Good Morning Friends.
Smooth road can
never make good drivers. A problem free life never makes a person strong. So
never ask “Why Me?” instead challenge it and always say “Try Me!”.
So we are trying free hand from last 2
sessions as world leader in economy US was closed for 2 days. Now hopefully
today it will open. Well y’day markets ended
with modest gains and managed to close above the 5600 mark once again. As told
in y’day M Bells traded in a tight range once again with a slightly negative
bias.
Pharma stocks were the
top gainers and gained 1.78%, rate sensitive stocks which beaten badly on
Tuesday got bounce back i.e. Auto & Realty index gained 1.5% and 1.3% while
Capital Goods and the Oil & Gas index marginally slipped.
Y’day Kejariwal had accused RIL, RIL has stated
that the statements made by IAC in the press conference today are devoid of any
truth or substance whatsoever and are denied. The deep water exploration
project in the KG-D6 basin has deployed the best technical resources and has
been recognized by the oil and gas industry as one of the very best in its
class, added RIL in a media report.
In another media report The
Union Finance Minister, P. Chidambaram said that debt of a country must be
sustainable and should be within the limits. No country can live beyond its
means. He further added that serious efforts would also be made to bridge the
gap in the Current Account Deficit (CAD) which presently stood at US$ 70.3bn.
He said there are mainly three major heads to do the same i.e. through FDI,
FIIs and ECBs (External Commercial Borrowings).
The
deadline for complete switchover to digitization in the four metros ends Y’day.
The percentage of digitization in the four Metro cities - Mumbai, Delhi, Chennai
and Kolkata - has reached 85 per cent and only 15 per cent is remaining, said
the latest government data. Major player Dish TV is optimistic and has seen
massive demand. "Our numbers have gone up 10 times in Delhi and 6-7 times
in Mumbai." Salil Kapoor, COO, Dish TV said to media.
MARKET OUTLOOK –
On RBI decision market reacted sharply but today it
rebound which is giving sense for some profit taking ground in coming days. I
have already warned repeatedly that till 6 big participants will remain
sideline, they will enter if needed i.e. to save their positions only. There’s
also higher chances that market can go for profit booking before US Prez
election.
The INDIA VIX on NSE down 5% to end at 14.40 and F&O PCR is 0.81.
FII DERIVATIVES STATISTICS FOR 31-Oct-2012
|
|||||||
BUY
|
SELL
|
OPEN INTEREST AT THE END OF THE DAY
|
Difference
|
||||
No. of
contracts
|
Amt in
Crores
|
No. of
contracts
|
Amt in
Crores
|
No. of
contracts
|
Amt in
Crores
|
||
INDEX
FUTURES
|
21795
|
600.03
|
27735
|
769.43
|
381716
|
9338.48
|
-169.39
|
INDEX
OPTIONS
|
292594
|
8199.93
|
281418
|
7891.35
|
1626980
|
45719.92
|
308.58
|
STOCK
FUTURES
|
40996
|
1139.90
|
34667
|
938.01
|
1051031
|
27838.24
|
201.90
|
STOCK
OPTIONS
|
33635
|
908.90
|
34750
|
943.75
|
54945
|
1425.47
|
1515.70
|
We can clearly see fall in volume and that was
the reason market rebounded y’day and closed in GREEN. Well FII shorted Index
future and went long in stock futures which is indicating that buying in
selective scrip will be preferred.
NIFTY OUTLOOK –
Nifty Derivatives Statics (Key Facts)
|
|||||||
Strike
|
OI
|
Change
in OI
|
IV
|
Strike
|
OI
|
Change
in OI
|
IV
|
Longs created
|
Shorts created
|
||||||
5700-CE
|
55,93,450
|
8,09,200
|
11.73
|
5600-PE
|
54,40,700
|
5,39,650
|
14.7
|
5800-CE
|
51,73,500
|
4,59,600
|
11.71
|
5500-PE
|
48,09,900
|
3,93,600
|
15.18
|
5900-CE
|
59,52,300
|
4,14,450
|
11.66
|
5400-PE
|
48,03,250
|
4,52,150
|
15.83
|
6000-CE
|
52,34,600
|
3,37,550
|
12.08
|
5300-PE
|
54,69,550
|
2,64,050
|
16.68
|
Data
shows huge addition to 5700CE, it was first day in new series when we have seen
most no. of addition to 5700CE else it was either to 5900 or 6000 call was to
5500 or 5400 PE.
Resistance
comes to 5635 - 5650 – 5676 and Supports comes to 5593 – 5566 - 5552. Here I
would like to mention Nifty has strong support at 5580 & 5530. Sp if 5530
broken Nifty will go for gap filling and we will see Nifty below 5500 Mark.
Opening seems under pressure with
slightly negative bias.
OPEN CALLS –
# Please
remember when I make special remark with any position then one should need to
take care of that else you can make loss instead of profit.
# Be with strict SL and don’t
hesitate to book profit if Nifty doesn’t shows strength.
DhanBank -
@55 for TG 70 SL 45
Jindal Photo -
@145 for TG 160+ SL 130
Omkar Chemicals (New call) -
@110 for TG 118+ SL 95
ICICI 1150CE -
@7.25 (Average price) for TG 20+ SL (NA – Hero to Zero)
Today’s MG Mantra –
Ahead of US Election its advisable that keep
only intraday or very short term positions. Trend could be sell on rise till
5675 is not taken out on closing basis.
Have
a Profitable day – MG
Disclaimer –
1. I have shared my view as per my
limited knowledge; please use your own skills to make a wise decision before
execution of trade.
2. Those that don’t have patience and
are not willing to book loss also in cases don’t enter this market.