DAY TRADING CALLS FOR 20-6-2016

 TRADING CALLS

1. APOLLO HOSPITAL.

Sell below -1290, S/L-1296, Target-1280/1242/1213/1195.

2. AUROBINDO PHARMA.

Buy above -728, S/L-723.50, Target-735/746/757.

OR

Sell below 724,S/L-728,Target712.50/708.70/696.

3. AXIS BANK.

Sell below -524.70, S/L-527, Target-516/509/506.

4. BHARTI AIRTEL.

Buy above -359, S/L-356.75, Target-369/377.

5. BHARAT ELECTRONICS.

Sell below -1255, S/L-1260, Target-1246/1230/1210.

6. BRITANIA.

Sell below -2636, S/L-2642, Target-2607/2588/2545/2519.

7. COLGATE.

Sell below -850, S/L-856, Target-847/835/830/821.

8. DLF.

Buy above -136, S/L-134.25, Target-138.15/143/145.20.

9. DIVIS LAB

Buy above -1119, S/L-1113, Target-1127/1140/1148/1152/1165.

10. DR.REDDYS LAB.

Sell below -2999, S/L-3010, Target-2970/2956/2951/2887.

11  HCL TECH.

Buy above -755, S/L-752, Target-763.70/765/785/796.

12  PIDILITE IND.

Sell below -699, S/L-705, Target-690/688/682/675.

13. SHRIRAM TRANSPORT FINANCE.

Sell below -1134.80, S/L-1172, Target-1114/1107/1077.

14.  SUN PHARMA.

Sell below -740, S/L-745, Target-733/731/721/710.

15.  TATA MOTORS.

Buy above -466, S/L-463.50, Target-470.25/480/491.

16. TATA STEEL.

Sell below-323.80, S/L-325.60, Target-321/318/311/308.30.

                                        

17.  TCS.

Buy above -2610, S/L-2600, Target-2626/2639/2658.

                                        

 NOTE: - DAY TRADING CALL DOES NOT INDICATE OVERALL TREND OF THE STOCK. WATCH THE MARKET FOR 10-15 MINUTES BEFORE INiTIATING TRADE.

Note: Price stated here is of spot market.

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Contact me for strategic guidance to enter and exit the trade

CNX--BANK NIFTY -A TECHNICAL VIEW FOR—20-6-2016

CNX--BANK NIFTY

Closed at 17696.05 on 17-6-2016(Open-17772.30/High-17843.15/Low-17590.75)

Support: 17671/17620.90/17527.55/17498.35/17246.55/17174.70/17067.45/17029.85/16962/16932.50/16922.05/16587.25/16431.65/16368/16282.75/16188/16186.25/16141.65/16099.65/16011/15762.20/15682.65/15522/15440.25/15005/14767/14761/14754/14445/13810.60/13407.25.

Resistance:17719/17844/17943.65/17950/ 18029.05/18051.50/18278/18580.65/18662/19030.

It had an up move today and it closed with a small gain of 24.75 points. It made lower top and bottom recently on the line chart but today it made a higher bottom again at 17671.30 which is a positive sign and part indication that correction may be near completion but it is yet to make higher top and it will only make it, if it close above 17917.90. Furthermore on the bar chart also it made a lower top of 17943.65 but yet to make a lower bottom .Therefore close above 17917.90 and then sustained move above 17943.65 is important for correction completion confirmation and both of these points are far away as of now. Similarly close below 17671.30 and then sustained break below 17527.55 will indicate that this correction may continue and it could further head lower before resuming the up move again. In this regard also note that certain technical indicators indicates that it may still move downwards and may hit 17400 or may be lower before it looks up again, therefore long call should be handled with due caution.

 In view of the above observation it would be safe to try long call if it moves and sustain above 17943.65, however aggressive day trader can try long call above 17700. Please note that short call can only be attempted if it moves and sustains below 17660 for some time.  

In case the correction continues , even then long call can be attempted in the range of 17067--16962 since it is a very strong support area, but avoid long call below 16920 for sure, because sustained break below this mark may put a break on the uptrend which may please be noted.

 

TRADING OPTION FOR-20-6-2016

1. Aggressive day trader can try long call if it moves and sustain above 17700 for some time with a stop loss of below 17620 for a target 17785/17845/17945/18029/18052.It could be a risky trade.

2. It would be safe to try long call if it moves and sustain above 17944 with a stop loss of below 17850.

3. Sell if it maintains below 17660 with a stop loss of above 17730 for a target of 17593/17527/17408/17350/17209/17067/16962.. Can add fresh short position below 17527 and below 17350 with a stop loss of above 17620 & 17450 but short commitment should be squared off completely or at least lightened in the strong support range of 17067-16962.

4. Long call can be attempted on decline but within the range of 17067---16962 with a strict stop loss of below 16920.

Remark: - The trend is up now. It seems that correction may be near completion but certain technical indicators indicating otherwise, so it may still move down before it finally moves up therefore be careful in long trade at this point of time. It is suggested to take your trading call according to the price movement and as suggested above. Please initiate your trade after watching the market for some time.  

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

                                                                                      

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market.

Contact me for strategic guidance to enter and exit the trade.

CNX-NIFTY-A TECHNICAL VIEW FOR—17-6-2016

CNX-NIFTY

Closed at 8140.75 on 16-6-2016 (Open-8180.65/High-8180.65/Low-8074.45)

Support: -8063.90/8055/7992/ 7972/7946.35/7938.45/7890/7849.80/7822.70/7777.60/7735.75/7723.85/7714.15/7691.20/7678.35/7667.25/7582.25/7551/7539.50/7516.85/7422/7405/7350.30/7295/7252.

Resistance: -8160/8180/8213.60/8245/8295/8336/8375/8489.55/8530/8550-8600/ 8621.

                      

The up move of 15-6-2016 was completely retraced today in fact much beyond that which speaks of weakness in it. Furthermore it is making lower top & bottom on the line chart and made lower top of 8213.20 on the bar chart also but yet to make lower bottom. It still seems to be sell on the rise market but the silver lining is that its recent bottom of 8063.90 on the bar chart is intact, secondly it did break its recent lower bottom of 8108.85 on the line chart intra-day but managed to close reasonably above that, so if it does not close below 8108.85 on the line chart or does not break 8063.90 on the bar chart in 2-3 days time and in the meanwhile moves above its recent top of 8206.60(close above it) & 8213.60 on the line and the bar chart respectively, then the correction may be over and it may resume the up move again. Therefore short call can be attempted here but with due caution and only if it maintains below 8140 and fresh short position can be added if it sustains below 8108.85 and below 8063.90 for sure.

It is in correction mode now, however long call can be attempted in the range of 8010—7947 since it is a very strong support area or try if correction Completion signal emerges as mentioned above, but avoid long call below 7938 for sure, because sustained break below this mark may put a break on the uptrend and sustained break below 7885(it changes every day) may trigger fresh down move which may please be noted.

  

TRADING OPTION FOR-17-6-2016

1. Sell if it maintains below 8140 with a stop loss of above 8215 for a target of 8108/8084/8063/8055/8005/7992/7972.

2. Sell on the rise but not above 8213.60 with a stop loss of above 8245.

3. Long call can be attempted on decline but within the range of 8010—7947 with a strict stop loss of below 788 or if it moves and sustain above 8213.60 with a stop loss of below 8140.

Remark: - The trend is up now. It is now in correction mode therefore long call should be avoided now and should only be attempted in 8010-7947 range or if it moves above 8213.60. Short call seems safer bet as of now so one can try short call as suggested above. Please initiate your trade after watching the market for some time.   

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market.

Contact me for strategic guidance to enter and exit the trade.

CNX--BANK NIFTY -A TECHNICAL VIEW FOR—17-6-2016

CNX--BANK NIFTY

Closed at 17671.30 on 16-6-2016(Open-17827.60/High-17827.60/Low-17545.80)

Support: 17671/17620.90/17527.55/17498.35/17246.55/17174.70/17067.45/17029.85/16962/16932.50/16922.05/16587.25/16431.65/16368/16282.75/16188/16186.25/16141.65/16099.65/16011/15762.20/15682.65/15522/15440.25/15005/14767/14761/14754/14445/13810.60/13407.25.

Resistance:17719/17828.60/17943.65/17950/ 18029.05/18051.50/18250/18580.65/18662/19030.

The up move of 15-6-2016 was completely retraced today in fact much beyond that which speaks of weakness in it. Furthermore it is making lower top & bottom on the line chart and made lower top of 17943.65 on the bar chart also but yet to make lower bottom. It still seems to be sell on the rise market but the silver lining is that its recent bottom of  17527.55 on the bar chart is intact, secondly it did break its recent lower bottom of 17593.95 on the line chart intra-day but managed to close reasonably above that, so if it does not close below 17593.95 on the line chart or does not break 17527.55 on the bar chart in 2-3 days time and in the meanwhile moves above its recent top of 17917.90(close above it) & 17943.65 on the line and the bar chart respectively, then the correction may be over and it may resume the up move again. Therefore short call can be attempted here with due caution and only if it maintains below 17660 and fresh short position can be added below 17593.95 and below 17527.55 for sure.

It is in correction mode now, however long call can be attempted in the range of 17067—16962 since it is a very strong support area or try if correction Completion signal emerges as mentioned above, but avoid long call below 16920 for sure, because sustained break below this mark may put a break on the uptrend and a fresh down move may begin.

TRADING OPTION FOR-17-6-2016

1. Sell if it maintains below 17660 with a stop loss of above 17830 for a target of 17570/17527/17408/17350/17209/17067/16962

2. Sell on the rise but not above 17943 with a stop loss of above 17980. It could 

be a risky trade.

3. Long call can be attempted on decline but within the range of 17067---16962 not below 16920 with a strict stop loss of below 16900 or if it moves and sustain above 17945 with a stop loss of below 17820.

Remark: - The trend is up now. It is now in correction mode therefore long call should be avoided now and should only be attempted in 17067---16962 range or if it moves above 17945. Short call seems safer bet as of now so one can try short call as suggested above. Please initiate your trade after watching the market for some time.   

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

                                                                                      

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market.

Contact me for strategic guidance to enter and exit the trade.

CNX-NIFTY-A TECHNICAL VIEW FOR—15-6-2016

CNX-NIFTY

Closed at 8108.55 on 14-6-2016 (Open-8134.40/High-8134.95/Low-8069.50)

Support: -8055/7992/ 7972/7946.35/7938.45/7890/7849.80/7822.70/7777.60/7735.75/7723.85/7714.15/7691.20/7678.35/7667.25/7582.25/7551/7539.50/7516.85/7422/7405/7350.30/7295/7252.

Resistance: -8160/8180/8213.60/8245/8295/8336/8375/8489.55/8530/8550-8600/ 8621.

                      

The observation posted for 13-6-2016 and 14-6-2016 will be relevant for 15-6-2016 also.  Please note that in down correction, it will have in between up day also but till it closes above 8275 or it starts making higher bottom and top again on the line chart it is sell on the rise market. However in any case long call can be attempted in the range of 8040—7992 or try if  correction Completion  signal emerges , but avoid long call below 7938 for sure ,because sustained break below this mark may put a break on the uptrend.

TRADING OPTION FOR-15-6-2016

1. Sell on the rise at proper points but not above 8275 with a stop loss of above 8300. 

The possible sell point could be at 8160/8178/8213/8245/8270. Please use self defined

 stop losses with the help of resistance level for on the rise sell points.

2.  If it remains below 8160 can try sell call entire remaining week with a stop loss of

 above 8215 for a target of 8063/8055/8005/7992/7972.

3. Long call can be attempted on decline but within the range of 8040—7992 with a strict stop loss of below 7938 or if it moves and sustain above 8275 with a stop loss of below 8245.

Remark: - The trend is up now. It is now in correction mode therefore long call should be avoided now and should only be attempted in 8040-7992 range. Short call seems safer bet as of now so one can try short call as suggested above. Please initiate your trade after watching the market for some time.   

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market.

Contact me for strategic guidance to enter and exit the trade.

CNX--BANK NIFTY -A TECHNICAL VIEW FOR—15-6-2016

CNX--BANK NIFTY

Closed at 17672.40 on 14-6-2016(Open-17698.95/High-17719.85/Low-17575.95)

Support: 17671/17620.90/17502.45/17498.35/17246.55/17174.70/17067.45/17029.85/16962/16932.50/16922.05/16587.25/16431.65/16368/16282.75/16188/16186.25/16141.65/16099.65/16011/15762.20/15682.65/15522/15440.25/15005/14767/14761/14754/14445/13810.60/13407.25.

Resistance:17719/17828.60/17950/ 18029.05/18051.50/18250/18580.65/18662/19030.

The observation posted for 14-6-2016 will be relevant for 15-6-2016 also. It is in correction mode now therefore one can sell now also but if it maintains above17666 wait for fresh short call because then one may get higher level to go short, sell below 17620  and  below 17593 for  sure. Please note that it is sell on the rise market till closes above 17950 or starts making higher bottom and top again on the line chart again. However in any case  long can  be attempted in the range of 17067--16962 or try if  correction completion  signal emerges or it starts making higher bottom and top again on the line chart , but avoid long call below 16922 for sure ,because sustained break below this mark may put a break on the uptrend.

TRADING OPTION FOR-15-6-2016

1. Sell on the rise at proper points but not above 17950 with a stop loss of above 17980 

for a target of 17570/17515/17408/17350/17209/17067/16962. The possible sell point 

could be at 17760/17830/17945.

2. Can safely sell below 17620 and add on position below 17590 with a stop loss of above 17680.

3. Long call can be attempted on decline but within the range of 17067--16962 with a strict stop loss of below 16920 or if it moves and sustain above 17950 with a stop loss of below 17820.

 Remark: - The trend is up but long call should only be attempted if it closes above 17950 or in the range of 17067-16962. Instead short trade should be tried as suggested above as it looks safer option as of now. Please initiate your trade after watching the market for some time.  

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

                                                                                      

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market.

Contact me for strategic guidance to enter and exit the trade.

DAY TRADING CALLS FOR 14-6-2016

 TRADING CALLS

1.  AMBUJA CEMENTS.

Buy above -238.80, S/L-237, Target-245/254.

2. APOLLO HOSPITAL.

Sell below -1311, S/L-1320, Target-1290/1280/1250.

3. AUROBINDO PHARMA.

Buy above -753, S/L-749, Target-760/771/776/786.

4. ASIAN PAINTS

Buy above -997, S/L-994, Target-1004/1019/1029.

5. ICICI BANK.

Sell below -243, S/L-245, Target-237.60/232.90/226/219.60.

6.  KOTAK MAHINDRA BANK.

Buy above -757.50, S/L-754, Target-762/770/775/779.

7.  SUN PHARMA.

Buy above -750, S/L-746, Target-758.50/771/775/783.

8. TATA STEEL.

Sell below-321, S/L-323.50, Target-318/311/308.30.

                                        

                                        

 NOTE: - DAY TRADING CALL DOES NOT INDICATE OVERALL TREND OF THE STOCK

Note: Price stated here is of spot market.

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Contact me for strategic guidance to enter and exit the trade

CNX-NIFTY-A TECHNICAL VIEW FOR—14-6-2016

CNX-NIFTY

Closed at 8110.60 on 13-6-2016 (Open-8102.25/High-8125.25/Low-8063.90)

Support: -8055/7992/ 7972/7946.35/7938.45/7890/7849.80/7822.70/7777.60/7735.75/7723.85/7714.15/7691.20/7678.35/7667.25/7582.25/7551/7539.50/7516.85/7422/7405/7350.30/7295/7252.

Resistance: -8160/8180/8213.60/8245/8295/8336/8375/8489.55/8530/8550-8600/ 8621.

                      

The observation posted for 13-6-2016 will be relevant for 14-6-2016 also. The only caution is that if it moves and sustain above 8160 wait for fresh short call because then one may get higher level to go short else if it break 8160 again then sell. Long can  be attempted in the range of 8040—7992 or try if  correction completion  signal emerges or if it starts making higher bottom and top again on the line chart , but avoid long call below 7938 for sure ,because sustained break below this mark may put a break on the uptrend.

TRADING OPTION FOR-14-6-2016

1. Sell on the rise at proper points but not above 8275 with a stop loss of above 8300. 

The possible sell point could be at 8160/8213/8245/8270.

2.  If it remains below 8160 can try sell call entire remaining week with a stop loss of 

above 8215 for a target of 8134/8073/8055/8005/7992/7972.

3. Long call can be attempted on decline but within the range of 8040—7992 with a strict stop loss of below 7938 or if it moves and sustain above 8275 with a stop loss of below 8245.

Remark: - The trend is up now. It is now in correction mode therefore long call should be avoided now and should only be attempted in 8040-7992 range. Short call seems safer bet as of now so one can try short call as suggested above. Please initiate your trade after watching the market for some time.   

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market.

Contact me for strategic guidance to enter and exit the trade.

CNX--BANK NIFTY -A TECHNICAL VIEW FOR—14-6-2016

CNX--BANK NIFTY

Closed at 17593.95 on 13-6-2016(Open-17620.55/High-17666.55/Low-17527.55)

Support: 17502.45/17498.35/17246.55/17174.70/17067.45/17029.85/16962/16932.50/16922.05/16587.25/16431.65/16368/16282.75/16188/16186.25/16141.65/16099.65/16011/15762.20/15682.65/15522/15440.25/15005/14767/14761/14754/14445/13810.60/13407.25.

Resistance:17620.90/17671/17719/17828.60/17950/ 18029.05/18051.50/18250/18580.65/18662/19030.

As expected it broke its recent bottom of 17671 on the line chart thereby confirming that the on-going up move has exhausted and it will correct from here before making an up move again.  Going down it will find good support at 17498/17408/17350/17209/17067/17029/16962 and it may complete correction at any of these points possibly in the range of 17067--16962 if this up move has to continue, because sustained break below 17067 & 17029 and finally 16922 will give potential threat to the uptrend. Therefore on decline long call can be tried near 17067---16962 range or wherever it gives visible indication of correction completion but not below 16922 because sustained break below this mark may put an end to this uptrend.

Since it has broken its recent bottom on the line chart, therefore it is a sell on the rise market as of now till it moves and close above 17950 or start making higher bottom and top again on the line chart. It is therefore suggested to try short trade on the rise till it moves and close above 17950 or if it maintains below 17620 then sell trade can be tried for the entire remaining week .It is in corrective mode now for sure therefore it is suggested to avoid long call here.

TRADING OPTION FOR-14-6-2016

1. Can sell below 17620 or on the rise at proper points but not above 17950 with a stop 

loss of above 17980 for a target of 17570/17515/17408/17350/17209/17067/16962.

2. Long call can be attempted on decline but within the range of 17067--16962 with a strict stop loss of below 16920 or if it moves and sustain above 17950 with a stop loss of below 17820.

 Remark: - The trend is up but long call should only be attempted if it closes above 17950. Instead short trade should be tried  as suggested above as it looks safer option as of now. Please initiate your trade after watching the market for some time.  

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

                                                                                     

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market.

Contact me for strategic guidance to enter and exit the trade.

CNX-NIFTY-A TECHNICAL VIEW FOR—13-6-2016

CNX-NIFTY

Closed at 8170.05 on 10-6-2016 (Open-8180.25/High-8265.60/Low-8162.85)

Support: -8160/8055/7992/ 7972/7946.35/7938.45/7890/7849.80/7822.70/7777.60/7735.75/7723.85/7714.15/7691.20/7678.35/7667.25/7582.25/7551/7539.50/7516.85/7422/7405/7350.30/7295/7252.

Resistance: -8180/8213.60/8245/8295/8336/8375/8489.55/8530/8550-8600/8621.

                      

It finally broke the recent bottom of 8201 on the line chart confirming that the on-going up move has exhausted and it will correct from here before making an up move again.  Going down it will find good support at 8160/8134/8070/8005/7992/7972/7938/7875 and it may complete correction at any of these points possibly in the range of 8070—7992 if this up move has to continue, because sustained break below 7992 & 7972 and finally 7938 will give potential threat to the uptrend. Therefore on decline long call can be tried near 8040-7992 range or wherever it gives visible indication of correction completion but not below 7938 and certainly not below 7875(it changes every day) because sustained break below this mark may put an end to this uptrend and sustained break below 7680(it changes every day) may begin a fresh down move, which may please be noted.

Since it has broken its recent bottom on the line chart, therefore it is a sell on the rise market as of now till it moves and close above 8273.05 or start making higher bottom and top again. It is therefore suggested to try short trade on the rise till it moves and close above 8273.05 or if it moves and sustain below 8160 then sell trade can be tried for the entire week starting from 13-6-2016. It is in corrective mode now for sure therefore it has to be seen how it pans out in next 2-3 days time.

TRADING OPTION 

1. Sell on the rise at proper points but not above 8275 with a stop loss of above 8300. The possible sell point could be at 8213/8245/8270.

2. Sell below 8160 with a stop loss of above 8220 for a target of 8134/8073/8055/8005.

3. Long call can be attempted on decline but within the range of 8040—7992 with a strict stop loss of below 7938 or if it moves and sustain above 8275 with a stop loss of below 8245.

Remark: - The trend is up now. It is now in correction mode therefore long call should be avoided now and should only be attempted in 8040-7992 range. Short call seems safer bet as of now so one can try short call as suggested above. Please initiate your trade after watching the market for some time.   

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market.

Contact me for strategic guidance to enter and exit the trade.

DAY TRADING CALLS FOR 13-6-2016

TRADING CALLS

1.  ACC.

Buy above -1564, S/L-1558, Target-1590/1604/1626.

2.  AMBUJA CEMENTS.

Buy above -236, S/L-234, Target-240/254.

3. APOLLO HOSPITAL.

Sell below -1340, S/L-1350, Target-1322/1311/1290.

4. AUROBINDO PHARMA.

Sell below -736, S/L-744, Target-720/712/708/696.

5. ASIAN PAINTS

Sell below -989, S/L-995, Target-978/962/941.

6. AXIS BANK.

Sell below-538, S/L-542, Target-530/526/518.

7. COAL INDIA.

Sell below-306, S/L-307.50, Target-304/296/287.

8. ICICI BANK.

Sell below -251.50, S/L-253.50, Target-244/242/237.60.

  

9. MARUTI SUZUKI.

Sell below-4100, S/L-4115, Target-4054/4027/4000.

10. S.B.I.

 Sell below-205, S/L-206.50, Target-202/198.50/195.

11. TATA MOTORS.

Sell below -454.50, S/L-457.50, Target-450/444/432.

12. TATA STEEL.

Sell below-332, S/L-335, Target-330/326/321/311.

                                     

13. TCS.

Sell below-2553, S/L-2560, Target-2500/2460.

                                        

 NOTE: - DAY TRADING CALL DOES NOT INDICATE OVERALL TREND OF THE STOCK

Note: Price stated here is of spot market.

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Contact me for strategic guidance to enter and exit the trade

CNX--BANK NIFTY -A TECHNICAL VIEW FOR—13-6-2016

CNX--BANK NIFTY

Closed at 17828.60 on 10-6-2016(Open-17830.20/High-18051.50/Low-17815.25)

Support: 17828.60/17762.05/17719/17670.85/17620/17502.45/17498.35/17246.55/17174.70/17067.45/17029.85/16962/16932.50/16922.05/16587.25/16431.65/16368/16282.75/16188/16186.25/16141.65/16099.65/1601115762.20/15682.65/15522/15440.25/15005/14767/14761/14754/14445/13810.60/13407.25.

Resistance: 18029.05/18051.50/18250/18580.65/18662/19030.

It had wild swing during the day but eventually it closed near the low of the day which shows weakness in it. Although it has not violated its recent bottom of 17671.40 on the line chart but certain technical indicators indicates that it may correct from here and most likely to break the bottom of 17671.40 in coming days. Please note that close below 17671 will confirm the exhaustion of the on-going up move and then it may correct further from there before moving up again. Therefore it is suggested to avoid long call now.

Going down it will find good support at 17636/17515/17350/17209/17175/17067/17029/16962 and it may complete correction at any of these points possibly in the range of 17067--16962 if this up move has to continue, because sustained break below 17067 & 17029 and finally 16920 will give potential threat to the uptrend. Therefore on decline long call can be tried near the   range of 17067--16962 or wherever it gives visible indication of correction completion but not below 16920.  

In view of the above observation, it is suggested to avoid fresh long call now and attempt only if it closes above 17950 or on decline and within the range of 17067—16962. Therefore at this point of time it is suggested to try sell trade now and on the rise till it closes above 17950.

TRADING OPTION

1. Can sell now or on the rise at proper points but not above 17950 with a stop loss of above 18060 for a target of 17719/17671/17636/17570/17515/17408/17350.

2. Long call can be attempted on decline but within the range of 17067--16962 with a strict stop loss of below 16920 or if it moves and sustain above 17950 with a stop loss of below 17820.

 Remark: - The trend is up but long call should only be attempted if it closes above 17950. Instead short trade should be tried here as suggested above as it looks safer option as of now. Please initiate your trade after watching the market for some time.  

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

                                                                                     

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market.

Contact me for strategic guidance to enter and exit the trade.