Tracking and Cracking The Indian Stock Market

Wednesday, 25 May 2016

MARKET IDEA FOR 26-5-16

Market Ready to Big Move If Cross 7980-8000 (Remember - No. of times Reversal Seen)
Script Name	Trend	Closing price	Recommendations
Nifty Spot	UP	7934	*Above 8000 very hot*
Nifty Future	Up	7943	*Very hot and buy*
Bank -Future	Up	17013	*Buy and Buy*
Axis Bank	Up	503	Resistance 507 508
ICICI Bank	Up	234	Time to buy side
Yes Bank	Up	992	Above 1000 big move
SBI	Up	176	Time to buy
BOB	Down	133	Above 140 power show
Reliance	Up	951	Over sold counter - fresh short avoid
LT	Up	1289	Above 1300 more up side
Tata Steel	Up	325	Real show only above 340
Telco	Up	397	Above 400 looks good
HDFC	Up	1209	Above 1210 time to buy
LIC Housing	Up	444	Time to buy in small qty on intra day
Ashok Leyland	Up	97	More panic in today trade
HPCL	Up	840	Resistance 860
Lupin	Down	1475	*On the day result our sell call at 1690 (High 1692)*
Sun Pharma	Down	786	More down side
Rel Capital	Up	396	Still holding support level 380
Bharti Tele	Up	352	Support broken now towards 300-310 in near term
TCS	Up	253	Buy on decline
DLF	Up	122	Close eye 120
Tech M&M	Up	529	Trend change and time to buy on decline

10 Mistakes -Done By 95% Traders

Not honoring your original stops. Big losses make winning systems losing ones.
Quit trading it during breakdown. All systems have losing streaks, the key is to manage risk and stick to it until the system has time to play out with profits as the market becomes conducive to your system’s method.
Lack of discipline, drifting from taking defined entries and exit signals to your own opinions is hazardous.
Trading too big, no system can survive huge positions sizing that makes the first string of losses the last.
Style drift is deadly, slowly changing your trading system during active trades is not good. Research has to happen after hours when the market is closed and retest before changes are made.
If you can’t mentally and emotionally deal with the equity curve of your trading style then you can’t trade it long term. You can’t quite during losing streaks or get too excited during winning streaks.
You have to believe that your method will work over the long term, confidence comes from research, , and homework.
Don’t trade someone else’s system, build your own. Custom to fit who you are by using the principles that you believe in and work.
Trading too big during losing streaks ruins the potential of winning, don’t try to get back the blood the market took from you instead try to stop the bleeding by trading smaller and smaller until a new winning streak emerges.
Straying from the trading plan and making one big, bold, can’t miss trade and blow up all your previous profits. Don’t let greed make you do something stupid, stick to the plan.

A Million $ Question :Nifty Future Will it Break 7700 First or Will Zoom to 8350-8450 ?

3 Consecutive close above 8056++++Weekly close if happens then ?

Triangle Lovers………………..Watch 300 point Triangle on Weekly chart.

17th Trading session -U will see Unexpected level.

Nifty (7935) we said ‘technically Nifty needs to cross 7820 to indicate resumption of trend…there is a good chance 7700 could hold’ the market unfolded strong as expected and zoomed after crossing 7820…technically the market looks up 7977 and we could see profit booking in the upper regions…

The support for the Nifty is at 7850 and the resistance to the up move is at 7977-8049

Bank Nifty -Only 2 Levels to Remember :17173 & 16300…….

3 Consecutive close above 17173 level…………………………+ Weekly close

Our Chart says it may Zoom to 18050-18300+ level.

Consider 16300 as Major Support.

MARKET IDEA FOR 25-5-16

Crude Oil and Dollar Index to be Watch out. Nifty - watch with open Eye 7811 -spot
Script Name	Trend	Closing price	Recommendations
Nifty Spot	UP	7748	*Do not panic till not break 7680 with volume*
Nifty Future	Up	7759	*Decent support 7700 watch out, resistance 7825*
Bank -Future	Up	16488	*Short should be protect with stop loss 16600*
Axis Bank	Up	490	Resistance 490
ICICI Bank	Up	224	Strong resistance 225-230
Yes Bank	Up	977	Any long with stop loss 945
SBI	Up	170	Looks some up side towards 175
BOB	Down	130	Hold short position with trailing stop loss
Reliance	Up	941	Over sold counter - fresh short avoid
LT	Up	1243	Result day higher level to sell side
Tata Steel	Up	317	Result day... trend change above 340 - sell side
Telco	Up	389	Time for consolidation, below 380 wekaness
HDFC	Up	1174	Today trade to buy side on intra day
LIC Housing	Up	434	Time to buy in small qty on intra day
Ashok Leyland	Up	102.50	Big move today as a result day, if not break 100
HPCL	Up	809	Ready to fall below 800
Lupin	Down	1469	*On the day result our sell call at 1690 (High 1692)*
Sun Pharma	Down	773	More down side
Rel Capital	Up	384	Sell on rally
Bharti Tele	Up	344	Support broken now towards 300-310 in near term
TCS	Up	2473	Decent support 2400 + buying opportunity at lower level
DLF	Up	120	Avoid
Tech M&M	Down	475	Excellent result, but big task to cross 495-500

Tuesday, 24 May 2016

PICK OF THE DAY

25-May-2016

PICK OF THE DAY	TARGET 1	TARGET 2	STOP LOSS
BUY ESSELPACK AT 203	211	218	200
FUTURES
BUY GRASIM FUT AT 4295	4335	4360	4280