STOCK RATING
18-22 DEC - NIFTY KEEP SELLING ON RISE, budget next trigger
18-22 DEC - NIFTY KEEP SELLING ON RISE, budget next trigger
18-22 DEC - NIFTY 10333 - Nifty bounce towards 10400 after Gujarat exit poll. 10280/200 is major support for nifty. below that mid term down trend will start.
foreign investors selling with every rise in stock market. Strong dollar fails to break rupee support at 64 .
- 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 traders are buying put option and traders are selling call option for this month. thus December month expiry will be negative side. November data was also similar.
Future open interest rising due to short selling built up.
UP STOCK/FUT - 190/16
REPCOHOME SSLT CASTROLIND SRTRANSFIN PATNI
HINDUNILVR MINDTREE HDFC TORNTPHARM GAIL
HAVELLS SUNTV WOCKPHARMA INFY TVSMOTOR PCJEWELLER
DOWN STOCK/FUT - 232/20
IDFCBANK COREPROTEC MARICO ICIL TATAMTRDVR
BEML INDIACEM RPOWER STAR ORIENTBANK CUMMINSIND
IDBI RECLTD NAGARFERT POWERGRID IFCI CAIRN
ASIANPAINT CAPF INFRATEL
STOCK/FUT STRONG BUY - above 50 SMA & 200 SMA - 961/99.
STOCK/FUT BUY - below 50 SMA above 200 SMA - 279/34.
STOCK/FUT SELL - below 50 SMA & 200 SMA - 186/13.
STOCK/FUT STRONG sell- below 200 SMA above 50 SMA - 481/65.
STOCK/FUT BUY - below 50 SMA above 200 SMA - 279/34.
STOCK/FUT SELL - below 50 SMA & 200 SMA - 186/13.
STOCK/FUT STRONG sell- below 200 SMA above 50 SMA - 481/65.
For Monday the 18th Dec. someone is predicting NIFTY to 10500, someone 10600, someone 10700 and someone even more optimistic about 11000. But, Market is not to predict my friends, it is to observe and act upon the Chart Patterns. Market movements on Mondays of 17th May 2004, 18th May 2009, 16th May 2014 (that was Friday only) and 14th March 2017 were all consequences of different Chart Patterns which use to form far before the event dates. Market can look far ahead and use to take shapes accordingly. So, it is not wise to predict on market. Follow the Chart, make your system and stick to the system firmly. However, All the Best to my Bull friends for Monday the 18th Dec.
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