SAIL 204

Target 210

Stop Loss 201

DLF 309

Target 318

Stop Loss 305

by http://onlinetradingttips.blogspot.com/

SENSEX VIEW

Sensex was highly volatile for the whole day & in the end closed in marginal green. The immediate support for it seems to be at the level of 17850. Closing below this support may drag it till the lower levels of 17350 to 17400 in near run. Technically the overall trend of the Sensex is looking bullish & after some positive consolidation in the market we might expect fresh up rally.

Nifty view

Nifty witnessed an upside consolidation phase today. Overall it was high volatile session due to F & O expiry. Technically Nifty is still holding it’s up trend & maintaining the upward rising channel on long time frame charts. In the downside it is getting the strong short term support close to the level of 5350. We recommend that traders may go for buy on dips in Nifty Future for the targets of 5450, 5500 in near run.

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Copper prices surged on Wednesday to a new 10 week crest inspite of the weak US consumer durable orders. The prices rose 1.22% on the back of euro trading higher against dollar and decreasing inventory levels. The red metal ended its day at the highest level since May 13, 2010

Copper futures for September delivery closed 1.22 per cent up at $ 3.24 per lb, after trading in the range of $3.18 to $3.26, on the Comex metals division of the New York Mercantile Exchange. Copper for three-months delivery on the London Metal Exchange ended it day by adding $111 at $7,170 per tonne.

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Crude prices continued to decline on Wednesday pressured by the API report of rise in crude supplies to 3.1 million barrels last week and disappointing durable goods orders data. New orders for long-lasting US manufactured goods unexpectedly fell for a second straight month in June, posting their largest decline since August. The overall trade remained cautious ahead of the US Energy Information Administration weekly oil inventory data on Thursday.

Benchmark crude for September delivery fell 41 cents, or 0.53 percent, to $77.09 a barrel, after trading in a range of $76.88 to $77.74 on the New York Mercantile Exchange. In London Brent crude slipped 7 cents to settle at $76.06 a barrel on the ICE.

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Today July Futures & Options series closed,It was a lackluster end to the last day of the July F&O series as the market closed flat with moderate gains. In futures I except that market will go up as comparesion to last month, It opened quiet and traded likewise for most part with no clear cues from global markets which continued to be sideways. Gainers in trade today were banking, realty and FMCG while capital goods.

Thursday, as traders squared off positions on July F&O series settlement. Losses in oil & gas and pharma stocks were offset by gains in banks and auto stocks. BSE Sensex ended at 17,992, up 34.63 points or 0.19 per cent. The index touched a high of 18,013.10 and low of 17,902.84 intraday.

NSE, Nifty closed at 5408.90, up 11.35 points or 0.21 per cent. The broader index hit a high of 5415.85 and low of 5381.55 during the session.

Top Nifty gainers were IDFC, HDFC and ICICI Bank almost all bank was doing well, while losers were from Gas sector Suzlon Energy, RCom and Sun Pharma.

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US gold futures for August delivery rose 4 percent to $1,162.60 per ounce, after settling at a three-month low of $1,158.00 an ounce on the Comex metal division of the New York Mercantile Exchange. Spot gold last traded at $1,163.45 an ounce, up 0.3 percent from late New York levels of $1,159.65 per ounce.

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Source :— http://freecashmarkettips.blogspot.com/

“VIPIND” – BUY AT 408.25 SL 396.80 TGT 424.50-435.90;

“DBREALTY” – BUY AT 414.65 SL 405.35 TGT 424.35-433.65.

Mumbai – Gold futures traded slightly up; while silver futures traded bearish on Multi Commodity Exchange on here on Wednesday. In the overseas market gold traded up. Gold old futures on MCX are taking cues and traded steady. Silver futures traded down on profit taking from higher level.

On MCX, gold August futures traded up Rs 4/10gm and silver September futures down Rs 75/kg.

MCX’s most active gold August contract opened up Rs 21 at Rs 17,775/10gm and moved between Rs 17,705- 17,791/10gm. At 5.33 pm IST, the contract traded up Rs 4 at Rs 17,758/10gm. August contract volumes recorded 18994 lots.

MCX gold mini, the most active August contract opened up Rs 3.00 at Rs 17,780/10gm and currently traded down Rs.12 at Rs 17,774/10gm. It fluctuated between Rs 17,710-17,815/10gm. Total volumes in August contract clocked 21041 lots.

Benchmark silver September contract opened down Rs 6.00 at Rs 28,452/kg and traded down Rs 75 at Rs 28,383/kg at 5.34 pm IST. The contract fluctuated between Rs 28,320- 28,477/kg. Total volumes clocked 17893 lots.

MCX silver mini August futures opened un changed at Rs 28,464/kg and at 5.35 pm mini silver August futures traded down Rs 84 at Rs 28,380/kg. It moved between Rs 28,312- 28,481/kg. Total volumes recorded 22266 lots.

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On the call options front we have seen addition of open interest in August series at strike price of 5500.

On the put options front we have seen addition of open interest in August Series at strike price of 5400 and 5300.

OI Concentration Chart Interpretation: From the OI Chart we can see that in August Series maximum addition of open interest on the calls front is existent at strike price of 5500 indicating it as Resistance on the upside whereas on the put options front we have seen addition of open interest at strike price of 5300 indicating it as strong support on

the downside.

The Nifty closed at 5430.60. Nifty future (July) closed at 5434.60 i.e. at a premium of 4 points vs. 3.95 points and shredded -5801100 shares in open interest.

The Nifty future (Aug.) closed at 5443.80 i.e. at a premium of 13.20 points vs. 11.65 points and added 5823850 shares in open interest.

The Nifty future prices ended in positive territory along with overall addition of open interest and

increase in the cost of carry, this is an indicating of long accumulation at lower levels.

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