13-08-2012 Nifty, Bank Nifty View and Trading Levels.

Nifty on Friday:- Another day of choppiness in Indian Markets which ended flat for the third day as gains in IT stocks were offset by declines in State Bank of India and Tata Motors after both disappointed with their quarterly earnings, with Nifty losing 0.05% for the day. Sectoral indices continue to close mixed with Energy, Fmcg, IT and Metal indices adding 0.28% to 1.33%, while Banking, Auto, Infra, Pharma and Realty indices lost 0.14% to 0.98%.

European markets continue to rally and closed near its 2012 high with gains of 0.10% to 0.61% except Spain losing 0.58%. US markets recovered from opening lows and currently trading with marginal gains of 0.05% to 0.14% on Thursday. Asian markets closed mixed with Korea, Malaysia, Philippines, Singapore and Taiwan adding 0.06% to 0.30%, while China, Hongkong and Japan lost 0.24% to 0.97%.

Tracking mixed Global markets, Nifty opened marginal negative at 5308.20 and traded choppy in a range of 5304-5321 till noon. Below estimated Q-1 results from banking major SBIN and weak European markets dragged Nifty to hit day’s low of 5294.10 in late noon trade, however Nifty managed to recover in the second half of the day to hit day’s high of 5330.10 and closed at 5320.40, losing 2.55 points from its previous close.

As per the derivative and options data, the overall Volume PCR stands at 1.02 as against 1.01. This indicates continued long positions in Index Futures and fresh short positions in Stock Futures segment, with addition of open interest in Index option segment of the Markets. FII’s bought 83.16 crores in Equity and sold 846.94 crores in F&O (sold 21.28 crores in Index Futures, 135.34 crores in Index Options, 624.94 crores in Stock Futures, 65.38 crores in Stock Options), whereas DII's sold 536.99 crores in equities. This indicates FII's continue to add long positions in Equity, however booked profits in Index Futures and adding fresh short positions in Stock Futures segment of the markets, with hedging done in Index options, whereas DII's continued their profit booking at higher levels in the markets.

On Thursday, we have written that for intraday trading on Friday, resistance at 5390 for Nifty Futures. For paid subscribers we gave 5360 as initial resistance and 5310 as support. Just check your data, Nifty Futures opened exact to our support of 5340 and slipped further to hit day’s low of 5320, 10 points above our next support of 5310 in morning trade. Buying at lower levels in the second half lifted Nifty Futures to hit day’s high exact to our resistance of 5460 and after a choppy last hour trade Nifty Futures closed at 5350.

We also gave 5365 as support for Nifty Spot. For paid subscribers we gave 5330 as resistance and 5290 as initial support. Nifty Spot exactly tested our levels to hit high of low of 5294, high of 5330 and closed at 5320. For Bank Nifty Spot we gave 10300 as support. For our clients we gave 10420 as initial support. Bank Nifty made high of low of 10272, high of 10449 and closed at 10359. For Subscription Details, Visit:- http://nseind.blogspot.com/p/subscription_03.html

Nifty Future levels for Monday:- Resistance at 5385, 5??? and Support at 5305, 5???. More accurate details for paid subscribers only. For Subscription Details, Visit:- http://nseind.blogspot.com/p/subscription_03.html

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Trading Range for Nifty Spot on 13-08-2012 will be between 5430-5210.

Important levels to watch:-

Nifty Spot:-

Resistance at 5375, 5430 and Support at 5265, 5210.

Bank Nifty Spot :-
Resistance at 10510, 10670 and Support at 10210, 10050.

Expected Bullish, Bearish and Neutral Stocks in Nifty on 13-08-2012

Bullish Stocks:-
ACC, AMBUJACEM, BHEL, BPCL, CAIRN, DRREDDY, HCLTECH, HINDALCO, HINDUNILVR, INFY, ITC, KOTAKBANK, LT, M&M, MARUTI, NTPC, RELIANCE, SAIL, SESAGOA, STER, SUNPHARMA, TATAPOWER, TCS, WIPRO.

Bearish Stocks:-
ASIANPAINT, AXISBANK, BAJAJ-AUTO, BANKBARODA, BHARTIARTL, DLF, HDFC, HDFCBANK, HEROMOTOCO, ICICIBANK, IDFC, JINDALSTEL, JPASSOCIAT, ONGC, PNB, POWERGRID, RANBAXY, RELINFRA, SBIN, SIEMENS, TATAMOTORS, TATASTEEL.

Neutral Stocks:-
CIPLA, COALINDIA, GAIL, GRASIM.

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