NIFTY SNAPSHOT DAILY CHART NIFTY NIFTY STRATEGY NIFTY-TECHNICAL

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NIFTY SNAPSHOT DAILY CHART NIFTY NIFTY STRATEGY NIFTY-TECHNICAL Powered By Docstoc
					24.11.2011

NIFTY SNAPSHOT                                                          DAILY CHART: NIFTY

                            CURRENT      PREVIOUS
Nifty Spot                   4706.45      4812.35
Nifty Nov                    4703.90      4805.30
Nifty Dec                    4720.65      4830.10
Chg. OI (Nov) (%)             -13.43       -10.15
Chg. OI (Dec) (%)              29.01        35.70
Implied Volatility (%)        27.69        25.06
Nifty Support                  4550         4720
Nifty Resistance               4830         4920
50 Day EMA                     5076         5046
100 Day EMA                    5168         5186
200 Day EMA                    5305         5363
Put-Call Ratio                  0.49        0.64
Historical Volatility (%)     28.40        27.43
Volatility Index              30.68        27.35




NIFTY STRATEGY                                      NIFTY-TECHNICAL OUTLOOK
 We recommend the following trading strategy:       Today the markets are likely to open on a flat to negative note on
                                                    back of negative global cues. All emerging markets are trading
                                                    mixed.
 Buy 1 Lot Dec Month Nifty 4900 CE around 80.
 Buy 1 Lot Dec Month Nifty 4800 PE around 160.      The coming session is likely to witness a range of 4550 on declines
 Lot size: 50                                       and 4830 on advances.


 Max Profit: Unlimited                              WORLD MARKET COMMENTARY
 Max Loss: 12000 (240*50)
                                                    Yesterday all leading American indices like Dow Jones Industrial
                                                    Average, NASDAQ index and the S&P 500 (SPX) ended in red. Dow
                                                    was down by 2.05% and closed at 11257; S&P 500 was down by
                                                    2.21% at 1161. European indices ended in red with FTSE down by
                                                    1.29%, DAX was down by 1.44% & CAC 40 was down by 1.68 %.

                                                    Today major stock markets in Asia are trading in mixed. Shanghai
                                                    Composite is down by 0.18% at 2390 and Hang Seng is up by 0.56%
                                                    at 17969. Japan’s Nikkei is down by 1.38% at 8199 and Singapore’s
                                                    Straits Times is up by 0.32% at 2685.



                                                    Singapore Nifty future is currently down by 14 points at 4690.

                                                    SECURITY IN BAN PERIOD

                                                    GITANJALI, RUCHISOYA and SUZLON are in ban period for trade date
                                                    Nov. 24, 2011 F&O segment.
     FII’S ACTIVITY IN F&O IN LAST TEN SESSIONS                                 FII’S ACTIVITY IN F&O IN LAST SESSION
             (DERIVATIVE SEGMENT)                                                       (DERIVATIVE SEGMENT)

 1500

 1000

  500
                                                                                          Sell
    0                                                                                    47.87%                                        Buy
                                                                                                                                      52.13%
 -500

-1000

-1500
          09- 11- 14- 15- 16- 17- 18- 21- 22- 23-
          Nov Nov Nov Nov Nov Nov Nov Nov Nov Nov


     BASIS GAP IN NIFTY                                                                 NIFTY TOTAL OPEN INTEREST

   25

   20                                                                         7000000             Call     Put

   15                                                                         6000000
   10                                                                         5000000

    5                                                                         4000000
                                                                              3000000
    0
                                                                              2000000
    -5
      a                                                                       1000000
   -10
          09- 11- 14- 15- 16- 17- 18- 21- 22- 23-                                   0
                                                                                          4500

                                                                                                  4600

                                                                                                         4700

                                                                                                                 4800

                                                                                                                        4900

                                                                                                                               5000

                                                                                                                                        5100

                                                                                                                                               5200

                                                                                                                                                      5300
          Nov Nov Nov Nov Nov Nov Nov Nov Nov Nov



     NIFTY CHANGE IN OPEN INTREST


                                                                                FII’s are net sellers in (F&O segment) last
3000000
                                                        Call    Put             session by INR 1305.20 crores.
2000000                                                                         Nifty Nov Futures closed at a discount of 2.55
1000000                                                                         points.
          0                                                                     Maximum Call for Nov month stands at the
                                                                                levels of 5200.
-1000000
                                                                                Maximum Put for Nov month stands at the
-2000000
                                                                                levels of 4600.
-3000000                                                                        Nifty closed down by 2.20% and open interest
-4000000                                                                        shed by 13.43%.
              4500

                     4600

                            4700

                                   4800

                                          4900

                                                 5000

                                                         5100

                                                                5200

                                                                       5300
STOCK REC0MMENDATIONS

ITC View: Bullish C.M.P: 195.50

  On daily chart the stock is trading within an
  upward channel, closed with increase in
  volume. Momentum oscillators are neutral to
  positive.


 We recommend to:
 Buy Dec. Fut. Above: 197.00
 Stop Loss: 195.00
 Target: 211.00
 Lot size: 2000


JPASSOCIAT View: Bearish C.M.P: 60.55

 On daily chart the stock is showing weakness
 against the market. Momentum oscillators are
 neutral to negative.



 We recommend to:
 Sell Dec. Fut. Below: 60.00
 Stop Loss: 62.00
 Target: 56.00
 Lot size: 4000



TATACOMM View: Bearish C.M.P: 180.05

 On daily chart the stock is showing weakness
 against the market. Momentum oscillators are
 neutral to negative.


 We recommend to:
 Sell Dec. Fut. Below: 179.00
 Stop Loss: 181.00
 Target: 175.00
 Lot size: 1000
For Any Query or Suggestions email at

researchfeedback@smcindiaonline.com

Analyst
Asmita Satyendra
asmitasatyendra@smcindiaonline.com



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