Nifty levels for August 19 2015

Important Nifty Index levels for closing session on 19th August 2015

Upper levels - 8535
A break above this level will help the market run

Lower levels - 8490, 8420
Nifty will collapse below these levels

Editor

Important Nifty levels for the day July 09, 2015

Important Nifty levels for the first half of the day (intra-day)

8400

8342

Nifty options and futures

Nifty based derivatives are some of the most popular Securities products in India.

Nifty Options and Futures traded values rank among the highest traded products in the World. Of course, value-wise, Nifty derivates are yet to catch up with Dow Jones, S & P 500, or Nasdaq based futures and options. However, growth and volume-wise, India's ranking is very high.

Nifty Put and Call options are widely used by institutions and individuals to hedge or trade.

Components of the Nifty Index

The current composition of the Nifty Index by companies are as follows:

Company Name	Symbol
ACC Ltd.	ACC
Ambuja Cements Ltd.	AMBUJACEM
Asian Paints Ltd.	ASIANPAINT
Axis Bank Ltd.	AXISBANK
Bajaj Auto Ltd.	BAJAJ-AUTO
Bank of Baroda	BANKBARODA
Bharat Heavy Electricals Ltd.	BHEL
Bharat Petroleum Corporation Ltd.	BPCL
Bharti Airtel Ltd.	BHARTIARTL
Cairn India Ltd.	CAIRN
Cipla Ltd.	CIPLA
Coal India Ltd.	COALINDIA
Dr. Reddy's Laboratories Ltd.	DRREDDY
GAIL (India) Ltd.	GAIL
Grasim Industries Ltd.	GRASIM
HCL Technologies Ltd.	HCLTECH
HDFC Bank Ltd.	HDFCBANK
Hero MotoCorp Ltd.	HEROMOTOCO
Hindalco Industries Ltd.	HINDALCO
Hindustan Unilever Ltd.	HINDUNILVR
Housing Development Finance Corporation Ltd.	HDFC
I T C Ltd.	ITC
ICICI Bank Ltd.	ICICIBANK
IDFC Ltd.	IDFC
Idea Cellular Ltd.	IDEA
IndusInd Bank Ltd.	INDUSINDBK
Infosys Ltd.	INFY
Kotak Mahindra Bank Ltd.	KOTAKBANK
Larsen & Toubro Ltd.	LT
Lupin Ltd.	LUPIN
Mahindra & Mahindra Ltd.	M&M
Maruti Suzuki India Ltd.	MARUTI
NMDC Ltd.	NMDC
NTPC Ltd.	NTPC
Oil & Natural Gas Corporation Ltd.	ONGC
Power Grid Corporation of India Ltd.	POWERGRID
Punjab National Bank	PNB
Reliance Industries Ltd.	RELIANCE
State Bank of India	SBIN
Sun Pharmaceutical Industries Ltd.	SUNPHARMA
Tata Consultancy Services Ltd.	TCS
Tata Motors Ltd.	TATAMOTORS
Tata Power Co. Ltd.	TATAPOWER
Tata Steel Ltd.	TATASTEEL
Tech Mahindra Ltd.	TECHM
UltraTech Cement Ltd.	ULTRACEMCO
Vedanta Ltd.	VEDL
Wipro Ltd.	WIPRO
Yes Bank Ltd.	YESBANK
Zee Entertainment Enterprises Ltd.	ZEEL

Nifty levels for May 4 to 8, 2015

Nifty key levels

Supports:

8190
8118

Resistances:

8480
8505

Are we in a Long Term Bull Market?

Good question!

Although it is a brave stand to take, especially for a long term call, all indications show that we are indeed in a long term trend.

The view can be taken from various standpoints.

Waves
The bottom that we saw in Nifty and Sensex 2008 after the massive fall was actually the start of the 3rd wave on a long term basis. On a slightly lesser time frame, we are currently in the 3rd of 3rd wave, which started in 2011. On a shorter time frame, the Modi victory is another 3rd wave, but on a much more shorter time frame.

Business cycle research by several big MNC research and consultancy companies shows that India is set to grow at a staggering pace from 2015-2035, even beating China in these years. The scenario is slowly playing out. India is on course to be by far the 3rd largest nation on GDP on PPP basis.

Trading Size

What should be your ideal trading size?

There is no standard answer when you are trying to trade shares and stocks. It depends on how much experience you have trading the markets, your education level (trading related), the product you are trying to trade, and so on. In short, this cannot be generalized. But here are some guidelines that you can try to follow:

• Never trade the markets directly. It is a surefire recipe for disaster. Not only will you lose all your money, your ego may tell that you will improve, thus hastening the loss making cycle, which only gets worse as you lose confidence (reason: most beginners keep increasing size to make up for lost money).
• Try to spend at least 6 months under an expert's glare. Trade paper money and carefully analyze performance with your guide
• Start trading real money only when you are getting good results. Even this is not a guarantee. Oftentimes, paper trading results are manipulated!

Sensex MACD in Buy near Positive Territory again

The benchmark Index, moved into a buy again after a lengthy A-B-C type of a correction. The move up on 26th November 2012 is a very typical burst when an important index is in positive territory. The upmove should continue now for quite a while.

Index resuming normal uptrend. Sensex and Nifty well placed before Diwali

The benchmark indexes have indeed turned up just before Diwali. All it needs now is a good push and we are again on the way up. A buy signal here is a powerful one since MACD is in the positive territory and a possible move up will be very strong.

Nifty in corrective mode, to turn up once the MACD curve turns up

Nifty and Sensex are currently in corrective mode. The main reason is that MACD had turned down. Also, there were gaps around 18000-18300 area. The Indexes are currently trying to fill those gaps.

Markets will be dull for a while and will turn up first and then give a buy. This is likely to happen during Diwali.