Nifty Update - 20th July 2012

Nifty Future daily chart above

We are nearing the target zone of 5280. keep the trailing stop loss 5242 (yesterday's low)

Partial booking or booking of long position initiated from 5180.

Some stocks in midcaps are looking good!

Nifty Update - 19th July 2012

Nifty Future daily chart above

As mentioned yesterday, we started with a small upmove yesterday. Long positions were recommended by us yesterday with 5160 stop loss. No change in that as of today

Ride the tide till it lasts is the motto for the long position. Keep eye on level of 5280 for booking profits.

Nifty Update - 18th July 2012

Nifty future daily chart above

We had a good breakdown from 5363 levels and stop loss helped.

Chart show there are bunch of supports avaliable around 5180 levels.

Risk lovers can long with stop loss at 5180 for a bounce of 40-50 points on Nifty

Nifty 13th July 2012

I think I always talk a day in advance my last nifty charts talked about the down move the markets move up that day followed by 2 strong sell days. Lol

Today seems to be positive day strictly for today only trade for 20 nifty positive points from yesterdays close and sit on the sidelines post that.

IDFC

IDFC Ltd
Face value Rs 10, Dividend 23%

The stock is looking good for a buy for a tgt of 139-142 with a sl below 136

Nifty Update - 12th July 2012

Nifty Future daily chart above

No change from yesterday reading. The profit booking kicked in early it seems. Profit booking happened by itself for us due to trailing stop loss. Sitting out at present
 
If any traders holding longs, hold it with yesterday lows as stop loss 5312.

Next move is important for market. Any breakout from here will result in 100 points move.

Seems like stock specific days are here again as lot of happening in midcap segment. 

Indusind Bank

The bank came up with excellent numbers yesterday. After the initial bad reaction the stock recovered and closed in green. The above posted chart is a weekly chart and we can easily make out that it is trading above the trend line clearly making this a buy item. I would suggest a buy trade with a target of around 349-350.

Nifty Update - 11th July 2012

Nifty Future daily chart shown above from Oct'10

It shows a TL from top of Oct'10 and one made in Feb'12. Resistance around 5420 area.

Nifty Future daily chart from Sep'11. It seems Breakout finally happened for upmove.

Long position holders should be ready to exit long positions around 5400-5420 and sit in cash.

stop loss 5320

Ranbaxy

This is one of my fav. trading stock. It has volatility, volume and safety. As one of the biggest pharma company and one of the largest producer of generic drugs in India it is some what safe investment compared to many of them in Nifty fifty. At the same time the daily volatility and volume ensures that traders can take position and earn something out of it.

My current call is for a buy around 483-485 levels with a sl below 480 for a tgt of 500+ with in this week.

Nifty 10th July 2012

Sliding rupee, lack of monsoon and policy paralysis are the three terms through which Indian economic outlook can be easily predicted. Due to lack of monsoon inflation will be high leading to limited action by RBI on reduction of interest rates. Thus, banks will continue to lend on higher rates leading to lower investment demand.

Nifty has started its down journey towards 5171 so all can join in the party by shorting it with a sl of 5330

Food for thought: Govt. is over excited in opening 100% FDI in retail (which is a major employment generator and people ought to make money here) but not for Aviation (where on one is making money world over) atleast we can save some money by making the foreign companies burn some money rather than earning everything and taking it back. 

Bank Nifty - Time to Look for!

Bank Nifty Daily Chart is shown above

It very much like Nifty have some more (larger) levels to reach. Is it time to look at banking stocks?

Nifty Update - 9th July 2012

Nifty Future weekly charts above

It seems we are moving up for last 2 weeks. This is the deciding week for the next move. Is 5354 is the immediate top in place, yet to be seen

Nifty Future Daily chart above

On daily scale, it seems market has some upmove left it it is able to sustain above 5260 as mentioend in earlier posts

Traders holding longs be cautious and keep 5260 as stop loss, target is 5400 arnd

Nifty Update - 5th July 2012

Nifty future daily chart above

No change in stand or reading. Long position intact with trailing stop loss of 5260 for target of 5400

Nifty Update - 4th July 2012

Nifty Future daily charts above

After Friday's strong upmove nifty is consolidating. Any break of 5260 should be considered reversal signal.

Above 5260 we are good. Keep 5260 as stop loss for all long positions for target of 5400

Nifty Update - 3rd July 2012

Nifty Future daily chart shown above

We had a good breakout from the 5090 - 5205 range on friday triggering a buy. Trade on the side of the trend is an good option right now for the likely target of 5400.

On different note - Oil is down today (back to 84$ levels) and stocks like pantaloon, raymonds, shoppers stop had a good run up along with GVK PIL and thermax.
Trent is still trading in a box

Nifty- 2nd July 2012

The breakout has happened on the weekly chart. The rupee grew stronger during friday registering the highest increase in 17 years. The oil also rose by 9% more than negating the impact of currency gains. Although the charts look strong for trip to 5400.. I am personally not convinced about the positive movements.

Swim with the tide and make some money by going long on nifty or selected stocks..