Tuesday, July 4, 2017

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

Monday, July 3, 2017

TRADE IDEA ON YESBANK


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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


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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

Thursday, June 29, 2017

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Wednesday, June 28, 2017

NIFTY GO LONG WITH STOP LOSS OF 9,470


YETERDAY'S star ALMOST HIT TGT 922 MADE LOW OF 923.20
TOTAL PROFIT: 11800 IN JUST 2 LOT
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Go long with a stop-loss at 9,470
The Nifty  fell, breaking below the psychological 9,500 level earlier in the day. However, NIFTY has reversed higher, after making an intraday low of 9,483.The support at 9,480 is holding well as of now. The immediate outlook is bullish. Resistance is at 9,523. A break above it can take NIFTY higher to 9,540 and 9,550.If NIFTY manages to breach above 9,550 decisively, the upmove can extend to 9,580 or even 9,600. But a pull-back from 9,550 can take NIFTY lower to 9,500 levels once again.Short-term traders with high risk appetite can go long. Stop-loss can be placed at 9,470 for the target of 9,540. The NIFTY will come under pressure only if it falls below 9,480. Such a fall can drag it to 9,465 and 9,440.


Tuesday, June 27, 2017

TRADE IDEA ON STAR FOR 28 JUNE 2017


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sell star below 935 TGT 922/915 SL 955
STAR , 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 negative movement with the breakout of the pattern at the support levels of 935 ; as the stock is managing to trade below its 22,50 and 200 days moving averages with the RSI of 40, one may expect the targets of 922/900 in the stock if it manages to sustain below the immediate resistance  level of 955.
DAILY CHART FOR STAR
SELL ON RISE with a stop-loss at 9,450

Friday, June 23, 2017

WEEKLY TRADING IDEA ON LUPIN


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BUY LUPIN ABOVE 1080 TGT 1100/1130 SL 1140
After showing correction from the higher level, now stock is trading in short term recovery phase, it is likely to continue the upside move in near term with the crossing of the resistance level of 1100 as the stock is managing to sustain above the level of 1020. One may get the targets of 1140,1160 in the stock with the stop loss of .It is likely to show correction with the breach of the support level of 1000, where one may initiate the short position in it for the targets of 980,970. while stop loss can be placed at 1040.  Primary trend of the LUPIN  is bullish. first resistance level seen on charts at 1100.
DAILY CHART FOR LUPIN:


Thursday, June 22, 2017

MARUTI ON ROAD FIRST TGT ACHIEVED


 BUY GIVEN AT 7300
TOTAL PROFIT: 19800 IN JUST 2 LOT

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Nifty To Break the 9580-9670 Range, buy on dips Until Nifty Holds 9580
NIFTY near-term outlook will remain bullish as long as hold above 9,670. Traders with a short-term perspective can buy nifty on dips with a stop-loss at 9,580 levels. nifty can test resistance at 9,705 and 9,725 in the near term. On the other hand, a decisive plunge below the key support band between 9,650 and 9,655 can pull the contract down to 9,630 and 9,610 levels. Exit Nifty all long positions and initiate fresh short positions only if Nifty closes below 9580 levels but until then every downfall would be an opportunity for traders to go long in the market.