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The September series is expected to begin on a better note as the underlying open interest in the market is on the lower side.The markets are surging from its opening levels on account of buying coming in auto, realty and pharma stocks.Earlier in the US markets,after stumbling out of the gate, the blue-chip averages made a few concerted efforts to build onto Wednesday's sizable advance, but the absence of leadership from the heavily weighted Financial sector (-1.1%), and not enough momentum in Tech (+0.4%), eventually led to a mixed session.Also,Stocks struggled Thursday as investors mulled strong economic growth in the second quarter and more problems in the credit market, ahead of a key speech from Federal Reserve chairman Ben Bernanke, expected Friday.

F&O cues:
Marketwide rollover at 82.3%
Nifty rollover at 70%
Nifty Sep Futures at 59-point discount
Nifty Futures add 38 lakh shares in total Open Interest
190 out of 195 stocks see over 60% rollover
181 out of 195 stocks see over 70% rollover
122 out of 195 stocks see over 80% rollover
30 stocks see over 90% rollover

What happens on Friday in the US will play a major role in shaping our markets. We believe that anyone expecting a clear-cut signal on the Fed's next move is thinking way ahead. Also, there won't be a Q&A session afterward so the Fed Chairman won't be able to be pressed on policy matters.

We will be back by mid trading session for free intra day tips and more market insight.
Adhere to strict stop Losses in order to safeguard your interests.For more stock specific buy and sell , subscribe to out free newsletter or join our paid service.

The Bulls have the upper hand at least for the time being.

Free Intra Day tips at 2:45 pm :

Buy Reliance Ind. futures 1912-1916 . Stop Loss 1905. Target 1930.
Buy Hindalco Futures 157-157.5 Stop Loss 155.5. Target 160.

These are strict day trading recommendations for the last 45 minutes of trade.
Adhere to strict stop Losses in order to safeguard your interests.For more stock specific buy and sell , subscribe to out free newsletter or join our paid service.

The Indian markets have opened in the green and after yesterday's breakout rally, the markets look fine at least for today.Broad based buying was witnessed in the opening trade today and the market breadth was impressive with good volume.
Earlier in the US markets, In stark contrast to Tuesday's sharp sell-off, the major averages bounced back in noticeable fashion Wednesday as a sense that stocks were oversold helped investors recoup almost all of Tuesday's losses and close at session highs.Stocks surged erasing the previous day's losses, as investors took a big drop in the yen and encouraging comments from the chairman of the Federal Reserve as signs that the recent market turmoil is waning.
Also the all the Asian Indices are trading higher with Hang Seng and Nikkei leading the way.Oil prices rose 2.5% to $73.51/bbl following much larger than expected declines in weekly crude and gasoline supplies.

F&O cues:
Futures Open Interest up by Rs 2,837 crore
Options Open Interest up by Rs 651 crore
Marketwide rollover at 64.7% Vs 60% last time
Nifty rollover at 64% Vs 61% last time
Nifty Aug Futures shed 41 lakh shares in Open Interest
Nifty Sep futures add 88 lakh shares in Open Interest
Nifty Aug at 6-point premium, Sep at 32-point discount
Nifty Open Int Put-Call ratio at 1.30 Vs 1.26
Nifty Puts add 13.3 lakh shares in Open Interest
Nifty Calls add 2 lakh shares in Open Interest

Technically, the support for the Sensex is at 14897 and the resistance to the up move at 15147
where as in Nifty the support for the Nifty is at 4320 and resistance to the up move at 4401.
We will be back by mid trading session for free intra day tips and more market insight.
Adhere to strict stop Losses in order to safeguard your interests.For more stock specific buy and sell , subscribe to out free newsletter or join our paid service.

The markets gave have given the bears a run for their money.As we told earlier that today only a long position is justified was proved right with the rally in the stocks.Some profit booking might happen in the last half hour of trade but we expect the market to be close to 4400 in the end of august series i.e on Thursday.One important cue in the Indian market is that there was institutional flows coming into the markets in the last two or three days. That space has to be carefully watched.
Be with the flow of the markets as Gap up and Gap down opening's erode the profits.
We are not advising for the September series right now.Caution is the name for the day once again.
Adhere to strict stop Losses in order to safeguard your interests.For more stock specific buy and sell , subscribe to out free newsletter or join our paid service

As Expected the markets opened with a gap down due to the global cues. Although,the indian markets have pulled back smartly from its day's low. Indian markets have been best performing market in Asian region. Most of the Asian markets got hit severely on weak cues from US markets. Our ViewPoint on the Wall street on August 26 was justified with last night's developments.
Earlier in the US markets, Stocks opened lower on Tuesday and continued to worsen throughout the day before closing at session lows as investors found a plethora of reasons to keep questioning the sustainability of gains that recently helped the stock market log its best weekly performance in months.Also,Stocks got battered during the day after the minutes from the last Federal Reserve policy meeting failed to reassure investors worried about weak housing, consumer confidence reports and ongoing credit and mortgage market woes.There has been a sea of red around us but somehow we tend to stick our neck out sometimes these days but than again wilt under pressure.It could be one of those days.

Mantra for the day :Think of going long only now but be opportunistic. Patience is a virtue so don't jump into trades.One will get good buying opportunities.

F&O cues:
Marketwide rollover at 47%
Nifty rollover at 49%
Futures Open Interest up by Rs 1,440 crore
Options Open Interest up by Rs 531 crore
Nifty Aug Futures shed 43 lakh shares in Open Interest
Nifty Sep Futures add 58 lakh shares in Open Interest
Nifty Aug at 17-point discount
Nifty Sep at 44-point discount
Nifty Open Interest Put-Call ratio at 1.26 Vs 1.24
Nifty Puts add 10.4 lakh shares in Open Interest
Nifty Calls add 4.4 lakh shares in Open Interest

We will be back by mid trading session for free intra day tips and more market insight.
Adhere to strict stop Losses in order to safeguard your interests.For more stock specific buy and sell , subscribe to out free newsletter or join our paid service.

Well yesterday was a huge rally , much to our surprise considering the uncertainty in the political scenario as well as with global sub prime issues.Earlier in the US Markets , Stocks slipped Monday after a disappointing existing home sales report revived worries about the mortgage and credit markets. After rallying more than 1.2% on Friday and turning in their best weekly performances in several months, it wasn't surprising to see the major averages succumb to some profit taking.Yesterday's only scheduled economic report showing no signs of a recovery in the troubled housing market also contributed to today's widespread consolidation. In contrast to Friday's surprisingly strong gain in new home sales, existing home sales fell 0.2% in July to 5.75 mln (consensus 5.70 mln), the lowest level of sales in five years.Investors are now hoping that the Federal Reserve will cut a key short-term interest rate, one that affects consumer loans- at its policy meeting next month. The central bank already cut the discount rate, which affects bank loans.But after last week's big run, stock investors were more cautious Monday, particularly amid continued signs that the recent buyout boom could be waning.Investors are now hoping that the Federal Reserve will cut a key short-term interest rate -- one that affects consumer loans -- at its policy meeting next month. The central bank already cut the discount rate, which affects bank loans. But after last week's big run, stock investors were more cautious Monday, particularly amid continued signs that the recent buyout boom could be waning.Asian Indices are also a mixed after over night's developments.

F&O cues
Futures Open Interest up by Rs 1,091 crore
Options Open Interest up by Rs 347 crore
Marketwide rollover at 33.3%
Nifty rollover at 35.8%
Nifty Aug Futures shed 55 lakh shares in Open Interest
Nifty Sep Futures add 37 lakh shares in Open Interest
Nifty Open Interest Put-Call ratio at 1.24 Vs 1.17
Nifty Puts add 13 lakh shares in Open Interest
Nifty Calls shed 2 lakh shares in Open Interest
We will be back by mid trading session for free intra day tips and more market insight.
Adhere to strict stop Losses in order to safeguard your interests.For more stock specific buy and sell , subscribe to out free newsletter or join our paid service.

As expected , there are was big 200 point gap up opening on the Indian bourses.Asian indices are also trading in the green. Although the DOW,NASDAQ and S&P futures are down.
F&O cues:
Market wide rollover at 21%
Nifty rollover at 24%
Futures Open Interest up by Rs 2,326 crore
Options Open Interest up by Rs 198 crore
Nifty Aug Futures shed 2 lakh shares in Open Interest
Nifty Sep Futures add 17 lakh shares in Open Interest
Nifty Aug at 12-point, Sep at 28-point discount
Nifty Open Interest Put-Call ratio at 1.17 Vs 1.14
There is still a lot of uncertainty in the markets.We advise not to go long as trends are not clear.Even though that would mean missing out on opportunities if a strong rally happens.
We will be back by mid trading session for free intra day tips and more market insight.
Adhere to strict stop Losses in order to safeguard your interests.For more stock specific buy and sell , subscribe to out free newsletter or join our paid service.

There is no denial that our markets are US markets followers nowadays.And that to an extent is right also as we are not secular from a global perspective.So we wanted to update our investors with a bit of information on the US markets which we feel would be beneficial.
We feel that its going to be a rocky ride to newer highs if there is any in the short term.Wall Street is heading for another volatile week but the bulls could get a further impetus if the fed continues its dose of money flows into the system.Also the fed discount rate cut hype has to sustain in order to make the markets reach newer highs.The coming week has a slew of economic indicators, including July existing home sales and preliminary figures on second-quarter gross domestic product, which should shed more light on the economy's health.SO KEEP A WATCH.In our opinion the sub prime issue is far from over as in a clear sign that the credit crunch is still affecting the nation's largest financial institutions, the Federal Reserve agreed this week to bend key banking regulations to help out Citigroup and bank of America, according to documents posted Friday on the Fed's Website.This unusual move by the Fed shows that the largest Wall Street firms are continuing to have problems funding operations during the current market difficulties.Since the investors are still uncertain about the extent of the impact of the faltering housing market and losses from sub prime mortgages, the US markets may take even a average news as a good news showing that the economy is capable of coping the real estate issues albeit with hiccups along the way.
We will be back by mid trading session for free intra day tips and more market insight.
Adhere to strict stop Losses in order to safeguard your interests.For more stock specific buy and sell , subscribe to out free newsletter or join our paid service.

It's a stretch to say things were back to normal this week, but there was no denying that the market tone was much improved.Negative headlines on the sub prime exposure - and there were plenty of them - came and went without unraveling the market. Meanwhile, T-bill rates pushed higher again, providing a tacit signal that fears about a liquidity crisis have eased in the wake of the Fed cutting its discount rate.
Friday's action ended the week on a high note as the market rallied in a broad-based manner, aided by better than expected economic data, better than expected earnings results from several retailers, and speculation that a buyout deal might be in the offing within the battered investment banking group.
If there was one shortcoming to Friday's rally, it was that it occurred on light volume. NYSE volume was just below 1.2 billion shares. Today's total suggests there wasn't a lot of conviction behind the buying efforts. Nonetheless, investors who are long the market will take higher stock prices any way they can get them.
Adhere to strict stop Losses in order to safeguard your interests.For more stock specific buy and sell , subscribe to out free newsletter or join our paid service.