NIFTY, Reliance, Tata Steel 16'th FEB 2010

On mixed cues from global markets, Nifty started the day almost flat. Nifty future turned into discount of 6 points from premium of 2 points Total open interest in the market was Rs117, 464 crore and Rs2, 572 crore were added in open interest. Nifty call option added 30.80 lakh shares in O.I., whereas put option added 13.20 lakh shares in open interest. The index started the day well above 4820, but could not sustain at these levels on selling pressure in Bharti and Reliance pack along with selected banking and realty stocks. After remaining choppy and lackluster, nifty finally ended the volatile session 25 lower at 4802.Volumes in Nifty futures were significantly lower than the previous volumes. 7 lakh shares were added in open interest with decrease in the cost of carry, indicating short position building up at higher levels. On the option front, implied volatility has increased marginally by around 200-250 basis points, indicating that uncertainty and high volatility will continue in the market. Bharti (33%), REC (16%), Bank of India (13%), Ispat (11%) and JSW Steel (10%) were the top open interest gainers in the market. Chennai Petroleum (-7%), Unitech (-6%) were the top open interest losers in the market.

Tata Steel Closed 540. Stock has a pivotal of 538. Stock has a first resistance around 545 & Second resistance around 550-552. Stock has a first support around 532 & Second resistance around 524.

Reliance Closed 1010. Stock has a pivotal of 1015. Stock has a first resistance around 1022 & Second resistance around 1030. Stock has a first support around 1007 & Second resistance around 1002.

Trading Call for 16’Th Feb.

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NIFTY, Reliance, Tata Steel 15'th FEB 2010

Nifty future has turned into a premium of 2 points from a discount of 6 points and 12.50 lakh shares were reduced in open interest. Total open interest in the market was Rs114,892 crore and Rs1,024 crore were added in open interest. Nifty call option shed 17 lakh shares in open interest, whereas put option added 19.00 lakh shares in open interest.

Strong overseas markets, Nifty started off 30 points higher and saw some aggressive buying in initial hour. The market traded with positive bias all through the day amid high volatility. On the day marked with showdown by bulls and bears every now and then bulls capitalized on buying in Reliance pack and other heavyweights. Clinching the tug-of-war bulls led Nifty close 70 points higher at 4830.Volumes in Nifty futures were significantly lower than the previous volumes. Around 12.50 lakh shares were reduced in open interest with increase in the cost of carry, indicating short covering in the market. On the option front, implied volatility has decreased by a significant 350-450 basis points, indicating that buying may continue to emerge at lower levels and 4750-4700 remains a good bet going forward.

Nifty Closed 4828 on 11’Th Feb 2010. Nifty has a pivotal of 4817 – 4820. Nifty has a first resistance around 4850 & Second resistance around 4870-4880. Nifty has a first support around 4790 & Second resistance around 4750.

Tata Steel Closed 534 on 11’Th Feb 2010. Stock has a pivotal of 532-531. Stock has a first resistance around 540 & Second resistance around 545. Stock has a first support around 526 & Second resistance around 518.

Reliance Closed 1015 on 11’Th Feb 2010. Stock has a pivotal of 1007. Stock has a first resistance around 1027 & Second resistance around 1040. Stock has a first support around 995 & Second resistance around 980.

Trading Call for 15’Th Feb.

Subscriber only.

Stop Gambling & Start Investing…..

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

blog is public

Dear Viewers,

Received lot of phone calls, with a complain "locking the blog for members only". Now onwards blog will be public. But previous content for a week is removed. Details between 8’Th Feb to 10’Th Feb is removed as it was only for members.

Narendra Vyas

9374083399

Trading call’s Follow-up on weekly basis.

Dear viewers,
Paid E-mail Service has already started we can't put advance chart of Tata Steel & Reliance. However we are giving trading call on basis of Advance charts. Pl find here brief summary for a week.

Trading Call for 1'st Feb 2010:-
Trader can go long in reliance at 1030-1033 for target of 1070. Stop would be 1015-1012.
Trader can go long in Tata Steel at 555-557 for target of 585-587. Stop would be 543-550.
Reliance made a low of 1035 & closed at 1046. Tata Steel made a low of 558 & closed at 579 call contined for next trading session.

Trading Call for 2'nd Feb 2010:-
Partial book your profit in Reliance at 1059-1063. (which bought at 1036)
Partial book your profit in Tata Steel at 585-587. (which bought at 558)
Booked profit in reliance at 1057-1058.
Tata Steel achieved our target of 587.

Trading Call for 3'rd Feb 2010:-
Trader can go long in reliance at 1027-1030 range for target of 1045-1048. Stop would be 1015-1012.
Trader can go long in Tata Steel at 570-572 range for target of 578-580. Stop would be 563.
Booked profit in Reliance at 1045-1048 level. Reliance Closed 1035.
Booked profit in Tata Steel at 580. Tata Steel Closed 600.

Trading Call for 4’Th Feb:-
Trader can go long in Reliance at 1025-1027 range for target of 1037-1038. Stop would be 1015.
Booked profit in Reliance at 1037-1038 level. Even Reliance Initially made a High of 1038 & Low of 1024.

Trading Call for 5’Th Feb:-
No Trading call for day.

Stop Gambling & Start Investing…..

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

Vyas Narendra
9374083399

NIFTY, Reliance , Tata Steel 5'th FEB 2010

Dear viewers,

We wrote yesterday 4'th Feb 2010.

"Trader can go long in Reliance at 1025-1027 range for target of 1037-1038. Stop would be 1015."
Booked profit in Reliance at 1037-1038 level. Initially Reliance made a High of 1038 & Low of 1024.

Trading Call for 5'th Feb:
No Trading call for day. All markets are in red. down by -2% to -3%. Long or short cant initiated as heavy gap down is there. Just wait & watch avoid trading.

Stop Gambling & Start Investing…..

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

NIFTY, Reliance , Tata Steel 4'th FEB 2010

Dear viewers,

We wrote yesterday 3'rd Feb 2010.

"Trader can go long in Reliance at 1027-1030 range for target of 1045-1048. Stop would be 1015-1012.

  Trader can go long in Tata Steel at 570-572 range for target of 578-580. Stop would be 563. "

Booked profit in Reliance at 1045-1048 level. Closed around 1035 level.
Booked profit in Tata Steel at 580 level. Closed around 600 level.

Trading Call for 4'th Feb:
Trader can go long in Reliance at 1025-1027 range for target of 1037-1038. Stop would be 1015.

Stop Gambling & Start Investing…..

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

NIFTY, Reliance , Tata Steel 3'rd FEB 2010

Dear viewers,

We wrote yesterday

"Initially, above 4930, the resistance is quite likely to be found at 4953 – 4964. Strong supply is likely to come at around 5020."

Nifty made a high around 4951-4952 level. So We closed our call on intraday basis.
Booked profit in reliance at 1057-1058 level.
Tata Steel Achived our target of 587 level.

However We maintain our buy in Tata Steel & Reliance for daily basis.

Trader can go long in reliance at 1027-1030 range for target of 1045-1048. Stop would be 1015-1012.

Trader can go long in Tata Steel at 570-572 range for target of 578-580. Stop would be 563.

Stop Gambling & Start Investing…..


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

NIFTY, Reliance , Tata Steel 2'nd FEB 2010

Yesterday Nifty opened 35 points lower followed by selling pressure in morning trades. Buying in capital goods, realty was seen. Banking stocks and Reliance pack, helping the market to close above 4900. After witnessing a decent recovery from the low, Nifty finally ended the session with a gain of 18 points at 4900. Volumes in Nifty futures were significantly lower than the previous trading volumes. Around 1 lakh shares were added in open interest with increase in the cost of carry, indicating long accumulation at lower levels. On the option front, implied volatility has decreased marginally, indicating market may trade with a positive bias and may witness some bounce-back up to 4947-4970 levels.

Trader can go long in reliance at 1030-1033 range for target of 1070. Stop would be 1015-1012. We will close our call on 4’Th Feb 2010(Call on 1’st Feb 2010). Reliance made a low 1035.55(1’st Feb 2010). Partial book your profit & 1059-1063 & continue long till 4’Th Feb.

Trader can go long in Tata Steel at 555-557 range for target of 585-587. Stop would be 543-550. We will close our call on 4’Th Feb 2010(Call on 1’st Feb 2010). Tata Steel made a low 558(1’st Feb 2010). Partial book your profit & 585-587 & continue long till 4’Th Feb.

Initially, above 4930, the resistance is quite likely to be found at 4953 – 4964. Strong supply is likely to come at around 5020.

 

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

 

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NIFTY 1'ST FEB 2010

AS shown in Technical charts good support was their for nifty , Reliance , Ongc, Banking & other Capital goods shares. heavy buying was seen in reliance & Nifty at lower levels. Still we need upward momentum. Nifty future has turned into a discount of 6 points from a premium of 5 points and 21 lakh shares were added in open interest. Total open interest in the market was Rs93,130 crore and Rs7,630 crore were added in open interest.

Trader can go long in reliance at 1030-1033 range for target of 1070. stop would be 1015-1012. We will close our call on 4'th Feb 2010.

Trader can go long in Tata Steel at 555-557 range for target of 585-587. stop would be 543-550. We will close our call on 4'th Feb 2010.

Nifty call option added 38.20 lakh shares in open interest, whereas put option added 47.30 lakh shares in open interest. Indian Bank (44%),IVRCL Infrastructure (34%),Dr Reddy ’s Laboratories (26%),Patni Computer Systems (24%),and Indiabulls Real Estate (20%)were the top open interest gainers in the market. Piramal Healthcare (-24%),Dabur India (-19%),Crompton Greaves (-13%),and Federal Bank (-13%)were the top open interest losers in the market.

On weak cues from the US market and gray Asian markets, Nifty was 55 points lower at opening bell. The market remained choppy thereafter with every rise followed by selling. Nifty gained momentum with the announcement of a 75-basis-point hike in the CRR by the Reserve Bank of India in the third quarter review of the monetary policy 2009-10.After breaching 4800,the bulls took control on the back of heavy buying in banking and capital goods stocks. Nifty finally closed 15 points higher. Volumes in Nifty futures were significantly lower than the previous trading volumes. On the option front, implied volatility has decreased marginally by around 150-250 basis points, indicating that the market may see some bounce-back.

Initially, above 4930, the resistance is quite likely to be found at 4953 – 4964. Strong supply is likely to come at around 5020. 4766 is good support on lower levels.

AS paid E-mail Service has already started we can't put advance chart of Tata Steel & Reliance . However we will show you EOD basis. Trading call be given & updated on blog Daily basis.

If you require this charts with price levels in advance send us your brief details like name, prof, trading nature, address, your cell no.@ vyasnarendra@in.com. You can send us your stock queries@ vyasnarendra@in.com .

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

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