Nifty Chart

Position : Nil

Nifty Trade Support 5900-5896 Resistance 5949-5954
Nifty Trend Support 5895-5888 Resistance 5977-5990

Technical Details : 38.2% of the swing 5477-6229 @ 5942, Exactly stopped
yesterday with the high of 5948.  Nifty sustain above this level then 78.6% of
the same swing @ 6050.  Wait and watch to short around here. 

Market Move on news :  Infosys result around 10.AM IST, will issue
 the swing today.  Profit booking in longs and fresh short will be possible today.

Money Flow is good , MACD is +ve and RSI is above 50.  so possible to retest
the 23.6% [6050+]

Jindal Poly

Notice No	20130711-8	Notice Date	11 Jul 2013
Category	Index	Segment	Equity
Subject	Replacements in S&P BSE Indices
Content
Trading members of the Exchange are hereby informed that following replacements shall be made in the below mentioned indices: ·         Vide Notice No. 20130708-22 dated July 08, 2013 Jindal Poly Films Ltd. (Stock code-500227) shall go into Ex-Entitlement status w.e.f July 17, 2013 on account of Scheme of Arrangement. The stock is currently a part of S&P BSE 500 and S&P BSE SMALLCAP indices which necessitates it exclusion. As per the BSE Index Policy following changes shall be carried out: INDEX NAME EXCLUSIONS INCLUSIONS EFFECTIVE DATE BSE STOCK CODE NAME BSE STOCK CODE NAME FREE FLOAT FACTOR S&P BSE 500 500227 Jindal Poly Films Ltd 535648 Just Dial Ltd. 0.30 17- July-2013 S&P BSE SMALLCAP 500227 Jindal Poly Films Ltd — — — 17- July-2013 Change in constituents is made on the basis of guidelines governing inclusion and exclusion of companies from S&P BSE Indices. Detailed stock selection criteria for above mentioned indices are available at www.bseindia.com

Nifty Chart

Position : Nil

Nifty exactly holding the trend support 5800 yesterday, bounce back from 78.6%
of the swing 6229-5477.  So it will retest 38.2%,  What i posted the expected
move on 9th July.

Once close above 5950 then short covering up to 6050+, another 100 points
Hourly indicators are in over bought zone,  expected move in intraday may be sideways
after huge gap up, minimum target up to 38.2%.

Nifty Chart

Position : Nil

Nifty Trade Support  5834-5830 Resistance 5897-5904
Nifty Trend Support 5816-5810 Resistance 5917-5930

Expected sideways with +ve bias in the morning and negative side in the after noon.

Commodity STBT call

Commodity Blog updated

Nifty Chart

Position : Nil [trailing sl hit 5800]

Nifty Trade Support 5781-5776 Resistance 5828-5833

Nifty Trend Support 5760-5756 Resistance 5859-5868

Closing basis Support 5750 [for 5680-5660]

Closing basis  Resistance 5850 [for 5933-5950]

Small +ve breakout 117 points with neck line of 5820 implies 

the target  5937.  Negative breakout trend line and upper top

trend line coincide with the target.

Profit booking must be best around 5920-5950.  

Wait and Watch for short from there

Nifty Chart

Position : Long

Nifty Trade Support 5843-5836 Resistance 5900-5907
Nifty Trend Support 5810-5793 Resistance 5928-5933

Booked 250 at 5890[long from 5842]
Keep sl 5850 sl for 250
Keep sl 5800 sl for 500

Negative : H&S formation for 200 points, Closed below upper bottom
support trend line.