Daily Nifty Observer

Issue - 1117

July 04, 2014

Spot Nifty Daily Chart Analysis

Nifty Outlook

Spot Nifty closed at 7714.80 down by 0.13

% along with ranging trading session with
fall in volume which was below its 20
period SMA. It made a high of 7754.65 and
low of 7706.80 levels in intraday.
Nifty closed above its 20 period, above its
50 periods and above its 200 periods SMA.
Momentum oscillator is indicating that
Nifty is trading in its over sold zone on
intraday chart.

.......for Friday Nifty likely to continue

to trade above 7680 levels on Friday
with 7770 levels as intraday
resistance.........

Recommendation

Nifty closed above its 20 period SMA, and

only trading above its 20 period SMA will
be short to mid term bull phase for Nifty.

Buy Nifty (CMP - 7714) around 7690

levels for 7740/7770 levels with 7670 as

Continuation of Trading above 7680

levels on Friday will continue rally for
7800 levels or above in days to come.
Below 7680 levels, 7620/7590 levels will
give strong support.

stop loss

fresh selling will arise only sustaining

below 7650 levels
Support

60 Minute Chart Analysis

7705/7680/7650

Resistence
7740/7760/7780

Market Strength Indicators

14 days RSI - Down by 1.03 points at
667.13 levels
14 days SchRSI - Down by 6.67 points
at 80.04 levels
Stochastic - Down by 2.83 points at
91.05 levels
TSI - Up by 1.05 points

Market Intensity

Indicator

NFP - At premium of 21.24 from

premium of 24.7 earlier
Advance - 523
Decline - 729

14 days Schotestics RSI (60 minutes chart) closed at 0.00 levels & traded across its 9 period EMA for whole of the trading session
and managed to close below it. On Friday it may try to come above its 9 period EMA levels allowing Nifty to continue to trade
above 7680 levels.
On Thursday Nifty consolidated above 7700 and close at 7714 levels. On Friday 7705 and 7740 levels will provide immediate
support and resistance respectively to Nifty sustaining below or above which will set intraday tone for nifty. Below 7705 levels nifty
likely to move towards or below 7680 levels while sustaining above 7740 levels it may move towards 7780 levels or above on
intraday.

240 Minute Chart Analysis

Volatility - Unchanged at 0.12 levels

from previous

Moving Average Indicator

20 days SMA - 7590.98
50 days SMA - 7280.34
200 days SMA - 6496.36
Bollinger Band - Trading below
Middle Band

Other Indicators
FII's Spot - Positive
DII's Spot - Negative
F&O - Positive

After one trading sessions of trading

below Super Trend, over 240 minutes
Heikin Candle since four days it closed
above it. Continuation of trading only
above it will continue bull trend in short
term else will be bear phase.
Today Nifty closed above 7700 levels.
Today Nifty closed below 5th speed line
on 240 minutes chart. Speed line is
drawn from the low of 6665.40
(16/04/14) and high of 6861.30
(25/0414).
In 240 minute Heikin candle if nifty
trades above 5th speed line it is likely to
test 7770 levels or above. However, if
Nifty manages to trade below 5th speed
line, then it will test 7190 levels or
below in next few 240 minutes candle.

Note on Nifty Intraday Price,OI & Volume (03/07/2014)

On Thursday fall in Nifty (0.13%) was registered with fall in Nifty July 14 futures open position (4.08 %) and fall in Nifty spot intraday volume (4.50%).
Nifty fall with fall in OI and fall in volume indicating that the market is making its bottom and the higher probability is that the price will rise at some point
forward.
Current fall of 0.13 % in Nifty was due to long liquidation in Nifty July 14 series.
On Thursday high fresh long builds up in stocks future was there. Along with it, high shorts covering was there. Increase in fresh long builds up along with
increase in short covering will allow Nifty to trade above 7680 levels on Friday. High short build up along with it very high long liquidation was also observed
today and if there is increase in it then it will force nifty to trade below 7680 levels on intraday.

Stocks Corner
stocks likely to give positive move

United Bank (CMP -52) entry around 50 sl below 44 tgt 60

stocks likely to give negative move

IDFC (CMP - 133) entry below 131 sl 137 tgt 120 (time frame till July 14 expiry)

(time frame - above 12 weeks)

Note - All stop loss on closing basis

Note - All stop loss on closing basis

- Spot Rate

Fresh Long

Long Liquidation

UCOBANK
GLENMARK BATAINDIA
TATAMOTORS
DABUR
SYNDIBANK RANBAXY
SUNPHARMA
HDIL
BHARATFORG IRB
BHEL
ANDHRABANK
RELCAPITAL GAIL

BIOCON
IOB
UPL
IDBI
ALBK

ARVIND
APOLLOTYRE
AUROPHARMA
TATAMTRDVR
RELINFRA
TCS
TECHM
ITC

Short Covering

WIPRO
COALINDIA
TITAN
ORIENTBANK
EXIDEIND

JUSTDIAL
M&M
ADANIENT
HAVELLS
MCDOWELL-N
SSLT
ICICIBANK
UBL

IOC
LT
ADANIPORTS BPCL
AMBUJACEM MARUTI
ZEEL
POWERGRID
CROMPGREAV CNXPSE
L&TFH
YESBANK
DISHTV
RELIANCE
JSWENERGY PTC
IDFC
INDUSINDBK
HINDZINC
HEXAWARE

NIFTY
HDFCBANK
COLPAL
PETRONET
DIVISLAB
ABIRLANUVO
ACC
TATACOMM
OFSS
TATACHEM

INFY
SBIN
JUBLFOOD
NFTYMCAP50
BANKBARODA MCLEODRUSS
HINDPETRO
SRTRANSFIN
JINDALSTEL DRREDDY
KTKBANK
LICHSGFIN
RPOWER
IGL
IDEA
NHPC
ASHOKLEY
VOLTAS
IBREALEST
UNITECH

BANKNIFTY
GRASIM
MRF
CNXINFRA
CESC
HINDUNILVR
DLF
JISLJALEQS
BAJAJ-AUTO
JPPOWER

JSWSTEEL
SIEMENS
NTPC
CANBK
JPASSOCIAT

RECLTD
ULTRACEMCO
RCOM
INDIACEM
GMRINFRA

SUNTV
HCLTECH
ONGC
TATAGLOBAL

Fresh Short

PFC
CIPLA
LUPIN
FEDERALBNK GODREJIND CENTURYTEX
NMDC
CNXIT
ADANIPOWER
PNB
APOLLOHOSP HDFC

AXISBANK
BANKINDIA
BHARTIARTL ASIANPAINT
UNIONBANK IFCI
TATAPOWER HINDALCO
HEROMOTOCO M&MFIN

KOTAKBANK
TATASTEEL
CAIRN
SAIL

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