Keep booking profits at higher levels , Nifty can fall 50-100 points if it sustains below 5340/5350

Stock View: Alstom Projects

This is a 12 month chart of Alstom Projects, after breaking out ( with huge vols )of the parallel channel formed in last 1 year the stock is consolidating between a tight range. Buy APIL only if it sustains above 710-712 with a stoploss of 690 on closing basis and look for targets of 745/770 in short term.

Have a nice trading day

Regards

Ankit

Short term bullishness vanishes if Nifty breaks 5340-5350 zone... Keep trailing stoploss to all your long positions.

Stock View: Arshiya

This is an eighteen month chart of Arshiya International and a clear inverted head and shoulder pattern is being obsevered on the charts with neckline and multiple tops resistance zone around 240-250 levels. Yesterday, the stock gave a huge breakout above this resistance zone but could not sustain at higher levels due to adverse market conditions. Buy Arshiya at current level of 255 and add in 235-240 zone with stoploss of 225 on closing basis and look for short term targets of 300/325 in 4-6 weeks and dor longer term targets of 400/450.

 Have a nice trading day

Regards

Ankit

Nothing much to do... Immediate support @ 5400-5410. On the upside series of resistance in the range of 5470-5530.

Stock View: Ksoils

This is a 15 month chart of Ksoils, the stock again has come near the trendline support zone 51-52 ( see 3 arrows , it has always bounced back from this trendline ).. Will it also do this time? If you see clearly in the charts after the trendline support zone there are multilple supports also in the range of 45-50, so it can be considered a good accumulation zone. Plus if you see RSI has also reached near the support zones from where the stock has bounced back in the past. Buy Ksoil in 2 parts -->> One at current levels of 51-53 and next at 45-47 levels with stoploss of 43 on closing basis and look for targets 64/70 in long term. Slow mover so only for patient investors.

Have a nice day

Regards

Ankit

Big Day today --> Rbi policy, Reliance and L&T results. Volatility would be high, trade less and safe. Midcaps displayed first signs of loosing steam yesterday.

Stock View: Lakshmi Machines

The stock has been consolidating between 1700-2100 odd levels since last 5 months from Mar 2010. Yesterday, it showed some signs of a breakout from this range. Buy Lakshmi machine (LAXMIMACH) only if it sustains above 2125-2130 with stoploss of 2050 on closing basis and look for targets 2280/2400 in 2 weeks time frame. Remember, buy only if it sustains above 2125-2130.

Have a nice trading day

Regards

Ankit

5470-5530 is a cautious zone. Stock specific moves to continue

Stock View : Pioneer Emb

This is a chart of Pioneer Embroideries from the small cap segment, As you can see the stock has been range bound between 15-25 since last 1 year from July 2009. Last friday, stock tried to breakout above 25-26 resistance zone with huge vols but could not sustain/close above it. Buy PioneerEmb only if it sustains above 26 with a stoploss of 26.5 and look for targets of 33/35 in short to medium term.

Have a nice trading day

Regards

Ankit

Cautious Zone !!! -->> 5470-5530.. Till you see Index in this zone expect good moves in midcaps/smallcaps

NiftyView:

Cautious zone!!!. Nifty 5470-5530 is a no-leverage, book some profits and get-out-of-punter- stocks zone too. A sustained move or  weekly/monthly close above this zone will only confirm that we have broken out from previous channel and now in a new territory. It doesnt mean that u will go against the trend and start shorting heavily, shorts at this point of time should only be a hedging tool. Book some longs too in this range or trail your stoploss now to 5350. We may see short term weakness if now Nifty falls below 5350.

Stock View: JP Associates

Jp Associates -->>Most underperforming index stock you may say. But now the stock is trying to breakout from 2 month long triangle. The stock ahould trade above 133-134 to give a clear sign. Buy JPassociates only if it sustains above 133-134 with a stop of 127 on closing basis and look for targets of 145/160 in short term.

Have a nice day

Regards

Ankit

Sometimes corrections are good for the markets. A gap opening expected today and yesterday it almost achieved first target of 5350-- missed by 3 points :)

Stock View: Zodiac Cloth

The stock's consolidation since last one month had resulted in formation of flag pattern on the daily charts of the stock. Yesterday stock broke out from this pattern and that too with huge vols as highlighted in this chart. Buy Zodiac Cloth at current levels of 550-555 with a stoploss of 536 on closing basis and look for targets of 590/625 in 5-10 days. Please trade small qty and if stoploss gets hit then exit.

Have a nice trading day

Regards

Ankit

5320/5350 are strong supports on downside, if broken we may head to 5240-5260.

Stock View: Time Techno

The stock has been consolidating in the range of 45-55 since Jan '10 and this has resulted in the formation of a triangle pattern of daily charts. If you see the volumes (highlighted) for last few days there is strong accumulation going in the stock. Buy Time Techno only if it sustains above 55-56 with a stoploss of 50 on closing basis and look for targets of 65/75 in short to medium term.

Stock View: Federal mogul

The stock has given a nice breakout from the up flag pattern with huge vols. The stock needs to sustain above 140 to confirm it a breakout. Buy Federal Mogul at current levels of 140-141 with a stoploss of 133 on closing basis and look for targets of 155/165 in 10-15 days

Have a nice day

Regards

Ankit

See we told you and gave a 5 pointer on 14th July to why you should book some profits. Still advising you to avoid leverage and book some profits as risk-reward ratio is less around 5400 zone.

Nifty View:

If Nifty Spot breaks trendline support on closing basis then as the arrow points we may be headed to multiple bottoms zone. Nifty spot sustaining/closing below 5300-5320 can lead Nifty to multiple bottoms support around 5225-5250. A small bounce from trendline support zone of 5300-5320 is also not ruled out.  

Stock View: Banco India

The stock broke out from triangle pattern with huge vols but couldnot cross the trendline resistance zone. There is also a good trendline support zone which can be used a parameter for stoploss for all long positions. Buy Banco India on dips to 117-119 with a stoploss of 113 on closing basis and look for targets of 130/140 in 2 weeks. Momentum players can catch it above 123-124 with stop of 117 but i still prefer buying on dips to 117-119.

Have a nice trading day

Regards

Ankit

Broader Market outperforms somewhat, this trend to continue till Nifty does not break 5230-5250 on closing basis.

Stock View: AdorWeld

Adorwelding stock is trying to breakout from previous tops around 220 plus there is a possible triangle formation also. Buy Ador Weld only if it sustains above 224-225 with a stoploss of 218 and look for targets 235-240 in extreme short term..

Stock View: Skumars

Skumars stock has given a breakout from its 2 month long triangle pattern and breakout has come with very good vols which is a good sign for the stock. Buy Skumars at current levels of 80 with a stoploss of 75 on closing basis and look for targets of 90/95 in 10-15 days.

Have a nice trading day

Regards

Ankit

As expected, Yesterday Nifty future reversed from strong resistance level around 5470. Immediate Support zone on the downside is placed at 5345-5360.

Stock View: Can Fin Homes

The stock has given a nice breakout on daily charts after consolidating in a beautiful triangle pattern and too with huge vols. The stock can be bought at current levels with a short term view of 7-10 days. Buy Canfin Homes at current levels of 132 with a strict stoploss of 126 on closing basis and look for targets of 145/155 in extreme short term.

Stock View: Garden Silk Mills

If you see on the charts since Nov 2009 the stock has been trading in a rectangular range bound zone of 67-85. Once it will breakout from this rectangular range bound zone then some quick moves in this stock can be expected. Buy Garden Silk Mills only if it sustains above 85.5-86 with a stoploss of 81 on closing basis and look for targets of 95/100 in short term..

Have a nice trading day

Regards

Ankit

Nifty resistance zone 5470-5520, Stock specific moves likely to continue.... Book some profits in this resistance zone

Nifty View:

Resistance zone: 5470-5520.... You just have to do 5 things:
1) Avoid Levereage... No stock buying on margin funding from brokerage houses
2) Get out of stocks (punter stocks ) which are not financially sound and u were stuck in that stock for months
3)Increase Cash: Book some profits as you deserve them, and ask for a payout.. Even if its a small amount --->> Go shopping or just spend them!!!... And Remember Cash lying in trading account is not equivalent to cash in hand.
4) Markets are approaching resistance zone of 5470-5520, that doesnt mean u will have naked short positions... You can Hedge your long positions but do go naked short. Short only when there is a sell signal and right now there is none.
5) Take rest, if you have been doing trading lot of trading since this May -->> upmove from 4800 to 5400... You dont have to catch every move in markets.. Wait for markets to decide themselves whether they want to take this resistance zone out or respect this resistance zone and correct to lower levels.

Stock View: Jp power

A perfect right angled triangle pattern been observed on the daily / weekly / monthly charts of Jaypee Power. Buy JPpower at current levels of 74 with a stoploss of 70.5 on closing basis and look for targets of 80/84 in short term...

Have a nice day

Regards

Ankit

Nifty playing with the last top... Dont be overleveraged at these levels and keep trailing stoplosses.

Stock View: Bajaj Elec

The stock has given a breakout with comparitively huge vols after making an inverted head and shoulder ( bullish ) pattern during Apr -July 2010. As you see on the charts there is a clear inverted head and shoulder pattern that was formed during past 3 months. Buy Bajaj Elec on dips to 235-238 with a stoploss of 225 and look for targets of 255/275 in short term..

Have a nice trading day

Regards

Ankit

As expected, Yesterday Nifty future faced strong resistance around 5330-5350... Today also resistance levels remain same and support zone of NIfty fut @ 5270-5280

Stock View: Infosystch

This is a daily chart of Infosys Technologies and its clearly visible that there are multiple tops around 2800-2850. Its forming a perfect triangle like pattern and therefore if it gives a breakout with huge vols then stock may be heading much higher from where it is today. Buy Infosys technologies only above 2850 with a stoploss of 2815 and look for targets of 2900/2950in short term.

Have a nice trading day

Regards

Ankit

5225-5240 somehow held by Bulls, Now they will show there real power if Nifty fut stays above 5330-5350

Stock View: Bhansali Eng ( BSE )

Finally Markets did something... Now watchout for resistance in Nifty futures at around 5350 and look for supports around 5265-5275 zone.

Stock View: Gati

As you can see in the chart, the stock has been making higher bottoms since October 2008 but on the upside it has not been able to cross 72-74 band. As a result of this we are witnessing a huge triangle pattern of one and a half year on the charts. Buy Gati only if it sustains and closes above 72-74 range with a stoploss of 69 on closing basis and look for targets of 87/95/110 in medium to long term.

Stock View: Venus Remedies

There is a beautiful cup and handle structure that is being witnessed in this chart which took 21 months to complete. This constitutes of a Larger cup and a Larger Handle( constituting 3 small handles ). The stock is facing stiff resistance near 305-310 zone which needs to be broken to confirm a big breakout. Buy Venus Remedies only if it sustains and closes above 305-310 with a stoploss of 280 on closing basis and look for targets of 350/377/395/450 in short to medium term.

Have a nice trading day

Regards

Ankit

Bharat Bandh then U.S. Band...... Low vols expected.. Watch out for 5200-5220 support zone

Stock View: Vimta Labs

This is a last 15 months chart of Vimta Labs and a clear flag pattern can be observed. The stock yesterday broke out from flag and closed above the upper end of the flag with vols that were highest clocked in last 12 months. To call it a perfect breakout the stock needs to sustain/close above the upper end of the flag for few days as the pattern was formed in 15 months so atleast few (3-5) days are required to confirm a breakout. Buy Vimta Labs on dips to 38-40 with a stoploss of 35 on closing basis and look for 50/65 in medium term.

Stock View: PNB

Clear Inverted Head and Shoulder pattern is observed on the daily charts of PNB. The stock is going ex dividend on 8th july so a late spike was observed in the stock yesterday. Buy PNB on dips in the range of 1055-1065 ( preferably after the stock is adjusted ) with a stoploss of  1025 on closing basis and look for 1125/1150 in short term.. P.S. you will not get a 12 rs final dividend on the stock as yesterday was the last day to buy to be eligible for dividend

Have a nice day

Regards

Ankit

Technical levels dont change with change in rates.... Nifty looks weak below 5200-5220 and may head to 5145-5160 if breaks this support zone

Stock View: Indo Wind Energy

We are witnessing a tilted inverted head and shoulder pattern by looking at the charts and that is definitely a bullish sign. Buy Indowind energy on dips to 52-52.5 with a stoploss of 49 and look for targets of 56/59 in very short term.

Stock View: Hitachi Home

The stock has been consolidating after the big move from 270 to 330. Now we are witnessing a triangle pattern in the stock along with a parallel channel. If it breaks out from the triangle pattern then upper end of the parallel channel should act as a next resistance. Buy Hitachi Home only above 325.5-326.5 with a stoploss of 319 and look for targets of 333/348 in extreme short term.

Have a wonderful trading day

Regards

Ankit

Nifty is still holding on to 5200-5220 support zone...On the upside 5280/5320 are the levels to watch out for.

Stock View: Blue Star

The stock has been moving in a channel since last one year, once it crosses and closes above the upper band of channel the stock would explode as this will be weekly breakout. For risky traders Buy at current levels of 435 with a stoploss of 410 or for conservative traders wait for a breakout above 442-443 and buy above this level with a stoploss of 425 and look for 475/505 in short term.

 Stock View: BF Utilities

This is a daily chart of BF Utilities and a falling wedge pattern is observed in the stock. The stock has been in a downward sloping wedge since Dec 09 and is now trying to breakout after buiding some sort of a base. For Risky Traders: Buy BF Utilities at current levels of 690-695 with a stoploss of 670 on closing basis and look for targets of 740/790 in short term. For conservative traders: Buy BF Utilities only if it sustains above 735-740 with a stoploss of 710 on closing basis and look for targets of 790/825 in short term.

Have a nice trading day

Regards

Ankit

As expected Nifty bounces back from trendline support of 5200-5220, If Nifty breaks this support zone we may head to 5140/5150

NIfty View:

BEFORE(posted on 28th) :      

                                                                                                                         

AFTER :

                                                                                                                                                                                                                                                                                       

Stock View: IDFC

This is a weekly chart of IDFC. The stock has given a daily/weekly/monthly breakout on the charts. Multiple tops around 176-177 level have been taken out and the stock also closed above it. For short term traders : Buy IDFC only if it sustains above 180.5-181.5 with a stoploss of 177 and look for 190/195 targets in short term. For Medium term traders: Buy Idfc part qty in the range of 177-178 and other part qty on dips 172-173 or above 180.5-181.5 with a stoploss of 166 on closing basis and wait for targets of 195/210 in medium term

Have a nice day

Regards

Ankit