- Today VIX close at 50.73 V/s 50.31 (0.837%) High Volatility
- Nifty May Future Close At 3638.4 With 03 Pts Prem.
· Also OI Decreased -5.14 Vs 2.25 % while june oi increased by 15 %
· Active calls in May series are 3800-3700-3600 (most active)
· Active puts in May series are 3500-3600-3400 (most active)
SUMMARY FROM THE ABOVE DETAILS.
- Maximum target for this rally is 2860 – 2890 – 2930-2958-3005-3082 -3166 – 3200 -3240 – 3312 – 3450 --3500-3590-3680-3700-3790
- Targets Achieved On Closing Basis Pending Tgt Are Unhilighted. (+) Or (-) 20 Pts
· Market Has Closed On –Ve Bias But Still Above And Touching The Main Trendline Still Not A Single Indicator Is Showing Confirm Downtrend Which Means Correction Or Consolidation In Rectangle And Now Only To Days For Weekly Closing And Election Results Which Means Lot Of Volatality In The Mkt In Last 2 Sesions (No Trade Zone) Range Still Remains Same 3480-3720 Not Able To Give Close Above 3700 And Below 3600 So It Is Advisable To Wait And Watch For The Range Breakout Instead Of Loosing Money In Trades Be Away From The Mkt For A Week. Huge Profit Booking Above 3700 Levels Seen But (CLICK TO READ )Fiis Invest Rs 4,107 Cr In Shares; Hold Sensex Above 12k Level Play Of Operator And Fii With The Technical Levels Killing Bull And Bear Both In A Single Day Which Indicates Further Volatality.
· STILL THE TOP OF THE RALLY REMAINS 3790-3800 LEVELS BEFORE ELECTION AND CLOSE ABOVE 3800 CAN RALLY ABOVE 4000-4200 LEVELS CLOSE BELOW 3480 ONLY CAN SLIDE FURTHER DOWNSIDE UNLESS THIS HAPPENS IT IS BUY ON INTRADAY DIPS AND SELL ON RISE .
· Note : Still Overnight Position Is Not Advisable.
- LEVEL FOR THE DAY
- TECHNICAL OUTLOOK :
- Imp Support 3610, Imp Resistance 3665,
- Likely Trading Range 3580 - 3690,
- Trade on long Above 3648 and Vice versa
- Note :- Please don’t use this levels when gap up or gap down. Also either side band is breached shall show breakout in either direction, and close above / below the intra band shall continue with the same trend for next day and can continue for for BTST OR STBT.
TRADING DAIRY FOR 13/05/2009
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