NIFTY OUTLOOK 11/04/2012

NIFTY FUT CLOSED AT 5266.15
NF SUPPORT LEVELS ARE 5235 5223 5211 5196 ....BETWEEN  S3 AND S4 I WUD LIKE TO COVER MY SHORTS AND BE LONG WTH A 5190 SL
NF WILL FIND RES NEAR 5287 5310 5321
WUD LIKE TO SHORT BETWEEN R2 AND R3 WITH SL ABOOVE 5331

NIFTY- day trade levels- 11-Apr-12

I  will be posting  the  levels of NIFTY (spot)  for  the purpose of  level based intra day trading.
These levels are obtained  using a combination of conventional methods and some of my own methods.  These are not any pivot levels or any other levels.  These are my own levels.
There will be 5 levels given every day including a mid point.  These levels are only for intraday trading of NIFTY.
I am sure,  these levels will give you excellent results.
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How to trade these levels ?
There will be 5 levels given everyday.
Once the market opens,  just see nifty value where it lies among these 5 levels of the day.   If nifty is in between any of these levels, then allow it to touch the nearest level.
If nifty goes below that level, and stay there for 3 minutes or more, then SELL.  Target would be the next below level. 
If nifty goes above that level, and stay there for 3 minutes or more ,  then  BUY.  Targe would be the next upper level
Stop loss can be kept as 14 points from the point of entry initially.
Once the trade makes 14+ profit,   move the stop loss to the entry price.
If you find that the trade is in wrong direction and convinced that nifty is moving in opposite direction, then move the stop loss to the nearnest point of nifty and take the stop loss.  Try to reverse the trade immediately if required.
Happy trading....
please note:

When nifty cross the HIGH 2 (2nd high level)   or goes below LOW 2 (2nd low level)  and stay there for about 3 to 5 minutes,   then there is chance that,  NIFTY may go approx 0.6 to 0.8%  further  Up or Down  from that level as the case may be.  ie approx  25  to 35 points  from the high 2  or  low2.

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NIFTY(spot)  -  Intraday  trade  levels  for  11-04-2012

High 2	5316
High 1	5276
Mid Point	5248
Low 1	5224
Low 2	5182

  Happy trading..

NIFTY REPORT FOR APRIL 11

The Sensex closed at 17244, up 22 points from its previous close, and the Nifty shut shop at 5244, up 9 points. The CNX Midcap index closed with 0.4% loss while the BSE Smallcap index was down 0.1% in today’s trade. The market breadth was negative with advances at 624 against declines of 780 on the NSE. The top Nifty gainers were Tata Power, Reliance Communications, Tata Motors and Kotak Mahindra Bank while the biggest losers included BHEL, Ambuja Cements, Ranbaxy and GAIL.
A volatile session is expected ahead. 5200 call added 272550 contracts in open interest and 5200 put added 444450 contracts in open interest. 5100 put added 252450 contracts in open interest, indicating distribution at this level around 5200. Market can turn violent any time at current situation. 5135 zone will act as a strong support zone. Nifty future open interest decreased by 2.36% Indicating less interest in short by smart money. Around 5150 levels nifty is attractive to buy with strict stoploss at 5110 level.
Slow stochastic indicator has fallen sharply while has not fall today, that’s indicating nifty is ready to come in oversold zone very soon.
Need to be cautious at this level. Only intraday trading is advisable for some days.
Resistance 1 Resistance 2 Resistance 3 Resistance 4 Resistance 5
5274.39 5292.56 5310.76 5329 5347.26
Support 1 Support 2 Support 3 Support 4 Support 5
5220.06 5202.01 5184 5166.01 5148.06
Recommendation:
Buy at / above: 5256.25 Targets: 5271.75 – 5289.91 – 5308.11 – 5326.33
Stoploss : 5238.14
Sell at / below: 5238.14 Targets: 5222.67 – 5204.61 – 5186.59 – 5168.59
Stoploss : 5256.25

5200 Building As Support Level For April

Today’s market has seen some buying at lower levels and stock specific action.
At present 5200 offering a support and break of this level will easily drag Nifty to 5050 level
As results season going to kick in still Indexes will face resistance at higher Key levels
5400 is key Higher level and 5200 is important support level from few months
Don’t take heavy long positions and avoid small cap stocks
Cut the greed to make higher returns.For time being stay with the cash and look for better buying opportunity
Best to your trading

IF YOU WANT TO MAKE MONEY IN STOCK MARKET……….

My dear investors if you want to make money in stock market just ban blue channels in your trading life. They change their view just like a model on a ramp. If market down one day they become bearish with scary targets. The next day when market bounce back they do not hesitate to give lofty targets with bullish outlook. In the process small investors are buying at higher level and selling in panic at lower level.
The recent correction is due to problem in Europe and uncertainty over GAAR. But interestingly those who will be affected most by these two news, FII are not selling; in fact they are still buying. Check yourself the data at NSE site. One more interesting fact that most of the Nifty stock are made 52 week high yesterday.Some smart operators are making most of the situation by using advanced tools of trading like basket selling to create an air of uncertainity and picking stocks in the process.
Just recall when IVRCL was trading at 30 levels all the blue channels were shouting from the roof tops with long research reports and advised to sell. The same channels are now recommending it to buy now at 70 level. Rest is self explanatory. So just switch off blue channel till 3.30 pm on trading day to make money in the stock market.
Market today will open positive and try to break up on the positive side. It will become volatile in the second half and face technical resistance at 5300, 5335 and support at 5238.5200. Today Select stocks in mid-cap space will outperform. Till nifty in this range midcap will fly around. Any close above 5335 with volume may open flood gates for 5400 levels.

OPEN INTEREST

 

 

Benefits of monitoring open interestBy monitoring the changes in the open interest figures at the end of each trading day, some conclusions about the day’s activity can be drawn.

Increasing open interest means that new money is flowing into the marketplace. The result will be that the present trend ( up, down or sideways) will continue.

Declining open interest means that the market is liquidating and implies that the prevailing price trend is coming to an end. A knowledge of open interest can prove useful toward the end of major market moves.

A leveling off of open interest following a sustained price advance is often an early warning of the end to an uptrending or bull market.

Open Interest - A confirming indicator
An increase in open interest along with an increase in price is said to confirm an upward trend. Similarly, an increase in open interest along with a decrease in price confirms a downward trend. An increase or decrease in prices while open interest remains flat or declining may indicate a possible trend reversal.

The relationship between the prevailing price trend and open interest can be summarized by the following table.

Price	Open Interest	Interpretation
Rising	Rising	Market is Strong
Rising	Falling	Market is Weakening
Falling	Rising	Market is Weak
Falling	Falling	Market is Strengthening

Stock Tips And Nifty Tips For 10 April 2012

BUY MAX ABV 182 SL BLW 175 TGT 190-195.
SELL HEROMOTOCO BLW 1958 SL ABV 1970 TGT 1940-1930.
(* Momentum calls are for intraday purpose and are generated as per semi-mechanical systems. Stop-loss is an essential risk control mechanism and it should always be there. If you find the stock opened near targets either avoid it or wait for it to come near entry level to enter, and only enter when the risk-reward ratio is favorable to you, we also recommend time to time profit booking and stop loss trailing.)
Nifty’s fully automated technical trend analysis:
NIFTY last traded price: 5231.95.
Turtle Trend Analysis: Current Hourly Trend: Down, Dynamic Trend SL: 5329.8.
Currently the Hourly MACD is bearish since it is trading below its Signal line. The MACD crossed below its Signal line 15 period(s) ago. The Hourly MACD is NOT in an Overbought/Oversold range. There have been no divergence signals within the last 5 period(s).
The current value for the 14 Hourly RSI is 31.531. The Hourly RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal is generated when the RSI moves out of an overbought / oversold area. The last Signal was a sell 16 period(s) ago. The RSI and price are not diverging.
PIVOT TRADING LEVELS FOR NIFTY FOR NEXT SESSION:
R2: 5,309.18 R1: 5,270.57 PIVOT POINT: 5,249.28 S1: 5,210.67 S2: 5,150.77