Following is a list of top gainers and losers in the futures and options market in the NSE on the 30th May 2007 for the June series: Top Gainers % CHANGE SYMBOL OPEN HIGH LOW CLOSE IN O.I. AIAENG 1495 1642 1492.7 1568.75 375 NICOLASPIR 357.4 373.8 356.05 358.4 150 STERLINBIO 206.5 218.6 206.5 211.3 56.75 RANBAXY 512 538.3 511.5 530.75 55.85 BAJAJHLDNG 620 643 593.15 617.05 39.55 COLPAL 433 440.9 416.5 418.85 38.46 BHUSANSTL 842.75 924.35 842.75 913.55 35.19 M&M 612 614.9 582.6 588.3 22.52 MCDOWELL-N 1640 1709 1625 1659.25 20.97 BEL 1164 1210.35 1113.55 1161 20.77 EKC 306.2 310.5 292.3 302.4 18.37 J&KBANK 645 645 635 643.5 17.65 GLAXO 1120 1179 1120 1143 16.53 ORIENTBANK 175.65 176 167.75 168.3 16.46 AMTEKAUTO 292.2 295.5 286.15 291.05 14.63 IOB 125.5 125.5 116.1 116.9 14.07 BEML 1122 1122 1071 1084.7 13.29 SHREECEM 800.05 800.05 785 800 11.76 BAJAJ-AUTO 603.8 603.8 542 573.6 11.41 HINDPETRO 254.5 254.7 241.3 246.55 11.24 ABAN 4072 4125 3952 4012.85 10.31 STER 911.9 947.75 903.5 919.75 10.26 Top Losers % CHANGE SYMBOL OPEN HIGH LOW CLOSE IN O.I. HCC 113.5 120.8 113 119.25 -9.98 BHEL 1615 1676 1608.6 1662.9 -9.88 BANKINDIA 294 299.25 289.25 295.85 -9.35 IVRPRIME 215.95 226.9 212 224.5 -9.21 CROMPGREAV 230.25 232.8 227.25 230.9 -9.15 GAIL 393 403 390 400.6 -8.39 LT 2907.9 3046 2907.9 2977.5 -8.36 WELGUJ 378.75 394.95 378.75 391.3 -7.31 GNFC 156.9 157.9 150.3 153.25 -6.49 BATAINDIA 162.1 164.9 160.6 163.85 -6.02
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"Blood
Saturday, 31 May 2008
FnO
Friday, 30 May 2008
Open Interest
What Open Interest Tells Us
A contract has both a buyer and a seller, so the two market players combine to make one contract. The open-interest position that is reported each day represents the increase or decrease in the number of contracts for that day, and it is shown as a positive or negative number. An increase in open interest along with an increase in price is said to confirm an upward trend. Similarly, an increase in open interest along with a decrease in price confirms a downward trend. An increase or decrease in prices while open interest remains flat or declining may indicate a possible trend reversal.
Rules of Open Interest
Now, there are certain rules to open interest that must be understood and remembered. They have been written in many different publications, and one of them being an excellent version of these rules written by chartist Martin Pring in his book "Martin Pring on Market Momentum".
In this 2002 chart of the COMEX Gold Continuous Pit Contract, the price is rising, the open interest is falling off and the volume is diminishing. As a rule of thumb, this scenario results in a weak market.
If prices are rising and the volume and open interest are both up, the market is decidedly strong. If the prices are rising and the volume and open interest are both down, the market is weakening. Now, if prices are declining and the volume and open interest are up, the market is weak, but when prices are declining and the volume and open interest are down, the market is gaining strength.
Open interest is an indicator often used by traders to confirm trends and trend reversals for both the futures and options markets. Open interest represents the total number of open contracts on a security. This article explains the importance of the relationship between volume and open interest in confirming trends and their impending changes.
Volume
Used in conjunction with open interest, volume represents the total number of shares or contracts that have changed hands in a one-day trading session in the commodities or options market. The greater the amount of trading during a market session, the higher the trading volume. A new student to technical analysis can easily see that the volume represents a measure of intensity or pressure behind a price trend. The greater the volume the more we can expect the existing trend to continue rather than reverse.
Technicians believe that volume precedes price, which means that the loss of either upside price pressure in an uptrend or downside pressure in a downtrend will show up in the volume figures before presenting itself as a reversal in trend on the bar chart. The rules that have been set in stone for both volume and open interest are combined because of their similarity; however, having said that, there are always exceptions to the rule, and we should look at them.
General Rules for Volume and Open Interest
Let's summarize these with an easy-to-read chart:
When open interest is high at a market top and the price falls off dramatically, this scenario should be considered bearish. In other terms, this means that all of the long position holders that bought near the top of the market are now in a loss position, and their panic to sell keeps the price action under pressure.
There is no need to study a chart for this indicator since the rules are the most important area to study and remember. If you are a new technician starting to understand the basic parameters of this study, look at many different charts of gold, silver, and other commodities so you can begin to recognize the patterns that develop.
Remember it's your money - invest it wisely.
----- With due apologies and full credits to investopedia
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Tuesday, 27 May 2008
Friday, 23 May 2008
Stocks in FnO
Following is a list of top gainers and losers in the futures and options market in the NSE on the 22nd May 2007 for the May series: Top Gainers % CHANGE SYMBOL HIGH LOW CLOSE IN O.I. DRREDDY 689.5 642.5 681.95 8.93 YESBANK 168 161.5 162.2 8.87 BPCL 352 338.05 346.2 7.91 AXISBANK 860.05 824.4 829.05 6.11 AMBUJACEM 108 103.1 104.05 5.3 HINDPETRO 241.3 232.55 235.4 5.07 Top Losers % CHANGE SYMBOL HIGH LOW CLOSE IN O.I. ULTRACEMCO 696 681 681.9 -58.27 INDIACEM 176.5 164.65 173.2 -54.5 CHAMBLFERT 83.1 77.3 78.3 -34.43 KESORAMIND 363 354 358.15 -30.62 TATACOMM 512.6 496 499.95 -25.66 ABB 1029 1000.2 1001.85 -20.36 UNIPHOS 357 337 353.75 -20 GTOFFSHORE 774.8 729 744.75 -19.05 NICOLASPIR 348 344 345.15 -17.33 BIRLAJUTE 221 215 215.85 -15.52 GTL 253 247.7 248.45 -15.27 SRF 134.5 125.5 129.4 -15.1 ALBK 87.4 86.15 86.55 -14.96 ABAN 4265 3990.1 4156.55 -14.25 HINDOILEXP 160.45 147.25 148.25 -14.18 HINDALCO 199.8 192 198.35 -13.94 ROLTA 316.7 303.35 305 -13.52 ANDHRABANK 81.2 79.7 79.95 -13.28 UNITECH 278.9 272.5 274.35 -12.97 TVSMOTOR 43.15 41 41.45 -12.96 KTKBANK 205.8 203.05 203.45 -12.68 GRASIM 2324 2270.1 2305 -12.39 MAHLIFE 647.6 609 634.7 -12.35 SUZLON 305.8 290.2 291.55 -12.33 APTECHT 263.45 247.25 249.35 -11.89 RPOWER 448.8 427 439.9 -10.91 JPASSOCIAT 251.15 245.05 246.2 -10.67 CMC 770 755 762.1 -10.15 ABIRLANUVO 1590 1555.25 1580.45 -10.07
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Thursday, 22 May 2008
Nifty - what next can come?
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Tuesday, 20 May 2008
Report - for Tuesday 20th
Stock / Index Previous Day Close Previous Day % Change Buy / Sell Target One Target Two Stop Loss Horizon NIFTY FUT 5152.30 0.77% Sell 5114.10 5082.65 5176.70 INTRA DAY ACC 681.30 -0.05% Buy 689.85 694.65 674.90 INTRA DAY NTPC 191.00 -0.18% Buy 194.85 199.70 188.70 INTRADAY M&M 663.45 0.20% Buy 669.40 674.10 656.90 INTRADAY PATNI 281.05 -0.76% Sell 271.40 265.15 288.10 INTRA DAY
----- With due apologies and full credits to ncr on web dot com
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Stocks in FnO
Following is a list of top gainers and losers in the futures and options market in the NSE on the 16th May 2007 for the May series: Top Gainers % CHANGE SYMBOL OPEN HIGH LOW CLOSE IN O.I. CHAMBLFERT 73.4 80.5 71.65 79.6 76.78 BRIGADE 195 223.4 193.2 218.75 47.78 MATRIXLABS 189.75 204.9 188.05 201.15 29.31 NAGARFERT 47.15 49.8 46.2 49.25 24.03 VOLTAS 164 169 160.2 164.55 22.81 MAHLIFE 640 666 626 650.25 21.03 SCI 267.2 286.8 263.3 283.6 18.09 ESSAROIL 260.25 265.3 255 258.7 17.44 TATATEA 915 962 915 951.85 14.99 KTKBANK 207.7 209.35 202.85 206.7 14.64 RENUKA 139 139.35 134.3 136.3 13.65 HCC 132.7 139 131.3 136.05 13.26 SOBHA 577 577 560.35 562.1 13.15 RANBAXY 491.15 509.8 489.25 507.05 11.53 INDIAINFO 917 920 870 877.45 11.43 GESHIP 493 517.9 491.3 513.8 11.21 CHENNPETRO 353.8 372.5 344 347.45 10.92 Top Losers % CHANGE SYMBOL OPEN HIGH LOW CLOSE IN O.I. UNIPHOS 346.4 357 346.4 355.05 -18.97 APTECHT 244.2 251 243.05 247.1 -18.96 SUNTV 352.1 353.95 348.05 352.65 -14.54 YESBANK 173 173.5 169.2 171.4 -13.28 TRIVENI 130.6 130.8 125.15 126.1 -12.59 BANKINDIA 345 361.4 345 359 -11.88 HDFCBANK 1488 1517.6 1488 1500.05 -10.64
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Tuesday, 13 May 2008
Report - for Tuesday 13th
What the Charts Foretell * NIFTY/ SENSEX !
Nifty takes support as expected - Recovery after "Double Bottom" in hourly Charts
(FOR Short Term Investors)
Nifty - Bounce back from Support - Likely to Test Resistance of 5065 and 5100
Be Scrip specific - Many Stocks highly oversold & ripe for Technical Rally
* R P L !
Bearish Targets of 175 achieved - Ripe for further recovery to 190-192 in couple of sessions
* CAIRN INDIA !
Bullish But enters Overbought zones - Minor decline to 290-291 likely before next upmove
* I B SEC. !
Extreme Short Term indicatots in favour of rise to 119- Buy Gradually on declines with SL
* RELIANCE CAPITAL !
Continues to be Highly Oversold in EST - Recovery Targets of 1400+ Maintained
* POLARIS !
Strong resistance @ 115/ Bullish Crossover with Volumes to target 130+ in Few days
* RELIANCE IND. !
Bullish Pattern in making in Hourly Chars - Another Close above 2550 will Target 2620+
* R COMM. !
Minor Resistance at 555 - Bullish Crossover will Target 570+ in couple of Sessions
* BHARTI AIRTEL !
Short Term Bullish Target of 855 achieved - 2 Close above 855 may target 910+ in Near future
* W I P R O !
On Verge of Bullish Breakout - Close above 510 will Target 530+ in couple of sessions
* SITASHREE !
Bullish Target of 52.5-53Maintained - Use Declines for Fresh Buying with SL
* BANK OF BARODA !
Oversold after decline to 329 to 291 / Ripe for Technical recovery to 302 and 309 in coming Days
(From KTP120508)
* B H E L !
Extreme Short Term Indicators in favour of Technical Recovery to 1800/ Part Profit Booking advised on Pullback
(From KTP120508)
* HIND CONST. !
Bearish BUT Oversold - Ripe for Technical Recovery to 135+
(From KTP120508)
* AXIS BANK !
Bearish But Highly Oversold - Use Declines for Fresh Buying with SL for Target of 900+
(From KTP120508)
* RANBAXY LTD. !
Bullish Breakout but resistance at 501 - Bullish Crossover with Volumes to target 520+
* RELIANCE ENERGY !
Oversold in Extreme Short Term Charts - Use declines to Buy gradually for Target of 1400+
* BOMBAY DYEING !
Mildly Bullish in EST - Buy on Pullback for Target of 855+
* HINDALCO !
Bearish BUT Oversold in Extreme Short Term - Charts favour Technical recovery to 185+
(From KTP120508)
* INDIABULLS FIN !
Short Term support at 450 - Buy Gradually on declines for Target of 498-500 in Near Future
(From KTP120508)
* LANCO INFRA !
Short Term Indicatorts favour rise to 490 in Near Term - Buy on declines @ support with SL
* LARSEN & TOUBRO !
Sharp decline from 3250 to 2750 in last few Days - Technical rally to 2950 on Charts
* HPCL/ BPCL !
Both Stock Highly Oversold and ready for Tech recovery to 244/ 373 respectively
Recommendations for 13.05.2008
Opening Price is considered around close of previous day. Avoid BUYING if Prices open abnormally High and Avoid SELLING if prices open too low.
1). L&T. : Buy 400 Shares (200 at opening + 4x50 at Fall of every Rs10/- ) in ' Investment A/C' . Target 2950. Avg SL Rs30/-.
2). Hindalco (Or Fut) : Buy 1500 Shares (700 at opening + 4x200 at Fall of every Rs1/- ) in ' Investment A/C' . Target 188. Avg SL Rs5/-.
3). RPL (Or Fut) : Buy 1500 Shares (700 at opening + 4x200 at Fall of every Rs1/- ) in ' Investment A/C' . Target 191. Avg SL Rs5/-.
----- With due apologies and full credits to Kalpataru
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Report - for Tuesday 13th
Stock / Index Previous Day Close Previous Day % Change Buy / Sell Target One Target Two Stop Loss Horizon NIFTY FUT 5022.00 0.65% Buy 5076.15 5106.10 4974.40 INTRA DAY GMRINFRA 150.60 1.65% Buy 155.40 159.60 146.50 INTRA DAY DLF 621.90 -1.39% Buy 646.10 660.30 606.70 3-4 DAYS PRITHVI 165.00 -1.32% Buy 172.40 178.85 159.90 3-4 DAYS SBIN 1662.70 -1.15% Buy 1702.10 1722.50 1624.80 INTRA DAY
----- With due apologies and full credits to ncr on web dot com
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Stocks in FnO
Following is a list of top gainers and losers in the futures and options market in the NSE on the 12th May 2007 for the May series: Top Gainers % CHANGE SYMBOL OPEN HIGH LOW CLOSE IN O.I. CAIRN 275 305.45 266.1 302.5 41.73 TATATEA 906.8 930.95 885.2 922.25 21.68 RENUKA 126.8 131.85 121 129.75 19.22 SUNPHARMA 1409 1420 1311.5 1354.35 17.11 CHAMBLFERT 64 70.9 61.7 70.2 13.49 POLARIS 103 109.2 99 108.1 11.47 CESC 479 491.9 470.1 489.65 10.33 INDIANB 143.7 143.7 138.25 140.1 9.36 KPIT 82 82 77.4 79.45 7.66 RELIANCE 2530 2574.4 2491.6 2563.65 7.57 BPCL 379 379 353.85 360.4 7.28 Top Losers % CHANGE SYMBOL OPEN HIGH LOW CLOSE IN O.I. RANBAXY 462.1 492.8 461.1 489.75 -20.69 NUCLEUS 260.5 275 260 268.05 -17.65 CORPBANK 330 337.75 327 331.95 -12.66 AXISBANK 829.9 878.2 818.55 872.9 -10.08 MATRIXLABS 173 182.45 165.25 181.2 -9.14 MARUTI 763.9 776.9 763.9 772.5 -7.71 SUNTV 324.9 338.8 316 333.65 -6.36 IRB 201 204.7 193.55 201.35 -6.24 SATYAMCOMP 499.7 499.7 472.5 491.5 -6.06 NICOLASPIR 339.25 344.8 338.2 344.8 -5.48 TRIVENI 121.9 121.9 111.45 119.3 -5.1
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Monday, 12 May 2008
Nifty - for Monday 12th
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Stocks in FnO
Following is a list of top gainers and losers in the futures and options market in the NSE on the 9th May 2007 for the May series: Top Gainers % CHANGE SYMBOL OPEN HIGH LOW CLOSE IN O.I. KOTAKBANK 779 804 730.55 742.2 13.71 RAJESHEXPO 97.1 104.8 92.95 95.05 11.98 AXISBANK 861.9 873.9 830.15 834.2 11.91 RELCAPITAL 1381 1382 1280.05 1294.25 9.62 SKUMARSYNF 112.9 116.2 109 110.5 7.54 TCS 937 954.4 915 921.45 5.8 KPIT 86.1 88 80.15 81.85 5.52 DRREDDY 649 649 628.5 631.5 5.5 GAIL 416 424.4 408 410.9 5.41 INFOSYSTCH 1748 1772 1721 1731.05 5.41 SUNPHARMA 1422 1423 1388.1 1402.1 5.21 Top Losers % CHANGE SYMBOL OPEN HIGH LOW CLOSE IN O.I. RENUKA 132.25 134.55 125.15 127.65 -22.73 NICOLASPIR 346.85 349 338.2 342.75 -21.51 GTL 259.4 261.2 250 251.05 -20.31 GESHIP 469.9 476.05 448 452.4 -20.27 NUCLEUS 289.4 289.4 262.1 262.7 -19.81 COLPAL 446 451.5 437.25 439.95 -14.34 MOSERBAER 192 194.9 175.05 177.85 -12.53 MATRIXLABS 177.75 179.4 172.2 174.25 -12.33 ORCHIDCHEM 243.25 252.9 239.5 240.85 -12.3 CAIRN 278.8 284.4 272.25 274.75 -11.77 BEL 1233 1243 1229.1 1232.65 -11.39 BANKINDIA 323 335.5 321 327.45 -11.05 DCB 97 102.3 90.2 92.95 -10.57 M&M 672.05 680 667 671.2 -10.5 BHARTIARTL 832.6 863 832.6 842.5 -10.44 J&KBANK 660 668 660 663.3 -10.34
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Stocks on Breakout
Stocks on Breakout after trading on 9th May 2008 are as follows : No algorithm or trading system can substitute visual inspection of chatrs. Algorithms, can at best, only make filtering easier. Since there is always a risk of loss in stock markets, any trading decision must be taken only after detailed study of charts. These are generated using custom designed swing trading algorithms. As one can never know with certainity the extent of gains or losses, the concept of trailing stoplosses is used. If a stock is in a downtrend, a buy signal is generated if the stock closes above it's "N" days highest high. The trailing stoploss is the "N" days lowest low and will change everyday till an exit is given. Here "N" refers to 2 or 5 or 20 days. Obviously a 2 day swing will generate more signals than a 20 day swing. For best results, use the 2 day or 5 day swing to buy only if the stock is trading above the 20 day swing low. The methodology is similar moving averages / crossovers. The advantage is reduced whipsaws and more efficient stoplosses. Above signals work best with trending stocks and are useless with rangebound stocks. All technical indicators will fail in rangebound stocks / markets and will generate whipsaws and false signals. Whenever a swing trade results in a loss, it means the stock is rangebound. At this point, one should study the chart and identify areas of support and resistance. Only a break above these levels will create a new trend. This is nothing but a "peak" and "trough" based on 5% change. These levels form the basis for calculation of targets. A break above a "peak" gives a resistance break. Similarly a break below a "trough" generates a support break. Targets are calculated using Fibonacci retracements. UP targets = Support + X *(Resistance-Support) DOWN targets = Resistance - X *(Resistance-Support) Where X equals 0.382 or 0.5 or 0.618 or 1.618 or 2.618 Depending on formation of support and resistance, targets are automatically calculated. Because of the methodology adopted, it is normal for the stock to trade significantly higher than the target. Once the stock corrects, the new "resistance" is defined and targets automatically calculated. Interpretation of this is difficult and shd be done in the context of the prevailing trend. Overbought means great strength. It does NOT mean stock will correct immediately. It is normal for a stock to remain overbought for considerable periods of time. Oversold means great weakness. It does NOT mean stock will rally immediately. It is normal for a stock to remain oversold for considerable periods of time. In an uptrend, oversold stocks present a good buying opportunity near supports (buy on declines). In a downtrend, one shd exit overbought stocks (sell on rallies). This is for daytraders only and can be unreliable due to freak trades.NSE Code Close % Ch 2 day
Swing5 day SWING 20 day
SwingPrevious Mov. Av. RSI ADX Entry Action Sup Res 20d 50 5d 14d BASF 225.30 7.54% Buy SL 207 225 Buy SL 207 Hold SL 184 184 222 210 206 81 67 30 BVCL 39.25 6.22% Hold SL 34 39 Buy SL 34 Buy SL 31 34 38 35 36 80 63 22 PATINTLOG 60.55 5.21% Buy SL 56 61 Buy SL 55 Hold SL 54 55 61 57 59 71 56 14 TEXMACOLTD 1509.85 4.03% Hold SL 1400 1422 Hold SL 1400 Buy SL 1300 1300 1484 1398 1415 80 63 24 Importance of charts
Buy and Sell signals
Rangebound trades, whipsaws and false signals
Support and Resistance levels / targets
Oversold and overbought stocks
Intraday support and resistance levels
----- With due apologies and full credits to vfmdirect.com
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Friday, 9 May 2008
Thursday, 8 May 2008
Stocks in FnO
Following is a list of top gainers and losers in the futures and options market in the NSE on the 7th May 2007 for the May series: Top Gainers % CHANGE SYMBOL OPEN HIGH LOW CLOSE IN O.I. BEL 1310 1328.8 1204 1238.95 58.86 COLPAL 432 459.8 432 454.85 47.96 SHREECEM 997 1008 960 968.5 33.96 BHARTIARTL 849.9 853 804.25 822.7 23.6 BHUSANSTL 805 834 783 788.45 22.48 STAR 208.7 218.4 202.9 204 21.24 AXISBANK 949 949 901.35 907.9 18.65 PRAJIND 198 205.8 195 200.65 16.92 CAIRN 260 284.5 260 280.35 16.51 SBIN 1755 1774 1722 1761.4 14.27 HINDOILEXP 140 156.6 137.25 153.85 12.93 BANKINDIA 353.55 353.55 339 340.55 11.5 BHEL 1854.75 1860 1786 1795.5 10.56 MAHLIFE 579.7 654 577.15 647.15 10.09 Top Losers % CHANGE SYMBOL OPEN HIGH LOW CLOSE IN O.I. NUCLEUS 263.25 269 261.05 265.75 -29.49 JETAIRWAYS 575 575 555.55 564.7 -12.75 DCB 110 110 105.3 106.55 -11.09 TECHM 964 986 941.1 955.35 -10.53 DABUR 110 110.5 106.5 107.05 -9.93 UNIPHOS 325 333.5 324.9 333 -9.83 INDHOTEL 115.4 118.95 114.05 118.3 -9.47 TCS 960 983.9 953 967.8 -9.21 NICOLASPIR 339.6 349.75 336.05 337.85 -8.65 ZEEL 222 226.45 220.1 225.15 -8.22 ORCHIDCHEM 257 257 246 247.75 -7.68
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