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

Updates on trends

http://equityrecos.blogspot.in/
Hi everybody,
just check the latest market readings...
Enjoy

Tata Motors

Hello,


This stock has given good run-up from the lows... I am sure its an investor's charm.. Good Dividend payer, bonus sharer and good ROE giver. What else u need... PATIENCE

Now, it should not close below 292 for say 1-2 months view. please not I am not so gud a time-teller, but a good target giver.

Hindalco....

Hi,

I would like to get comments on this post. This stock should a must on technical chartist radar.

My only hesitation to give any view is because of its last two day breakout from an on-going descending triangle pattern. I am not very sure about the formation... But Mind well, i would give the good news on it, on either ways..... Lets wait n watch whether bulls or the bears shall control the stock


Keep visiting my blog for the further updates....

ITC Call & market view

Hi Everybody,

Hope someone would have shorted ITC at higher levels.... (Refer my prev post on ITC.

Well, markets yesterday bounced from 5840 supp levels but could not manage to break above 5934. Also markets gave today closing below my 1st supp level (5885) given yesterday.

Now, one has to see if markets can retest 5934 levels & not close below 5840 tomorrow. Today markets gave in two days gains with high volumes (more than avg volumes of last 4 trading sessions)

Resis  -   5898 / 5914 / 5934
Supp   -  5838 / 5820 / 5772

Please note that Nifty has held the short-term averages very well. If markets gap down & 5820 is broken, then the level of 5754 will act as a good arrest level for any downsides.


Thank You

Follow-up call on Bank Nifty - 21122012

Hi,


Did U check out that bank nifty made highs till 12517 (near my 2nd resis - 12515) & also closed above the 1st resis given that day - 12477.

As I had pointed out trade Bank Nifty rather than Nifty since nifty was moving in tandem with it. Though, if you see today's gainers were from other sectors. To be frank I have not checked out charts of Different Sectoral Indices.

The weekly charts are in a trend line wherein they are moving above short-term moving averages.

There is one technical indicator which I have a keen eye on... It is the true trend-setter and rather  I would say Trend - level Giver.

Resis    -  12618 / 12715
Supp    -  12410 / 12354

TRADING CALL - 26122012

Hi,

5840 has been acting as gud support for the markets. Today's markets closed above the 5 & 10 day Moving averages. My first resis 5918 in prev post was not broken today. 

5927/ 5934 are stiff resis areas to be broken and given closing above it convincingly along with good volumes. I am sure that markets in a few trading sessions would give good move either ways (say 250-300 points)

It is interesting to note that weekly charts would be a gud trend teller than daily charts for positional calls.

So watch for them...

Resis   -  5924 / 5945

Supp   -  5885 / 5845

You guys may wonder why i m quiet on few days. The reason being either I do not get time to track or majorly my resis & supp take care of for 2-3 trading sessions.

Thank you..

Happy Trading !!!!!

ITC

This stock has given gud returns in two years. In these two years, the stock has not broken the trendline. So, it tested 281 on Friday  but if it would have broken that and of course closed below 288, then stock would have been a must watch for Short-sellers in the market.

 However, it manged to close above 281 with good volumes. Now, it has to seen for 1 or two days the closing prices keenly.

Resis -  292 / 294 / 298
Supp  -  281 / 277

Bank Nifty

Having a look at the Bank Nifty charts, it seems that markets would move in tandem with how bank nifty plays. If pullback has to happen in Nifty, then trade bank nifty rather than nifty & vice-versa trend also. It will give sure returns. Bank nifty Moving averages, MACD are all indicating towards downside. So best strategy would be to short bank Nifty on higher levels.

Resis  - 12477 / 12515
Supp   - 12358 / 12115 / 11850




Thanks...

Daily calls - 22/12/2012

Hi,

Wow... Markets did make highs 5939-5938, but never managed to close beyond 5934 Resis. So acting as a stiff resistance on closing basis, markets did trade low on Fri (21/12/2012) testing the supp level of 5840.... The MACD indicator did give a -ve divergence, but we may expect markets to bounce from lows (one of the indicator shows mkts bouncing back if opened gap-down. However market closing below 5820 will have more downside.


Resis - 5918 / 5924 / 5934
Supp - 5825 / 5816 / 5764

Please note that these are short-term hiccups in markets, but market overall in uptrend. Keep in mind my 16th & 18th Dec overall view of the markets

P.S. I re-iterate that these calls are majorly only on basis of technical charting and I do not follow news for reason why the upside or downside could happen...

Daily calls - 19/12/2012

Gud Morning....

On the basis of reading charts till yesterday's trading session, I want to share my views.

Nifty managed to surpass the resis levels (5927/34) with good volumes in the market. Also continuing with the positive trend, it is now to be seen if the MACD indicator continues its positive divergence. Markets now are looking for some major trigger either side.

Resis - 5945/5950
Supp - 5867/5840/5816

Hi,

I maintain my outlook about markets being in overall positive trend. However, I gave the supports 5840/5816. 

As you saw, markets did justify these two levels for two days. I would like to point out that my levels of supports (Supp), resistances (Resis) & targets (TGT) would be approx +/- 5 points of actual levels. this is what I have seen in these years the Proximity of my levels & views.

5816 is a Multi-supp level. In technical analysis, we call it as the Average Price (wvap)

My view is today's up-tick was on back of the RBI move. Also one of the indicator of RSI showed the bottom level from where they had to close above. Still, 5927/5934 are crucial resis level to break for markets to again make a new high. Also, the up moves now should be complied with increasing volumes too. One major indicator is MACD, which is on the verge to give negative divergence. But yet to be seen.

All these levels are either intra-day or closing levels, but mostly closing prices.

Resis - 5927 / 5934

Supp - 5865 / 5816

Happy Trading .....

Today's chart reading

Hi,

I am sharing my views on markets and stock calls on this blog.

I have dedicated this blog only to share my knowledge on Indian Equity Markets.

Today's reading is that overall trend looks positive. This view is based on charts till yesterday. Acc to me (V th) sub-wave is pending, but a little respite can be seen to the up-move  Daily plus weekly charts show a candlestick pattern which indicates a top- capping structure.

Resistances for markets for say 1 week (i.e. 5 days) - 5927 / 5934
Today's Support - 5840 / 5816

Targets - If above supports are broken which I strongly feel, then they can reach 5781 / 5665.



For Further updates on stocks & markets, please read my blog.....



Thank you.


P.S. - I give these views on my chart-reading skills without any updates based onnews or fundamentals......

In India, There are major two exchanges operational in terms of turnover, volume, number of clients & scrips listed i.e The Bombay Stock Exchange (BSE) & The National stock Exchange (NSE)

Broadly, equity stock Trading & Derivatives trading is what I would like to highlight on.

First, talking of Equities meaning shares that are listed on the exchanges & widely traded. This blog is to give a basic, lay-man understanding about the trading done.

According to me, there are major two sections in markets. I.e. Traders & Investors. Trading  are for me, who are speculators, people who want to make quick bucks, and investors who ply their money to gain returns from short period of time - more than 15 days to 6 months. 

However, stalwarts & big Brokerage houses' analysts, relationship managers recommend investing means plying your money to expect returns from period 6 months to 1 year. I would like to call them short-term investors. Theoretically  people from the industry say that periods of investment & terming them short-term & long-term varies from person to person. But, since working in the markets tells me that investments for 6 months to 1 year should be short-term trading and not investments. Because Investing according to me is basically done on fundamentals & any Tom, Dick & Harry would tell you that fundamentals do not change in such short periods. For the fruits or changes to seep in the balance sheets would atleast take businesses 1.5 to 2 years.


After broad classification on methods of doing business on the exchanges, let me bifurcate trading & investment in terms of period of returns (Profit / Loss). they are as follows:-

Also to give a new dimension to the terms trading & investment, I would say targets got by seeing technical charts should be purely meant for trading purpose, whether its for 1 or 2 yrs targets. Charts are representation of human behaviour to the change in prices & volume; whereas Balance sheets and targets from them are purely representation of the business done. So according to me targets derived from purely accounting is what I call investment. If someone would argue that changes of prices due to news flow of companies in terms of new set-up, product-line, Financial results in the short-time is 80% due to speculation. since the actual numbers of these news will reflect in balance sheets or profit & loss statements after the news are implemented. 

A) Trading

     i) Intra-day                                     - Trading done during the day i.e. 8.55 am to 3.30 pm.

     ii) Buying today a stock & selling it the very next day.

     iii) Positional Trades                   - Trading done with the expectation of returns from 5 days to 15 days

     iv) Short - term trading             - Investing money in the equities to expect returns within period of 1 month to 3 months.

v)  Medium-term trading        - Trading done with expecting returns from investment done for a       period of more than 3 months to 6 months.

     vi) Long - term trading              - Trading or investing for period of 6 months to 1 year.

B) Investment

     i) Short term Invt.                       - Investing on basis of numbers for period of 6 mths to 1 year.

     ii) Medium - term Invt.             - Investing on basis of numbers to expect returns from period of 1 year to 2 years

     iii) Long - term Invt.                    - Investing for a period of more than 2 years.