Trading Tips (For 30.4.2014)

1.Bank Of India CMP Rs.236.45 on 29.4.2014( call for the day)


Sell below 234.40  with a stop loss of Rs.236.75  for a target of Rs.226-224.


REMARKS:-Sell Call



2.Tata Steel CMP Rs.405.50 on 29.4.2014( call for the day)


Sell below 404  with a stop loss of Rs.407  for a target of Rs.393.


REMARKS:-Sell Call



3.Tata Power CompCMP Rs.80.90 on 29.4.2014( call for the day)


Sell below 80.30  with a stop loss of Rs.81.50  for a target of Rs.77.70 and then 74.40.


REMARKS:-Sell Call



4.State Bank Of India CMP Rs.2065.80 on 29.4.2014( call for the day)


Sell below 2060  with a stop loss of Rs.2068 for a target of Rs.2020/1998.


REMARKS:-Sell Call

      NOTE:-1.PRICE STATED HERE IS OF SPOT MARKET.

                  2.RECOMMENDATIONS ARE VALID TILL THE STOP LOSS IS TRIGGERED.

                  3.IN FAVORABLE TRADE TRAIL YOUR STOP-LOSSES FOR MAXIMUM GAIN AND CAPITAL   PROTECTION. 

 Contact me for strategic guidance to enter and exit the trade

Investment-Ideas(28.4.2014)

Jaypee Infratech CMP Rs.25 on 28.4.2014 (Invest for 1-2Years)


SUPPORT:-23.15 / 21.70 / 21.55 / 20 / 17.60.

RESISTANCE:-28.60 / 36 / 43.65 / 45.50 / 51.40.

The stock looks reasonably good  fundamentally and technically both . I feel that the stock has bottomed out between 17-19.Therefore I recommend investment  in the stock in a  staggered manner.For investor the genuine stop loss would be below 21.55  but be alert if it breaks 23.15 and  if it closes below 21 then  get out of the stock,to re enter again near 17.60  or when it crosses 23.35 again because stock has potential to give 50-75% return or may be more in 12-15 months .


REMARKS:-Invest  at least 25-35% of the  marked fund for the stock at current price and then put in rest of the fund in a phased manner.Kindly use support and resistance level for exit and target points

      NOTE:-1.PRICE STATED HERE IS OF SPOT MARKET.

                  2.RECOMMENDATIONS ARE VALID TILL THE STOP LOSS IS TRIGGERED.

                  3.IN FAVORABLE TRADE TRAIL YOUR STOP-LOSSES FOR MAXIMUM GAIN AND CAPITAL   PROTECTION. 

 Contact me for strategic guidance to enter and exit the trade

Investment Ideas For 1-2 Years(Date-27.4.2014)

1.Allahabad Bank CMP Rs.98.65 on 25.4.2014

The stock looks very promising fundamentally and technically both but it had been moving up for last 10 weeks after making bottom at 72.45 t,so it may correct from these level but I feel that the stock has bottomed out at 72.45.Therefore I recommend investment  in the stock in a  staggered manner.For investor the genuine stop loss would be below 72.45  but be alert if it breaks 94.50 and   closes below 90.30 then
get out of the stock,to re enter again near 72.45 or when it crosses 95.10 again because stock has potential to give 50-75% return or may be more in 12-15 months .


REMARKS:-Invest  at least 25-30% of the  marked fund for the stock at current price and then put in rest of the fund in a phased manner.


2.Andhra Bank CMP Rs.65.35 on 25.4.2014

The stock looks very good  fundamentally and technically both . I feel that the stock has bottomed out at 53.50.Therefore I recommend investment  in the stock in a  staggered manner.For investor the genuine stop loss would be below 53.50  but be alert if it breaks 62 and  if it closes below 57 then  get out of the stock,to re enter again near 53.50  or when it crosses 62.60 again because stock has potential to give 50-100% return or may be more in 12-15 months .


REMARKS:-Invest  at least 30-35% of the  marked fund for the stock at current price and then put in rest of the fund in a phased manner.


3.Dena Bank CMP Rs.63.20 on 25.4.2014


The stock looks good  fundamentally and technically both . I feel that the stock has bottomed out at 51.10.Therefore I recommend investment  in the stock in a  staggered manner.For investor the genuine stop loss would be below 51.10 but be alert if it breaks 60.75 and  if it closes below 56 then  get out of the stock,to re enter again near 51.10  or when it crosses 61 again because stock has potential to give 50-75% return or may be more in 12-15 months .


REMARKS:-Invest  at least 25-35% of the  marked fund for the stock at current price and then put in rest of the fund in a phased manner.

        Contact me for strategic guidance to enter and exit the trade

Trading Tips For Week Starting-28.4.2014

1. ACC LTD:- CMP-RS.1310.25 ON 25.4.2014 (POSITIONAL CALL)


SUPPORT:- 1250 / 1217.55


RESISTANCE:-1345 / 1369 / 1403


Some technical parameter are indicating exhaustion therefore sell  at current level with a stop loss of 1320 and on the rise near 1340 -60 with a stop loss of Rs.1370 for a down target of 1248 .Kindly note that if it breaks 1217 and stay below this then further sharp fall may be there.


REMARK:- Sell Call



2. BHARAT FORGE:-CMP-RS.416.85ON 25.4.2014 (POSITIONAL CALL)


SUPPORT:- 412 / 395 / 378


RESISTANCE:-432 / 438 / 449.

Sell below 412 only with a stop loss of Rs.419 for a target of Rs.384.50


REMARK:- Sell Call

     NOTE:-1.PRICE STATED HERE IS OF SPOT MARKET.

                 2.RECOMMENDATIONS ARE VALID TILL THE STOP LOSS IS TRIGGERED.

                 3.IN FAVORABLE TRADE TRAIL YOUR STOP-LOSSES FOR MAXIMUM GAIN AND CAPITAL   PROTECTION. 

 Contact me for strategic guidance to enter and exit the trade

Nasdaq Composite-An Overview(Article Date-26.4.2014)

 CLOSED AT :-4075.56 ON 25.4.14


SUPPORT:- 4052.14 / 3979.59 / 3968 / 3946 / 3911/ 3855

RESISTANCE:-4178 / 4186 / 4286.08 / 4371.71




In the intermediate down trend ,I was bearish in the index (see my article posted on 8.4.14)and am still bearish please ignore in between pull back rallies, until and unless it crosses 4178 mark and stays above this for a reasonable period of time  no significant up move will happen.However good support exist in the region of 3960-40 but if it maintains below 4111 for sometime then it will be a serious threat to the long term uptrend.



REMARKS:- In intermediate down trend  and some technical parameters are  indicating that it could break the level of 3791 / 3650 / 3589 in days to come,so avoid long call below 4111 for sure and only think of going long if it maintains above 4178.

     NOTE:-1.PRICE STATED HERE IS OF SPOT MARKET.

                 2.RECOMMENDATIONS ARE VALID TILL THE STOP LOSS IS TRIGGERED.

                 3.IN FAVORABLE TRADE TRAIL YOUR STOP-LOSSES FOR MAXIMUM GAIN AND CAPITAL   PROTECTION. 

 Contact me for strategic guidance to enter and exit the trade

DOW-An Overview(Article Date-26.4.2014)

CLOSED AT :-16361.46 ON 25.4.2014


Range for the week was 16565.71 - 16333.78


SUPPORT:-16191.79 / 16046.99 / 16015.32 / 16006.59 / 15703.79 / 15340.39.

RESISTANCE:-16505.70 / 16565.71 / 16588.25 / 16631.63.


Still in long term up trend but it closed near the lover range for the week on 25.4.2014 which exhibit weakness ,furthermore some other technical parameters are also showing sign of fatigue therefore this down move may last for few days.The strong support for the index  exists at 16,000 level and kindly note that if it breaks this point  and consistently stays below this then the on going up trend will be threatened.


REMARKS:- Although the trend is up but I am not very much enthusiastic about the strong up move from here until it crosses 16588.25 and stays above this for sometime till then broader range for the index would be 16000 - 16588.25.Take your call using support and resistance level.


 NOTE:-1.PRICE STATED HERE IS OF SPOT MARKET.

                    2.RECOMMENDATIONS ARE VALID TILL THE STOP LOSS IS TRIGGERED.

                   3.IN FAVORABLE TRADE TRAIL YOUR STOP-LOSSES FOR MAXIMUM GAIN AND CAPITAL PROTECTION. 

 Contact me for strategic guidance to enter and exit the trade

CNX-Auto Index-Overview 25.4.2014

CLOSED AT 5961.40 ON 25.4.2014


Range for the week was 6032.50 - 5899.20


SUPPORT :- 5788.85 / 5763.60

RESISTANCE:- 5977.95 / 6032.50 / 6115.45


The trend is up and index made a new high of 6032.50 on 22.4.2014.It has been moving up vertically for the 12th week in a row after making a bottom at 4858.10,therefore it looks highly vulnerable for a down correction and furthermore closing of index on 25.4.14 was weak and suggest that it may start down correction in the coming week,so avoid long call below 5946.45 and wait for the correction to complete and the take a long call using support and resistance level because the long term trend is up.Strong support is 5763.

REMARKS:-Trend is up but the closing on 25.4.14 suggest that technical down correction is in the offing,so avoid long call as of now and below 5846.45 for sure.

      NOTE:-1.PRICE STATED HERE IS OF SPOT MARKET.

                  2.RECOMMENDATIONS ARE VALID TILL THE STOP LOSS IS TRIGGERED.

                 3.IN FAVORABLE TRADE TRAIL YOUR STOP-LOSSES FOR MAXIMUM GAIN AND CAPITAL   PROTECTION. 

 Contact me for strategic guidance to enter and exit the trade

CNX Bank Index-Update (For week starting from

CNX Bank Index Closed at 13,034.50 on 25.4.14(Weekend)

 Range for the week was :-13,268.60- 12838.85



SUPPORT:- 12980 / 12891 / 12869.35 / 12802 / 12771 / 12703 / 12514.75  /12430.85

RESISTANCE:- 13055 / 13091 / 13122.10 / 13268.60 / 13303.60 / 13414.30 .


The weekend close of the index was in the mid range but the close was above the previous weeks high of 12,832.60 which is a good sign.Trend is up so one can buy on dip but please note that if it trades below 12957.90 on 28.4.14 then avoid long call for the day and below 12838.85 avoid long call for the week till it bounce back above these levels or buy near the critical support level of 12720-12703 with a stop loss of 12680.The on going up trend will only be threatened if it breaks 12514.75 & 12430.85 and stays below this,as of now there is no potential down threat for the index.

REMARKS:- Long term trend up,buy on dips use support and resistance level for targets and stop loss level.

      NOTE:-1.PRICE STATED HERE IS OF SPOT MARKET.

                  2.RECOMMENDATIONS ARE VALID TILL THE STOP LOSS IS TRIGGERED.

                  3.IN FAVORABLE TRADE TRAIL YOUR STOP-LOSSES FOR MAXIMUM GAIN AND CAPITAL   PROTECTION. 

 Contact me for strategic guidance to enter and exit the trade

Nifty Update--(For week starting from 28.4.2014)

Nifty Closed at 6782.25  on 25.4.2014


Range for the week was-6869.85 - 6772.85


Support :- 6767.50 / 6743.34 / 6730 / 6716 / 6704 / 6665.15 / 6650 / 6574 / 6540

Resistance:- 6792 / 6819.05 / 6868 / 6869.85 / 6917 / 6988 / 7197.


Nifty moved in the aforesaid range during the week and closed near the low point of the range on the weekend.The weekly and daily closing is not very enthusiastic and indicate that index could further correct downward from here but  the uptrend is still intact and index is expected to bounce  back from the range of 6730-6700 so as of now it is buy on dip market ,please note that if index goes below 6665 & 6650 and stays for 2-3 days  then it may begin  a short term down trend therefore the  genuine stop loss for the long trade should  be 6640 .Please use support and resistance level  as targets for either side .


REMARKS:-Long term uptrend is still intact, weekend close indicate that further correction in the offing but there is no threat to the on going up move until it breaks 6665 / 6650 and stays below that.So buy on dip with adequate stop loss and be extraordinarily alert in long trade below 6650.

      NOTE:-1.PRICE STATED HERE IS OF SPOT MARKET.

                  2.RECOMMENDATIONS ARE VALID TILL THE STOP LOSS IS TRIGGERED.

                  3.IN FAVORABLE TRADE TRAIL YOUR STOP-LOSSES FOR MAXIMUM GAIN AND CAPITAL  PROTECTION. 

 Contact me for strategic guidance to enter and exit the trade

Trading Tips for the Week Starting-21.4.2014

1. A C C LTD;-CMP RS.1358.35 ON 17.4.14

Range for the week is :-1397-1318.10

SUPPORT :-1336.50 / 1318.10 / 1250 / 1217.55
RESISTANCE- 1403 / 1407 / 1421.75 / 1454


Watch the market for 20 minutes and see that if the stock does not cross 1371 then one can sell at the current level  with a stop loss of 1375 or sell near 1400 level with a stop-loss of 1410 for the aforesaid targets.(See support level)


REMARKS:- Trend is up but looking at some technical parameter sell call  given.


2.DR REDDYS LAB :-CMP RS.2552.20 ON 17.4.14

Range for the week is :-2570 -2522.55

SUPPORT :-2520 / 2516.55 / 2460
RESISTANCE-  2587 / 2608 / 2640 / 2680

 After making a top of 2939.40 on 28.2.2014 it has corrected downward sharply and now a pull back is expected in the stock,so one can go long at current level with a stop loss of 2540 for the above targets(see resistance level)

REMARKS:- In short term down trend, long term trend is o.k as of now but if the stock does not go above 2587  and break 2516  level and stays below that then the long term trend will be threatened.Suggesting long call  to play pull back rally.

NOTE:-1.PRICE STATED HERE IS OF SPOT MARKET.

  2.RECOMMENDATIONS ARE VALID TILL THE STOP LOSS IS TRIGGERED.

  3.IN FAVORABLE TRADE TRAIL YOUR STOP-LOSSES FOR MAXIMUM GAIN AND CAPITAL PROTECTION. 

Contact me for strategic guidance to enter and exit the trade

Technical Overview of the Stock Market(20.4.2014)

The Nifty and other major indices sector wise to name a few such as CNX Bank Index / CNX Auto / CNX Pharma / CNX Service / CNX MNC / CNX Finance / CNX IT Index  are either running near the all time high level or in the process of making new high or in some case after making new high just went into correction mode. Although the trend is up and one cannot deny the fact that the market is in great momentum but this is also true that this momentum can be broken in 2-3 down session because some technical parameters have started showing signs of weakness and may disturb the on going up move in time to come,so keep this thing in the back of your mind and trade cautiously and not fearlessly specially in long trades and follow the stop-losses religiously .


 Contact me for strategic guidance to enter and exit the trade

CNX-Auto Index (Overview for Week Starting-21.4.2014)

CLOSED AT 5915.30 ON 17.4.2014

 The index has completed 11 weeks of rise on trot , furthermore it has made lower bottoms on the line and bar charts at 5811.05 / 5784.50 and 5788.85 / 5763.60 respectively, therefore it is looking highly vulnerable for a down  correction. One should be very careful in the long position of the stocks which comprises index. The bias is up but the traders are advised to take long call only if it crosses 5977.95 and stays above  this with a stop-loss of 5950 but aggressive  and contrarian traders can try a short call near 5960-70 with a stop loss 5990.The support and resistance level of the index are given here under.

SUPPORT:-5788.85 / 5763.60 / 5714 / 5680

RESISTANCE:-5920.75 / 5977.95 / 6115 / 6225

REMARKS:- Trend is up but one technical parameter is showing sign of weakness, therefore long call should be avoided at current level and  can only be taken if it stays above 5977.95.In fact one can try short call near the above suggested level with the adequate stop-loss.

                 NOTE:-1.PRICE STATED HERE IS OF SPOT MARKET.

                  2.RECOMMENDATIONS ARE VALID TILL THE STOP LOSS IS TRIGGERED.

                  3.IN FAVORABLE TRADE TRAIL YOUR STOP-LOSSES FOR MAXIMUM GAIN AND CAPITAL PROTECTION. 

Contact me for strategic guidance to enter and exit the trade

Nifty Update-(For week Starting From 21.4.2014)

NIFTY CLOSED AT :- 6779.40 ON 17.4.2014

The range of  nifty for the coming week is 6813.40 – 6665.15.40 .Break on either side will take it up or down but it is still looking good for up move.The support and resistance for nifty are given here under :-

SUPPORT:- 6730 / 6704/ 6665.15 / 6650 /  6550

RESISTANCE :- 6796.40 / 6813.40 / 6819.05 / 6868 / 6917 / 6988 / 7057 / 7197.

It did close below 6694.35 but did not break 6650 downward therefore it staged a smart up rally on 17.4.14 and closed near the up range of the week. The bias in index is for long trade, one can take a long call with a stop loss of 6725.Please note that if it closes above 6796.40  and then crosses 6819.05 and stays above that it will gain further strength and similarly if it breaks 6704 and stays below that it will show weakness .Since the index is volatile and in great momentum and swings both way  during the day ,therefore  trade cautiously .

REMARKS:- The trend is up but it is in an overbought zone and one technical parameter is showing  sign of weakness but as of  now there is no potential threat of nifty going down .Please note that if nifty closes below 6675.30 and then breaks 6665.15 and 6650  and stays below that then it will be a great threat to the short term up trend. Kindly have a balanced approach in the market when you trade and be flexible in switching side with market movement. Please follow stop-losses  religiously .

NOTE:-1.PRICE STATED HERE IS OF SPOT MARKET.

          2.RECOMMENDATIONS ARE VALID TILL THE STOP LOSS IS TRIGGERED.

          3.IN FAVORABLE TRADE TRAIL YOUR STOP-LOSSES FOR MAXIMUM GAIN AND CAPITAL PROTECTION. 

 Contact me for strategic guidance to enter and exit the trade

CNX Bank Index-Update For the Week Starting from-21.4.2014

CLOSED AT :- 12,787=25 ON 17.4.2014

The reference range for the coming week is 12,831.60- 12,514.75,

Since the index closed near the higher side of the range it is expected to go up I would  suggest to take long call at current level with a stop loss of 12,740 or above 12,831.60 or 12,869.35 with a stop loss of 12,770 and 12,810.The index is  highly volatile , in momentum and swings both ways during the day therefore one should be very careful in the trade position. The supports and resistances for the Index are given here under:-

SUPPORT:- 12,771 / 12,742 / 12,514.75 / 12,430.85 /  12,307.70 / 11,989.95 /

11867.15.

RESISTANCE:- 12,806 / 12,831.60 / 12,869.35 / 12,950 /  13,055 / 13,303.60 /

13,414.30

Please note that if it closes above 12,949.40 and then crosses 13,055 and stay above this then it will gain further strength similarly if it closes below 12,563.15 and 12,551.70 and then breaks 12,514 and 12,430 and stays below this then index could break 12,000 level. Since the market swings both ways during the day therefore one can try both long and short position near respective support and resistance level with adequate stop-losses.

REMARKS:-Trend is up therefore the bias is on for long trade but please note that one technical indicator is showing weakness so be vigilant in long  trade . Kindly have a balanced approach in the market when you trade and be flexible in switching side with market movement. Please follow  the stop-losses religiously .

NOTE:-1.PRICE STATED HERE IS OF SPOT MARKET.

                 2.RECOMMENDATIONS ARE VALID TILL THE STOP LOSS IS TRIGGERED.

                 3.IN FAVORABLE TRADE TRAIL YOUR STOP-LOSSES FOR MAXIMUM GAIN AND CAPITAL   PROTECTION. 

  Contact me for strategic guidance to enter and exit the trade

Nifty For-17.4.2014

NIFTY CLOSED AT 6675.30 ON 16.4.2014

Since nifty closed below 6694.35 today ,therefore keep a strict watch on the level of 6650 if it breaks this and stays below then it will be the first sign of short term down trend .The next important support level then would be 6555


REMARKS:- Long term trend is still up but one technical parameter is showing sign of weakness and indicating that nifty could break the level of 6483 but the technical indicator should not be seen in isolation so  watch whether nifty breaks 6650 level or not if it does and stays below that then surely it can breaks the said level.So avoid long trade below 6650.

NOTE:-1.PRICE STATED HERE IS OF SPOT MARKET.

          2.RECOMMENDATIONS ARE VALID TILL THE STOP LOSS IS TRIGGERED.

          3.IN FAVORABLE TRADE TRAIL YOUR STOP-LOSSES FOR MAXIMUM GAIN AND CAPITAL PROTECTION. 

 Contact me for strategic guidance to enter and exit the trade

Trading Ideas (For Week Starting from-14.4.2014)

1.  ADITYA  BIRLA  NUVO Closing Price on 11.4.14 Rs1150

Range for the week is :- 1162.75 -- 1060

SUPPORT:- 1130 / 1104 / 1062 / 1045 / 1032.

RESISTANCE:- 1163 / 1194 / 1228 / 1284 / 1291.

Since the stock has closed near the upper end of the range,so it is expected that the up move would continue.The following trading option are available in this stock.

(A) Go long in the stock only if it crosses 1162.75 and stays above this with a stop loss of Rs.1158 or near Rs.1135 with a stop loss of  Rs.1129 for the aforesaid targets(see  resistance points)

(B) Aggressive and  contrarian  trader can try short position near 1160  with a strict stop-loss of Rs.1165/
      for the aforesaid targets(see  support  points)

REMARKS:-Bias in the stock is up but the trader should take trading call after watching the market for some time and looking at the aforesaid levels.

2.AMBUJA  CEMENTS Closing Price on 11.4.14 Rs 217.20

Range for the week is :- 217.80 -- 210

SUPPORT:- 212.50 / 202 / 182

RESISTANCE:- 217.80 / 223 / 250 / 270.

Since the stock has closed near the upper end of the range,so it is expected that the up move would continue.One can go long in the stock above Rs.217.80 only with a stop loss of Rs.215.50 for a target of Rs.223 and if it crosses it and stays above  it then it can go upto Rs.250/270.

REMARKS :-Bias is up .


3.BANK OF BARODA  Closing Price on 11.4.14 Rs,777.85

Range for the week is :- 798.10 -- 739 

SUPPORT:-739 / 731 / 689.

RESISTANCE:- 798.10 / 809

One can try selling the stock below 771.75 with a stop loss of Rs.778.50 for a target of Rs.739 / 731.

REMARKS:-Trend is o.k but may give down correction from here,therefore the sell call


4.BHARAT  FORGE Closing Price on 11.4.14 Rs,438.15

Range for the week is :- 449 -- 422.30

SUPPORT:-422 / 416 / 395 / 378.25

RESISTANCE:- 445.85 / 449

One can try short call at current rate or near 445 with a stop-loss of Rs.449.50 for a target of Rs.422 / 416.

REMARKS:-Trend is up but may give down correction from here,therefore the sell call.


5.HCL TECH  Closing Price on 11.4.14 Rs,1400.65

Range for the week is :- 1411.70 -- 1335

SUPPORT:-1371 / 1364 / 1335 / 1234

RESISTANCE:- 1441 / 1457 / 1471 / 1522 / 1590

Since the stock has closed near the upper end of the range,so it is expected that the up move would continue.One can go long in the stock at current rate with a stop loss of Rs.1390 for a target of Rs.1441 / 1457 / 1471 / 1522.

REMARKS :-The stock is in down correction but a up rally is expected from here.


6.HERO MOTOR CORP Closing Price on 11.4.14 Rs,2174.05

Range for the week is :- 2254.40 -- 2164.70

SUPPORT:-2150 / 2104 / 2060 / 2005

RESISTANCE:- 2209 / 2254 / 2300.

The stock is showing weakness of price movement because it has closed the week near the lower end of the range.One can try short call in the stock below 2164 with a stop loss of Rs.2176 for the aforesaid targets.

(see  support  points).

REMARKS:-Trend is up but may give down correction from here,therefore the sell call.

7.INDUSIND BANK Closing Price on 11.4.14 Rs,490.15

Range for the week is :- 520.50 -- 488.31

SUPPORT:-468 / 456 / 445 / 427

RESISTANCE:- 510 / 520.50

The stock is showing weakness of price movement because it has closed the week near the lower end of the range.One can try short call in the stock below 488 with a stop loss of Rs.492 for the aforesaid targets.

(see  support  points).

REMARKS:-Trend is up but may give down correction from here,therefore the sell call.


8.ICICI BANKClosing Price on 11.4.14 Rs,1236.05


Range for the week is :- 1269.85  -- 1202.40

SUPPORT:-1202 / 1191 / 1188 / 1182

RESISTANCE:- 1241.50 / 1269.85 / 1276

One can try short call at current  with a stop-loss of Rs.1245 for a target of Rs.1226 / 1202 / 1191 / 1188 / 1182.

REMARKS:-Trend is up but may give down correction from here,therefore the sell call.


9.TATA MORS Closing Price on 11.4.14 Rs,423.60

Range for the week is :- 437.80 -- 400.85 

SUPPORT:-414 / 410 / 400.85.

RESISTANCE:- 437.80

One can try selling the stock below 422 with a stop loss of Rs.425 for a target of Rs.414 / 410 / 400.85

REMARKS:-Trend is up but may give down correction from here,therefore the sell call.


10.TATA STEEL Closing Price on 11.4.14 Rs,419.85


Range for the week is :- 424.80 -- 398.20

SUPPORT:- 411 / 402 / 398 / 393.75

RESISTANCE:- 425 / 435.50 / 448 / 455.60

Since the stock has closed near the upper end of the range,so it is expected that the up move would continue.The following trading option are available in this stock.

(A) Go long in the stock only if it crosses 425 and stays above this with a stop loss of Rs.423 for the aforesaid targets(see  resistance points)

(B) Aggressive and  contrarian  trader can try short position near 424 with a strict stop-loss of Rs.427 or sell below 411 with a stop loss of 413  for the aforesaid targets(see  support  points)

REMARKS:-Trend in the stock is up but the trader should take trading call after watching the market for some time and looking at the aforesaid levels.In my view range between 424.80-411 is a no trade zone,trade only if it breaks either 425 mark upward or 411 mark downward or as per above available option.

                                    DO NOT TRADE WITHOUT STOP-LOSSES

NOTE:-1.PRICE STATED HERE IS OF SPOT MARKET.

          2.RECOMMENDATIONS ARE VALID TILL THE STOP LOSS IS TRIGGERED.

          3.IN FAVORABLE TRADE TRAIL YOUR STOP-LOSSES FOR MAXIMUM GAIN AND CAPITAL PROTECTION. 

 Contact me for strategic guidance to enter and exit the trade

Dow-Update(For Week Starting from-14.4.2014)

CLOSED AT 16,026.75  ON 11.4.2014

Dow moved exactly the way I anticipated (see my article Dow looks heavy at top,posted on 6.4.2014).

The range of Dow for the week starting from 14.4.14 is- 16,456,12-16,015.32 

It made a recent top at 16,631.63 on 4.4.2014 and thereafter went down by 600 points this week and closed at the lower end of the range ,so if it breaks the lower end of 16,015.32 then it could go down further   and the possible point from where it could stage a pull back rally are 15,986 / 15,833 / 15,7036 / 15,663 /  but If it goes below 15663 and stays for 3-4 days then it could go in for further deep down correction.The on going uptrend will remain o.k  If it stays above 16,050.The support and resistance for index are given here under:

SUPPORT:-16,006.59 / 15,845 / 15,340 / 14,760 .

RESISTANCE:- 16,046.99 / 16,370 / 16,460 / 16,588.25 / 16,631.63.


REMARKS:- The trend is up but at present in down correction mode.Some technical parameters are showing sign of weakness so there is a distinct possibility that if it does not maintain staying above 16,050
then this on going down correction may turn into short term downtrend ,therefore the long position should be avoided till the correction is over.Please follow stop-losses religiously  when you trade. 

Nikkei 225 Index Outlook Extremely Weak.

CLOSED AT :-13.960..05 ON 11.4.2014

The index made a recent high of 15,164.39 on 3.4.2014 and thereafter going down with gaps and in 6 trading days it went down by more than 1200 points,which shows gross weakness in it.The supports and resistances for the index are given here under:-

SUPPORT:-13,885.11 / 13748.94 / 13,595 / 13,188.14 / 12,415.85 / 11,805.78.


RESISTANCE:-  14,203.21 / 14,259 / 14,605 / 14,764 /

Since the index is falling with down gaps it may stage a pull back rally any time so follow the index movement  with the aforesaid support and resistance level.The index will get further weak if it breaks 13,590.Kindly note that some technical parameters are giving weak signal and suggest that in may break the level of 13,388.86 .

REMARKS:-  Index looking extremely weak ,can stage a pull back rally  from the level of 13,907.45 or 13,392 if it stays below 13,392 for 3-4 days then it could come down to 12,400 level..Outlook for the Index is bearish.

Trading and Investment Idea(April-14/Article-3)

BANK OF MAHARASTRA:-CMP Rs.39.10


The stock seems good for trading as well as for investment for a time period of  6-18 months.The supports and resistances for the stock are given here under:-

SUPPORT:- 37.50 / 35.70 / 29

RESISTANCE:- 41 / 42.95 / 46.40 / 58.60 / 62 / 66.20

FOR TRADING:-Buy now at current rate with a stop loss of below  Rs.37.50 for a target of  41 / 42.95 / 46.40 ,for 8-10 trading days


FOR INVESTMENT:- Invest at current rate but be alert if it breaks Rs.34 and get out of the stock if it closes below Rs.29/ .The stock is not expected to break even Rs.34 and can fetch you handsome return and may get double from the present level.

REMARKS:-  Good Investment

NOTE:-1.PRICE STATED HERE IS OF SPOT MARKET.

          2.RECOMMENDATIONS ARE VALID TILL THE STOP LOSS IS TRIGGERED.

          3.IN FAVORABLE TRADE TRAIL YOUR STOP-LOSSES FOR MAXIMUM GAIN AND CAPITAL PROTECTION. 

 Contact me for strategic guidance to enter and exit the trade

CNX Bank Index-Update For the Week Starting from-14.4.2014

CLOSED AT :- 12840.20 ON 11.4.2014

The range for the coming week is 13,055- 12,430, trend is up but it is highly volatile , in momentum and swings both ways during the day therefore one should be very careful in the trade position. The supports and resistances for the Index are given here under:-

SUPPORT:- 12,806.15 / 12,742.05 / 12,551.70 / 12,308 / 11,989.95 / 11867.15.

RESISTANCE:- 12,869.35 / 12,908 / 12,960 / 13,055 / 13,303.60 / 13,414.30

Please note that if it closes above 12,949.40 and then crosses 13,055 and stay above this then it will gain further strength similarly if it closes below 12,551.70 and 12,506.45 and then breaks 12,430 and stays below this then index could break 12,000 level. Since the market swings both ways during the day therefore one can try both long and short position near respective support and resistance level with adequate stop-losses.

REMARKS:-Trend is up therefore the bias is on upside but please note that one technical indicator is showing weakness so be vigilant in long  trade . Kindly have a balanced approach in the market when you trade and be flexible in switching side with market movement. Please follow  the stop-losses religiously .

NOTE:-1.PRICE STATED HERE IS OF SPOT MARKET.

            2.RECOMMENDATIONS ARE VALID TILL THE STOP LOSS IS TRIGGERED.

          3.IN FAVORABLE TRADE TRAIL YOUR STOP-LOSSES FOR MAXIMUM GAIN AND CAPITAL PROTECTION. 

  Contact me for strategic guidance to enter and exit the trade

Nifty Update-(For week Starting From 14.4.2014)

NIFTY CLOSED AT :- 6776.30 ON 11.4.2014

The range of  nifty for the coming week is 6819.05 - 6650.40 .It is still looking good.The support and resistance for nifty are given here under :-

SUPPORT:- 6730 / 6704/ 6650 / 6540

RESISTANCE :-6776.75 / 6796.40 / 6819.05 / 6868 / 6917 / 6988 / 7057 / 7197.

Trade with  stop-loss based on aforesaid support and resistance level.Please note that if it closes above 6796.40  and then crosses 6819.05 and stays above that it will gain further strength and similarly if it breaks 6704 and stays below that it will show weakness .Since the index is volatile and in great momentum and swings both way  during the day,therefore  trade cautiously .

REMARKS:- It is in an overbought zone and one technical parameter is showing  sign of weakness but as of  now there is no potential threat of nifty going down .Please note that if nifty closes below 6694.35 and then breaks 6650  and stays below that then it will be a great threat to the short term up trend.Kindly have a balanced approach in the market when you trade and be flexible in switching side with market movement. Please follow stop-losses religiously .

NOTE:-1.PRICE STATED HERE IS OF SPOT MARKET.

            2.RECOMMENDATIONS ARE VALID TILL THE STOP LOSS IS TRIGGERED.

            3.IN FAVORABLE TRADE TRAIL YOUR STOP-LOSSES FOR MAXIMUM GAIN                AND CAPITAL PROTECTION. 

 Contact me for strategic guidance to enter and exit the trade

Invest In Equities for 1-2Years For good Gains(April-14/Article-3)

UNITED BANK OF INDIA:-CMP Rs.32.50

After the bank posted bad financial result the stock went down sharply and made a low of Rs.23.45 on 21.2.2014 ,it had made an all time high of Rs.150 on 26.10.2010. Technically it seem that it is in the process of bottoming out or may have bottomed out already,so one can start investing  the marked fund for the stock in the staggered manner and get concerned only if it breaks Rs.23.45 and stays below that.

REMARKS:-  The Bank is here to stay and not going to vanish ,because of bad financial result the stock is available at this rate.The turnaround in financial  performance is going to happen in near future.Therefore I feel that one should invest in the stock to fetch good returns in future.Kindly note that the stock may not move -up fast so have patience.

NOTE:-1.PRICE STATED HERE IS OF SPOT MARKET.

           2.RECOMMENDATIONS ARE VALID TILL THE STOP LOSS IS TRIGGERED.

           3.IN FAVORABLE TRADE TRAIL YOUR STOP-LOSSES FOR MAXIMUM GAIN                AND CAPITAL PROTECTION. 

 Contact me for strategic guidance to enter and exit the trade

CNX Bank Index-Update-10.4.2014

Index on 10.4.2014  12,949.40

The index is in great momentum and I feel that down correction is over therefore going up it will find resistance  at 13,150 / 13,303.60 / 13,414.30 and the support level exist at 12,869.35 / 12,806 / 12742 /


REMARKS;- The index has huge volatility and has gone up by around 600 points in four trading days so it may consolidate here or may give minor correction also and  then may continue the up move,so one can wait for a long call now but those who are aggressive trader and want to go long now should have stop-loss of  12,850.Please note that do not remain long below 12,430 in any case.

NOTE:-1.PRICE STATED HERE IS OF SPOT MARKET.

            2.RECOMMENDATIONS ARE VALID TILL THE STOP LOSS IS TRIGGERED.

            3.IN FAVORABLE TRADE TRAIL YOUR STOP-LOSSES FOR MAXIMUM GAIN                AND CAPITAL PROTECTION. 

 Contact me for strategic guidance to enter and exit the trade

Monnet Ispat has Great Rising Potential(Time 6-12 Months)

CMP Rs.93.25 on 10.4.2014

Stock has reasonably good fundamental and it is improving technically also but may take some time,I feel that stock has bottom out for sure because after making a bottom at 58.30 on 18.3.2014 it is making higher top and bottom  with reasonably good volumes.The stock is available cheap.

REMARKS:- One can invest at current level but kindly note that if it goes below Rs.89 then get alerted and finally if it goes below Rs.82 and stays then  please get out of the stock
.

NOTE:-1.PRICE STATED HERE IS OF SPOT MARKET.

           2.RECOMMENDATIONS ARE VALID TILL THE STOP LOSS IS TRIGGERED.

           3.IN FAVORABLE TRADE TRAIL YOUR STOP-LOSSES FOR MAXIMUM GAIN                AND CAPITAL PROTECTION. 

 Contact me for strategic guidance to enter and exit the trade

Trading Ideas For-10.4.2014

ACC LTD:-CMP RS.1373.15 ON 9.4.2014

Sell below Rs.1366/ with a stop loss of Rs.1374/ for a target of Rs.1345-1336.

BHEL:- CMP RS.181.60 ON 9.4.2014

Try going long at current level or near 177-178 with a stop-loss of Rs.175/ for a target of 189 / 192 / 196 /

HCL TECH:-CMP RS.1380.25 ON 9.4.2014

In down correction  but near multi bottom support area of Rs.1364,so there are two trading option- please select your option  after market opens and seeing the movement of the stock.

1.Go long at current level or near 1364 with a stop-loss of Rs.1360 for a target of 1412 / 1423 / 1440.
2.Go short below Rs.1364/ with a stop-loss of Rs.1370 for a target of Rs.1270 / 1230

INFOSYS LTD:-CMP RS.3254.55

Trend is down  but near strong support area of Rs.3215,so there are two trading option- please select your option  after market opens and seeing the movement of the stock.

1.Go long at current level or near 3220-25 with a stop-loss of Rs.3200 for a target of 3314.
2.Go short below Rs.3215 with a stop-loss of Rs.3220 for a target of Rs.3140 / 3025

 Contact me for strategic guidance to enter and exit the trade

Nifty Update -9.4.2014

Nifty gave a robust move today and surpassed its previous high  of 6776.75  made on 3.4.2014, today it made a high of 6808.70 and closed at 6796.20 this indicates that down correction is over and it has resumed the up move again,going up it will find resistance at 6868 / 6917 / 6952 / 6988 / 7057 /7197.

REMARKS:-  One can go long in nifty with a closing stop-loss of  below 6730  for the above stated targets but for the positional trades the real stop-loss would be closing below 6650.Market is in great momentum and volatile, so trade carefully and cautiously.Kindly follow stop-losses religiously.

NOTE:-1.PRICE STATED HERE IS OF SPOT MARKET.

            2.RECOMMENDATIONS ARE VALID TILL THE STOP LOSS IS TRIGGERED.

            3.IN FAVORABLE TRADE TRAIL YOUR STOP-LOSSES FOR MAXIMUM GAIN                        AND CAPITAL PROTECTION. 

 Contact me for strategic guidance to enter and exit the trade

Invest in Equities For 1-2Year For Handsome Gains(April-14/Article-2

SINTEX  INDUSTRIES:-CMP Rs.44.35

Looks very promising  stock fundamentally and technically both  at current price ,one can start to invest the  marked fund for the stock in a   staggered  manner. Please note that it had made a bottom at Rs.30.75  on 5.2.2014 and run up to make recent high at Rs.45.50 on  2.4.14,so it may correct downward from the present level .Kindly keep this in mind that if it breaks Rs.34

and stays below that then one has to get out of the stock for sure.

REMARKS:- Stock has potential to appreciate by 100% from the present level ,so do not get disturbed by the in between down correction ,buy on dips .Once again I reiterate that if stock closes below Rs. 34/ and stays for 3-4 days then get out of the stock for sure and protect your capital.

NOTE:-1.PRICE STATED HERE IS OF SPOT MARKET.

          2.RECOMMENDATIONS ARE VALID TILL THE STOP LOSS IS TRIGGERED.

          3.IN FAVORABLE TRADE TRAIL YOUR STOP-LOSSES FOR MAXIMUM GAIN 

             AND CAPITAL PROTECTION   

 Contact me for strategic guidance to enter and exit the trade