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

Closing above 5570-5600 will be considered as a big breakout. For Intraday :Buy Nifty futures above 5510-5515 with stoploss of 5495 and targets of 5535/5550

 
Sock View: Core Projects

 This is a 2 year chart of Core Projects. After the steep fall in Oct 2008 when stock was left to trade @ 1/6th of value it was trading before, since then the stock has been gradually moving up to regain those values. If you see on the charts a clear inverted head and shoulder pattern is visible which has taken more than 6 months to complete. Buy Core Projects only if it sustains above 283-285 with stoploss of 275 on closing basis and targets of 310/325 in short term. For medium term targets of 350/360 in 2-3 months, keep a stoploss of 265 on closing basis.

Have a  nice trading day

Regards

Ankit

Expect 30-40 point Intraday rally if Nifty spot crosses 5510-5515. The closing is a lot more important.

  
Stock View: Sintex

After a one side move from 260 to 380 in month of June and July, the stock consolidated between a tight range in August. A move above 370 will be considered as a breakout from the tight range. Buy Sintex only if it sustains above 370-372 with stoploss of 365 and look for targets  390/410 in short term.

Have a nice trading day

Regards

Ankit

5570-5600 is the next resistance zone which if crosses on daily /weekly closing basis then it would be a big breakout.

  
Stock View: Ranbaxy

Ranbaxy is looking hot above 500-501 in extreme short term as it is trading in the range of 20 points sice last few days. Buy Ranbaxy only if it sustains above 500-501 with stoploss of 493 and look for targets of 515/525 in short term..

Stock View: Tv -18

The stock has broken out from the consolidation pattern and is likely to move upwards. Buy Tv-18 @ current levels of 92-92.5 with stoploss of 88.5 and look for targets of 98/103 in short term..

Have a nice trading day

Regards

Ankit

Option Strategy : Reliance Industries ( Margin Required :75000, Max profit : 7500 )

       
Option Strategy


Short Strangle: Reliance September 960 call, 880 put



Recommended Strategy:



Sell Reliance Sept 960 call @ 14-15, also Sell Reliance Sept

880 put @ 14-15



Currently, September 960 Call and 880 Put options of NIFTY are

Hovering around Rs 15 and Rs 15 respectively, giving a total premium

inflow of Rs 30.



We recommend profit booking when total premium falls drastically to almost zero levels , with a stop

loss of Rs 45. The expected ROI (not annualized) from the strategy

is 10%, with an investment of Rs 75000 per lot (both sides

combined).



As per our derivative proprietary models, we expect Reliance to trade in

the zone of Rs 850 and Rs 990 during the September series.

Moreover, the profit zone for the above mentioned strategy is Rs

880 to Rs 960.


Pay-off Chart

Have a nice trading day

Regards

Ankit

As posted on Last Friday Nifty breaks 5440-5450 and achieves all targets till 5350 and bounces back from there. 5340/5350 will now act as a very good support , if broken expect 5260/5240. On the upside Nifty needs to cross 5480 to continue its upward march.

  
Stock View: Lakshmi Electrical (BSE)

This is a 2-year chart of Lakshmi Elec ( Bse ) and on the face of it stock is looking HOT on the charts. The stock has stiff resistance around 285/290, you can expect good moves if this is crossed in coming days. Buy Lakshmi Electrical only if it sustains /preferably closes above 285-290 with stoploss of 270 on closing basis and look for targets of 350/380 in short to medium term.

Have a nice trading day

Regards

Ankit