NIFTY TODAY TOMORROW: Nifty Outlook 5'th Jan 2010

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SMALL ATTEMPT TO LOOK IN TO THE FUTURE.... DO YOU KNOW WHAT IS GOING TO HAPPEN TODAY & TOMORROW? WHAT WILL HAPPEN IN MARKET BEFORE A DAY, A WEEK OR A MONTH?NIFTY TODAY TOMORROW IS ACTUALLY AN ATTEMPT TO BECOME PROFITABLE VENTURE. TODAY’S PROFITABLE TRADING IS MUCH EASIER AFTER KNOWING TOMORROW’S TREND. SAME TIME IT BECOMES A NIGHTMARE TO TRADE WITHOUT KNOWING TOMORROW’S TREND.

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Tuesday, January 5, 2010

Nifty Outlook 5'th Jan 2010

Dear Viewers

Good Morning ......

Wish you happy trading today......

We are holding short position in S&P Nifty @ 5240 level. We would sold some more nifty @5340-5380 with closing stop loss of 5420. In Tata steel's short position our stop loss was hit @ 537 level. Market is trading without volume & direction. Really its dull market, any analysis is useless. We are always having big Gap down or big Gap up effect. Afterwards Market trades at same level.

Opened flat, Nifty traded in a tight band of 5210-5245 entire day. It touched the either side of the band more than once, indicating lack of conviction by the market participants and lack of triggers that could propel the market. Nifty closed @ 5232 with gain of 32 points almost at the high of the day. Volumes In Nifty future were in line with the previous trading volumes. Around 11 lakh shares were added in open interest with decrease in the cost of carry, indicating creation of fresh short at higher levels. On the option front, activity continues to be on the higher side, and both call and put added massive open interest with implied volatility remaining almost flat, indicating lot of writing interest in the market and that the market should trade choppy for the next couple of trading session.

Nifty (December) future premium has decreased from 14 points to 7 points and 11 lakh shares were added in open interest. Total open interest in the market was Rs84,354 crore and Rs10,510 crore were added in open interest. Nifty call option added 63 lakh shares in open interest, whereas put option added 75 lakh shares in open interest. Chambal Fertilisers & Chemicals (36%), Power Finance Corporation (34%), Tech Mahindra (22%), Neyveli Lignite (20%) and Hindustan Zinc (19%) were the top open interest gainers in the market. Oriental Bank of Commerce (-14%), Indian Overseas Bank (-6%), Allahabad Bank (-6%) and Colgate Palmolive (-6%) were the top open interest losers in the market.

We welcome your comment here.......

Bye.............

Stop Gambling & Start Investing…..

1 comment:

Food Delicacies said...: I have shorted 5400 CE @ 45.

Kindly advise regarding sl in this case.; January 6, 2010 at 9:43 AM

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A WORD NIFTYTODAYTOMORROW CHART

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Nifty is Collection of Stock & indicator of market breadth. We find maximum calls for it. Generally Market Analyst predict market instrument in general way with traditional “IF” & “BUT”. “IF” shares rise to (X) level Then prices will up to (X+Y (resistance), still looks rising then (X+Y+Z(resistance). Share prices will be now Z level.

“BUT” share goes down from A level to support B(Support) level still brakes prices then new supportive price will be A-B-C is New Supportive price. Support & Resistance are never permanent. It changes day to day. Support & resistance is exists to broken. Generally Investor, Trader or analysts can’t decide which way market is moving that is only reason why Analysts always remains success full & trader always keeps trailing stop loss. Investor keeps losing his trading capital in hope to success.

Only God knows 100% & we are poor people. As a human being we may wrong at times. We all work together to rectify our mistakes. Our chart is without “IF” & “BUT” with advance prediction of market before market opens. We show chart with every minute trend with market. Hence maximum chances of wrong predictions at every minute & we are not hiding charts in “IF” & “BUT”. Nifty is highly volatile & combination of 50 volatile stocks. Which are also major concerns for us. If any of one stock gives erratic move then chart may be wrong. However proudly we have success ratio of 70% to 80%. We try to improve day to day this.

Still we request our followers to concern below mention things.

1. This is intraday chart & predicted & made before at least a week. So minor adjustment need to be done by Traders’.

2. Avoid First & Last fifteen minutes of market & let calm down the market. First or Last fifteen minutes are different zone.

3. Consider any major National or International events & their data to & their impact in charts.

4. Respect weekly, monthly, yearly high lows.

5. If you don't find trend according to chart then stay away.

6. Put appropriate trailing profit & stop loss in your trade.

7. Plan before you trade & stick to your trading plan.