Nifty : 4415... Buy till do not break 4405.
Stock Close stop loss target
_______________________________________________
MASTEK 369 366 380-391
ADLAB 527 ... Buy around 528-530 with target 537-545.. Sl-527
BRFL 348... Buy above 350 Sl-347 target can be 353-358
Hcl tech 228 Stop loss 227 target can be231-234
Reliance 2246.. Buy with stop Loss 2241 with target 2265-2281
State Bank.. can trade both way...........Close :1443... Buy with stop loss 1440 target betwn:1470-1478
If come down after reaching 1470-1475.. can expect target of 1444 again from this levels.
Market may open up. Market may up between 10.55 and 11.22 Market may steady or up side between 13.30 and 13.55. Market may close at up to previous closing.
SHARE YOUR THOUGHTS! LEAVE A COMMENTS
Opening Bell Call
Buy
ABB - ABB Limited
IVRCLINFRA - IVRCL Infrastructures & Projects Ltd.
NAGARFERT - Nagarjuna Fertilizer & Chemicals Ltd.
NEYVELILIG - Neyveli Lignite Corporation Limited
PUNJLLOYD - Punj Lloyd Limited
CHAMBLFERT - Chambal Fertilizers & Chemicals Ltd
On 20th August 2008 - The BSE Sensex closed at 14,678 (up 134 points) while the NSE Nifty closed at 4,415 (up 47 points).
Opening Bell Call
Sell
RENUKA - Shree Renuka Sugars Limited
TRIVENI - Triveni Engineering & Industries Limited
MRPL - Mangalore Refinery and Petrochemicals Ltd.
HDIL - Housing Development and Infrastructure Limited
INDIABULLS - Indiabulls Financial Services Limited
Technical Analysis for 21st August 2008
BSE-SENSEX - Major Support - 14669, 14631, 14592, 14550, 14507, 14426, 14345, 14264
BSE-SENSEX - Major Resistance - 14712, 14754, 14793, 14831, 14912, 14993, 15074
NSE-NIFTY - Major Support - 4404, 4390, 4375, 4355, 4335, 4301, 4266
NSE-NIFTY - Major Resistance - 4424, 4444, 4459, 4473, 4508, 4542, 4577
Sensex Technical View :
Sensex has seen some mild support around 14400 zones . Technically 14000-14400 zone on the lower side and 15500-15800 on the upside which are the major support and resistance bands in the short term . Traders can use these levels for stock specific positions or directional calls.
Stocks to watchout for :
Insecticides India gave a breakout above 60 hit 67 and looks good for 75 hold and add . Fundas are decent too.
Ansal Infra looks good for a bounce.
Rolta if able to sustain 345-350 on closing basis would mean a breakout on weekly charts and could go all the way to 390-400 ++ . Investors can look to add slowly on dips for long term only.
Speculative traders can watchout for Walchandnagar Inds and Gtl infra as they start trading in FNO segment from tom.
Market may open up. Market may up between 10.55 and 11.22 Market may steady or up side between 13.30 and 13.55. Market may close at up to previous closing.
SHARE YOUR THOUGHTS! LEAVE A COMMENTS
Opening Bell Call
Buy
ABB - ABB Limited
IVRCLINFRA - IVRCL Infrastructures & Projects Ltd.
NAGARFERT - Nagarjuna Fertilizer & Chemicals Ltd.
NEYVELILIG - Neyveli Lignite Corporation Limited
PUNJLLOYD - Punj Lloyd Limited
CHAMBLFERT - Chambal Fertilizers & Chemicals Ltd
On 20th August 2008 - The BSE Sensex closed at 14,678 (up 134 points) while the NSE Nifty closed at 4,415 (up 47 points).
Opening Bell Call
Sell
RENUKA - Shree Renuka Sugars Limited
TRIVENI - Triveni Engineering & Industries Limited
MRPL - Mangalore Refinery and Petrochemicals Ltd.
HDIL - Housing Development and Infrastructure Limited
INDIABULLS - Indiabulls Financial Services Limited
Technical Analysis for 21st August 2008
BSE-SENSEX - Major Support - 14669, 14631, 14592, 14550, 14507, 14426, 14345, 14264
BSE-SENSEX - Major Resistance - 14712, 14754, 14793, 14831, 14912, 14993, 15074
NSE-NIFTY - Major Support - 4404, 4390, 4375, 4355, 4335, 4301, 4266
NSE-NIFTY - Major Resistance - 4424, 4444, 4459, 4473, 4508, 4542, 4577
Sensex Technical View :
Sensex has seen some mild support around 14400 zones . Technically 14000-14400 zone on the lower side and 15500-15800 on the upside which are the major support and resistance bands in the short term . Traders can use these levels for stock specific positions or directional calls.
Stocks to watchout for :
Insecticides India gave a breakout above 60 hit 67 and looks good for 75 hold and add . Fundas are decent too.
Ansal Infra looks good for a bounce.
Rolta if able to sustain 345-350 on closing basis would mean a breakout on weekly charts and could go all the way to 390-400 ++ . Investors can look to add slowly on dips for long term only.
Speculative traders can watchout for Walchandnagar Inds and Gtl infra as they start trading in FNO segment from tom.
Nifty future showed strength yesterday but came down during closing.
today may open flat, and what we need to watch is yesterday's low of 4396, which is going to be a very important level for the day.
Breaking 4396, nifty can fall to 4374-4360.
for upside, nifty trading above 4425 is bullish for a tgt of 4442-4476 for the day.
however one needs to be cautious on longs as inflation data is expected today evening.
BREAKOUT
Breakouts HOCL and RCF. Click on the chart to enlarge
You can download breakout list and market data in excel format.
Link on side bar.Short list &trade.Trading method on side bar.
FII net sales at 1135 crores today.Respect your stops.
BREAKOUT
Breakouts HOCL and RCF. Click on the chart to enlargeYou can download breakout list and market data in excel format.
Link on side bar.Short list &trade.Trading method on side bar.
FII net sales at 1135 crores today.Respect your stops.
Stock : Pidilite Industries
CMP : Rs 142
Target : Rs 175
Time Frame : 4-5 months
Returns : more than 20%
Pidilite is the leader in all its major product categories viz., construction adhesives,art material
products, industrial pigments/resins. The company is taking the inorganic route to aggressively
products, industrial pigments/resins. The company is taking the inorganic route to aggressively
grow its presence in the international markets which presently accounts for 8% of the revenues.
The Buy call is Simply Based on the ROE. Return on Equity which is simply more than 20% every
Year for this Stock. Technically speaking the stock popped out just above the investors buying range
and also above 20 day EMA.
Gain is Slow and Steady. Fundamental players can stick to it!!
As said and expected all asian markets rebounded and gave the jerk to our markets ,which turned positive suddenly as predicted.
Technically the markets are running into an over stretched zone and could see a reaction .
Structurally the markets are still directionless and will give wild swings on both sides with bouts of volatility
Moreover the nifty is likely to face resistance at 4450-4475 levels , from where it could see a reaction.
So from a trading point of view , higher levels could be used for shorting following the resistances and supports.
The markets will remain sluggish and choppy , with stock specific movements.
The supports for the nifty is at 4350 levels and resistance at 4475 levels
The supports for the sensex is at 14500 levels and resistance at 14900 levels
Stocks to watch
Gtl infra
Thomas cook
Atlanta
Global vectra
Nifty :: Take good support and made Engulfing bull candle pattern, but still in indecisive mode.. That’s why avoid buying at higher level ..Momentum turn strong only above 4500.. Till then our strategy for 21st Aug. Sell at high (S.L 4500) Buy on dip (S.L 4339) In one level above 4414 momentum seems up, below 4414 momentum down.. Resistance for up move at 4427/4442/4476/4500.. Supports 4400/4368/4339/4317/4288
BUY JPHYDRO AT 56+ TGT - 57.70 -58 SL - 55
A bounce after a five day fall brings us up to stare at the overhead resistance at 4471 (red spot in the above chart). The trend remains down but a close above 4471 will give some confidence to go long and take another shot at 4654. So a DT (double top) in the making? (All levels are for Nifty Futures).
The Indian market opened on higher note and traded in the positive zone throughout the day. Nifty was trading positive throughout the session, we can see more upside towards 4464-4540 in coming session. On the lower side 4380-4400 will act as support zone.
Pasted above is the daily chart of Nifty zoomed in to see the most recent data along with the Fibonacci retracement levels. The rally that started in the middle of last month and which continued till the middle of this month and which measured almost 800 points has retraced by 38.2% and exactly from those levels it turned back. Fibonacci retracement levels are very helpful to determine support and resistance levels for the markets.
Not shown on the chart, but which was part of my analysis today, was the retracement levels of the recent decline from 4650 to 4316 and I found that during the current rally the market would retrace 38.2% at 4450, 50% at 4485 and 61.8% at 4520. So, these are some of the resistance points for the markets. 4450, as can be seen on the chart above, also happens to be the 23.6% retracement level which again should provide resistance. That does not mean that it will find resistance and turn back at one of these levels, but it remains a possibility
6. Answer to overseas Reader Query regarding Tata tea:
Tata Tea is a good stock and one can trade as per following parametres;
Torrent Power : (120.30) Buy Torrent Power above 119 for a short term target of 140. Stoploss at 110.
Everonn Systems : (532.80) Buy EVERONN above 527 for a target 545, if cross and close above 545 then next target is 570. Stoploss at 515.
Sensex : (14678.23) Today Sensex face resistance at 14769, if cross 14769 then goes up to 14860 and 14951. Sensex find support at 14565, if 14565 break then goes down up to 14452-14361.
Nifty : (4415.75) Today Nifty face resistance at 4446, if cross 4446 then goes up to 4477 and 4508. Nifty find support at 4374, if break 4374 then goes down up to 4333-4302.
As said and expected all asian markets rebounded and gave the jerk to our markets ,which turned positive suddenly as predicted.
Technically the markets are running into an over stretched zone and could see a reaction .
Structurally the markets are still directionless and will give wild swings on both sides with bouts of volatility
Moreover the nifty is likely to face resistance at 4450-4475 levels , from where it could see a reaction.
So from a trading point of view , higher levels could be used for shorting following the resistances and supports.
The markets will remain sluggish and choppy , with stock specific movements.
The supports for the nifty is at 4350 levels and resistance at 4475 levels
The supports for the sensex is at 14500 levels and resistance at 14900 levels
Stocks to watch
Gtl infra
Thomas cook
Atlanta
Global vectra
Nifty :: Take good support and made Engulfing bull candle pattern, but still in indecisive mode.. That’s why avoid buying at higher level ..Momentum turn strong only above 4500.. Till then our strategy for 21st Aug. Sell at high (S.L 4500) Buy on dip (S.L 4339) In one level above 4414 momentum seems up, below 4414 momentum down.. Resistance for up move at 4427/4442/4476/4500.. Supports 4400/4368/4339/4317/4288
BUY JPHYDRO AT 56+ TGT - 57.70 -58 SL - 55
A bounce after a five day fall brings us up to stare at the overhead resistance at 4471 (red spot in the above chart). The trend remains down but a close above 4471 will give some confidence to go long and take another shot at 4654. So a DT (double top) in the making? (All levels are for Nifty Futures).
The Indian market opened on higher note and traded in the positive zone throughout the day. Nifty was trading positive throughout the session, we can see more upside towards 4464-4540 in coming session. On the lower side 4380-4400 will act as support zone.BUY HDFCBANK ABOVE 1238 TGT 1250>1267STOPLOSS 1226
STOCK OF THE DAY :
NAME: GSPL AROUND 66
SL : 65
TRGT: 67.2-68
REVISED SL TO : 66 IF 66.8 IS ACHVD
The Nifty recovered today, as we had been expecting in the last two days. The signals were quite evident as there were multiple supports available between 4330 and 4380, as was mentioned in the post titled “Multiple Supports for Nifty Between 4330 and 4380”. While writing the newsletter last night, the global situation was bad but the Asian markets were good in the morning. The American markets today are flat while the European markets closed marginally in the green.
Pasted above is the daily chart of Nifty zoomed in to see the most recent data along with the Fibonacci retracement levels. The rally that started in the middle of last month and which continued till the middle of this month and which measured almost 800 points has retraced by 38.2% and exactly from those levels it turned back. Fibonacci retracement levels are very helpful to determine support and resistance levels for the markets.Not shown on the chart, but which was part of my analysis today, was the retracement levels of the recent decline from 4650 to 4316 and I found that during the current rally the market would retrace 38.2% at 4450, 50% at 4485 and 61.8% at 4520. So, these are some of the resistance points for the markets. 4450, as can be seen on the chart above, also happens to be the 23.6% retracement level which again should provide resistance. That does not mean that it will find resistance and turn back at one of these levels, but it remains a possibility
1. Indian stock market free direction tip: Market is looking weak. Sensex enjoys support at 14500 and the resistance for Sensex exists at 14850 and 15000 levels. F&O expiry will determine the trend.
2. Profit from tips of this financial website: BATA gave profit of Rs 160, bartronics gave a profit of Rs 140 and Punj Llyod gave profit of Rs 640 per 100 shares traded as per tip given.
3. Make money by knowing trend of stock market with strong future stocks data:
Rolta
Polaris Software
Ansal Prop
Aia Engineering
network 18
Balrampur Chini
Nagarjuna Fertilisers
Chambal Fertilisers
Deccan Aviation
Strides Arcolab
4. Get alerted about weak trend in a stock by knowing Weak future stocks data
Ndtv
Housing Devp
Amtek Auto
Aban Offshore
Reliance communications
Bombay Dyeing
Bharat Electronics
Indian Hotels
Sterling Biotech
Nucleus software
5. Indian stocks worth trading and likely to produce profit during day:
Buy KS Oil>69.1,69.9,70.65,72.5 sl 65.4
Buy Torrent power>122.1,123.2,126,128 sl 118.8
Buy Opto circuit>361.1,374,394 sl 356
Buy Polaris software>105.5,107,109 sl 103
6. Answer to overseas Reader Query regarding Tata tea:
Tata Tea is a good stock and one can trade as per following parametres;
If one intends trading stock for day trading than one can enter above 760.1
If one intends trading stock for long term investment than consider entering above 810.
Torrent Power : (120.30) Buy Torrent Power above 119 for a short term target of 140. Stoploss at 110.
Everonn Systems : (532.80) Buy EVERONN above 527 for a target 545, if cross and close above 545 then next target is 570. Stoploss at 515.
Sensex : (14678.23) Today Sensex face resistance at 14769, if cross 14769 then goes up to 14860 and 14951. Sensex find support at 14565, if 14565 break then goes down up to 14452-14361.
Nifty : (4415.75) Today Nifty face resistance at 4446, if cross 4446 then goes up to 4477 and 4508. Nifty find support at 4374, if break 4374 then goes down up to 4333-4302.
No comments:
Post a Comment