Friday 28 November 2014

Technical Outlook Of Nifty Fut(NSE-DEC):1-5 days







Nifty Fut(NF) need to sustain above 8590 zone for 8750 within next few days. Immediate positional support is now 8496 & 8416 zone.

Lower Crude Price, possible rate cut by RBI & various reform hopes in the ongoing winter parliament session along with proposed "2-nd generation reform" pledged by our FM in the forthcoming budget are helping a lot for our market.

Trading Levels: Nifty Fut (NSE-DEC)





Gap Up/Dw (Indicative)


SGX NIFTY 8589 42



        NF-DEC LTP 8547
             
             
  SL >/< 5 POINTS FROM SLR        
             
  Intraday Swing  Trader        
      T1 T2 T3 SLR
Strong > 8590   8615-8630 8650-8675* 8705-8730 <8570
             
Weak < 8570   8550-8525 8496-8479* 8444-8416 >8590







FOR  Conservative Positional Trader









      T1 T2 T3 SLR
Strong > 8590   8630 8675* 8730-8750 <8570
             
Weak < 8570   8525 8479* 8416-8400 >8590
             

Tuesday 18 November 2014

Technical Outlook Of Nifty Fut(NSE-NOV):1-5 days







Nifty Fut (NF) will now have to give consecutive close above 8465 zone for TGT of 8650 in the short term.

On the downside, 8345-8318 will act as support zone for the time being, if break below 8400 zone.

Given the sentiment of our market, Buy on dips may be the core theme on the back of Modinomics , hope for various reforms in the coming winter parliament session along with substantial rate cut hope by RBI in near future (May be by March'2015) and better macroeconomic data.

Trading Levels: Nifty Fut( NSE- NOV)





Gap Up/Dw (Indicative)


SGX NIFTY 8443 -9



        NF-NOV LTP 8452
             
             
  SL >/< 5 POINTS FROM SLR        
             
  Intraday Swing  Trader        
      T1 T2 T3 SLR
Strong > 8435   8465-8488 8512-8540* 8556-8582 <8415
             
Weak < 8415   8394-8362 8345-8318* 8290-8276 >8435







FOR  Conservative Positional Trader









      T1 T2 T3 SLR
Strong > 8435   8488 8540* 8582-8650 <8415
             
Weak < 8415   8362 8318* 8276-8229 >8435
             

Monday 10 November 2014

Technical Outlook Of Nifty Fut(NSE-NOV):1-5 days







Nifty Fut(NF), should sustain above 8415 zone for 8460 (TL Resistance) & 8505-8650 zone by next few weeks.

On the downside, break below 8340 zone, should invite 8298 & 8205 (Positional Support) zone in the near term.

In the domestic front, yesterday's cabinet expansion, specially appointment of Jayant Sinha (Ex-Havard Technocrat & son of Jaswant Sinha) as MOS (Finance) along with increasing reform pace tone by the FM and pressure on RBI to cut rate to ignite growth in the forthcoming policy meetings may fulled our market & NF could target 10500 zone by March'2015.

On the global front, as pointed earlier, there is no dearth of liquidity & some sluggish NFP job data on last Friday in US is also helping risk trade. But, renewed Ukraine tension may cast some shadow on it and as a follow up & also because of  technical bounce back, precious metals (Gold/Silver) should be able to stand on its feet lately.

Trading Levels: Nifty Fut (NOV):




Gap Up/Dw (Indicative)


SGX NIFTY 8403 11



        NF-NOV LTP 8392
             
             
  SL >/< 5 POINTS FROM SLR        
             
  Intraday Swing  Trader        
      T1 T2 T3 SLR
Strong > 8415   8437-8461* 8480-8505 8528-8560 <8395
             
Weak < 8395   8365-8340* 8325-8298 8266-8242 >8415







FOR  Conservative Positional Trader









      T1 T2 T3 SLR
Strong > 8415   8461* 8505 8560-8650 <8395
             
Weak < 8395   8340* 8298 8242-8205 >8415
             



Monday 3 November 2014

Technical Outlook Of Nifty Fut(NSE-NOV):1-3 days






Nifty Fut(NF) may now face some resistance around 8373 & 8419 zone, sustaining above that 8500 & 8650 will be the next target. Expect 9500 & 10500 zone by Dec'2014 & March'2015, if this upward momentum kept alive.

On the downside, 8200 & 8135 zone may now give positional support.

Although, FED is keeping brake on its QE for the time being, its in no mood to SELL the bonds in the market to suck cash & it may reinvest in the bonds again. Given the bleak inflation outlook of US & virtually zero wage inflation (hourly wage in US is still in the 2008 level as of now), FED will be in no hurry to raise interest rates & may keep the "Considerable Time" phrase in the Dec'14 statement also. This along with BOJ & EU enhanced liquidity measure & greater threshold limit for investment in equities by various funds (like pension funds etc) may keep the party on.

Modinomics is also adding fuel to this party & India may continue to outperform other EM(s) in the coming months.

Trading Levels: Nifty Fut(Nov)




Gap Up/Dw (Indicative)


SGX NIFTY 8391 36



        NF-NOV LTP 8355
             
             
  SL >/< 5 POINTS FROM SLR        
             
  Intraday Swing  Trader        
      T1 T2 T3 SLR
Strong > 8370   8395-8419* 8455-8475 8502-8528 <8350
             
Weak < 8350   8323-8291* 8274-8244 8229-8200 >8370







FOR  Conservative Positional Trader









      T1 T2 T3 SLR
Strong > 8370   8419* 8475 8528-8578 <8350
             
Weak < 8350   8291* 8244 8200-8137 >8370