Daily Nifty Observer 01 07 2015… · Spot Nifty closed at 8368.50 levels, down by 0.60 % along with up trending trading session with rise in volume which was below its 20 period

Daily Nifty Observer

Issue - 1298 July 01, 2015

.............strong resistance @ 8370

levels for Wednesday ...........

Nifty Outlook

Support

8345/8320/8290

8370/8410/8440

Resistence

Market Strength Indicators

14 days RSI - Up by 2.91 points at 57.32 levels 14 days SchRSI - Up by 2.43 points at 92.84 levels Stochastic - Down by 8.11 points at 72.92 levels TSI - Up by 1.45 points

Market Intensity Indicator

NFP - At premium of 9.3 points from premium of 0.75 points earlier Advance - 1017 Decline - 422 Volatility - Unchanged at 0.10 levels from previous

Other Indicators

FII's Spot - Negative DII's Spot - Positive F&O - Positive

14 days Schotestics RSI (60 minutes chart) closed at 97.16 levels, traded above its 9 period EMA and closed just below its over bought zone on 60 minutes chart which suggest for resistance @ 8370 levels next day. Today nifty consolidated before giving break out suggesting for support @ 8305 levels. Higher high and lower high was formed on 60 minute chart giving strong support @ 8299 levels for next day. Fibonacci extension from trend reversal low is projecting resistance @ 8448 levels in days to come. Buying is expected to arise above 8370 levels on intraday.

Spot Nifty Daily Chart Analysis

After one trading sessions of trading below Super Trend, over 240 minutes Heikin Candle today it closed above it. Continuation of trading only above it will continue bull trend in short term else will be bear phase. Today Nifty closed above 8350 levels. In 240 minute Heikin candle nifty came above super trend and moved in short to mid term up trend. For days to come 8208 levels will act as trend reversal support level.

60 Minute Chart Analysis

240 Minute Chart Analysis

Moving Average Indicator

Spot Nifty closed at 8368.50 levels, down by 0.60 % along with up trending trading session with rise in volume which was below its 20 period SMA. It made a high of 8378.00 levels and low of 8298.95 levels in intraday. Nifty closed above its 20 period, above its 50 periods and below its 200 periods SMA. Momentum oscillator is indicating that Nifty is trading in its over sold zone on intraday chart. Nifty closed above its 20 period SMA, and only trading above its 20 period SMA will be short to mid term bull phase for Nifty. For Wednesday 8372 levels will be crucial resistance levels above which further rally till 8420 levels or above may be observed. Intraday support is at 8305/8299 levels.

Recommendation

Buy Nifty (CMP - 8368) above 8370

levels for 8410/8430 levels with 8350

as stop loss

fresh selling will arise sustaining

below 8320 levels

20 days SMA - 8181.67 50 days SMA - 8255.02 200 days SMA - 8372.66 Bollinger Band - Trading Below Upper Band

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Stocks Corner

Analyst Certificate & Disclaimer

Fresh Short

Long Liquidation

DLF IFCI BAJFINANCE IDFC POWERGRID UNIONBANK BANKINDIA UCOBANK LT BIOCON ALBK INFY BAJAJ-AUTO BHARATFORG JINDALSTEL HINDALCO TECHM GAIL TCS IGL

Fresh Long

Short Covering

UBL DISHTV JISLJALEQS CEATLTD IBREALEST ABIRLANUVO AUROPHARMA COALINDIA ULTRACEMCO MRF SUNPHARMA LUPIN AJANTPHARM BATAINDIA APOLLOTYRE AMTEKAUTO L&TFH DIVISLAB APOLLOHOSP GODREJIND CENTURYTEX BRITANNIA ACC ASHOKLEY SAIL TITAN GLENMARK IBULHSGFIN HINDUNILVR RELINFRA TATAPOWER ITC DABUR INDUSINDBK EXIDEIND TATAMOTORS CASTROLIND KOTAKBANK HEXAWARE DRREDDY AMBUJACEM BEL HDFCBANK NMDC RELIANCE SUNTV HDFC VEDL MINDTREE NFTYMCAP50 MARUTI CIPLA BOSCHLTD RECLTD NIFTY CNXPSE ADANIPORTS FEDERALBNK HAVELLS BANKNIFTY CNXINFRA BHEL ONGC JSWSTEEL TATAMTRDVR JPASSOCIAT ANDHRABANK

TATACOMM IDEA ZEEL ARVIND PTC TATASTEEL ASIANPAINT WOCKPHARMA TATACHEM M&MFIN MCLEODRUSS GRASIM OFSS COLPAL TATAGLOBAL MOTHERSUMI INDIACEM RELCAPITAL AMARAJABAT EICHERMOT BHARTIARTL STAR SIEMENS IRB SOUTHBANK JUSTDIAL SBIN PAGEIND ADANIPOWER JUBLFOOD TVSMOTOR PNB HDIL BPCL CESC YESBANK DHFL RCOM SRF SYNDIBANK KTKBANK CROMPGREAV IOB IDBI IOC ENGINERSIN ORIENTBANK SKSMICRO BANKBARODA HINDPETRO NHPC RPOWER GMRINFRA UNITECH JPPOWER

LICHSGFIN M&M CAIRN OIL UPL HEROMOTOCO ADANIENT AXISBANK NTPC PIDILITIND CNXIT PFC HCLTECH PETRONET WIPRO ICICIBANK HINDZINC SRTRANSFIN KSCL CANBK JSWENERGY VOLTAS

Note on Nifty Intraday Price,OI & Volume (30/06/2015)

On Tuesday rise in Nifty (0.60%) was registered with rise in Nifty July 15 futures open position (10.98%) and rise in Nifty spot intraday volume (5.54%). Nifty rise with rise in OI and rise in volume indicating that the market is attracting larger numbers of trader willing to open positions from the long side and hold them. Traders are more confident that prices will continue to climb up. This scenario indicates for a bullish movement to continue. Current rise of 0.60 % in Nifty was due to fresh long build up in Nifty July15 series. On Tuesday very high long builds up in stocks future was there. Along with it, very high shorts covering was there. Increase in fresh long builds up along with increase in short covering will allow Nifty to trade above 8380 levels on Wednesday. Low shorts build up along with it low long liquidation was also observed today and if there is increase in it then it will force nifty to trade below 8370 levels on intraday.

Break up of F&O Stocks on the basis of Price and OI Movement*

* the list is for information purpose only and in no way is buy/sell recommendation