NIFTY MORNING MANTRA 11’Th DEC 2013

Good Morning,

Nifty closed 6332 on 10’Th Dec 2013 down by 31 (-0.50%) points. SGX NIFTY is trading -36 points down. American & European market closed Negative. Asian Market is trading negative. Market saw continues profit booking for entire day. Profit booking seen in Capital Goods, Reality, Bankex, and Power Shares were major losers. BSE Sensex closed down by 71 points and Nifty closed down by 31 points. Markets have come off their all-time highs as investor booked continues profits at higher levels after a sharp surge after elections.

Nifty All Indices

 Index                           Current      Change %Cha

NIFTY Pre Open	6,354.70	-9.20	-0.14
CNX NIFTY	6,332.85	-31.05	-0.49
CNX NIFTY JUNIOR	12,489.80	-85.55	-0.68
LIX 15	2,681.80	-27.45	-1.01
INDIA VIX	17.98	-1.18	-6.16
CNX 100	6,216.05	-32.30	-0.52
CNX 500	4,873.80	-24.35	-0.50
CNX MIDCAP	7,800.90	-42.80	-0.55
NIFTY MIDCAP 50	2,230.50	-3.65	-0.16
CNX SMALLCAP	3,226.30	-36.05	-1.11
CNX 200	3,143.55	-15.55	-0.49

Sensex

21255	-71	-0.33
Advance	Declines	Unchanged
983	1461	174

 

World Market

Index               Current      Change       %Cha

Nasdaq (US)	4060	-8	-0.20
S&P (US)	1802	-6	-0.32
Dow (US)	15973	-52	-0.33
FTSE (UK)	6523	-36	-0.55
CAC (France)	4091	-42	-1.01
DAX (Germany)	9114	-80	-0.88
HANG SENG	23744	-66	-0.28
NIKKEI 225	15550	-61	-0.39
Shanghai	2238	-1	-0.07

Commodities

OIL	98.51	1.17	1.20
Natural Gas	4.24	0.005	0.12
GOLD	1261	26	2.18
Silver	20.32	0.614	3.12
Copper	3.27	0.0085	0.26

Nifty (F) closed 6371 yesterday. As said yesterday, According to Scientific charts we expect profit booking on 10’Th & 11’Th Dec 2013.  SGX NIFTY is trading -36 points down. After opening week as seen by SGX nifty, Nifty will find profit booking in later trading hours. Nifty has resistance between 6420, 6445, 6470 & support at 6350, 6331, 6307 levels. Profit booking appear at every higher price. We expect nifty future to reach at 6300 by 11’Th Dec 2013. However As said 6350 is important support for market.

NIFTY INTRADAY SCIENTIFIC CHART 11’Th DEC 2013
(Expected to happen during market timing)

NIFTY INTRADAY SCIENTIFIC Chart Shows expected Nifty price movements. X-Axis in bottom shows time with hour & minute format. NIFTY INTRADAY SCIENTIFIC chart shows trend with time & trend is our friend. If you don't find trend according to chart then stay away.

From the Scientific charts Traders can take trading calls as per their risk appetite. Price Entry + Exit levels depend on market with traders understanding. Our Chart itself is trading clear call.

Nishant Jani

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