Nifty Intraday & Technicals September 29th

NIFTY - the market should move in an overall downtrend and stay negative 

Buy at / above: 4952.64   Targets: 4967.76 - 4985.39 - 5003.05 - 5020.75 Stoploss: 4935.06
Sell at / below: 4935.06   Targets: 4919.97 - 4902.45 - 4884.95 - 4867.49 Stoploss : 4952.64

HDFC - sell @ higher levels to be safe but the stock sure looks like a short for today

Buy at / above: 637.56   Targets: 643.56 - 649.92 - 656.31 - 662.73 Stoploss : 631.26
Sell at / below: 631.26   Targets: 625.31 - 619.07 - 612.86 - 606.69 Stoploss : 637.56

SBIN - has now formed a bearish engulfing pattern - 

Buy at / above: 1980.25   Targets: 1990.39 - 2001.56 - 2012.75 - 2023.98 Stoploss : 1969.14

Sell at / below: 1969.14   Targets: 1959.04 - 1947.98 - 1936.96 - 1925.97 Stoploss : 1980.25

NIfty Intraday Sept 28th

Nifty ( spot )
Buy at / above: 4987.89   Targets: 5003.05 - 5020.75 - 5038.47 - 5056.23 Stoploss : 4970.25
Sell at / below: 4970.25   Targets: 4955.11 - 4937.53 - 4919.97 - 4902.45 Stoploss : 4987.89


For the first time yesterday we had 1900 hits between 830 AM and 930 AM- we hope you all traded BHEL and enjoyed the profits - many sent thank you emails and we really appreciate the time you all have given us.


Today may rather be a dull day - jobbing n mid caps and booking quick profits should be the adopted strategy.

Nifty Intraday and HDFC Technicals Sept 27

NIFTY

Buy at / above: 4847.64   Targets: 4862.62 - 4880.07 - 4897.55 - 4915.05 Stoploss : 4830.25

Sell at / below: 4830.25   Targets: 4815.29 - 4797.96 - 4780.65 - 4763.38 Stoploss : 4847.64

RESISTANCE 2	4945.6
RESISTANCE 1	4890.5
SUPPORT 1	4769.6
SUPPORT 2	4703.7

The markets should remain positive most of the day as we had expected - as the steam would build up along with frustration to see a sell off on Thursday ! 

HDFC Head & Shoulders - We had envisioned this a some time back and looks like now the stock is ready for a fall, mid term short positions can be taken at higher levels during the day as the stock could easily loose upto 50 Rs starting now !

Buy at / above: 625   Targets: 630.94 - 637.24 - 643.56 - 649.92 Stoploss : 618.76
Sell at / below: 618.76   Targets: 612.86 - 606.69 - 600.55 - 594.43 Stoploss : 625

RESISTANCE 2	634.1
RESISTANCE 1	628.2
SUPPORT 1	617.1
SUPPORT 2	611.9

BHEL - formed a doji pattern on Friday and the stock is now long overdue on some returns - use 1575 as a support. If the markets run we could possibly see some easy gains on this side too.

Buy at / above: 1590.01   Targets: 1599.2 - 1609.21 - 1619.25 - 1629.32 Stoploss : 1580.06
Sell at / below: 1580.06   Targets: 1570.92 - 1561.03 - 1551.16 - 1541.33 Stoploss : 1590.01

RESISTANCE 2	1621.1
RESISTANCE 1	1603.7
SUPPORT 1	1572.3
SUPPORT 2	1558.2

Nifty Weekly for September 26

Before starting to sulk about the previous weeks decline,  we would like to bring to notice a very important aspect which led to the declines in the markets last week - THE RISE IN DOLLAR - $ has now moved above s 200 DMA of 76 and moved towards 78 levels - above this it could also reach 79 and 81 levels which means more correction in the commodities and equities market. The commodities market saw the biggest crash in silver, gold and crude since 2008 correcting or falling, whichever you prefer, by 20 % , 8 % and falling underneath $80 respectively. 

As of right now we do see gold slipping to $1480 levels. We have not discussed gold or silver out here due to the fragile nature and price of the commodity in the current levels.

During the week we may see some uptrend on Monday and Tuesday recouping for the beating our financial markets took last week - but we turn more bearish over the week - long positions and options should be avoided except if you work with a tight stop-loss - Thursday could get bad as it is the expiration day for the derivatives products

Buy Nifty above: 4882.51   Targets: 4897.55 - 4915.05 - 4932.59 - 4950.16 Stoploss : 4865.06

Sell Nifty below: 4865.06   Targets: 4850.06 - 4832.66 - 4815.29 - 4797.96 Stoploss : 4882.51

Nifty Intraday & Technicals September 21st

THE STOCHASTICS OF MOST BLUE CHIPS HAVE NOW MOVED UP EXCEPT FOR  LT AND BHEL. A SHARP RISE OR MOVEMENT IN BOTH THESE SCRIPTS IS MOST LIKELY – EXCEPT BHEL HAS NO TRENDLINE OR CHANNEL TO EXACTLY FORECAST OR ASSUME A LOW FOR THIS SCRIPT.  WEDNESDAY AND THURSDAY ARE EXPECTED GREEN DAYS . 

NIFTY

Buy at / above: 5148.06   Targets: 5163.43 - 5181.4 - 5199.41 - 5217.45 Stoploss : 5130.14
Sell at / below: 5130.14   Targets: 5114.8 - 5096.93 - 5079.1 - 5061.29 Stoploss : 5148.06

BHEL – RSI -35 –STOCHASTCIS 3.8 (CAUTIOUS BUY WITH CHANCES OF UPMOVE AND STRICT SL)

Buy at / above: 1650.39   Targets: 1659.73 - 1669.93 - 1680.15 - 1690.41 

Stoploss : 1640.25

Sell at / below: 1640.25   Targets: 1630.95 - 1620.87 - 1610.82 - 1600.8 

Stoploss : 1650.39

Listed below are the volume of the last 5 days 

09/15/2011  617178

09/16/2011   1094813

09/19/2011   665712

09/20/2011   1138783

Nifty Intraday September 20th

For the past 2 weeks Nifty has  supported 4912 which now has become and important swing low. BREAK THIS and we could see it come down by another 200 points as we are now trading in a 240 point range (4912-5152)


Close below the monthly open of 5109 would create a new bearish outlook for the short term. 


Nifty's trend deciding level is 5046 


As we had expected yesterday the market sank by almost 50 points but there  was hardly any movement in any of the scripts. Nifty  could open lower but we are fairly optimistic about the day being strong and in an upward movement. 


Buy at / above: 5041   Targets: 5056 - 5074 - 5091 - 5109 Stoploss : 5023

Sell at / below: 5023   Targets: 5008 - 4990 - 4972 - 4955 Stoploss : 5041

Nifty Intraday September 19th

NIFTY  - The market may experience some form of bearishness and low confidence levels. The general public may await what the crowd is doing after the RBI hiked its rate for the 12th time by 25 bps on friday, the gains of today may be taken away by minor corrections over the trading day - we do see a strong midweek – 

Buy at / above: 5094.39   Targets: 5109.69 - 5127.57 - 5145.48 - 5163.43 Stoploss : 5076.56
Sell at / below: 5076.56   Targets: 5061.29 - 5043.52 - 5025.77 - 5008.06 Stoploss : 5094.39


SBIN has now moved out and come in a bullish form on an intraday basis 1992 would be a strong resistance point for SBIN - overall the script has now gained some strong forces and shall be on the rise overall .

Buy at / above: 1947.01   Targets: 1957.08 - 1968.15 - 1979.25 - 1990.39 Stoploss : 1936
Sell at / below: 1936   Targets: 1925.97 - 1915.01 - 1904.09 - 1893.19 Stoploss : 1947.01

Nifty Intraday and Technicals

The markets may be due for some declines now but it shall be modest in size. Wait for the RBI policy before you trade or take any positions. 


Buy  Nifty spot above: 5076.56   Targets: 5091.84 - 5109.69 - 5127.57 - 5145.48  Stoploss : 5058.76


Sell  Nifty spot below: 5058.76   Targets: 5043.52 - 5025.77 - 5008.06 - 4990.38   Stoploss : 5076.56

Nifty Intraday September 15th

NIFTY SPOT 

BUY ABOVE  5023 TARGETS 5038, 5056, 5074, 5091

SELL BELOW 5005 TARGETS 4990, 4972 , 4955, 4937 

The markets may start in red but overall the trends gets bullish over the day. 

Intraday & Technicals - Sept 14th

We are now on CHAT 
For intraday calls and more trading opportunities add us on GTALK timesnifty@gmail.com



The markets today should wove downwards. The inflation reports come out today as the government decides on the rate hike policy tomorrow. The markets are volatile and VIX is at 32.75 and the all time high stands at 36. BankNifty (9339) continues to be weak but then again this may find strong support @ 8917 - long way :( 

SBIN has broken its Feb 2010 low of 1863 and now the next support comes in @1715 which is the Sept 2009 low 

Our projected High 1860 & Low 1764 - below that 1730

RIL - Stochastics and RSI show that the stock is losing steam quick and may take another beating today. CCI has now shown a sell signal for the stock.

SELL BELOW 805 for targets of 798, 791, 784 

Our projected High:817  & Low: 789

LT - The stock finds its next support @ 1609 - Definitely a sell for today AGAIN :)

Our projected High : 1653 & Low: 1604

Buy Nifty (Spot) above 4952 for targets of 4965 , 4985, 5003, 5020 SL - 4935

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

Nifty Intraday & Technicals September 13th

The markets may open in red but find strong support near 4900 - the second session looks like a recovery time as markets may go into green. BankNifty (9395) continues to be weak but then again this may find strong support @ 8917 - long way :( 

SBIN took support of its Feb 2010 low @ 1863 - the stock could see some strong sentimental buying during the later hours of the day.

Our projected High 1890 & Low 1835 - below that 1820

RIL - Stochastics and RSI show that the stock is losing steam quick and may take another beating today. CCI has now shown a sell signal for the stock.

Our projected High:815  & Low: 787

LT - The stock finds its next support @ 1609 - Definitely a sell for today !

Our projected High : 1658 & Low: 1610

Buy Nifty (Spot) above 4952 for targets of 4965 , 4985, 5003, 5020 SL - 4935

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

There stands a good chance of a recovery after the opening of the European Market !!

NIFTY INTRADAY SEPT 12

The dollar index is up @ 77.49 which means more pain for the Indian Indexes - The markets should open gap down below 5000 and Nifty could try to sustain its support of 4988. We should see some sort of recovery during the later hours. 

Buy Nifty above 5076 for targets of 5091 , 5109, 5127, 5145 SL - 5058

Sell Nifty below  5058 for targets of  5043, 5025, 5008,4990 SL 50130


Larsen Toubro - Sell below 1691 for targets of 1681, 1671, 1661, 1651 SL 1702
                                           expected achievable low for the day 1664

Reliance - Sell Below 819  for targets of 812, 805,798,791

                           expected achievable low for the day 807

STAY DISCIPLINED


** expected achievable low for the day is the number a stock could hit today not that it couldnt go lower than that. They are safe exit points for booking profits.  

Nifty Intraday & Technicals September 9th

Bank Nifty is facing some stiff resistance at 9950 levels and the bulls are trying very hard to surpass this but in vain.  SELL BANKNIFTY @ 9985-10030 levels. Enjoy the profits ! 

RIL woke up yesterday and showed some wild swings during the second half of the trading lifting sentiment and markets. RIL has crossed its 61.8 % level and stochastics at 94.8 clearly shows this baby will soon pop ! 

Dump the B**** !!! 

BUY above 855 for targets of 862, 869, 877 SL 848
SELL below 848 for targets of 841, 834, 826 S 855
Our projected high for the day 860-865 and low 833


LT itself has now entered the overbought area, stochastics at 90 RSI @ 60. We should soon see some heavy selling within this too - Get out before its too late.
BUY above 1712 - targets - 1721, 1731, 1742 SL 1701
SELL below 1701 - targets - 1692, 1681, 1671 SL 1712 
Our projected high 1743 and low 1685

BHEL has now come close within its trading range and now faces stiff resistance. 

SELL below 1775 - targets 1765,1755,1743 SL1785 

Our Projectd High 1792 Low 1742 

Buy Nifty above 5166 for targets of 5188 , 5199, 5217, 5235 SL - 5148

Sell Nifty below  5148 for targets of  5132, 5114, 5096, 5079 SL 50130
Nifty should move side ways but get weak during the second half of the trading session ! 


Have a good weekend