Market outlook stoplosstrade 11 feb 2013

1. 11-02-2013
Daily Market Insight
Last week, the NSE Nifty moved in a range
of 155 points. It touched a high of 6,069,
before slipping to a low of 5,884. It ended
the week at 5,904, a loss of 95 points.
For the Nifty, the weekly and monthly
charts are clearly in favour of the bears.
According to the weekly charts, the next
major support for the index is 5,825-odd
levels, below which we could see a slide to
5,530-odd levels.
Key momentum oscillators such as the
moving average convergence-divergence,
the relative strength index (RSI) and the
Stochastic Slow have shown negative
divergence on the weekly charts.
Therefore, the bears are likely to have the
upper hand, at least early in the week.
The monthly charts, too, indicate
significant support at 5,825-odd levels,
below which we could see a significant fall
to 5,550-odd levels.
Outlook for the day However, select momentum oscillators
Once again, the benchmark indices closed below such as the Stochastic Slow and the RSI
the medium-term moving average on the last two are in oversold territory. In the last six
trading days. Given select momentum oscillators months, on three occasions, the markets
are in oversold territory, a sharp pull-back in the had bounced back sharply, after falling
near term cannot be ruled out. In case of a pull- below the medium-term moving averages
back, the Nifty would first have to stabilise at on the daily charts.
above 5,925, and then break above 5,960. Only a
breakout above 5,960 could trigger a rally to
6,050-odd levels. INDICES LTP Change % Change
NIFTY 5903.50 -35.30 -0.16%
To sum up, the Nifty seems headed towards its SENSEX 19484.77 -95.55 -0.49%
key support at 5,825-odd levels. However, given
the oversold conditions on the daily charts, a CNX
3502.20 -32.60 -0.92%
sharp pull-back, either from current levels or SMALLCAP
after a drop to 5,825-odd levels, cannot be ruled CNXMIDCAP 8109.45 -62.35 -0.76%
out. On the upside, in case the index sustains
BANKNIFTY 12280.15 -69.15 -0.56%
above 5,960, the Nifty could rally to 6,050.
© Copyright 2012, HBJ Capital Services Pvt. Ltd. info@stoplosstrade.com

2. 11-02-2013
Daily Market Insight
Option Strategy- NIFTY OPTION OPEN INTEREST CHART
8000000
7000000
6000000
5000000
4000000 CALL OI
3000000 PUT OI
2000000
1000000
0
5500 5600 5700 5800 5900 6000 6100 6200 6300 6400
NIFTY OPTION OPEN INTEREST CHANGE CHART
1200000
1000000
800000
600000
CALL OI CHANGE
400000
PUT OI CHANGE
200000
0
-200000 5500 5600 5700 5800 5900 6000 6100 6200 6300 6400
-400000
The option data suggests that the market participants are currently
visualizing the 6100 mark on the higher side. Very high CALL writing at
6100 Strike price will stop market to move beyond 6100 mark. On the other
side we can see equal PUT writings on 6000 to 5900 strike price. This
indicates that NIFTY down move would be restricted below 5900 mark. Last
session’s option data indicated that NIFTY can have a range of 5900 and
6100 in near term.
© Copyright 2012, HBJ Capital Services Pvt. Ltd. info@stoplosstrade.com

3. 11-02-2013
Daily Market Insight
Derivative Info
Increase In Open Interest
%Chg.
Symbol Prev. OI Curr. OI %Chg. OI Curr. Price Price
CANBK 2165 2424 11.96% 448.95 -2.61% ONE CAN GO
BANKBARODA
INDUSINDBK
4318
1765
4784
1926
10.79%
9.12%
773.75
426.45
-0.59%
-1.47%
LONG IN M&M
IRB 8382 9129 8.91% 119.95 -1.19%
M&M 4540 4921 8.39% 887.35 -1.28%
Decrease In Open Interest
%Chg.
Symbol Prev. OI Curr. OI %Chg. OI Curr. Price Price
EXIDEIND 2626 2233 -14.97% 129.85 5.66%
BUY GODREJIND 1114 971 -12.84% 313.2 1.52%
SESAGOA
APOLLOTYRE APOLLOTYRE
3805
2451
3440
2247
-9.59%
-8.32%
169.85
86.55
-2.72%
0.87%
HAVELLS 705 655 -7.09% 671.35 0.35%
Increase In Open Interest & Decrease In Price
%Chg.
Symbol Prev. OI Curr. OI %Chg. OI Curr. Price Price
SELL P CANBK
CANBK 2165 2424 11.96% 448.95 -2.61%
BANKBARODA 4318 4784 10.79% 773.75 -0.59% AND
INDUSINDBK 1765 1926 9.12% 426.45 -1.47% BANKBARODA
IRB 8382 9129 8.91% 119.95 -1.19%
ASHOKLEY 1716 1860 8.39% 23.8 -4.61%
Decrease In Open Interest & Increase In Price
%Chg.
Symbol Prev. OI Curr. OI %Chg. OI Curr. Price Price
GODREJIND 1241 1114 -10.23% 308.5 1.88%
BUY TATACHEM 1466 1319 -10.03% 364.25 3.54%
ADANIPORTS HAVELLS 775 705 -9.03% 669 2.29%
ADANIPORTS 2042 1862 -8.81% 156.6 0.55%
IDFC 8272 7575 -8.43% 162.8 1.56%
© Copyright 2012, HBJ Capital Services Pvt. Ltd. info@stoplosstrade.com

4. 11-02-2013
Daily Market Insight
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5. 11-02-2013
Daily Market Insight
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