You must read previous articles and watch the given chart
carefully to understand this article completely.
For 30 December 2014: -
On 29 December 2014, FII Sold INR 204.22 crs and DII Bought
INR 360.38 crs
It goes in expected way. It was positive but practical
trading range was not big. If you observe then you can find that index was
moving in less half percent. Technical charts are still hinting for up. Trading
volume is not great in these days. We are in the last week of year 2014.
After yesterday’s gain we will get support at 8200 to 8215
levels. You may not get easy trading opportunity on index due to thin volume. Do
not take this thin volume as reversal in trend. This thin volume is just
because of less participation in market as global market is in holiday mood on
New Year eve. It has no technical meaning.
For today’s trading session, I am expecting dull activity with
lower market participation but biasing may be on positive side. Cross above
8250 will give a hint for 8280. If it can sustain above 8280 then it may try to
make a move towards 8320 levels. At some point it will turn dull. What can be
that level? This is beyond the scope of analysis. 8250 is a decisive level. I
will not consider for strength if it stand below 8250.
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Strategy for Nifty January
future – It may open
near 8330 levels as indicated by SGX Nifty. I am not going to consider blue
chip index for big trading opportunity. It may be dull. Do not opt to trade in
first hour. Technical support is at 8300 levels. Let us see what is coming to
give year end trades.
S&P 500 (USA) – This is expected dead market with
almost 0% change but still positive. I am still hoping for a move for towards
2100 by the end of 2014. Final target may come near 2145 on S&P. I still
feel that US market will be dull with positive bias for few more days. Trading support
will emerge at 2180 to 2170. Do not expect big change in index unless something
unexpected happens.
