GO SHORT IN NIFTY AT 10140 WITH A STOP-LOSS AT 10190

Sensex opened strong and stayed in the positive zone for the major part of the session to hit a high of 32,348.30, but succumbed to late sell—off by investors dragged in down to a low of 32,126, before ending 27.75 points, or 0.09 per cent higher at 32,186.The Nifty opened at 10105 , made an intraday high of 10144 and make a low of 10078 and closed at 10096. Sentiment took a dramatic change particularly in the last one hour of trading with the lower opening of the European markets and investors started booking profits in broader markets at record levels. The outlook for nifty is buy on support or sell on resistance . Resistances are at 10125 and 10145. A fall to 10050 looks likely now. Inability to reverse higher from 10145 can drag nifty futures lower to 10100-10000.

                                Short-term traders can make use of bounces to go short at 10125-10145. Stop-loss can be placed at 10190 for the target of 10000. The downside pressure will ease only if the nifty futures manages to rise past 10145 decisively. But such a strong bounce looks less probable at the moment. 

LT IS IN SHORT TERM REVERSAL PHASE

SELL LT BELOW 1220 TGT 1200/1180 SL 1245

TECHNICAL VIEW:  After showing strong bullish movement , it  is forming a reversal pattern in short term charts, Primary trend of the LT is bearish. Strong Support level seen on daily chart at 1220. , it is likely to show correction with the breach of the support level of 1220, where one may initiate the short position in it for the targets of 1200/1180, while stop loss can be placed at 1245. On the other side It is likely to continue the upside move in near term with the crossing of the resistance level of 1235. as the stock is managing to trade above its 22& 50 and 200 days moving averages with the RSI of 70.  After breakout, the level of 1235 One may get the targets of 1250,1270 in the stock with the stop loss of 1220.

DAILY CHART FOR LT:

JUBLFOOD ; BREAKOUT ABOVE THE RESISTANCE LEVEL

BUY  JUBLFOOD ABOVE 1450 TGT 1470/1490 SL 1420

Primary trend of the JUBLFOOD  is bullish After showing consolidation at higher level, now stock is trading in uptrend, it is likely to continue the upside move in near term with the crossing of the resistance level of 1470 as the stock is managing to sustain above the level of 1450. One may get the targets of 1470,1490 in the stock with the stop loss of 1420.

as the stock is managing to trade above its 22& 55 and 200 days moving averages with the RSI of 70. 22 &55 EMA can see as a strong resistance at 1490. It is likely to experience fresh buying with the crossing the level of 1470 , where one may keep the targets of 1490-1500 in the stock with the stop loss of 1420.

DAILY CHART FOR JUBLFOOD:

KEEP AN EYE ON WIPRO THIS WEEK FOR 11-15 SEP 2017

BUY WIPRO ABOVE 297 TGT  302/305 SL 294

Primary trend of the WIPRO  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 297 ; as the stock is managing to trade above its 22& 50 and 200 days moving averages with the RSI of 65, one may expect the targets of 299/305 in the stock if it manages to sustain above the immediate support level of 294.

DAILY CHART FOR WIPRO

LONG WHITE CANDLE IN CHART SIGNALS FOR BAJFINANCE UPTREND

buy BAJFINANCE above 1935 TGT 1990/2030 SL 1890

Primary trend of the BAJFINANCE 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 1935 ; Overall trend of the stock is bullish and after experiencing short-term correction. as the stock is managing to trade above its 22& 55 and 200 days moving averages with the RSI of 70, one may expect the targets of 1990/2030 in the stock if it manages to sustain above the immediate support level of 1890.

DAILY CHART FOR BAJFINANCE:

KEEP AN EYE ON CEATLTD ON 07 SEP 2017

BUY  CEATLTD ABOVE 1760 TGT 1780/1830 SL 1730

Primary trend of the CEATLTD  is bullish. 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 1760 as the stock is managing to sustain above the level of 1760. One may get the targets of 1780,1830 in the stock with the stop loss of 1730.Overall trend of the stock is bullish. if the stock is managing to trade above its RSI of 50.And Ceatltd manages to sustain above the immediate support level of 1700.55 EMA can see as a strong resistance at 1760. It is likely to experience fresh buying with the crossing of 22 EMA , where one may keep the targets of 1800-1850 in the stock with the stop loss of 1730.

DAILY CHART FOR CEATLTD: 

ARVIND BULLISH; AS PREDICTED ON 04 SEP

ARVIND ROCKSS ACHIEVED TGT  TARGET 393

TOTAL PROFIT: 8500

FOR LIVE TRADING LEVELS WHATS UP ME

ON 09039542248

DAILY CHART FOR ARVIND

LONG WHITE CANDLESTICK IN ARVIND

BUY  ARVIND ABOVE 388 TGT 393/398 SL 380

Primary trend of the ARVIND  is bullish After showing correction from the higher level, now stock is trading in good recovery phase, it is likely to continue the upside move in near term with the crossing of the resistance level of 392 as the stock is managing to sustain above the level of 386. One may get the targets of 398,405 in the stock with the stop loss of 380.

Overall trend of the stock is bullish. as the stock is managing to trade above its 22& 55 and 200 days moving averages with the RSI of 60. It is likely to experience fresh buying with the crossing of 396 , where one may keep the targets of 405-410 in the stock with the stop loss of 380.

DAILY CHART FOR ARVIND: