Global Markets..

Europe looks will give Flat to -ve opening today. However as far as FTSE holds 5682, no worries for Europe too...

Global Markets..

Hang Seng Re-opened and came over resistance zone 21000.. And very well sustaining it.. A close above 21k is good on charts.. Now if US gives Green closing, then on Monday Hang Seng / Asia will trade in Green, hence Pulling our Market UP -- Possibly Nifty above 5300...

Nifty Options..

Call Given to Retail Club at opening.

Picked March Nifty 5200CE @ 40.. Now at @ 62.

More than 55% profit in just One Hour.

Dow Jones..

Dow Jones reacted exactly the way we predicted :)

Dow Jones..

Though Dow's Pending Target is 11130..

However as if now Max upside looks -- 10780..

As Dow is Overbought on weekly & Daily Charts..

Expect a Small Correction, which may take it down 1st to 10690..

If 10690 goes, then 10550 / 10530..

After this small correction, it might head towards its 'Pending Target'..

Rest -- Its Money Driven market... :)

Nifty Short

Nifty Short positions may be initiated if Nifty slips below 5205 & closes below it.

Dow Jones daily & weekly charts are suggesting profit booking, so we may see 1-2 Red Closings there too.

However the Overall Trend is Bullish.

Nifty Options

Will re-enter if Nifty comes back & managers to sustain 5240...

Nifty Options

Advised Retail Club to pick Nifty April 5200CE @ around 147

Targets -> Nifty Spot 5270 / 5305

SL -> Nifty Spot 5230

Update

Exit Nifty Shorts & Nifty April 5200PE...

52ooPE cmp 103

Nifty cmp 5246

We may re-initiate Shorts, but as if now Exit...

Nifty Options

Pick 25% capacity

Nifty April 5200PE @ around 99 / 100

Nifty Short

Short Nifty CMP 5236
Targets > 5205 / 5180 / 5150
SL > 5265

Performance...

Nifty Long trade given to Retail Club clients did well & achieved both targets.

Booked half @ 5175 & rest half @ 5205.

Hence made profit of 60 points in Intraday Trade.

Nifty Long

Go Long on Nifty CMP 5130

Targets -> 5170 / 5200
SL -> 5120

ICICI Bank..

Below 905 --> 875 --> 825 --> 796

Nifty Options

We picked up 30% capacity Nifty 5100PE @ 64 the moment market opened.

Will add more on lower rate, else will ride on same quantity....

Nifty Views...

A Bunch of Supports on Downside -- 5065 / 5025 / 5005 / 4965...

Since Budget Day, Nifty came up Roaring -- breaking all resistances, which are now Support Levels...

FIIs are in 'Buying' Mode -- Since Budget Day..

5000PE has been written very aggresively -- Since Budget Day...

If we consider only these factors -- Logic Says, why Nifty should come down now..

Accepted -- that on Daily charts Nifty is in 'Overbought' Zone..

However , Correction is NOT always Price wise -- There's also a 'Time Correction'... May be that's happening..

In my View, those who are Long in Nifty, should stay Long Keeping 4950 as SL..

And those who missed it, can start entering on every Intra Dip if gets near by 5050 or lower..

Cheers...!!!

Performance...

1st Target Done in Nifty 5100PE bought in d morning @ 82..

2o Points Profit in Options...

Nifty Options

5100PE to be picked up @ around 82

Keeping SL of Nifty spot sustaining 5125-5130 zone.

Targets Nifty Spot 5080 / 5050 / 5030

i.e. 100 / 118 / 125

Update...

Nifty Intra Shorts...

Booked 30% @ 5050 1st Target done..

Changed SL to 5090..

Book another 20% here @ 5080...

Carry rest 50% for tomorrow keeping same SL 5090

1st Target Done....

BINGO.....

1st TARGET DONE of our Nifty Short Call given today morning.....!!!!

We booked 30% here, keeping rest for more...

RIL

RIL made high of 1040 (10 less then target of 1050 given yesterday)...

Made exit as Nifty in overbought zone, so 1-2 Red closings very much possible...

Will re-enter in RIL & NIFTY as per the opportunity...

Intraday Nifty Short..

We will initiate Nifty Short for Intraday, only if Nifty slips below 5080 n sustains below for a while...

Short below 5080 with SL 5105 Targets 5050 / 5030 / 5010

Book Rest Longs...

We will book profits in rest Nifty Longs Positions today...

Book Profits

We booked half quantity in Nifty @ 5060 and keeping rest half for higher levels with SL 5000..

Hence made PROFIT of 230 points..

RIL

Above 1000 good to go for 1050

LONG Trades....

All Targets MET >> ICICI Bank / Bank Nifty / Nifty...

We are still LONG in Nifty as per the strategy.