Trading ideas (Time period: 1-3 days)

Pee Vee
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Trading ideas (Time period: 1-3 days)

Postby Pee Vee » Fri Mar 31, 2017 2:36 pm

Trading ideas (Time period: 1-3 days)

Finolex Industries (Buy above 570, for Target of 595, Stop Loss at 557): After consolidating for over 4 weeks the stock has finally broken out from a flag pattern, which is a classic continuation pattern. Rise in traded volumes and momentum oscillators indicate strength in the current price outburst. It suggests Finolex Ind will further move in the direction of its primary up trend.

Rollover Analysis

Markets upbeat, Bank Nifty likely to shine

Markets were on a hot streak, as Nifty managed to close above its previous lifetime high of 9119 level. Nifty PSU index outperformed Nifty Bank Index by a whopping 3.1% as the news on fresh capital infusion in PSU banks gained momentum. Put option writers took center stage as the indices continue to surge higher. Nifty and Bank Nifty were up by 2.6% and 3.5% on (eoe) basis. Short volatility strategies like Short Iron Butterfly spreads were the flavor of the series as the major events like RBI credit policy and FOMC credit policy unfolded during the first two weeks of the March F&O series. Participation in Nifty and Bank Nifty F&O contracts increased as open interest surged towards multi-year high on market-wide positions.

FII's continued to bet big on the Indian markets, posting a buying figure to the tune of ~Rs.21,885cr in the cash segment, highest since March 2016. Long/Short ratio of Index Futures was above 3x for almost entire series, leading to a strong up move in the indices. Rollovers of Nifty and Bank Nifty stood at 67.7% and 67.6% (2.6 Cr/2.67 lakh shares) respectively as against the 3-month average of 72% and 63%. The cost of carry in percentage terms for Nifty and Bank Nifty is lower than its previous 3-month average due to the expectation of dividend. Based on the aforementioned data, we are expecting Bank Nifty index to surge higher up to the next resistance zone of 22000. On the options front, April series starting with maximum calls base at 9500 strike (3.2 mn shares) and maximum put base at 9000 strike (3.1 mn shares).

Derivative strategies (Time period: Till expiry)

Buy LUPIN April Future @ 1450-1455, Stop Loss 1421 and Target 1479-1481.

Derivative Snippets

Markets were on a hot streak, as Nifty managed to close above its previous lifetime high of 9119 level. Nifty 9200 call at fresh long buildup indicating continuation of this rally.

FIIs were net buyers in cash market segment to the tune of Rs 68 crore.

FII’s index future long/short ratio at 3.3x vs 2.5x, with a significant unwinding of long and shorts positions to the tune of ~140K and ~82K contracts.

Pee Vee
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Posts: 277
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Re: Trading ideas (Time period: 1-3 days)

Postby Pee Vee » Fri Mar 31, 2017 2:39 pm

Trading ideas (Time period: 1-3 days)

Zee Entertainment (Buy above 531, for Target of 550, Stop Loss at 521.5): The stock has witnessed a swift move and has smoothly broken out from a Symmetrical Triangle pattern indicating a typical continuation of its previous uptrend. The price outburst has also been accompanied with smart volume uptick. Other momentum oscillators also indicate strength in the current up move.

Derivative strategies (Time period: Till expiry)

Buy SUN TV March Future @ 784-789, Stop Loss 768 and Target 798-800.

Derivative Snippets

In the last trading session, markets ended the trading session on a positive note, as PSU banks continued to surge higher. Long Build up was seen in Bank Nifty future along with the short covering of ITM/ATM call options, indicating of a continuation of this rally up to the resistance zone of 21500 levels.

FIIs were net buyers in cash market segment to the tune of Rs 6415 crore.

FII’s index future long/short ratio at 2.7x vs 3.2x, with a significant creation of fresh long and shorts positions to the tune of ~34k and ~12K contracts.

Corporate Snippets

Larsen & Toubro (L&T) said the Buildings & Factories Business of L&T Construction has bagged a major design and build order worth Rs29.03bn to re-develop Mumbai’s BDD Chawls for Maharashtra Housing and Area Development Authority (MHADA). (LT)

Aurobindo Pharma Ltd has received final approval from the US Food & Drug Administration (USFDA) to manufacture and market Meropenem injection. (BL)

Bharti Airtel Limited announced the successful completion of the secondary sale of over 190mn shares of its subsidiary Bharti Infratel Limited, representing a 10.3% stake, to a consortium of funds advised by KKR and Canada Pension Plan Investment Board (CPPIB) for over Rs61.94bn (~ USD951.6mn), executed at a price of Rs325/share. (BS)

Pee Vee
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Re: Trading ideas (Time period: 1-3 days)

Postby Pee Vee » Mon Apr 03, 2017 11:40 am

Trading ideas (Time period: 1-3 days)

Vijaya Bank (Buy above 67.5, for Target of 72, Stop Loss at 64): After consolidating for over 2 months the stock has finally broken out from a flag pattern, which is a classic continuation pattern. Rise in traded volumes and momentum oscillators indicate strength in the current price outburst. It suggests Vijaya bank will further move in the direction of its primary up trend.


Derivative strategies (Time period: Till expiry)

Buy Indigo April Future @ 1055-1065, Stop Loss 1034 and Target 1078-1083.

Derivative Snippets

In the last trading session, markets traded with a flat to negative bias. Private sector Banking stocks remained under pressure. Highest open interest call base shifted from 9500 to 9200 strike with an addition of ~7 lakh contracts, making 9200 as the important resistance level at the start of this new April F&O series.
FIIs were net buyers in cash market segment to the tune of Rs -296 crore.
FII’s index future long/short ratio at 3.3x.

Pee Vee
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Re: Trading ideas (Time period: 1-3 days)

Postby Pee Vee » Tue Apr 11, 2017 10:14 am

Technical view: Nifty now finds strong support around 9150 while 9250 will act as resistance on the way up. Bank Nifty also saw strong resistance around 21750 with 21300 now acting as strong support.

Trading ideas (Time period: 1-3 days)

BPCL (Buy above 676, for Target of 700, Stop Loss at 664): Stock has broken out on daily charts from a channel and also managed to close above its 50 and the 100 DMA. On weekly charts too, BPCL has rebounded from the rising trend line support zone. RSI crossover on daily charts coupled with increase in volumes augurs well for the stock. We advise to Buy BPCL above Rs 676, Stop Loss at Rs 664 and Target of Rs 700.

Derivative strategies (Time period: Till expiry)

BUY JSW STEEL April future @ 198-200, Stop Loss 193.5 and Target 202-203.

Derivative Snippets

In the last trading session, markets ended on a negative note as the OTM put option writers ran for cover. Long unwinding was observed in Nifty and Bank Nifty futures. The impact of heavy short selling in the OTM call option strikes might lead to an increase in selling pressure at higher levels for the markets.

FIIs were net Sellers in cash market segment to the tune of Rs -262 Cr.

FII’s index future long/short ratio at 3 x vs 3.2x. Heavy long position to the tune of ~24k contracts was created in index put options.

IIFL Amar Ambani

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Postby RomalaG.sib » Tue Apr 11, 2017 11:08 pm

Are there any mod which Anonimous user After that he had vieved some videos for example 3-4 videos, in order to continue vieving other videos, he nust be registered?


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