9:10 PM
CANBK View: Bearish C.M.P: 571.65
On daily chart the stock is trading below its 20-DMA, within a descending channel. Momentum Oscillators are neutral to negative. Pivot points based on daily chart are
P=575 R1=580 R2=586 S1=567 S2=563
We recommend to:
Sell Jan. Fut. Below 570.00
Stop Loss: 575.00
Target: 560.00
Lot size: 500
TATACOMM View: Bearish C.M.P: 254.05
On daily chart the stock is trading below its 20-DMA, within a descending channel. Momentum Oscillators are neutral to negative. Pivot points based on daily chart are
P=575 R1=580 R2=586 S1=567 S2=563
We recommend to:
Sell Jan. Fut. Below 570.00
Stop Loss: 575.00
Target: 560.00
Lot size: 500
On daily chart the stock closed with a bearish candle, and is trading within a descending channel. Momentum Oscillators are neutral to negative. Pivot points based on daily chart are.
P=256 R1=259 R2=263 S1=252 S2=249
We recommend to:
Sell Jan. Fut. Below 251.00
Stop Loss: 254.00
Target: 245.00
Lot size: 1000
RECLTD View: Bearish C.M.P: 266.90
On daily chart the stock closed with a bearish candle, and is trading within a descending channel. Momentum Oscillators are neutral to negative. Pivot points based on daily chart are.
P=268 R1=270 R2=272 S1=265 S2=263
We recommend to:
Sell Jan. Fut. Below 265.00
Stop Loss: 268.00
Target: 259.00 Lot size: 1000
FII’s are net buyers in (F&O segment) last session by INR 553.86 crore.
Nifty Jan Futures closed at the premium of 3.90 points.
Maximum Call for Jan month stands at the levels of 6200.
Maximum Put for Jan month stands at the levels of 5600.
Nifty closed down by 1.90% and open interest added by 5.51%.
Yesterday all leading American indices like Dow Jones Industrial Average, NASDAQ index and the S&P 500 (SPX) ended in red. Dow was down by 0.20% and closed at 11732; S&P 500 was down by 0.17% at 1284. European indices ended mixed with FTSE down by 0.44%, DAX was up by 0.09% & CAC 40 was up by 0.75%.
Today major stock markets in Asia are trading in red. Shanghai Composite is down by 1.41% at 2788 and Hang Seng is down by 0.21% at 24188. Japan’s Nikkei is down by 0.29% at 10559 and Singapore’s Straits Times is down by 0.74% at 3232.
8:04 PM
Sure Shot Option Tips
Anushka
The benchmark nifty stated to positive opening last day. Yesterday Nifty was showing volatile situation continue and also IIP effect. Nifty made a high of 5874 levels. After IIP negative response at the end Nifty close positively with the level of 5863.25 with the gaining of (+1.90%) +109.15. In that Nifty index if we see stock specific SUZLON was the gainer followed by STER. While the looser were BAJAJ-AUTO and LT. Overall breadth end advance decline ratio is very good 44/6. The next important level to watch out for tomorrow intraday trading the Nifty support level would be 5758-5653, while the resistance level would be 5921-5979.
The benchmark BSE SENSEX-30 index started positive opening on last day. And it made a high of 19574. Yesterday Bse index was showing volatile situation. At the end Bse index close positively at the level of 19534.10 with the gaining of (+1.76%) +337.76. From the sectoral front CD was the gainer followed by the REALTY, while the looser was only CG. Overall breadth of the SENSEX-30 index advance decline ratio is quite good 22/8. The next important level to watch out for tomorrow intraday trading in BSE support would be 19197-18860, while the resistance would be 19723-19912.
The Bank Nifty started positive opening on last day. Bank Nifty made a high of 11161.15. Yesterday Bank Nifty was showing volatility. At the end BANK NIFTY was closed positively and with strength at 11128.15 level with the gaining of (+2.72%) +294.60. In the banking sect oral front ICICIBANK was the gainer followed by UNIONBANK. While the looser was only BANKBARODA. And at the end breadth of the Bank Nifty's overall advance decline ratio is very good 11/1. For the intraday trading support would be at 10851-10573, while the resistance would be 11283-11439.
Higher level resistance 1040-1050 watch out.. down side support 1000 is a good base support. Down side major support 980 to be watch out.
Corrective rally will continue..... AS hold yesterday low......... however, trend is down and short covering likely.
Strong trend reversal from the lower level 2535 and consider your stop loss too and buy side.......Highly over sold and RSI trading below 20.........Weakness only close below 2535 on closing basis... till then... no problem in this counter and buy side. Today support 2630 watch out.
Short term position and buy side for target............with tight stop loss..... Over all trend is down and any up side to exit long too.
We are also provide trading tips in nifty tips, intraday nifty tips, free nifty tips, option tips, option trading tips, free option tips..................
