NIFTY - Followup of Last Week
On expected lines Nifty touched 6200 our target of the parallel channel. So the second remark of last week has met its target now lets wait what Fibonacci does to Nifty. All in All the week moved on expected lines.
NIFTY - Week ahead
The prediction of weeks when markets get tired is the most difficult. Nifty just had a wonderful rise, NOW WILL IT REST AT CURRENT LEVELS or FALL ??????
Lets not predict Nifty this week, rather lets find trade-able levels or points which can confirm a short term bear move.
The level of 6060 will hold support though in my view i find 5950 a better level where nifty can react to and rest in the zone of 5950 - 6150. On the upper side if Nifty breaches 6225 then only i would go long on Nifty.
On expected lines Nifty touched 6200 our target of the parallel channel. So the second remark of last week has met its target now lets wait what Fibonacci does to Nifty. All in All the week moved on expected lines.
NIFTY - Week ahead
Lets not predict Nifty this week, rather lets find trade-able levels or points which can confirm a short term bear move.
The level of 6060 will hold support though in my view i find 5950 a better level where nifty can react to and rest in the zone of 5950 - 6150. On the upper side if Nifty breaches 6225 then only i would go long on Nifty.
My heart is bullish but my mind is bearish. My heart explains the rest will be over soon and Nifty will take a momentum move towards 6400. My mind says that all indications are bearish then how will the bull move even occur. Let me put the fight between my heart and mind to rest and trade bearish only below 6060 and bullish only above 6225.............. and with this analysis the entire broker community will issue warning against me. This week seems to be a STAY OUT week, go watch a movie, plan a trip (stay out means no trading no brokerage). The market between 5950 - 6225 will only take money from us. Let me not dishearten all of you..... Scrip level action will still prevail
VERDICT
If You are a Bull : Breach of 6225 is entry signal for you
If You are a Bear : High risk low profit shorts can be build below 6060 with target of 5950
NIFTY STOCKS TO WATCH
Next week onwards I will also cover some intresting candlesticks setups which we can profit from. after reading a book of steve nison, I got to learn candlestick in great details. And best of all we can use candlestick patterns for clearcut trades. This is the link incase u would like to read Beyond Candlesticks: New Japanese Charting Techniques Revealed
Our Trades : http://bit.ly/dwF0SS
You are welcome to post your comments on each trade that i take based on the above newsletter and do not forget to rate me and follow my trades.
Happy Trading .........................
VERDICT
If You are a Bull : Breach of 6225 is entry signal for you
If You are a Bear : High risk low profit shorts can be build below 6060 with target of 5950
NIFTY STOCKS TO WATCH
Reliance - We are long in Reliance @ 1020 with revised SL of 1025 and target of 1100. This scrip might pick up steam
ONGC - We are short on ONGC with a revised SL of 1410 for a target of 1335
SBIN - We will revise our SL in SBIN to 3210
TCS - The bullishness is getting over will remain under pressure this week can touch 920. fresh longs above 970 only
Infosys - Trading in the upper range of the breakout We will revise the SL to 3030 for the long entered at 3065
NTPC - No clear position again this week also. It is retracing it self, wait for the culmination and then take action
HindLever - similar to NTPC wait for the fall to arrest and then enter again
INTERESTING DATA (a technical analyst giving fundamental data might seem to be a irony, but friends for me all this data can be plotted as a chart and i am reading the same)
No major changes witnessed to share in this weeks newsletter
No major changes witnessed to share in this weeks newsletter
TRADING SETUPS - HVR/NR4-I
This section will cover lists of various technical setups under formations and levels where action can be taken. These are time tested and profitable systems which Technical analysts have been using for the last hundreds of years| Scrip | High | Low |
| MUNDRA PORT SEZ LTD | 184.5 | 180.4 |
| OIL COUNTRY TUBULAR LTD | 110.9 | 109 |
| EMPEE DISTI. LTD. | 145.6 | 142.8 |
| GOLDEN TOBACCO LIMITED | 101.3 | 99.6 |
| 3M INDIA LIMITED | 3929 | 3900 |
| AJANTA PHARMA LIMITED | 244 | 237.5 |
| SHYAM TELECOM LIMITED | 70.2 | 68.25 |
| TRANS RECTI. LTD | 397.9 | 390.3 |
| AARTI DRUGS LTD. | 142.4 | 139.3 |
| GATEWAY DISTRIPARKS LTD. | 120.75 | 118.2 |
| GAMMON INDIA LTD | 213.85 | 210.25 |
| GODAWARI POWISP LTD | 217.9 | 213.25 |
| IFB INDUSTRIES LTD | 169.75 | 164 |
| SUTLEJ TEXT INDUS LTD | 262.9 | 257.25 |
| WYETH LTD. | 823.5 | 810 |
| GRANULES INDIA LIMITED | 106.8 | 103 |
| RELIANCE COMMUNICATIONS L | 183.85 | 178.2 |
| ESS DEE ALUM LTD | 503 | 496 |
You are welcome to post your comments on each trade that i take based on the above newsletter and do not forget to rate me and follow my trades.
Looking for tips Intraday or Positional calls, from highly rated and a huge group of successful analysts. click here to enjoy a full month of FREE TRIAL, incase you like them the per month cost is as low as Rs 333 per month click here http://bit.ly/doRRRw
Happy Trading .........................
"When you are in light, everything will follow you. But when you enter dark, even your shadow will not follow you THIS IS LIFE .......... Hitler
1 comment:
Empee Distl gave a freak trade at 146 and our automated system bought the scrip and by the end of the day the SL also got triggered. I bringing forward this example for you because i want everyone to understand that while trading markets mishaps happen but instead of loving the trade you should be out of it. http://bit.ly/csJknG
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