I have a Bullet, but its a Blank

 After a very long time have the bulls even felt relatively close to the market or even that they exist. NIFTY closed at 4919 up 171.8 points or 3.62%. The markets have signaled a RSI & CCI buy signals. It is very obvious that the markets are highly oversold and that fresh buying is happening across the board. The Nifty showed  a pattern similar to the Morning Star. A retracement to a level of 5150 is very much in the cards. Anti-corruption campaigner and India's white knight, Anna Hazare and the hundreds of thousands of people who took to the streets to support his cause in a standoff that lasted nearly two weeks have won an epic battle over the government. Benny boy has assured the public that more of "their own money" shall be made available to themselves to create new jobs and support the already broken backbone of the US economy. Markets cheered !! 

Anyways, HDFC has been tested for time now and we successfully could say today that this is one of the best banks out there which has stood the test of time for itself because of  the outstanding job done by the board. We can see a head and shoulder pattern developing on the charts with 621 as the neckline. The attainable targets for a short term outlook stands at 688 while the pattern unfolds.

 Intraday longs can be hit @636 for targets of       650 - 660. Working with a tight stoploss is highly recommended in such volatile markets. 

Bank Nifty is also starting to show recovery signs. The markets are oversold but the people should wait n carefully watch the 3 intersecting points to see if the trend line is breached to get a proper idea of what lies ahead. Stochastics , RSI & CCI have generated BUY signals. 

But overall the index still looks very weak and unpromising. 

Watch the markets very carefully at 5150 levels as we think that one more dip is on its way based on what indicators are telling us.

TIMESNIFTY AUG 29' 2011.

NIFTY INTRADAY AUGUST 25TH

NIFTY may remain overall positive during the day 

long positions can be assumed when nifty hits its last support of 4675 

Buy Nifty above 4900 for targets of 4775 , 4793, 4810, 4827 SL - 4743 

 

Sell Nifty below  4743 for targets of  4728, 4711, 4694, 4677 SL 4761

NIFTY INTRADAY AUGUST 25TH

NIFTY today should move in an upward trend but volatile

Buy Nifty above 4900 for targets of 4915 , 4932, 4950, 4967 SL - 4882 

 

Sell Nifty below  4882 for targets of  4867, 4850, 4832, 4815 SL 4900

NIFTY INTRADAY AUGUST 24TH

Buy Nifty above 4952 for targets of 4967 , 4985, 5003, 5020 SL - 4935

 

Sell Nifty below  4935 for targets of  4919, 4902, 4884, 4867 SL 4952

Times Nifty: Are we Triangulating to 4800 ??

Times Nifty: Are we Triangulating to 4800 ??: On the 25th of May, we discussed the possiblillity of the Nifty coming within a symmetrical triangular pattern. As assumed the Nifty...

NIFTY OPTIONS UPDATE

Research leads us to believe that the market may face stiff resistance at 4975 levels -
BUY 5100 CE CMP 33 - TARGET 68 - SL 26 

Nifty Intraday 18th August

Nifty today may operate in a upward trend.

Buy Nifty above 5058  for targets of 5074 , 5091, 5109, 5127 SL - 5041

Sell Nifty below  5041 for targets of  5025, 5008, 4990, 4972 SL 5058

NIFTY OPTIONS UPDATE

NIFTY 5100 CE IS TRADING AT 87 - 15 MINS CHART SHOW THAT NIFTY IS HIGHLY OVER BROUGHT AND MAY SLIP
SELL 5100 CE - SL 95 - TARGET 68
SELL AS PER YOUR APPETITE 

Nifty Intraday 17th August

Nifty today may operate in a downward trend. Work with tight stop loss in this kind of a market.

Buy Nifty above 5041  for targets of 5056, 5074 , 5091, 5109 SL - 5023

Sell Nifty below  5023 for targets of  5008, 4990, 4972, 4955 SL 5041

A Dead Clock Shows the Time Right Twice a Day

We were constantly emailed if now was the right time to start buying stocks - on a technical level NO. Long term growth prospective as promised by our finance minister - YES
We analysed quite a few of the Blue Chips which held some major weight within the Indian Markets.
Our analysis is based on 5 major indicators which we choose before buying a script.
Stochastics & CCI , RSI , Bollinger Bands, 20 DMA Under the 10 & 5 DMA and our personal favorite Candlesticks.

We have been constantly watching Reliance Industries take a beating -
We fail to understand how a 25057cr company has its stocked priced at Rs 754 and a smaller company like VST Industries with a market cap of 18.53 cr has its stock priced at 1201.75 or Balmer Lawrie which has a market cap of  10 Cr and stock priced at Rs 620. (CMP as on Aug 9, 2011) If any of you Reliance guys are reading this and get lost somewhere please note all the three scripts have a face value of Rs 10.00

The stock has not yet generated any BUY signals - We expect the stock to be a safe buy at 740 levels. Stochastics indicate the stock stands oversold but many a times stochastics would stay well below 20 for a much longer time before an exact buy signal is triggered. From our 5 Indicators RIL gets a 0/5 . Slow stock piling could be initiated for long term growth.

Larsen Toubro is one of the most fascinating and promising stocks which has given investors very decent returns and lived upto its mark of investor satisfaction.
The stochastics stands at 19 and RSI at 31 the stock should be closely monitored and can be bought and sold on intraday levels. The stock has declared a decent quaterly profit and shall shoot up to 1900 levels if the market sustains an upward movement. Candlesticks have generate no BUY signals as of yet which we hope to get in the next few trading sessions.

BHEL - is one of my grandpas favorite stocks that he works with due to his in-depth knowledge of the stocks history and movements.
RSI is at 31 and Stochastics at 19. There is a huge gap between the 20, 10 & 5 DMA lines. We dont have a candlestick signal of a trend reversal.

Other stocks such as TCS, INFY , TATAMOTORS stand the same ground. If the market fails to sustain or recover from the current levels we could see 4700 pretty soon. The markets should recover a little from thursday or friday giving investors some peace of mind before they can enjoy the long Independence Day weekend.

The stocks are oversold and ready for a jump but when, could be anyone's guess - but we do expect our clock to show us the right time before we could take some healthy profits home. 

POWER CALLS

5200  CE SELL OPTION RECOMMENDED AT 108 - COVER THE SHORT POSITION 

CMP 78 

NIFTY OPTIONS UPDATE

RE-POST
SELL 5200 CE  108 SL 116

TARGET 50 -

SELL AS PER YOUR APPETITE !! 

NIFTY INTRADAY AUGUST 5TH !!!

Nifty today looks okay above 5363

Buy Nifty above 5347  for targets of 5361, 5381 , 5399, 5417 SL - 5329

Sell Nifty below  5329 for targets of  5313, 5295, 5277, 
5258 SL - 5347


The markets have been declining continously over the week  - the markets should open in negative but may slowly recover during the second half - book profits and enjoy your weekend. 

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NIFTY Intraday 04/08/2011

Nifty today looks okay above 5402

Buy Nifty above 5420  for targets of 5436, 5454 , 5573, 5591 SL - 5402

Sell Nifty below  5402 for targets of  5386, 5368, 5349, 5331 SL 5420

NIFTY Intraday 03/08/2011

Nifty today looks okay above 5462

Buy Nifty above 5457  for targets of 5473, 5491 , 5510, 5528 SL - 5439

Sell Nifty below  5439 for targets of  5423, 5404, 5386, 5368 SL 5457

Nifty Intraday August 2nd

Nifty today looks okay above 5518

Buy Nifty above 5431  for targets of 5547, 5566 , 5584, 5603 SL - 5513

Sell Nifty below  5513 for targets of  5497, 5478, 5460, 5441 SL 5531

The markets may see some positive buying during the first session. One buy book decent profits and keep selling in portions, booking profits continuously. 


ICICI BANK & LARSEN TOUBRO should perform well today !! 


Hapyy Trading 

Nifty Intraday August 1st

Nifty today looks okay above 5485

Buy Nifty above 5494  for targets of 5510, 5528 , 5547, 5566 SL - 5476

Sell Nifty below  5476 for targets of  5460, 5441, 5423, 5404 SL 5491


5472 and 5436 are the next valid but weak supports for Nifty. The market should move in a downtrend towards 5518 


Markets did not take kindly to the protracted US debt ceiling negotiations as the risk of a default loomed larger with the approach of the August 2 deadline.  Stocks in New York fell more than 4% with the Dow closing at 12,143 and the S&P500 finishing the week at 1292.  It was a similar story in Mumbai as the RBI's surprise fifty-point rate hike on Tuesday only added to anxiety levels.  The BSE-Sensex lost more than 2% closing at 18,197 with the Nifty ending the week at 5482.


The markets could be very volatile and sensitive. Please trade with very tight and strict stoplosses.