Update on Idfc Call

Wow, did u see it actually ran out of steam the day I told whether the bulls are ready to give up the gains... Yesterday's low was 163. It did break the range. So hope u guys enjoyed trading the stock...

Resis - 172 / 174 / 177
Supp - 162 / 158 

Nano on decline ???!!!!!

I associate this small car to this big giant. Deliberately to say that the stock may have taken a U-turn, but remember that this company is for the investors. Meaning it is investor friendly, but may take time to recover.

The stock broke resistance of 329 and continued its decline breaking my Crucial levels of 292 / 285. If you still holding the stock, book out at 300 / 304. I think it will touch 272 / 268 levels. If at all the stock is to reverse its downtrend, then it has to convincingly give breakout above 308  to 313 levels on weekly closing basis

Update on dlf

DLF Took support of 244 (which was my 1st target) and has been making new higher. Its in a rising trendline channel. So one can trade it with a trailing stop loss of 262, if one was long at lower levels.

Resis - 281 / 292
Support - 271 / 266 / 262 / 256


The weekly charts are showing signs of more upside, but according to me it will steam out of up-run after touching 285/287, to resume further uptrend. Do check iits short term moving averages for better view on the supports for the stock or rather a buying level again.

DLF... BINGO Target achieved of 244

Hi,


Did u guys watched the supports and resistances. Well, now if you are still short u can hold with a stop loss of 256 with trgt of 241 / 239.

Update on Tatamotors

Hi,

Just to remind u about my post on 27/12/2012 on this stock. It gave a good run. I think for short term or positional traders, one can ride the profits with stop loss of 309.

For medium term traders, if u are in good profits, either you can partially book ur profits near 329 or keep a stop loss of 292 / 285

DLF

It is seen that this stock around march or april makes a new high n then crashes and again after a year all the losses are recovered to touch that new high again.  This trend I saw for past 3 years. So one has be patient and smart enough to buy this stock at appropriate levels. Or I can say its a stock for traders.

I think, if the stock anytime breaks 253 convincingly, one can go short with a target of 244 with stop loss 257

Resis 259 / 263 / 272

Supp 253 / 248 / 243

IDFC

Over a period of a year, IDFC HAS BEEN TRADING IN A POSITIVE TRENDLINE.
Now according to me, with averages in place, still I think this stock would either be stuck in a range of 172 to 184. Or it will start running out of steam probably after touching 187 / 188.


Weekly charts are promising, so probably after some downside till 165, it would resume its trend further...

Why am I using will or would is coz i am not quite sure if the bulls are ready to give up the gains so fast.

HUL

Hi,

I know there were some news that HUL broke 200 Day Moving avg, but I think the stock on yesterday's closing has formed Bullish Candlestick pattern. So one can buy it with the stop loss 478. 1-2 trgt 512 / 518

HUL

The Fmcg well known toalmoest everone. Whenver I see this stock, I Laugh, heave a sigh of relief, and sometimes feel bad for others who may have entered the stock.

I had gone to attend one technical seminar at a well known Brok. place on 20th oct, 2012. Well, this course was conducted by some other agency but in that brok. House premises. I like to attend and upgrade my technical know-how on charts. The trainer used to give his recommendations on stocks to buy along with timings. He said they were purely based on his technical skills and not of that agency. But before pointing out the upheaval of this seminar, I would like to point out that One major outlook to see charts I learnt from here and that has really helped me a lot since then.

He gave his strong recommendation to buy itc n Hindustan Lever. I would tell you that since then I had these two n other stocks too on my radar. You wont believe out of the many stocks only a few actually made a run from the day n time of his recommendation.

I told my Husband I do not feel like  buying any, but yeah would like to buy kotak, Indusind Bank, but that too when I felt.

I feel amazed that how come two different persons, knowing the same technical know-how, perceive the study differently. How come the outcome comes different. These questions are still unanswered.

I just got a call from a colleague saying tht HUL had broken the 200 Day Moving avg. I was saved,,,,,

reliance industries

One friend asked me to give my take on this... I said 640 / 720 mein nahi liya, ab 52 week high par lene ka mann ho raha hai...

Anyways, thats the retail investor mentality. I am seeing based on charts till saturday. It is seen that the stock continues its upside for 5-7 days and then takes a U-turn.

So the weeklyy charts look promising to me. All technical parameters except one indicates the stock to be in overbought zone. As U know I never go by the 'HERD Mentality', I would always look at that indicator for signs of booking my short-term gains. NOW, the question You may ask is, if weekly charts look good, then Y shud i look into booking profits.

The answer is simple, if I feel that on daily charts the run-up seems to be in alarming zone, then I should be cautious and go by the principle of no Greed. Rather, in this situation, booking half of the profits is a prudent way of trading, so u dont miss on the further rally.

Resis 906 / 924 / 934 / 965
Supp 895 / 867

Hindalco update 27/12/2012 ref

Hi,

Sorry abt the late update on this stock. Its a stock which strictl follows the trendlines theory. It gives a clear picture how trendlines work. It took support on 100 Dy Mov Avg. For the first time I am not able to read the charts. I know for sure there will be gud movement , but donno which ways. Its formation on daily charts is of some triangle, but just can not make out.To be on a safer side, I will like to gv resis n supports rather than to comment. Trade accordingly...

Resis 126 / 132 / 135

Supp 120 / 118 / 113

sbin

HI,

SBI is one of the favorite stocks of investor amongst the top Nationalised banks.

It took the stock two yrs to come back to 2011 levels (above 2550) It has to cross 2540 convincingly for further uptrend. It is interesting to note that SBIN over a period of two yrs broke 20 Moving averages , but manage to close above it. So that means whenever Sbi goes below its 20 Day Moving average, one can go long to get upside return from that level.

resis 2537 / 2550 / 2582
Supp - 2450 / 2434 / 2409

Thank you

Markets View

Hmm, Its always very encouraging and self-inspiring, when we learn the same thing in a different way or explore a thing in depth to learn its beautiful dynamics.

Well I am talking about markets here. I do not like to read technical charts the conventional. Of course I thank to the stalwarts who discovered the study of Technical Analysis. But as you may know charts are reprentation of data and in market the data is price. Theses prices, though people say are manipulated by someone, but according to me, you cannot do it overall. I know these are 'Maharathis' of markets who run a stock, but you can never miss the overall Human Behaviour to action of prices.

So, I also was enthralled to know my eagerness to learn Psychology. Well, all said n done, what matters is the result. Some may do it the easy way of mental calculations or somebody's help, whereas some may do the hard way of evolving their idea of reading the stocks.

Coming back to sharing my views on market, it was interesting to go  through various time-period charts. It gave a better picture how markets fared in which situation & why. I think market may be looking as if its on some sizzling plate and hope doesnt fizzle out. What ae the triggers, well, i dont know. But frankly speaking charts tell you the true picture.

Resis  - 6074 / 6092 / 6127 / 6162
Support - 6037 / 6023/ 6008 / 5985

market ke funde

One may think why to buy stocks when they are at high, but tell who would decide what is a high for the stock..

I would like to share some gyaan i perceive is that markets may be run by a few master-minds, but how do they run is question, when so many people of the investor-trading communities are involved. On deep thinking, i get its majorly the psychology that plays part. Now, one would also think, the students of Psychology would make returns better than the Aam Janta... Well, I would like to point markets is also called Number Game. So number game ke liye toh Finance ke bande would do better... Its an interesting topic for debate n discussion.. I want to reserve my thoughts on it for the time-being.. Would love first yoyr comments on it...

Jab sab ko pata hai toh bhi why only few are the money-makers, while majority are losers. Its simple --- B different from others by being one amongst them... Think on this...

Oil Marketing companies - hpcl bpcl

Someone said there is a trigger in these stocks which could give good returns..

So my analysis says, that that person maybe right . On reading charts of both the stocks, BPCL charts are promising. One interesting thing to note is that the confirmation of run-up some steam still left, comes on the weekly charts than the daily charts .... which may indicate a run-up in store but dil thaanm ke rakho...

enjoy....

Tatasteel

This stock was a darling between 2005-2008. Of course it course it continues to be still, but majorly for short-sellers / rather traders.

Overall, the stock is in a range of 448 to 396. The Directional index indicator also show some non-commitment. Also Having, a look on the charts for past two years, it is interesting to note some break-out it managed to make above an on-going trendline. Now, one has to see, if the stock manages to remain above that trendline.

My view is it has to close above 432 again to resume the further uptrend ; otherwise that is a major resistance to be taken

Resis  - 418 / 424 / 427 / 434

Support - 410 / 404 / 396

BANK NIFTY VS. NIFTY

Hello,

W.r. t to my post on bankntifty since 21/12/2012 till date, I made a point that it is in tandem withh the nifty or vice-versa. So to get better and assured returns, it was advisable to trade it than the main Nifty.

As you can see, since 21/12/2012 till the new highs of 6068.5 were made, and also comparing the bank nifty returns, You would come to know that Nifty gave a returns of approx. 3 percent, whereas Bank Nifty gave 5 pcnt returns in absolute terms.

Also if you compare the difference in returns w.r.t. 52 week lows n high on both the indices, you would see bank Nifty (12908 minus 9814) gave more than 32 pct returns as compared to Nifty (6069 minus 4770)


Hope you liked my analysis... It would really great if you comment on my blog rather than on google plus..


Enjoy Trading

ITC CALL...

Hi, 

Its not that I am bearish. but did u guys see this stock declined n only declined after facing the resistance of 293 and broke the crucial supp n trend line

Hope some one booked their profits in the stock if one was holding on...

new highs....

Phew so many other activities going on so did not have time to post... 

A colleague from our industry had asked in the last week of Dec, 2012, what will markets be in jan 2013...

I jus told him they r yet in positive trend despite small hiccups. But since a v wave pending so it shud cm up.. This was based on my reading done from initial blog post...  n market never stop till 6040...  

I dont now want to report what happened in these days...

My reading is markets had a good run -up.. if it has to now resume the further trend, it should now convincingly close above 6024... 

Supp  -  5934 / 5927 / 5911

Resis  -  6008 / 6018 / 6038

Further stock updates please keep checking my blog