Cumulative FII Derivatives Stats from 27/06/2014 to 18/07/2014:

Index Futures: -2887 Cr;

Index Options: +1389 Cr;

Stock Futures: +899 Cr;

Stock Options: -54 Cr

Cash Market:

FII: +6219 Cr;

DII: -3805 Cr.

Cumulative FII Derivatives Stats from 14/07/2014 to 18/07/2014:

Index Futures: -2854 Cr;

Index Options: -500 Cr;

Stock Futures: +2630 Cr;

Stock Options: -66 Cr

Cash Market:

FII: +706 Cr;

DII: -790 Cr.

NeoWave Analysis of Nifty cash weekly monthly six monthly~~~!!

Hi,

In my last weekly report dated 06/07/2014 I was expecting Terminal Impulse but the market was unable to fulfill few conditions on time and price basis (like achieving minimum target of 7850) and hence I needed to change my earlier counts. 

In nutshell, I expect Nifty cash to remain sideways in the zone of 7700 and 7100 till August 2014 and thereafter to make new high. I do not see index going below 6850 in any case and if so happens then I may be required to again change my counts.

On shorter term, I expect index to fall towards 7115-7100 area in next 2-4 weeks and to move up from there but may fail to make new high.

On very shorter term, I expect a pull back towards 7650-7690 area which may be reached in next 1-2 days.

NeoWave Analysis of Nifty cash Weekly wave chart Date : 13th July, 2014 

Conclusions:

1. A Diametric is expected from the end of wave circled d, currently wave (F) of anticipated 
Diametric may be unfolding. 
Conclusions: 

2. The expected downwards wave (F) may consume around two months and may end 
towards end of August 2014. 

3. The breach below 7440 may make index fall towards 7115-7100 area and the target may 
be reached in next 1-2 weeks. Kindly note, even after breach of 7440, a sharp small up 
move may take place. 

4. In case, if Nifty cash crosses above 7810 before falling till 7115, then the expected down 
move will get negated. 

5. After completion of wave (F), the index is expected to move up and make new high as 
wave (G). 

NeoWave Analysis Analysis of Nifty cash Monthly wave chart Date : 13th July, 2014 

Conclusions:

1. The Nifty cash seems to be in wave circled e of an Expanding Triangle. The wave circled 
e may be unfolding as Diametric and after 30th June 2014, may have entered downward 
wave (F). 


2. The downward wave (F); assumed to be started from 7808.85; may fall till 7400-7300 
area but if it breaches below 7235 then it may fall further till somewhere above 6850. 

3. It is difficult to forecast the bottom of wave (F) as of now but, after completion of wave 
(F), the index may move up as wave (G) and may create new high. 

4. The current fall, if breaches below 6850 then the above count is negated and in this case, 
the wave circled e will be treated as completed at 7808.85. 

5. Till 6850 is not breached, a new high above 7808.85 is expected. 

NeoWave Analysis by Analysis of Nifty cash Six monthly wave chart Date : 13th July, 2014 

Conclusions: 

1. A Contracting Triangle is anticipated from the end of wave circled X and currently, the 

Nifty cash may be in wave circled D of anticipated Contracting Triangle. 

2. An Expanding Triangle is anticipated inside wave circled D and currently, the index may 

be in wave circled e of anticipated Expanding Triangle. 

3. The wave circled e should be last leg if the anticipated Expanding Triangle turns out to be 

correct. Any breach below 7350 during the period of July to December 2014 will increase 

the probability of completion of wave circled D. Further, breach below the 6825 during 

the same period will confirm the completion of wave circled D. 

4. The end of wave circled D may open index for down move that may bring down Nifty 

cash till minimum of 6400 levels before end of December 2014. 

5. On the above chart, the completion of wave circled D is still not clear and the analysis of 

lower time frame chart may provide clue for the same. 

WHAT EVER YOU EARN FROM MY CALLS PLEASE GIVE 10% PROFIT'S FOOD TO COWS AND DOGS HELP THM GOD WILL HELP YOU-!!!

Union Budget - 2014-2015- 10th July 14

Union Budget - 2014-2015- 10th July 14

Budget Highlights

·               First budget by Modi-led NDA Government, dealing with the onerous task of balancing myriad issues while addressing growth, clearly lived upto the pre-budget optimism. FM went for laying the economic roadmap for the country to reach a growth of 7-8% while following a path of fiscal prudence and roadmap for consolidation with commitment to reduce the deficit to 3% of GDP by 2016-17, which is encouraging. Contrary to the expectation, Jaitley went on to retain the challenging target of 4.1% for the Year set by the ex minister in the Vote-on-Account. Budget refrained from populism (will help in containing inflation) and at the same time laying the path for economic growth – getting the country out of morass.

·               Budget refrained from disproportionate increased in consumption led social spending. It focused on giving boost to infrastructure and manufacturing sector. With Economic survey emphasizing the need for $ 1 tn investment requirement in Infrastructure over next 5 years, impetus to infrastructure spending is a positive. Extension of the investment allowance to SME’s and venture capital fund for new startups will help in job creation and will go a long way in promoting investment and entrepreneurship culture in India. Opening Defense, Insurance and E-Commerce to FDI, correcting inverted duty structures and setting up of industrial clusters would encourage manufacturing. Tax breaks on REITs and Infrastructure Investment Trust are steps in right direction helping channelize household funds in Real Estate and infrastructure. Simultaneously, a lower divestment target might allow for some room for the private sector in what is expected to be a active fund raising season. Support of the government towards macro issues like Education and skill development are commendable.

·               Increase in the IT exemption limit - by ` 50000 - will help boost the disposable income. Increase in the 80 C limit and raising deduction for housing interest payment limit will help boost savings and channelize private capital to contribute towards the growth.  Promised to move towards consensus creation on GST – a Game changer - during the year increases the possibility of GST seeing the light of the day by the time of the next budget. While the budget fell short of rationalizing subsidies(in order to free up capital for more productive spending) and non clarity on the retro taxation issue was a disappointment, intent and direction of the budget was positive. Stable and investor friendly tax regime will attract investor money in the capital formation and help spur next wave of growth.

·               Introducing a unified KFC norms for the entire financial sector, a single demat account for all financial transactions and a Unified account scheme by EPFO to ensure PF portability will make life easy for investors. Though Capital gains on debt mutual funds will impact investors with under 3 year view. Allowing banks to raise long term funds which will not attract reserve requirements like SLR, CRR  to fund infrastructure projects is a big departure from past.

·               In a nutshell, Budget simplifies doing business in India, increases cap on FDI which will attract long term foreign funds into the economy. With all ingredients of growth in place, economy is set for good times in the foreseeable future.

Highlights of Budget for 2014-15

* To hike FDI in defence to 49%
* NDA policy to encourage FDI in selective sectors
* Domestic defence mfg sector at nascent stage
* FDI in selected sectors to help larger interest of country
* Plan to enlarge scope of income tax settlement commission
* To provide certainty in tax laws
* Propose changes in transfer pricing rules
* Propose to strengthen authority for advance ruling in tax
* High level panel to interact with industry on indirect tax
* Clarification on tax issues to be given
* Plan law, administrative changes to reduce tax disputes
* Resident tax payer to get facility of advance tax ruling
* Propose changes to resolve ongoing direct tax disputes
* Aim stable, predictable investor-friendly tax regime
* Tax demands worth 4 trln rupee currently under litigation
* GST to result in higher tax mop-up for Centre, states
* Committed to stable, practical tax regime
* All cases of retrospective tax to be studied by CBDT panel
* GST to streamline tax administration
* Tax regime to be investor friendly
* Assure states govt to be more than fair on GST
* Won't ordinarily bring in tax changes retrospectively
* Govt's right for retrospective legislation unquestionable
* Retrospective taxes should be done with caution
* Hope to bring final solution to GST issue in FY15
* Aim to make food subsidy better directed, more inclusive
* Hope to have final solution on GST this yr
* GST debate must come to an end
* To review food, fuel subsidy
* Food, oil subsidy to be more targeted
* Committed to minimum govt, maximum governance
* New urea policy will be formulated
* To constitute expenditure mgmt panel
* No option but to undertake bold steps to enhance econ
* Time has come to revive efficiency of govt spend
* Today's measures are directional
* Must address problem of black money
* Still not out of the woods on inflation
* Seen gradual moderation in WPI inflation recently
* Aim 3.0% fiscal gap in FY17
* Aim 3.6% fiscal gap in FY16
* Accepted FY15 4.1% fiscal deficit target as a challenge
* Reduction in fiscal deficit achieved by spending cuts
* Jaitley: Aim of 4.1% of GDP fisc gap indeed daunting
* Need fisc prudence that will lead to fisc consolidation
* Jaitley: To continue to remain watchful on CAD front
* Must improve tax-GDP ratio
* Need to revive growth in infra, manufacturing sectors
* Non-tax revenue must be increased
* Must reduce wasteful expenditure
* Urgent need to generate more resources for econ
* Tax GDP ratio must be improved
* Steps today start of macro economic stabilisation
* Fisc prudence of paramount importance
* Cannot spend beyond our needs
* Can't leave behind legacy of debt
* Should we be victims of mere populism?
* Fiscal prudence of paramount importance
* Not wise to expect too much from new 45-day govt
* Task before me today is very challenging
* Need to revive growth in mfg, infra sectors
* Econ situation presents a grave challenge
* Won't leave any stone unturned for vibrant, strong India
* Not wise to expect anything major in first budget
* Higher growth is a sine qua non
* Have to ensure anti-poverty plans are well aimed
* Can't be oblivious that large population below poverty line
* Budget is the most comprehensive action plan

Basic tax exemption limit raised to Rs 2.5 lakh, and Rs 3 lakh for senior citizens (60-plus).

No changes made incorporate or other direct taxes.

Limits under section 80C raised to Rs 1.5 lakh -as indicated in raising the PPF limit to Rs1.5 lakh.

EMI exemption for self-occupied

property raised to Rs 2 lakh.

Companies to get 15 percent investment allowance for fresh investments above Rs 25 crore.

Foreign institutional investors to

get tax-breaks to entice them to move back from Mauritius. Their incomes will be treated as capital 

gains - which is 15 percent for short-term gains and zero tax for long-term gains.

Non deduction of TDS dis allowance reduced from 100% of expenditure to 30% of expenditure

WHAT EVER YOU EARN FROM MY CALLS PLEASE GIVE 10% PROFIT'S FOOD TO COWS AND DOGS HELP THM GOD WILL HELP YOU-!!!

WHAT EVER YOU EARN FROM MY CALLS PLEASE GIVE 10% PROFIT'S FOOD TO COWS AND DOGS HELP THM GOD WILL HELP YOU-!!!

BUDGET UPDATES

 Budget Update: Investment of Rs 7,060 crores for Smart Cities initiative could boost IT spending   

Budget Update: Allocation of Rs 4000 crore to affordable housing scheme. A positive for electrical goods manufactures

Budget Update: The Government has proposed to set aside Rs 500 crore for the deeper penetration of broadband services.It would be positive for D-Link   

Budget Update: Interest subvention scheme on short term crop loan to to farmers at 7% and at 4% for timely repayment to be continued which is positive for Banks   

Budget Update: Banks permitted to raise long term infrastructure bonds which will have limited CRR, SLR requirement. (Positive)   

 Budget Update: Six new Debt recovery tribunals to be setup which shall aid in faster recovery of bad loans. More positive for PSU banks 

Budget Update: NHAI to target 8000km road awarding in FY15, positive for IRB, Sadbhav, ITNL & Ashoka Buildcon   

Market View -

Nifty corrected sharply from it's all time high of 7800 to 7550 levels in just 2 session after noting special announced in Railway budget which trimmed high expatiation from Union Budget, Mid caps corrected more sharply then front line stocks.

With this fall in Nifty our view become more bullish in Nifty now, We are looking at this fall as a correction for more strong and sustainable up move in coming days, 

Over all according to the levels Nifty has strong support @ 7550-7500 levels for short term and 7100-7200 for medium term, and on up side our short term tgt for Nifty is 7900-8000 which we are more confident now.

We are looking at this fall as a very good buying opportunity despite concerning what Govt. gives in Union budget, We are more bullish on PSU Mid cap Banks, Power, NBFC and Infra stocks.

For today there might be sharp volatility both side due to event and that's why support and resistance levels may or may not work for today, but see this view as a overall view and position your self accordingly, and better to avoid fresh trading today.

Our view is clearly buy in dip for tgt 8000 zone.

WHAT EVER YOU EARN FROM MY CALLS PLEASE GIVE 10% PROFIT'S FOOD TO COWS AND DOGS HELP THM GOD WILL HELP YOU-!!!

BUDGET DAY & BIG VOLATILE DAY

Today can trade only for Brave Clients who can see zig zag up and downs

Others better to stay away!!!

Because huge volatile will be expected

Some Brokers Today not given Exposure more then 3 times

Today's Nifty Future Resistance 7638 & 7664 levels(future levels)

After Budget if stays above 7664 with 15 minutes

We see Rally upto 7718, 7778 & 7868 

Today's Supports 7558 & 7525

Suppose after Budget if stays below 7525(spot nifty)

We see panic upto 7480 & 7438 Thereafter 7351

Banknifty if stay below 14855 we can see panic upto 14698--14498

and above 15088--15188 sustain above this we could see blast~~~!!!

All the very best !!!!

Detailed talks--

The Nifty witnessed very high volatile trading session on 
Wednesday. Fresh selling & profit booking was seeing in Auto, 
Power and Realty Sectors. It was also seen some of fresh buying 
and short covering in Oil & Gas and FMCG sectors. Immediate 
support in Nifty is at 7550 & 7520 levels on the downside and 
resistance is seen at 7620 & 7650 levels on the upside. According 
to daily chart, Nifty continued its Bear Run for the second day as 
seller continued its domination right from the same place where 
it left yesterday. We have seen almost 260 point correction in 
two das from its all time high level of 7809. As per our view Nifty 
has breached downside to reach our one level of 7550. Nifty is 
making Lower Top Lower Bottom Pattern. Nifty has made “Two 
Black Crow Pattern” after the form of “Long Red Candle” 
indicating downside movements also Stochastic is moving in 
negative trend indicating downside movement. Nifty can go down 
till 7520-7480 once it goes below 7550. Nifty will be in Bull Run 
once it goes above 7650. Above 7650 it can further go up till 
7680-7710. Bank Nifty on the other hand has moved along with 
benchmark index as it closed almost half a percent below to its 
previous close. Bank Nifty has also continued its Bear Run giving 
almost 820 points correction in three trading sessions and taking 
support at 50DMA at 14880. Bank Nifty has also made “Three 
Black Crows Pattern” indicating downside movement. Stochastic 
is also moving in negative trend indicating downside movement 
with limited upside risk. Bank Nifty can further go down till 
14750-14550 once it goes below 14900. We can see Bank Nifty to 
go up till 15350-15500 level once it goes above 15200. Immediate 
support in Bank Nifty is at 14870 & 14730 levels on the downside 

and resistance is seen at 15150 & 15290 levels on the upside. 

WHAT EVER YOU EARN FROM MY CALLS PLEASE GIVE 10% PROFIT'S FOOD TO COWS AND DOGS HELP THM GOD WILL HELP YOU-!!!

BUDGET DAY CONFUSED OHH ME TOO CONFUSED HAHAAHAHA

THIS VOLETILITY OF MARKET BROKEN EACH AND EVERYONE'S HEART AND DARING AND MIND HAHHAHAA 

7525 IS MAJJOR SUPPORT BELOW THAT AND ABOVE THAT CONFUSION IS THERE SO REMOVE IT

ONLY FOR RISKY TRADERS WHO CAN BEAR 25K-50K SIDE INVESTMENTS,

BUY 7300--7400--7500 PUTS AND 7800--7900--8000 CALL AND TAKE REST IT WILL GIVE YOU SOMTHING IN YOUR TOTALS....!!

ALL THE VERY BEST


WHAT EVER YOU EARN FROM MY CALLS PLEASE GIVE 10% PROFIT'S FOOD TO COWS AND DOGS HELP THM GOD WILL HELP YOU-!!!

LOTTERY CALL OF AUG MONTH~~~!!!

NIFTY AUG 9000 CALL CMP 5 RS 
SL :-0 

TGT :-UR WISH DBBL TRRPL CHOPPAL 10 TIMES 

ITS LIKE A LOTTERY CALL...BUY LOTTERY AND FORGET

WHAT EVER YOU EARN FROM MY CALLS PLEASE GIVE 10% PROFIT'S FOOD TO COWS AND DOGS HELP THM GOD WILL HELP YOU-!!!

CNX Weekly

CNX Nifty (CMP 7751):

Indices have scaled to a new life time closing high on account of buying support being witnessed on all dips on account of optimism ahead of the Union Budget to be rolled out this week despite increasing worries of deficient rainfall which could lead to Inflation stoking up & current ongoing Geopolitical tensions arising w.r.t Military activities in Iraq.

Upcoming week would be full of action with Rail Budget to be announced on Tuesday, Economic Survey on Wednesday, Union Federal Budget on Thursday & IIP data & Infosys Q1 results on Friday.

With 7800-8000 CE having maximum OI of 41-76 Lakhs each & along with 7500-7400 Put having an OI of 45 lakhs & 36 lakhs respectively, 7580-7610 is a key support for the next few sessions & 7910-7940 is key resistance going forward.

Expect Nifty to find support around 7600 & till this support zone holds, can further inch higher upto 7890-7920.

Above 7920, the move could gather further momentum upto 8010-8080.

If Index breaks & sustains below 7600, would lead a retest of support zone around 7450 zone. 

Weekly Range could be 7600-7920.  

Technically, Key Oscillators RSI, Stochastic & MACD are placed above their respective averages on the Daily as well as Weekly charts indicating buying support on all dips.

On the Derivatives Front,

W-o-W NIFTY saw long build up from lower levels, saw OI addition of 4%, with price moving up by 2%; Also premium increased closed at highest point for July series, clearly reflecting Bullish under tone.

BANKNIFTY also saw supportive  buying W-o-W OI addition of 5%, with price moving up by 2%, On other hand CNXIT saw unwinding of Longs 5% OI decline, with weekly index closing in red, implying Cyclical stocks are back in flavor. 

BANKNIFTY (CMP 15556):

CMP 15,305. Last week, Bankex gathered support around 14,950 zone & inched up higher towards 15,550-15,600.

Now Going Forward, till 15,290 zone holds, expect the index to witness further upside upto 15,950-16,100 zone again.

However, if it breaks & sustains below 15,290 zone, 14,960-14,600 would be witnessed.  

Going forward,

Movement of the Markets would be dictated by FII Fund Flows, expectation w.r.t to rollout of the Railway as well as Union Budget, IIP data, Commencement of the Q1 results season, development pertaining to geopolitical crisis in Iraq, progress of Monsoons, Global Market Trends, movement of Rupee against the Dollar & crude oil price movement.

USDINR (CMP 59.71):

USDINR has consolidated & traded in a 1.5% band between 59.40 & 60.40 for the last 15 sessions. Now Going Forward, Till Rupee holds 58.75 zone, would once again move upto 62 zone.

BRENT CRUDE ($ 112.4)

As the news-flow pertaining to Iraqi crisis have somewhat reduced, Crude Prices have settled & consolidated at higher levels around 112-113$ which is almost at a 9-10 month high.

Till the geopolitical crisis remains unsolved, Brent Crude would finding support around 110 $ & thus if it holds 110 $, will move upto 118-119 $ zone.

Midcap: (CMP 11421)

NSE Mid-cap CMP 11,421 has witnessed buying on all dips & gained 5% for the week gone by & has outperformed the broader indices. 

Going Forward 11,200 is held, expect the current medium term uptrend to continue upto 11,950 where the current upmove could end & reversal can be witnessed. Break & sustenance below 11,200 with volumes could lead to a retest of 10800-10720 zone.

Small Cap (CMP 10508):

BSE Small-cap CMP 10508 has witnessed buying on all dips & gained 4.5% for the week gone by. 

Going Forward 10270 is held, expect this current uptrend to continue upto 10270 where the current upmove could end & reversal can be witnessed. Stay cautious as RSI on weekly charts is at extremely overbought zone above 90.

Break & sustenance below 10270 with volumes could lead to a retest of 9950-9800 zone.

VIX (18.16):

VIX in the past 3 week has been steadily trading between 14 to 20 post elections during the last 2 months.

Above 20, it would directly spike upto 24-27 zone. Till its below 20, we could witness bulls ruling & buying on dips would be witnessed. 

• FII’s for the past week have stayed net buyers in the cash market but sellers in derivatives markets while DII’s have been Net sellers for the week gone by. 

• On a Weekly basis In Index Futures FIIs were Net Sellers to the tune of ` 23 Cr with an open interest increase of around `846 Cr which indicates Short Build Up in Index Futures by FIIs.

• Nifty PCR_OI has slightly risen to 0.75 compared to 0.74 week earlier.

• NIFTY 7500-7400 PE highest OI 45-36 lakh shares, implying 7590-7610, strong support; On other hand 7800-8000 CE total OI 41 & 76 lakh shares; expected range coming week 7600-7920.

• Nifty Futures have closed at a 30 point premium compared to 34 points a week earlier.

Cumulative FII Derivatives Stats from 30/06/2014 to 04/07/2014:

Index Futures: -23 Cr;

Index Options: +870 Cr;

Stock Futures: -835 Cr;

Stock Options: +4 Cr

Cash Market:

FII: +5330 Cr;

DII: -2842 Cr. 

WHAT EVER YOU EARN FROM MY CALLS PLEASE GIVE 10% PROFIT'S FOOD TO COWS AND DOGS HELP THM GOD WILL HELP YOU-!!!

NeoWave Analysis of Nifty cash Weekly wave chart Date : 7th July, 2014

Conclusions: 

1. From the end of wave (B), a “Double Extension Impulse” pattern seems to be unfolding as wave (C) which is a part of larger Zigzag pattern. 

2. Currently, the Nifty cash may be in wave (v) which seems to be Terminal Impulse due to overlapping between waves 2 and 4. 

 3. It seems that wave 4 got completed at 7531.60 and wave 5 may have started from the same. 

4. The Nifty cash is expected to move up till minimum of 7850 and should not move above 7992 OR else the Terminal Impulse pattern will become doubtful. The breach below 7607 will also negat the expected up move. 

 5. The above mentioned expected targets may be reached in next 1-2 weeks. 

6. A major top is expected in the price window of 7850-7992, and thereafter a sharp and big correction may take place

nitin sir 

WHAT EVER YOU EARN FROM MY CALLS PLEASE GIVE 10% PROFIT'S FOOD TO COWS AND DOGS HELP THM GOD WILL HELP YOU-!!!

AUG MONTH PAIR STRETEGY~~~!!!

BUY NIFTY AUG 8500 CALL @ 15
&
BUY NIFTY AUG 6900 PUT @ 15

OR

BUY NIFTY AUG 8600 CALL @ 11
&
BUY NIFTY AUG 6800 PUT @ 11

WHAT EVER YOU EARN FROM MY CALLS PLEASE GIVE 10% PROFIT'S FOOD TO COWS AND DOGS HELP THM GOD WILL HELP YOU-!!!