EYE ON ACC ; BULLISH (10 JULY TO 14 JULY)

BUY acc ABOVE 1617 TGT 1630/1650 SL 1595

ACC , after showing correction from the higher level, now after giving breakout of its range bound movement, it is forming continuation pattern in short term charts, it is likely to continue the Positive movement with the breakout of the pattern at the resistance levels of 1617 ; as the stock is managing to trade above its 22,50 and 200 days moving averages with the RSI of 50, one may expect the targets of 1630/1650 in the stock if it manages to sustain above the immediate resistance  level of 1617. 200 EMA is seen as a strong support level of 1525. Strong resistance is seen at 1650.

DAILY CHART FOR ACC

FIFTH GEAR MARUTI ; WILL BREAK ALL THE HIGHS

BUY MARUTI ABOVE 7460 TGT 7520/7550 SL 7400

Primary trend of the MARUTI  is bullish and after giving breakout of its range bound movement, it is forming continuation pattern in short term charts, it is likely to continue the positive movement with the breakout of the pattern at the levels of 7500 ; as the stock is managing to trade above its 22& 50 and 200 days moving averages with the RSI of 68, one may expect the targets of 7520/7550 in the stock if it manages to sustain above the immediate support level of 7400.

DAILY CHART FOR MARUTI

GO SHORT ON NIFTY BELOW 9,600

FOR LIVE TRADING LEVELS WHATS UP 

ME ON 09039542248

BULLISH STOCKS: SIEMENS, RELIANCE, TATAELXSI

Nifty started the session on a positive note at 9,623 level and went on to record an intra-day high of 9,643. However, witnessing selling pressure at higher levels, the contract started to decline and marked an intra-day low of 9,595.Nifty is volatile. Traders with a short-term view can initiate fresh short positions on a decline below 9,600 levels. The NIFTY can decline and test support at 9,600. Further decline below 9,600 can find supports at 9,580 and 9,560 levels. On the other side, the nifty needs to decisively move beyond 9,640 levels to strengthen the bullish momentum and take nifty higher to 9,665 and 9,680 levels.

                                           On the daily charts, Nifty have formed a DOJI is a particular signal showing indecision about the direction of the market and it represents a tug of war between buyers and sellers. It simply shows that prices have moved above and below the opening price during the day, but then the session closed either exactly at or very near the opening price. The overall result is a standoff. It shows that neither the bulls nor the bears were able to gain control during the day and it is possible that a turning point could develop soon……..

DAILY CHART FOR NIFTY

TRADE IDEA ON YESBANK

FOR LIVE MARKET CALLS PING ME

ON 09039542248

BUY YESBANK ABOVE 1490 TGT 1520/1535 SL 1460

YESBANK is in bull run and is forming continuation pattern in short term charts, it is likely to show correction with the breach of the support level of 1450, where one may initiate the short position in it for the targets of 1430,1410. while stop loss can be placed at 1490.   Primary trend of the YESBANK is bullish and if it will able to sustain above  MONTHLY PIVOT POINT, then it will forming continuation pattern ; as the stock is managing to trade above its 22 and 55&200 days moving averages with the RSI of 58, one may expect the BUYING ABOVE 1490 and targets of 1520/1535 in YESBANK  if it manages to sustain above the immediate support level of 1450 .first resistance level seen on charts at 1535.

DAILY CHART FOR YESBANK

WEEKLY TECHNICAL VIEW ABOUT STAR

FOR LIVE MARKET CALLS PING ME

ON 09039542248
BUY star ABOVE 1000 TGT 1050/1100 SL 950

Primary trend of the STAR  is bullish and after giving breakout of its range bound movement, it is forming continuation pattern in short term charts, it is likely to continue the positive movement with the breakout of the pattern at the levels of 1000 ; Overall trend of the stock is bullish and after experiencing correction from the higher level. as the stock is managing to trade above its 22& 55 days moving averages with the RSI of 60, one may expect the targets of 1050/1100 in the stock if it manages to sustain above the immediate support level of 950. 200 EMA seen as a strong resistance at 1057. it is likely to experience fresh buying with the crossing of 200 EMA , where one may keep the targets of 1100,1120 in the stock with the stop loss of 950.

DAILY CHART FOR STAR