Nifty today looks okay above 5491
Buy Nifty above 5491 for targets of 5510, 5528 , 5647, 5566 SL - 5476
Sell Nifty below 5476 for targets of 5460, 5441, 5423, 5404 SL 5491
Happy Trading
Friday, 29 July 2011
Nifty Intraday July 29th
Nifty today looks okay above 5491
Buy Nifty above 5491 for targets of 5510, 5528 , 5647, 5566 SL - 5476
Sell Nifty below 5476 for targets of 5460, 5441, 5423, 5404 SL 5491
Happy Trading
Thursday, 28 July 2011
Nifty Intraday July 28th
Nifty today looks okay above 5553
Buy Nifty above 5550 for targets of 5564, 5583 , 5604 SL - 5531
Sell Nifty below 5531 for targets of 5515, 5497, 5478 SL 5550
Wednesday, 27 July 2011
Nifty Intraday July 27th
Our short call on SBIN & HDFCBank have returned generous profits to investors.
Nifty today looks okay above 5590
Buy Nifty above 5590 for targets of 5603, 5622 , 5640 SL - 5568
Sell Nifty below 5568 for targets of 5553, 5534, 5515 SL 5587
5535 IS INDEED THE LAST SUPPORT THAT THE BULLS HAVE IN THIS MARKET. A BREAK BELOW 5480 SHALL MAKE THE MARKET BEARISH.
Happy Trading.
Nifty today looks okay above 5590
Buy Nifty above 5590 for targets of 5603, 5622 , 5640 SL - 5568
Sell Nifty below 5568 for targets of 5553, 5534, 5515 SL 5587
5535 IS INDEED THE LAST SUPPORT THAT THE BULLS HAVE IN THIS MARKET. A BREAK BELOW 5480 SHALL MAKE THE MARKET BEARISH.
Happy Trading.
Tuesday, 26 July 2011
Nifty Intraday July 26th
Sorry about not being able to update our site yesterday - our servers were down !
Nifty today looks okay above 5665
Buy Nifty above 5681 for targets of 5697, 5716 , 57355 SL - 5662
Sell Nifty below 5662 for targets of 5646, 5627, 5609 SL 5681
Always watch the market for 15 - 30 minutes to assume a safe position.
The day may start negative or may remain flat during the first half until the RBI policy decision comes out at around 11 am - We expect a negative start but a positive close.
Happy Trading
Nifty today looks okay above 5665
Buy Nifty above 5681 for targets of 5697, 5716 , 57355 SL - 5662
Sell Nifty below 5662 for targets of 5646, 5627, 5609 SL 5681
Always watch the market for 15 - 30 minutes to assume a safe position.
The day may start negative or may remain flat during the first half until the RBI policy decision comes out at around 11 am - We expect a negative start but a positive close.
Happy Trading
Friday, 22 July 2011
July 22nd
Nifty Today looks okay above 5551
If Nifty trades above 5551 for 15 mins BUY for target of 5567 , 5590 and 5603 SL 5531
If Nifty trades below 5531 for sometime SELL for targets of 5515, 5497 and 5378 SL 5551
Strong Nifty Support @ 5535
The markets may be choppy but there maybe strong global backing from international markets due to the consensus and agreements on Greek Bailout !
If Nifty trades above 5551 for 15 mins BUY for target of 5567 , 5590 and 5603 SL 5531
If Nifty trades below 5531 for sometime SELL for targets of 5515, 5497 and 5378 SL 5551
Strong Nifty Support @ 5535
The markets may be choppy but there maybe strong global backing from international markets due to the consensus and agreements on Greek Bailout !
Thursday, 21 July 2011
SBIN - Technicals & Intraday - SELL !!
Lets take a look at one of the largest public banks in India which now is downgraded to a SELL SELL SELL
The stock traded a high of 2960 on April 25th and hit rock bottom on May 25th touching 2167.
It makes its way back up retracing 23.6% (Fibo Magic) and hits a double bottom on the 20th of June hitting 2120 this time ! The stock had discarded almost 30% of its value in 2 months.
The stock has now retraced back to its 50% levles ({H 2960 +L 2120}/2 = 2540) and yesterday hit a high of 2528 but lost steam and closed at 2471.
Stochastics and CCI Indicators had generated a SELL signal at 2475 levels on the 8th July but we did not have a candlestick confirmation. The stochastics and CCI indicators have yet again generated a sell signal and now we have a Dark Cloud Cover Candlestick indication that the bubble is now about to bust !
We are definitely taking an intra-day SHORT on this one @ 2480-90 levels. Lows for the day could hit 2440 if Volumes kick in !
50% Retracement level from Low of 2120 and High of 2528 kicks into effect @2324
Please keep in mind that the FII's may start dumping stocks as the RBI reviews its policy on the 26th of July and most analysts do expect a hike of 25-50 bps.
Happy Trading
The stock traded a high of 2960 on April 25th and hit rock bottom on May 25th touching 2167.
It makes its way back up retracing 23.6% (Fibo Magic) and hits a double bottom on the 20th of June hitting 2120 this time ! The stock had discarded almost 30% of its value in 2 months.
The stock has now retraced back to its 50% levles ({H 2960 +L 2120}/2 = 2540) and yesterday hit a high of 2528 but lost steam and closed at 2471.
Stochastics and CCI Indicators had generated a SELL signal at 2475 levels on the 8th July but we did not have a candlestick confirmation. The stochastics and CCI indicators have yet again generated a sell signal and now we have a Dark Cloud Cover Candlestick indication that the bubble is now about to bust !
We are definitely taking an intra-day SHORT on this one @ 2480-90 levels. Lows for the day could hit 2440 if Volumes kick in !
50% Retracement level from Low of 2120 and High of 2528 kicks into effect @2324
Please keep in mind that the FII's may start dumping stocks as the RBI reviews its policy on the 26th of July and most analysts do expect a hike of 25-50 bps.
Happy Trading
Wednesday, 20 July 2011
Intraday Options Calll
Nifty is unable to go below 5620 -
Buy 5700 CE CMP 31.25 SL 27 TARGET 44 - 48
BUY AS PER YOUR APPETITE
Buy 5700 CE CMP 31.25 SL 27 TARGET 44 - 48
BUY AS PER YOUR APPETITE
Intraday Nifty July 20th
Today Nifty looks okay above 5599
If Nifty trades above 5625 - BUY with Targets of 5640, 5659 and 5669 SL 5605
However If Nifty trades below 5605 Sell Nifty for Targets of 5571, 5553 and 5329 : SL 5625
We are of the opinion that the markets may open flat and slip down after opening but may pick up steam and momentum during noon.
HDFCBank & SBIN are now in a highly overbrought zone and may see some selling from higher levels.
However RIL - ICICIBank & BHEL may remain Positive for the day !
Happy Trading
If Nifty trades above 5625 - BUY with Targets of 5640, 5659 and 5669 SL 5605
However If Nifty trades below 5605 Sell Nifty for Targets of 5571, 5553 and 5329 : SL 5625
We are of the opinion that the markets may open flat and slip down after opening but may pick up steam and momentum during noon.
HDFCBank & SBIN are now in a highly overbrought zone and may see some selling from higher levels.
However RIL - ICICIBank & BHEL may remain Positive for the day !
Happy Trading
Tuesday, 19 July 2011
Boozeday Tuesday
ALL TARGET IN NIFTY ACHIEVED BUY RECOMMENDED @ 5571 - TARGET ACHIEVED 5617
PROFIT Rs 50*46 / LOT INTRADAY !!
Intraday Nifty July 19th
Nifty today looks ok above 5571 - If Nifty trades above 5571 for more than 15 minutes
Buy for targets of 5592 , 5603 and 5617 STOPLOSS : 5556
If Nifty trades below 5565 SELL for Targets of 5534 , 5515 and 5490 STOPLOSS 5581
5535 is now a very important area as it is the 61.8 % Fibo retracement level from the high 5740 and low of 5196
The last support for the bulls is 5490, a close below 5535 would make it very easy for the bears to take out 5490. A close below this would completely change the game and give the bears an upper hand - New long term short positions can THEN be taken for targets of 5350 , 5200
Buy for targets of 5592 , 5603 and 5617 STOPLOSS : 5556
If Nifty trades below 5565 SELL for Targets of 5534 , 5515 and 5490 STOPLOSS 5581
5535 is now a very important area as it is the 61.8 % Fibo retracement level from the high 5740 and low of 5196
The last support for the bulls is 5490, a close below 5535 would make it very easy for the bears to take out 5490. A close below this would completely change the game and give the bears an upper hand - New long term short positions can THEN be taken for targets of 5350 , 5200
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