Raghav Investment Hub

Jai Ganesh

Levels: - All spot level.    Nifty range: - 5600-5900~6000

We formed a good base and we broke Nifty range of 5400-5700 and also we broke the last high 5754 during this process. So now the obvious target for this breakout above 5700 comes @5850. We have also crossed 200emai @5664 and 100emi @5759. Now we are just above 100emi, as market is strong it will go near 5850. And next target will be 5900-5914. Than we will be try to go for a reversal as indicators were highly active.   

On weakly chart we have just given a long confirmation with 1^st hurdle coming around 5970-75 and looking into chart market look strong until unless it holds 5626 level. So we would advise a long based on weakly chart on any bull back rally.

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Jai Ganesh

Levels: - All spot level.    Nifty range: - 5900-6100.

        Yesterday interpretation: - Market opened gap up and slowly moved up in morning session but after 3 hr of try (10.30-1.30) was not able to cross those high, and finally we cracked. We saw good fresh short build up in 5900pe, 5700pe, 6100ce and 6200ce, with some unwinding in 6000pe.

             Our View: - Though option suggest that we moving up but individual stocks are breaking down which creates confusion. So we suggest that near 5900 go long with 5880 or day low as SL and near 6000 short it with 6012 as Sl. Below 5880 we suggest shorting.

             In this situation intraday trading is good. For positional, keep your eye on individual stocks. I am once again repeating that very soon we will have budget rally so just wait for them to start.

—  Resistance :- 5942, 5970, 5991, 6012, 6040.5, 6053,  6084, 6115, 6148, 6182, 6308, 6336,

—  Support :- 5914, 5880, 5840, 5822, 5777,

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Jai Ganesh

Levels: - All spot level.    Nifty range: - 5900(tempo)-6100.

        Yesterday interpretation: - Market is continuing its down trend and it broke 5900 but option still suggest support @5900. Highest short build up was seen @5600pe, 5800pe, 5900ce and 6000ce with Max OI for 5900pe and 6100ce and short covering seen @5900pe and 6000pe. This is not good indication for bulls.

             Our View: - We are still in hand of bears and no proper sign of reversal is coming. Also option support @5900 is weakening and a fresh resistance @6000 is being created. But as all indicators look tired and we don’t have –ve news or anything like that so might see market holding here in this area for few days to heat up the indicators.

    We have seen some indication of bounce in some Banking stocks, market sooner or later follows Nifty so if bank’s continues to bounce we can see market bouncing but crossing 6000 and 6100 will be very tough job in this expiry.

   Even though I am waiting for some bounce, I am not going long in derivative segment, as till now no sign of reversal is seen. But I have slowly started building long position in cash market with 20%-30% of investment.

—  Resistance :- 5925, 5954, 5991, 6012, 6040.5, 6053,  6084, 6115, 6148, 6182, 6308, 6336,

—  Support :- 5880, 5840, 5822, 5777,

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Jai Ganesh

Levels: - All spot level.    Nifty range: - 5900(tempo)-6100.

        Yesterday interpretation: - Market opening @5936.45, as per our morning commentary gave a buy in range of 5940-50 touched 5978.5 but was not able to sustain and due to bearish sentiment again dragged down to make new low of 5927.6, during this it broke the opening level of gap formed on 1^st Jan 2013 @5935.2. High short build up was seen in 6000ce, 6100ce, 6200ce and on put side 5900pe, 5800pe and 5600pe. Bulls have more control on 5900 and bears @6000

             Our View: - Market going ahead looks with some sign of tiredness shown among bears. As we have in b/w the gap formed on 1^st Jan (gap @5919 and 5935.2) so even if we want to go up, we have to fill this gap completely at any cost. So we are going to see 5919 level for sure with good support @5895-5901.

      Main concern is that we have not yet found the proper lower range of this expiry, 5900 mentioned above is only for temporary basis where we look like finding support for this month.

   Also considering Union Budget 2013 on 28^th Feb =expiry of Feb series, we may see some volatility. As we are into penultimate year of Election, gov will surely want to impress people with this budget if they really want to come in power again, so I am expecting a very impressing budget.

       Considering an expected good budget a good rally is expected, so we must make our mind that anytime bulls has to come back. I am writing this in advance so that no miss this good opportunity. Get ready with your selected stocks and with any sign of reversal start taking long positions.

(Not to mention that it my view that I am expecting a good budget, but technically also we are tired and we may find some support).

—  Resistance :- 5983, 6012, 6040.5, 6053,  6084, 6115, 6148, 6182, 6308, 6336,

—  Support :- 5940, 5901, 5840, 5822, 5777,

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