MARKETS FOR TUESDAY 3RD NOVEMBER

NIFTY FUTURE SHOWED A REMARKABLE LAST HOUR RISE FROM THE LOW OF 8022 TILL A HIGH OF 8088. PERHAPS AFTER 5 DAYS OF FALLS THIS TYPE OF BOUNCE WAS EXPECTED AND THE LOW VOLUME SHORT COVERING RISE MAY SPILL OVER TO TUESDAY ALSO. NIFTY IS WEAK AND TILL SUCH TIME IT CONTINUES TO STAY BELOW 8181 FUTURE LEVELS, EVERY ATTEMPT TO RISE SHOULD BE USED TO SHORT FUTURES AND BUY 8300 , 8200 & 8100 PUTS. FOR TUESDAY’S INTRADAY TRADING, NIFTY FUTURE FAILING TO BREACH & SUSTAIN ABOVE 8106 TO 8116 ZONE  SHOULD BE TRADED SHORT & MORE SHORTS BE ADDED IN CASE THE FUTURE AFTER THE RISE FALLS & BREACHES TO STAY BELOW 8055.

80% OF THE QUARTERLY RESULTS  ARE BELOW EXPECTATION AND THESE ARE CLEAR INDICATIONS OF THE MEGA FALLS TO START FROM 2016 AS PER THE 8 YEAR BEAR MARKET CYCLE AS HAD BEEN MENTIONED IN THE WEEKLY ANALYSIS FOR WEEK ENDING 30 OCTOBER BELOW. USE RETRACEMENT RISE TO OFFLOAD THE LONG HOLDINGS TILL DECEMBER AND BETTER TO QUIT ALL EQUITY LINKED SAVING SCHEMES BEFORE THE UNSET OF THE BEAR CYCLE IN EARLY 2016.


Cash Trades: 

Buy Zf Steering Above 1422 Target: 1499-1600-1850 Stop 1355

Buy Mic Electronics and Ansal buildwell on open. Target 5-15% short term.  No stops

Futures: 

Short SKS Micro between 455-560 Stop 461 Target 445.