ITC testing patience of traders

ITC is an ideal stock to test traders patiece.

Stock has formed multiple tops around 215. Vols are coming down Looks like require lot of strength to cross 215

Once 215 is crossed buy for a tgt of 218 220 sl 212

Better option is to buy 210 CE once 215 is crossed.

Suzlon Energy Ripe for Bounce

Suzlon is correcting from past few days and has today formed a Doji and had taken the support of Channel bottom line.
Gap formed on 20 may is also filled today.

So looks like a bout of short covering can come in stock and push it to 85 odd levels.if that is crossed accept 90 95 levels on this counter keep a sl of 77 on all longs initiated.

NIfty Outlook for July 14

NIfty as told yesterday bounced from 3933 thereabout levels.

Now after a minor pullback from the low levels of 3920 what can we accept next??

Levels to watch out tomorrow 4012 4050 and 4075

A close above 4075 will give a tgt od 4140 in short term but overall trend is down and we will move towards HnS tgt of 3645.

RIL has formed DOJI on EOD charts can see a good move till 1775 1800 Levels

Nifty Weekly View

Hi All

As told in previous Weekly analysis That and Head and should is making and we broke the Trend line @4150

So Now we have closed a weekly down of 10% on nifty.

Well as per me the downtrend will gonna continue with minor bounces till 4040 4075 4150.

An important observation

4693-4146=547 POints fall

4480-547=3933

4480 High on Budget Day

SO 3933 becomes an important point to be watched out.


Nifty Levels to watch out for

4242 on upside - 3739 on downside should be range for coming week

Weekly Breakout points:

4142 on upside if broken can see 4242 and 3865 on downside if broken 3739.

MISC

THE ONLY TECHNICAL TOOL THE HARDCORE FUNDAMENTALISTS BELIEVE IN (ARM'S INDEX)

Here NIFTY is Plotted along with the 13 day MA of ARM'S INDEX in Inverse

ARM'S INDEX=(Number of ADV ISSUES* DECLINING VOLUME)/(Number of DECLINING ISSUES*ADVANCING VOLUME)

Contributed By:
"Suvodeep Ghosh( wildeazoscar@gmail.com/+919933388898), who would not have been inspired if Brahmesh and Gaurav were not there"

ARE THE GENERALS RECEDING FROM THE MARCH??

Contributed By:
"Suvodeep Ghosh( wildeazoscar@gmail.com/+919933388898), who would not have been inspired if Brahmesh and Gaurav were not there"

WHERE SMART MONEY IS HEADING

The Chart gives the sum total equity holdings of the FII and DII in NSE









Contributed By:
"Suvodeep Ghosh( wildeazoscar@gmail.com/+919933388898), who would not have been inspired if Brahmesh and Gaurav were not there"

A TREND IS BEING BORN THAT MAY RIP YOU OFF IF YOU ARE CONTRARY

Breadth Thrust=10 Day SMA of (Advancing Issue/(Advancing Issue+Declining Issue)

a 10 day thrust that changes the indicator from overbought to oversold or vice-versa guarantees at least 30% return in 12 months

Contributed By:
"Suvodeep Ghosh( wildeazoscar@gmail.com/+919933388898), who would not have been inspired if Brahmesh and Gaurav were not there"

CATCHING REVERSALS---TOOL 1 (PUT-CALL RATIOS)

The Charts show Nifty tracked with 20 day Moving Average of PutCallRatio

PUT-CALL RATIO = Sum over all Strike Prices and All Expiry Months of {(Price of Put*Volume)/Open Interest of the Put}/{(Price of Call*Volume)/Open Interest of Call}

MANDATORY WARNING---To Keep things simple the chart has been inverted so that the Highs align with Tops and Lows with Troughs

The Blue Boundaries are the Highest High Values and Lowest Low Values of the Indicator over a 200 Day Period
























Contributed By:
"Suvodeep Ghosh( wildeazoscar@gmail.com/+919933388898), who would not have been inspired if Brahmesh and Gaurav were not there"