Nifty—Technical Overview For 13-6-14

Nifty closed at 7649.90 on 12-6-2014

Nifty closed just near the previous closing top of 7656.40 made on 10.6.2014, had it crossed it then it could have been assumed that the correction on closing basis is over for now but closing just below the top shows indecisiveness .Nifty has to close above 7656.40 mark to indicate that the up move is on or if it  closes below  7621 then it could trigger reasonable down correction. However the support of 7563 hold good for the month of June-2014 and the deeper correction can only set in if it stays below this mark.   

REMARK:- Nifty  close seems indecisive today  therefore, I suggest to avoid trade in nifty on 13-6-2014.

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Trading Calls For-13-6-14

Nifty Technical Overview For 12-6-2014

Nifty Closed At 7626.85 on 11-6-2014.


Nifty gave down correction today on closing basis  but it is still above the important point of 7621 for the week,so if it trades below 7621 on 12-6-14 then it may go down to the level of 7563,the deep correction can only be triggered if it breaks this point and stays, if it does then it can take nifty down to 7450 level,if it closes above 7656.40 on 12-6-14 then it can be assumed that the down correction is complete on closing basis as of now, intra day swings could be there,so trade cautiously.


REMARKS:- I feel that the nifty will complete the down  correction on closing basis either today or tomorrow and will resume its up move,however intra day correction will always be there ,so keep a watch on these level of 7621 / 7563 for this week.


                                       

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Investment Idea In Small Cap Stock(11-6-14)

Investment Opportunity: Gujarat  Foils  Ltd. 

Industry: Aluminium and Aluminium Products

Horizon: 9 to 15 months

( BSE Code: 531410)

Last closing price (11-06-2014): Rs.42.35 (+2 ­  4.96%)

Price Background: The all-time high for the script which is Rs.150 was made on 14-8-2008 and all-time low of Rs. =25 was made on 2-6-1997. Low for year 2013 was Rs. 21/- which was made on 18-11-2013. The low for year 2014 (as on date) is Rs.27 made on 1-1-2014.

Fundamental: The Company has posted good financial results for the year 2013-14 giving an EPS of Rs.11.22 against Rs.7.36 for the year 2012-13. The sales for the current year stood at 429 crores against 344 crores for the year 2012-13 a rise of 24.70%. despite good result  the company has not declared any dividend which is surprising, however  at the current rate, the stock is at very low P/E of 3.77. Therefore, I feel that the stock has good potential to move up.

Technical: Technically the stock is nicely poised for a good rise.

Recommendation: I expect a return of 50-100 % in 9-15 months. I therefore recommend investing at least 50% of the marked fund for the script at the current level and then suggest buying on dips. Kindly be alert if the stock price goes below 40.55 and stays at that level. Please get out of the stock if price closes below 30.90. 

P.S. Kindly note that make your cost your stop loss in favorable trade and then trail it as the price of the stock moves up to gain maximum profit.

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

Trading Calls For 12-6-14

Trading Calls For 9-6-2014

Dow Jones In a New Zone (6-6-14)

DOW JONES INDUSTRIAL AVG INDEX CLOSED AT 16924.28 ON 6-6-14

Range for the week ended on 6-6-14 was:-16924.28---16673.65

 Range for the month of May-14 ended on was:- 16735.51---16341.30

SUPPORT:- 16673.65 / 16588.25 / 16572.17.

RESISTANCE :- 17040 / 17280 / 17350  17403 / 17563 / 17665 / 18045.

(Figures in bold are important)

 Dow made new all time high of 16924.28 on 6-6-14 and closed the week at the highest which shows great strength in it and in coming days it is expected to give robust up move off course   in between down correction can happen. The strong support for the index exist at 16588.25 & 16572.17 for the whole year of 2014 therefore only get alerted in long trades if index starts trading below these levels and  closes below these mark for 4-5 days.

Kindly note that make your cost your stop loss in favorable trade and then trail it as the price moves up/down to gain maximum profit and avoid losses.

..REMARKS:-Long term trend is up, I suggest to  adopt  buy on dip strategy. Please use support and resistance level as entry, exit and target points and also as trailing stop loss in favorable trade. Volatility could be there so trade cautiously and DO NOT TRADE WITHOUT STOP LOSS

 NOTE:-
1.PRICE STATED HERE IS OF SPOT MARKE.
 2. RECOMMENDATIONS ARE VALID TILL THE STOP LOSS IS TRIGGERED.
 3. IN FAVORABLE TRADE TRAIL YOUR STOP-LOSSES FOR MAXIMUM GAIN AND
    CAPITAL  PROTECTION .
                       

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CNX-Bank Index Technical Overview For The Week Starting From 9-6-14

CNX BANK INDEX CLOSED AT 15543.15 ON 6-6-14

Range for the week ended on 6-6-14 was:-15576.05--14770

 Range for the month of May-14 ended on was:- 15742.05 -12773.05

SUPPORT:- 15148.50 / 14857.50 / 14709.30 / 14468.10 / 14301.30 /  14063 .

RESISTANCE :- 15414.05 / 15568.05 / 15576.05 /  15742.05 / 15950 / 16410 / 16555 / 16802 / 17470 .

(Figures in bold are important)

 Index closed near the highest range of the week which shows strength in it and now if it crosses 15576.05 and 15742.05 mark then it will exhibit further strength for a good up move, I expect the index to cross these levels and give a reasonable up move. I expect the index to move in the rage of 15300---16000 for the week starting from 9-6-2014.Positional trader can go long in the index   even at current rate and then add position on dips with a stop loss of 15300 for a target of 15950 and  for day trader it is advised to go long above  15576.05 only with a stop loss of 15530 for a target of  15730.

Kindly note that make your cost your stop loss in favorable trade and then trail it as the price moves up/down to gain maximum profit and avoid losses.

REMARKS:-Long term trend is up, I suggest to adopt buy on dip strategy. Please use support and resistance level as entry, exit and target points and also as trailing stop loss in favorable trade. Volatility could be there so trade cautiously and DO NOT TRADE WITHOUT STOP LOSS

 NOTE:-
1.PRICE STATED HERE IS OF SPOT MARKE.
 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 Technical Overview For The Week Starting From 9-6-14

NIFTY CLOSED AT 7583.40 ON 6-6-14

Range for the week ended on 6-6-14 was:-7592.70 -7239.50

Range for the month of May-14 ended on was:-7563.50—6638.55

SUPPORT:-7563.50 / 7497.65/ 7484 / 7360.50 / 7342 / 7206.70 / 7193.55 / 7118.45

RESISTANCE:- 7634/ 7700 / 7852 / 7988 / 8011 /  8052 / 8195 / 8310

Nifty opened with a small gap up on 6-6-14 and made new all time  high of 7592.70 and closed the week near the highest point of the range ,it has also closed above the last month high of 7563.50 which shows great strength in it for further up move in the coming week starting from 9-6-14, so for now 7563.50 is a good support for nifty ,but since it has left a gap behind it may come down to fill the gap and that level is 7484-7497.65 and this can only happen if it breaks below 7563.50 and stays so watch out for this level. I expect the nifty to move in the range of 7450—7790 in the coming week.

Kindly note that make your cost your stop loss in favorable trade and then trail it as the price  moves  up/down to gain maximum profit and avoid losses.

                               

REMARKS:-Long term trend is up, so buy on dip strategy is advised Please use support and resistance levels as entry ,exit and target points and also as trailing stop loss in favorable trade. Volatility could be there so trade cautiously and DO NOT TRADE WITHOUT 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

Technical Overview For $ Dollar For-June-2014(6-6-2014)

$ Dollar Still In Bearish Trend

Range For the month of May-2014 was :-60.27—58.25

SUPPORT :-59.10 / 58.55 / 58.25 / 58 / 57.39 / 56.30 / 55.71

RESISTANCE:-59.45 / 59.57 / 60.11/ 60.27 / 61 / 61.38 / 61.55 / 61.81/ 62.14

                             /62.44 / 62.55 / 63.08 / 63.32

(Figure indicated in bold are important)

The dollar moved in 2.02 point range in the month of May-2014 and closed the month in the middle of the range. Technically it is still weak, so be alert in long trade, if it starts trading below 59.10 because after that key support for it for June-2014 would be at 58 and break below this level can slide it to 57.39 / 56.30 / 55.71.To gain up side momentum it has to stay above 60.30 for some time otherwise no significant up move is expected and to gain good strength it has to cross 61.81 and to stay above this for reasonable period of  time ,chance of which are looking very remote. However in between there may be short up rallies can happen but the steady trend is down. Please use the support and resistance level as entry, exit and as trailing stop loss point in your trades.The range for the month could be 58--60.15.

REMARKS:- Long term trend is down, therefore ,I suggest to avoid long trades because personally I don’t go against the trend ,however traders can take  both long and short calls at appropriate price with adequate stop loss. DO NOT TRADE WITHOUT STOP LOSS IN ANY CASE

 Kindly note that make your cost your stop loss in favorable trade and then trail it as the price of the stock moves up/down to gain maximum profit.

 Contact me for strategic guidance to enter and exit the trade

Trading Call For 6-6-2014

Investment Idea - Nahar Spinning - 12-18 months

Investment Opportunity: Nahar Spinning 

Industry: Textile-Product

Horizon: 12 to 18 months

(NSE Symbol: NAHARSPING | BSE Code: 500296)

 Last closing price (05-06-2014): Rs.142 (+2.40 ­  1.72%) (Face Value: Rs.5)

Price Background: The all-time high for the script which is Rs.313.50 was made on 15.5.2006 and all-time low of Rs. 17.50 was made on 26.11.2008. Low for year 2013 was Rs. 64.05 which was made on 7-8-2013. The low for year 2014 (as on date) is Rs.91.35 made on 18-2-2014.

Fundamental: The Company has posted excellent financial result for FY 2013-14 and net profit has doubled from the last year FY 2012-13 of Rs.78.39 crores to Rs.145.31. The EPS for current year is Rs.40.27 against 21.71 for the year 2012-13.The sales for the current financial year is at 2200.07 crores against 1961.28 for the year 2012-13 and the book value of the share is 212.66. The company has declared dividend of 20%. At the current rate, the stock is at very low P/E of 3.53 and available below its intrinsic  value. Therefore, I feel that the stock has very good potential to move up.

Technical: Technically the stock is superbly poised for a big up move.

Recommendation: I expect a return of 75-100 % in 12-18 months. I therefore recommend investing at least 40% of the marked fund for the script at the current level and then suggest buying on dips. Kindly be alert if the stock price goes below 120 and stays at that level. Please get out of the stock if price closes below 112. 

P.S. Kindly note that make your cost your stop loss in favorable trade and then trail it as the price of the stock moves up to gain maximum profit.

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

Trading Calls ( 3 Buy | 3 Sell ) for 05-June-14

Investment Idea - Lanco Industries - 12 to 18 months

Lanco Industries Ltd. 

Industry: Steel (Small/Medium)

(NSE: LANCOIN | BSE: 513605)

(Closing price on 03-06-2014: Rs. 40.80)

Price Background: The all-time high for the script which is Rs.117.65 was made on 31-01-2008 and all-time low of Rs. 12.00 was made on 13-03-2009. Low for year 2013 was Rs. 13.00 which was made on 05-08-2013. The low for year 2014 (as on date) is Rs.21.60 made on 03-02-2014.

Fundamental: The Company has turned around financially and posted Net Profit of Rs.38.70 crores for FY 2013-14 against Net Loss of Rs.21.33 crores for FY 2012-13. The EPS for current year is Rs.9.73 and the company has declared dividend of 15% also. At the current rate, the stock is at very low P/E of 4.90. Therefore, I feel that the stock has good potential to move up.

Technical: Technically the stock is nicely poised.

Recommendation:I expect a return of 50-100 % in 12-18 months. I therefore recommend investing at least 30% of the marked fund for the script at the current level and then suggest buying on dips. Kindly be alert if the stock price goes below 32 and stays at that level. Please get out of the stock if price closes below 29.50. 

P.S. Kindly note that make your cost your stop loss in favorable trade and then trail it as the price of the stock moves up to gain maximum profit.

Contact me for strategic guidance to enter and exit the trade

Trading Calls (4 Buy | 2 Sell) for 04-Jun-14