Flat, Flat, Flat ----->>> Some move Finally..... Expect some volatility on expiry day

Stock View: Mindtree

Convergence of 4 + Breakout + Vols = Buy Mindtree at current levels of 545-546 add if it dips to 528-530 with stoploss of 520 on closing basis and targets 585/600 in short term

Have a nice trading day

Regards

Ankit

Nifty spot needs to close above 6050-6080 range to give a frest breakout sign

  
Stock View:  Mindtree

The stock has been acting sideways since last few months in the range of 500 -540. The stock needs to cross 540-545 to give a good breakout sign which can take the stock higher by 40-50 bucks. The only problem is the low vols which could be a dampener for the stock. Buy Mindtree only if it sustains above 540-545 with stoploss of 525 and look for targets 580/595 in short term.

Have a nice trading day

Regards

Ankit

Nifty futures is likely to claw back to 5940-5965 if 5830 level is not broken.. Break below 5830, it can test 5785/5800

  
Stock View: Ipca Labs

During the recent sluggishness in the markets, some stocks have continued to show their strength and one of them is Ipca Labs. The stock has formed a double top around 350 zone and is currently trading in a triangle pattern. The only concern is the low vols for a breakout. Buy Ipca Labs only above 353-355 with stoploss of 340 on closing basis and targets 385/400 in extreme short term..

Have a nice day

Regards

Ankit

Nifty Detailed View Updated

Nifty View:

Today the fall has been arrested @ 5700-5750 and it is likely to act as a support zone in coming days also. Break of this major support zone of 5700-5750 on a sustained basis may take us to 5550-5500 odd levels (  where 200 ema --- see red line and 78.6 % retracement level is also present  ). On the upside Nifty Spot will face resistance @ 5945-5960. Earlier it was advisable for investors ( especially those who missed entire rally from 5350 to 6350) sitting on cash to deploy atleast 20% cash @ 5920-5940 and 30% cash @ 5750-5800. Now additional 25 % cash can be deployed once u see around 5550 levels on screen.

Have a nice weekend ahead

Regards

Ankit

Expect 50-100 points cut on Index if today's low is broken.. Range seems to be 5950-6100 for Nifty futures

 
Stock View: Gail

After 2 month long consolidation Gail is poised for a breakout. Buy Gail above 505 with a stoploss of 498 and targets 520/525 in extreme short term..

Have a nice trading day

Regards

Ankit

Nifty futures likely to face resistance around 6050-6080. Midcaps to catch up in near term.

Stock View: Jain Irrigation

Triple tops are being made around 245-247 odd levels, stock sustaining above 245-247 can take it to 260. Overall pattern of the chart is also good. Buy Jisljaleqs part qty at current levels of 234-235 and add if it sustains above 245 with a stoploss of 225 on closing basis and targets 260/265 in short term. Conservative traders buy on;y above 245-247.

Have a nice trading day

Regards

Ankit

6050-6080 Nifty futures is a strong resistance zone on upside, Use this upmove to reduce leverage on longs

 
Stock View: ATFL

Buy ATFL only if it sustains above 343-345 and add on dips if it comes to 332-335 with stoploss of 325 on closing basis and targets 390/420 in short to medium term..

Have a nice trading day

Regards

Ankit

Expect levels of 5550- 5600 if last week's low of 5700 is broken.. On upside Nifty has huge resistance around 5930-5950 levels

 
Stock View: Infosys Technologies

Infosys Technologies has remained rangebound since it announced its not-so-stellar results in October 2010. The stock has been consolidating between 2960-3110 levels. The stock can give a move of 100-150 points if it breaks either side of the range. Buy Infosys Technologies only if it sustains above 3110-3125 with stoploss of 2975 and targets 3230/3270 in short term..

Have a nice trading day

Regards

Ankit

Nifty gives a strong bounce back from our second buy level around 5750-5800.. For more about this check previous days' charts

 
Stock View: Orchid Chemicals


Buy Orchid Chemicals at 318-320 and on further dips to 303-306 with stoploss of 290 on closing basis and targets 350/380 in short to medium term...

Have a nice trading day

Regards

Ankit

As expected Nifty made a low of 5917 and closed at around 6000. It bounces back from our range of 5920-5940

 
Stock View:  Jet Airways

Jet Airways has outperformed the benchmark indices for past few days, this strength has come in after few days of a big breakout from ascending triangle. The stock has been consolidating between 850-920, but it seems breakout will occur from this consolidation very soon and it may head to 1000 odd levels. Buy Jet Airways only if it sustains above 918-920 with stoploss of 900 and targets 975/1000 in short term.

Have a nice day

Regards

Ankit

Nifty detailed View updated

Nifty View:

As you see this chart, I have drawn 4 momentum lines which have been deciding factor in past 12-18 months. In the past whenever Nifty has broken these momentum lines it has corrected anywhere between 10-12 %, as you see currently we are trading above the 4 th momentum line which is around 5750-5800 mark. Nifty has corrected almost 5% from the top since last few days, this sharp fall may halt around 5920-5940 as it has multiple supports/bottoms ( see shaded region on chart) around this region, break and close below this 5920-5940 support may lead to Test NO. 3 of our 4 th momentum line which is around 5750-5800. Fibonnaci retracements also point out that 5750 -5800 will act as a good support. It is advisable for investors ( especially those who missed entire rally from 5350 to 6350) sitting on cash to deploy atleast 20% cash @ 5920-5940 and 30% cash @ 5750-5800.

Nifty Detailed View

Have a nice day

Regards

Ankit

Rangebound NIfty futures between 6260- 6345, A move above 6345 can give anoher 50 odd points.

 
Stock View: Ruchi Soya

Perfect flag pattern and good consolidation between 140 and 125 odd levels, now a sustained move above 138-140 would give a confirmation of a breakout. Buy Ruchi Soya only if it sustains above 139-140 with stoploss of 135 on closing basis and targets 153/155 in near term and may do 180 odd levels is long term...

Have a nice trading day

Regards

Ankit

Increase cash in range of 6350-6500, Apply for Power Grid FPO to get good 1st day gains.

Stock View: OCL

The stock broke almost a year long triangle pattern and closed above multiple tops near 144-145. In Short term stock looks good if it still sustains above 145. Buy OCL half qty @ current levels of 145-146 and keep cash to add on dips to 138-140 with stoploss of 135 on closing basis and targets 155/165 in short term..

Have a nice trading day

Regards

Ankit

Stock Specific moves are likely to continue, NIfty Spot has major support around 6180-6200.

Stock View: Hindunilvr

The stock after consolidating between 290 and 310 is ready to move out from this range, a sustained move above 310-312 would be a confirmation of the same. Buy Hindunilvr above 310-312 with stoploss of 303 on closing basis and targets 325/330 in short term.

Have a nice trading day

Regards

Ankit

Keep booking profits in range of 6350-6500 and increase cash to deploy at lower levels..

  
Stock View: Ranbaxy

The stock has been consolidating between 575-615 for a long time now, it needs to sustain above 618-620 to give a clear breakout. The only problem for the stock is the lack of good vols. Buy Ranbaxy only of it sustains above 618-620 with stoploss of 605 and targets 650/670 in short term..

Have a nice trading day

Regards

Ankit

Today being a triple witching day, Be cautious and Expect the Unexpected.

Stock View: City Union Bank

A perfect flag pattern is visible on the charts of CUB, it has been long time since the stock is consolidating between 45-50 odd levels. Buy CUB only if it sustains above 48.5-49 with stoploss of 47 on closing basis and targets 54/57 in short term.

Have a nice trading day

Regards

Ankit

Paul - The Octopus which could have been a boon for stock markets is no more. May his soul rest in peace.

 
Stock View: Century Enka

The stock has been consolidating between 230-260 for almost 2 months now, break on either side can give a 10-20 % move. Buy Century Enka only if it sustains above 261-263 with stoploss of 254 on closing basis and targets 290/300 in short term. Watchout for vols when it breaks about above 260, if vols are low then it may be a fake out rather than a breakout.

Have a nice trading day

Regards

Ankit

Watchout for MLL, MTNL in coming days. Limit for Max Retail subscription to IPOs increased to 2 lakhs.

 
Stock View: Ajanta Pharma

The stock has been consolidating between 240 and 260 for weeks now, and is poised for a breakout if it sustains above 260. Buy Ajanta Pharma only if it sustains above 260-261 with stoploss of 255 on closing basis and targets 275/280 in short term.

Have a nice trading day

Regards

Ankit

5965-6125 seems to be the range as of now. Stock specific moves likely to continue.

 
Stock View: BASF

A nice flag pattern formation on the charts of this stock, a move will 703-705 will considered as a breakout. Its a low volume stock and gives good moves in a single day but watchout for the vols, it should be greater than normal days then only it would be confirmed as a breakout otherwise it would be a trap. Buy Basf only if it sustains above 703-705 with stoploss of 685 on closing basis and targets 745/760 in short term.

Have a nice trading day

Regards

Ankit

Nifty to remain rangebound. Coal India bumper subscription closed yesterday, Retail shows that they are also cash rich. :P

Stock View: Cipla

The one year long channel may come to an end for this stock, as the stock has been showing signs of a breakout. There has been huge volume -price action yesterday, considering all this the stock will zoom to 400 odd levels if it gives a sustained move above 353-355. Two ways of buying the stock are:
1) Buy Cipla half qty @ current levels of 345-347 and add on dips to 330-335 with stoploss of 326 on closing basis and targets 390/400 in short term.
2) Buy Cipla only if it sustains above 353-355 with stoploss of 342 on closing basis and targets 380/400 in short term.

Have a nice trading day

Regards

Ankit

5925/5950 NIfty spot levels will act as a major support.... Will retail portion of Coal India get oversubscribed ? I doubt so.

 
Stock View: Gmr Infra

The stock broke a major trendline support day before yesterday, this breakdown has come up with huge vols too. The stock is certainly looking weak and may head to 50-51 odd levels where there is a minor support, if breaks that then next major support zone is @ 45-47. So people who are willing to do bottom fishing should wait for 50-51 levels to come, High risk traders can go short also at current levels.

Have a nice trading day

Regards

Ankit

Missed by 35 points... We Predicted NIfty to bounce back from 5950 while it made a low of 5985.

 
Stock view: Kiri Dyes

This is a daily chart of Kiri Dyes, the stock after consolidating between 560 and 620 has given a good breakout with huge vols. The stock has not only given a breakout but also closed above the resistance zone of 618-620. Buy Kiri Dyes half qty @ 635-637 and add on dips to 618-620 with stoploss of 608 and targets 665/680 in short term.

Have a nice trading day

Regards

Ankit

People sitting on cash can invest slowly on dips to 5950/5650 in a staggered Manner. On upside Nifty Spot is likely to face resistance around 6110/6150.

 
Nifty View: 

The index for the first time ever may give a sell signal if it stays below 6050 on a sustained basis. Enormous rally from 5350 to almost 6300 in record time needed a much needed breather to scale up new highs. Nifty has broken a major trendline support and for the first time since 1st week of Sept tried to go below red line ( 18 ema ) --> see chart. If Nifty stays below 6050 on a sustained basis then i expect levels of 5950/5925 in coming days which should act as a major support for the index.

Have a Nice trading day

Regards

Ankit

Medium term trend down if Nifty closes below 5925-5950 zone.

Stock View: DPTL

This stock has been consolidating for a few time now between 10 point range. Yesterday it tried to breakout and close above previous resistance of 195 with good vols. Buy DPTL at curent levels of 195 with stoploss of 190 and targets 205/210 in short term.

Have a nice trading day

Regards

Ankit

Happy Birthday OptionsTech....... :)

 
365 days,215 posts ( almost every trading day ) and total 5686 visitors ( and still counting.... ). Its been full 1 year since I started blogging in later part of 2009. I thank all the regular/ one time visitors on the blog for taking out precious time from their busy schedule. In this 2nd year of blogging I pledge to analyse more and more to pick good quality stocks for you all which would generate high returns in future.

On this auspicious occasion, I would like to donate small amount of 4500/- to Prime Minister Relief Fund as a CSR ( Corporate Social Resposnsibility ) initiative. I would like to thank all the following contributors who participated in this intiative:

1) Soniya Khubchandani
2) Sunaya Kalungutkar
3) Vikas Arora
4) Deepak Mittal
5) Gokul
6) Jigar Joshi
7) Rajesh Kantharia
8) Raju Ranjan

Regards

Ankit

Nifty futures 6090/6105 are strong support levels to watch out fr. Be cautious and avoid leverage

Stocl View: Bombay Dyeing
 
This is a daily chart of Bomdyeing, and a clear triangle formation is visible on charts plus there is also a convergence of moving averages which is a good sign. Buy Bomdyeing only if it sustains above  670-675 with stoploss of 645 and targts 720/750/775 in  medium term. Watch out for huge vols before the breakout.

Have a nice trading day

Regards

Ankit

After Large Caps the next few days spotlight on Mid Caps / Small Caps.. Watchout for 10-15% move in many stocks..

 
Stock View: Tata Metaliks

This is a daily chart of Tata Metaliks and there are 3 reasons visible on charts which make it a Strong Buy:
1) Inverted Head and Shoulder pattern is clearly visible on charts.
2) Multiple tops on Falling Trendline/Neckline which if crossed on closing basis then it would be considered as a breakout
3) Hot Convergence of 4 Moving Averages
The only concern in this stock are vols to support above three arguments, the wait continues....
Buy Tata Metali only if it sustains / preferably closes above 155-156 with stoploss of 145 ( agressive traders ) or 140 ( conservative traders ) with targets 175/185/200 in short to medium term.

Have a nice trading day

Regards

Ankit

Garden Silk Mills & BHEL given last week, both gave a good move. Now watch out for AnantRaj & Geojit Bnpp

 
Stock View: GeoJitBnpp
  
GeoJitBnpp is looking interesting on daily charts, if you see on the charts there are many intraday highs around 37.5-38 zone which may act as a resistance zone. Plus falling and flat trendline are also placed at 37.5-38 zone and need to be crossed for the stock to move higher from current levels. Buy GeojitBnpp only if it sustains above 37.75-38 with stoploss of 35.5 on closing basis for medium term targets of 42.5/45. Vols are also giving an encouraging sign.

Have a nice trading day

Regards

Ankit

New month may not be as hunky dory as the previous one. Trade Safe and with no leverage..

 
Stock View: Dynamatic Tech

The stock after giving a breakout from channel became overbought and was consolidating between a 50 pointer range. Yesterday's move with vols shows that stock has once again given a breakout and is expected to move higher. Buy Dynamatic Technologies part qty at current price of 1295-1305 and add on dips to 1270-1275 with stoploss of 1250 on closing basis and look for targets 1400 /1550 in short term.

Have a nice trading day

Regards

Ankit

Satyam Results' Impact, Ayodhya Verdict, Historical F&0 Expiry...... Too much to Handle in a Day

Stock View: EasunReyrl

Easun Reyrolle is trading in an upward rising channel since start of this year and is making higher lows consistently. The stock looks good on charts for short term if it clears minor resistance @ 130-131. Buy Easun Reyrolle if it sustains above 130-131 (preferably closes ) with stoploss of 125 on closing basis and targets 145/150 in short term.

Have a nice triple witching day

Regards

Ankit

When money making becomes so easy, then expect a fall is round the corner.... 6150-6200 is the next major resistance zone

 
Stock View: Garden Silk Mills

This is a daily chart of Garden Silk and as you see the stock is nearing its previous top zone of 95-96 again ( shown by blue zone ), after consolidation between 85-95 for few weeks the stock is looking good for a breakout above this resistance zone. Buy Garden Silk Mills only if it sustains above 94.5-95.5 with stop of 90 on closing basis and targets 105/120 in short term..

Have a nice trading day

Regards

Ankit

This non- stop rally in Nifty might stop around 6150-6200 levels, Reasons would be given during this week

Stock View: SRF

This is a daily chart of SRF and its clearly visible from the last candle that the stock is trying to breakout from the consolidation pattern. The stock has been consolidating between 265 and 295 during last few weeks. Buy SRF only if it sustians above 294.5-295.5 with stoploss of 284 on closing basis and targets of 320/335 in short term.

Have a nice trading day

Regards

Ankit

Nifty might take a breather and correct up to 5875/5770 before starting the next upmove.

Stock View: Niit Ltd

After a huge breakout from trendline resistance and triangle formation, the stock has been consolidating between 70-74 odd levels. The stock can be accumulated on dips to 70 odd levels. Buy NIITLTD on dips to 70-71 with stoploss of 67 on closing basis and wait for targets 78/83 in short term.

Have a nice trading day

Regards

Ankit

NIfty futures sustaining below 5950 can do 5900/5870 on downside.. Be cautious

  
Stock View: BHEL

The stock is looking good on charts, once it crosses overhead resistance trendline and stays above it for some days then it would be considered as a breakout. Buy BHEL only if it sustains above 2550-2555 with stoploss of 2500 on closing basis and targets 2650/2700.

Have a nice trading day

Regards

Ankit

A lower High and Lower low is needed to show first signs of weakness. Till then trade with the trends, keep nifty shorts only to hedge your portfolio.

    
Stock View: Anant Raj Inds

There are multiple tops around 145, once this resistance zone gets cleared it would be considered as a breakout. Buy AnantRaj Ind only if it sustains above 145-146 with stoploss of 139 on closing basis and targets 155/165 in short term.

Have a nice day

Regards

Ankit

Buy some OTM puts to save your portfolio.

Stock View: Videoinds

Stock is facing lot of resistance around 272-275 level. Buy above 273-275 with stoploss of 265 and targets 295/310 in short term.

Have a nice trading day

Regards

Ankit

5925-5950 will act as a resistance zone for Nifty, sustained closing above this level you may get to see levels of 6100. But be cautious around 5925-5950

Stock View: Mundra Port

The stock has been trading in this triangle for last 6-8 months and it would be considered as a breakout if stock sustains/closes above 835-840. Buy Mundra Port only if it sustains above 835-840 zone with stoploss of 815 on closing basis and targets 880/900 in short term.

Have a nice trading day

Regards

Ankit

Today is an important closing for the markets, Keep booking profits, dont be overleveraged.

 
Stock View: Amd Ind

The stock is looking good on the charts and is poised for a breakout in a near term if it closes above 29 as there are multiple tops around this zone. Buy Amd Inds only if it sustains above 29 and add on dips to 26.5-27 with stoploss of 25 on closing basis and targets of 33.35 in short term. Buy first qty only if it sustains above 29.

Have a nice trading day

Regards

Ankit

Be Cautious @ higher levels as markets are highly overbought. Rally might fizzle out within 24-48 hours, keep a stoploss of 5900 on closing basis.

 
Stock View: Financial technologies


This is a daily chart of Financial Technologies and as you can see there is a trendline resistance and multiple tops around 1430-1450, once this gets cleared you may get to see a rally of 100-150 points in this counter. Buy Financial Technologies at current level of 1420 with stoploss of 1390 on closing basis and look for targets 1510/1550 in 2 -4 weeks. Momentum only above 1450.

Stock View: Tata Motors

This is a daily chart of Tata Motors, and as you can see there is a rising wedge formation on the charts which is a bearish signal. Sell Tatamotors below 1010-1015 with stoploss 1035 on closing basis and targets of 980/950 in short term.

Have a nice day

Regards

Ankit

Congratulations Rafael Nadal to complete all Grand Slam titles.. You are the best ...Vamos Rafa !!!

   
Stock View: Ackruti

Please open chart to get details :

Have a nice trading day

Regards

Ankit

Nifty has finally given a confirmation of the breakout by closing above 5570-5600, Expect new life time highs in coming months. Nifty view updated.

 
Nifty View:

Nifty has finally given a close above 5570-5600 on daily/weekly basis which gives a confirmation of a breakout from the 1 year long parallel channel. Nifty is expected to scale new high of around 5700-5750 which will act as a resistance zone for the Index. A correction of 2-3% from these levels can't be ruled out. After the correction I expect Nifty to scale new lifetime highs of 6250-6300 slowly in coming months ( see projections on the charts ). This is a possibility in next few months, however the view gets negated if we see a weekly close below 5250 -5300 zone.

Stock View: Alembic Ltd

A nice cup and handle formation can be seen on daily charts of Alembic Ltd, the stock did give a breakout last week from this pattern and that too with good vols. Buy Alembic @ current levels of 64-64.5 with stoploss of 61 on closing basis and wait for targets of 70/75 in extreme short term.

Stock View: Shasun Chemicals

A clear (tilted) Inverted Head and Shoulder pattern can be seen on daily charts  of Shasun Chemicals, in this case too stock gave a breakout last week with good vols. Buy SHasun Chemicals @ current level of 90-91 with stoploss of 85 on closing basis and look for targets 100/105 in extreme short term.

Stock View: Ipca LAbs

This is a daily chart of Ipca LAbs and as you can see the stock gave a breakout from the triangle pattern in the last session but faced resistance around last top of around 310. Once this hurdle is cleared the stock may zoom to 340/350 levels swiftly. Buy Ipca Labs @ current levels of 300-302 with stoploss of 290 on closing basis and wait for targets of 340/350. Watchout for vols above 310-315.

Have a nice trading day

Regards

Ankit

Today is an important closing for the markets, If it closes well above 5600 then it would be considered as a weekly breakout as well.

 
Stock View: Mahindra Forgings

The stock is consolidating in a downward channel since last few weeks and may give a breakout if it sustains above 111. Only concern is vols, which are low in last few days. Buy Mahindra Forgings only if it sustains above 111-112 with stoploss of 104 on closing basis and look for targets of 120/125 in short term.

Have a nice trading day

Regards

Ankit

5550/5530 are the supports on the downside. A breakout will happen Only if Nifty closes above 5600 on a weekly basis

 
Stock View: Valecha Engg

Valecha Engg has been consolidating between 180 and 195 zone for quite some days now. A move above 195 with good vols will be considered as a breakout. Buy Valecha Engg only if it sustains above 195-196 with stoploss of 190 on closing basis and look for targets of 210/225 in short term.

Have a nice trading day

Regards

Ankit

We need a sustained daily close and most importantly a weekly close if this rally is to be considered as a big breakout.

 
Stock View: Raymond

The stock has been consolidating in a tight range 350-410 since last 2-3 weeks and finally gave a breakout yesterday with huge vols. Buy Raymond @ 392-395 with stoploss of 375 on closing basis and look for targets of 450/480/500 in short/medium term.

Stock View: Prakash

The stock has underperformed the benchmark indices and now is making a triangle like pattern and is ready for a breakout if it sustains above the resistance zone of 190-192. Buy Prakash only if it sustains above 190-192 with stoploss of 180 on closing basis and look for targets of 215/230 in short term.

Have a nice trading day

Regards

Ankit