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