Friday, September 29, 2017
Thursday, September 28, 2017
IOC TURNS FROM BEARISH TO BULLISH
BUY IOC ABOVE 402 TGT 408/411 SL 395
Primary trend of the IOC is bearish and After showing correction from the higher level, now stock is trading in short-term recovery phase, 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 402 ; as the stock is managing to trade above its 200 days moving averages with the RSI of 402, one may expect the targets of 408/411 in the stock if it manages to sustain above the immediate strong support level of 400.22&55 EMA seen as a strong resistance at 412. If IOC will give Breakout above 412 then one may expect the targets of 416/422.
DAILY CHART FOR IOC
Wednesday, September 27, 2017
INDIA-MYANMAR BORDER DISPUTE WAS THE CAUSE OF DOWNFALL OF NIFTY
The
sensex ended the day at a near 3-month low of 31,159, down 439 points or 1.39
per cent, while nifty closed at 9,735.75, down 1.38 per cent or 135.75 points,
hitting its one-and-a-half month low level, as the Indian Army today
inflicted “heavy casualties” on NSCN(K) cadre during an operation along
the India-Myanmar border. Indices fell over 1% on Wednesday, losing for seventh
straight session after army conducted operation along India-Myanmar border.
NIFTY MOVED ON OUR WORDS ...... As yesterday we have
predicted that further downfall would be seen in the market and traders
should hold short positions . We have also predicted that downfall is open up
to 9730 levels for Nifty where its next support exists and exactly same
happened. Indian Stock Market fell down sharply and saw lows at 9718.25 for
Nifty near its support and unable to rebound from there. Finally, bulls
vanished from the market.
For tomorrow Short-term traders can make use
of bounces to go short at 9780-9800. Stop-loss can be placed at 9850 for the
target of 9720/9680. The downside pressure will ease only if the nifty
futures manages to break 9900 decisively. But such a strong bounce
looks less probable at the moment. The support for the Nifty is
9710-9680-9650-9630-9600 and the resistance to the up move is at
9790-9820-9860-9900-9920 levels.
DAILY CHART FOR NIFTY
Tuesday, September 26, 2017
GO SHORT IN NIFTY AT 9910 WITH A STOP-LOSS AT 9950
The Sensex on Tuesday dropped 27 points to end at nearly one-month low of 31,599, extending its losing streak for the sixth day. Nifty settled lower by 1 point, or 0.01%, at 9,871. During the session, it moved between 9,891 and 9,813. nifty trimmed most of its intraday losses to end flat with Nifty reclaiming its crucial 9,850 mark ahead of derivatives expiry of September series due on Thursday. Sensex closed lower by 26 points, or 0.08%, to 31,599, while Nifty edged down 1.10 points, or 0.01%, to 9,871.
Technically, Short-term
traders can make use of bounces to go short at 9910-9915. Stop-loss can be
placed at 9950 for the target of 9850/9830. The downside pressure will ease
only if the nifty futures manages to break
9925 decisively. But such a strong bounce looks less probable at the moment.
DAILY CHART FOR NIFTY
Monday, September 25, 2017
MARUTI BEARISH; AS PREDICTED ON 22 SEP 2017
MARUTI ROCKSS ACHIEVED FINAL TARGET 7900
TOTAL PROFIT: 22500
FOR LIVE TRADING LEVELS WHATS UP ME
FOR LIVE TRADING LEVELS WHATS UP ME
ON 09039542248
DAILY CHART FOR MARUTI
Friday, September 22, 2017
MARUTI IS IN SHORT TERM REVERSAL PHASE
sell MARUTI ABOVE 8050 TGT 8000/7900 SL 8120
TECHNICAL VIEW: After showing strong bullish movement , it
is forming a reversal pattern in short term charts, Primary trend of
the MARUTI is bearish. Strong Support level seen on daily chart
at 8050. , it is likely to show correction with the breach of the support
level of 8050, where one may initiate the short position in it for the targets
of 8000/7900, while stop loss can be placed at 8120. On the other side It
is likely to continue the upside move in near term with the crossing of the
resistance level of 8150. as the stock is managing to trade above its
22& 50 and 200 days moving averages with the RSI of 60. After
breakout, the level of 8150 One may get the targets of 8200,8260 in the stock
with the stop loss of 8050.
DAILY CHART FOR MARUTI:
Thursday, September 21, 2017
SENSEX ENDS MARGINALLY LOWER , NIFTY ABOVE 10,100
The Sensex on Thursday fell by 30 points
to 32,370, extending losses for a third day, due to capital outflows by foreign
funds after the US Federal Reserve announced plan to wind down stimulus
measures and hinted at another interest rate. Market end flat after pharma stocks rallied on positive corporate announcements.
The Nifty Pharma index rose over 3% hitting 7-week high on
Thursday. And Banking
stocks fell. Andhra Bank fell 4%, Bank of India 3%, Syndicate Bank 2.6%,
Karnataka Bank 2.6%, Punjab National Bank 2.3%, Canara Bank 2.1%, Allahabad
Bank 2.1%, ICICI Bank 2%, Oriental Bank of Commerce 2%, Indian Bank 2%, Bank of
Baroda 1.8% and South Indian Bank 1.7%. Dr Reddy’s Laboratories Ltd
surged over 6.5% to Rs2,462.90
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