#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