5270/5300 are resistances for the day. Nifty needs to give a sustained close above 5350 to get into bullish mode again

Stock View: BOC India

Yesterday it was the fourth attempt by the stock to breakout on the upside but it seems 225-226 is a very huge resistance for the stock due to multiple tops. Buy BOC India if it sustains above 225-226 with a stop loss of 218 and look for targets of 245/250 in short term.

Stock View: Ackruti

What a perfect downward sloping channel !!!. The stock has been consolidating since last 8-9 months after a big fall and is likely to breakout if it breaks this very important red resistance line. The stock also need to have huge vols when it breaksout. Buy Ackruti only if it sustains above 560 for quick targets of 590/620 with a stoploss of 530.

Have a nice trading day

Regards

Ankit

5160/5180 should hold for the Bulls to have the last laugh. If broken expect 5100/5090 in quick time.

Stock View: Suzlon

This is a 15 month chart of Suzlon stock and there is a classic traingle formation of charts which joins red line and green line. The stock is poised for a breakout/breakdown depending on which line it breaks and gives a sustained closing above/below the line.

Possibility 1:The stock bounces back from very strong support zone of 68-66. And then breaks the upper red line( 73 level) to move head with a target of 80/85

Possibility 2: If it breaks the green support line and gives a sustained closing below 66-68 levels can target 62/58/55 on downside.


So going by the analysis we have reached to a conclusion that you can trade the stock both ways:
EITHER Buy Suzlon at current levels of 68 with a stop of 66 on closing basis. OR Sell Suzlon if it gives a sustained move below 66 with targets of 62.5/58/55. The Choice is yours.

Have a nice trading day

Regards

Ankit

S&p's cut on Greece's debt to "junk" status led to U.S markets tumbling by 200 points, Nifty's good support is around 5210-5230. Dont sell atleast @ gap down opening near these levels

Stock View: Renuka

As you go by this chart there is more than one reason to accumulate the stock at current levels just for a sharp unexpected bounce back. One reason is that 61.8% retracement of the entire upmove from 20 to 123 is placed at 59-60 which will act as a massive support. Second is the trendline support around these levels and Third is the RSI is near to support zones.
Buy or Rather accumulate Renuka between 59-62 levels to play for a bounce back till 72/79. This is for patient investors.

Have a nice trading day

Regards

Ankit

5350/5380 are the hurdles Nifty needs to cross to be eligible to take out its previous high of 5400.

Stock View: GATI

Some chart patterns are meant for a breakout like this one, but markets are at almost 52 week high so trade cautiously. BUy Gati ONLY AND ONLY IF it sustains or closes above 72-73 for short term target of 85 with a stop of 66. Conservative traders please wait for it to sustain then only buy.

Stock View: Educomp

Educomp as we look at the charts is becoming a play for a bounce stock as it is trading near its 1 year trendline support and can be a bounce back candidate but it can backfire also so trade cautiously. Buy Educomp only above 720 with a stoploss of 700 on closing basis with short term targets of 738/760/780. Keep booking profits at various Intervals and keep trailing stop losses.

Have a nice trading day

Regards

Ankit

For Bulls to go on rampage Nifty should not break 5180/5090 and if broken somehow Bears will have the upperhand.

 Stock View: JP Associates

Nice attempt to breakout from triangle pattern though vols were not convincing, but still stock is looking good and can be bought at current levels . Buy JP Associates at current levels of 156-157 with a stoploss of 150 on closing basis and targets of 165/172/178 in short term.

Stock View: Tata Chem

For very Short term traders: Buy Tatachem at current levels of 340 with a stop of 332 and look for targets of 349/355.
For Short term traders:  Buy Tata chem at current levels of 340 and look for targets of 355/370 with a stop loss of 325 on closing basis

Have a nice trading day

Regards

Ankit

See- Saw moves back in Sensex, Volatility to continue at higher levels. Short Nifty 5280 -5300 with a strict stop loss of 5335

Stock View: NHPC

The stock is looking good for a bounce, so Buy NHPC at current levels of 30.5 with a stop of 29.5 on closing basis with a target of 33-33.5... Momentum above 31.5 . For Long term players , there is no need to put a stoploss and they can look for 38-42 in 3-6 months.

Stock View: Classic Diamonds

The stock has given a triangle breakout and is looking good on charts. Buy Classic at current levels of 24.5 with a stop below 22.4 and look for targets 27.5/29 in short term.

Stock View: ADSL

Multiple tops at 255 levels... Buy ADSL only if it sustains above 255 for targets of 270/275 with a stoploss below 245.

Have a nice trading day

Regards

Ankit

Markets are in good shape and Bulls have no probs till the closing is above 5180 or intraday it is trading above previous low of 5160. People having short positions should keep a strict stoploss of 5320.

Stock View: GSS America

The stock is about to take out its previous high of 367 if it sustains above 357 and is looking good on charts with vols building up. Buy Gss America only if it sustains above 357 for quick targets od 380/395 with a strick stoploss of 345. Just watch out for huge volumes if it gives a breakout  because without volumes it can be a FAKE out also.

Stock view: House of Pearl Fashion

Perfect Rectangle formation as you can see on the charts. The stock has been trading in this range since last one and a half months. Both side trading opportunites are available, break of 77 on closing basis may take this stock to 70 rs. And on the upside Buy House of Pearl Fashions only if it sustains above 85 for quick targets of 90/93 and with a stoploss of 82.

Buy Gtlnfra if it sustains above 45 for short term target of 49-50 with as strict stoploss of 42.5.( right now dont have time to post chart)

Apologizies to those visitors who could not find a new post yesterday as I was busy with some personal work.


Have a nice trading day

Regards

Ankit

Below 5150-5160 you can expect a quick move to 5105-5125 range. Resistance on the upside are placed at 5240/5285. Watchout for the RBI policy today

Stock View: Sujana Tower

Sujana Tower stock's every dip has been supported by this long term green trendline. Buy Sujana Tower in the range of 51-52 with a stop loss of 47 on closing basis for targets of 60 in short term.

Stock View: ONGC

Double bottom at 965-970 will act as good support for the stock. Buy Ongc closer to 990 levels with a stop of 965 on closing basis and look for targets of 1040 in very short term.

Have a nice trading day

Regards

Ankit

Goldman's Fraud forces world markets to correct and we are no different.... But Avoid selling @ gap down opening, instead buy in the range of 5160-5180 with a stoploss of 5100.

Nifty View:

Dont sell at opening bell, wait for markets to settle down. 5155-5175 is a strong support zone and if this is broken then next support comes in around at 5100.

NIfty Option startegy:

Covered Call: Buy 5200 call @ opening bell( 50-60)  and Sell 5300 call ( 25-30 ) @ opening bell . ( As there is a gap down opening both options should be available around 50 % discount to previous closing price ).



Stock View: Taj Gvk Hotels

The stock gave a multi month breakout this week and touched a new 52 week high of 171. The stock is looking good on charts and may outperform markets

For traders: Buy Tajgvk around 164-166 with a stop of 158 and look for targets of 175/180.

For short term players: Buy Tajgvk around 164-166 with a stoploss of 150 on closing basis and look for targets of 185/200.

Have a nice trading day

Regards

Ankit

5230-5250 if broken then expect more selling which can take NIfty to 5190/5200. If stoploss is triggered in any stock then simply exit, learn to book losses.

Stock View: Tata Metallicks

The stock is looking great on charts. The stock can be bought above 155-156 levels and look for targets of 165 with a stoploss of 150 on closing basis.

Have a nice trading day

Regards

Ankit

5290 on the downside and 5400 on the upside are levels to watch out for, Breakout or Breakdown may lead to moves of 1-2% in Index

Stock View: Opto Circuits

The stock is trying to breakout from a narrow range since last 1 month and on tuesday it also a gave an unsuccessfull attempt but stock is looking good on charts due to triangle formation pattern. The stock can be bought at current levels of 225 with a stop loss of 220 look for short term targets of 234/240.

Stock View: Moser Baer

The stock has been underperforming since last 6 months and as a result of which 2 triangle patterns are visible on charts, one the broader and other one the smaller one for short term. The stock could bounce back till red resistance line. The stock can be bought at current levels of 75-76 with a stop loss of 70 and look for targets of 83/85 in short term.

Stock View:Kohinoor

The Kohinoor stock has given a breakout after many months with huge huge volumes. It gave a breakout on tuesaday but barely closed above its red trendline resistance. The stock is a good buy for a small trade at current levels of 65 with a stop loss of 62 and with short term targets of 70/75. The stock can also touch levels of 80-90 in short to medium term and for that revise your stoploss to 57.

Have a nice trading day


Regards

Ankit

5280 should be a trailing stoploss for your trading positions, A move above 5400 can tgt 5450/5470

NIfty View:

Buy Nifty on dips to 5305-5315 with a stoploss of 5280 and look for targets of 5345/5360.


Stock View: Mphasis

The stock has overhead resistances like the red trendline which is joining the major tops plus the 50 ema at 668. The stock can be bought above 664 with a strict stop loss of 655 for targets of 675/690. It is only for high risk traders as we are going against the trend of the stock and playing for a bounce back.

Stock View: TTML

The stock is underperforming the markets since a long long time, now if it shows strength can give a breakout to move ahead. The stock is facing lot of resistance in  25-25.5 zone as both red resistance lines are coinciding there, once it crosses that expect a 10% upmove on upside till 27.5-28. The stock should be bought only above the resistance zone with stoploss of 24 on closing basis and for above mentioned targets.

Have a nice trading day

Regards

Ankit

Why am i saying that 5450-5550 will act as a huge resistance for markets?? To know read this post

Nifty View:

This is almost a 2 year chart for Nifty and it is observed there are many overhead resistances at around 5500 and it would be a herculean task for Nifty to overcome them. Three reasons why this level should stop the ongoing party for bulls:
1) The level for  Parallel channel resistance formed in the chart comes out to be 5470-5500.
2) Highest closing for Nifty since Jan 2008 is 5463 on 4th Feb.
3) Highest intraday level achieved since Jan2008 is 5545.
So all these observations lead me to a conclusion that at 5450-5550 levels one should be overtly cautious and trade SAFE.

 Stock View:  Idea

As you see in the chart this red trendline is acting as a strong resistance for stock for the past one and a half years and recently it made the 6th attempt to cross this line but failed. Plus there is a green support line which is acting as a good short term support for the stock. The stock can be bought if it sustains above 69-70 zone for short term targets of 75/82 with a strict stoploss of 64. Look for higher vols in the stock while the stock is breaking out from the resistance zone.

Stock View: GSPL

Gspl stock bounced back with volumes from the important support of green supportline.Triangle breakout is  likely to be seen in this stock. The stock can be bought at current levels of93 with a strict stoploss of 90 with targets of 99-101 in short term.

Stock View: Aarti Drugs

Over head red resistance line needs to be crossed for a quick short term upmove plus there is a green support line placed also which will act as a good support. Buy Aarti Drugs above 115-116 for a quick move till 125/130 with a stop loss of 108. Watch out for the high volumes when there is a move above 115.

Have a nice trading day

Regards

Ankit

Recommendations given on blog give 12% Returns in last 28 days, Outperforming benchmark index Nifty by 8%

Please select the Fullscreen option on the top of document given below to get a clear view.

 Performance 6

Nifty cracks as was expecting... Now 5345-5355 will act as huge resistance for any attempt of bounce back, Below 5280 expect more weakness

Stock View: Essar Oil

Essar oil is trading in a 6- month triangle formation and it is now trying to breakout of that. Yesterday it did breakout but could not close above the red resistance line. For short term players Buy Essaroil at current levels of 150 with a stop loss of 145 and look for 159/162. For medium term players Buy Essar oil at 150 for medium term targets of 174/190 with a stop loss of 135 on closing basis.






Stock View: Vipind

A perfect triangle formation for Vipind. Now break of this triangle upwards can take the stock to much higher levels but the stock is a high beta stock and is a risky pick so trade in small qty. Buy Vipind above 284 with a stop loss of 273 with quick targets of 300/310.




Have a nice trading day

Regards

Ankit

Short term top of Nifty is round the corner...Nifty falls from 5400 as expected... 5400-5450 will act as strong resistance.

Nifty View:

As you see in the chart, there is a convergence of two red resistance lines which will act as a strong resistance. I feel that anytime a short term correction is possible from the blue zone ( 5400-5450 ), so stay very cautious at these levels. For Intraday traders, Sell Nifty below 5325 and look for targets of 5295-5280.





Stock View: Goa Carbon

The stock is witnessing a nice pattern on the chart, though it just need higher vols to breakout... The stock can be bought on dips to 115-116 with a stop loss of 110 for targets of 130 or momentum players buy it above 120 for the above mentioned target.



Have a nice trading day

Regards

Ankit

3 simple rules to conserve your profit at these levels..........Dont be over-leveraged , Be cautious at these levels and keep your trailing stoplosses

Stock View: Mtnl

The stock is witnessing a small flag pattern which would be broken on upside if MTNL gives a sustained move above 77.5. Buy Mtnl above 77.5 for very short term targets of 81/83 with a strict stop loss of 75. This is just a trading pick.




Stock View: Monnet Ispat

This stock is witnessing a pennant like structure which if broken out on upside will give quick returns. Buy Monnet Ispat above 450 for quick targets of 475/485 in very short term. Vols also started to pick up from yesterday, +ve sign for stock.




Stock View: Mukandltd

The stock is trading in a huge parallel channel since Aug 2009 and is trying to breakout from previous 52 week highs to reach to other end of channel. Buy Mukand only if it sustains above 72 for targets of 77/82 with a strict stop loss of 69 in short term.




Have a nice trading day

Regards

Ankit

When money making becomes so easy, then expect a fall is round the corner.... 5420-5450 is the next major resistance zone

Stock View: Bhel

Almost a parallel channel is formed in this stock and gave a good move yesterday. The stock if breaks out from this parallel channel could see straight up move.. Buy bhel above 2480 for quick targets of 2520/2550.



Stock View: Gic hsg fin

An obsolute triangle is formed in this stock and is looking good on the charts.. Volumes have also started to pick up... Buy Gic hsg fin at current levels of 90 for targets of 97/103 and stop loss of 86 on closing basis... Momentum play above 92




Have a nice trading day

Regards

Ankit

5360-5380 will act as next resistance zone, 5230-5240 as a good solid support.... Please keep a stoploss on all your trading positions

Stock view: Mro-tek

The stock is witnessing a very nice triangle chart pattern and is certainly looking very good on charts with vols picking up.... Buy Mro-tek at current levels of 34 with a stop loss of 29 with targets of 39/45 in short term. Momentum if it sustains above 36.





Stock View: Usha Mart

The stock has a huge resistance zone at 105-107 level, once if it crosses and sustains there could be some fireworks. EITHER Buy Ushamart on dips to 98-100 with a stop of 95 on closing basis with targets of 120 OR Buy Ushamart above 105-107 for quick targets of 115/120.




Have a nice trading day

Regards

Ankit

On the account of April Fool's Day, dont let market make a fool of you today and for this whole financial year. Trade and Invest wisely.

Nifty View:


As expected Nifty took support from 5240 and gave a intraday bounce back till 5290. Today If Nifty future breaks 5235 then expect 5200-5210 on the cards. Buy closer to 5200-5210 stop loss 5185 tgt 5240-5250.



Stock View: TV-18


The tv-18 stock was witnessing a consolidation pattern since last two months. Yesterday there was a small move with great volumes. The stock can be bought at current levels of 75 with a stop loss of 72 on closing basis and wait for short term targets of 83-84. Momentum once it crosses red resistance line. more momentum on the upside if it crosses blue resistance line which is placed at 85.



Have a Nice trading day

Regards

Ankit