NSE NIFTY Update: 20 Jan 2016

In my last post dated 17 Jan 2016, I shared the monthly charts with you all. Today is the weekly chart. The good news is we are having a free falls as indicated by the charts.

Support: 7242, 6861
Resistance: 7419,7540,7640, 7725, 7935

Note: The above is not a research report but information as available on public domain and it should not be treated as a research report. Any information discussed on the blog is for information purpose  only. People are themselves responsible for any profit/loss arising on trading on such information.

Registration status with SEBI: I am not registered with SEBI under the (Research Analyst) regulations 2014 and as per clarifications provided by SEBI: “Any person who makes recommendation or offers an opinion concerning securities or public offers only through public media is not required to obtain registration as research analyst under RA Regulations”

Disclosure: It is safe to assume that I have the stock in my portfolio/trading position and hence my point of view will be biased. Readers should consult their financial advisory before any investments.

Warning: Stock trading is high risk activity and can lead to loss of up to 100% of invested capital.

NSE NIFTY Update: 17 Jan 2016

In my last post dated 12 Jan 2016, I shared the weekly charts with you all. Today is the monthly chart. The bad news is we have broken the support levels on monthly charts. So, don't expect an immediate reversal or heavy upside movement in some time to come.

Time to start accumulating your favorite stocks via SIP's and lump sum purchases. The bad time brings the best bargains. If you don't have a 10 years investment view on stock market stick with small saving instruments.

Should we try to get in the game of predicting markets. I don't think so.

Support: 7419

Resistance: 7540,7640, 7725, 7935

Note: The above is not a research report but information as available on public domain and it should not be treated as a research report. Any information discussed on the blog is for information purpose  only. People are themselves responsible for any profit/loss arising on trading on such information.

Registration status with SEBI: I am not registered with SEBI under the (Research Analyst) regulations 2014 and as per clarifications provided by SEBI: “Any person who makes recommendation or offers an opinion concerning securities or public offers only through public media is not required to obtain registration as research analyst under RA Regulations”

Disclosure: It is safe to assume that I have the stock in my portfolio/trading position and hence my point of view will be biased. Readers should consult their financial advisory before any investments.

Warning: Stock trading is high risk activity and can lead to loss of up to 100% of invested capital.

NSE Nifty 12 Jan 2016 Update

This is the weekly chart of NSE Nifty

Although, the support levels given below belongs to daily chart. My weekly chart says its already a break down.

Can wait another week for trying to forecast the lower target levels.

The nifty broke the level of 7540 today and testing the water of 7500.

Support: 7419

Resistance: 7540,7640, 7725, 7935

Note: The above is not a research report but information as available on public domain and it should not be treated as a research report. Any information discussed on the blog is for information purpose only. People are themselves responsible for any profit/loss arising on trading on such information.

Registration status with SEBI: I am not registered with SEBI under the (Research Analyst) regulations 2014 and as per clarifications provided by SEBI: “Any person who makes recommendation or offers an opinion concerning securities or public offers only through public media is not required to obtain registration as research analyst under RA Regulations”

Disclosure: It is safe to assume that I have the stock in my portfolio/trading position and hence my point of view will be biased. Readers should consult their financial advisory before any investments.

Warning: Stock trading is high risk activity and can lead to loss of up to 100% of invested capital.

NSE NIFTY 11 JAN 2016 Update

This is the weekly chart of NSE Nifty

The nifty broke the level of 7725 already and testing the water of 7540.

Support: 7540, 7419

Resistance: 7640, 7725, 7935

Time to go short may be yes, may be no. I am not a trader, why the hell should I care :)

Note: The above is not a research report but information as available on public domain and it should not be treated as a research report. Any information discussed on the blog is for information purpose only. People are themselves responsible for any profit/loss arising on trading on such information.

Registration status with SEBI: I am not registered with SEBI under the (Research Analyst) regulations 2014 and as per clarifications provided by SEBI: “Any person who makes recommendation or offers an opinion concerning securities or public offers only through public media is not required to obtain registration as research analyst under RA Regulations”

Disclosure: It is safe to assume that I have the stock in my portfolio/trading position and hence my point of view will be biased. Readers should consult their financial advisory before any investments.

Warning: Stock trading is high risk activity and can lead to loss of up to 100% of invested capital.

DCW Ltd 11 Jan 2016 Update

In the last post dated 05 Jan 2016, it was expected that the stock will continue with its up move and here we are at multi year high.

Honestly, I am now super hopeful of the stock price movement. In case similar to above, the stocks normally double or triple in next 1 year.

So, do I have the balls to hold the stocks I already own, the answer is Yes.

The bigger question is do you have the balls to hold on to your position :)


Note: The above is not a research report but information as available on public domain and it should not be treated as a research report. Any information discussed on the blog is for information purpose only. People are themselves responsible for any profit/loss arising on trading on such information.

Registration status with SEBI: I am not registered with SEBI under the (Research Analyst) regulations 2014 and as per clarifications provided by SEBI: “Any person who makes recommendation or offers an opinion concerning securities or public offers only through public media is not required to obtain registration as research analyst under RA Regulations”

Disclosure: It is safe to assume that I have the stock in my portfolio/trading position and hence my point of view will be biased. Readers should consult their financial advisory before any investments.

Warning: Stock trading is high risk activity and can lead to loss of up to 100% of invested capital.

NIFTY Update 06 Jan 2016

Previous update dated 23 DEC 2015

No absolute change in my view.

The nifty broke the level of 7935 for a day or two but could not sustain 3 days of close above the levels and all of us know the result of that.

Same way it fell to 7721 yesterday but closed above 7725

Its a range bound trading these days better to trade using Butterfly strategy.

Support: 7725, 7540

Resistance: 7935, 8164

Note: The above is not a research report but information as available on public domain and it should not be treated as a research report. Any information discussed on the blog is for information purpose only. People are themselves responsible for any profit/loss arising on trading on such information.

Registration status with SEBI: I am not registered with SEBI under the (Research Analyst) regulations 2014 and as per clarifications provided by SEBI: “Any person who makes recommendation or offers an opinion concerning securities or public offers only through public media is not required to obtain registration as research analyst under RA Regulations”

Disclosure: It is safe to assume that I have the stock in my portfolio/trading position and hence my point of view will be biased. Readers should consult their financial advisory before any investments.

Warning: Stock trading is high risk activity and can lead to loss of up to 100% of invested capital.

Siyaram Silk 05 Jan 2016

This is one of the classic case of stocks giving respect to resistance levels.

After crossing one of the weekly trend line, it respected the higher levels of another trend line. The fall can be temporary and the stock might re-try to test the all time highs.

Lets wait and see the game.

Note: The above is not a research report but information as available on public domain and it should not be treated as a research report. Any information discussed on the blog is for information purpose only. People are themselves responsible for any profit/loss arising on trading on such information.

Registration status with SEBI: I am not registered with SEBI under the (Research Analyst) regulations 2014 and as per clarifications provided by SEBI: “Any person who makes recommendation or offers an opinion concerning securities or public offers only through public media is not required to obtain registration as research analyst under RA Regulations”

Disclosure: It is safe to assume that I have the stock in my portfolio/trading position and hence my point of view will be biased. Readers should consult their financial advisory before any investments.

Warning: Stock trading is high risk activity and can lead to loss of up to 100% of invested capital. 

Arvind Ltd 05 Jan 2016

As expected in the previous post of 23 Dec 2015, the stock is able to easily deliver 8% returns in short period of time.

It moved from Rs 334 to Rs 361 today. The movement have just begun.

This movement might just be the tip of the iceberg so stay tuned for more action and adventure in the stock.

Do you have the balls to hold the trade :)

Note: The above is not a research report but information as available on public domain and it should not be treated as a research report. Any information discussed on the blog is for information purpose only. People are themselves responsible for any profit/loss arising on trading on such information.

Registration status with SEBI: I am not registered with SEBI under the (Research Analyst) regulations 2014 and as per clarifications provided by SEBI: “Any person who makes recommendation or offers an opinion concerning securities or public offers only through public media is not required to obtain registration as research analyst under RA Regulations”

Disclosure: It is safe to assume that I have the stock in my portfolio/trading position and hence my point of view will be biased. Readers should consult their financial advisory before any investments.

Warning: Stock trading is high risk activity and can lead to loss of up to 100% of invested capital.

DCW 05JAN2016

Interesting chart for DCW.

In the last post dated 23 Dec 2015, I was expecting a breakout for the stock. Which happened and followed by some small correction along side the markets but the stock did not stop making new 52 week highs on almost daily basis since then.

Currently the stock is trading at Rs29 ie 16% up from closing levels of 23rd Dec ie Rs 25.05.

Trading can be fun and profitable but I am still to take the dip in the holy Ganga :)

Kitna aur dega?
This is hitting another long term resistance around the current levels. If the momentum remains strong we can see significant upside movement.

Note: The above is not a research report but information as available on public domain and it should not be treated as a research report. Any information discussed on the blog is for information purpose only. People are themselves responsible for any profit/loss arising on trading on such information.

Registration status with SEBI: I am not registered with SEBI under the (Research Analyst) regulations 2014 and as per clarifications provided by SEBI: “Any person who makes recommendation or offers an opinion concerning securities or public offers only through public media is not required to obtain registration as research analyst under RA Regulations”

Disclosure: It is safe to assume that I have the stock in my portfolio/trading position and hence my point of view will be biased. Readers should consult their financial advisory before any investments.