Market Review for 23rd August 2016

Nifty (8629) we said ‘technically trend is still intact but there exists selling pressure near 8746 and support around 8600 zones’ the Nifty unfolded as expected and Nifty seeing low closer to supports…technically now the range is modified to 8700-8550 with volatility…    

The support for the Nifty is at 8600-8550-8520 and the resistance is at 8700-8746

NIFTY OUTLOOK FOR 22-8-16

Nifty (8667) we said ‘it is quite possible that the Nifty may open again in the green but I would be cautious in the upper regions’ the Nifty opened in the green and traded volatile during the day and closing flat…technically trend is still intact but there exists selling pressure near 8746 and support around 8600 zones     

The support for the Nifty is at 8600-8520 and the resistance is at 8746

TURNING POINT FOR S&P

S&P500 -This is 89 month From low of 666.79 made on March 2009 Crucial Turning point ? Already up 229% in 89 months.

Market Review for 16th August 2016

Nifty (8772) we said ‘I would maintain that rallies are shorting opportunities’ the market saw a rally and the market opened up with a bull gap closed higher at 8672…now I expect the market to open with gap again and once again a gap up could be a shorting opportunity near the highs as 8746 is a stiff resistance zone and the market is still in sideways zone

The support for the Nifty is at 8520-8480 and the resistance is at 8746

GRASIM

GRASIM Future-On Friday told above 4251..tgt 4474-4548 & then 4769-4843 Yes ,Above 4548...Gates for 4769-4843 opened

INFOSYS

INFOSYS Future-Will it cross 1100 First or Crash below 1000 is possible. Below 1052 ,Gates for 1015-999 is possible.

RELIANCE INDUSTRIES

RELIANCE Future-Bhisampitama of Indian Mkt All eyes on 1045..Crossover and stays above..Watch FOR Tgt 1072-1081

Market Review for 8th August 2016

Nifty (8683) we said ‘and in the process generating a pattern would could stall the selling pressure and so a bounce is possible and I would say that 8490 is a crucial support to work and a breach of 8490 would hit the market hard and until that happens…its back to consolidation’ the Nifty unfolded as expected and closed massively in the green trapping the shorts…technically now like I saw we are back into consolidation and the next logical technical target in the days to come is 8746…crucial support 8600     

The support for the Nifty is at 8600-8490 and the resistance is at 8746

Market Review for 5th August 2016

Nifty (8551) we said ‘technically now 8600 is a stiff resistance and downside to 8490-8350 opens up’ the market opened with a bull gap despite a big GST event and closed flat for the day and in the process generating a pattern would could stall the selling pressure and so a bounce is possible and I would say that 8490 is a crucial support to work and a breach of 8490 would hit the market hard ad until that happens…its back to consolidation…  

The support for the Nifty is at 8490 and the resistance is at 8600

GST

Way Politicians ,Ministers ,Media ,Corporates talking about #GST it looks India got Independence Yesterday not on 15th August 1947

WATCH THOMAS COOK

Quess corp up 32% in last 1 mth, PARENT Thomas cook (holds 62.6% stake) down 10% in last 1 month....keep an eye on Thomas cook

GST

Once #GST Bill is passed ....What is the advantage to Day Trader ?? A Million $ question !

DAILY CALLS

NIFTY NIFTY Sell in the range of 8680-8690 8650.00/8630.00 8705.00 ITC ITC Buy in the range of 260.25-260.75 265.00/268.00 258.30 Hero MotoCorp HERHON Buy above 3280.00 3330.00/3360.00 3254.10 KPIT KPISYS Sell below 128.00 126.00/125.00 129.20

Market Review for 2nd August 2016

Nifty (8637) we said ‘technically the trend is still intact up and sideways consolidation is not ruled out  and strong support exists at 8572’ the market unfolded sideways as expected and closed flat for the day…technically the trend is still intact up and the levels remains the same…         

The support for the Nifty is at 8572 and the resistance is at 8746

just statistics

Earth's 🌎 human population in 1916 (100 years ago): 1.7 billion .@facebook's number of active users: 1.7 billion

DIGITAL INDIA ???

S Korea 94%🇰🇷 Australia 93% Canada 90% U.S. 89% UK 88% Germany 85% China 65% Brazil 60% India 22% (Digital India ????? )

NIFTY FUTURES

All Eyes on 8669 for NF...Break and stays below See PANIC PANIC up to 8623---8608 in minutes only.

#TECHMAHINDRA

TECH MAHINDRA....Bloodbath of life ?? We are Buying 440 pe ,will sell on rise....if revives...chances remote Algo indicates below 478 ????

Market Review for 1st August 2016

Nifty (8639) we said ‘technically now 8746 is next logical technical target in the days to come’ the nifty opened with bull gap and sold off on the last day of the week closing in the red…technically the trend is still intact up and sideways consolidation is not ruled out  and strong support exists at 8572                  

The support for the Nifty is at 8572 and the resistance is at 8746

#GST

#GST will be last nail in coffin and the day it is passed ,Market will top out in next 1-2 sessions and massive selloff starts.

L&T

ALERT-From last qtr result.....LARSEN is already up 25% Major Hurdle at 1675--1730 (already kissed 1615 ) Below 1549--tgt 1509--1496

Nifty Closes above 8650 As GST Seems a Reality

Indian Market Outlook: Nifty ended the July F&O expiry on a strong note closing above 8660.July has seen the comeback of FII who have bought over Rs. 12000 crores worth of stocks in the cash market. The consensus amongst all political parties regarding GST is a strong indication that the bill might see the light of the day in Rajya Sabha next week. Nifty can see a sharp upside movement if it is able to sustain above 8650 and possible upsides targets could be 8800-8850 in the event of GST being cleared. The support of nifty remains at 8565. Another major event to watch out for the day is the Bank Of Japan Policy decision where investors would keenly watch for any sign of further stimulus.

Navin Fluorine: Buy on dips

With a better than normal monsoon expectation the demand for fungicides and insecticides will see a huge demand by the agricultural sector which will benefit Navin Fluorine International directly. we  are recommending a 'Buy' at 2319.

Fundamental pick: Buy Gokaldas Exports at CMP & add on declines to Rs87-92

Investors could buy the stock at the CMP and add on declines to Rs.87-92 band for sequential targets of Rs. 127 and Rs. 151 over 2-3 quarters. If all things go well, the stock has the potential to touch Rs.229 in 4-6 quarters.

Market Review for 29th July 2016

Nifty (8666) we said ‘we are now into F&O expiry and the trend is still intact and upside to 8746 is still on if it crosses 8663… strong support at 8550’ the Nifty unfolded as expected and climbed up without yielding and crossed and closed above 8663… technically now 8746 is next logical technical target in the days to come…           

The support for the Nifty is at 8600 and the resistance is at 8746

Ten Cardinal Rules For Traders

The Ten Cardinal Rules

1. Learn to function in a tense, unstructured, and unpredictable environment.
2. Be an independent thinker versus a conventional thinker.
3. Work out a way to handle your emotions and maintain objectivity.
4. Don’t rely on hope and fear in the conventional sense.
5. Work continuously to improve yourself, giving importance to self-examination and recognizing that your personality and way of responding to events are a critical part of the game. This requires continuous coaching.
6. Modify your normal responses to certain events.
7. Be willing to face problems, understand them, and recognize that they are in some way related to your behavior.
8. Know when problems can be resolved and then apply methods to solve them. That may mean giving up some control in order to gain a different control. It may mean changes in your personality, learning self-reliance, or giving up independence and ego to become part of a trading team.
9. Understand the larger framework in which trading occurs—how the complexity of the marketplace and your personality both must be taken into account in order to develop the mastery of trading.
10. Develop the right mind-set for trading—a willingness to commit to the kinds of changes in personal habits and beliefs that will drastically alter your life. To do this requires a willingness to surrender to the forces of the game. In order to be able to play at a maximum level, you have to let go of your ego and your need to have things your way.

Market Review for 19th July 2016

Nifty (8541) we said ‘technically now the target beyond 8578 would be 8628 and crucial support to watch would 8500’ the market found some selling pressure in the upper regions and closed once again in the red…technically looks it is getting tired in the upper regions and is looking to rest and so a slide is possible…stiff resistance is at 8578…

14 July 2016 TRADING LEVELS

8550 & 8483 trend deciders for the day 18490 a crucial support & trend decider for BNF

BSE index: (27815) 27930 a crucial hurdle crossover above which only fresh buying will take it further up to 28106 & 28215. Downward side 27753 & 27643 crucial supports. Break below 27643 profit booking will drag it down to 27575 & 27466.

Nifty July Future: (8520) 8550 a crucial hurdle crossover above which only fresh buying will be seen. Downward side 8483 a crucial support break below which profit booking will drag it down.  Bank Nifty July Future: (18642) 18582 & 18490 crucial supports, keep stop loss of 18490 to your buys.

NCC: (79.50) Buy considering 78.25-77.75 a solid support keeping stop loss of 76.25. Upward side it'll spurt up to 85, 86.50 & 89.50. BHARAT FIN: (760) 770-772 a crucial hurdle up to which profit booking will be seen, keep stop loss of 780 to your shorts. Downward side it'll fall down to 743 & 727. KOTAK Bank: (774) Buy. AXIS Bank: (557) 565 & 549 crucial trend deciders for the day. HDFC Bank: (1194) Crossover above 1205 it'll spurt up heavily. ONGC & CAIRN: Buying on lower levels will be seen. HPCL: (1049) Profit booking on higher levels will be seen. JINDAL STEEL: (73.45) Buying on lower levels will be seen.

Market Review for 14th July 2016

Nifty (8520) we said ‘uptrend still intact and crucial support is at 8400’ the market opened with a bull gap and traded lower to close flat for the day…technically the trend is still intact but stretched and has very strong resistance at 8578 and if it continues its journey up then I would extend the target to 8628 again a very stiff resistance…the first sign of weakness would be the breach of 8480…    

The support for the Nifty is at 8480-8400 and the resistance is at 8578-8628

VEDANTA

VEDANTA ...Our Targets were 146--157 Yes ,157 is A STRONG RESISTANCE 3 Consecutive close + weekly above 157 ,next target 190-201

RED ALERT

RED ALERT -Horn Pattern on chart + 89th Trading session from low of 6835 NF at 8475...Stop of 8540-8550..sell Buy pe of 8500 at 106

TECHNICAL OUTLOOK 11-7-16

TECHNICAL OUTLOOK

SCRIP	CLOSE	SUPPORT	RESISTANCE	OUTLOOK
NIFTY	8323.20	8271 8220 8158	8368 8405 8458	STRONG RESISTANCE AROUND 8405.
BANK NIFTY	18016.25	17880 17690 17470	18290 18550 18885	EXPECT STRONG RESISTANCE AROUND 18290.
ITC	245.85	241 237 235	250 253 257	SELL ON RALLY.
REL INFRA	562.50	555 531 519	576 588 603	MILDLY BULLISH.
VEDL	143.10	139 134 131	147 150 155	MILDLY BULLISH.
TCS	2426.60	2408 2378 2345	2444 2465 2505	SELL ON RALLY.
SAIL	46.65	45 43 42	48 49 51	MILDLY BULLISH.
SBI	218.30	216 213 208	223 226 230	MILDLY BULLISH.
DLF	154.60	151 145 139	158 163 168	MILDLY BULLISH.
INFOSYS	1158.20	1143 1127 1103	1189 1205 1222	SELL ON RALLY.
TATA MOTORS	466.30	457 448 437	475 483 492	SELL ON RALLY.
BHEL	137.90	134 129 126	142 146 148	SELL ON RALLY.
TATA STEEL	318.35	310 302 294	326 337 346	SELL ON RALLY.
WOCKPHARMA	950.90	947 926 908	965 977 999	SELL ON RALLY.
ONGC	223.30	219 214 211	227 231 237	SELL ON RALLY.
ICICIBANK	242.20	239 235 228	246 249 253	SELL ON RALLY.
RELCAPITAL	403.45	392 381 369	418 430 437	SELL ON RALLY.
RELIANCE	978.40	970 953 941	990 1008 1023	SELL ON RALLY.
HDIL	105.25	102 100 97	102 105 109	MILDLY BULLISH
MARUTI	4161.80	4120 4085 4039	4178 4200 4240	SELL ON RALLY.
HINDALCO	126.85	123 119 117	130 132 137	MILDLY BULLISH.
ACC	1597.65	1575 1537 1509	1637 1660 1690	MILDLY BULLISH.
LT	1532.65	1538 1519 1488	1555 1599 1620	MILDLY BULLISH.

pick of the day

11-Jul-2016

PICK OF THE DAY	TARGET 1	TARGET 2	STOP LOSS
BUY SNOWMAN AT 87	91	93	85
FUTURES
BUY DRREDDY FUT AT 3550	3590	3610	3535

Paul Tudor Jones :12 Quotes (Must Read Every Day )

1. “The secret to being successful from a trading perspective is to have an indefatigable and an undying and unquenchable thirst for information and knowledge.”
2. “Intellectual capital will always trump financial capital.”
3. “Every day I assume every position I have is wrong.”
4. “Losers average losers.”
5. “You adapt, evolve, compete or die.”
6. “Trading is very competitive and you have to be able to handle getting your butt kicked.”
7. “The whole world is simply nothing more than a flow chart for capital.”
8. “At the end of the day, the most important thing is how good are you at risk control.”
9. “Always think of your entry point as last night’s close.”
10. “I will keep cutting my position size down as I have losing trades. When I am trading poorly, I keep reducing my position size. That way, I will be trading my smallest position size when my trading is worst.”
11. “Don’t be a hero. Don’t have an ego. Always question yourself and your ability. Don’t ever feel that you are very good. The second you do, you are dead.”
12. “Markets trend only about 15 percent of the time; the rest of the time they move sideways.”

Market Review for 7th July 2016

Nifty (8336) we said “technically the trend is still intact up and the next logical target in the days to come still is 8440 and I would not be surprised if Nifty pauses here as it has run up to fast…8300 & 8240 is a crucial support to work with’ the market unfolded as expected and went into a pause mode and closing in the red…technically I would maintain that 8280-8240 still is a possibility in an uptrend

The support for the Nifty is at 8300-8240 and the resistance is at 8400-8447

trading idea

Call Type	Act	Stock / Contract	CMP	Recommendation				Book Part Profit Price(Rs.) , Percent	Book Profit Price(Rs.)	Exit Price(Rs.)	Update on recommendations	Remarks	Potential %	Time Frame	Action
				Recmnd. From - To Price(Rs.)	TRGT1 (Rs.)	TRGT2 (Rs.)	SLTP (Rs.)
Weekly	Buy	LT FINANCE HOLDINGS LIMITED (LTFINA)	81.15	77.00 - 80.00  (01-Jul-2016 10:41 )	91.00	-	72.50	-  , -	-	-		Weekly Tech	-	10   Days
Margin	Sell	MARUTI SUZUKI INDIA LTD (MARUTI)	4,165.00	4,153.00 - 4,156.00  (01-Jul-2016 10:20 )	4,120.00	-	4,182.00	-  , -	4,136.00	-	Book Full Profit : 01-Jul-2016 10:24	-	-

India’s external debt rises $10.6 billion to $485.6 billion

The external debt to GDP ratio stood at 23.7 per cent at end-March 2016, a shade lower than its level of 23.8 per cent at end-March 2015.

India’s external debt stood at USD485.6 billion at the end of March 2016, recording an increase of USD 10.6 billion year-on-year, primarily on account of a rise in outstanding NRI deposits, the RBI said on June 30.

The increase in the magnitude of external debt was partly offset by valuation gain resulting from the appreciation of the US dollar vis-a-vis the Indian rupee and other major currencies, the central bank said in a statement.

The external debt to GDP ratio stood at 23.7 per cent at end-March 2016, a shade lower than its level of 23.8 per cent at end-March 2015, it added. RBI said on residual maturity basis, short-term debt constituted about 42.6 per cent of total external debt at end-March 2016 compared with 38.2 per cent at end-March 2015.

As per RBI data, share of commercial borrowings continued to be the largest component of external debt with a share of 37.3 per cent, followed by NRI deposits (26.1 per cent) and short-term trade credit (16.5 per cent).

The ratio of short-term debt (original maturity) to foreign exchange reserves declined 23.1 per cent as at end-March 2016 compared to 25.0 per cent as at end-March 2015. Debt service payments increased to 8.8 per cent of current receipts at end-March 2016 as compared to 7.6 per cent at end-March 2015, RBI said.

Meanwhile, with a view to rationalising and expediting the process of giving approval, the central bank said it has been decided that ECB proposals received in the RBI above a certain threshold limit (refixed from time to time) be placed before the Empowered Committee.

“Reserve Bank will take a final decision in the cases taking into account the recommendation of the Empowered Committee,” it said.

SUPPORT & RESISTANCES

TECHNICAL OUTLOOK

SCRIP	CLOSE	SUPPORT	RESISTANCE	OUTLOOK
NIFTY	8287.75	8220 8160 8085	8335 8401 8460	EXPECT STRONG RESISTANCE AROUND 8401.
BANK NIFTY	17935.40	17880 17690 17470	18030 18290 18550	EXPECT STRONG RESISTANCE AROUND 18290.
ITC	368.40	363 360 354	372 376 381	MILDLY BULLISH.
REL INFRA	545.75	531 519 508	555 564 576	MILDLY BULLISH.
VEDL	131.95	127 123 119	134 139 142	SELL ON RALLY.
TCS	2553.10	2515 2478 2444	2589 2630 2670	SELL ON RALLY.
SAIL	45.35	44 42 40	47 49 50	MILDLY BULLISH.
SBI	218.80	213 208 203	221 226 230	MILDLY BULLISH.
DLF	149.95	145 139 134	153 157 164	MILDLY BULLISH.
INFOSYS	1170.80	1143 1127 1103	1189 1205 1222	SELL ON RALLY.
TATA MOTORS	459.25	448 437 421	466 475 483	SELL ON RALLY.
BHEL	127.70	124 118 113	130 133 138	SELL ON RALLY.
TATA STEEL	321.95	314 306 295	328 337 346	SELL ON RALLY.
WOCKPHARMA	933.90	915 898 889	944 960 977	SELL ON RALLY.
ONGC	216.30	210 205 199	218 223 229	SELL ON RALLY.
ICICIBANK	240.55	235 231 227	243 247 252	SELL ON RALLY.
RELCAPITAL	399.75	390 381 374	410 418 430	SELL ON RALLY.
RELIANCE	969.15	953 942 928	989 1001 1015	SELL ON RALLY.
HDIL	103.25	101 99 97	106 109 111	MILDLY BULLISH
MARUTI	4187.20	4155 4120 4085	4200 4240 4275	SELL ON RALLY.
HINDALCO	122.85	119 115 112	125 128 132	MILDLY BULLISH.
ACC	1616.05	1575 1537 1509	1637 1660 1690	MILDLY BULLISH.
LT	1496.50	1456 1433 1395	1519 1541 1580	MILDLY BULLISH.

PICK OF THE DAY

01-Jul-2016

PICK OF THE DAY	TARGET 1	TARGET 2	STOP LOSS
BUY BANCOINDIA AT 153	159	164	151
FUTURES
BUY DRREDDY FUT AT 3385	3440	3500	3365

BREXIT FEARS GONE ?

MARKET SHRUGS OFF BREXIT CONCERNS,NIFTY ABOVE 8100,MIDCAPS OUTPERFORM WITH GAINS OF 1% ,MARKET BREADTH HEALTHY AT 5: 1 IN FAVOR OF ADVANCES

Market Review for 27th June 2016

Nifty (8089) we said “now the crucial support for the nifty is at 8200 and I would say the market is up as long as 8200 holds’ the market breached the 8200 mark and cracked due to Brexit and saw the low at 7927 and close deeply in the red…technically now 8200 has become a stiff resistance to deal with and the market being range bound…          

The support for the Nifty is at 7735 and the resistance is at 8200-8250

tata motors

Tata Motors could be most imp stock tomorrow to watch post Brexit outcome....most sensitive to Brexit...

DOW JONES

Dow Jones-Now Up 252 points.Watch Trendline…Next Target 18016-18049

Market Review for 21st June 2016

Nifty (8239) we said “technically now 8063 has once again got relevance and breach of 8063 can make nifty slide to 8005-7937 zones…otherwise 8275 still would be a stiff resistance to work with” the market witnessed a knee jerk reaction but bounced back in the very first after open and closing in the green signifying strength…now 8123 is a crucial support to work with and uptrend still intact up…

The support for the Nifty is at 8123-8063 and the resistance is at 8275-8300

pick of the day

17-Jun-2016

PICK OF THE DAY	TARGET 1	TARGET 2	STOP LOSS
BUY PSB AT 52	57	59	49
FUTURES
BUY TATAMOTORS FUT AT 453	465	474	448

Market Review for 17th June 2016

Nifty (8141) we said “technically now I would say that all time high on the Nifty & the bank Nifty are under threat…crucial support is at 8137” the market turned around taking support once again near 8063 mark and closed in the red but still above the crucial support of 8137…technically now 8063 has once again got relevance and breach of 8063 can make nifty slide to 8005-7937 zones…otherwise 8275 still would be a stiff resistance to work with…  

The support for the Nifty is at 8063-8005-7937 and the resistance is at 8275-8300

Market Review for 16th June 2016

Nifty (8207) we said “technically the market still looks weak and now if it breaks 8064 then it could head down to 8005 or even 7937 but I would maintain that 8175-8200 is a stiff resistance zone to work with” the Nifty did not breach 8064 and instead climb up  to close right near our resistance in the green…technically now I would say that all time high on the Nifty & the bank Nifty are under threat…crucial support is at 8137

The support for the Nifty is at 8137 and the resistance is at 8275-8300

technical outlook 16-6-16

TECHNICAL OUTLOOK

SCRIP	CLOSE	SUPPORT	RESISTANCE	OUTLOOK
NIFTY	8206.60	8140 8080 8000	8285 8335 8410	RESISTANCE AT 8285.
BANK NIFTY	17917.90	17610 17335 17170	18130 18445 18720	RESISTANCE AT 18130.
ITC	359.55	356 352 347	363 369 374	MILDLY BULLISH.
REL INFRA	539.50	528 513 504	555 565 578	MILDLY BULLISH.
VEDL	119.70	117 114 111	122 126 130	SELL ON RALLY.
TCS	2556.85	2519 2480 2462	2580 2625 2660	SELL ON RALLY.
SAIL	44.70	43 41 40	46 47 49	MILDLY BULLISH.
SBI	216.05	212 207 203	220 226 231	MILDLY BULLISH.
DLF	132.70	128 124 121	135 138 141	MILDLY BULLISH.
INFOSYS	1189.95	1159 1143 1119	1203 1222 1248	SELL ON RALLY.
TATA MOTORS	452.10	445 438 432	464 476 485	MILDLY BULLISH.
BHEL	122.55	118 114 109	126 129 132	SELL ON RALLY.
TATA STEEL	330.25	319 308 297	338 347 354	SELL ON RALLY.
WOCKPHARMA	924.10	916 905 887	937 953 969	SELL ON RALLY.
ONGC	213.70	211 204 198	217 223 229	SELL ON RALLY.
ICICIBANK	247.95	243 238 233	253 259 263	SELL ON RALLY.
RELCAPITAL	400.05	392 381 373	412 421 433	SELL ON RALLY.
RELIANCE	984.60	969 956 933	1001 1015 1033	SELL ON RALLY.
HDIL	96.20	94 92 89	97 98 99	SELL ON RALLY.
MARUTI	4209.60	4165 4127 4073	4244 4278 4330	SELL ON RALLY.
HINDALCO	115.75	112 109 107	118 121 124	MILDLY BULLISH.
ACC	1560.15	1537 1509 1489	1577 1600 1637	MILDLY BULLISH.
LT	1513.80	1490 1444 1395	1541 1588 1626	MILDLY BULLISH.