Daily Strategist - Oct 16 2007

Daily Strategist - Oct 16 2007

Daily Strategist - Sep 27 2007

Daily Strategist - Sep 27 2007

Daily Strategist - Sep 26 2007

Daily Strategist - Sep 26 2007

Daily Strategist - Sep 25 2007

Daily Strategist - Sep 25 2007

Daily Strategist - Sep 19 2007

Daily Strategist - Sep 19 2007

Strategist - Aug 29 2007

Strategist - Aug 29 2007

Strategist - Aug 23 2007

Strategist - Aug 23 2007

Daily Strategist - August 10 2007

Daily Strategist - August 10 2007

Strategist - August 7 2007

Strategist - August 7 2007

Strategist - July 17 2007

Strategist - July 17 2007

Futures & Options Strategy

Nifty futures gains OI to the tune of 2.67% with index closing positive. Market was range bound during today's session and given a strong close near to the day's high. Market was moving in a range of 30 points during whole day. Today's closing has given a sign of strength in the market. At the end, Nifty closes positive and given a close above 4400 levels, which was very important levels for the market. Nifty futures close with a discount of 14 points, which indicates profit booking in the market. The FIIs bought index futures to the tune of Rs. 845 Crs and sold stock futures to the tune of Rs. 95 Crs. The PCR has come down from 1.51 to 1.54 levels, which indicate strength continuing in the market. The volatility has come down to 22.30 levels indicating volatility expected by market participants.

Among the Big guns ONGC loses OI to the tune of 0.26% with prices going up during the day, indicating short covering in the counter and strong buying at lower levels, at last counter has given strong support to the market to get sustain on higher levels. RELIANCE loses marginal OI to the tune of 0.10% with prices closing positive indicating strength in the counters however, counter also witnessed profit booking in the counter and counter witnessed liquidation by bulls in the counter on higher levels during today's session.

On the TECH front, INFOSYSTCH & SATYAMCOMP gains OI with rise in prices indicating strength in the counter. The counters have given a positive close. However, IT packs have also witnessed profit booking on higher levels. TCS and SATYAMCOMP loses OI with rise in price indicating short covering in the counter on higher levels. Counters are showing strength and which is a good sign for the market but one should take care of the results of the INFOSYS, which is coming on 11th. This can be a trigger for the market and can decide the movement of the entire IT sector.



On the Metal front, TATASTEEL, SAIL, HINDALCO & NATIONALUM gains OI with rise in price indicating strength in the counters. At the end of the all the counters closed positive. Counters have shown buying on current levels indicating further strength in the counters. However, counters have also witnessed profit booking during today's session

In the BANKING arena, SBIN, HDFCBANK & BANKBARODA gains OI with increase in prices, indicating strength in the counters. Counters have fresh long positions during today's session. ICICIBANK gains OI with decline in price indicating weakness in the counter.

During today's session Nifty futures has seen strong buying on lower levels near 4400 levels and given a strong close above the important level of 4400. Overall nifty has strong support around levels. If nifty given a close below 4350 than we can see fresh short position in the market. One should take hedged positions in the market to minimize the risk.

Daily Strategist Note

The NIFTY futures saw a drop of 1.57% in OI with prices after falling sharply recovered indicating lot of fresh positions added near the support of 4300 levels on the long side indicating that further strength may be seen in the market as lot of short covering may be expected in the market . The Nifty July series futures discount disappeared indicating that lot of short covering happened in the market. The FII were sellers in index futures to the tune of 349 crs and buyers in index options to the tune of 203 crs indicating hedged positions built up by them. The PCR has changed from 1.47 to 1.51 levels indicates some strength may be seen in the market at current levels. IV in the market was 22.10 and HV was 17.89.

Among the Big guns, ONGC saw 3.66 % drop in OI with prices coming up indicating short covering seen in the counter suggesting some strength may be seen in the counter. Whereas RELIANCE saw drop in OI to the tune of 2.13% with prices recovering from lows indicating liquidation of positions in the counter suggesting that some consolidation may be seen in the counter.

In the TECH counters INFOSYSTCH saw rise of 2.81% OI with prices negative indicating that the counter may see further selling pressure emerging thus suggesting some weakness may be seen. TCS, SATYAMCOMP & WIPRO saw rise in OI with prices down indicating that these counters my see further weakness.

In the AUTO counters, M&M saw drop of 0.94% in OI with prices moving up suggesting shorts covering and fresh long positions built up in the counter at current levels suggesting strength may be seen in the stock . TATAMOTORS saw drop in OI with prices up indicating shorts covering their positions and fresh long positions built up in the counter suggesting strength may be seen in the stock.

In the Metal pack, TATASTEEL saw rise of 0.44% in OI with prices coming up indicating long positions built up in the counter suggesting some strength may be seen in the counter. SAIL saw drop of 2.08% in OI with prices coming up indicating shorts covering their positions and fresh long positions built up suggesting strength. HIINDALCO saw drop in OI with prices coming down indicating liquidation of long positions positions in the stock suggesting some profit booking may be seen in the stock. STER saw drop in OI with prices coming down indicating liquidation of long positions in the counter suggesting some profit booking may be seen.

We feel that the volume and built up in OI suggests that market may show some strength in the coming days as market took support of 4300 levels. One should trade with strict stop losses to be adhered too.

STOCKS TO WATCH : JPHYDRO,ICICIBANK & TATASTEEL.

Anand Rathi - Daily Strategist

The NIFTY futures saw a rise of 3.20 % in OI with prices moving up indicating fresh long positions built up in the market thus forcing bears to cover their positions thus indicating further strength in the market .The nifty June series futures discount came up from 6 to 14 points indicating short positions built up at higher levels Market if it sustains above 4210 levels then we may see further short covering their positions and fresh built up of long positions. The FII were sellers in index futures marginally to the tune of 31 crs and buyers in index options to the tune of 156 crs. The PCR has changed from 1.37 to 1.42 levels indicates some buying support may be seen in the market. IV in the market was 25.35 and HV was 22.37.

Among the Big guns, ONGC saw rise in OI with prices coming down indicating shorts positions built up in the counter suggesting some weakness may be seen in the counter. Whereas RELIANCE saw rise in OI with prices flat indicating some profit booking seen in the counter suggesting one may take long positions in he counter on any dip.

In the TECH counters INFOSYSTCH & WIPRO saw gain in OI with prices remaining flat indicating that both bulls and bears were aggressive in the counter suggesting some buying may be expected in the counter at lower levels .SATYAMCOMP & TCS saw rise in OI with prices facing resistance indicating short positions built up in the counter suggesting further weakness may be seen in the counter.

In the BANKING counters, SBIN saw rise in OI with prices moving up indicating fresh long positions built up in these counters and shorts covered their positions indicating further strength may be seen in this counters in coming days. ICICIBANK & HDFCBANK saw gain in OI with prices in a range suggesting that both bulls and bears made aggressive position in the counter indicating uncertainty may prevail in these counters.

In the Metal pack, TATASTEEL saw rise in OI with prices almost flat indicating that both bulls and bears were aggressive in the counter indicating counter is seeing buying support at current levels suggesting further strength may be seen in the counter. SAIL saw rise in OI with prices facing resistance at current levels suggesting some uncertainty may prevail I the counter. HINDALCO saw rise in OI with prices crossing the resistance suggesting further strength may be seen in the counter. NALCO saw marginal rise in OI with prices coming up indicating buying emerging at lower levels. STER saw rise in OI with price facing resistance at current levels suggesting some weakness may be seen in this counter.

We feel that the volume and built up in OI suggests that market may show strength if it sustains above 4210 levels where we may see fresh long positions built up in the market thus one should not take aggressive short positions in the market . One should trade with strict stop losses to be adhered too.

STOCKS TO WATCH:

HINDALCO, KOTAKBANK, CUMMINSIND, CENTURYTEX, REL.

Daily Strategist

The NIFTY futures saw a rise of 2.85 % in OI with prices moving up indicating fresh long positions built up in the market thus forcing bears to cover their positions thus indicating further strength in the market .The nifty June series futures discount came up from nil to 6 points indicating some profit booking happening at the end of the day. Market if it sustains above 4210 levels then we may see further short covering their positions and fresh built up of long positions. The FII were buyers in index futures to the tune of 651 crs and buyers in index options to the tune of 355 crs. The PCR has changed from 1.35 to 1.37 levels indicates some buying support may be seen in the market. IV in the market was 23.85 and HV was 23.02.

Among the Big guns, ONGC saw marginal drop in OI with prices coming up indicating shorts covered their positions and some fresh buying emerging in the counter suggesting further strength may be seen in this counter. Whereas RELIANCE saw drop in OI with prices flat indicating some profit booking seen in the counter suggesting one may take long positions in he counter on any dip.

In the TECH counters TCS saw gain in OI with prices moving down indicating short positions built up in these counters and longs liquidating their positions suggesting some weakness may be seen in these counters in coming days. SATYAMCOMP, INFOSYSTCH and WIPRO saw drop in OI with prices remaining in a dull range suggesting that prices facing resistance at current levels indicating some weakness may be seen in these counters in coming days.

In the BANKING counters, SBIN saw rise in OI with prices moving up indicating fresh long positions built up in these counters and shorts covered their positions indicating further strength may be seen in this counters in coming days. HDFCBANK saw drop in OI with prices in a range suggesting liquidation of positions in this counter. ICICIBANK saw gain in OI with prices in a range suggesting that both bulls and bears made aggressive position in the counter indicating uncertainty may prevail in the counter.

In the Metal pack, TATASTEEL & SAIL saw rise in OI with prices facing resistance at current levels suggesting short positions built up at higher levels which may put some pressure on these stocks suggesting some weakness may be seen in these counters. HINDALCO saw drop in OI with prices remaining in a range thus one should have neutral view on the counter. NALCO saw drop in OI with prices coming down indicating liquidation of long positions in the counter. STER saw drop in OI with price crossing the resistance and closing at higher levels indicating further short covering may be seen in this counter suggesting further strength may be seen in this counter.
We feel that the volume and built up in OI suggests that market may show strength if it sustains above 4210 levels where we may see fresh long positions built up in the market thus one should not take aggressive short positions in the market . One should trade with strict stop losses to be adhered too.

Daily Strategist Note

The NIFTY futures saw a rise of 3.40 % in OI with prices opening high and closing low indicating selling pressure emerging at higher levels and fresh short positions built up in the market thus suggesting weakness may be seen in the market which may force longs to liquidate their positions if market not sustains above 4180 levels. The nifty June series futures discount came down from 42 points to 12 point indicating shorts covering their positions at lower end. Market if it sustains below 4120 levels then we may see further short positions built up in the market and longs liquidation. The FII were buyers in index futures to the tune of 646 crs and buyers in index options to the tune of 44 crs. The PCR has changed from 1.25 to 1.24 levels indicates some buying support may be seen in the market at lower levels .IV in the market was 27.95 and HV was 22.16.

Among the Big guns, ONGC saw rise in OI with prices coming up although market showing weakness indicating that the counter may show strength in the coming days. Whereas RELIANCE saw drop in OI with prices remaining in a range suggesting that both bulls and bears were liquidating their position in the counter suggesting that one should have neutral view on the counter.

In the TECH counters INFOSYSTCH & SATAYMCOMP saw drop in OI with prices moving down indicating long positions liquidating and fresh short positions built up in the counter suggesting some weakness may be seen in the counter. TCS and WIPRO saw built up in counters with prices coming down indicating built up of fresh short positions in these counters suggesting further weakness may be seen.

In the BANKING counters, SBIN & HDFCBANK saw rise in OI with prices facing resistance at higher levels thus suggesting if follow up continues we may see fresh short positions in these counters and further weakness may prevail. ICICIBANK saw gain in OI with prices remaining in a dull range thus one should have neutral view on this counter.

In the Metal pack, TATASTEEL saw marginal drop in OI with prices coming down sharply indicating long positions liquidating their positions and fresh short positions being built up in this counter suggesting weakness may be seen in this counter. SAIL saw drop in OI with prices down indicating longs liquidating their positions. HINDALCO saw drop in OI with prices remaining in a range thus one should have neutral view on the counter. NALCO saw gain in OI with stock saw buying emerging at lower levels thus suggesting further strength may be seen in this counters. STER saw built up with price facing resistance at higher levels suggesting weakness may be seen in this counter.

We feel that the volume and built up in OI suggests that market may show weakness only if it remains below 4100 levels where we may see fresh short positions built up in the market thus one should hedge the positions to avoid any unexpected direction in the market. One should trade with strict stop losses to be adhered too.

Anand Rathi - Daily Strategist - June 14 2007

Anand Rathi - Daily Strategist - June 14 2007

Daily Strategist

Daily Strategist

Daily Strategist Note

The NIFTY futures saw a gain of 5.60 % in OI with prices coming down and closing low indicating aggressive short positions built up in the market thus suggesting if the follow up continues then we may see fresh built up in positions with bears more aggressive and forcing weak bulls to liquidate their positions .The nifty June series futures closed at 15 points discount to spot nifty suggesting aggressive short positions built up in the market. Market if it sustains below 4150 levels then we may see further short positions built up in the market and longs liquidating their positions. The FII were sellers in index futures to the tune of 1613 crs and buyers in index options to the tune of 396 crs. The PCR has come up down 1.41 to 1.37 indicates weakness may be seen in the market.

IV in the market was 26.95 and HV was 24.18.

Among the Big guns, ONGC saw 8.89% rise in OI with prices coming down indicating short positions built up in the counter suggesting the counter may show weakness in the coming days. Whereas RELIANCE saw 9.68% gain in OI with prices closing down indicating selling pressure emerging in the counter suggesting further weakness in the counter.

In the TECH counters INFOSYSTCH, TCS, WIPRO & SATYAMCOMP saw gain in OI with prices going up indicating long positions built up in the counter suggesting further strength may be seen in these counters and these counters can give strong support to market.

In the BANKING counters, SBIN, HDFCBANK & BANKBARODA saw gain in OI with decline in prices indicating liquidation of long positions and fresh built up of short positions indicating further weakness may be seen in the counter. ICICIBANK saw loss in OI with prices coming down indicating liquidation of long positions built up suggesting further weakness in these counters.

In the Metal pack, SAIL saw rise in OI with prices falling sharply indicating short positions built up in these counters suggesting further weakness may be seen in these counters. HINDALCO & NATIONALUM saw gain in OI with prices going up indicating long positions built up in this counter suggesting further strength may be seen in this counter. TATASTEEL saw decline in OI with prices coming down indicating liquidation of long positions by bulls as there is selling pressure on higher levels.

We feel that the volume and built up in OI suggests that market may show some weakness if it remains below 4180 levels where we may see fresh short positions built up in the market thus one should hedge the positions to avoid any unexpected direction the market. One should trade with strict stop losses to be adhered too.

Daily Strategist Note

The NIFTY futures saw a gain of 5.11 % in OI with prices coming down and closing low indicating aggressive short positions built up in the market thus suggesting if the follow up continues then we may see fresh built up in positions with bears more aggressive and forcing weak bulls to liquidate their positions. The nifty June series futures closed at 27 points discount to spot nifty suggesting aggressive short positions built up in the market. Market if it sustains below 4220 levels then we may see further short positions built up in the market and longs liquidating their positions. The FII were sellers in index futures to the tune of 1522 crs and sellers in index options to the tune of 104 crs. The PCR has come up down 1.52 to 1.41 indicates some weakness may be seen in the market.

IV in the market was 27.79 and HV was 24.86.

Among the Big guns, ONGC saw 7.92% rise in OI with prices coming down indicating short positions built up in the counter suggesting the counter may show weakness in the coming days. Whereas RELIANCE saw 4.37% gain in OI with prices closing down indicating selling pressure emerging in the counter suggesting further weakness in the counter.

In the TECH counters INFOSYSTCH saw drop in OI with prices coming down and closing near day/'s low indicating liquidation of long positions as market reacted sharply. If the market recovers we may see buying happening in the counter and shorts covering their positions. TCS, WIPRO & SATYAMCOMP saw gain in OI with prices coming down indicating short positions built up in the counter suggesting further weakness may be seen in these counters.

In the BANKING counters, SBIN & HDFCBANK saw drop in OI with prices fell sharply indicating liquidation of long positions and fresh built up of short positions indicating further weakness may be seen in the counter. ICICIBANK saw RISE in OI with prices coming down indicating liquidation of short positions built up suggesting further weakness in these counters.

In the Metal pack, TATASTEEL & SAIL saw rise in OI with prices falling sharply indicating short positions built up in these counters suggesting further weakness may be seen in these counters..HINDALCO saw gain in OI with prices going up indicating long positions built up in this counter suggesting further strength may be seen in this counter. HINDALOCO & STER saw gain in OI with prices coming down indicating short positions built up in these counters suggesting further weakness in these counters.

We feel that the volume and built up in OI suggests that market may show some weakness if it remains below 4180 levels where we may see fresh short positions built up in the market thus one should hedge the positions to avoid any unexpected direction the market. One should trade with strict stop losses to be adhered too.

Anand Rathi - Daily Strategist

The NIFTY futures saw a gain of 6.23 % in OI with prices coming down sharply and closing low indicating short positions built up in the market thus suggesting if the follow up continues then we may see fresh built up in positions with shorts more aggressive and forcing weak bulls to liquidate their positions. The nifty June series futures closed at 31 points discount to spot nifty suggesting lack of confidence among players resulting in liquidation of positions by weak hands. Market if it sustains below 4240 levels then we may see further short positions built up in the market and longs liquidation. The FII were sellers in index futures to the tune of 164 crs and buyers in index options to the tune of 274 crs. The PCR has come up from 1.62 to 1.60 indicates some strength may be seen in the market.

IV in the market was 26.35 and HV was 22.78.

Among the Big guns, ONGC saw 7.19 % rise in OI with prices coming down indicating built up of short positions in the counter suggesting the counter may show weakness. Whereas RELIANCE saw gain in OI with prices closing down indicating selling pressure emerging in the counter at higher levels thus suggesting the counter may show further weakness in the coming days if market doesn't take support at current levels.

In the TECH counters all the major counters INFOSYSTCH, WIPRO, TCS & SATYAMCOMP saw gain in OI with prices down significantly indicating fresh short positions built up in overall IT pack suggesting further weakness may be seen in these counters.

In the BANKING counters, SBIN saw rise in OI with prices up indicating fresh money coming in the counter with buying spree suggesting further strength in the counter. ICICIBANK & HDFCABKN saw rise in OI with prices remaining in a range suggesting some profit booking may be seen in the counter.

In the Metal pack, TATASTEEL & SAIL saw rise in OI with prices facing resistance at higher levels indicating fresh short positions built up in the counter thus suggesting some weakness may be seen in the counter HINDALCO saw significant gain in OI with prices going up indicating built up of fresh long positions in the counter suggesting further strength in the counter. STER saw gain in OI with prices closing at day's low suggesting fresh short positions built up in the counter suggesting weakness in the counter. NALCO saw gain in OI with prices closing near day's low indicating short positions built up in the counter suggesting weakness in the counter.

We feel that the volume and built up in OI suggests that market may show some weakness if it remains below 4240 levels suggesting one should avoid taking aggressive positions in the market and should hedge the positions appropriately to avoid any unexpected movement in the market. One should trade with strict stop losses to be adhered too.

Stocks to watch: NEYVELILIG, SBIN, HCC, GESCOCORP (Looking positive)