RESEARCH: MARKET OUTLOOK: The daily historical volatility numbers (HV) of NIFTY has declined by 0.81 percent. The Implied Volatility (IV) of INDEX both call and put options declined to 33.89% and 33.95% respectively. This indicates traders are becoming more bullish and expect option prices to fall, hence being a call buyer may be a better alternative than being a put seller. Technically NIFTY is in bullish trend and the rally may be expected to test to 4910 levels in short term. For the day, NIFTY may open with an upside gap and it can be expected to trade at higher levels. NIFTY has immediate resistance at 4557 and 4601. If NIFTY breaks 4600 levels,it may rally upto 4693 levels. On the downside, the support for NIFTY is seen at 4463 and 4405 levels. Profit booking at higher levels cannot
9:37 AM 7/24 RESEARCH-Global Market (in %): DOW JONES (+2.12%), S&P 500 (+2.33%), NASDAQ (+2.45%), FTSE (+1.47%), DAX (+2.45%), NIKKEI(+0.83%), HANG SENG (+0.35%) & SGX NIFTY (+25 POINTS)
10:58 AM 7/24 RESEARCH: INTRADAY CALL (CASH): BUY SUZLON ABOVE 100.50 TGT 106 SL 99
12:38 PM 7/24 RESEARCH: EUROPEAN MARKET UPDATE : FTSE(-0.03%), DAX (-0.04%), CAC (-0.06%)
1:03 PM 7/24 RESEARCH: INTRADAY CALL (CASH): BUY CAIRN ABOVE 246 TGT 257 SL 241
1:30 PM 7/24 RESEARCH: INTRADAY CALL (FUTURES): BUY NIFTY ABOVE 4550 TGT 4600 SL 4520
2:06 PM 7/24 RESEARCH: INTRADAY CALL (CASH): TATASTEEL TGT ACHIEVED.
(7/24/2009 3:25:22 PM): RESEARCH: INTRADAY CALL (FUTURES): BOOK PROFITS IN NIFTY FUTURES @ 4575
No comments:
Post a Comment