Sensex Technical View :The momentum on the index seems to be slowing down. Volumes have not increased sharply on cross of 15k. Lot many indicators are giving negative divergences ( but thats been seen since 12k :)
Simple approach suggests recent bottoms around 14600 is a level to watch for any trend change or dips. Till then continue to trade with long bias and a possibility of 15500/16200 remains open till the level is not breached on closing basis.
Stocks to watchout for :
Click to enlarge chart. Cadilla view posted.
GAIL chart earlier posted is still in the range but if stays above 318-320 can expect a quick 10-15% move in short term. Keep a stop of 304 if trade triggers.
ITC has taken a dip and has good support around 1801-185. Buy on dips to 185 zone with a stop of 179 for a bounce back to 195-200. FMCG stocks like Nestle also looks good.
ING Vysysa Bank
The stock has seen huge volumes with 90% delivery. Stock can move up to 210-230 in short term. Buy on dips with a stop of 170.
YUKEN India,Bosch and Asahi India glass look good on charts but stocks only for investors who can patiently sit back and wait.
SMALL CAP STOCKS which fundamentally sound people can check and post back :) Prices seem to be suprressed due to market conditions.
Cerebra Int
CS Software
Dhampur Speciality Sugars
Intell Visions Soft ( FIIS like Merill and Goldman hold 20% stake still holding ! )
Tyche peripheral
Japanese Yen give n classic Cup and Handle Breakout for 108 moving head multiple reistances 102-105.
Usd INR is near major support zone and over sold one can go long stoploss 46.20 tgt 48-49 and closing below
46 $ it can test 45-44 zone . view attached chart ...........
Nifty weekly chart seen breakout and close above major downward sloping line next resistances 4650 and strong support 4450-4190
Last week sensex gained 3.3 % and nifty 3.1% respectively sensex close with thirteenth consecutive weekly gain. On daily chart nifty had form Gravestone Doji that is bearish pattern on top indicating reversal sign . but it should break Friday low for confirmation .The Rsi is still high and market are overbought zone on upside 4650-4750 will act as strong resistances zones . There is mixed shorterm signal still bullish on weekly chart but stretched on daily chart .For coming week closing below 4559 levels it can test 4479 -4420 zone, other side closing above 4620 it can test 4674-4710 levels .
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The Indian market opened on higher note tracking positive cues from global market and close with positive note . For coming session on hourly charts witnessing negative divergences on rsi .On the higher side we are seeing selling pressure and nifty reach at the end point of band ready to break out or breakdown .Any thing below 4540 levels we can see sell off and can test 4509-4460 levels .On the upside 4649-4679 will act as resistances zones. crucial
NIFTY : (4586.90) Today Nifty face resistance at 4630, if cross 4630 then goes up to 4670. Nifty find support at 4553, if 4553 break then fall up to 4520 and 4500.
AXIS BANK : (738.50)
Buy Above 742 target 1-752, target 2-765, stop loss 729
Sell Below 727 target 1-716, target 2-677, stop loss 742
ICICI BANK : (754.75)
Buy Above 755 target 1-766, target 2-780, stop loss 750
Sell Below 750 target 1-734, target 2-694, stop loss 755
ITC : (191.35)
Buy Above 190 target 1-200, target 2-223, stop loss 180
GE SHIP : (305)
Sell Below 302 target 1-293, target 2-280, stop loss 311
JSW STEEL : (585.80)
Sell Below 585 target 1-575, target 2-560, target 3-545, stop loss 600
SCI : (144.65)
Sell Below 145 target 1-140, target 2-134, stop loss 150
STERLITE : (672.35)
Sell Below 670 target 1-660, target 2-646, stop loss 683
Nifty Spot
R-4595/4630/4670.
S-4554/4520/4479.
Nifty Fut
R-4600/4640/4684.
S-4555/ 4516/ 4471.
Sensex
R-15120/15243/15381.
S-14980/14855/14717.
Last friday our buy call four target's achived . Sell call not active. Coming monday Nifty Buy abv 4600 Sl 4555 tgt 4620,4640,4660 and 4690 levels. Nifty Sell Below 4555 Sl 4600 Tgt 4535,4520,4490 and 4470 levels.
Nifty :: Once again an Spinning top candle pattern near our stop loss level.. Nifty given breakout above 4586 but still facing strong resistance near 4650.. Watch this level for further up move.. For 8th Jun watch two strong support level 4566/4560.. Below it next Nifty target near 4450/4430.. From last week we constantly say’s that avoid buying at high.. Healthy correction due within 2/3 days . Be cautious at higher level use every high for profit booking.. Our strategy for 8th Jun sell at high (S.L 4650) Buy on deep (S.L 4450).. Resistance for up move at 4617/4650/4694/4719/4788.. Supports at 4566/4560/ 4450/4430..
Japanese Yen give n classic Cup and Handle Breakout for 108 moving head multiple reistances 102-105.Usd INR is near major support zone and over sold one can go long stoploss 46.20 tgt 48-49 and closing below
46 $ it can test 45-44 zone . view attached chart ...........
Nifty weekly chart seen breakout and close above major downward sloping line next resistances 4650 and strong support 4450-4190
Last week sensex gained 3.3 % and nifty 3.1% respectively sensex close with thirteenth consecutive weekly gain. On daily chart nifty had form Gravestone Doji that is bearish pattern on top indicating reversal sign . but it should break Friday low for confirmation .The Rsi is still high and market are overbought zone on upside 4650-4750 will act as strong resistances zones . There is mixed shorterm signal still bullish on weekly chart but stretched on daily chart .For coming week closing below 4559 levels it can test 4479 -4420 zone, other side closing above 4620 it can test 4674-4710 levels ..
The Indian market opened on higher note tracking positive cues from global market and close with positive note . For coming session on hourly charts witnessing negative divergences on rsi .On the higher side we are seeing selling pressure and nifty reach at the end point of band ready to break out or breakdown .Any thing below 4540 levels we can see sell off and can test 4509-4460 levels .On the upside 4649-4679 will act as resistances zones. crucial
NIFTY : (4586.90) Today Nifty face resistance at 4630, if cross 4630 then goes up to 4670. Nifty find support at 4553, if 4553 break then fall up to 4520 and 4500.
AXIS BANK : (738.50)
Buy Above 742 target 1-752, target 2-765, stop loss 729
Sell Below 727 target 1-716, target 2-677, stop loss 742
ICICI BANK : (754.75)
Buy Above 755 target 1-766, target 2-780, stop loss 750
Sell Below 750 target 1-734, target 2-694, stop loss 755
ITC : (191.35)
Buy Above 190 target 1-200, target 2-223, stop loss 180
GE SHIP : (305)
Sell Below 302 target 1-293, target 2-280, stop loss 311
JSW STEEL : (585.80)
Sell Below 585 target 1-575, target 2-560, target 3-545, stop loss 600
SCI : (144.65)
Sell Below 145 target 1-140, target 2-134, stop loss 150
STERLITE : (672.35)
Sell Below 670 target 1-660, target 2-646, stop loss 683
Last Friday market heavy voltile and winding upto 4580 to 4620 level only. Suddenly market will go uptrend upto 4640 levels. But Closing market it will come 4590 levels. Coming Monday market we expect small correction upto market 4420 to 4320 levels. This level good buying oppertunity in short and long term invester ready to buy this levels. But the market will trade 4620 level again market will go uptrend continued upto 4920 levels. The Nifty Next uptrend Resistance are 4620,4640,4655,4680,4720,4735,4750,4790,4820.4850,4890 and 4920 levels this all important Resistance levels. This levels Nifty will cross market bullish upto 5200 levels. The nifty 4320 level is strong and good support in markets.
R-4595/4630/4670.
S-4554/4520/4479.
Nifty Fut
R-4600/4640/4684.
S-4555/ 4516/ 4471.
Sensex
R-15120/15243/15381.
S-14980/14855/14717.
Last friday our buy call four target's achived . Sell call not active. Coming monday Nifty Buy abv 4600 Sl 4555 tgt 4620,4640,4660 and 4690 levels. Nifty Sell Below 4555 Sl 4600 Tgt 4535,4520,4490 and 4470 levels.
Currently NIFTY is on very CRUCIAL levels. All move & levels of NIFTY are important & such levels are decide current undecided trend & can see particular trend for next short future.
From last 2 days NIFTY close above 4560 which is good Resistance of nifty.
For NIFTY 4630-50 levels are very tough levels from which NF can come back after touch. Such levels will be come 4430-4370-55-4324-4265-(4191may be come up level)-4136-4021.
If Nifty cross 4630-50 level & sustain above 4655 (with good volume) then we can see 4730-4855-4940-80-5000-21. If close above 5070 then can see good upside move 5210-5260.
NOTE:
THESE ALL LEVELS ARE POSITIONAL LEVELS FOR JUNE, JULY & AUGUST MONTHS.
One can do buy/sell nifty with such levels as STRICT SL & .TGTs.
A shooting star is a candle with a long upper shadow, with little or no lower shadow , and a small real body near the lows of the trading session. It is a single day bearish pattern when it appears in an uptrend. It opens higher, trades much higher, then closes near its open. Ideally the upper shadow should be at least twice the real body . The shooting star on Friday has an upper shadow which is four times the real body.
The weekly as well as the daily oscillators are in the overbought region . First sign of bearishness of the shooting star will be confirmed if we break the recent channel , shown on Daily chart, which has support at 4560. Strong supports are available at 4446-4451, which is also the level where Nifty has taken support since 29th May,2009. Weekly support from the channel is at 4417. Thus we may consider 4400 as trailing stop loss for positional longs.
The half hourly charts show 4565 as important support as it provided support twice on friday. It is also the 38.2% retracemnet level of rise from 4451.
Let's not forget the dominant trend, which is UP. Resistances are at 4650-4800. I would rather buy on a dip than go short at the first signal of weakness. This is a liquidity driven market and India seems to be the favourite flavour of most analysts.
Nifty Daily Chart
Nifty Half Hourly Chart
Nifty Half Hourly Chart
Nifty Weekly Chart
Nifty Daily Chart
Nifty failed to break out or break down from the Inside day pattern range of 4451-4586. The momentum though was up as the Nifty did trade above 4586 for most part of trade on Friday. Fear of overheated markets led to profit booking, resulting in two way movements and finally forming a shooting star, though a longer upper shadow would have been ideal looking to the wider trading range of past few days.A shooting star is a candle with a long upper shadow, with little or no lower shadow , and a small real body near the lows of the trading session. It is a single day bearish pattern when it appears in an uptrend. It opens higher, trades much higher, then closes near its open. Ideally the upper shadow should be at least twice the real body . The shooting star on Friday has an upper shadow which is four times the real body.
The weekly as well as the daily oscillators are in the overbought region . First sign of bearishness of the shooting star will be confirmed if we break the recent channel , shown on Daily chart, which has support at 4560. Strong supports are available at 4446-4451, which is also the level where Nifty has taken support since 29th May,2009. Weekly support from the channel is at 4417. Thus we may consider 4400 as trailing stop loss for positional longs.
The half hourly charts show 4565 as important support as it provided support twice on friday. It is also the 38.2% retracemnet level of rise from 4451.
Let's not forget the dominant trend, which is UP. Resistances are at 4650-4800. I would rather buy on a dip than go short at the first signal of weakness. This is a liquidity driven market and India seems to be the favourite flavour of most analysts.
NIFTY VIEW :- SUP 4242 - 4279 -4343 -4381-4404-4444-4488-4501-4555 RESI 4601 -4646 -4777-5000 - 5555 - 6000 .... RIL IND VIEW :- SUP 1999 - 2121 - 2146 - 2188 - 2204-2222-2244 RESI 2346 - 2401-2444-2500 ....... !!!! TATACOMM RADY FOR BIG MOVE 400 TO 500 RS JUMP HEADING TOWORDS 1000 , SCI , GSPL , PENINSULA , PIDILITE , NAVNEET, BUY VISHAL INFO VERY SOON 88/127 ... BONUS AND SOME ANNOUSMENT U WILL SEE IN 3 TO 4 DAYS .SEE OUR MRPL WE GIVE AT 67 NOW SEE ROCKINGGG ..... HPCL HPCL HPCL HOT HOT HOT ...DONT MISS FOR 7 DAYS ...... AND RCOM........!!!! BAJAJ AUTO FIN ...!!! AND SHREE RAM TRANSPORT ....!!! BOTH HOT ....DEL PICKS TATA ELXI AND ENIL ...DONT MISS .... HPCL TRUE HOT CALL 
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