Cheers
Jay
Saturday, November 13, 2010
Low Risk stock picks
Here are some stocks which are @ support and above 200 MA. Can be low risk entry for long side. Keep tracking !!!!!!!!
Cheers
Jay
Cheers
Jay
Friday, November 12, 2010
Ramsarup industries ltd - A value pick?
Now lets check Ramsarup Industries. Is it a value pick here? lets analyze.
Technically Ramsarup Is highly oversold on weekly charts and daily charts. Its around support zone in weekly charts. Stochastic getting flatten which is a good sign of short term reversal. Volumes totally dried during phase of fall. So all over technically its a good buy until 26 with weekly supp @ 17.
Now lets come to fundamental analysis part. Stock has a P/E ratio of 3.17 with market cap of 139 cr. It has a great book value with 163/shr where currently stock is under-priced. EPS at 12.56 looks good .Share holding pattern is less from FII's . so all over its a great Fundamental pick too.
Around 40 Rs its a good value both technically as well as fundamentally. So Investors can add this stock in your portfolio.
Regards
Jay
Technically Ramsarup Is highly oversold on weekly charts and daily charts. Its around support zone in weekly charts. Stochastic getting flatten which is a good sign of short term reversal. Volumes totally dried during phase of fall. So all over technically its a good buy until 26 with weekly supp @ 17.
Now lets come to fundamental analysis part. Stock has a P/E ratio of 3.17 with market cap of 139 cr. It has a great book value with 163/shr where currently stock is under-priced. EPS at 12.56 looks good .Share holding pattern is less from FII's . so all over its a great Fundamental pick too.
Around 40 Rs its a good value both technically as well as fundamentally. So Investors can add this stock in your portfolio.
Regards
Jay
Sunday, September 12, 2010
Technical Lessons : DSKULKARNI
Hope all witnessed previous technical lesson on HINDZINC,ICSA. how hammer effect played. Here we will see a pattern trade. Patterns in technical analysis are some formations . Like triangles,head & shoulder,Cup and handle, saucer, pennant, diamond etc.,
Encyclopedia of chart patterns by Thomas N Bulkowski good book to start with.
Now lets see saucer pattern in DS Kulkarni developers .
whats saucer pattern?
Its a rounded bottom pattern where a stock moves sideways. The more it moves sideways the more its getting accumulated. The saucer or rounding bottom chart pattern is similar to the cup but it takes a much longer period to develop. This pattern usually develops after a strong trend collapse. It may take 3 to 6 months or longer to develop. The breakout behavior is similar to that seen on a cup pattern. Its not mean that every saucer need to have downtrend before. There is no certain rule to trade chart patterns.
So how to calculate target for saucer pattern?
The upper edge of the saucer pattern is established. The distance between this rim and the lower edge of the pattern is measured. This is projected upwards to set the target for the breakout.
so lets see what could be the target of DSKULKARNI
Rim 90 and lower edge 60. so distance is 30. Once stock close above 90 weekly look for a target of 120 in that with a stop of 85.
Keep tracking DSKULKARNI @ 120 !!!!!!!!!!!!
Happy trading !!!!!!
Jay
Encyclopedia of chart patterns by Thomas N Bulkowski good book to start with.
Now lets see saucer pattern in DS Kulkarni developers .
whats saucer pattern?
Its a rounded bottom pattern where a stock moves sideways. The more it moves sideways the more its getting accumulated. The saucer or rounding bottom chart pattern is similar to the cup but it takes a much longer period to develop. This pattern usually develops after a strong trend collapse. It may take 3 to 6 months or longer to develop. The breakout behavior is similar to that seen on a cup pattern. Its not mean that every saucer need to have downtrend before. There is no certain rule to trade chart patterns.
So how to calculate target for saucer pattern?
The upper edge of the saucer pattern is established. The distance between this rim and the lower edge of the pattern is measured. This is projected upwards to set the target for the breakout.
so lets see what could be the target of DSKULKARNI
Rim 90 and lower edge 60. so distance is 30. Once stock close above 90 weekly look for a target of 120 in that with a stop of 85.
Keep tracking DSKULKARNI @ 120 !!!!!!!!!!!!
Happy trading !!!!!!
Jay
Thursday, August 26, 2010
Technical lessons :: HINDZINC,ICSA
Hey pals,
How r u all? its so long I have blogged here. In chat box people take funemployment. So let them enjoy. People who want to learn serious technical analysis drop in here . From here on will post some stock charts. Try to learn something and feel free to shoot your doubts.
Here we will discuss about hammer candles. Here our first 2 candidates. One is Hindustan Zinc and other one is ICSA. Lets see how to play that. Here I will employ Fibonacci with those candles.
Hindustan zinc ltd made a perfect hammer yesterday with piercing 50% fibo retrace and getting resistance around 61.8% fibo level. so how I play this stock here is entering a long above yesterday's high (1081.95) or 61% fibo level which coincide with that. having a stop just below 50% fibo level to target recent swing high. One more safe strategy here will be waiting for a close above 61.8% and playing next day. As we got a hammer with good volume we can go for first scenario.
Next stock is ICSA here also we got a perfect hammer around 38.2% retrace. so is it wise to take a long in stock which made lower high higher low pattern? hmm why not? lets take away the old style of technical plays. In this chart we can witness that price getting magnetized around 38.2% fibo level, which is a strong sign of price acceptance and we got a hammer here why cant we try a long with 125 as stoploss? hmm looks you people still not convinced. only way is to track the stock in coming session. lets see the result..
Ok guys track this two stocks and gimme the feedback.
Happy trading !!!!!!!!!
Jay
How r u all? its so long I have blogged here. In chat box people take funemployment. So let them enjoy. People who want to learn serious technical analysis drop in here . From here on will post some stock charts. Try to learn something and feel free to shoot your doubts.
Here we will discuss about hammer candles. Here our first 2 candidates. One is Hindustan Zinc and other one is ICSA. Lets see how to play that. Here I will employ Fibonacci with those candles.
Hindustan zinc ltd made a perfect hammer yesterday with piercing 50% fibo retrace and getting resistance around 61.8% fibo level. so how I play this stock here is entering a long above yesterday's high (1081.95) or 61% fibo level which coincide with that. having a stop just below 50% fibo level to target recent swing high. One more safe strategy here will be waiting for a close above 61.8% and playing next day. As we got a hammer with good volume we can go for first scenario.
Next stock is ICSA here also we got a perfect hammer around 38.2% retrace. so is it wise to take a long in stock which made lower high higher low pattern? hmm why not? lets take away the old style of technical plays. In this chart we can witness that price getting magnetized around 38.2% fibo level, which is a strong sign of price acceptance and we got a hammer here why cant we try a long with 125 as stoploss? hmm looks you people still not convinced. only way is to track the stock in coming session. lets see the result..
Ok guys track this two stocks and gimme the feedback.
Happy trading !!!!!!!!!
Jay
Wednesday, March 10, 2010
10/03/2010 - Market cues & calls
Guys sorry Just busy on some personal work. Soon will post my Nifty views.
Until We close below 5078 on Hourly basis on Nifty fut is a Buy for 5151 target. Today Nifty fut Holding 5113 will hit 5129 once crossing that will give us 5151. Once it trades below 5099 its likely to hit 5083 and 5060 where support will set in.
10/3/10 >>>>>>> NIFTY FUT BREAKOUT LEVELS 5082 AND 5114
Happy Trading !!!!!!!!!!!!
Jay
Guys sorry Just busy on some personal work. Soon will post my Nifty views.
Until We close below 5078 on Hourly basis on Nifty fut is a Buy for 5151 target. Today Nifty fut Holding 5113 will hit 5129 once crossing that will give us 5151. Once it trades below 5099 its likely to hit 5083 and 5060 where support will set in.
10/3/10 >>>>>>> NIFTY FUT BREAKOUT LEVELS 5082 AND 5114
Happy Trading !!!!!!!!!!!!
Jay
Friday, March 5, 2010
4/03/2010 - Market cues & calls
Nifty opened flat on weak global cues and traded flat with -ve bias. Buying witnessed at lower levels made market to recover around closing. Market breadth remains positive. It stalled yesterday after 3 day consecutive bull run. Banking/realty stock witnessed buying at lower level suggest demand for these stocks will increase in coming days. Advance decline was in favor of Bulls.Lets see some of technical triggers today.
Nifty still have a pending target of 5111 hope we will get it today. Many blogs and websites shouting to short, why they say that I didn't know . when trend is clear to hit 5300 its better to go long at dips rather short @ high. Nifty has big resistance @ 5156 level where I feel profit booking for this move can start.5011 is the support and good area to enter long again.Nifty formed a hammer on EOD chart which looks good sign for continuation of this bull run.Nifty closed above 61.8% retracement for 2nd day suggest likely to hit 5310 in coming days.Banks will be the boss in todays trading with the big boy RELIANCE.Hope SBIN will hit our target 2100 today.
Astec lifescience
buy @ cmp 52.5
stop loss 49
target 61 - 66
10 days
Happy trading !!!!!!!
Jay
Nifty opened flat on weak global cues and traded flat with -ve bias. Buying witnessed at lower levels made market to recover around closing. Market breadth remains positive. It stalled yesterday after 3 day consecutive bull run. Banking/realty stock witnessed buying at lower level suggest demand for these stocks will increase in coming days. Advance decline was in favor of Bulls.Lets see some of technical triggers today.
Nifty still have a pending target of 5111 hope we will get it today. Many blogs and websites shouting to short, why they say that I didn't know . when trend is clear to hit 5300 its better to go long at dips rather short @ high. Nifty has big resistance @ 5156 level where I feel profit booking for this move can start.5011 is the support and good area to enter long again.Nifty formed a hammer on EOD chart which looks good sign for continuation of this bull run.Nifty closed above 61.8% retracement for 2nd day suggest likely to hit 5310 in coming days.Banks will be the boss in todays trading with the big boy RELIANCE.Hope SBIN will hit our target 2100 today.
Astec lifescience
buy @ cmp 52.5
stop loss 49
target 61 - 66
10 days
Happy trading !!!!!!!
Jay
Thursday, March 4, 2010
4/03/2010 - Market cues & calls
Nifty making good run from budget day as we discussed before and closed above 5080. Bank nifty was hot spot in yesterdays trade with realty pack.Reliance and SBIN made it for bulls yesterday.Most of the world markets are trading sideways with +ve bias. Sensex closed above 17000 mark after Jan 2010.lets see some technical triggers today.
Nifty done our positional target 4977 and 5050. Now 5011 on closing basis is the trail stoploss for positional long. Break out in Nifty happened for new high i.e 5300 mark. Bears will argue volumes are thin in this rise. But we saw many previous occasions like that where thin volumes had a big rally. Indicators are overbought until it breaks the overbought territory bulls will play extreme. We can expect big swings in market from here on. Buying @ current level is not advisable, just wait for a good retrace to enter long or with 5011 as strict stop one can try a long @ current levels.SBIN done our first target 2000 can book partially here and keep rest for 2100. Tvs motor done its target from 66 to 72. Long term traders can eye for EKC which has good demand @ current levels (119).
.
4/3/10 >>>>>>> NIFTY FUT BREAKOUT LEVELS 5041 AND 5106
Indiabulls
buy @ cmp 114.9
stop loss 95
target 145
10 days
Northgate
buy @ cmp 18.9
stop loss 18
target 22 - 25
5 days
Note :: SUN OUTAGE from March 05, 2010 to March 18, 2010 between 11:00 hrs to 11:35 hours
Happy trading !!!!!!!!!!
Jay
Nifty making good run from budget day as we discussed before and closed above 5080. Bank nifty was hot spot in yesterdays trade with realty pack.Reliance and SBIN made it for bulls yesterday.Most of the world markets are trading sideways with +ve bias. Sensex closed above 17000 mark after Jan 2010.lets see some technical triggers today.
Nifty done our positional target 4977 and 5050. Now 5011 on closing basis is the trail stoploss for positional long. Break out in Nifty happened for new high i.e 5300 mark. Bears will argue volumes are thin in this rise. But we saw many previous occasions like that where thin volumes had a big rally. Indicators are overbought until it breaks the overbought territory bulls will play extreme. We can expect big swings in market from here on. Buying @ current level is not advisable, just wait for a good retrace to enter long or with 5011 as strict stop one can try a long @ current levels.SBIN done our first target 2000 can book partially here and keep rest for 2100. Tvs motor done its target from 66 to 72. Long term traders can eye for EKC which has good demand @ current levels (119).
.
4/3/10 >>>>>>> NIFTY FUT BREAKOUT LEVELS 5041 AND 5106
Indiabulls
buy @ cmp 114.9
stop loss 95
target 145
10 days
Northgate
buy @ cmp 18.9
stop loss 18
target 22 - 25
5 days
Note :: SUN OUTAGE from March 05, 2010 to March 18, 2010 between 11:00 hrs to 11:35 hours
Happy trading !!!!!!!!!!
Jay
Friday, February 26, 2010
26/02/2010 - Market cues & calls
Nifty expired at 4860 as said yesterday and closed flat ahead of general budget today. Opened +ve and traded flat for the whole day and recovered @ end. Bank nifty and IT index did well, while metal index went down as dollar index hits new high. Economic panel hopes to achieve a high 9% growth in 2011-2012 and asserts that the country is on its way to becoming the world’s fastest growing economy in another four years time. Infra stocks went well yesterday due to good data on infrastructure sector output. LT in particular zoomed. Mostly we will find a key for market move from here. Today it will be more fundamental rather than technical. Traders are advised to stay caution today, let the markets settle somewhere.
Technically Nifty spot closing above 4935 will lead a good rally this time and close below 4780 will lead to bad fall. Nifty spot forms many top @ 4880 and many bottom @ 4840 with 40 point tight range.If nifty moves on higher side today LT will make a stunning a move.For me technically it suggest we going to have a good budget. So hedge your position and trade firm.
26/2/10 >>>>>>> NIFTY FUT BREAKOUT LEVELS 4839 AND 4891
Halonix
buy @ cmp 85
stop loss 78
target 96
5 days
Tvs motor
buy @ cmp 66
stop loss 58
target 72
3,4 days
Happy trading !!!!!!!
Jay
Nifty expired at 4860 as said yesterday and closed flat ahead of general budget today. Opened +ve and traded flat for the whole day and recovered @ end. Bank nifty and IT index did well, while metal index went down as dollar index hits new high. Economic panel hopes to achieve a high 9% growth in 2011-2012 and asserts that the country is on its way to becoming the world’s fastest growing economy in another four years time. Infra stocks went well yesterday due to good data on infrastructure sector output. LT in particular zoomed. Mostly we will find a key for market move from here. Today it will be more fundamental rather than technical. Traders are advised to stay caution today, let the markets settle somewhere.
Technically Nifty spot closing above 4935 will lead a good rally this time and close below 4780 will lead to bad fall. Nifty spot forms many top @ 4880 and many bottom @ 4840 with 40 point tight range.If nifty moves on higher side today LT will make a stunning a move.For me technically it suggest we going to have a good budget. So hedge your position and trade firm.
26/2/10 >>>>>>> NIFTY FUT BREAKOUT LEVELS 4839 AND 4891
Halonix
buy @ cmp 85
stop loss 78
target 96
5 days
Tvs motor
buy @ cmp 66
stop loss 58
target 72
3,4 days
Happy trading !!!!!!!
Jay
Thursday, February 25, 2010
25/02/2010 - Market cues & calls
Nothing much for expiry day. If we open gap up above 4900 Just take 4900 PE with 4915 as stop and book around 4860 and if we open gap down around 4850 take 4800 Ce with 4840 as stop and book around 4900. Overall it looks Nifty going to expire around 4860 range.
25/2/10 >>>>>>> NIFTY FUT BREAKOUT LEVELS 4844 AND 4886
Regards
Jay
Nothing much for expiry day. If we open gap up above 4900 Just take 4900 PE with 4915 as stop and book around 4860 and if we open gap down around 4850 take 4800 Ce with 4840 as stop and book around 4900. Overall it looks Nifty going to expire around 4860 range.
25/2/10 >>>>>>> NIFTY FUT BREAKOUT LEVELS 4844 AND 4886
Regards
Jay
Wednesday, February 24, 2010
24/02/2010 - Market cues & calls
Market opened weak and recovered smartly and traded flat to positive the whole day. Highs are used to take profits where traders looks caution ahead of budget and expiry.Metal and realty index gave good support for market whole day. Advance decline ratio was in favor of bears with 321 stocks advanced and 960 stocks declined. US and Europe markets closed negative followed by many Asian markets today morning. lets see some technical trigger today.
Yesterday remained full choppy session there is not much difference on technical side.4860 support was saved whole day and 4888 resistance cant be taken out. As said in yesterdays column nifty went near to 4895 mark where longers get trapped on Monday.If Nifty open near 4800 mark with 4790 as strict stop one can try a long for 4848 and 4868. Below 4780 one can boldly short nifty for 4758 and 4737 with 4804 as strict stop. As expiry tomorrow there we may witness some volatile moves from afternoon session. Trade safe with stop loss.
24/2/10 >>>>>>> NIFTY FUT BREAKOUT LEVELS 4843 AND 4903
Happy trading !!!!!!!!!!
Jay
Market opened weak and recovered smartly and traded flat to positive the whole day. Highs are used to take profits where traders looks caution ahead of budget and expiry.Metal and realty index gave good support for market whole day. Advance decline ratio was in favor of bears with 321 stocks advanced and 960 stocks declined. US and Europe markets closed negative followed by many Asian markets today morning. lets see some technical trigger today.
Yesterday remained full choppy session there is not much difference on technical side.4860 support was saved whole day and 4888 resistance cant be taken out. As said in yesterdays column nifty went near to 4895 mark where longers get trapped on Monday.If Nifty open near 4800 mark with 4790 as strict stop one can try a long for 4848 and 4868. Below 4780 one can boldly short nifty for 4758 and 4737 with 4804 as strict stop. As expiry tomorrow there we may witness some volatile moves from afternoon session. Trade safe with stop loss.
24/2/10 >>>>>>> NIFTY FUT BREAKOUT LEVELS 4843 AND 4903
Happy trading !!!!!!!!!!
Jay
Tuesday, February 23, 2010
23/02/2010 - Market cues & calls
Nifty opened gap up on backup of strong global cues and traded flat until afternoon session, then witnessed a huge selloff where index closing near days low. Realty index again laggard for third session with bank index. IT and metal index performed well yesterday. Metal stocks surged on falling dollar index. Europe and US markets closed marginally -ve. Asian markets trading flat to -ve.Lets see some of the technical trigger today.
Nifty candle on EOD charts looks like inverted hammer or shooting star it will get confirmed with today's candle. If its inverted hammer yesterday's low will get support to break all previous resistance. Yesterday selling happened with good volumes. As said yesterday without hedging your position, it looks like catching a falling knife. Not much levels to watch today except 4847 and 4896. Many longers trapped @ 4895 range so if 4847 held today then we will hit 4895 in afternoon session. Once 4905 takes shorts will get covered this time. No longs if 4780 on nifty spot gets broken.Safe traders can wait until budget to enter in cash market.
Nifty fut Break out levels :: 4827 and 4895
Happy trading !!!!!!!
Jay
Nifty opened gap up on backup of strong global cues and traded flat until afternoon session, then witnessed a huge selloff where index closing near days low. Realty index again laggard for third session with bank index. IT and metal index performed well yesterday. Metal stocks surged on falling dollar index. Europe and US markets closed marginally -ve. Asian markets trading flat to -ve.Lets see some of the technical trigger today.
Nifty candle on EOD charts looks like inverted hammer or shooting star it will get confirmed with today's candle. If its inverted hammer yesterday's low will get support to break all previous resistance. Yesterday selling happened with good volumes. As said yesterday without hedging your position, it looks like catching a falling knife. Not much levels to watch today except 4847 and 4896. Many longers trapped @ 4895 range so if 4847 held today then we will hit 4895 in afternoon session. Once 4905 takes shorts will get covered this time. No longs if 4780 on nifty spot gets broken.Safe traders can wait until budget to enter in cash market.
Nifty fut Break out levels :: 4827 and 4895
Happy trading !!!!!!!
Jay
Monday, February 22, 2010
22/02/2010 - Market cues & calls
Market opened a gap down on Friday on weak global cues and witnessed strong short covering @ the end session. Realty's was a worse hit due to some news on Government's new land policy, while bank and IT index gave support. so what are cues for this week? Looks a week of VIX for Indian markets as we have expiry followed by general budget 2010. Market participants expecting a good budget this time.I advice safe traders to stay away this week or hedge your positions properly. US markets closed flat. Europe closed +ve, Asian markets trading firm on +ve territory.so lets see what technical charts says for nifty today.
Nifty did all its downside target mentioned on Friday and cannot able to cross 4894 level. Nifty moving sideways in the band of 4730 to 4930. Looks we will break this band either side in coming days. Nifty getting resisted around 4920 range as said in earlier column. A good break with volumes will make it cross 5000 and 5050 this time. Today looks like we gonna witness the volatile move,Nifty On upper side breaking 4866 will move up to 4885 and 4915 and downside breaking 4823 will move down to 4812 and 4795. 4699 on closing basis looks bulls quit point in coming days. As I said before if markets move in +ve territory SBIN will be a major player until given stop loss takes out play for 2000 and 2100 target in that.
Nifty fut Break out levels :: 4802 and 4890
Happy trading !!!!!!!!!
Jay
Market opened a gap down on Friday on weak global cues and witnessed strong short covering @ the end session. Realty's was a worse hit due to some news on Government's new land policy, while bank and IT index gave support. so what are cues for this week? Looks a week of VIX for Indian markets as we have expiry followed by general budget 2010. Market participants expecting a good budget this time.I advice safe traders to stay away this week or hedge your positions properly. US markets closed flat. Europe closed +ve, Asian markets trading firm on +ve territory.so lets see what technical charts says for nifty today.
Nifty did all its downside target mentioned on Friday and cannot able to cross 4894 level. Nifty moving sideways in the band of 4730 to 4930. Looks we will break this band either side in coming days. Nifty getting resisted around 4920 range as said in earlier column. A good break with volumes will make it cross 5000 and 5050 this time. Today looks like we gonna witness the volatile move,Nifty On upper side breaking 4866 will move up to 4885 and 4915 and downside breaking 4823 will move down to 4812 and 4795. 4699 on closing basis looks bulls quit point in coming days. As I said before if markets move in +ve territory SBIN will be a major player until given stop loss takes out play for 2000 and 2100 target in that.
Nifty fut Break out levels :: 4802 and 4890
Happy trading !!!!!!!!!
Jay
Friday, February 19, 2010
19/02/2010 - Market cues & calls
Market opened flat and traded volatile with most of Asian markets down to negative. As mentioned in yesterday's column it was all over a flattish negative day. Reliance lost its ground on yesterdays trade. While Bank index and realty too lost . AD ratio was in favor bears with 415 stocks advanced and 865 stocks declined on 1280 traded stocks. US and Europe markets closed positive. so lets see market movement on technical terms.
Nifty facing stiff resistance @ 4922 level of Fibonacci which we mentioned yesterday. Nothing changed on charts with yesterdays session.On pattern formation a bullish wolfe wave formed on nifty spot for a target of 4920 - 4930.It looks we will trade flat until afternoon session and a recovery possible in later session. 4894 need to hold for any upmove today where it can move to 4912/4933. Breaking 4868 will lead fall until 4848/4827.Auto ancillary package looks good for short term. Nilkamal/Omax auto/ Jmfinacial looks good for the day.
Nifty fut Break out levels :: 4866 and 4908
Happy trading!!!!!!!!
Jay
Market opened flat and traded volatile with most of Asian markets down to negative. As mentioned in yesterday's column it was all over a flattish negative day. Reliance lost its ground on yesterdays trade. While Bank index and realty too lost . AD ratio was in favor bears with 415 stocks advanced and 865 stocks declined on 1280 traded stocks. US and Europe markets closed positive. so lets see market movement on technical terms.
Nifty facing stiff resistance @ 4922 level of Fibonacci which we mentioned yesterday. Nothing changed on charts with yesterdays session.On pattern formation a bullish wolfe wave formed on nifty spot for a target of 4920 - 4930.It looks we will trade flat until afternoon session and a recovery possible in later session. 4894 need to hold for any upmove today where it can move to 4912/4933. Breaking 4868 will lead fall until 4848/4827.Auto ancillary package looks good for short term. Nilkamal/Omax auto/ Jmfinacial looks good for the day.
Nifty fut Break out levels :: 4866 and 4908
Happy trading!!!!!!!!
Jay
Thursday, February 18, 2010
18/02/2010 - Market cues & calls
Nifty opened positive on strong global cues yesterday. It was an high volatile session in Index. Finance minister said government is concerned about rising inflation and he added measures had been taken but it will take some time to impact.Bank and metal Index went positive where realty and IT index went negative. AD ratio was in favor bulls with 842 stocks advanced and 419 stocks declined on 1261 traded stocks. Europe and US markets closed positive. Asian markets trading flat to negative. lets see some technical trigger for today's market.
After many Luke luster volume session yesterday nifty traded with firm volumes suggest budget participation hanging out. Nifty getting resisted @ 50% Fibonacci level of 4922 and struggled to hold that zone with small intraday correction. MACD on daily charts turned for a buy. 4960 looks an resistance in Nifty spot daily charts. Nifty broken the channel on EOD charts and closed above it. In the below chart blue zone looks strong resitance zone on past few occation which broken with good news before,until we got some good news to trigger out remaining bears market will be subdued. I feel market to trade flat to negative today . Not much levels to watch today on higher side watch 4916/4956 and on lower side watch 4880/4820. yesterdays stock recom went well in particular VIP ind 28%, Raymond Ind 11 % did. Now today Amtek Ind, Jk cement, Videocon looks good.
Nifty fut Break out levels :: 4877 and 4927
Happy trading !!!!!!!!
Jay
Nifty opened positive on strong global cues yesterday. It was an high volatile session in Index. Finance minister said government is concerned about rising inflation and he added measures had been taken but it will take some time to impact.Bank and metal Index went positive where realty and IT index went negative. AD ratio was in favor bulls with 842 stocks advanced and 419 stocks declined on 1261 traded stocks. Europe and US markets closed positive. Asian markets trading flat to negative. lets see some technical trigger for today's market.
After many Luke luster volume session yesterday nifty traded with firm volumes suggest budget participation hanging out. Nifty getting resisted @ 50% Fibonacci level of 4922 and struggled to hold that zone with small intraday correction. MACD on daily charts turned for a buy. 4960 looks an resistance in Nifty spot daily charts. Nifty broken the channel on EOD charts and closed above it. In the below chart blue zone looks strong resitance zone on past few occation which broken with good news before,until we got some good news to trigger out remaining bears market will be subdued. I feel market to trade flat to negative today . Not much levels to watch today on higher side watch 4916/4956 and on lower side watch 4880/4820. yesterdays stock recom went well in particular VIP ind 28%, Raymond Ind 11 % did. Now today Amtek Ind, Jk cement, Videocon looks good.
Nifty fut Break out levels :: 4877 and 4927
Happy trading !!!!!!!!
Jay
Wednesday, February 17, 2010
17/02/2010 - Market cues & calls
Nifty stunned everyone by its final hour move with bank nifty leading the party. I always used to say think different and win the markets, as many laud for bears market turned for other side. Bank and IT index lead the markets in all way supported by Europe and US futures which traded on higher note in afternoon session. AD ratio was positive with advance 733 and decline 547 of total 1280 stocks traded. Nifty fut made a low of 4786 zone and hit 4890 as high with a 100 point swing. US and Europe closed positive. Asian markets trading positive.Chinese markets closed for the whole week. so lets see some levels to watch today.
Nifty took a support @ 4786 and hit all upper targets which we mentioned yesterday. Positive divergence on daily charts working well.Nifty closed above the Important Fibonacci level 4830 which have been resisted for last 6 sessions. With a view of Fibonacci it looks 4922 and 5010 will hit. Nifty spot supp pegged @ 4811 breaching that will show 4794/4710 and resistance pegged @ 4886 breaking that will show 4898/4945. Ranbaxy was the top mover with 7.2 % upside where Bharti sinks 4.2 % downside.Bullish gartley pattern in Hindustan unilever played well, moved up 3.22%. SBIN looks hot and likely to cross 2000, 2100 and 2200 in coming days with supp @ 1883. Ahemadnagar forge , VIP ind , Raymond ind looks good in small cap today.
NIFTY FUT BREAKOUT LEVELS 4804 AND 4910
Happy trading!!!!!!!!!!
Jay
Nifty stunned everyone by its final hour move with bank nifty leading the party. I always used to say think different and win the markets, as many laud for bears market turned for other side. Bank and IT index lead the markets in all way supported by Europe and US futures which traded on higher note in afternoon session. AD ratio was positive with advance 733 and decline 547 of total 1280 stocks traded. Nifty fut made a low of 4786 zone and hit 4890 as high with a 100 point swing. US and Europe closed positive. Asian markets trading positive.Chinese markets closed for the whole week. so lets see some levels to watch today.
Nifty took a support @ 4786 and hit all upper targets which we mentioned yesterday. Positive divergence on daily charts working well.Nifty closed above the Important Fibonacci level 4830 which have been resisted for last 6 sessions. With a view of Fibonacci it looks 4922 and 5010 will hit. Nifty spot supp pegged @ 4811 breaching that will show 4794/4710 and resistance pegged @ 4886 breaking that will show 4898/4945. Ranbaxy was the top mover with 7.2 % upside where Bharti sinks 4.2 % downside.Bullish gartley pattern in Hindustan unilever played well, moved up 3.22%. SBIN looks hot and likely to cross 2000, 2100 and 2200 in coming days with supp @ 1883. Ahemadnagar forge , VIP ind , Raymond ind looks good in small cap today.
NIFTY FUT BREAKOUT LEVELS 4804 AND 4910
Happy trading!!!!!!!!!!
Jay
Tuesday, February 16, 2010
16/02/2010 - Market cues & calls
Market opened flat yesterday despite of good IIP numbers. Most of the Asian markets shut down yesterday.Bank index closed Negative where IT index closed marginally up. Bharti was the top loser in Nifty 50 stock where it ended 9% down on concerns of the company’s $10.7 billion offer for Kuwaiti Zain’s African assets could strain its finances and which doesn't looks a good deal for short term. Nifty advance decline was in favor of bear on a total of 1301 stocks in Nifty 435 advanced and 866 declined. Lets see what could be the technical trigger for the day.
Nifty Formed a Flag pattern on Daily charts still its on the same pattern with Breakout level now @ 4786. Nifty keep on resisted @ 61.8 Fibo level 4830 (november low to Jan high) and struggling to close above that for last 4 trading session. Only hope for bulls is +ve Divergence of daily chart. On Option side 4800 PE and CE are most active.Option data suggest there could be a strong 150 point move in index in coming days either side.Today Important levels to watch on upside is 4812 where it move until 4835 and 4859, on downside it is 4786 where it will move until 4758 where strong support for the day pegs in breaching that could witness massive sell off in index until 4687 which is the final hope for positional Big bulls. HCL tech,Polaris,JSW steel with small caps AP paper,camlin,SREI infra looks good for the day.
Nifty Future Breakout levels :: 4768 & 4831
Happy trading !!!!!!!
Jay
Market opened flat yesterday despite of good IIP numbers. Most of the Asian markets shut down yesterday.Bank index closed Negative where IT index closed marginally up. Bharti was the top loser in Nifty 50 stock where it ended 9% down on concerns of the company’s $10.7 billion offer for Kuwaiti Zain’s African assets could strain its finances and which doesn't looks a good deal for short term. Nifty advance decline was in favor of bear on a total of 1301 stocks in Nifty 435 advanced and 866 declined. Lets see what could be the technical trigger for the day.
Nifty Formed a Flag pattern on Daily charts still its on the same pattern with Breakout level now @ 4786. Nifty keep on resisted @ 61.8 Fibo level 4830 (november low to Jan high) and struggling to close above that for last 4 trading session. Only hope for bulls is +ve Divergence of daily chart. On Option side 4800 PE and CE are most active.Option data suggest there could be a strong 150 point move in index in coming days either side.Today Important levels to watch on upside is 4812 where it move until 4835 and 4859, on downside it is 4786 where it will move until 4758 where strong support for the day pegs in breaching that could witness massive sell off in index until 4687 which is the final hope for positional Big bulls. HCL tech,Polaris,JSW steel with small caps AP paper,camlin,SREI infra looks good for the day.
Nifty Future Breakout levels :: 4768 & 4831
Happy trading !!!!!!!
Jay
Monday, February 15, 2010
HUL Bullish butterfly gartley
Hey guys after many months I am posting here, for a change from Nifty I will keep post some pattern trades. Pattern trades are one of the low risk trades where we can mint money easily with low risk money management. here is one of the pattern trade on Hindustan unilever. so lets track it.
Hindustan unilever likely to reverse after good amount of correction. Bullish butterfly gartley
pattern found on HUL charts . 225 as stop loss on closing basis on can try a long in that
which looks a low risk trade.
Reference http://www.harmonictrader.com/price_patternsbfly.htm
Happy trading !!!!!!!
Jay
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