MARKET EYES ON BUDGET 2014 FOR STRONG DIRECTION

More few day are left for upcoming budget 2014 . That will be a historic day for the Indian markets when, the benchmark indices hit fresh all-time high and shut shop at record-closing high on the back of strong inflows from foreign institutional investors on hopes of a reformist Union Budget early in this month.The Indian markets have picked up momentum in the run-up to the Budget 2014, which will provide the much-needed direction to the markets.Most of the expectations are running a little ahead of what the government can actually do midyear, because one has to remember that they have taken up the government by the half of this financial year. Market once again hit all time high till the budget 2014.sensex may touch 26000 & Nifty could approach 8000 levels around Budget time. What we all should expect from the budget is that it should give a little bit of a signal in terms of what the broader direction of policy is likely to be for the rest of the period that the government will be in power.

NIFTY FUTURE PREDICTION FOR TOMORROW 1-JULY-2014

The market kick started the week with a strong rally. The Nifty managed to reclaim 7600, up 102 to end at 7611 while the Sensex was up 313 points at 25413. The Sensex rallied as much as 305 points in trade today, despite muted trend seen in other Asian markets .Tracking the momentum, the Nifty index was trading near its crucial psychological level of 7600, supported by gains in banks, capital goods, and power and realty stocks. Today Nifty future started at 7556 made a high of 7649 and low of 7555 and closed at 7623, total 93 points was moved by nifty future. For tomorrow nifty future will move in a range of 7650-7680 nifty will try to touch the level of 7695 and at the other side 7594 will be proved as very good supporting level for nifty future. Stock market will most likely see bullish trends this week in the run up to Union Budget as investors pin hopes on strong reform measures to rev up the economy. The pre-Budget rally begins from this week.

BASICS OF INTRADAY TRADING

when someone buys & sells a financial instrument or vice versa on a same day it is termed as intraday trading. Many people around the world do intraday trading to earn quick money. This is not a real investment rather it is just moving your money in stocks or futures to gain profit out of market fluctuations. An experienced day trader can predict the price movement of the instrument by either reading technical charts or by acting on news about. But not every day trader is an experienced technical chart reader or knows exact inside news beforetime. Thus they should take help of advisers to be their guide for profitable trades.

Some Tips for Intraday Trading:-

Intraday traders must use following strategies and intraday tips to minimize losses & maximize profits.

v  Decide your trading amount for every trade, it should always remain constant. Never change your trading amount for every trade. Go by the amount of trading and not by the quantity. Quantity should be decided by amount of investment.

v  Never invest more than 3-4% of your total portfolio amount in a single trade.

v  Always use stop-loss while doing intraday trading.

v  Take a loss wherever necessary. This helps you protect your money for further losses remember we said use stop loss.

NIFTY FUTURE PREDICTION FOR MONDAY 30 JUNE-2014

This whole week market index were marginally lower. in the week ended Friday the Sensex edged lower in three out of five trading sessions in the week just gone by. On Friday morning the Asian markets are down a tad lower while the July Nifty future is up only marginally albeit on low volume. Nifty future started at 7550 made a high of 7569 and low of 7512 and closed at 7545, total 57 points was moved by nifty future. Nifty future needs to reclaim the level of 7550 and stay above that to show some sign of a return of strength. So long it remains below that level, fresh buying is unlikely to emerge in any big way. On the

NIFTY TECHNICAL CHECK UP

After being long since 5500 levels and riding the full momentum, We thought of revisiting the Nifty Technical Set-up and come up with an outlook and possible scenarios on the eve of Modi Government’s Maiden budget to benefit the subscribers, Advisors, Dealers, Investing community and other market participants in large

While there is no doubt, that we are in a “Bull Market” and should stay invested in equities, the only question that remains unanswered is the entry point and timing. Entry point and timing is especially crucial for investors/ portfolio managers who were caught unaware by this tremendous rally and who remained on the sidelines by choice or by compulsion.

Few Technical observations

~ Nifty has rallied exactly 50% from August low of 5119 to recent high of 7700 in flat 9 months.

~ An index giving 50% return in just 9 months after 6-7 years of consolidation tells us something. It is shouting from the top of the roof that the “Bull Market” has started and is here to stay for a longer period of time

~ Nifty has however become highly overbought and has rallied ahead of its time by showing such a tremendous performance

Possible Scenarios’s

~ In such a scenario where Nifty has become overbought and has rallied ahead of it’s time, 2 things can possibly happen.

a)      Price Wise Correction

b)      Time wise Correction

~The Basic tenets of “technical Analysis” will help us to answer the question of the magnitude of Price Wise Correction and/or time Correction. The Basic tenets of Technical Analysis are

a)      The market Discounts everything

b)      Price moves in Trends

c)       History repeats itself

~ We believe markets have very well factored in the “Formation of Modi Government” and therefore are not able to sustain above May 16 highs and hence investing just on the basis of new government in centre would be a repetitive loop which could backfire. In other words we need fresh trigger points for the Nifty to move up going forward...

KEYS TO TRADE IN NIFTY FOR FRIDAY 27-JUNE-2014

• The rupee on Thursday fell back two paise to end at 60.14 against the dollar on weak local equities and demand for the US currency from importers, snapping two straight days of marginal gains.
• Dow Jones 21 points down @ 16,846
• Nikkei 95 points down @ 15,213
• HENG SENG 66  points down @ 23,131
• Results today  : Bharati Shipyard Ltd.,Daulat Securities Ltd.

NIFTY FUTURE OUTLOOK FOR TOMORROW 27 JUNE,2014

Market was very volatile today, 26 June 2014, as traders rolled over positions in the futures & options segment from the near month June 2014 series to July 2014 series. The June 2014 contracts expired today, 26 June 2014.nifty future opened at 7568 made a high of 7570 and low of 7487 and close at 7492 .total 83 points was moved by nifty future. Oil and gas stocks led decline on the bourses after the government's decision to defer revision in gas prices by three months, at closing time nifty hit there week closing low. The index will have some good movment  for tomorrow due to beginning of July series. The bullishness is still intact since it has not fallen much either. The levels mentioned yesterday, can again be useful barring minor changes. Start of nifty future will be with the level of 7610 would be the key resistance level of the way up and so long as the Nifty does not fall below 7560 through 7545 support area, any dip would be taken as a buying opportunity.

NIFTY FUTURE PREDICTION FOR THURSDAY 26-JUNE-2014

IFCI CALL GIVEN YESTERDAY ALMOST ACHIEVED TARGET
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On Wednesday lackluster movement was there in the market. Today Nifty started at 7587 made a high of 7597 and low of 7567 and closed at 7576, total 30 points was moved by nifty future. Now for tomorrow some movement will be expected due to traders roll over position near to  expiry of June series which will expired on 26 June,14. For tomorrow expected levels for nifty will be 7570-7620 nifty will try to cross the level of 7600. If any down fall will be there, then 7520 will be proved as very good supporting level for nifty future.