lnt also good comeback

When I posted a reminder call for my shorts on lnt, a colleague have me an up levelss... hats-off to his reading...

Well Sometimes charts do fail to give a confirmation call... so market calls and recommendations and regular updates of news is also a must..

Well, no excuse but this will help my technical edge on markets..


I like comments and such true  feedback from u all...

Thanks

wow.. sparkling nifty comeback

As it sustained the supports of nifty, its RSI was a good indicator for a comeback...

Nifty Midcap indication supported me this time... good one.

It should now sustain 8015-8043 levels strongly, otherwise cud be just a phuki bomb upmove this time..

Markets trend following the election results checked nifty midcap50

well markets are in a Topsy-turvy phase rite now.

Supports : 7735 / 7684 / 7620
Resis : 7792 / 7885

Closing above 7885 and sustaining it, will only give some up-direction for the market...


Check out nifty midcap 50, outperforming NIfty... It did not cross the resis level of 3186 though (Post of 9/10/2014)... check out the support levels now for  (refer 7th oct post for it)

Well charts are showing unanimously majority of the market participants are expecting correction or are unsure of its direction....

Lets keep fingers crossed for this diwali month good closing...( which I am not so sure ...)

superb article to read...

http://economictimes.indiatimes.com/opinion/interviews/14-stocks-which-can-become-multi-baggers-in-next-3-5-years/articleshow/42697188.cms

lnt... good sell on rise stock

It could not sustain or rather cross 1500 levels..

Supp ; 1400 -1391 / 1378
Resis : 1468 / 1500

Any levels below 1378 or above 1498-1506 levels will be the confirmed direction for the stock for a breakout eitherways respectively... 

dlf ko meri nazar lag gayi...

This is stock market guys...

The reason I shifted my focus on technicals is purely that its more reliable than fundamentals...
This view I made after I came across the Satyam Computer mishap.... Be it small or bbig, after all fundamentals is based on numbers, which can always be manipulative.... So I lost my faith over fundamentals, that also doesnt mean you put in ur hard earned money in any Tom-Dick N Harry stock..

Well I was saved this time since I looked at the weekly charts which were showing some resistance levels n pressure on top

tatamotors rocking...

It could sustain any of my resistance levels and was at my support level today of 480 ...(pls refer prev post on 22sept ).. It indeed went down from the levels.

Support : 470/464
Resistance : 502/510

dlf update

As said, it came down from the resis level of 155 and is trading well within the support n resis levels...

I saw the weekly charts of that stock, only one, but important indicator of MACD is at critcical levels. I think that would decide the further fate of the stock.

Now, Support levels 137/133
Resistance 148/152/158

above 158, good movement

rcom

watch for it... no comments today on it from my side... but a trading stock is all i can say......

nifty

Did u c nifty midcap 50 up 2% , nifty following it...

Now nifty midcap 50 levels on resistance 3186
--- 3229 / 3260.. closing above that with gud volumes would be a great indication for further breakout

dlf

My favourite to trade...

Ghum phirke yaha par atak jaati hoon... superb u turn.. All short term positions maintain buy with stop loss of 143 and long term 135... it dint cross 155 my resistance level.. hope it does in next sessions

result season

lets c if i can give some view on some stocks i know

Sintex 13th oct 2014

From 22 levels it gave a gud run up within 2 years. On yearly charts it made a cup n handle formation.
Support is 70/68 levels
Now Resis for stock is 76/78 levels. Should break that with volumes, then can resume its further upmove till 88/92 levels. But to see if it can sustain these levels on closing basis with volumes

NIITTECH 15TH OCT 2014

Not a trader stock anymore. But still levels i can say resis 439 broken then good upmove, but on closing basis. One has to see all other indicators too


Deltacorp -- let me see this for a few days n then can say

Prajind as above

Crompton greaves 16 oct 2014
One of my fav stock. gave a gud break out above 90 levels in a year. Trade with a stop loss of 201 and long term players 187.

GHCL 18 OCT 2014

Wow what a stock~!!!!would have been the market buzzers delight.

Update further later..

bye

rcom

rcom is in its big down wave. but it formed a wedge pattern so i think it can bounce till 108/111 leves. if at all it gave closing above that any day it can further move up. its just a momentum stock .. I dont know about investment in it

nifty update

Supp : 7885 / 7920

Resis : 7958/7985/8005

The nifty should sustain 7940 levels for two days

lnt update

the stock yesterday closed at a good levels... so sorry i could not track markets later coz of network issues. however as I had a doubt that it would give a piercing line pattern close, but not to worry it gave a bullish engulfing pattern .. so no wonder it gave a gap up.

I think a clear indication is to be seen if it can sustain 1500/1506 levels.

More update later

supp : 1458/1420 / 1400
resis : 1485/1500/1506/1520

HINDUSTAN LEVER

THIS STOCK HAS FORMED A TRIANGLE PATTERN. IT SHOULD NOT BREAK 728 LEVELS ON CLOSING BASIS ANYTIME, FOR ITS UPWARD DIRECTION TO CONTINUE.

SUPP : 728/708/700
RESIS : 742/750/755

larsen n tubro

LT Rallied due to some order acquisiton.. on an intraday basis it is up right now, but it is to be watched where it is to be closed. according to me its a sell on rise stock for a week..  till now the actual low of the stock is not 1401 but 1437 in intra day.

resis : 1458/1469
supp : 1401/1389/1350

it has made a head n shoulder pattern from 18th aug,

Stocks update

Stocks that should be on your trading radAR NOW:

Powergrid -- supp: 131/128
                     Resis : 139/146/154
DLF -- WRONG STOCK TO PUT MONEY IN FOR LONG TERM
SUPP: 137/125
RESIS : 155

Tatamotors -- the stock held 490 support i gave in my previous post. It has to be seen if it holds 480 levels too or would further continue the re bounce. Please watch for the average divergences in the stock for further guidance.. now it is at a critical level.. more update later

there are more stocks that i want to update.. please catch up on that for tomorrow..

nifty update

hi,

No wonder the markets were sectorally moving sideways. As I had doubts there was no full particiaption from all sectors in the upward movement, the markets gave wrong indication of sideways consolidation.

It broke my support levels mentioned and now bollinger bands giving an indication of downward consolidation. However, lets watch for a day or two if nifty can move above 7920/8005 levels and close there.

support : 7730/7660/7580
resistance : 7920 / 8005

P.S. Watch crude oil market. also look at the nifty midcap 50 for movement of nifty. I think midcaps 50 would be a great help for knowing the further movements of markets.. supp of nifty midcap 50 is 3042 /3009.. check out the levels and the rsi of it