CUES FOR DEC 31

--chart posted by me at vfmforum before 2 months.

--Nifty chart shows mirror image to the fall so far. It will be interesting to watch movement in 2010. Will it complete the remaining part of the mirror image?? only time will tell.
Wish you all Happy new year 2010.

TECHNICAL CUES-------

• SGX Nifty is trading around 5190.
• Nifty made high and low of 5197 and 5160 on last trading day.
• Last swing bottom is at 4944 and swing top is at 5215.
• Trading above 5188, up move will be seen up to 5200, 5220, 5240.
• Below 5160, correction will be seen up to 5145, 5130, 5120.
• In the medium term, Nifty is in uptrend with targets of 5240, 5360.
• In the short term, Nifty is in corrective down move with targets of 5145, 5120, 5100.

DERIVATIVE CUES----

• Nifty January future premium decreased to 9 points so cost of carry decreased. (Bearish)
• Nifty open interest decreased by 0.3 lacs suggests long unwinding. (Total OI now at 2.99 cr)
• Nifty calls added 12 lacs and puts shed 14 lacs in open interest. (Bearish)
• Nifty open interest put-call ratio is at 1.47.
• 5100 puts had open interest of 49 lacs (-1%) and 5200 calls had open interest of 64 lacs (+11%), so 5100 and 5200 will be important levels to watch for.
• India VIX closed at 24.62, increased by 1% suggests instability. (Bearish)
• In Nifty stocks, advance-decline ratio is 21/29. (Bearish)

NIFTY DAILY CHART

--As discussed in last post Nifty took support at 4944 and now 5183 top will be taken out easily.
--Current scenario is classic bear trap only.
--Above 5183,Nifty will be in medium term uptrend with targets of 5240, 5360.

NIFTY CHART

--Nifty 30 minute chart shows that we are in falling wedge and all indicators showsw bullish divergence.



--Nifty daily chart shows that we are now vear very important support zone of 4900-4950.

NIFTY IN TRIANGLE

--Nifty is trading side way in range of 5000-5070 since 3 days.
--any breakout will provide good trading opportunity.

CUES FOR DECEMBER 15

--Our market is no more a 'deal market' but its a 'dull market'.

TECHNICAL CUES-------

• MSCI India Index ETN (INP) closed at 64 (+0.5%)
• SGX Nifty is trading around 5103.
• Nifty made high and low of 5157 and 5090 on last trading day.
• Last swing bottom is at 5084 and swing top is at 5183.
• Trading above 5120, up move will be seen up to 5145, 5160, 5180.
• Below 5090, correction will be seen up to 5070, 5050, 5030.
• In the medium term, Nifty is in uptrend with targets of 5260, 5400.
• In the short term, Nifty is in uptrend with targets of 5210, 5330. Below 5084, short term uptrend will be terminated.

DERIVATIVE CUES----

• Nifty December future discount converted in to premium of 1.7 points so cost of carry increased. (Bullish)
• Nifty open interest decreased by 1 lacs suggests long addition. (Total OI now at 2.87 cr)
• Nifty calls added 10 lacs and puts added 6 lacs in open interest. (Bearish)
• Nifty open interest put-call ratio is at 1.29.
• 5000 puts had open interest of 56 lacs (+2%) and 5200 calls had open interest of 70 lacs (+6%), so 5000 and 5200 will be important levels to watch for.
• India VIX closed at 27.89, increased by 2.7% suggests instability. (Bearish)
• In Nifty stocks, advance-decline ratio is 18/32. (Bearish)

MSCI INDIA INDEX

--MSCI INDIA INDEX is currently trading at 64.7 after making new 52 week high at 65.18.
--As it is mirror image of nifty then we should hopefully break above 5182 tommorrow and the picture will be like above chart in our nifty tommorrow.
--Tommorrow IIP data will also be released.

TRADE THE BREAKOUT

--Nifty is trading in a range since past few days and any breakout will give good trading opportunity.
--Currently seems to be in a triangle and trade the breakout from the same.

stock watch-BAG films

--Stock of BAG films shows good breakout from sideway range with good volume.
--guppy indicator is also now in buy mode.

NIFTY-MAKE OR BREAK

--Nifty is trading in 5050-5180 range since 8 days.
--Now it seems to be in make or break condition.
--As the current trend is still up, I expect the breakout from current range to be on the upside.

CUES FOR DEC 9

TECHNICAL CUES-------

• MSCI India Index ETN (INP) closed at 61.84 (+0.1%)
• SGX Nifty is trading around 5108.
• Nifty made high and low of 5152 and 5059 on last trading day.
• Last swing bottom is at 5051 and swing top is at 5181.
• Trading above 5152, up move continue seen up to 5180, 5210, 5240.
• Below 5120, correction will be seen up to 5090, 5070, 5050.
• Nifty will be in medium term uptrend ‘’above 5182’’ with targets of 5260, 5400.
• In the short term, Nifty is in uptrend with targets of 5210, 5330.

DERIVATIVE CUES----

• Nifty December future premium increased to 10 points so cost of carry increased. (Bullish)
• Nifty open interest increased by 16 lacs suggests long addition. (Total OI now at 2.94 cr)
• Nifty calls added 6 lacs and puts added 35 lacs in open interest. (Bullish)
• Nifty open interest put-call ratio is at 1.41.
• 5000 puts had open interest of 60 lacs (+11%) and 5200 calls had open interest of 43 lacs (-5%), so 5000 and 5200 will be important levels to watch for.
• India VIX closed at 26.46, decreased by 4% suggests stability. (Bullish)
• In Nifty stocks, advance-decline ratio is 43/7. (Bullish)

Positive Divergence In Nifty

--Positive divergence is seen in RSI and MACD.
--It will be interesting to watch that it can impact the price or not.
--5090 needs to be taken out first for any recovery to happen.

STOCK WATCH-- ROLTA AND IOC

--CHART OF ROLTA SHOWS BREAKOUT FROM DOWNWARD CHANNEL.
--GUPPY INDICATOR NOW IN UPTREND.



--CHART OF IOC SHOWS BREAKOUT FROM DOWNWARD SLOPPING CHANNEL.
--GUPPY INDICATOR SHOWS TREND MAY CHANGE FROM DOWN TO UPTREND.

To understand GUPPY INDICATOR-GUPPY MULTI MOVING AVERAGES(GMMA)

link is--

http://www.investopedia.com/terms/g/guppy-multiple-moving-average.asp

STOCK WATCH-ANDHRABANK

--Andhrabank chart shows that stock is in good accumulation and had potential to go upside if 121.5 is broken on upside.
--volume is also good since last few days.

Disclaimer--our subscribers are long in Andhrabank at 115.7

NIFTY--TRIANGLE BREAKOUT

--Nifty chart shows that Nifty had now broken on the upside from triangle which we discussed here few days back.
--Guppy indiacator and OBV also favours further upside in the Nifty.

STOCK WATCH- SUZLON

--Suzlon has broken the downward slopping trendline with good volume.
--Disclaimer--our subscribers are long in suzlon at 74.05 on 30th November.

STOCK WATCH-RECLTD

--RECLTD after consolidation above previous high now heading higher in no resistance zone.
--Disclaimer--our subscribers are long at 244.9 on 1st december.

NIFTY TRENDLINES

--LAST SWING TOP FORMED IN NIFTY WAS AT 5138.
--TRADING ABOVE 5138, NIFTY WILL BE IN UPTREND AGAIN WITH TARGETS OF 5210, 5330.

NIFTY IN TRIANGLE

--The chart shows that Nifty is consolidating in a triangle.
--4900 is important immediate support and below that 4700 is big supprt area.
--Any trade above 5110 will bring lots of upside.