Nifty Technicals October 7th

Buy at / above: 4761   Targets: 4775.87 - 4793.16 - 4810.48 - 4827.83 Stoploss : 4743.76

Sell at / below: 4743.76   Targets: 4728.92 - 4711.74 - 4694.59 - 4677.47 Stoploss : 4761


Markets should be green and positive for most of the trading day !

Nifty Technicals October 3rd

The ECRI last week released a report last week on how at this stage a "Double Dip" recession for America was INEVITABLE . I consider the ECRI as a highly reliable and a very efficient  source of information. The report goes on the emphasze that now the government can do nothing to avoid this or stop it or fix it. The time to actually do anything about it has long come and gone. (LINK )


The Indian government has also announced it will borrow 53000 cr from the market during the second half of this fiscal year. Against the earlier targeted Rs 1,67,000 crore in October-March, the borrowing will be Rs 2,20,000 crore.( LINK )What does this mean ? This means that the interest rate hikes will continue. So high interest rates, tight liquidity and a slowdown. 


Buy above: 4952.64   Targets: 4967.76 - 4985.39 - 5003.05 - 5020.75 Stoploss : 4935.06

Sell below: 4935.06   Targets: 4919.97 - 4902.45 - 4884.95 - 4867.49 Stoploss : 4952.64

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