27-1 DEC - NIFTY support at 10300/350. for dual rise end confirmation, nifty needed to close below 10400.
NIFTY 10390 - 10300/350 support , below 10400, double top will be confirm. for continues six days, market remains in 100 point trading range . S n P unchanged rating will lead huge selling by foreign investors on monday.
from recent high of NIFTY down 4%, it needs day close below 10070 . It will confirm falling trend move of nifty.
foreign investors selling with every rise in stock market. Strong dollar fails to break support at 64/65 in rupee. S n P unchanged rating will lead weak rupee above 66.
- Nifty call fair price is more than actual traded price (discount), whereas
Nifty put option fair price is less than actual traded price (premium), thus trader are buying put option and trader are selling call option for this month. Future open intrest rising due to short selling built up.
Gold is moving upward. first target is 42000.
Double Top, Eve and Adam
UP STOCK/FUT - 207/21
SSLT VGUARD PATNI BANKNIFTY HDFCBANK SRF
ZEEL SOUTHBANK JINDALSTEL BIOCON INFY
TATAELXSI MRF DLF MCDOWELL-N BEL
RAYMOND TVSMOTOR ADANIPOWER VOLTAS PCJEWELLER
DOWN STOCK/FUT - 145/7
PVR COREPROTEC RELINFRA NAGARFERT
COALINDIA CAIRN GODFRYPHLP
STOCK/FUT STRONG BUY - above 50 SMA & 200 SMA - 949/119.
STOCK/FUT BUY - below 50 SMA above 200 SMA - 183/39.
STOCK/FUT SELL - below 50 SMA & 200 SMA - 226/24.
STOCK/FUT STRONG sell- below 200 SMA above 50 SMA - 385/43.
STOCK/FUT BUY - below 50 SMA above 200 SMA - 183/39.
STOCK/FUT SELL - below 50 SMA & 200 SMA - 226/24.
STOCK/FUT STRONG sell- below 200 SMA above 50 SMA - 385/43.
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