INTRA-DAY TRADING CALLS FOR 13.7.2021

TRADING CALLS

 

1. ASIAN PAINTS.

Sell below 2996, S/L-3012, Target-2973/2965/2933/2916. 

2. BAJAJ AUTO.

Sell below 3946, S/L-3960, Target—3894/3867/3830/3814. 

3. ADANI PORT.

Sell below 715, S/L-720, Target-706/700/685. 

4. HDFC LTD.

Sell below-2471, S/L-2485, Target-22451/2440/2405/2373. 

5. BHARTI AIRTEL.

Sell below-528, S/L-533, Target-518/514/499. 

6. HDFC BANK.

Sell below-1484, S/L-1494, Target-1477/1455/1428. 

7. HINDUSTAN UNILEVER.

Sell below-2438, S/L-2448, Target-2430/2413/2403/2380. 

8. INFOSYS.

Sell below-1544, S/L-1557, Target-1530/1518/1505/1484. 

9. TCS.

Sell below-3201, S/L-3215, Target-3155/3135/3115/3083. 

                    Note: Price stated here is of spot market. 

 

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.

 

 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.                       

 

 Contact me for strategic guidance to enter and exit the trade

 

 Thanks 

Narendra Kumar Surana

suranank@gmail.com

Mobile—8240951127/9831313654.

 

                       

 

 

 

       

 

 

 

 

                                               

                            

A TECHNICAL VIEW ON CNX-NIFTY FOR---13.7.2021

 

CNX-NIFTY

 Open—15766.80--High—15789.20—Low—15644.75---Close-15692.60 on 12.7.2021.

Support:15673.95/15635.95/15606.55/15566/15471/15450.90/15431.75/15336.30/15273.15/15263/15257.10/15176.50/15051.60/14984.15/14888.80/14883.20/14753.55/14653.35/14595/14484.12/14467.75/14459.50/14350.10/14264.40/14248/14222.80/14151.40/14024.85/13996.11/13981.75.                                                                                                                                                           

Resistance: -15780/18835.55/15877/15885.75---15915.65/ 15920/ 16024/16074/16180/16223/16631.     

 (Bold and underlined figures are most important)

It opened with an up gap and went further up but could not sustain at the higher level and moved down but closed with meager gain of 2.80 points. It is below its major rising trend-line; below all its short term moving averages and most importantly one critical technical indicator is showing weakness on the daily and weekly chart, therefore all together it is exhibiting short term weakness as of now, which could drag it down in coming days. But please note that it has bed of support in the range of 15673---15606—15566---15471--15431, therefore till it holds this range there is no fear of sharp decline and it may bounce back also. But moving up the range of 15780---15920 is very tough and critical and looks slightly difficult to cross at this point of time. However if it cross 15780 and sustain on the closing basis then it will gain some strength and for the steady and strong up momentum it has to move above 15920 and sustain on the closing basis then it could possibly hit the upside target points of 16024---16074---16180---16223 or may go beyond. It is important to mention here that its long term technical setup is still good for the uptrend to continue , therefore as long as it hold 15471 & 15431.75 on the closing basis there is no major threat to the uptrend. The short term outlook is weak as of now. The above observation will hold till it gives either side breakout i.e. either above 15920 or below 15431. It is therefore suggested to trade the range of 15920---15431 at appropriate points both long and short trade till break out happen.

In view of the above observation, for safe trader’s long trade can only be tried once it closes above 15780 avoid buy on decline now. However aggressive trader can also try long trade if it  maintains above today’s close i.e. 15692.60 for some time or can try long on decline at appropriate points in the range of  15673----15566 but not below it. Please note that in a weak market long trade could be a risky affair and particularly buy on decline for the day mind you, so be cautious. Lastly and most importantly long trade should be attempted on sharp decline in the range of 15471---15431 but not below it with a strict stop loss of 15380. Since it has not yet crossed some of its critical long term averages and overall short term technical setup is indicating weakness, therefore short trade can also be tried after reasonable rise or can be tried on the price breakdown for taking advantage of the intraday or otherwise corrective move.

NOTE: - If it opens up with huge gap up then wait for it to settle down before initiating long position, but short trade can be attempted on huge gap up if it is near the selling point and vice versa . Since, it is showing volatility so any type of trade should be squared off during the day, if you don’t have reasonable profit margin in the trade. Day squaring off is strongly suggested in any case.

TRADING STRATEGY (Suggested)

1. Buy if it maintains above 15693 for some time with a stop loss of 15630. It for the aggressive traders and could be a highly risky trade.

Or

Buy on decline at appropriate points in the range of 15673---15566 but not below it with a stop loss of 15540. It for the aggressive traders and could be a highly risky trade.

2. Sell if it does not move above 15780 in first one and half hour of trade with a stop loss of 15810. It could be a risky trade but worth trying for intraday gain.

Or

Sell if it moves below 15632 and maintain for some time with a stop loss of 15700. It could be a risky trade but worth trying for intraday gain.

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.

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. 

Note: Price stated here are of spot market. 

Contact me for strategic guidance to enter and exit trade.

  Thanks 

Narendra Kumar Surana

suranank@gmail.com

Mobile—8240951127/9831313654.

 

 

A TECHNICAL VIEW ON CNX--BANK NIFTY FOR—13.7.2021

 

CNX--BANK NIFTY

Open-35285.05---High-35394.30--Low—35060.35--Close-35198.90 on 12.7.2021

Support:34976/34930/34894.45/34635.95/34525.45/34410/34374/34287/33990.80/33625/33371/33306.80/32842.30/32613.10/32465.45/32415.15/32347/32157.05/32130/31783.60/31661/31649.49/31297.30/31264.05.

 

Resistance;35380/35428.15/35491.95/35584.30/35648/35811/35902.90/36248/36455.15/36497/36615/37232/37708.75.

(Bold and underlined figures are most important)

It opened with an up gap and went further up but could not sustain at the higher level and moved down but closed with a gain of 126.95 points. It is below some of its short term moving averages and most importantly one important technical indicator is showing weakness on the daily and weekly chart, therefore all together it is exhibiting short term weakness as of now, which could drag it down in coming days. But please note that it has bed of strong support in the range of 34860---34632---34525---34374---33908, therefore till it holds this range there is no fear of sharp decline and it may bounce back also. But moving up the range of 35811---36248 is very tough and critical and looks slightly difficult to cross at this point of time. However if it crosses 35811 and sustain on the closing basis then it will gain good strength and for the steady and strong up momentum it has to move above 36248 and sustain on the closing basis then it could retest its all-time high of 37708.75 or may go beyond also. The long term bias still looks positive as of now. But the short term outlook looks slightly dicey and weak. So watch out. The above observation will hold till it gives either side breakout i.e. either above 36248 or below 33908. It is therefore suggested to trade the range of 36248---33908 at appropriate points both long and short trade till break out happen.

In view of the above observation, for safe traders long trade can be tried if it moves above 35430 and maintain for some time or can be tried on decline at appropriate points or near 35070 and then near 34632 & 33908 but not below it. Please note that long trade below 34632 could be a risky affair because if it remains below it for the longer time period during the day then it may have accelerated fall. It is important that long trade on decline could be risky for the day. Since it has not crossed its critical resistance range of 35648---35811---36248, therefore short trade can also be tried after the reasonable rise or can be tried on the price breakdown for taking advantage of the corrective move.

NOTE: - If it opens up with huge gap up then wait for it to settle down before initiating long position, but short trade can be attempted on huge gap up if it is near the selling point and vice versa . Since, it is showing volatility so any type of trade should be squared off during the day, if you don’t have reasonable profit margin in the trade. Day squaring off is strongly suggested in any case.

TRADING STRATEGY (Suggested)

1. Buy if it moves above 35430 and maintain for some time with a stop loss of 35250.It is for both the traders and could be a risky trade.

Or

Buy on decline near 35000---34632 & 33908 but not below it with a stop loss of 34840/34500 &33800 respectively. It is for aggressive traders and could be a highly risky trade but worth trying.

2. Sell on the rise near or within the range of 35650---35800 with a stop loss of 35850. It could be a highly risky trade but worth trying for intraday gain.

Or

Sell if it moves below 35000 and maintain for some time with a stop loss of 35220. It is for the aggressive traders could be a highly risky trade but worth trying.

Or

Sell if it moves below 34840 and maintain for some time with a stop loss of 35000. It could be a risky trade but worth trying.

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.

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.

 Note: Price stated here are of spot market.

Contact me for strategic guidance to enter and exit trade.

Thanks 

Narendra Kumar Surana

suranank@gmail.com

Mobile—8240951127/9831313654.

 

 

A TECHNICAL VIEW ON CNX--BANK NIFTY FOR—12.7.2021

 

CNX--BANK NIFTY

Open-35163.75---High-35225.20--Low—35859.90--Close-35071.95 on 9.7.2021

Support:34976/34930/34894.45/34635.95/34525.45/34410/34374/34287/33990.80/33625/33371/33306.80/32842.30/32613.10/32465.45/32415.15/32347/32157.05/32130/31783.60/31661/31649.49/31297.30/31264.05.

 

Resistance;35380/35428.15/35491.95/35584.30/35648/35811/35902.90/36248/36455.15/36497/36615/37232/37708.75.

(Bold and underlined figures are most important)

It continued the down move today and closed with a loss of 202.15 points. It is below some of its short term moving averages and most importantly one important technical indicator is showing weakness on the daily and weekly chart, therefore all together it is exhibiting short term weakness as of now, which could drag it down in coming days. But please note that it has bed of strong support in the range of 34860---34632---34525---34374---33908, therefore till it holds this range there is no fear of sharp decline and it may bounce back also. But moving up the range of 35811---36248 is very tough and critical and looks slightly difficult to cross at this point of time. However if it crosses 35811 and sustain on the closing basis then it will gain good strength and for the steady and strong up momentum it has to move above 36248 and sustain on the closing basis then it could retest its all-time high of 37708.75 or may go beyond also. The long term bias still looks positive as of now. But the short term outlook looks slightly dicey and weak. So watch out.

In view of the above observation,  long trade can be tried if it maintains above 35275 for some time or can try  on decline at appropriate points or near 34860 but not below it and then near 34632 & 33908 but not below it. Please note that long trade below 34632 could be a risky affair because if it remains below it for the longer time period during the day then it may have accelerated fall.  Since it has not crossed its critical resistance range of 35648---35811---36248, therefore short trade can also be tried after the reasonable rise or can be tried on the price breakdown for taking advantage of the corrective move.

NOTE: - If it opens up with huge gap up then wait for it to settle down before initiating long position, but short trade can be attempted on huge gap up if it is near the selling point and vice versa . Since, it is showing volatility so any type of trade should be squared off during the day, if you don’t have reasonable profit margin in the trade. Day squaring off is strongly suggested in any case.

TRADING STRATEGY (Suggested)

1. Buy if it moves above 35275 and maintain for some time with a stop loss of 35050.It is for both the traders and could be a risky trade.

Or

Buy on decline at appropriate points or near 34860 ---34632 & 33908 but not below it with a stop loss of 34800/34500 &33800 respectively. It is for both the traders and could be a highly risky trade but worth trying.

2. Sell on the rise near or within the range of 35650---35800 with a stop loss of 35850. It could be a highly risky trade but worth trying for intraday gain.

Or

Sell if it moves below 34860 and maintain for some time with a stop loss of 34950. It is for the aggressive traders could be a highly risky trade but worth trying.

Or

Sell if it moves below 34632 and maintain for some time with a stop loss of 34750. It could be a risky trade but worth trying.

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.

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.

 Note: Price stated here are of spot market.

Contact me for strategic guidance to enter and exit trade.

Thanks 

Narendra Kumar Surana

suranank@gmail.com

Mobile—8240951127/9831313654.

 

 

A TECHNICAL VIEW ON CNX-NIFTY FOR---12.7.2021

 

CNX-NIFTY

 Open—15688.25--High—15730.85—Low—15632.75---Close-15689.80 on 9.7.2021.

Support:15673.95/15635.95/15606.55/15566/15471/15450.90/15431.75/15336.30/15273.15/15263/15257.10/15176.50/15051.60/14984.15/14888.80/14883.20/14753.55/14653.35/14595/14484.12/14467.75/14459.50/14350.10/14264.40/14248/14222.80/14151.40/14024.85/13996.11/13981.75.                                                                                                                                                           

Resistance: -15780/18835.55/15877/15885.75---15915.65/ 15920/ 16024/16074/16180/16223/16631.     

 (Bold and underlined figures are most important)

It continued the down move today and closed with a loss of 38.10 points. It is below its major rising trend-line; below all its short term moving averages and most importantly one important technical indicator is showing weakness on the daily and weekly chart, therefore all together it is exhibiting short term weakness as of now, which could drag it down in coming days. But please note that it has bed of support in the range of 15673---15431, therefore till it holds this range there is no fear of sharp decline and it may bounce back also. But moving up the range of 15780---15920 is very tough and critical and looks slightly difficult to cross at this point of time. However if it cross 15780 and sustain on the closing basis then it will gain some strength and for the steady and strong up momentum it has to move above 15920 and sustain on the closing basis then it could possibly hit the upside target points of 16024---16074---16180---16223 or may go beyond. It is important to mention here that its long term technical setup is still good for the uptrend to continue , therefore as long as it hold 15471 & 15431.75 on the closing basis there is no major threat to the uptrend. The short term outlook is weak as of now.

In view of the above observation, for safe trader’s long trade can only be tried once it closes above 15780 else avoid. However aggressive trader can try long trade if it moves above 15780 and maintain for some time or can try long on decline at appropriate points in the range of  15673----15566 but not below it. Please note that in a weak market long trade could be a risky affair mind you, so be cautious. Lastly and most importantly long trade should be attempted on sharp decline in the range of 15471---15431 but not below it with a strict stop loss of 15380. Since it has not yet crossed some of its critical long term averages and overall short term technical setup is indicating weakness, therefore short trade can also be tried after reasonable rise or can be tried on the price breakdown for taking advantage of the intraday or otherwise corrective move.

NOTE: - If it opens up with huge gap up then wait for it to settle down before initiating long position, but short trade can be attempted on huge gap up if it is near the selling point and vice versa . Since, it is showing volatility so any type of trade should be squared off during the day, if you don’t have reasonable profit margin in the trade. Day squaring off is strongly suggested in any case.

TRADING STRATEGY (Suggested)

1. Buy if it moves above 15780 and maintain for some time with a stop loss of 15725. It for the aggressive traders and could be a highly risky trade.

Or

Buy on decline at appropriate points in the range of 15673---15566 but not below it with a stop loss of 15540. It for the aggressive traders and could be a highly risky trade.

2. Sell on the rise near or within the range of 15800---15820 with a stop loss of 15850. It could be a risky trade but worth trying for intraday gain.

Or

Sell if it does not move above 15755 in first one and half hour of trade with a stop loss of 15775. It could be a risky trade but worth trying for intraday gain.

Or

Sell if it moves below 15632 and maintain for some time with a stop loss of 15680. It could be a risky trade but worth trying for intraday gain.

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.

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. 

Note: Price stated here are of spot market. 

Contact me for strategic guidance to enter and exit trade.

  Thanks 

Narendra Kumar Surana

suranank@gmail.com

Mobile—8240951127/9831313654.

 

 

A TECHNICAL VIEW ON CNX--BANK NIFTY FOR—9.7.2021

 

CNX--BANK NIFTY

Open-35603.25---High-35811--Low—35134.65--Close-35274.10 on 8.7.2021

Support:34976/34930/34894.45/34635.95/34525.45/34410/34374/34287/33990.80/33625/33371/33306.80/32842.30/32613.10/32465.45/32415.15/32347/32157.05/32130/31783.60/31661/31649.49/31297.30/31264.05. 

Resistance;35380/35428.15/35491.95/35584.30/35648/35811/35902.90/36248/36455.15/36497/36615/37232/37708.75.

(Bold and underlined figures are most important)

It has been trying to cross it recent top of 35810.90 it made on 4.6.2021 for the last three days, but could not and plunged down sharply today to close with a loss of 497.20 points. Please note that it has made quadruple top in the range of 35795.75---35811 in trying to cross its top of 35810.90 or say 35811. So now 35811 is a tough resistance point and it has another important and critical point at 36248 moving up. It is needless to mention here that for the strong and steady up momentum it has to move above 36248 and sustain on the closing basis and then it could retest its all-time high of 37708.75 or may go beyond also. Therefore as of now 35811 &36248 levels are the important benchmark points and it has to cross both and sustain on the closing basis to move up smoothly, else it may drift down eventually. So moving up from here the critical resistance points would be at 35380---35648---35811---35985---36248---36328---36537---36939---37100---37708.75.  Similarly going down its important support points could be at 35000(it may change every day) ---34632.60---34525.45---33908.95, please note that break below 35000 on the closing basis may weaken it further, sustained break below 34525.45 will push it into deep short term correction mode which may last for 5-8 days or more and finally sustained break below 33908.95 could accelerate the fall further. The long term bias still looks positive as of now. But the short term outlook still looks dicey and weak. So watch out.

In view of the above observation, for safe traders long trade can be tried if it maintains above 35275 for some time and avoid buy on decline for the day. However aggressive traders can try long trade on decline also at appropriate points or near 34632 but not below it.  Since it has not crossed its critical resistance range of 35648---35811---36248, therefore short trade can also be tried after the reasonable rise or can be tried on the price breakdown for taking advantage of the corrective move.

NOTE: - If it opens up with huge gap up then wait for it to settle down before initiating long position, but short trade can be attempted on huge gap up if it is near the selling point and vice versa . Since, it is showing volatility so any type of trade should be squared off during the day, if you don’t have reasonable profit margin in the trade. Day squaring off is strongly suggested in any case.

TRADING STRATEGY (Suggested)

1. Buy if it maintains above 35275 for some time with a stop loss of 35100.It is for both the traders and could be a risky trade.

Or

Buy on decline at appropriate points or near 34632 but not below it with a stop loss of 34490. It is for the aggressive traders and could be a highly risky trade but worth trying.

2. Sell on the rise near or within the range of 35700---35800 with a stop loss of 35850. It could be a highly risky trade but worth trying for intraday gain.

Or

Sell if it moves below 35000 and maintain for some time with a stop loss of 35175. It could be a risky trade but worth trying.

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.

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.

 Note: Price stated here are of spot market.

Contact me for strategic guidance to enter and exit trade.

Thanks 

Narendra Kumar Surana

suranank@gmail.com

Mobile—8240951127/9831313654.