14-08-2012 Nifty, Bank Nifty View and Trading Levels.

Nifty on Monday:- Indian Markets erased its two day’s of marginal losses, with Sensex closing at 5 month high, led by rate sensitive stocks on expectation of lower inflation data on Tuesday would help RBI to cut interest rates, with Nifty adding 0.52% for the day. Except Auto Index losing 0.14%, all other Sectoral indices ended with gains of 0.03% to 2.74%, led by Realty, Infra and Banking sectors.

European markets dipped to close with loss of 0.08% to 1.11% as soft Chinese macro data prompted investors to take a breather after a sharp two-week rally. US markets continued its choppy trade and closed with marginal loss of 0.25% to 0.30% on Friday. Asian markets closed mixed with Korea, Philippines, and Singapore adding 0.20% to 0.45%, while China, Hongkong, Japan, Malaysia and Taiwan lost 0.09% to 1.51%.

Tracking negative Global markets, Nifty opened marginal negative at 5316.35 and traded choppy in a range of 5310-5330 till noon. After hitting day’s low of 5309.05 in afternoon session, Nifty recovered in the last hour of trade, on the back of recovery in European markets from opening lows, to hit day’s high of 5352.45 and finally closed at 5349.90, adding 27.50 points to its previous close.

As per the derivative and options data, the overall Volume PCR stands at 1.15 as against 1.02. This indicates profit booking in Index Futures and additional short positions in Stock Futures segment, with addition of open interest in put options and unwinding of call options in Index option segment of the Markets. FII’s bought 339.76 crores in Equity and sold 908.69 crores in F&O (sold 27.69 crores in Index Futures, 409.92 crores in Index Options, 441.59 crores in Stock Futures, 29.49 crores in Stock Options), whereas DII's sold 176.34 crores in equities. This indicates FII's continued their buying in Equity, however added fresh short positions in Futures segment of the markets, with hedging done in Index options, whereas DII's continued their profit booking at higher levels in the markets.

Yesterday, we have written that for intraday trading on Monday, resistance at 5385 for Nifty Futures. For paid subscribers we gave 5335 as support. Just check your data, Nifty Futures opened marginal negative at 5338 and traded choppy in a range of 5328-5349 in the first half of the day. Negative opening in European markets saw Nifty Futures hit day’s low of 5326.85, in afternoon trade, however recovery in European markets lifted Nifty Futures in the last hour of trade to hit day’s high of 5377.70, 7.30 points below our resistance of 5385 and closed at 5372.

We also gave 5375 as resistance for Nifty Spot. For paid subscribers we gave 5350 as initial resistance and 5310 as initial support. Nifty Spot exactly tested our levels to hit low of 5309, high of 5352.45 and closed at 5348. For Bank Nifty Spot we gave 10510 as resistance. For our clients we gave 10445 as initial resistance and 10275 as support. Bank Nifty almost respected our levels to hit low of 10284, high of 10415 and closed at 10401. For Subscription Details, Visit:- http://nseind.blogspot.com/p/subscription_03.html

Nifty Future levels for Friday:- Resistance at 5415, 5??? and Support at 5330, 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 14-08-2012 will be between 5450-5245.

Important levels to watch:-

Nifty Spot:-

Resistance at 5395, 5450 and Support at 5300, 5245.

Bank Nifty Spot :-
Resistance at 10520, 10650 and Support at 10280, 10150.

Expected Bullish, Bearish and Neutral Stocks in Nifty on 14-08-2012

Bullish Stocks:-
ACC, AMBUJACEM, ASIANPAINT, AXISBANK, BAJAJ-AUTO, BHEL, BPCL, CAIRN, DLF, DRREDDY, HCLTECH, HDFC, HDFCBANK, INFY, ITC, KOTAKBANK, LT, M&M, MARUTI, RELIANCE, RELINFRA, SAIL, SESAGOA, SIEMENS, STER, SUNPHARMA, TATAPOWER, WIPRO.

Bearish Stocks:-
BANKBARODA, BHARTIARTL, HEROMOTOCO, HINDALCO, HINDUNILVR, ICICIBANK, IDFC, JINDALSTEL, JPASSOCIAT, ONGC, PNB, RANBAXY, SBIN, TATAMOTORS, TATASTEEL, TCS.

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

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