#JAI SHRI GANESHAY NAMH#
BUY NIFTY ABV 34#7 TGT 3515,3538,3578
SELL NIFTY BLW 34#2 TGT 3432,3410,3385
BUY NIFTY 3500 CALL 1#2 TGT 165,185,205
BUY NIFTY 3400 PUT 1#0 TGT 165,185,198
BUY BANK NIFTY ABV 5050 TGT 5110,5150,5200
SELL BANK NIFTY BLW 5005 TGT 4950,4900,4840
BUY RELIANCE ABV 1788 TGT 1810,1823,1840
SELL RELIANCE BLW 1774 TGT 1764,1750,1740
SELL SBI BANK BLW 1289 TGT 1275,1260,1248
BUY SBI BANKABV 1296 TGT 1310,1322,1335
BUY BHARTI ABV 736 TGT 750,758,765
SELL BHARTI BLW 726 TGT 718,710,
--Nifty May future premium increased to 9 points so cost of carry increased..
--Nifty open interest decreased by 89 lacs suggests short covering. (Total OI now at 3.64 cr)
--3400 puts had open interest of 31 lacs(+13 lacs) and 3500 calls had open interest of 21 lacs(+5 lacs), so 3400 and 3500 will be important levels to watch for.
--India VIX closed at 46.63, decreased by 4% suggests stability.
--Market wide rollover was 75.64 %, whereas rollover in Nifty
futures was 74.03 %.
--Reliance Communications , IFCI , DLF , Indian
Tobacco Company and Idea Cellular witnessed good
rollover in the next series.
---Unitech , ICICI Bank , Jaiprakash Associates
and Suzlon Energy witnessed poor rollover in the next
series.
--Positional strategy for nifty—
---IDEAL STRATEGY—NEUTRAL.
---CLOSING STOPLOSS FOR LONG—3384.
---CLOSING STOPLOSS FOR SHORT—3492.
Here is a favorite chart of mine which shows 13,34,55 EMA principle applied to the Nifty 3 Year Weekly charts.Previous historical shows that 13,34,55 EMA lines act as a perfect resistance/supports as highlighted in the charts.Currently Nifty testing 55 EMA region(3524) shows that Nifty is trading near perfect resistance zone.
Intraday Call Tips:
1)Buy:If it moves above 3470 mean Buy @ 3477 & sell @ 3507(30-Points)Stop loss @ 3462.
2)Shot:If it crosses Down 3455 mean shot @ 3450 & Buy @ 3390 (60-points)stop loss @ 3465.
3)Shot:If it crosses Down 3380 mean shot @ 3375 & Buy @ 3340 (35-points)stop loss @ 3390.
Maintain stop loss at Each 10 Points Positive or Negative of Nifty market to confirm profit every time.
About are not My Views on Market I have Integrated Approach of Different people together .
Intraday Call Tips:
1)Buy:If it moves above 3470 mean Buy @ 3477 & sell @ 3507(30-Points)Stop loss @ 3462.
2)Shot:If it crosses Down 3455 mean shot @ 3450 & Buy @ 3390 (60-points)stop loss @ 3465.
3)Shot:If it crosses Down 3380 mean shot @ 3375 & Buy @ 3340 (35-points)stop loss @ 3390.
Maintain stop loss at Each 10 Points Positive or Negative of Nifty market to confirm profit every time.
About are not My Views on Market I have Integrated Approach of Different people together .
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