Nifty-Technical View(3-7-14)

Nifty closed at 7725.15 on 2-7-2014 

SUPPORT  :- 7700.05 / 7649.50 / 7629 / 7611.35 / 7593.35 / 7487.55 / 7481.30 / 7477/  7441.60 / 7409 / 7340 / 7263 / 7229/7200

RESISTANCE:  7855 / 7990

Nifty opened with a gap up(gap area7649.50—7677.30) and  moved up steadily and made new all time high of 7732.40 during the day before closing the day near the high, it was a robust move today and it may continue, but kindly note that  it made no effort to fill the gap during the day and furthermore it is  yet to make higher bottom on the line chart therefore it may still come down on closing basis on the line chart to make higher bottom and to fill the gap also, so as of now the bench mark level for nifty is 7700.05 and then 7629 &7611.35(for the month of July-14) and the short term DMA which is placed at 7566 for 3-7-14 for the long trades, if nifty starts trading below 7700.05 on 3-7-14 then get alerted and reduce long exposure and below 7629 & 7611.35 avoid long calls completely in nifty till it bounce back above this level again.

REMARK:-Long term trend is up and it is buy on dip market as of now. I feel that nifty could give down closing on 3-7-14 to make higher bottom on the line chart and to fill the gap of today therefore I would suggest to avoid long trades on nifty if it starts trading below 7700.05.Trade  cautiously with an adequate stop loss. 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. 

Contact me for strategic guidance to enter and exit the trade

Nifty-Technical View-2-7-14

Nifty closed at 7634.70 on 1-7-2014 

SUPPORT :- 7629 / 7611.35 / 7593.35 / 7487.55 / 7481.30 / 7477/  7441.60 / 7409 / 7340 / 7263 / 7229/7200

RESISTANCE:  7635/ 7656.40/ 7663 / 7678.50 / 7700.

Nifty moved in a very short range of 31 points today, this indicate that a reasonable big move  can happen on the either side in coming 1-2 days time .Kindly note that nifty made higher top & bottom on the bar chart but yet to make higher bottom on the line chart therefore it may still come down on closing basis on the line chart to make higher bottom, so as of now the bench mark level for nifty is 7629 &7611.35(for the month of July-14) and the short term DMA which is placed at 7550 for 2-7-14 for long trades, if nifty starts trading below 7629 & 7611.35 then be alert in long trades and if it breaks 7550 today and stays then get out of the long trade in nifty.

REMARK:-Long term trend is up and it is buy on dip market as of now but since nifty has not made higher bottom on the line chart ,therefore I feel that it can give down move on the closing basis either on 2-7-14 or 3-7-14 to make higher bottom, Trade  cautiously with an adequate stop loss. 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. 

Contact me for strategic guidance to enter and exit the trade

Trading Calls For-2-7-14

Nifty-Technical View-1-7-14

Nifty closed at 7611.35 on 30-6-2014 

SUPPORT:- 7593.35 / 7487.55 / 7481.30 / 7477/  7441.60 / 7409 / 7340 / 7263 / 7229/7200

RESISTANCE:  7635/ 7656.40/ 7678.50 / 7700.

Nifty exhibited strength today and made high of 7623.65 before closing the day near the high of the day. It made higher top & bottom on the bar chart but yet to make higher bottom on the line chart therefore it may still come down on closing basis on the line chart to make higher bottom, so as of now the bench mark level for nifty is 7611.35 and the short term DMA which is placed at 7545 for 1-7-14, if nifty starts trading below 7611.35 and break the short term DMA then be alert in long trades.

REMARK:-Long term trend is up and it is buy on dip market as of now, but since nifty has not made higher bottom on the line chart ,therefore I feel that it can give down move on the closing basis either on 2-7-14 or 3-7-14 to make higher bottom,. Trade cautiously with an adequate stop loss. 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.

Contact me for strategic guidance to enter and exit the trade

Trading Calls For-1-7-14

Investment Idea-Hindustan Zinc Ltd(28-6-14)

Investment Opportunity: Hindustan Zinc Ltd. 

Industry: Mining/Mineral/Metal

Horizon: 8 to 12 months

(NSE Symbol: HINDZINC | BSE Code: 500188)

Last closing price (27-06-2014): Rs.163.90        Face Value:-2/-

Price Background: The stock made all-time high of Rs.184 recently on9-6-14  and all-time low of Rs..44 was made in the year 1996.High and Low for the year 2013 was Rs.143.25 & Rs.94 . The low for year 2014 (as on date) is Rs.114.80.

Fundamental: The Company’s sales rose by 7.45% this year compared to last year but the EPS remained flat at 16.33.The company has declared  total dividend of 175% i.e Rs.3.50 per share. Although at the current rate, the stock is at a P/E of10.03 against the industry P/E of 15.5. Therefore, I feel that the stock still has some room to move up.

Technical: Technically the stock is nicely poised as it has made new high recently..

Recommendation: I expect a return of 25-30% in 8-12 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 143 and stays at that level. Please get out of the stock if price closes below 132,. 

Note:

1.    Price stated here is of spot market

2.    Recommendations are valid till the stop loss is triggered

3.    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

Investment Idea-Nahar Industrial Enterprises Ltd(28-6-14)

Investment Opportunity: Nahar Industrial Enterprise Ltd. 

Industry: Textile-Cotton Blend

Horizon: 12 to 18 months

(NSE Symbol: NAHARINDUS | BSE Code: 519136)

Last closing price (27-06-2014): Rs.78.15             Face Value:-Rs.10/-

Price Background: The all-time high for the script is Rs.209 was made on 13.9.2004 and all-time low of Rs.4 was made on 12.9.2000.High and Low for year 2013 was Rs.62 & Rs.27 . The low for year 2014 (as on date) is Rs.46.05 made on 20.1.2014.

Fundamental: The Company has come out with good financial result and posted Net Profit of Rs.69.25 crore for FY 2013-14 against Rs.41.84 crore for FY 2012-13. The EPS for current year is Rs.17.38 against Rs.10.50 for the last year and  company has declared dividend of 10% also. At the current rate, the stock is at very low P/E of 4.49. 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 50-75 % 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 62 and stays at that level. Please get out of the stock if price closes below 58. 

Note:

1.    Price stated here is of spot market

2.    Recommendations are valid till the stop loss is triggered

3.    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